Related Party Transaction

3 Months Ended

Mar. 31, 2024

Related Party Transaction [Abstract]

RELATED PARTY TRANSACTION

16. RELATED PARTY TRANSACTION

As of March 31, 2024, the amounts due to the related parties were consisted of the followings:

Name	Amount (US$)		Relationship	Note
Chan Siu Kei		431,757	NTAM’s Director	Other payables, interest free and payment on demand.
JKNDC Ltd		114,996	A company owned by the minority shareholder of NTAM	Other payables, interest free and payment on demand.
Total	$	546,753

As of March 31, 2024, the amounts due from the related parties were consisted of the followings:

Name	Amount (US$)		Relationship	Note
Xiaochen Zhao		929	Corporate legal representative	Prepaid expenses, interest free and payment on demand.
Hu Li		20,000	Corporate Secretary	Prepaid expenses, interest free and payment on demand.
Chao Li		2,115	Corporate legal representative	Prepaid expenses, interest free and payment on demand.
Ming Yi		63,788	Chief Financial Officer of the Company	Prepaid expenses, interest free and payment on demand.
Total	$	86,832

During three months ended March 31, 2024, the Company had the following transactions with related parties:  

Name	Amount		Relationship	Note
JKNDC Limited	$	1,918	A company owned by the minority shareholder of NTAM	Other expenses
JKNDC Limited		135,640	A company owned by the minority shareholder of NTAM	Cost of revenue- Asset management service
Nice Talent Partner Limited		115,087	A company owned by the minority shareholder of NTAM	Consultancy fee

As of December 31, 2023, the amount due to the related parties was consisted of the followings:

Name	Amount		Relationship	Note
Chao Li	$	73,893	Corporate legal representative	Other payables, interest free and payment on demand.
Ming Yi		29,513	Chief Financial Officer of the Company	Accrued expenses, interest free and payment on demand.
Xiaochen Zhao		124	Corporate legal representative	Accrued expenses, interest free and payment on demand.
Chan Siu Kei		401,516	NTAM’s Director	Other payables, interest free and payment on demand.
Total	$	505,046

As of December 31, 2023, the amount due from the related parties was consisted of the followings:

Name	Amount		Relationship	Note
Kai Xu	$	12,151	Deputy General Manager of a subsidiary of the Company	Loan receivables*, interest free and payment on demand.
Total	$	12,151

During three months ended March 31, 2023, the Company had the following transactions with related parties:  

Name	Amount		Relationship	Note
JKNDC Limited	$	1,914	A company owned by the minority shareholder of NTAM	Other expenses
JKNDC Limited		361,958	A company owned by the minority shareholder of NTAM	Cost of revenue- Asset management service
Alpha Yield Limited		178,913	A director of the Company is a shareholder of this company	Consultancy fee
Nice Talent Partner Limited		76,542	A company owned by the minority shareholder of NTAM	Consultancy fee

* The related party transactions have been approved by the Company’s Audit Committee.