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ADVANCES FROM PROSPECTIVE CUSTOMERS DISTRIBUTORS
6 Months Ended
Jun. 30, 2025
ADVANCES FROM PROSPECTIVE CUSTOMERS DISTRIBUTORS  
ADVANCES FROM PROSPECTIVE CUSTOMERS/DISTRIBUTORS

NOTE 9 – ADVANCES FROM PROSPECTIVE CUSTOMERS/DISTRIBUTORS

 

Advances from prospective customers/distributors consists of:

 

 

 

In RMB

 

 

In USD

 

Source of Advance

 

June 30,

2025

 

 

December 31,

2024

 

 

June 30,

2025

 

 

December 31,

2024

 

 

 

(Unaudited)

 

 

 

 

(Unaudited)

 

 

 

Advancer 1

 

¥1,544,748

 

 

¥1,544,748

 

 

$215,623

 

 

$211,630

 

Advancer 2

 

 

550,000

 

 

 

550,000

 

 

 

76,772

 

 

 

75,350

 

Advancer 3

 

 

500,000

 

 

 

500,000

 

 

 

69,792

 

 

 

68,500

 

Advancer 4

 

 

348,000

 

 

 

348,000

 

 

 

48,576

 

 

 

47,675

 

Advancer 5

 

 

50,000

 

 

 

50,000

 

 

 

6,979

 

 

 

6,850

 

Advancer 6

 

 

50,000

 

 

 

50,000

 

 

 

6,979

 

 

 

6,850

 

Advancer 7

 

 

31,012

 

 

 

31,012

 

 

 

4,329

 

 

 

4,249

 

Advancer 8

 

 

31

 

 

 

31

 

 

 

4

 

 

 

4

 

Advancer 9

 

 

21,300

 

 

 

21,300

 

 

 

2,973

 

 

 

2,918

 

 

 

¥3,095,091

 

 

¥3,095,091

 

 

$432,028

 

 

$424,026

 

 

The related verbal agreements between Yubo Beijing and the eight advancers provide for the nine advancers to purchase inventory from Yubo Beijing or enter into such other arrangements with Yubo Beijing as the parties mutually agree. Pending formal approval of any such arrangements, all of the eight remaining  PRC advancers have the right to request the return of their advances.