XML 78 R13.htm IDEA: XBRL DOCUMENT v3.26.1
RELATED PARTY TRANSACTIONS AND BALANCES
3 Months Ended
Mar. 31, 2026
RELATED PARTY TRANSACTIONS AND BALANCES  
RELATED PARTY TRANSACTIONS AND BALANCES

NOTE 6 – RELATED PARTY TRANSACTIONS AND BALANCES

 

1)      Nature of relationships with related parties

 

The table below sets forth the major related parties and their relationships with the Company, with which the Company entered into transactions for the three months ended March 31, 2026 and 2025 and recorded balances as of March 31, 2026 and December 31, 2025, respectively.

 

Name of Related Party

 

Relationship to the Company

Mengqing Fan

 

Director of Transuite.Org. Inc.

Xiaohuan Song

 

Director of Goldfinch Group Holdings Ltd. and Goldfinch Group Co., Ltd. (Hong Kong)

Hailiang Li

 

Director of Xirangsheng (Shenzhen) Health Technology Co., Ltd. and Solan (Shenzhen) Technology Co., Ltd.

Zeng Lianghui

 

Director of Goldfinch-Chong (Fuzhou) Technology Co., Ltd.

Qianglong Zeng

 

Former Director of Transuite.Org. Inc. resigned on February 12, 2026

 

2) Balances with related parties

 

 

 

As of

 

 

As of

 

 

 

March 31, 2026

 

 

December 31, 2025

 

Amount due from related party

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-trade

 

 

 

 

 

 

Amount due from Mengqing Fan

 

$19,801

 

 

$8,901

 

 

 

$19,801

 

 

$8,901

 

Amount due to related parties

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Non-trade

 

 

 

 

 

 

 

 

Amount due to Xiaohuan Song

 

$1,786

 

 

$1,785

 

Amount due to Zeng Lianghui

 

 

1,450

 

 

 

1,430

 

Amount due to Hailiang Li

 

 

12,102

 

 

 

8,467

 

 

 

$15,338

 

 

$11,682

 

 

3) Transactions with related parties

 

 

 

For the

 

 

For the

 

 

 

three months ended

 

 

three months ended

 

 

 

March 31, 2026

 

 

March 31, 2025

 

 

 

 

 

 

 

 

Advancement from Mengqing Fan for Transuite.Org. Inc. operation expenses

 

$-

 

 

$9,606

 

Repayment to Mengqing Fan for her advancement to Transuite Org.

 

$(10,900)

 

$-

 

Advancement from Hailiang Li for Xirangsheng Health Technology operation expenses

 

$360

 

 

$-

 

Advancement from Hailiang Li for Solan (Shenzhen) Technology Co., Ltd.operation expenses

 

$3,275

 

 

$-

 

Stock-based compensation expense incurred from issuance of common stock to Qianglong Zeng for services

 

$11,096

 

 

$-