| OTHER RECEIVABLE |
NOTE 6 — OTHER RECEIVABLE
Other receivable consists of the following:
| |
|
As of |
|
| |
|
March 31, 2026 |
|
|
September 30, 2025 |
|
| |
|
(Unaudited) |
|
|
|
|
| Deposit for acquisition company (1) |
|
$ |
5,223,594 |
|
|
$ |
- |
|
| Prepaid value added tax |
|
|
839,551 |
|
|
|
1,023,084 |
|
| Prepayment for advertising |
|
|
547,533 |
|
|
|
843,777 |
|
| Prepayment for property, plant and equipment |
|
|
259,698 |
|
|
|
136,185 |
|
| Prepayment for research and development |
|
|
28,994 |
|
|
|
99,733 |
|
| Others |
|
|
281,361 |
|
|
|
177,901 |
|
| Total other receivable |
|
$ |
7,180,731 |
|
|
$ |
2,280,680 |
|
| | (1) | On June 17, 2026, the Company entered into a Share Purchase Agreement
(the “SPA”) with Ms. Lu Shanshan (“Ms. Lu”), pursuant to which the Company agreed to acquire 100% of the issued
shares (the “Target Shares”) of Best Praise International Limited (the “Target”) for a consideration of US$10,751,000,
payable entirely through the issuance of 4,376,552 of the Company’s Class A ordinary shares (the “Consideration Shares”)
to Ms. Lu or her designated recipients, subject to the terms and conditions set forth in the SPA. The Company prepaid $5,223,594 as a
security deposit for the SPA as of March 31, 2026. As of the date of this report, 70% of the deposit, or $1,043,142, has been subsequently
collected. The remaining 30% of the deposit, or $447,061, will be repaid within five business days after the Company completes the registration,
transfer, and settlement of the Consideration Shares and Ms. Lu obtains ownership of the Consideration Shares. |
|