| RELATED PARTIES BLALANCE |
NOTE 8 – RELATED PARTIES BLALANCE The Company’s related parties balance consisted of the following: (i) Loan to related parties: | | | As of
March 31,
2026 | | | As of
March 31,
2025 | | | Horwath Capital Consultants Limited (a) | | $ | 1,811,524 | | | $ | 1,795,024 | | | Silver Thousand International (b) | | | 4,775 | | | | - | | | River Business Limited (c) | | | 3,894 | | | | - | | | | | $ | 1,820,193 | | | $ | 1,795,024 | | | (a) | The balance is due from Horwath Capital Consultants Limited (“Horwath Capital”), to which the Company’s chairman serves as a director. On November 1, 2019 and December 4, 2019, the Company loaned $851,825 and $1,650,000 to Horwath Capital, respectively. The loan bears an interest rate of 4% and is not guaranteed. The maturity was July 31, 2020. On July 20, 2020 and March 30, 2021, Horwath Capital fully repaid $851,825 and $1,650,000 to the Company, respectively. On April 1, 2022 and April 7, 2022, the company loaned $300,000 and $1,350,000 to Horwath Capital. The loan bears an interest rate of 1% and is not guaranteed. The maturity was September 30, 2026. Horwath Capital signed a repayment plan, under which it is expected to fully settle all principal and interest by July 31, 2031. | | (b) | Silver Thousand International owned 320,000 of our ordinary shares, the balance of due from Silver Thousand International was the represents registration fees advanced by the Company. | | (c) | River Business Limited owned 1,084,028 of our ordinary shares, the balance of due from Silver Thousand International was the represents registration fees advanced by the Company. | (ii) Due to related party: | | | As of
March 31,
2026 | | | As of
March 31,
2025 | | | Due to shareholders | | $ | 367,077 | | | $ | 478,278 | | | | | | | | | | | | | Due to related parties | | $ | 367,077 | | | $ | 478,278 | | | (d) | The balance of due to shareholders mainly due to the principal shareholders of the Company who provide funds for the Company’s operations. The payables are unsecured, non-interest bearing and due on demand. |
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