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20-F false true 2026-03-31 --03-31 false false 001-42576 Ruanyun Edai Technology Inc. E9 No. 698 Jing Dong Avenue ZheJiang University HighTech Campus Nanchang Jiangxi CN 330096 Yan Fu No. 698 Jing Dong Avenue University HighTech Campus Nanchang Jiangxi CN 330096 hu.wei@ruanyun.net 86 0791 88567739 Ordinary Shares, par value $0.0002 per share RYET NASDAQ 35550004 No No Yes Yes Non-accelerated Filer true false false false U.S. GAAP false true We identify and assess material risks from cybersecurity threats to our information systems and the information residing in those systems through ongoing monitoring of our technology environment, review of vulnerabilities and incidents, assessment of third-party hosting and service-provider risks, and consideration of the sensitivity of the education, student, campus, enterprise and institutional data processed by our systems. Our assessment also takes into account the data leakage incident described under “Item 3. Key Information-D. Risk Factors-Risks Related to Our Business and Industry-Unauthorized disclosure, destruction or modification of data, through cybersecurity breaches, computer viruses or otherwise or disruption of our services could expose us to liability, protracted and costly litigation and damage our reputation.” <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90A_ecyd--CybersecurityRiskManagementThirdPartyEngagedFlag_dbT_c20250401__20260331_zAJ30m7JFTo1">We manage material risks from cybersecurity threats through processes and procedures that may include, depending on the applicable system and operating environment, access controls, credential management, network security controls, vulnerability remediation, backup and recovery procedures, cloud and server configuration review, incident identification and escalation procedures, employee awareness, third-party technical support, and internal controls within our accounting and financial reporting functions. Following the 2023 data leakage incident described in this annual report, we implemented remediation measures required by the Cyberspace Affairs Office of Nanchang, including closing relevant external network ports and servers, destroying data and hard disks associated with the affected server, rectifying the relevant server room and cooperating with regulatory inspection and acceptance procedures. As Smart Campus Services, HanLink, Cogni AI and other AI application initiatives expand, our cybersecurity processes must address not only historical student learning data but also campus operations data, institutional and enterprise documents, private-deployment environments, third-party hosting or service-provider risks and international data flows. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_903_ecyd--CybersecurityRiskManagementExpertiseOfManagementResponsibleTextBlock_c20250401__20260331_zATjQqxtj15f">Other than the 2023 data leakage incident described in Item 3.D, which resulted in an administrative fine of RMB 200,000 and remediation measures and which we do not believe materially affected our financial condition or results of operations, we are not aware of any cybersecurity threats or cybersecurity incidents during fiscal year 2026 that have materially affected or are reasonably likely to materially affect us, including our business strategy, results of operations or financial condition. However, future cybersecurity incidents could materially affect us, including through operational disruption, regulatory action, litigation, reputational harm, loss of customers or partners, increased costs or changes to our data and technology practices. Governance <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_900_ecyd--CybersecurityRiskManagementProcessesIntegratedFlag_dbT_c20250401__20260331_zqlCOk7rmXu6">Our board of directors oversees cybersecurity risk management as part of its oversight of enterprise risk management, disclosure controls and compliance. Management reports cybersecurity matters to the board of directors or appropriate board committee when significant cybersecurity risks, incidents or remediation matters arise. <span class="xdx_phnt_RGlzY2xvc3VyZSAtIEN5YmVyc2VjdXJpdHkgUmlzayBNYW5hZ2VtZW50IGFuZCBTdHJhdGVneSBEaXNjbG9zdXJlAA__" id="xdx_90A_ecyd--CybersecurityRiskBoardOfDirectorsOversightTextBlock_c20250401__20260331_zATOUA86vKp7">The board of directors also oversees the Company’s assessment of whether cybersecurity incidents, if any, require disclosure under applicable SEC rules, including through Form 6-K or this annual report. The board of directors’ oversight role includes reviewing management updates regarding significant cybersecurity risks, incident-response matters, remediation status, materiality assessments and related disclosure determinations, including whether any cybersecurity incident requires disclosure under applicable SEC rules. Within management, responsibility for assessing and managing material risks from cybersecurity threats is shared among senior management and technology personnel, including our chief executive officer, chief technology officer and personnel responsible for information systems and data security. These personnel are responsible for identifying, assessing, escalating and responding to cybersecurity risks and incidents, with support from internal staff and external advisors or service providers as appropriate. As of the date of the filing of this annual report with the SEC, other than the 2023 data leakage incident described in this annual report, we have not identified any cybersecurity incidents or cybersecurity threats that have materially affected or are reasonably likely to materially affect us, including our business strategy, results of operations or financial condition. true Other than the 2023 data leakage incident described in Item 3.D, which resulted in an administrative fine of RMB 200,000 and remediation measures and which we do not believe materially affected our financial condition or results of operations, we are not aware of any cybersecurity threats or cybersecurity incidents during fiscal year 2026 that have materially affected or are reasonably likely to materially affect us, including our business strategy, results of operations or financial condition. However, future cybersecurity incidents could materially affect us, including through operational disruption, regulatory action, litigation, reputational harm, loss of customers or partners, increased costs or changes to our data and technology practices. true The board of directors also oversees the Company’s assessment of whether cybersecurity incidents, if any, require disclosure under applicable SEC rules, including through Form 6-K or this annual report. The board of directors’ oversight role includes reviewing management updates regarding significant cybersecurity risks, incident-response matters, remediation status, materiality assessments and related disclosure determinations, including whether any cybersecurity incident requires disclosure under applicable SEC rules. 3487 Audit Alliance LLP Singapore

