| Schedule of Disposal Group of Financial Statements |
Schedule of Disposal Group of Financial Statements
Assets
and Liabilities of the Disposal
| | |
Mar
31, 2026
(USD) | |
| Cash and cash equivalents | |
| 3,135,050 | |
| Trade and other receivables, net | |
| 795,614 | |
| Inventories | |
| 1,039,416 | |
| Income taxes receivable | |
| (442 | ) |
| Property and equipment, net | |
| 16,437,583 | |
| Total
assets held for sale | |
| 21,407,221 | |
| Trade and other payables | |
| 2,819,424 | |
| Banker’s acceptance — short
term | |
| 1,216,780 | |
| Hire purchase obligations | |
| 111,338 | |
| Amount due to ultimate holding company | |
| 12,793,920 | |
| Total liabilities held
for sale | |
| 16,941,462 | |
| Net
assets of the disposal | |
| 4,465,759 | |
|
Schedule
of Disposal Group of Financial Statements
Assets
and Liabilities of the Disposal
| | |
Note | |
2025 | | |
2024 | |
| | |
| |
(USD) | | |
(USD) | |
| Assets: | |
| |
| | | |
| | |
| Cash and cash equivalents | |
| |
| 3,135,050 | | |
| 1,701,167 | |
| Trade and other receivables, net | |
| |
| 795,614 | | |
| 579,260 | |
| Inventories | |
| |
| 1,039,416 | | |
| 609,332 | |
| Income taxes receivable | |
| |
| (442 | ) | |
| 13,880 | |
| Property and equipment, net | |
| |
| 16,437,583 | | |
| 15,832,453 | |
| Total assets held for sale | |
| |
| 21,407,221 | | |
| 18,736,092 | |
| | |
| |
| | | |
| | |
| Liabilities: | |
| |
| | | |
| | |
| Trade and other payables | |
| |
| 2,819,424 | | |
| 1,941,697 | |
| Banker’s acceptance — short term | |
| |
| 1,216,780 | | |
| 2,039,890 | |
| Hire purchase obligations | |
| |
| 111,338 | | |
| 227,849 | |
| Amount due to ultimate holding company | |
| |
| 12,793,920 | | |
| 14,245,034 | |
| Total liabilities held for sale | |
| |
| 16,941,462 | | |
| 18,454,470 | |
| | |
| |
| | | |
| | |
| Net assets of the Disposal | |
| |
| 4,465,759 | | |
| 281,622 | |
Results
of the Disposal
| | |
Note | |
2025 | | |
2024 | |
| | |
| |
(USD) | | |
(USD) | |
| Revenue | |
| |
| 66,623,781 | | |
| 54,777,343 | |
| Cost of revenues | |
| |
| (62,151,255 | ) | |
| (52,197,437 | ) |
| Gross profit | |
| |
| 4,472,526 | | |
| 2,579,906 | |
| Operating expenses | |
| |
| (1,903,911 | ) | |
| (1,656,639 | ) |
| Income before income taxes | |
| |
| 2,568,615 | | |
| 923,267 | |
| Income tax expense | |
| |
| (11,065 | ) | |
| (2,148 | ) |
| Net income from discontinued operations | |
| |
| 2,557,550 | | |
| 921,119 | |
|