v3.26.1
SHORT TERM LOAN RELATED PARTIES
12 Months Ended
Mar. 31, 2026
SHORT TERM LOAN RELATED PARTIES  
SHORT-TERM LOAN - RELATED PARTIES

NOTE 6 – SHORT-TERM LOAN – RELATED PARTIES

 

The following is a list of related parties which the Company had transactions with during the years ended March 31, 2026 and  2025:

 

 

 

Name

 

Relationship

(a)

 

Mr. Zhang Hong

 

President, Director, Chairman of the Board, Chief Executive Officer, Chief Finance Officer, Secretary and Treasurer.

(b)

 

Ms. Wu Fengqun

 

The former major shareholder currently holds 0.15% of the Company's outstanding shares and is considered a related party due to its continued significant influence over certain business operations of the Company.

(c)

 

Ms. Huang Jing

 

The former legal representative of Huizhou Branch currently holds 0.14% of the Company's outstanding shares and is considered a related party due to its continued significant influence over certain business operations of the Company.

(d)

 

Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd

 

Ms. Wu Fengqun serves as the legal representative of this Company.

(e)

 

Shenzhen Yinfu Guohui Sports Development Co., Ltd.

 

A company controlled by Mr. Jiang Libin, the former CEO of the Company

 

Short-term loan of $292,333 consists of two loans from Ms. Wu Fengqun, one loan from Ms Huang Jing, and one loan from Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd.

 

The two loans from Ms. Wu Fengqun, the former major shareholder of the Company, are $164,687 in total, which consists of loan in the amount of $120,741 (RMB834,673), annual fixed interest of $100, and loan in the amount of $43,946 (HKD344,345), annual fixed interest of $50. These two loans were extended to mature on March 31, 2027 without interest.

 

Short-term loan of $103,054 (RMB712,400) refers to the loan from Ms. Huang Jing, a related party of the Company . The loan matures on March 31, 2027 without interest.

 

Short-term loan of $24,592 (RMB170,000) refers to the loan from Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd, a related party of the Company due to the fact that Ms. Wu Fengqun serves as the legal representative of Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd.

 

As of March 31, 2026 and 2025, short-term loan – related parties outstanding was $292,333 and $280,753 respectively.