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153378 197954 4082622 673397 125561 4082622 798958 1320000 Note 1- Organization and Principal Activities Ruanyun Edai Technology Inc. (‘‘Ruanyun’’ or the ‘‘Company’’) was incorporated in the Cayman Islands on March 11, 2021. Through its wholly owned subsidiaries, the variable interest entity (“VIE”) and the VIE’s subsidiaries, Ruanyun provides campus and education services, including smart campus infrastructure, education content and learning resources, examination and assessment services, AI vocational training and campus operations and student-life services, as well as international education and testing and AI application and enterprise solutions. The Company does not conduct substantive operations of its own but conducts its primary business operations through its wholly owned subsidiaries, the VIE and the VIE’s subsidiaries, principally in the People’s Republic of China (‘‘PRC’’ or “China”). The accompanying consolidated financial statements include the financial statements of the Company, its subsidiaries, the VIE and the VIE’s subsidiaries. Reorganization On March 11, 2021, the Company was incorporated with limited liability under the laws of the Cayman Islands. On December 24, 2020, Soft Cloud Technology Limited (“Soft Cloud”) was established in accordance with the law and regulations of Hong Kong and subsequently became the wholly-owned subsidiary of the Company. Soft Cloud is a holding company and holds all the equity interests of Rollingthunder Technology (Jiangxi) Co., Ltd (“WFOE”), which was established in the PRC on January 19, 2021. Jiangxi Ruanyun Technology Co., Ltd. (“Jiangxi Ruanyun) was established on March 27, 2012 under the laws of the PRC. Its main operation includes AI database and testing center development. Jiangxi Ruanyun formed the following subsidiaries subsequent to its establishment: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding: 0pt; width: 24px; text-indent: 0pt"> </td> <td style="padding: 0pt; width: 24px; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Jiangxi Ruanyun Technology Co., Ltd. (Shenzhen Branch) (“Shenzhen Ruanyun”), a company incorporated on March 27, 2017 in the PRC. It is a wholly-owned subsidiary of Jiangxi Ruanyun and mainly operates an AI database. </td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Jiangxi Alphabet Technology Co., Ltd. (“Jiangxi Alphabet”), a company incorporated on February 21, 2017 in the PRC. It is a 70% subsidiary of Jiangxi Ruanyun and mainly operates in paperless testing center development.</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Jiangxi Huizuoye Technology Co., Ltd. (“Huizuoye”), a company incorporated on April 8, 2021 in the PRC. It is a 51.0% subsidiary of Jiangxi Ruanyun and mainly operates in digital publishing.</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Jiangxi Ruanyun Zhitou Education Consulting Co., Ltd. (“Ruanyun Zhitou”), a company incorporated on November 15, 2023 in the PRC. It is a 100% subsidiary of Jiangxi Ruanyun and mainly operates in digital publishing.</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Jiangxi Yunxiaotong Technology Co., Ltd. (“Jiangxi Yunxiaotong”), a company incorporated on September 11, 2025 in the PRC. It is a 51% subsidiary of Ruanyun Zhitou and mainly operates in school catering and accommodation services.</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Gongqing City Yunxiao Bulter Technology Co., Ltd. (“Gongqing Yunxiao”), a company incorporated on September 16, 2025 in the PRC. It is a 100% subsidiary of Jiangxi Yunxiaotong and mainly operates in school catering services.</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Chongqing Huizhi Plan Technology Co., Ltd (“Chongqing Huizhi”), a company incorporated on July 18, 2025 in the PRC. It is a 60% subsidiary of Ruanyun Zhitou and mainly operates in digital publishing and technology services.</td></tr> </table> On April 8, 2021, the WFOE has entered into a series of contractual agreements with Jiangxi Ruanyun and its shareholders, which allow Ruanyun to have controlling financial interest over Jiangxi Ruanyun and receive substantially all the economic benefits and absorb losses of Jiangxi Ruanyun (the “VIE”). Under the United States generally accepted accounting principles (“U.S. GAAP”), Ruanyun was deemed to be the primary beneficiary of the VIE for accounting purposes and must consolidate the VIE. These contractual agreements include an Exclusive Equity Interest Purchase Agreement, an Equity Interest Pledge Agreement, Powers of Attorney, an Exclusive Technical Consulting and Service Agreement and a Supplementary Agreement to Exclusive Technical Consulting and Service Agreement (collectively, the “Contractual Arrangements”). Ruanyun together with its wholly-owned subsidiary Soft Cloud and WFOE and the VIE were under common control before and after the reorganization. The charts below summarize the Company’s corporate legal structure and identify its subsidiaries, the VIE and its subsidiaries as of the date of the filing of this annual report with the SEC: <img alt="" src="image_001.gif" style="height: 751px; width: 624px"/> <table cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfSubsidiaryTableTextBlock_zI3IZDHjJNsj" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Organization and Principal Activities (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Schedule of subsidiaries</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 10.25pt; text-align: center">Name</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: center">Background</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: center">Ownership</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Soft Cloud Technology Limited</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A Hong Kong company formed on December 24, 2020</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Ruanyun Edai Technology Inc.</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Rollingthunder Technology (Jiangxi) Co., Ltd</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on January 19, 2021</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Soft Cloud Technology Limited</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Jiangxi Ruanyun Technology Co., Ltd.</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on March 27, 2012</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">VIE of Rollingthunder Technology (Jiangxi) Co., Ltd</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Jiangxi Ruanyun Technology Co., Ltd. (Shenzhen Branch)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on March 27, 2017</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Jiangxi Ruanyun Technology Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Jiangxi Alphabet Technology Co., Ltd.</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on February 21, 2017</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">70% owned by Jiangxi Ruanyun Technology Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Jiangxi Huizuoye Technology Co., Ltd.</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on April 8, 2021</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">51% owned by Jiangxi Ruanyun Technology Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Jiangxi Ruanyun Zhitou Education Consulting Co., Ltd.</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on November 15, 2023</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Jiangxi Ruanyun Technology Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 31%; padding-left: 10.25pt; text-indent: -7.5pt">Jiangxi Yunxiaotong Technology Co., Ltd</td> <td style="width: 2%; padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="width: 31%; padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on September 11, 2025 </td> <td style="width: 2%; padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="width: 34%; padding-right: 5.65pt; padding-left: 5.65pt">51% owned by Jiangxi Ruanyun Zhitou Education Consulting Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -7.5pt">Gongqing City Yunxiao Bulter Technology Co., Ltd</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on September 16, 2025 </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Jiangxi Yunxiaotong Technology Co., Ltd</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -7.5pt">Chongqing Huizhi Plan Technology Co., Ltd</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on July 18, 2025 </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">60% owned by Jiangxi Ruanyun Zhitou Education Consulting Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -7.5pt">Soft Cloud Smart Technology Company</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A Saudi Arabia company formed on December 15, 2025 </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Ruanyun Edai Technology Inc.</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -7.5pt">Formind Global Holdings Sdn. Bhd*.</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A Malaysia company formed on April 30, 2026 </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> 100% owned by Ruanyun Edai Technology Inc. </td></tr> </table> *This subsidiary was formed after March 31, 2026 and is not reflected in the consolidated financial statements included herein (see also Note 15). The Contractual Arrangements In order to comply with the PRC laws and regulations which prohibit or restrict foreign control of companies involved in provision of value-added telecommunication services and other restricted businesses, the Company operates substantially all of its business through the VIE. Despite the lack of equity ownership, the Company has controlling financial interest of the VIE through the Contractual Arrangements and a parent-subsidiary relationship exists between the Company and the VIE. The equity interests of the VIE are legally held by PRC individuals (the “Nominee Shareholders”). Through the Contractual Arrangements, the Nominee Shareholders of the VIE effectively assign all their voting rights underlying their equity interests in the VIE to the Company, and therefore, the Company has the power to direct the activities of the VIE that most significantly impact economic performance. The Company also has the right to receive economic benefits and absorb losses from the VIE that potentially could be significant to the VIE. Based on the above, the Company consolidates the VIE in accordance with SEC Regulation S-X Rule 3A-02 and Accounting Standards Codification (“ASC”) topic 810-10, Consolidation: Overall. The following is a summary of the key Contractual Arrangements: Exclusive Equity Interest Purchase Agreement Pursuant to the Exclusive Equity Interest Purchase Agreement entered into amongst Jiangxi Ruanyun, the Nominee Shareholders and the WFOE, the Nominee Shareholders granted the WFOE or its designated party, an irrevocable and exclusive right to purchase all or part of the equity interests held by the Nominee Shareholders in Jiangxi Ruanyun at its sole discretion, to the extent permitted under the PRC laws, at an amount equal to the minimum consideration permitted under the applicable PRC law and administrative regulations. Any proceeds received by the Nominee Shareholders from the exercise of the options shall be remitted to the WFOE to the extent permitted under PRC laws. In addition, Jiangxi Ruanyun and the Nominee Shareholders have agreed that without prior written consent of the WFOE, they will not create any pledge or encumbrance on their equity interests in the VIE, or transfer or otherwise dispose of their equity interests in Jiangxi Ruanyun. The term of the agreement is ten years and can be extended by another ten years by the WFOE. Equity Interest Pledge Agreement Pursuant to the Equity Interest Pledge Agreement entered into amongst the WFOE and the Nominee Shareholders, the Nominee Shareholders pledged all of their equity interests in Jiangxi Ruanyun to the WFOE as collateral to secure their obligations. If the Nominee Shareholders breach their respective contractual obligations under the share pledge agreement, the WFOE, as pledgee, will be entitled to rights, including the right to dispose the pledged equity interests entirely or partially. The Nominee Shareholders agreed not to transfer or otherwise create any encumbrance on their equity interests in Jiangxi Ruanyun without prior consent of the WFOE. The Equity Pledge Agreement will remain effective until all the obligations have been satisfied in full. The Company completed the registration of the pledge of equity interests in the VIE with the relevant office