NOTE 5 – SHORT-TERM LOAN – RELATED PARTIES

Short-term loan of $283,552 consists of two loans from Ms. Wu Fengqun, one loan from Mr Huang Jing, and one loan from Shenzhen Qianhai Yinfu Min’an Financial Services Co., Ltd., a company controlled by Mr.Jiang, Libin.

Mr. Jiang Libin is the former President and director of the Company.

The two loans from Ms. Wu Fengqun, the former major shareholder of the Company, are $160,378 in total, which consists of loan in the amount of $116,513 (RMB834,673), annual fixed interest of $100, maturity date of April 11, 2020; and loan in the amount of $43,865 (HKD344,345), annual fixed interest of $50, maturity date of April 11, 2020. These two loans were extended to mature on March 31, 2026 without interest.

Short-term loan of $99,444 (RMB712,400) refers to the loan from Mr. Huang Jing, a related party of the Company and a legal representative of the Company’s subsidiary Yinfu International Holdings Limited Huizhou Branch. The loan matures on March 31, 2026 without interest.

Short-term loan of $23,730 (RMB170,000) refers to the loan from Shenzhen Qianhai Yinfu Min’an Financial Services Co., Ltd, a  former related party of the Company due to its 90% shares was owned by Mr. Jiang, Libin.

As of June 30, 2025 and March 31, 2025, short-term loan – related parties outstanding was $283,552 and $280,753 respectively.