| 30. | RELATED PARTIES PAYABLE |
| (1) | Nature of relationship with related parties |
| Name | Relationship with the Group | ||
| Yan, Keyan | Chairman, Director, and CEO | ||
| Chen, Bizhen | Wife of Yan, Keyan | ||
| KBS International | Ex-shareholder of Hongri | ||
| Shishi City Lingxiu Hongri Knitwear Factory | Company owned by Chen, Bizhen |
| (2) | Significant balances between the Group and the above related parties: |
| As at December 31, | |||||||||||
| Name | Nature | 2017 | 2016 | ||||||||
| Yan, Keyan | Borrowing of funds | 154,137 | 1,125.912 | ||||||||
| Chen, Bizhen | Borrowing of funds | - | 24,416 | ||||||||
| 154,137 | 1,150,328 | ||||||||||
Related parties payables were unsecured, non-interest bearing and repayment on demand.
During 2017, Mr. Yan and Ms. Chen provided personal guarantees for the loans as set forth in Note 31.
*The Company entered into a lease arrangement for office space with this related party in 2010. The breakdown of the commitment to the lease is disclosed in note 35.