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RELATED PARTIES TRANSACTIONS (Tables)
6 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Schedule of amounts due to related parties
           
      June 30, 2025   December 31, 2024 
Yu Yang  (a)  $558,538   $441,151 
Jiaocheng Xinmu Trade Co., Ltd  (b)   2,391,326    2,346,889 
Taiyuan Tuohang Logistics Co., Ltd  (c)   195,787    117,324 
      $3,145,651   $2,905,364 

 

(a) Amounts due to Yu Yang represent payments made to vendors on behalf of the Company for operational purposes. During the three and six months ended June 30, 2025 and 2024, apart from the exchange differences arising from the translation of RMB balances into U.S. dollar at period-end exchange rates, Yu Yang had paid the operation and administration expenses on behalf of the Company in an aggregate amount of $24,011, $27,748, $117,306 and $116,370, respectively.
   
(b) Amounts due to Jiaocheng Xinmu Trade Co., Ltd represent advances made to the Company for operational purposes. Apart from the exchange differences arising from the translation of RMB balances into U.S. dollar at period-end exchange rates, during the three and six months ended June 30, 2025, there was no transactions incurred between the Company and Jiaocheng Xinmu Trade Co., Ltd. On June 30, 2024, the Company, Shanxi Xiliu and Jiaocheng Xinmu made an arrangement to legally offset the Company’s receivable from Shanxi Xiliu with the payable to Jiaocheng Xinmu in the amount of $1,695,750 (the “Netting Arrangement”).
   
(c) Amounts due to Taiyuan Tuohang Logistics Co., Ltd represent payments made on behalf of the Company for operational purposes. During the three and six months ended June 30, 2025 and 2024, apart from the exchange differences arising from the translation of RMB balances into U.S. dollar at period-end exchange rates, Taiyuan Tuohang Logistics Co., Ltd had paid the operation and administration expenses on behalf of the Company in an aggregate amount of $37,999, $nil, $75,311 and $39,944, respectively