DUE TO RELATED PARTIES

9 Months Ended

Sep. 30, 2023

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES

NOTE 10 – DUE TO RELATED PARTIES

Due to related parties consisted of the following:

	September 30,		December 31,
	2023		2022
	(Unaudited)
Mr. Yang Wang (1)	$	434,834	$	417,609
Mr. Jun Wang (2)		1,046,267		639,443
Ms. Huang Li (3)		53,480		56,565
Mr. Jin Wei (4)		10,000		—
Total	$	1,544,582	$	1,113,617

(1)	Mr. Yang Wang controls 20.85% of the outstanding Class A common stock of Yubo New York and is a director of the Company and Yubo Beijing.
(2)	Mr. Jun Wang controls 33.34% of the outstanding Class A common stock of Yubo New York and is the CEO of the Company and Yubo Beijing.
(3)	Ms. Huang Li is a shareholder of Focus One Technology Group Limited (“Focus One”). Focus One owns 9.62% of the issued and outstanding Class A common stock of the Company.
(4)	Mr. Jin Wei controls 9.62% of the outstanding Class A commons stock of Yubo New York.

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