of Administration for Market Regulation in accordance with the PRC Property Rights Law. Powers of Attorney Pursuant to the Powers of Attorney entered into by the Nominee Shareholders, each Nominee Shareholder appointed the WFOE to act on behalf of the Nominee Shareholders as exclusive agent and attorney with respect to all matters concerning the shareholding including but not limited to (1) calling and attending shareholders’ meetings of Jiangxi Ruanyun; (2) exercising all the shareholders’ rights, including voting rights; and (3) appointing at its sole discretion, a substitute or substitutes to perform any or all of its rights. The powers of attorney remain irrevocable and continuously valid from the date of execution so long as each Nominee Shareholder remains a shareholder of Jiangxi Ruanyun unless the WFOE issues adverse instructions in writing. Exclusive Technical Consulting and Service Agreement Pursuant to the Exclusive Technical Consulting and Service Agreement entered between the WFOE and Jiangxi Ruanyun, the WFOE, or its designated entities affiliated with it, has the exclusive right to provide Jiangxi Ruanyun with technical support and business support services in return for fees equal to 100% of the consolidated net profits of Jiangxi Ruanyun. The WFOE has sole discretion in determining the service fee charged to the Ruanyun under this agreement. Without the WFOE’s prior written consent, Jiangxi Ruanyun shall not, directly and indirectly, obtain the same or similar services as provided under this agreement from any third party, or enter into any similar agreement with any third party. The WFOE will have the exclusive ownership of all intellectual property rights developed by performance of this agreement. This agreement will remain effective until it is terminated at the discretion of the WFOE or upon the transfer of all the shares of Jiangxi Ruanyun to the WFOE and/or a third party designated by the WFOE. On April 2, 2022, Jiangxi Ruanyun and the WFOE signed a Supplementary Agreement to the Exclusive Technical Consulting and Service Agreement. Pursuant to such Supplementary Agreement, consulting fees can be 100% of Jiangxi Ruanyun’s annual profits, and Jiangxi Ruanyun shall provide the WFOE with a report in relation to such consulting fees within three business days after each year in accordance with such Supplementary Agreement. On October 18, 2022, Jiangxi Ruanyun and the WFOE signed an additional Supplementary Agreement to the Exclusive Technical Consulting and Service Agreement. Pursuant to such Supplementary Agreement, the WFOE shall be obligated to provide financial support to Jiangxi Ruanyun to ensure it meets the cash flow requirements in daily operation and/or offsets any losses incurred during its operation. Risks in relation to the VIE structure In the opinion of the Company’s management, the contractual arrangements among its subsidiaries, the VIE and its shareholders are in compliance with the current PRC laws and legally enforceable. However, uncertainties in the interpretation and enforcement of the PRC laws, regulations and policies could limit the Company’s ability to enforce these contractual arrangements. As a result, the Company may be unable to consolidate the VIE and its subsidiaries in the consolidated financial statements. The Company’s position of being the primary beneficiary of the VIE also depends on the authorization by the shareholders of the VIE to exercise voting rights on all matters requiring shareholders’ approval in the VIE. The Company believes that the agreements on the authorization to exercise shareholders’ voting power are legally enforceable. In addition, if the legal structure and contractual arrangements with the VIE were found to be in violation of any future PRC laws and regulations, the Company may be subject to fines or other actions. The Company believes the possibility that it will no longer be able to control and consolidate the VIE as a result of the aforementioned risks is remote. The following consolidated assets and liabilities information of the VIE and VIE’s subsidiaries as of March 31, 2026 and 2025, and consolidated operating results and cash flows information for the years ended March 31, 2026 and 2025, have been included in the accompanying consolidated financial statements: <table cellpadding="0" cellspacing="0" id="xdx_898_esrt--ScheduleOfCondensedFinancialStatementsTableTextBlock_zYyiqeVg0FZ7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Organization and Principal Activities (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt">Schedule of consolidated assets and liabilities information</td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20260331__srt--StatementGeographicalAxis__custom--ConsolidatedAssetsAndLiabilitiesMember_zrUf0bqDZrIj" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20250331__srt--StatementGeographicalAxis__custom--ConsolidatedAssetsAndLiabilitiesMember_zPLtqT5eKMG1" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_400_ecustom--CurrentAssets_iI_zVZJU5pAdELj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Current assets</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">5,274,653</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">4,278,903</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--AssetsNoncurrent_iI_z44UAQDMyrt8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non-current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">678,269</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,596,095</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--Assets_iI_zhZhnxZhA5J5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">5,952,922</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">5,874,998</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LiabilitiesCurrent_iI_zzhok3qRMyZ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Current liabilities</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">8,897,651</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">6,381,149</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LiabilitiesNoncurrent_iI_zip2lgoNAsO6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non-current liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Liabilities_iI_zN79ITd20FM6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Total liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">8,897,651</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">6,381,149</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20250401__20260331__srt--StatementGeographicalAxis__custom--OperationsActivitiesMember_zax5rwsmC7y6" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20240401__20250331__srt--StatementGeographicalAxis__custom--OperationsActivitiesMember_zjr0taRI9azk" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold"> </td> <td colspan="7" style="font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40B_eus-gaap--Revenues_zkGsBSVWJNy4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-indent: -10pt">Revenue</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">7,481,411</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">6,685,387</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_z4a33lJ02Z0a" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,829,492</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(517,723</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--NetCashProvidedByUsedInOperatingActivities_zhffvjZHNRYe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net cash provided by (used in) operating activities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,043,283</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,819,988</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--NetCashProvidedByUsedInInvestingActivities_zIGGkwMgKIz8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net cash used in investing activities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(64,573</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(162,779</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--NetCashProvidedByUsedInFinancingActivities_zjZWSvkuJ1fk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net cash (used in) provided by financing activities</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(350,610</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,558,088</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" id="xdx_89D_ecustom--ScheduleOfSubsidiaryTableTextBlock_zI3IZDHjJNsj" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Organization and Principal Activities (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Schedule of subsidiaries</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 10.25pt; text-align: center">Name</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: center">Background</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: center">Ownership</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Soft Cloud Technology Limited</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A Hong Kong company formed on December 24, 2020</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Ruanyun Edai Technology Inc.</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Rollingthunder Technology (Jiangxi) Co., Ltd</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on January 19, 2021</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Soft Cloud Technology Limited</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Jiangxi Ruanyun Technology Co., Ltd.</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on March 27, 2012</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">VIE of Rollingthunder Technology (Jiangxi) Co., Ltd</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Jiangxi Ruanyun Technology Co., Ltd. (Shenzhen Branch)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on March 27, 2017</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Jiangxi Ruanyun Technology Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Jiangxi Alphabet Technology Co., Ltd.</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on February 21, 2017</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">70% owned by Jiangxi Ruanyun Technology Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Jiangxi Huizuoye Technology Co., Ltd.</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on April 8, 2021</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">51% owned by Jiangxi Ruanyun Technology Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Jiangxi Ruanyun Zhitou Education Consulting Co., Ltd.</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on November 15, 2023</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Jiangxi Ruanyun Technology Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="width: 31%; padding-left: 10.25pt; text-indent: -7.5pt">Jiangxi Yunxiaotong Technology Co., Ltd</td> <td style="width: 2%; padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="width: 31%; padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on September 11, 2025 </td> <td style="width: 2%; padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="width: 34%; padding-right: 5.65pt; padding-left: 5.65pt">51% owned by Jiangxi Ruanyun Zhitou Education Consulting Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -7.5pt">Gongqing City Yunxiao Bulter Technology Co., Ltd</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on September 16, 2025 </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Jiangxi Yunxiaotong Technology Co., Ltd</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -7.5pt">Chongqing Huizhi Plan Technology Co., Ltd</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A PRC company formed on July 18, 2025 </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">60% owned by Jiangxi Ruanyun Zhitou Education Consulting Co., Ltd.</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -7.5pt">Soft Cloud Smart Technology Company</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A Saudi Arabia company formed on December 15, 2025 </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">100% owned by Ruanyun Edai Technology Inc.</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -7.5pt">Formind Global Holdings Sdn. Bhd*.</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">A Malaysia company formed on April 30, 2026 </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> 100% owned by Ruanyun Edai Technology Inc. </td></tr> </table> *This subsidiary was formed after March 31, 2026 and is not reflected in the consolidated financial statements included herein (see also Note 15). A Hong Kong company formed on December 24, 2020

