| Schedule of Short-Term Loans Consisted |
These loans are
secured by collateral or guarantees and are classified as either short-term or long-term based on their respective maturities. | | | | | | | | As of December 31, | | | Financial Institutions | | Loan period | | Interest rate | | | 2025 | | | 2024 | | | | | | | | | | US$ | | | US$ | | | China Minsheng Bank(1)(3) | | February 11, 2025 to February 11, 2026 | | | 3.30 | % | | | 285,996 | | | | - | | | China Minsheng Bank(1)(3) | | June 30, 2025 to June 30, 2026 | | | 3.30 | % | | | 428,994 | | | | - | | | China Minsheng Bank(1)(3) | | September 3, 2025 to September 3, 2026 | | | 3.30 | % | | | 571,992 | | | | - | | | Bank of Rizhao(2) | | April 10, 2025 to April 10, 2026 | | | 3.50 | % | | | 714,990 | | | | - | | | Rural Commercial Bank of Shandong(2) | | September 29, 2025 to September 29, 2026 | | | 3.20 | % | | | 3,574,952 | | | | - | | | Rural Commercial Bank of Shandong(2) | | November 21, 2025 to November 18, 2026 | | | 3.50 | % | | | 714,990 | | | | - | | | XCMG Commercial Factoring (Xuzhou) Co., Ltd(1)(4) | | November 28, 2025 to February 25, 2026 | | | 3.50 | % | | | 500,493 | | | | - | | | XCMG Commercial Factoring (Xuzhou) Co., Ltd(1)(4) | | December 12, 2025 to March 25, 2026 | | | 3.50 | % | | | 171,598 | | | | - | | | Bank of Beijing(1)(3) | | December 29, 2025 to December 29, 2026 | | | 3.10 | % | | | 714,990 | | | | - | | | Industrial and Commercial Bank of China | | March 21, 2025 to March 20, 2026 | | | 3.65 | % | | | 142,998 | | | | - | | | Industrial and Commercial Bank of China | | March 21, 2025 to March 18, 2026 | | | 3.65 | % | | | 285,999 | | | | - | | | Bank of Beijing(1) | | December 25, 2024 to December 25, 2025 | | | 3.10 | % | | | - | | | | 958,995 | | | Rural Commercial Bank of Shandong(1)(2) | | December 2, 2024 to November 26, 2025 | | | 4.35 | % | | | - | | | | 684,997 | | | Bank of Rizhao(1)(2) | | April 17, 2024 to April 10, 2025 | | | 3.70 | % | | | - | | | | 1,095,996 | | | China Minsheng Bank(1)(3) | | August 30, 2024 to August 30, 2025 | | | 4.00 | % | | | - | | | | 684,997 | | | Weihai City Commercial Bank(1) | | February 29, 2024 to February 25, 2025 | | | 3.75 | % | | | - | | | | 1,095,996 | | | Agricultural Bank of China(1)(2) | | September 29, 2024 to September 28, 2025 | | | 3.90 | % | | | - | | | | 1,315,195 | | | Short-term loans | | | | | | | | | 8,107,992 | | | | 5,836,176 | | | | | | | | | | | | | | | | | | | Shenzhen Qianhai WeBank Co., Ltd.(1)(2) | | January 30, 2024 to February 1, 2026 | | | 6.28 | % | | | 40,857 | | | | 234,856 | | | Bank of Weifang(1)(2) | | April 25, 2023 to April 22, 2026 | | | 2.80 | % | | | 100,099 | | | | - | | | Bank of Weifang(1)(2) | | May 10, 2023 to April 22, 2026 | | | 2.80 | % | | | 1,272,683 | | | | 5,480 | | | Rural Commercial Bank of Shandong(1)(2) | | April 28, 2023 to April 27, 2026 | | | 3.50 | % | | | 1,993,393 | | | | 2,740 | | | Current portion of long-term loans | | | | | | | | | 3,407,032 | | | | 243,076 | | | Total short-term loans | | | | | | | | | 11,515,024 | | | | 6,079,252 | | | | | | | | | | | | | | | | | | | Shenzhen Qianhai WeBank Co., Ltd.(1)(2) | | January 30, 2024 to February 1, 2026 | | | 6.28 | % | | | - | | | | 39,143 | | | Bank of Weifang(1)(2) | | April 25, 2023 to April 22, 2026 | | | 2.80%-3.30 | % | | | - | | | | 136,999 | | | Bank of Weifang(1)(2) | | May 10, 2023 to April 22, 2026 | | | 2.80%-3.30 | % | | | - | | | | 1,219,295 | | | Rural Commercial Bank of Shandong(1)(2) | | April 28, 2023 to April 27, 2026 | | | 3.50%-4.10 | % | | | - | | | | 1,909,772 | | | Non-current portion of long-term loans | | | | | | | | | - | | | | 3,305,209 | |
| (1) | The
loans were guaranteed by the CEO, Jie Liu, and/or the family members of the CEO, Yuanqing Liu, Ronglan Sun and Hongyu Hao. |
| (2) | The
loans were secured by various patents, land use rights and construction in progress, real estate. |
| (3) | The
loans were secured by accounts receivable. |
| (4) | The
loans were secured by recourse financing on eligible accounts receivable. |
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