Company: EZOO
Filing Date: 2025-05-15
Form Type: 10-K
Source: 0001641172-25-010460
Chunk: 246

Company: Ezagoo Ltd
Filing Date: 2025-05-15
Form: 10-K
Item: Item 10
Chunk 246
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Related
party N is Changsha Little Penguin Culture Communication Co., Limited (formerly known as Hunan Little Penguin Culture Communication Co.,
Limited), which 95% and 5% of its equity is owns by related party J and Mr. Xiaohao Tan, respectively. As of December 31, 2024 and 2023,
related party N advanced $112,337 and $115,540 to the Company as working capital and to pay administrative expenses, which is unsecured,
interest-free with no fixed payment term, for working capital purpose.

Related
party O is Hunan Yuancheng Shengwang Marketing Co., Limited, which 82% of its equity is owns by Mr. Hui Du, the sole owner of related
party B, instead of related party J since November 1, 2023, but it’s still significant influence by the Company as of the date
of this Report. As of December 31, 2024 and 2023, related party P advanced $0 and $31,450 to the Company as working capital and to pay
administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

Related
party P is Chen Zhang , who is the legal representative of Zhicheng Beijing Ezagoo Zhicheng Internet Technology Limited.December 31,
2024 and 2023, related party R advanced $260,213 and $0 to the Company as working capital, which is unsecured, interest-free with no
fixed payment term, for working capital purpose.

    F-14

EZAGOO
LIMITED

NOTES
TO CONSOLIDATED FINANCIAL STATEMENTS

FOR
THE YEARS ENDED DECEMBER 31, 2024 AND 2023

(Currency
expressed in United States Dollars (“US$”), except for number of shares)

10.
INCOME TAXES

For
the years ended December 31, 2024 and 2023, the local (United States) and foreign components of income (loss) before income taxes were
comprised of the following:

SCHEDULE
OF LOCAL AND FOREIGN COMPONENTS OF INCOME (LOSS) BEFORE INCOME TAXES 

    For
    the year ended December 31, 

    2024  
    2023 
  
    Tax jurisdictions
    from: 
    $   
    $  
  
    - Local 
     (60,363) 
     (