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DUE TO RELATED PARTIES
9 Months Ended
Sep. 30, 2022
Due To Related Parties  
DUE TO RELATED PARTIES

NOTE 5 – DUE TO RELATED PARTIES

 

All amounts due to related parties are denominated in the original currency of Chinese Yuan, and are all unsecured and interest free. The Company does not intend to repay within twelve months from Sept. 30, 2022. Details of amounts due to related parties are as follows:

DUE TO RELATED PARTIES          
     
Related parties  Sept. 30, 2022   Dec. 31, 2021 
Baishui Dukang Marketing Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company  $351,993   $394,531 
Heyang County Huanghe Bay Resort Hotel Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company   12,155    13,624 
Shaanxi Huanghe Bay Ecological Agriculture Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company   36,608    41,032 
1Baishui Dukang Brand Management Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company   56,599    63,440 
Shaanxi Dukang Liquor Group Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company   57,606    64,567 
Shaanxi Xi Deng Hui Development Stock Co., Ltd., 29.74% equity interest of which is owned by Zhang Hongjun, director and principal shareholder of the Company, and senior executives of which are Wang Shengli, Li Ping and Tian Hailong, directors and shareholders of the Company   858    962 
Shaanxi Dukang Liquor Trading Co., Ltd., controlled by Zhang Hongjun, director and principal shareholder of the Company   114,588    128,436 
Total  $630,407   $706,592