| RELATED PARTY TRANSACTIONS AND BALANCES |
NOTE 8 — RELATED PARTY TRANSACTIONS AND BALANCES Nature of relationships with related parties: | Name | | Relationship with the Company | | Mr. Haogang Yang | | Director of the Company | | Mori Enterprise Management (Beijing) Partnership | | Controlled by Mr. Haogang Yang | | Qi Fei Shanghai Technology Co., Ltd. | | Controlled by Mr. Haogang Yang | | Mr. Chen Chen | | Former CFO of the Company (through April 29, 2026) | Balances with related parties As of March 31, 2026 and September 30, 2025, the balances with related parties were as follows: | | | March 31, 2026 | | | September 30, 2025 | | | | | (Unaudited) | | | | | | | | US$ | | | US$ | | | Due to a related party | | | | | | | | | | Mr. Haogang Yang | | $ | 23,578 | | | $ | 22,846 | | | | | | | | | | | | | Due from related parties | | | | | | | | | | Mori Enterprise Management (Beijing) | | $ | 145 | | | $ | 140 | | | Yuanjie (Huzhou) Technology Co., Ltd. | | | 28,993 | | | | — | | | Partnership Qi Fei Shanghai Technology Co., Ltd. | | | 19,861 | | | | 19,244 | | | Mr. Chen Chen | | | 7,171 | | | | 6,949 | | | Total | | $ | 56,170 | | | $ | 26,333 | | | (a) | As of March 31, 2026, the balance of Mr. Haogang Yang showed that the amount of payroll payables was $23,578 (RMB 162,644). | | (b) | As of March 31, 2026, the balance of Mori Enterprise Management (Beijing) Partnership $145 (RMB 1,000) , Qi Fei Shanghai Technology Co., Ltd. $19,861 (RMB 137,000) and Yuanjie (Huzhou) Technology Co., Ltd. $28,993 (RMB 200,000) represented interest-free loan for working capital purpose, the balance of Mr. Chen Chen showed that the amount of the petty cash is $7,171 (RMB 49,464). |
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