100% owned by Ruanyun Edai Technology Inc.

A PRC company formed on January 19, 2021

100% owned by Soft Cloud Technology Limited

A PRC company formed on March 27, 2012

VIE of Rollingthunder Technology (Jiangxi) Co., Ltd

A PRC company formed on March 27, 2017

100% owned by Jiangxi Ruanyun Technology Co., Ltd.

A PRC company formed on February 21, 2017

70% owned by Jiangxi Ruanyun Technology Co., Ltd.

A PRC company formed on April 8, 2021

51% owned by Jiangxi Ruanyun Technology Co., Ltd.

A PRC company formed on November 15, 2023

100% owned by Jiangxi Ruanyun Technology Co., Ltd.

A PRC company formed on September 11, 2025

51% owned by Jiangxi Ruanyun Zhitou Education Consulting Co., Ltd.

A PRC company formed on September 16, 2025

100% owned by Jiangxi Yunxiaotong Technology Co., Ltd

A PRC company formed on July 18, 2025

60% owned by Jiangxi Ruanyun Zhitou Education Consulting Co., Ltd.

A Saudi Arabia company formed on December 15, 2025

100% owned by Ruanyun Edai Technology Inc.

A Malaysia company formed on April 30, 2026

100% owned by Ruanyun Edai Technology Inc.

<table cellpadding="0" cellspacing="0" id="xdx_898_esrt--ScheduleOfCondensedFinancialStatementsTableTextBlock_zYyiqeVg0FZ7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Organization and Principal Activities (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt">Schedule of consolidated assets and liabilities information</td><td> </td> <td style="text-align: left"> </td><td id="xdx_491_20260331__srt--StatementGeographicalAxis__custom--ConsolidatedAssetsAndLiabilitiesMember_zrUf0bqDZrIj" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20250331__srt--StatementGeographicalAxis__custom--ConsolidatedAssetsAndLiabilitiesMember_zPLtqT5eKMG1" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_400_ecustom--CurrentAssets_iI_zVZJU5pAdELj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Current assets</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">5,274,653</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">4,278,903</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--AssetsNoncurrent_iI_z44UAQDMyrt8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non-current assets</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">678,269</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,596,095</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--Assets_iI_zhZhnxZhA5J5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Total assets</td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">5,952,922</td><td style="padding-bottom: 2.5pt; text-align: left"> </td><td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td><td style="border-bottom: Black 2.5pt double; text-align: right">5,874,998</td><td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LiabilitiesCurrent_iI_zzhok3qRMyZ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Current liabilities</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">8,897,651</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">6,381,149</td><td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LiabilitiesNoncurrent_iI_zip2lgoNAsO6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non-current liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">—</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Liabilities_iI_zN79ITd20FM6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Total liabilities</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">8,897,651</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td style="border-bottom: Black 1pt solid; text-align: right">6,381,149</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49B_20250401__20260331__srt--StatementGeographicalAxis__custom--OperationsActivitiesMember_zax5rwsmC7y6" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20240401__20250331__srt--StatementGeographicalAxis__custom--OperationsActivitiesMember_zjr0taRI9azk" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold"> </td> <td colspan="7" style="font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40B_eus-gaap--Revenues_zkGsBSVWJNy4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-indent: -10pt">Revenue</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">7,481,411</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 12%; text-align: right">6,685,387</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_z4a33lJ02Z0a" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net loss</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(4,829,492</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(517,723</td><td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--NetCashProvidedByUsedInOperatingActivities_zhffvjZHNRYe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net cash provided by (used in) operating activities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">8,043,283</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(1,819,988</td><td style="text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--NetCashProvidedByUsedInInvestingActivities_zIGGkwMgKIz8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net cash used in investing activities</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(64,573</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(162,779</td><td style="text-align: left">)</td></tr> <tr id="xdx_40C_eus-gaap--NetCashProvidedByUsedInFinancingActivities_zjZWSvkuJ1fk" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net cash (used in) provided by financing activities</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">(350,610</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">1,558,088</td><td style="text-align: left"> </td></tr> </table> 5274653 4278903

