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AMOUNT DUE TO RELATED PARTIES
3 Months Ended 12 Months Ended
Mar. 31, 2022
Dec. 31, 2021
AMOUNT DUE TO RELATED PARTIES    
AMOUNT DUE TO RELATED PARTIES

NOTE 13 - AMOUNT DUE TO RELATED PARTIES

 

 

 

As of

March 31,

2022

 

 

As of

December 31,

2021

 

 

 

 

 

 

 

 

Related parties payable

 

$541,298

 

 

$745,532

 

Director fee payable

 

 

468,000

 

 

 

360,000

 

 

 

$1,009,298

 

 

$1,105,532

 

 

The related party balance of $541,298 represented advances and professional expenses paid on behalf by Director, which consists of $300,063 advance from Dai Zheng, $42,000 advance from Li Zhuo, $10,000 from Che Kean Tat and $189,235 office rental advance from Liu Pijun through Zhiding Network Technology (Beijing) Co Limited (“ZNTB”). It is unsecured, interest-free with no fixed payment term and imputed interest is consider to be immaterial.

 

As of March 31, 2022, the director fee payable of $468,000 represented the accrued of director fees from the appointment date to March 31, 2022.

NOTE 14 - AMOUNT DUE TO RELATED PARTIES

 

 

 

As of

December 31,

2021

 

 

As of

December 31,

2020

 

 

 

 

 

 

 

 

Related parties payable

 

$

745,532

 

 

$276,501

 

Related party loan

 

 

-

 

 

 

140,000

 

Director fee payable

 

 

360,000

 

 

 

-

 

 

 

$1,105,532

 

 

$416,501

 

 

The related party balance of $745,532 represented advances and professional expenses paid on behalf by Director, which consists of $504,297 advance from Dai Zheng, $42,000 advance from Li Zhuo, $10,000 from Che Kean Tat and $189,235 office rental advance from Liu Pijun through Zhiding Network Technology (Beijing) Co Limited (“ZNTB”). It is unsecured, interest-free with no fixed payment term and imputed interest is consider to be immaterial.

 

As of December 31, 2021, the director fee payable of $360,000 represented the accrued of director fees from the appointment date to December 31, 2021.

 

As of December 31, 2021, the related party loan is $nil (2020: $140,000) due to the forgiveness of related party loan from Global Joy Trip Ltd as a result of the Company has been dissolved in January 2021 and the related company has agreed to forgive the loan.