DUE TO RELATED PARTIES

12 Months Ended

Dec. 31, 2023

DUE TO RELATED PARTIES

DUE TO RELATED PARTIES

 NOTE 10 – DUE TO RELATED PARTIES

Due to related parties consisted of the following:  

	December 31,		December 31,
	2023		2022
Mr. Yang Wang (1)	$	446,992	$	417,609
Mr. Jun Wang (2)		1,287,158		639,443
Ms. Huang Li (3)		55,127		56,565
Mr. Jin Wei (4)		30,000		—
Mr. Yanxin Wang		30,000		—
Ms. Lina Fang		10,000		—
Total	$	1,859,276	$	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.