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RELATED PARTY BALANCES AND TRANSACTIONS (Tables)
3 Months Ended
Mar. 31, 2023
Related Party Transactions [Abstract]  
SCHEDULE OF RELATED PARTIES

SCHEDULE OF RELATED PARTIES

        As of 

Name of Related

Party

  Relationship  Nature 

March 31,

2023

  

December 31,

2022

 
               
TH3 Technology Sdn Bhd (“TH3”)  Mr. How Kok Choong, the CEO and director of the Company is also a director of TH3  Prepayment of IT expenses  $592   $1,273 
DSY Beauty Sdn Bhd (“DSY Beauty”)  The directors and shareholders of DSY Beauty are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd  Deposits for products purchases   63    9,261 
DSY Wellness and Longevity Center Sdn Bhd (“DSYWLC”)  Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd is also a director of DSYWLC  Expenses paid for DSYWLC   1,190    - 
                 
Total        $1,845   $10,534 

 

Accounts payable – related parties

 

        As of 

Name of Related

Party

  Relationship  Nature 

March 31,

2023

  

December 31,

2022

 
               
CTA Nutriceuticals (Asia) Sdn Bhd (“CTA”)  The directors and shareholders of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd  Purchases of products for the provision of complementary health therapies  $20,127   $25,387 
DSY Beauty Sdn Bhd (“DSY Beauty”)  The directors and shareholders of DSY Beauty are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd  Purchases of beauty products   402    224 
                 
Total        $20,529   $25,611 

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

15. RELATED PARTY BALANCES AND TRANSACTIONS (Continued)

 

Related party balances

 

Other payable - related parties

 

          As of  

Name of Related

Party

  Relationship   Nature  

March 31,

2023

   

December 31,

2022

 
                     
CTA Nutriceuticals (Asia) Sdn Bhd (“CTA”)   The directors and shareholders of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd   Purchase of products for general use   $ 847     $ 2,149  
DSY Beauty Sdn Bhd (“DSY Beauty”)   The directors and shareholders of DSY Beauty are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd   Purchase of products for general use     -       2,147  
Mr. How Kok Choong   Mr. How Kok Choong, the CEO and director of the Company   Commission expense     277       584  
                         
Total           $ 1,124     $ 4,880  

 

Related party transactions

 

Purchases

 

Name of Related           For the three months ended March 31,  
Party   Relationship   Nature   2023     2022  
                     
CTA Nutriceuticals (Asia) Sdn Bhd (“CTA”)   The directors and shareholders of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd   Purchases of products for the provision of complementary health therapies   $ 20,317     $ 12,012  
DSY Beauty Sdn Bhd (“DSY Beauty”)   The directors and shareholders of DSY Beauty are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd   Purchases of beauty products     17,569       -  
Total           $ 37,886     $ 12,012  

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

15. RELATED PARTY BALANCES AND TRANSACTIONS (Continued)

 

Related party transactions

 

Other purchases

 

Name of Related        For the three months ended March 31, 
Party  Relationship  Nature  2023   2022 
               
CTA Nutriceuticals (Asia) Sdn Bhd (“CTA”)  The directors and shareholders of CTA are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY International Wellness Sdn Bhd  Purchase of products for general use  $963   $- 
DSY Beauty Sdn Bhd (“DSY Beauty”)  The directors and shareholders of DSY Beauty are related parties to Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd  Purchase of products for general use   2,307          - 
                 
Total        $3,270   $- 

 

Commission

 

Name of Related        For the three months ended March 31, 
Party  Relationship  Nature  2023   2022 
               
Mr. How Kok Choong  Mr. How Kok Choong, the CEO and director of the Company  Commission expense  $1,956   $2,762 
                 
Total        $1,956   $2,762 

 

 

 

AGAPE ATP CORPORATION

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

(UNAUDITED)

(Currency expressed in United States Dollars (“US$”), except for number of shares)

 

15. RELATED PARTY BALANCES AND TRANSACTIONS (Continued)

 

Related party transactions

 

Office income

 

Name of Related        For the three months ended March 31, 
Party  Relationship  Nature  2023   2022 
               
Redboy Picture Sdn Bhd (“Redboy”)  Mr. How Kok Choong, the CEO and director of the Company is also the director of Redboy  Office rental income  $2,056   $- 
Ando Design sdn Bhd (“Ando”)  Mr. How Kok Choong, the CEO and director of the Company is also the director of Ando  Office rental income   685           - 
                 
Total        $2,741   $- 

 

Other expenses

 

Name of Related        For the three months ended March 31, 
Party  Relationship  Nature  2023   2022 
               
TH3 Technology Sdn Bhd (“TH3”)  Mr. How Kok Choong, the CEO and director of the Company is also a director of TH3  IT support services fee  $14,391   $- 
DSY Wellness and Longevity Center Sdn Bhd (“DSYWLC”)  Mr. Yap Foo Ching (Steve Yap), a director of DSY Wellness International Sdn Bhd is also a director of DSYWLC  Office rental expense   8,224    5,719 
               - 
Total        $22,615   $-