Related party and shareholder transactions (Tables)

3 Months Ended

Mar. 31, 2024

Schedule of related party balances
	March 31, 2024			December 31, 2023
	US$			US$
	(unaudited)
Due from related parties
Value Exchange International Limited (i)		2,361,150			2,401,994
Cucumbuy.com Limited (ii)		80,769			-
SmartMyWays Co., Limited (iii)		79,146			40,098
Retail Intelligent Unit Limited (iv)		28,846			-
TAP Technology (HK) Limited (v)		79,893			73,481
Value Exchange International (Taiwan) Co, Ltd (vi)		27,927			11,972
Value E Consultant International (M) Sdn. Bhd (vii)		-			530,675
		2,657,731			3,058,220
Allowance for amounts due from related parties		(2,527,545	)		(2,527,545	)
		130,186			530,675

Due to a related party
Cucumbuy.com Limited (ii)		-			17,961
Retail Intelligent Unit Limited (iv)		-			36,795
SA-Network Limited (viii)		10,802			10,784
Value X International Pte. Ltd (ix)		1,510			10,014
Smart Reward Express Limited (x)		641			641
Hapi Retail Company Limited (xi)		-			7,454
		12,953			83,649

Schedule of related party transaction

Schedule of related party transaction
	Three Months Ended March 31, 2024			Three Months Ended March 31, 2023
	US$			US$
	(unaudited)			(unaudited)
Service income received from
Cucumbuy.com Limited (ii)		107,023			-
SmartMyWays Co., Limited (iii)		51,244			-
Retail Intelligent Unit Limited (iv)		73,333			-
TAP Technology (HK) Limited (v)		12,821			-
Value Exchange International (Taiwan) Co, Ltd (vi)		-			13,917

Subcontracting fees paid to
Value Exchange International Limited (i)		(56,228	)		(262,125	)
Cucumbuy.com Limited (ii)		(46,154	)		(53,846	)
SmartMyWays Co., Limited (iii)		(42,308	)		(46,154	)
Retail Intelligent Unit Limited (iv)		(23,077	)		(38,462	)
TAP Technology (HK) Limited (v)		(19,231	)		(27,523	)
Value Exchange International (Taiwan) Co, Ltd (vi)		(372	)		(5,516	)
Value E Consultant International (M) Sdn. Bhd (vii)		-			(41,450	)
SA-Network Limited (viii)		(96,380	)		(39,070	)
Value X International Pte. Ltd (ix)		(21,534	)		-

Management fees received from
Value Exchange International Limited (i)		-			20,167
Cucumbuy.com Limited (ii)		-			3,077
SmartMyWays Co., Limited (iii)		-			3,077
Retail Intelligent Unit Limited (iv)		-			3,077
TAP Technology (HK) Limited (v)		-			3,077

(i)

Mr. Kenneth Tan and Ms. Bella Tsang, directors of the Company, are shareholders and a directors of Value Exchange International Limited, a company incorporated in Hong Kong. The balance is unsecured, interest free and repayable on demand.

(ii)

Ms. Bella Tsang, a director of the Company, is a shareholder and a director of Cucumbuy.com Limited, a company incorporated in Hong Kong. The balance is unsecured, interest free and repayable on demand.

(iii)

Ms. Bella Tsang, a director of the Company, is a shareholder and a director of SmartMyWays Co., Limited, a company incorporated in Hong Kong. Mr. Kenneth Tan, a director of the Company, is a director of SmartMyWays Co., Limited. The balance is unsecured, interest free and repayable on demand.

(iv)

Ms. Bella Tsang, a director of the Company, is a shareholder and a director of Retail Intelligent Unit Limited, a company incorporated in Hong Kong. Mr. Kenneth Tan, a director of the Company, is a director of Retail Intelligent Unit Limited. The balance is unsecured, interest free and repayable on demand.

(v)

Ms. Bella Tsang, a director of the Company, is a shareholder and a director of TAP Technology (HK) Limited, a company incorporated in Hong Kong. The balance is unsecured, interest free and repayable on demand.

(vi)

Ms. Bella Tsang, a director of the Company, is a shareholder and a director of Value Exchange International (Taiwan) Co, Ltd, a company incorporated in Taiwan. The balance is unsecured, interest free and repayable on demand.

(vii)

Ms. Bella Tsang, a director of the Company, is a shareholder of Value E Consultant International (M) Sdn. Bhd, a company incorporated in Malaysia. The balance is unsecured, interest free and repayable on demand.

(viii)

Ms. Bella Tsang, a director of the Company, is a shareholder and a director of SA-Network Limited, a company incorporated in England and Wales. The balance is unsecured, interest free and repayable on demand.

(ix)

Ms. Bella Tsang, a director of the Company, is a shareholder and a director of ValueX International Pte. Ltd., a company incorporated in Singapore. The balance is unsecured, interest free and repayable on demand.

(x)

VEI CHN owns 50% shares of Smart Reward Express Limited, an inactive company incorporated in Hong Kong; and Mr. Chan Heng Fai, Mr. Lum Kan Fai and Ms. Bella Tsang, directors of the Company, are directors of Smart Reward Express Limited. The balance is unsecured, interest free and repayable on demand.

(xi)

Ms. Bella Tsang, a director of the Company, is a shareholder and a director of Hapi Retail Company Limited, a company incorporated in Canada. The balance is unsecured, interest free and repayable on demand.

Value Exchange International, Inc. 10-Q/A