⁽¹⁾ All balances with the related parties as of March 31, 2026 and 2025 were unsecured, interest-free and had no fixed terms of repayments.

⁽²⁾ The amounts due from Mr. Cong Zhao were advances made for a business project, which were repaid in full as of the date of the filing of this annual report with the SEC.

⁽³⁾ The amounts due to Ms. Yan Fu primarily consisted of (1) the operating lease expenses paid on behalf of the Company by Ms. Yan Fu and (2) sales commissions owed her.

^{(4) The accounts receivable balance as of March 31, 2026 is presented net of a $9,985 allowance for credit losses. This allowance, together with the $1,742,065 addition to the allowance for third-party accounts receivable shown in Note 4, reconciles to the $1,752,050 provision for credit losses presented in the consolidated statement of cash flows. As of July 20, 2026, approximately $0.15 million, or 45%, of the net accounts receivable balance from Nanchang Institute of Science & Technology as of March 31, 2026 had been collected.} 

⁽⁵⁾ The amounts due to Nanchang Institute of Science & Technology primarily consisted of the utility expenses paid on behalf of Jiangxi Yunxiaotong.