{"url_path":"/sec/hgyn/10-k/2026/item-13","section_key":"item-13","section_title":"Item 13 **","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-05-08","source_url":"https://www.sec.gov/Archives/edgar/data/1324759/0001493152-26-021954-index.html","accession_number":"0001493152-26-021954","cik":"0001324759","ticker":"HGYN","issuer_name":"HONG YUAN HOLDING GROUP","edgar_url":"https://www.sec.gov/Archives/edgar/data/1324759/0001493152-26-021954-index.html","primary_entity_key":"0001324759","primary_entity_name":"HONG YUAN HOLDING GROUP"},"word_count":397,"has_tables":true,"body_markdown":"**Item\n13**\n**Certain\nRelationships And Related Transactions, And Director Independence.**\n\n \n\nDuring\nthe year ended December 31, 2025, the Company’s current majority shareholder advanced $86,244 to the Company as working capital.\nAs of December 31, 2025 and 2023, the Company owed its current majority shareholder of $338,131 including $64,103 for acquisition of\nHongyuan HK, and $251,887, respectively. The advances are non-interest bearing and are due on demand.\n\n \n\n**Director\nIndependence**\n\n \n\nThe\nBoard currently consists of two members, one of whom, Zhang Haosong, meets the independence requirements of the Nasdaq Stock Market as\npresently in effect.\n\n \n\nTo\ndate, we have not adopted a Code of Ethics applicable to our principal executive officer and principal financial officer. The Company\ndoes not believe that a formal written code of ethics is necessary at this time. We expect that the Company will adopt a code of ethics\nif and when the board of directors deems it is required.\n\n \n\nOur\ndirectors will serve until the next annual meeting of shareholders or until their successors are duly elected and have qualified. Officers\nhold their positions at the pleasure of the board of directors, absent any employment agreement, of which none currently exists or is\ncontemplated. There is no arrangement or understanding between any person pursuant to which any director or officer was or is to be selected\nas a director or officer, and there is no arrangement, plan or understanding as to whether non-management shareholders will exercise\ntheir voting rights to continue to elect directors to our board. There are also no arrangements, agreements or understandings between\nnon-management shareholders that may directly or indirectly participate in or influence the management of our affairs. Our Board of Directors\ndoes not have any committees at this time.\n\n \n\n14\n\n \n\n \n\n**Potential\nConflicts of Interest**\n\n \n\nSince\nwe do not have an audit or compensation committee comprised of independent directors or any independent directors on our board, the functions\nthat such committees would have performed are performed by our directors. Thus, there is a potential conflict of interest, as our directors\nand officers have the authority to determine issues concerning management compensation and audit matters that may impact management decisions.\nWe have disclosed throughout this Annual Report all potential Conflicts of interest involving the Company’s executive officers\nas disclosed in Notes to Financial Statements. We are not aware of any other conflicts of interest with any of our executives or directors."}