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CONCENTRATION OF RISKS
12 Months Ended
Dec. 31, 2024
CONCENTRATION OF RISKS  
CONCENTRATION OF RISKS

NOTE 11 – CONCENTRATION OF RISKS

 

a) Major customers

 

There are no major customers who accounted for 10% or more of the Company’s revenue for the financial year ended December 31, 2024 and December 2023.

 

b) Major suppliers

 

For year ended December 31, 2024 and 2023, the suppliers who accounted for 10% or more of the Company’s cost of sales and their balances at year ended are presented as follows:

 

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

2024

 

 

2023

 

 

 

Purchase

 

 

Percentage of purchases

 

 

Accounts payable trade

 

Vendor A

 

$1,635,124

 

 

$1,439,569

 

 

 

19.89%

 

 

17.05%

 

$512,811

 

 

$354,170

 

Vendor B

 

$1,321,889

 

 

$1,224,113

 

 

 

16.08%

 

 

14.50%

 

$168,302

 

 

$208,186

 

Vendor C

 

$1,138,814

 

 

$1,467,381

 

 

 

13.85%

 

 

17.38%

 

$160,521

 

 

$252,435

 

 

 

$4,095,827

 

 

$4,131,063

 

 

 

49.82%

 

 

48.93%

 

$841,634

 

 

$814,791