678269

1596095

5952922

5874998

8897651

6381149

8897651

6381149

7481411

6685387

-4829492

-517723

8043283

-1819988

-64573

-162779

-350610

1558088

Note 2- Liquidity and Going Concern The accompanying consolidated financial statements have been prepared assuming that the Company will continue as a going concern, which contemplates the realization of assets and the discharge of liabilities in the normal course of business for the foreseeable future. As reflected in the accompanying consolidated financial statements, the Company incurred a net loss of $7.91 million and recorded a cash outflow from operating activities of $9.15 million for the year ended March 31, 2026 and its accumulated deficit was $23.48 million. These factors raised substantial doubt about the Company’s ability to continue as a going concern for the twelve months following issuance of the consolidated financial statements. On April 7, 2025, the Company completed its initial public offering of 3,750,000 ordinary shares at a public offering price of US$4.00 per share. On April 17, 2025, the Company received net cash proceeds from the offering of approximately US$13.5 million. In December 2025, the Company entered into a purchase agreement pursuant to which it may sell up to $100.0 million of ordinary shares from time to time over a 36-month period. In April 2026, the Company completed an equity financing for gross proceeds of approximately $1.73 million. In May 2026, the Company obtained a loan from a bank of approximately $1.4 million to support the Company’s working capital needs. The Company is attempting to improve its business profitability, its ability to generate sufficient cash flow from its operations to meet its operating needs on a timely basis, obtain additional working capital funds through debt and equity financing in order to meet its anticipated cash requirements. Based on the current operating plan, management believes that the cash from operations, existing cash, cash equivalents, and bank loans are sufficient to fund the Company’s operating activities, capital expenditures and other obligations for the next 12 months. The ability of the Company to continue as a going concern is dependent upon its ability to successfully accomplish the plans described in the preceding paragraphs and eventually secure other sources of financing and achieve profitable operations. These consolidated financial statements do not include any adjustments relating to the recoverability and classification of recorded asset amounts or amounts and classification of liabilities that might result from this uncertainty.

