v3.26.1
Related Party Transactions
6 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 14 — RELATED PARTY TRANSACTIONS

 

(a) Nature of relationships with related parties

 

Name   Relationship with the Company
Mr. Gang Lai   Chief Executive Officer and chairman of the Company’s Board of Directors
Ms. Lin Yang   Chief Financial Officer of the Company

 

(b) Due to related parties

 

   As of 
Name  March 31, 2026   September 30,
2025
 
   (Unaudited)     
Mr. Gang Lai  $157,207   $446,460 
Ms. Lin Yang   87    85 
Total due to related parties  $157,294   $446,545 

 

As of March 31, 2026, the balance due to related parties mainly consisted of advances from Mr. Gang Lai, the Company’s chief executive officer and the chairman of the board of directors for working capital purposes during the Company’s normal course of business, as well as payment of expenses made by Ms. Lin Yang on behalf of the Company. These advances are unsecured, non-interest bearing and due on demand.

(c) Loan guarantee provided by related parties

 

In connection with the Company’s bank borrowings from commercial banks in China, Mr. Gang Lai and Ms. Lin Yang signed guarantee agreements with these banks to provide credit guarantee for the Company’s certain loans (see Note 12 and 13).