Short-term loans |
12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Short-term loans | Note 10 – Short-term loans
Outstanding balances on short-term loans consist of the following:
In December 2025, Pinmu Century and its shareholder Hong Wan entered into a loan agreement with Bank of Communications as co-borrowers, obtaining a revolving credit facility of approximately $1,429,981 (RMB 10,000,000). Pursuant to the agreement, the credit facility is available for a period of two years, commencing on December 19, 2025, and expiring on December 19, 2027. As of December 31, 2025, the Company has borrowed $662,955 from the bank. The outstanding loan is bearing interest at a rate of 2.65% per annum and matures in December 2026.
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