NOTE 13 – LONG-TERM BORROWINGS Long-term borrowings consisted of the following
at March 31, 2022:
| Bank Name | |
Amount - RMB | | |
Amount - USD | | |
Issuance Date | |
Expiration Date | |
Interest | |
| Agricultural Bank of China | |
| 9,900,000 | | |
| 1,561,687 | | |
3/17/2022 | |
3/16/2025 | |
| 4.35 | % |
| Agricultural Bank of China | |
| 9,950,000 | | |
| 1,569,574 | | |
3/18/2022 | |
3/05/2025 | |
| 4.35 | % |
| Agricultural Bank of China | |
| 9,850,000 | | |
| 1,553,799 | | |
3/18/2022 | |
2/25/2025 | |
| 4.35 | % |
| Agricultural Bank of China | |
| 9,900,000 | | |
| 1,561,687 | | |
3/18/2022 | |
2/15/2025 | |
| 4.35 | % |
| Agricultural Bank of China | |
| 6,600,000 | | |
| 1,041,124 | | |
3/31/2022 | |
3/25/2025 | |
| 4.35 | % |
| Total | |
RMB | 46,200,000 | | |
$ | 7,287,871 | | |
| |
| |
| | |
The long-term borrowings
are unsecured and no asset was pledged for those borrowings. The Company had no long-term borrowings as of September 30, 2021.
|