Schedule of Bank Loan Payables Represented Amount Due to Various Banks |
Bank loan payables consisted of
the following:
| |
As of June 30, 2025 | | |
As of December 31, 2024 | |
WeBank Co., Ltd. (“WeBank”) | |
$ | 5,654 | | |
$ | 39,547 | |
Xinwang Bank | |
| 18,343 | | |
| 32,006 | |
Guangdong Nanyue Bank Co., Ltd. (“Nanyue Bank”) | |
| - | | |
| 17,981 | |
China Minsheng Bank Corp., Ltd. (“Minsheng Bank”) | |
| 4,642 | | |
| 27,811 | |
Total bank loan payables (current and non-current) | |
$ | 28,639 | | |
$ | 117,345 | |
|
Schedule of Loans Payable to Bank |
Bank | | Loan Agreement Date | | Loan Amount | | | Interest Rate | | | Maturity Date | | Guaranteed by | | Balance at June 30, 2025 | | | Balance at December 31, 2024 | | WeBank | | 2023-03-03 | | | 98,560 | | | | 14.26 | % | | 2025-02-24 | | *Peng Yao, the legal representative of Yifang | | | - | | | | 9,133 | | | | 2023-03-16 | | | 21,120 | | | | 8.35 | % | | 2025-03-24 | | Peng Yao, the legal representative of Yifang | | | - | | | | 2,569 | | | | 2023-03-16 | | | 33,792 | | | | 8.35 | % | | 2025-03-24 | | Peng Yao, the legal representative of Yifang | | | - | | | | 5,137 | | | | 2023-03-20 | | | 42,240 | | | | 8.82 | % | | 2025-03-24 | | Peng Yao, the legal representative of Yifang | | | - | | | | 4,110 | | | | 2023-08-24 | | | 24,077 | | | | 11.16 | % | | 2025-08-24 | | Peng Yao, the legal representative of Yifang | | | 1,989 | | | | 7,809 | | | | 2023-09-25 | | | 29,568 | | | | 12.78 | % | | 2025-09-22 | | Xingbo Wang, the legal representative of Gongwuyuan | | | 3,665 | | | | 10,789 | | NanYue Bank | | 2023-03-16 | | | 98,560 | | | | 8.35 | % | | 2025-03-24 | | Peng Yao, the legal representative of Yifang | | | - | | | | 11,987 | | | | 2023-03-16 | | | 49,280 | | | | 8.35 | % | | 2025-03-24 | | Peng Yao, the legal representative of Yifang | | | - | | | | 5,994 | | China Minsheng Bank | | 2023-03-20 | | | 78,848 | | | | 8.82 | % | | 2025-03-24 | | Peng Yao, the legal representative of Yifang | | | - | | | | 9,590 | | | | 2023-08-24 | | | 56,179 | | | | 11.16 | % | | 2025-08-24 | | Peng Yao, the legal representative of Yifang | | | 4,642 | | | | 18,221 | | Xinwang Bank | | 2024-01-17 | | | 56,163 | | | | 18.00 | % | | 2026-01-17 | | NA | | | 18,343 | | | | 32,006 | | Total bank loan payables | | | | | | | | | | | | | | | | $ | 28,639 | | | $ | 117,345 | | Current portion of bank loan payables | | | | | | | | | | | | | | | | $ | 28,639 | | | $ | 117,345 | |
* | Xingbo
Wang, a related party of the Company, serves as the legal representative of Gongwuyuan. Peng Yao, a related party of the Company, serves
as the legal representative of Yifang. |
|
Schedule of Future Minimum Bank Loan Payments |
As of June 30, 2025, the future minimum bank loan
payments to be paid by year are as follows:
Year Ending | |
Amount | |
June 30, 2026 | |
$ | 29,888 | |
Less: Imputed interest | |
| (1,249 | ) |
Total Bank loan payable | |
$ | 28,639 | |
|