DUE TO RELATED PARTIES

9 Months Ended

12 Months Ended

Sep. 30, 2021

Dec. 31, 2020

DUE TO RELATED PARTIES

NOTE 10 - DUE TO RELATED PARTIES

NOTE 10 – DUE TO RELATED PARTIES

Due to related parties consisted of the following:

	September 30,		December 31,
	2021		2020
	(Unaudited)
Ms. Huang Li (3)	$	60,585	$	-
Mr. Yang Wang (1)		326,667		91,951
World Precision Medicine Technology Inc. (2)		600,000		-
Total	$	987,252	$	91,951

_____________ 

(1)	Mr. Yang Wang controls 21.14% of the outstanding Class A common stock of Yubo New York and is a director of the Company and Yubo Beijing.
(2)	World Precision Medicine Technology Inc. is controlled by MR. Cheung Ho Shun. Cheung Ho Shun purchased 152,284 ordinary shares of Platinum on September 11, 2020 for $750,000 cash.
(3)	Ms. Huang Li is a shareholder of Focus One Technology Group Limited (“Focus One”). Focus One owns 9.75% of the issued and outstanding common stock of the Company.

The due to related parties payables are noninterest bearing and are due on demand.

NOTE 10 – DUE TO RELATED PARTIES

Due to related parties consisted of the following:

	December 31,		December 31,
	2020		2019
Mr. Jun Wang (1)	$	-	$	88,941
Mr. Yang Wang (2)		91,951		4,911
Total	$	91,951	$	93,852

___________ 

(1)	Mr. Jun Wang owns 37.81% of Yubo Beijing capital stock and is the chief executive officer and a director of Platinum and Yubo Beijing.
(2)	Mr. Yang Wang owns 23.64% of Yubo Beijing capital stock and is a director of Platinum and Yubo Beijing.

The due to related parties payables are noninterest bearing and are due on demand.