v3.26.1
Bank Loans
 12 Months Ended
Mar. 31, 2026
Bank Loans [Abstract]  
BANK LOANS

8. BANK LOANS

 

The Company’s bank loans which are all denominated in HKD, consist of:

 

            As of
March 31,		  
    Type   Interest
rate		   Maturity
dates		   2025     2026  
                USD     USD  
Long-term borrowings:                        
The Hongkong & Shanghai Banking Corporation Ltd   Mortgage   HIBOR+1.2%   March 2031     —       2,948,718  
Hang Seng Bank Limited   Mortgage   HIBOR+1.6%   March 2027(1)     302,685       —  
Hang Seng Bank Limited   Mortgage   HIBOR+1.6%   March 2027(1)     488,257       —  
Hang Seng Bank Limited   Mortgage   HIBOR+1.6%   March 2027(2)     134,852       —  
Hang Seng Bank Limited   Mortgage   HIBOR+1.4%   December 2026(2)     185,250       —  
Hang Seng Bank Limited   Mortgage   HIBOR+1.6%   April 2027(2)     280,783       —  
                  1,391,827       2,948,718  
Current portion of long-term borrowings                 685,016       541,519  
Non-current portion of long-term borrowings                 706,811       2,407,199  

 

  (1) The Company early settled the loan in March 2026.
     
  (2) The Company early settled the loan in February 2026.

 

Annual maturities of the Company’s long-term debt which comprise the loan principal payment during the next five years following March 31, 2025 and thereafter are as follows:

 

    Annual
maturities		  
    USD  
Years ending March 31,      
2026     685,016  
2027     694,932  
2028     11,879  
2029     —  
2030 and Thereafter     —  
      1,391,827  

 

Annual maturities of the Company’s long-term debt which comprise the loan principal payment during the next five years following March 31, 2026 and thereafter are as follows:

 

    Annual
maturities		  
    USD  
Years ending March 31,        
2027     541,519  
2028     564,624  
2029     588,715  
2030     613,834  
2031 and Thereafter     640,026  
      2,948,718  

 

JLHK entered into (as renewed or supplemented yearly where required) several banking facilities with banks in Hong Kong. The banking facilities were secured, details of which are set out as follows:

 

  (a) Unlimited joint or personal guarantee by the Controlling Shareholder Mr. Danny Tze Ching Wong and an immediate family member of Mr. Danny Tze Ching Wong; and

 

  (b) Legal charge over properties beneficially owned by JLHK (Note 7), the Controlling Shareholder Mr. Danny Tze Ching Wong and an immediate family member of Mr. Danny Tze Ching Wong.