v3.26.1
Related party transactions and balances
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Related party transactions and balances

 

10 Related party transactions and balances

 

The table below sets forth the major related parties and their relationships with the Company as of December 31, 2024 and 2025:

 

Name of related parties   Relationship with the Company
AE Computer Systems Pte Ltd   100% owned by the founder and Director, Goh Kian Hwa until September 30, 2022
Foodopa Technologies Pte Ltd   100% owned by Goh Kian Hwa’s son, Goh Song Han, who is also the Chief Innovation Officer of the Company.
K.H. Goh Holdings Pte Ltd   100% owned by the founders and Directors: Goh Kian Hwa (50%) and Lung Lay Hua (50%)
Vertical Software Asia Pte Ltd   100% owned by the founders and Directors: Goh Kian Hwa (50%) and Lung Lay Hua (50%)
Xenturion Technology Pte Ltd   90% owned by the founder and Director: Goh Kian Hwa
Goh Kian Hwa   Shareholder, Founder and Director
Lung Lay Hua   Shareholder, Founder and Director
Chew Kim Chwee   Shareholder, director of pre-sales of MSC Consulting

 

Due to related parties

 

The Company rented the office from K.H. Goh Holdings Pte Ltd, for S$138,210, S$138,210 and S$69,105 (US$53,741) for the years ended December 31, 2023, 2024 and 2025, respectively.

 

The Company paid director fees and director’s remuneration to Ms. Lung Lay Hua amounting to S$238,758, S$241,600 and S$247,559 (US$192,518) for the years ended December 31, 2023, 2024 and 2025, respectively. The interest free, unsecured, and due on demand balance due to Ms. Lung was S$207 and S$31,006 (US$24,112).  

 

The Company paid director fees and director’s remuneration to Mr. Goh Kian Hwa amounting to S$237,873, S$241,600 and S$247,569 (US$192,526) for the years ended December 31, 2023, 2024 and 2025, respectively.

 

 

10 Related party transactions and balances (continued)

 

The Company paid director fees and director’s remuneration to Mr. Chew Kim Chwee amounting to S$117,151, S$120,000 and S$121,899 (US$94,797) for the year ended December 31, 2023, 2024 and 2025, respectively.