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ADVANCE TO SUPPLIERS
6 Months Ended
Jun. 30, 2023
Advance To Suppliers  
ADVANCE TO SUPPLIERS

 

5. ADVANCE TO SUPPLIERS

 

Advance to suppliers mainly represents the amount that certain suppliers require the Company to pay in advance for the purchase of products or for the provision of services. Such advance is appropriated against future purchase orders or future services to be rendered. These advances are interest free, unsecured and short-term in nature.