| Schedule of short-term debt |
Short-term bank loans are working capital loans from banks in China. Short-term bank loans as of December 31, 2025 consisted of the following: | | | | | | | | | | | | | | | | | | | | | Effective | | | | | | | | | | | | | Guarantors/ | | Interest | | Issuance | | Expiration | | Amount- | | Amount- | Lender | | Company | | Collateral | | Rate | | Date | | Date | | RMB | | US$ | Bank of Communications | | Nanjing Changcheng, | | Baide Suzhou | | 2.80 | % | October 5, 2025 | | August 7,2026 | | 10,000,000 | | 1,430,000 | Bank of Hangzhou | | Nanjing Changcheng, | | Baide Suzhou | | 3.50 | % | February 26,2025 | | February 25,2026 | | 5,000,000 | | 715,000 | Bank of China Taicang Branch | | Baide Suzhou | | Baihui | | 3.00 | % | December 15, 2025 | | June 14, 2026 | | 8,000,000 | | 1,144,000 | China CITIC Bank Suzhou Branch | | Baide Suzhou | | Nanjing Changcheng/Baide capital | | 3.00 | % | December 26,2025 | | March 24,2026 | | 5,000,000 | | 715,000 | China CITIC Bank Suzhou Branch | | Baide Suzhou | | Nanjing Changcheng | | 2.70 | % | December 29,2025 | | September 29,2026 | | 5,000,000 | | 715,000 | China CITIC Bank Suzhou Branch | | Baide Suzhou | | Nanjing Changcheng | | 3.00 | % | December 26,2025 | | December 22,2026 | | 5,000,000 | | 715,000 | Nanjing Bank Jiangning Branch | | Baide Suzhou | | Nanjing Changcheng | | 3.60 | % | February 7,2025 | | February 5,2026 | | 4,950,000 | | 707,850 | Industrial and Commercial Bank of China | | Baide Suzhou | | Nanjing Changcheng | | 3.01 | % | March 18,2025 | | March 13,2026 | | 10,000,000 | | 1,430,000 | China CITIC Bank Suzhou Branch | | Baide Suzhou | | Nanjing Changcheng | | 3.50 | % | March 24,2025 | | March 24,2026 | | 6,000,000 | | 858,000 | China CITIC Bank Suzhou Branch | | Baide Suzhou | | Nanjing Changcheng, | | 3.50 | % | May 14, 2025 | | May 14, 2026 | | 4,000,000 | | 572,000 | Bank of Communications Suzhou Branch | | Baide Suzhou | | Nanjing Changcheng | | 2.80 | % | May 22, 2025 | | May 20, 2026 | | 10,000,000 | | 1,430,000 | Total | | | | | | | | | | | | 72,950,000 | | 10,431,850 |
Bank loans with expiration date before the report date had been repaid subsequently. Short-term bank loans as of December 31, 2024 consisted of the following: | | | | | | | | | | | | | | | | | | | | | | Effective | | | | | | | | | | | | | | Guarantors/ | | Interest | | Issuance | | Expiration | | Amount- | | | Amount- | Lender | | Company | | Collateral | | Rate | | Date | | Date | | RMB | | | US$ | Industrial and Commercial Bank of China | | Baide Suzhou | | Nanjing Changcheng, | | 3.00 | % | January 12,2024 | | January 11,2025 | | 5,000,000 | | | 685,000 | China Merchants Bank | | Baide Suzhou | | Baihui | | 2.55 | % | September 13, 2024 | | March 13,2025 | | 5,000,000 | | | 685,000 | China Merchants Bank | | Baide Suzhou | | Nanjing Changcheng, | | 3.00 | % | November 11,2024 | | March 26,2025 | | 10,000,000 | | | 1,370,000 | China Merchants Bank | | Baide Suzhou | | Baihui | | 2.55 | % | October 31, 2024 | | October 28, 2025 | | 5,000,000 | | | 685,000 | China Merchants Bank | | Baide Suzhou | | Nanjing Changcheng | | 2.55 | % | November 6,2024 | | November 5,2025 | | 5,000,000 | | | 685,000 | China Merchants Bank | | Baide Suzhou | | Nanjing Changcheng | | 2.55 | % | November 7,2024 | | May 5,2025 | | 5,000,000 | | | 685,000 | Jiangsu Bank | | Baide Suzhou | | Nanjing Changcheng | | 3.30 | % | December 4,2024 | | December 3,2025 | | 5,000,000 | | | 685,000 | Bank of China | | Baide Suzhou | | Nanjing Changcheng/Baide capital | | 3.10 | % | December 6,2024 | | December 5,2025 | | 10,000,000 | | | 1,370,000 | China CITIC Bank | | Baide Suzhou | | Nanjing Changcheng | | 3.00 | % | December 25,2024 | | December 25,2025 | | 10,000,000 | | | 1,370,000 | China CITIC Bank | | Baide Suzhou | | Nanjing Changcheng | | 3.00 | % | December 26,2024 | | June 26,2025 | | 10,000,000 | | | 1,370,000 | China CITIC Bank Suzhou Branch | | Baide Suzhou | | Nanjing Changcheng, | | 3.95 | % | May 14, 2024 | | May 14, 2025 | | 4,000,000 | | | 548,000 | China CITIC Bank Suzhou Branch | | Baide Suzhou | | Nanjing Changcheng, | | 4.15 | % | March 27, 2024 | | March 27, 2025 | | 6,000,000 | | | 822,000 | Bank of Communications Suzhou Branch | | Baide Suzhou | | Nanjing Changcheng | | 3.40 | % | May 6, 2024 | | May 6, 2025 | | 5,000,000 | | | 685,000 | Bank of Communications Suzhou Branch | | Baide Suzhou | | Nanjing Changcheng | | 3.40 | % | May 11, 2024 | | May 11, 2025 | | 5,000,000 | | | 685,000 | China Minsheng Bank | | Baide Suzhou | | N/A | | 4.10 | % | April 26, 2024 | | April 25, 2025 | | 3,000,000 | | | 411,000 | Bank of Nanjing | | Nanjing Changcheng | | Baide Suzhou | | 4.05 | % | August 26,2024 | | August 19,2025 | | 2,000,000 | | | 274,000 | Bank of Nanjing | | Nanjing Changcheng | | Baide Suzhou | | 3.85 | % | November 21,2024 | | November 19,2025 | | 3,000,000 | | | 411,000 | Bank of China | | Nanjing Changcheng | | Baide Suzhou | | 3.36 | % | September 26, 2024 | | June 20,2025 | | 3,000,000 | | | 411,000 | Hangzhou Bank | | Nanjing Changcheng | | Baide Suzhou | | 3.90 | % | January 30, 2024 | | January 29, 2025 | | 10,000,000 | | | 1,370,000 | Bank of China Nanjing Hexi Branch | | Nanjing Changcheng | | Baide Suzhou | | 3.36 | % | June 26, 2024 | | June 20, 2025 | | 7,000,000 | | | 959,000 | Total | | | | | | | | | | | | 118,000,000 | | | 16,166,000 |
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