AMOUNT DUE TO RELATED PARTIES

12 Months Ended

Dec. 31, 2024

Amount Due To Related Parties

AMOUNT DUE TO RELATED PARTIES

9. AMOUNT DUE TO RELATED PARTIES

	As of December 31,
	2024		2023
Amount due to related party A	$	44,365	$	27,577
Amount due to related party B		345,086		354,921
Amount due to related party C		22,083		22,712
Amount due to related party D		506,593		520,747
Amount due to related party E		4,796		123,496
Amount due to related party G		248,281		255,358
Amount due to related party H		1,507		-
Amount due to related party I		1,616,016		1,265,159
Amount due to related party J		36,989		38,044
Amount due to related party K		20,893		20,893
Amount due to related party L		327,505		336,840
Amount due to related party M		148,216		130,326
Amount due to related party N		112,337		115,540
Amount due to related party O		-		31,450
Amount due to related party P		260,213		-
Total	$	3,694,880	$	3,243,063

Related party A is Xiaohao Tan, who is director of the Company. For the years ended December 31, 2024 and 2023, a director of the Company advanced $44,365 and $27,577 to the Company, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party B is Changsha Boyi Zhicheng Management Consulting Co., Ltd. which is used be 100% owned by Chengfu Tan till April 7, 2023, who is Xiaohao Tan’s father, and is now 100% owns by their legal representative, Mr. Hui Du, but it’s still significant influence by the Company as of the date of this Report. For the years ended December 31, 2024 and 2023, related party B advanced $345,086 and $354,921 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party C is Ms. Weihong Wan, Assistant and Secretary of Mr. Xiaohao Tan. Ms. Weihong Wan is a shareholder and Legal Company Representative of related party E, related party K and related party O. For the years ended December 31, 2024 and 2023, related party C advanced $22,083 and $22,712 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party D is Ms. Qianwen Zhang, the wife of Mr. Xiaohao Tan. Ms. Qianwen Zhang is also the Legal Company Representative of related party G, Kuaile Motors Camping Site Investment Development Limited. For the years ended December 31, 2024 and 2023, related party D advanced $ 506,593 and $520,747 to the Company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party E is Changsha Kexibeier E-commerce Limited, its Legal Company Representative is Ms. Weihong Wan. For the years ended December 31, 2024 and 2023, related party E advanced $4,796 and $123,496 to the Company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party G is Kuaile Motors Camping Site Investment Development Limited. Mr. Xiaohao Tan and his wife, Ms Qianwen Zhang owns 86.95% and 8% of its equity, respectively. For the years ended December 31, 2024 and 2023, related party G advanced $248,281 and $255,358 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

EZAGOO LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)

Related party H is Hunan Bright Lionrock Mountain Resort Limited. It’s owns by related party J and related party G with equity of 80% and 20%, respectively. For the years ended December 31, 2024 and 2023, the Company had rental expenses of $1,507 and $0 that due to related party I, respectively.

Related party I is Beijing Ezagoo Industrial Development Group Holding Limited. Its two main equity owners are related party N, and Mr. Xiaohao Tan with equity of 71.85% and 21.42%, respectively. For the years ended December 31, 2024 and 2023, related party J advanced $ 1,616,016 and $1,265,159 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party J is Ruiyin (Shenzhen) Financial Leasing Limited. Weihong Wan, Assistant and Secretary of Xiaohao Tan, is a Legal Company Representative of related party K. For the years ended December 31, 2024 and 2023, related party K advanced $36,989 and $38,044 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party K is Ezagoo B&R (HongKong) Industry Development Group Limited, which is 100% owns by Mr. Xiaohao Tan. For the years ended December 31, 2024 and 2023, related party L advanced $20,893 and $20,893 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party L is Hunan Ezagoo Film Co., Limited, which 85% of its equity is owns by Mr. Xiaohao Tan. As of December 31, 2024 and 2023, the Company has $ 327,505 and $336,840 previous years’ advertising production cost payable to related party M, which is unsecured, interest-free with no fixed payment term.

Related party M is Hunan Wancheng Xingyi Industrial Development Co., Limited, which is 100% owns by Mr. Xiaohao Tan. As of December 31, 2024 and 2023, related party N advanced $148,216 and $130,326 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party N is Changsha Little Penguin Culture Communication Co., Limited (formerly known as Hunan Little Penguin Culture Communication Co., Limited), which 95% and 5% of its equity is owns by related party J and Mr. Xiaohao Tan, respectively. As of December 31, 2024 and 2023, related party N advanced $112,337 and $115,540 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party O is Hunan Yuancheng Shengwang Marketing Co., Limited, which 82% of its equity is owns by Mr. Hui Du, the sole owner of related party B, instead of related party J since November 1, 2023, but it’s still significant influence by the Company as of the date of this Report. As of December 31, 2024 and 2023, related party P advanced $0 and $31,450 to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related party P is Chen Zhang , who is the legal representative of Zhicheng Beijing Ezagoo Zhicheng Internet Technology Limited.December 31, 2024 and 2023, related party R advanced $260,213 and $0 to the Company as working capital, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

EZAGOO LIMITED

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

FOR THE YEARS ENDED DECEMBER 31, 2024 AND 2023

(Currency expressed in United States Dollars (“US$”), except for number of shares)