3750000

4.00

13500000

Note 3- Summary of Significant Accounting Policies <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(a)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Basis of Presentation</td></tr> </table> The consolidated financial statements of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries have been prepared in accordance with U.S. GAAP and pursuant to the applicable rules and regulations of the Securities and Exchange Commission (“SEC”). <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(b)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Principles of Consolidation</td></tr> </table> The consolidated financial statements include the financial statements of the Company, its subsidiaries, VIE and VIE’s subsidiaries in which WFOE is the primary beneficiary. All significant inter-company transactions and balances between the Company, its subsidiaries and the VIE have been eliminated upon consolidation. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting powers; has the power to appoint or remove the majority of the members of the board of directors; or to cast a majority of votes at the meeting of directors; or has the power to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. A consolidated VIE is an entity in which the Company, or its subsidiary, through contractual agreements, bears the risks of, and enjoys the rewards normally associated with ownership of the entity. In determining whether the Company or its subsidiaries are the primary beneficiary, the Company considers whether it has the power to direct activities that are significant to the VIE’s economic performance, and also the Group’s obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company, through the WFOE holds all the variable interests of the VIEs, and has been determined to be the primary beneficiary of the VIEs. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(c)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Use of Estimates</td></tr> </table> The preparation of the consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reported period in the consolidated financial statements and accompanying notes. Significant accounting estimates include, but not limited to allowances for doubtful accounts, estimated useful lives and impairment of long-live assets, and revenue recognition. Actual results may differ materially from those estimates. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(d)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Foreign Currency</td></tr> </table> The Company’s reporting currency is the United States dollars (‘‘US$’’). The functional currency of the Company and the Company’s subsidiary incorporated in the Hong Kong Special Administrative Region (‘‘HK’’ or “Hong Kong”) is the US$. The functional currency of the Company’s PRC subsidiary, the VIE and its subsidiaries is Renminbi (‘‘RMB’’). The determination of the respective functional currency is based on the criteria of ASC Topic 830, Foreign Currency Matters. The financial statements of the WFOE, VIE and VIE’s subsidiaries are translated from the functional currency to the reporting currency, US$. Assets and liabilities of the WFOE, VIE and VIE’s subsidiaries are translated at the exchange rate at each reporting period end date. Equity is translated at historical rates. Income and expense accounts are translated at the average rate of exchange during the reporting period. The resulting translation adjustments are reported under other comprehensive loss. Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets. Gains and losses resulting from the foreign currency transactions are recorded in the consolidated statements of operations and comprehensive loss during the year in which they occur. RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation. The following table outlines the currency exchange rates that were used in creating the consolidated financial statements in this annual report: <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock_zAeqKiThoIR" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Schedule of currency exchange rates</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20250401__20260331_z6SabckA9sVg" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20240401__20250331_zO9eypX8uBnc" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40C_ecustom--YearendSpotRate_zAuOBUX89pSd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Year-end spot rate</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">6.8980</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">7.2567</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--AverageRate_zdqC4B6gjiy6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Average rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.1019</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.2163</td><td style="text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(e)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Cash and Restricted Cash</td></tr> </table> Cash consists of cash on hand and cash at banks which are unrestricted as to withdrawal or use, and have original maturities less than three months. Restricted cash consists of cash deposited with banks in conjunction with borrowings from banks. Restriction on the use of such cash is imposed by the banks and remains effective throughout the terms of the bank borrowings. Restricted cash is classified as current asset on the Company’s consolidated balance sheets. The balance as of March 31, 2025 was released to cash during the year ended March 31, 2026. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(f)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Accounts Receivable, Net</td></tr> </table> Accounts receivable are reported net of allowance for credit losses, which reflects management’s best estimate of expected credit losses under ASC 326. The Company measures its allowance using a CECL model based on historical loss experience, current conditions, and reasonable and supportable forecasts of future economic conditions. Accounts are written off when management determines that collection is not probable. The change in allowance during the year is recognized as credit loss expense and is presented in the income statement. As of March 31, 2026 and 2025, gross accounts receivable were $4.27 million and $4.86 million, respectively, with an allowance for credit losses of $3.43 million and $1.55 million, respectively, resulting in net accounts receivable of $0.84 million and $3.31 million. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">(g)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Inventories</td></tr> </table> Inventories comprise IT equipment, yet to deliver to customer at the end of the reporting period. Inventories are stated at the lower of cost and net realizable value. Cost is determined using the first-in-first-out basis. Adjustments are recorded to write down the cost of inventories to the estimated net realizable value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. Write-downs, if any, are recorded in cost of revenues in the consolidated statements of operation and comprehensive loss. As of March 31, 2026 and 2025, VIE and VIE’s subsidiaries had inventories in the amount of $18,461 and $59,077, respectively without any inventory write-down. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">(h)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Leases</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries lease office spaces which are classified as short-term leases in accordance with ASC No.842, Leases (“Topic 842”). The lease contracts do not include renewal options. From January 1, 2022, the Company adopted Accounting Standards Update (“ASU”) 2016-02, Lease (FASB ASC Topic 842). The Group has elected the package of practical expedients, which allows the Group not to reassess (1) whether any expired or existing contracts as of the adoption date are or contain a lease, (2) lease classification for any expired or existing leases as of the adoption date and (3) initial direct costs for any expired or existing leases as of the adoption date. Lastly, the Group elected the short-term lease exemption for all contracts with lease terms of 12 months or less. At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Group assesses whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset. The right-of-use assets and related lease liabilities are recognized at the lease commencement date. The Company recognizes operating lease expenses on a straight-line basis over the lease term. Right-of-use of assets The Company recognizes right-of-use assets at the commencement date of the lease (i.e. the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. All right-of-use assets are reviewed for impairment annually. There was no impairment for right-of-use lease assets for the years ended March 31, 2026 and 2025. Lease liabilities Lease liability is initially measured at the present value of the outstanding lease payments at the commencement date, discounted using the Group’s incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise fixed lease payments, variable lease payments that depend on an index or a rate, amounts expected to be payable under a residual value guarantee and any exercise price under a purchase option that the Group is reasonably certain to exercise. Lease liability is measured at amortized cost using the effective interest rate method. It is re-measured when there is a change in future lease payments, if there is a change in the estimate of the amount expected to be payable under a residual value guarantee, or if there is any change in the Group assessment of option purchases, contract extensions or termination options. As of March 31, 2026 and 2025, the Company did not recognize any right-of-use assets or lease liabilities on its consolidated balance sheet, as all lease arrangements qualified as short-term leases under ASC 842. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 4%; padding-right: 5.65pt; padding-left: 5.65pt">(i)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Property and Equipment, Net</td></tr> </table> Property and equipment are stated at cost less accumulated depreciation and impairment. Property and equipment are depreciated at rates sufficient to write off their costs less impairment and residual value (estimated at 5% of cost) over their estimated useful lives on a straight-line basis. Leasehold improvements are depreciated on a straight-line basis over the period of the remaining lease term or their estimated useful lives, if shorter. The estimated useful lives are as follows: <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfImpairedIntangibleAssetsTextBlock_zgT6DHSDsQti" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Schedule of estimated useful lives</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 10.25pt; text-indent: -10pt">Category</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center">Estimated useful lives</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Buildings</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center">20 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Electronic equipment</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"><span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicEquipmentMember__srt--RangeAxis__srt--MinimumMember_zFQITrSQQdkk" title="Estimated useful lives of assets">3-<span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicEquipmentMember__srt--RangeAxis__srt--MaximumMember_zUQx0GRi0di" title="Estimated useful lives of assets">5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Office equipment</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"><span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MinimumMember_zIAhkEw9btYl" title="Estimated useful lives of assets">3-<span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MaximumMember_zu00y0QtwOP" title="Estimated useful lives of assets">5 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Motor vehicles</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember__srt--RangeAxis__srt--MinimumMember_zXgdiyg8izKd" title="Estimated useful lives of assets">4-<span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember__srt--RangeAxis__srt--MaximumMember_zgHsayHun6oe" title="Estimated useful lives of assets">6 years</td></tr> </table> Expenditures for repairs and maintenance are expensed as incurred, whereas the costs of renewals and betterment that extend the useful lives of property and equipment are capitalized as additions to the related assets. Retirements, sales and disposals of assets are recorded by removing the costs, accumulated depreciation and impairment with any resulting gain or loss recognized in the consolidated statements of operation and comprehensive loss. