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AMOUNT DUE FROM RELATED PARTIES
12 Months Ended
Dec. 31, 2022
Related Party Transactions [Abstract]  
AMOUNT DUE FROM RELATED PARTIES

5. AMOUNT DUE FROM RELATED PARTIES

 

   2022   2021 
   As of December 31, 
   2022   2021 
Related party F  $-   $331,342 
Related party Q   686    - 
Total amount due from related parties  $686   $331,342 

 

The related party F, Hunan Homestead Asset Management Co., Ltd. is 100% owns by Mr. Chengfu Tan, the father of Mr. Xiaohao Tan. As of December 31, 2022 and 2021, the amount due from him are $0 and $331,342, respectively. It was repaid and settled by the him in the second quarter of year 2022.

 

The amount due from related party Q, Grand Progressive Holdings Limited, is 100% owns by GP Brightlight Foundation (that is 100% owns by Mr. Xiaohao Tan), and it’s also a shareholder of the Company. As of December 31, 2022 and 2021, the amount due from them are $686 and $0, respectively. It was repaid and settled by them in second quarter of year 2023.