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 | | |
$ | - | |
|