Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 97

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 6
Chunk 97
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 owned by Huajun Gao and/or Aimin Kong, each a 2.6% beneficial shareholder of the Company from May 31, 2024 and 10.7% beneficial shareholder prior to May 31, 2024      Funds held in trading platform trust account entrusted with Nanjing Jinwang. The funds are unrestricted as to immediate withdrawal and use after the Company’s customers completed the necessary ...      $                     $346,114  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Total                                                                                                                                                                                                                                                                                                                                                                                                                                                                           $                     $346,114  

b. Accounts payable - related parties consist
of the following:

                                     Relationship                                     Nature                        December 31,               December 31,              
                                                                                                                    2024                       2023                      
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Zhongcang Warehouse Co., Ltd.      An 18% subsidiary of the VIE of the Company      Payable for storage fees                        502                        27,885  
  Total                                                                                                             $                 502      $                 27,885  

c. Other payables - related parties consist of the following:

Other payables - related parties are those
nontrade payables arising from transactions between the Company and its related parties, such as payments paid on behalf of the Company.

                   Relationship                                                  December 31,      December 31,           
                                                                                 2024              2023                   
  Mun Wah Wan      Former Chairman of the board of directors of the Company                                          400  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Total                                                                          $                 $                 400  

d. Net revenues - related parties consist
of the following:

                                                       Relationship                                                                                                                                                                                              Nature                                 The Period from                  Year Ended                              
                                                                                                                                                                                                                                                                                                        January 1,                       December 31,                            
                                                                                                                                                                                                                                                                                                        2024 to                          2023                                    
                                                                                                                                                                                                                                                                                                        May 31,                                                                  
                                                                                                                                                                                                                                                                                                        2024                                                                     
  Nanjing Culture                                      Mr. Huajun Gao, the general manager and director of Nanjing Culture, and Mr. Aimin Kong, the vice chairman of Nanjing Culture, each a