EZCL~~The Company does not lease or rent any property. Office services are provided without charge by a director. Such costs are immaterial to the financial statements and, accordingly, have not been reflected therein. The officers and directors of the Company are involved in other business activities and may, in the future, become involved in other business opportunities. If a specific business opportunity becomes available, such persons may face a conflict in selecting between the Company and their other business interests. The Company has not formulated a policy for the resolution of such conflicts.
During the nine months ended September 30, 2018, Mr. Lim Kor Kiat contributed capital of $51,135 for operating expenses. This contribution is not expected to be repaid. Ezy Cloud recorded this as a capital contribution.