The
table below sets forth the major related parties and their relationships with the Company as of December 31, 2025 and 2024:
Schedule of related party with their relationships and transactions
| Name
of related parties |
|
Relationship
with the Company |
| DLG
Ventures Pte. Ltd. |
|
Shareholder
as of December 31, 2024. |
| Zou
Junming Terence |
|
Director,
CEO |
| Atoll
Discovery Pte Ltd |
|
Joint
venture |
i)
Significant transactions with related parties were as follows:
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
Year ended December 31, | |
| | |
2023 | | |
2024 | | |
2025 | | |
2025 | |
| | |
S$’000 | | |
S$’000 | | |
S$’000 | | |
US$’000 | |
| Interest expense on note from a shareholder | |
| 171 | | |
| 37 | | |
| - | | |
| - | |
| Advances to a joint venture | |
| - | | |
| - | | |
| 1,669 | | |
| 1,298 | |
| Share-based payment to CEO | |
| - | | |
| - | | |
| 10,184 | | |
| 7,919 | |
| Total | |
| 171 | | |
| 37 | | |
| 11,853 | | |
| 9,217 | |
ii)
Significant balances with related parties were as follows:
| |
|
December 31,
2024 |
|
|
December
31,
2025 |
|
|
December
31,
2025 |
|
| |
|
S$’000 |
|
|
S$’000 |
|
|
US$’000 |
|
| |
|
|
|
|
|
|
|
|
|
| Advances
to a joint venture |
|
|
- |
|
|
|
1,669 |
|
|
|
1,298 |
|
| Total |
|
|
- |
|
|
|
1,669 |
|
|
|
1,298 |
|
|