PROMISSORY NOTES PAYABLE

3 Months Ended

Mar. 31, 2022

Promissory Notes Payable

PROMISSORY NOTES PAYABLE

NOTE 4 – PROMISSORY NOTES PAYABLE

Promissory notes payable mainly consists of expenses paid directly to the vendors by a non-related party. On October 1, 2021, the Company entered into a promissory note with Wang Xi Chen, a non-related party for the amount he paid on behalf of the company during the year of 2021 for the amount of $8,085. The note bears an interest of 3% per annum and mature on December 31, 2023. On January 1, 2022, the Company entered into two promissory notes with Wang Xi Chen for an amount of $17,691 and $3,630 that he paid on behalf of the Company during the year of 2021. Both note bear an interest of 3% per annum and mature on December 31, 2023. On March 31, 2022, the Company entered into a promissory note with Wang Xi Chen for an amount of $14,344 that he paid on behalf of the Company during the three months ended March 31, 2022. The note bears an interest of 3% per annum and mature on December 31, 2023.

As of March 31, 2022 and December 31, 2021, the balance of promissory notes payable amounts $43,750 and $29,406, respectively.