NOTE 7 – SHORT-TERM BORROWINGS |
3 Months Ended | ||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||
| Debt Disclosure [Abstract] | |||||||||||||||||||||||||||||||||||||
| NOTE 7 – SHORT-TERM BORROWINGS | NOTE 7 – SHORT-TERM BORROWINGS
As of March 31, 2026, the Company’s subsidiary AI UltraProd had one-year loans with a total principal amount of RMB 22,500,000 (equivalent to US$3,261,815) from banks in the PRC, with interest rates ranging from 3.15% to 6.53% per annum. Interest payments are due quarterly.
Short-term borrowings are as follows:
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