Related Party Transactions

6 Months Ended

Jun. 30, 2022

Related Party Transactions [Abstract]

Related Party Transactions

15. Related Party Transactions

(a) Subsidiary

Sincerity Australia Pty Ltd which is incorporated in Australia and Prana Hong Kong Limited which is incorporated in Hong Kong are wholly owned subsidiaries of Sincerity Applied Materials Holdings Corp.

(b) Outstanding balances with related parties

The following balances are outstanding at reporting date in relation to transactions with related parties:

	June 30, 2022 (not reviewed)		December 31, 2021 (not audited)
Loan to Stockholder		571,669	$	514,788

	Three months ended June 30,
	2022 (not reviewed)		2021 (not reviewed)
Purchase from Shanghai Sincerity Co Ltd	$	–	$	–