| Schedule of Short-term Bank Loans |
| Schedule of Short-term Bank Loans |
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For the Years Ended March 31, |
| Short-term bank loans from: |
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2025 |
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2024 |
| Bank of China(1) |
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$ |
551,215 |
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|
$ |
692,492 |
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| Bank of Jiangxi(2) |
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— |
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393,898 |
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| Bank of Beijing(3) |
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1,378,037 |
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1,384,984 |
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| GanZhou Bank(4) |
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1,376,659 |
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— |
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| China Transportation Bank(5) |
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1,102,429 |
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— |
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| Total |
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$ |
4,408,340 |
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|
$ |
2,471,374 |
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| (1) | In March 2025, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of China for RMB4,000,000 ($0.6 million) at an annual
interest rate of 3.10%. This loan was guaranteed by Ms. Fu Yan, our Director and Chief Executive Officer (CEO) of Jiangxi Ruanyun. |
| (2) | In July 2024, Jiangxi Ruanyun entered into a one-year loan agreement with Bank if Jiangxi for RMB2,000,000 ($0.3 million) at an annual
interest rate of 4.50%. This loan was also pledged with a property of Jiangxi Ruanyun and mortgaged with a patent of Jiangxi Ruanyun,
with a combined estimated market value of RMB10 million ($1.5 million). This loan was repaid in November 2024. |
| (3) | In May 2024, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Beijing for RMB10,000,000 ($1.4 million) at an annual
interest rate of 4.60%. |
| (4) | In November 2024, Jiangxi Ruanyun entered into a one-year loan agreement with Ganzhou Bank for RMB9,990,000 ($1.4 million) at an annual
interest rate of 3.85%. This loan was also pledged with a property of Jiangxi Ruanyun and guaranteed by Ms. Fu Yan, our Director and Chief
Executive Officer and CEO of Jiangxi Ruanyun. |
| (5) | In August 2024, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Construction for RMB8,000,000 ($1.1 million) at
an annual interest rate of 3.35%. This loan was guaranteed by Ms. Fu Yan, our Director and Chief Executive Officer and CEO of Jiangxi
Ruanyun. |
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