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 4%; padding-right: 5.65pt; padding-left: 5.65pt">(j)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Capitalized Software Development Costs, Net</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries recognize costs to develop its software in accordance with ASC Topic 350-40 (“ASC 350”), Internal-Use Software. Software development costs consist primarily of payroll, depreciation and other overhead expenses incurred by the Company to develop, maintain, monitor and manage the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ products. Costs incurred for the development of software prior to the establishment of technological feasibility are expensed when incurred and are included in research and development expenses. Once a product has reached technological feasibility, all subsequent development costs are capitalized until the product is available for marketing. Technological feasibility is evaluated on a product-by-product basis, but typically encompasses both technical design and documentation and only occurs when the product has a proven ability to operate. The amount of software development costs was amortized over the estimated life of the corresponding product, which is determined to be five years. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(k)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Deferred Offering Costs</td></tr> </table> The Company complies with the requirements of ASC 340-10-S99-1 and SEC Staff Accounting Bulletin Topic 5A, “Expenses of Offering.” Deferred offering costs consist of incremental costs directly attributable to proposed or pending equity offerings, including the Company’s initial public offering (“IPO”) and its Equity Line of Credit (“ELOC”) arrangement. These costs primarily encompass underwriting fees, legal expenses incurred in connection with the preparation and filing of registration statements, financial advisory fees, regulatory registration fees, and other direct expenditures incurred through the balance sheet date. Such costs are deferred and capitalized on the consolidated balance sheets as deferred offering costs. Upon the successful closing of the IPO or draws under the ELOC, these deferred costs will be reclassified and recorded as a reduction of additional paid-in capital against the gross proceeds received. In the event an offering or the ELOC facility is aborted, terminated, or deemed no longer viable, any remaining capitalized deferred offering costs will be immediately charged to the consolidated statements of operations and comprehensive loss as an expense in that period. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">(l)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Long-term Deposits</td></tr> </table> Long term deposits represent deposits made by the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries as a guarantee of the Company’s performance which is required by certain government facilities. The deposits are usually 5% or 10% of the total contract amount and are paid at the inception of the contract. The deposits will be returned when the contractual warranty expires, which is usually three years after the project is accepted by the customer. As of March 31, 2026 and 2025, the balance of long-term deposits was $112,312 and $94,811, respectively. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">(m)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Long-term Investment</td></tr> </table> The Company accounts for its long-term equity investments in privately held entities over which it does not exercise significant influence and does not have a readily determinable fair value in accordance with ASC 321, Investments-Equity Securities. Under the cost method (the measurement alternative), these investments are initially recorded at cost. Subsequent to initial recognition, the carrying value of these investments is carried at cost, less any identified impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Income is recognized only to the extent of distributions received from the net accumulated earnings of the investee subsequent to the date of acquisition. Distributions received in excess of such accumulated earnings are considered a return of investment and are recorded as a reduction to the cost basis of the investment. Management regularly reviews these long-term investments for indicators of impairment, including but not limited to, a significant deterioration in the earnings performance or business prospects of the investee, a significant adverse change in the regulatory or economic environment, or a material down-round financing. If an investment is considered to be impaired, management estimates the fair value of the investment. If the fair value is determined to be less than the current carrying value, and the impairment is assessed to be other-than-temporary, the carrying value is written down to its fair value, and the resulting impairment loss is recognized immediately in the consolidated statements of operations and comprehensive loss. For the years ended March 31, 2026 and 2025, there were no impairments recorded for the long-term investment. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt; text-align: justify">(n)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: justify">Impairment of Long-lived Assets</td></tr> </table> Long-lived assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries had originally estimated. When these events occur, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries evaluate the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries recognize an impairment loss based on the excess of the carrying value of the assets over the fair value of the assets. For the years ended March 31, 2026 and 2025, there was no impairment of capitalized software. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(o)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Fair Value of Financial Instruments </td></tr> </table> Fair value represents the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. Accounting guidance defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. Accounting guidance establishes a three-level fair value hierarchy and requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of input are: Level 1-Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2-Include other inputs that are directly or indirectly observable in the marketplace. Level 3-Unobservable inputs which are supported by little or no market activity. Accounting guidance also describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. Short-term financial assets and liabilities of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries primarily consist of cash, restricted cash, accounts receivable, accounts receivable from related party due from related parties, deferred offering cost, accounts payable, due to related parties, accrued expenses and other current liabilities. For short term bank loans, the fair value approximates their carrying value at the year-end as the fair value is estimated by used discounted cash flow, in which interest rates used to discount the bank loans approximate market rates. As of March 31, 2026 and 2025, the carrying values of these financial instruments approximated to their fair values due to the short-term maturity of these instruments. As of March 31, 2026 and 2025, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries did not have assets or liabilities measured at fair value on a recurring basis in periods subsequent to their initial recognition. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(p)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Revenue Recognition</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries follow ASC 606, Revenue from Contracts with Customers (“ASC 606”), for revenue recognition. ASC 606 establishes principles for reporting information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from an entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized, as performance obligations are satisfied. The following five steps are applied to achieve that core principle: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding: 0pt; text-align: justify; text-indent: 0pt; width: 24px"> </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt; width: 24px">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Step 1: Identify the contract with the customer</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-align: justify; text-indent: 0pt"> </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Step 2: Identify the performance obligations in the contract</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-align: justify; text-indent: 0pt"> </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Step 3: Determine the transaction price</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-align: justify; text-indent: 0pt"> </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Step 4: Allocate the transaction price to the performance obligations in the contract</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-align: justify; text-indent: 0pt"> </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Step 5: Recognize revenue when the company satisfies a performance obligation </td></tr> </table> Historically, the Company, its wholly-owned subsidiaries, the VIE and VIE’s subsidiaries generated revenue primarily from platform development, software customization, content development, software licensing, personalized exercise books, MOTK Pro, and digitization services. As the Company’s business has expanded beyond these legacy SmartExam® and SmartHomework® product lines, management has reclassified revenue operating categories to more accurately reflect the Company’s current operational footprint and commercial strategy. Prior period financial information has been retrospectively reclassified to conform to the current period presentation. The Company’s updated revenue reporting framework comprises three primary operating categories: Campus & Education Services, International Education & Testing, and AI Applications & Enterprise Solutions. Revenue recognition policies are discussed as following: 1. Campus and Education Services <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">a</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-indent: 3.4pt">Smart Campus Infrastructure</td></tr> </table> (i) Testing centers and platform development (SmartHomework® Solution) The VIE and its subsidiaries contract with schools and local educational bureaus to deliver the integrated SmartHomework® solution for a fixed contract price. This service involves constructing, upgrading, and transforming physical A.I. Study Rooms and providing a perpetual software license to the Company’s proprietary academic evaluation technology, A.I. algorithms, and K-12 question bank content. Additionally, the Company provides ongoing, unspecified software updates on a when-and-if-available basis and cloud-based services, including data collection, cleaning, modeling, and analysis. Contracts typically contain up to four distinct performance obligations: (1) construction of the physical A.I. Study Room, (2) provision of a perpetual software license, (3) provision of software-related cloud services, and (4) provision of unspecified software updates. For the construction element, the underlying hardware, software deployment, and installation services are considered capable of being distinct but are not separately identifiable within the context of the contract. The A.I. Study Room functions as an integrated, combined output requested by the customer. Accordingly, these construction components are bundled and accounted for as a single performance obligation. The fixed transaction price is allocated to each performance obligation based on its relative standalone selling price (“SSP”). For deliverables lacking observable inputs, such as cloud services and unspecified updates, management estimates the SSP using judgment and relevant historical data. Revenue allocated to the construction of the A.I. Study Room and the delivery of the functional perpetual software license is recognized at a point in time when the customer executes a formal sign-off and acceptance, marking the transfer of control. Revenue allocated to the software-related cloud services and unspecified updates is deferred and recognized over time on a straight-line basis over the estimated period of performance. These deferred streams were immaterial for the fiscal years ended March 31, 2026 and 2025. Certain contracts mandate a three-year product warranty. The Company has determined that these warranties represent assurance-type warranties under ASC 606 rather than separate performance obligations. Historical warranty costs have been immaterial, and no liability accruals have been deemed necessary. (ii) Software Customization and Content Development The VIE and VIE’s subsidiaries provide software customization and content development services based on customers’ specifications. Contracts of this revenue stream generally do not contain significant financing components or variable consideration. The promised services in each service contract are combined and accounted for as a single performance obligation, as the promised services in a contract are not distinct and are considered as a significant integrated service. The Company recognizes revenue from its software customization and content development service contracts at a point of time when the customers accept the customized software and / or content when the control of such software and / or content is transferred to the customer. Additionally, the Company provides product warranty on customized software. The warranty is not a separate performance obligation because the nature of the warranty is to provide assurance that the software will function as expected and comply with agreed-upon specifications. No warranty is provided for customized content delivered. The VIE and VIE’s subsidiaries have not experienced material warranty costs and, therefore, do not believe an accrual for these costs is necessary. