Note 20. SUBSEQUENT EVENTS

On August 23, 2025, a settlement agreement was signed between the Company and Zhikang Huang to fully settle all claims by paying $300,000 to Zhikang Huang by August 25, 2025 and issuance of 90,000 shares to Zhikang Huang by October 22, 2025. As of the date of this report, the Company had completed the $300,000 settlement payment to Zhikang Huang.

Between July and October 2025, the Company signed six loan agreements with third parties, and borrowed a total of $1.605 million loans from third parties with interest at 12% per annum and one-year term.

In October 2025, the Company signed an interest-free loan agreement with SolarLink Group Inc., a business partner of the Company, pursuant to which the Company borrowed $273,508 with one-year term.

On October 9, 2025, the Company has wired $2,000,000, which are loans from unrelated parties, as part of the settlement cash payment to the Escrow Account set forth in the Settlement Agreement in the class action lawsuit.