Related Party Transaction

9 Months Ended

Dec. 31, 2022

Related Party Transactions [Abstract]

Related Party Transaction

5. Related Party Transaction

Related Parties

Name of related parties	Relationship with the Company
Siu Ping Lo	Responsible officer of YeeTah
Huihe Zheng	Principal stockholder, Chief Executive Officer and Chairman of the Company
YeeTah Financial Group Co., Ltd. (“YeeTah Financial”)	A company controlled by Siu Ping Lo
Ouya Properties Group Ltd. (“OPG”)	A company controlled by Huihe Zheng

Related Party Transactions

(i)	During the three and nine months ended December 31, 2022, YeeTah Financial charged YeeTah US$12,096 and US$34,775 (2021: US$23,644 and US$53,862) commission expenses in relation to insurance referral services rendered by YeeTah Financial.
(ii)	During the three and nine months ended December 31, 2022, Huihe Zheng advanced US$14,722 and US$ 177,941    (2021: US$151,579 and US$362,570) to the Company to support its operations.
(ii)	During the three and nine months ended December 31, 2022, OPG advanced US$1,817 and US$1,817 (2021: US$ nil and US$ nil) to the Company to support its operations.

Due to Related Party Balance

The Company’s due to related party balance as of December 31 and March 31, 2022 is as follows:

	December 31, 2022		March 31, 2022
	US$		US$
Huihe Zheng		992,433		814,748
OPG		1,878		—
YeeTah Financial		7,447		3,937
Total		1,001,758		818,685

The due to related party balance is unsecured, interest-free and due on demand.

Subscription Receivable Due from a Stockholder

The Company’s subscription receivable due from a stockholder balance as of December 31 and March 31, 2022 are as follows:

	December 31, 2022		March 31, 2022
	US$		US$
Huihe Zheng		48,718		48,718

The due from stockholder balances represent the purchase price for shares of QDM BVI to be paid by Mr. Huihe Zheng. These due from stockholder balances at of the balance sheet dates were unsecured, interest-free and due on demand.