v3.26.1
SIGNIFICANT RELATED PARTY TRANSACTIONS (Tables)
 12 Months Ended
Dec. 31, 2025
Significant Related Party Transactions  
SCHEDULE OF BALANCE DUE TO RELATED PARTIES

 

         2025   2024 
Name  Relationship  Nature  USD   USD 
TUTU Business Services Limited
(BVI)		  Controlling Shareholder  Amounts due to an ultimate beneficial shareholder   289,029    - 
                 
Ms. Liying Wang  Ultimate beneficial shareholder  Amounts due to an ultimate beneficial shareholder   21,667    - 
                 
      Amounts due to an ultimate beneficial shareholder   310,696    - 
                 
Mr. Hok Pan Se  Note (i)  Non-trade payables          
      Long-term loans (Note 14)   -    12,300,650 
      Short-term loans (Note 14)   -    1,142,024 
                 
      Amounts due to an ultimate beneficial shareholder   -    13,442,674 
                 
Mr. Ka Wai Se  Note (ii)  Other borrowings (Note 13(b))   -    183,066 
                 
Mr. Ka Chun Se  Note (iii)  Other borrowings (Note 13(b))   -    242,189 
                 
Prowood (Cambodia) Flooring Co., Ltd  Note (iv)  Contract liabilities   -    1,500,000 
                 
Nature Flooring Industries Inc  Note (v)   Contract liabilities   -    509,042 
                 
Kunshan Yingyi Trading Limited  Note (vi)  Contract liabilities   -    139,113 

 

(i)Mr. Hok Pan Se ceases to be ultimate beneficial shareholder from October 2025 after completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain over the company after the completion of transaction.
(ii)Mr. Ka Wai Se ceases to be related party from October 2025 after the former ultimate beneficial holder completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain by the former ultimate beneficial holder over the company after the completion of transaction.
(iii)Mr. Ka Chun Se ceases to be related party from October 2025 after the former ultimate beneficial holder completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain by the former ultimate beneficial holder over the company after the completion of transaction.
(iv)Prowood (Cambodia) Flooring Co., Ltd ceases to be related party from October 2025 after the former ultimate beneficial holder completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain by the former ultimate beneficial holder over the company after the completion of transaction.
(v)Nature Flooring Industries Inc ceases to be related party from October 2025 after the former ultimate beneficial holder completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain by the former ultimate beneficial holder over the company after the completion of transaction.
(vi)Kunshan Yingyi Trading Limited ceases to be related party from October 2025 after the former ultimate beneficial holder completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain by the former ultimate beneficial holder over the company after the completion of transaction.
SCHEDULE OF RELATED PARTY TRANSACTION

The following table represents the significant related party transactions for the years ended December 31, 2025, 2024 and 2023.

   

      2025   2024   2023 
Name  Nature  USD   USD   USD 
Mr. Hok Pan Se(i)  Interest expense on shareholder loans   18,999    73,102    197,066 
Mr. Hok Pan Se(i)  Interest expense on convertible bonds   -    -    71,865 
Fo Shan Sunde Daziran Investment Management Limited(ii)   Lease payments made   -    -    55,263 
Fo Shan Sunde Changcheng Management Limited(iii)  Lease payments made   -    20,535    6,523 
Nature Flooring Industries Inc(iv)  Revenue   24,077    -    - 
Prowood (Cambodia) Flooring Co., Ltd(v)  Revenue   4,889,874    -    - 
Taizhou Nature Home Furnishings Co., Ltd (vi)  Revenue   21,820    -    - 

 

(i)Mr. Hok Pan Se ceases to be ultimate beneficial shareholder from October 2025 after completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain over the company after the completion of transaction.
(ii)Fo Shan Sunde Daziran Investment Management Limited ceases to be related party from October 2025 after the former ultimate beneficial holder completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain by the former ultimate beneficial holder over the company after the completion of transaction.
(iii)Fo Shan Sunde Changcheng Management Limited ceases to be related party from September 2024 after the former ultimate beneficial shareholder lose the control over this related company.
(iv)Nature Flooring Industries Inc ceases to be related party from October 2025 after the former ultimate beneficial holder completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain by the former ultimate beneficial holder over the company after the completion of transaction.
(v)Prowood (Cambodia) Flooring Co., Ltd ceases to be related party from October 2025 after the former ultimate beneficial holder completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain by the former ultimate beneficial holder over the company after the completion of transaction.
(vi)Taizhou Nature Home Furnishings Co., Ltd ceases to be related party from October 2025 after the former ultimate beneficial holder completed the transfer of the company’s share to the new ultimate beneficial shareholder and no control or significant influence remain by the former ultimate beneficial holder over the company after the completion of transaction.