Related party transactions

12 Months Ended

Dec. 31, 2023

Related Party Transactions [Abstract]

Related party transactions

Note 8 – Related party transactions

Related parties receivables comprised of the following:

	December 31, 2023		December 31, 2022
Mr. Raymond Fu		-		55,172
Mr.		-		-
Shenzhen Junfeng Wood Chain Network Technology Co., Ltd.		1,110,135		-
Total		1,110,135		55,172

Amounts receivable from Mr. Raymond Fu, CEO, director and controlling shareholder of the Company, comprise of funds advanced to him for expense payments.

Amounts receivable from Shenzhen Junfeng Wood Chain Network Technology Co., Ltd., where Mr. Li JiYong serves as the legal representative, comprise of loans receivables.

The balances above are unsecured, non-interest bearing and it is repayable on demand.

Related parties payables comprised of the following:

	December 31, 2023		December 31, 2022
Mr. Li JiYong		42		-
Uonlive (HK) Ltd		10,828		-
Mr. Raymond Fu		178,784		77,785
Jinyang (HK) Assets Mgt. Ltd		54,143		-
Mr. Wang QingJian		17,588		-
Total		261,385		77,785

Amounts payable to Mr. Li JiYong, the legal Representative of the Company, comprise of advances made to the Company for working capital purposes.

Amounts payable to Uonlive (HK) Ltd., with Mr. Raymond Fu as an indirect beneficial owner, comprise of advances made to the Company for working capital purposes.

Amounts receivable from Mr. Raymond Fu, CEO, director and controlling shareholder of the Company, comprise advances made to the Company for working capital purposes.

Amounts payable to Jinyang (HK) Assets Management Ltd., with Mr. Raymond Fu as the beneficial owner, comprise of advances made to the Company for working capital purposes.

Amounts payable to Mr. Wang QingJian, COO of the Company, comprise of amounts payable for formaldehyde removal services.

The balances above are unsecured, non-interest bearing and it is repayable on demand.