Other receivables consisted of the following: | | | As of
March 31,
2026 | | | As of
March 31,
2025 | | | Deposits(a) | | $ | 870,307 | | | $ | 948,559 | | | Others | | | 20,569 | | | | 18,128 | | | Other receivables, net | | $ | 890,876 | | | $ | 966,687 | | | (a) | The Company entered into a joint investment agreement with a third party on September 25, 2024, with a deposit payment of RMB 5.5 million (USD 797,333 as of March 31, 2026). As negotiations remain ongoing, the joint investment had not attained material substantive progress as of March 31, 2026. From December 2025 through February 2026, our Chairman, Mr. Yu Yang served as the legal representative, director and general manager of the aforementioned party. Mr. Yu resigned from all the above-listed positions effective February 26, 2026. |
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