Company: OCG
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001213900-25-043484
Chunk: 159

Company: Oriental Culture Holding LTD
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 159
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,           
                                                                                 2024              2023                   
  Mun Wah Wan      Former Chairman of the board of directors of the Company                                          400  
 ──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Total                                                                          $                 $                 400  

F-28

ORIENTAL
CULTURE HOLDING LTD. AND SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

                                                       Relationship                                                                                                                                                                                              Nature                                 The Period from                                  Year Ended                              
                                                                                                                                                                                                                                                                                                        January 1, 2024 to May 31, 2024                                                          
                                                                                                                                                                                                                                                                                                                                                         December 31,                            
                                                                                                                                                                                                                                                                                                                                                                                                 
                                                                                                                                                                                                                                                                                                                                                         2023                                    
  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 2.6% beneficial shareholder of the Company from May 31, 202...      Technological service fee revenue      $                                    12,824      $                 39,643        29,934  
  Jinling Cultural                                     It is controlled or 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                     Technological service fee revenue                                           -                             -             21,542  
  Hunan Huaqiang Artwork Trading Center Co., Ltd.      49% owned by Jinling Cultural                                                                                                                                                                             Technological service fee revenue                                           -                             -             17,091  
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Kashi Jinwang Art Purchase E-commerce Co., Ltd.      100% owned by Nanjing Jinwang                                                                                                                                                                             Technological service fee revenue                                           41,809                        104,966       97,758  
  Total                                                                                                                                                                                                                                                                                                 $                                    54,633      $                 144,609      166,325  

e. Cost of revenues - related party consists of the following:

                                     Relationship                                     Nature            Year Ended                    Year Ended                    Year Ended    
                                                                                                        December