RELATED PARTY TRANSACTIONS

6 Months Ended

Sep. 30, 2020

NOTE 6 - RELATED PARTY TRANSACTIONS

As of September 30, 2020 and March 31, 2020, the Company’s related party relationships and balances are as follows:

Name of the related parties		Nature of relationship
Wenjin Li		CEO of the Company
Hamza Abid		Former president of the Company
Ants Investment Management Pte Ltd.		Controlled by the CEO of the Company
Greating Future Info & Tech Co. Ltd.		Significant owner of the Company
X Capital Investment Pte Ltd.		Significant owner of the Company

Amount due to related parties:

	As of September 30, 2020		As of March 31,
	(Restated)		2020

Wenjin Li	$	1,193	$	-
Hamza Abid		-		63,245
Total	$	1,193	$	63,245

Balance due to related parties primarily represents amount advanced from related parties. These advances are unsecured, interest-free and due on demand. During the six months ended September 30, 2020, The Company repaid $2,300 to Hamza Abid, and Hamza Abid forgave the remaining balance of $60,945 as a result of change in control. See Note 1. The amount forgiven was recorded as an equity transaction.

During the period ended September 30, 2020, the Company signed share purchase agreements with companies to issue shares for cash. The Company received share purchase proceeds as of September 30, 2020 and the shares were issued subsequently. The title of such shares is granted to the parties upon receipt of proceeds. See Note 5.

The following table presents the information regarding the information of share subscription during the period ended September 30, 2020:

	Number of shares		Amount
Ants Investment Management Pte Ltd.		130,489,600	$	130,490
Greating Future Info & Tech Co. Ltd.		75,000,000	$	75,000
X Capital Investment Pte Ltd.		42,000,000	$	42,000

FHT Future Technology Ltd 10-Q/A