| SCHEDULE OF BANK LOANS |
The
bank loans of the Company consisted of the following:
SCHEDULE OF BANK LOANS
| | |
As of September 30, 2025 |
| | |
Principal Amount | | |
Annual Interest Rate | | |
Contract term |
| Bank of China (1) | |
$ | 253,326 | | |
| 3.35 | % | |
2024/10/16-2025/10/15 |
| Industrial and Commercial Bank
(2) | |
| 1,407,360 | | |
| 2.45 | % | |
2025/3/18-2026/03/17 |
| Industrial and Commercial Bank
(3) | |
| 1,407,360 | | |
| 2.45 | % | |
2025/3/25-2026/03/24 |
| Total loans | |
| 3,068,046 | | |
| | | |
|
| Less: current portion | |
| 3,068,046 | | |
| | | |
|
| Long-term portion | |
$ | - | | |
| | | |
|
| | |
As of September 30, 2024 |
| | |
Principal Amount | | |
Annual Interest Rate | | |
Contract term |
| Shenzhen Qianhai Webank | |
$ | 31,871 | | |
| 8.82 | % | |
2023/4/18-2025/4/17 |
| Shenzhen Qianhai Webank | |
| 19,028 | | |
| 7.94 | % | |
2023/4/18-2025/4/17 |
| Bank of China Chengdu Zijing West Road Sub-branch | |
| 841,967 | | |
| 3.35 | % | |
2024/8/23-2025/8/23 |
| Bank of China Chengdu Zijing West Road Sub-branch | |
| 285,413 | | |
| 3.45 | % | |
2023/11/21-2024/11/20 |
| Total loans | |
| 1,178,279 | | |
| | | |
|
| Less: current portion | |
| 50,899 | | |
| | | |
|
| Long-term loans | |
$ | 1,127,380 | | |
| | | |
|
| (1) |
On November 21, 2023, the
Company obtained a loan of RMB 2
million ($281,472)
from Bank of China Chengdu Hi-Tech Industrial Development Zone Sub-branch, which due November 20, 2024. The loan is guaranteed by Li
Hongliang, chief executive officer of the Company. RMB 100,000
($14,074)
was repaid in October, 2024. RMB 1,900,000
($267,398)
was refinanced and extended to October 15, 2025. RMB 100,000
($14,074)
and RMB 1,800,000
($253,326)
was repaid on September 16, 2025 and October 16, 2025, respectively. |
| (2) |
On March 18, 2025, the Company obtained a loan of RMB 10
million ($1,407,360) from Industrial and Commercial Bank of China Beijing Yayuncun Sub-branch, which is due March 17, 2026. |
| (3) |
On March 25, 2025, the Company obtained a loan of RMB 10
million ($1,407,360) from Industrial and Commercial Bank of China Beijing Yayuncun Sub-branch, which is due March 24, 2026. |
|