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">b</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Education Content and Learning Resources</td></tr> </table> (i) Personalize Exercise (SmartHomework® and MOTK Pro) The VIE and its subsidiaries offer print-ready versions of the SmartHomework® exercise book, delivering personalized learning materials to students on a daily or weekly basis. Students pay a subscription fee per semester to access these printing services via authorized campus hardware. Revenue is recognized over time on a straight-line basis over the contract term, beginning on the date the student is contractually granted platform printing access. The Company also offers a premium service tier, MOTK Pro, via annual subscriptions sold directly to students or through nationwide corporate business partners. MOTK Pro provides unlimited, multi-subject cloud-based access from personal mobile devices. Subscription revenue is recognized over time on a straight-line basis over the active subscription period, commencing when the student activates the account and content is made available. (ii) Digitization Services The VIE and its subsidiaries provide text-to-digital conversion services to commercial publishers. Each arrangement contains a single performance obligation to deliver completed digital files. Revenue is recognized at a point in time when the digitization project is completed and accepted by the publisher. The Company acts as the principal in these arrangements, maintaining control over production, establishing end pricing, and bearing fulfillment and primary quality risks. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">c</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Examination and Assessment Services (SmartExam® Solution)</td></tr> </table> The VIE and its subsidiaries construct computer-based testing centers for schools, businesses, and local educational bureaus for a fixed transaction price, tailored primarily around the Academic Proficiency Assessment Test. The solution integrates A.I. algorithms with specialized hardware (including identity verification cameras and automated seat-assignment devices) and testing-taking software. Each arrangement contains two distinct performance obligations: (1) the physical construction and technological integration of the testing center, and (2) the provision of a perpetual license to the functional test-taking software. The physical hardware procurement, software customization, and configuration inputs are combined into a single performance obligation because the VIE provides a highly critical integration service to deliver the completed testing center infrastructure as a unified output. The transaction price is allocated to the construction obligation and the perpetual software license obligation based on their relative SSPs. Revenue for both the construction obligation and the perpetual license is recognized at a point in time when the customer executes a formal project acceptance. The software license is recognized immediately upon delivery as functional intellectual property because it possesses standalone utility and requires no material ongoing developer support. Ancillary exam services, including localized testing professional support, software tweaks, and physical hardware sales, are evaluated on a contract-by-contract basis. Integrated service bundles are recognized over time using an output method as the testing sessions occur, or at a point in time when physical products or control of completed deliverables are handed over to the client. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt"> d</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">AI Vocational Training and Talent Development </td></tr> </table> The VIE and its subsidiaries license academic evaluation technologies, proprietary A.I. algorithms, and educational question banks to third-party educational technology providers. Under these time-based arrangements (typically one year), customers purchase non-exclusive rights to access the cloud-hosted digital content. Revenue is recognized over time on a straight-line basis over the active term of the underlying license agreement. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt"> e</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Campus Operations and Student-life Services</td></tr> </table> The VIE and VIE’s subsidiaries enter into operating agreements with educational institutions to provide integrated food catering, campus operations, and ancillary student services. Additionally, the VIE and VIE’s subsidiaries subcontract designated retail and dining spaces within the campus footprint to independent third-party food vendors. Revenue generated from campus services is derived from two primary models: (i) Direct Sales and (ii) Integrated campus management services. (i) Direct sales The VIE and VIE’s subsidiaries directly operate proprietary dining facilities and provide ancillary student services directly to the student population and campus personnel. In accordance with ASC 606-10-25-14, management identifies each distinct meal, beverage item, or individual campus service requested by a customer as a separate performance obligation. A promised good or service is accounted for as a distinct performance obligation under ASC 606-10-25-19 because: 1) The customer can benefit from the food item or individual service on its own or together with other readily available campus resources; and 2) The promise to transfer the specific good or service is separately identifiable from other promises or facilities provided within the campus environment. Under ASC 606-10-55-37A and ASC 606-10-55-39, the Company identify that it acts as a principal for Direct Campus Sales because it controls the specified goods and services before they are transferred to the end consumer. Control is evidenced by the following key indicators: 1)Primary Responsibility for Fulfillment: The Company maintains primary operational responsibility for satisfying the performance obligation, including managing daily culinary production, quality standards, and facility management; 2)Inventory Risk: The Company bears all direct inventory and operational risks associated with food procurement, storage, obsolescence, and spoilage prior to customer point of sale; 3)Pricing Discretion: The Company retains sole latitude and decision-making authority in establishing prices for menu items, dining services, and ancillary offerings. As a result, revenues from Direct Campus Sales are reported on a gross basis. In accordance with ASC 606-10-50-12 and ASC 606-10-50-20, revenue is recognized at a point in time upon satisfaction of the performance obligation—specifically when control of the meal or service transfers to the customer at the physical point of sale via mobile wallet settlements or the drawing down of stored-value student campus card accounts. (ii) Integrated campus management services The VIE and its subsidiaries enter into institutional service agreements to operate and manage campus facilities, dining spaces, and student-life ecosystems on behalf of educational institutions. Under this model, the Company is contractually engaged to deliver continuous, day-to-day administrative oversight, logistics, and operational services to the campus footprint in exchange for a contractually defined monthly management fee. In accordance with ASC 606-10-25-14, the Company evaluates its institutional service agreements to identify the promised goods and services. The Company determines that the integrated suite of management and facility services represents a single performance obligation comprised of a series of distinct daily services that are substantially the same and have the same pattern of transfer to the customer. Under ASC 606-10-25-19, these daily operational services are considered distinct because: 1) The educational institution can benefit from the daily management services on their own or together with other readily available resources; and 2) The services are highly interdependent and integrated into a combined output of comprehensive campus management, making the promise to transfer this series of services separately identifiable from other promises within the agreement. Under ASC 606-10-55-37A and ASC 606-10-55-39, the Company identify that it acts as a principal for in providing the integrated campus management services because it obtains control of the specified services before they are transferred to the educational institution. Control is evidenced by the following key indicators: 1)Primary Responsibility: The Company retains primary contractual and operational responsibility for fulfilling the promise to provide continuous administrative oversight and overall campus operations; 2)Direction of Services: The Company holds the right to direct the underlying facility services and directly manages the labor, logistics, and execution infrastructure required to perform the services. Accordingly, the monthly management fees earned from these institutional agreements are recognized as revenue on a gross basis. In accordance with ASC 606-10-50-12 and ASC 606-10-50-20, the performance obligation is satisfied over time, as the educational institution simultaneously receives and consumes the economic benefits of the Company’s continuous operational performance as it occurs. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 21pt">2.</td><td>International Education and Testing </td></tr></table> The VIE and VIE’s subsidiaries operate the HanLink Chinese learning platform, which is an AI-powered online language learning system designed predominantly for institutional education customers, students, and educators in overseas markets outside of the People’s Republic of China. Under these arrangements, customers enter into agreements to purchase non-exclusive rights to access the cloud-based educational content and interactive curriculum housed on the HanLink platform for a specified contract period. The transaction price for these arrangements is primarily determined on a per-access license basis, calculated by multiplying the contractually agreed-upon rate by the specific number of user licenses granted to the customer. The Company’s performance obligation is to provide continuous access to the hosted HanLink software environment and digital libraries over the contract period. Revenue is recognized over time on a straight-line basis over the license term as the customer concurrently receives and consumes the benefits of the platform access. Upfront cash collections received from customers prior to the commencement or fulfillment of the license term are recorded as deferred revenue within contract liabilities on the Consolidated Balance Sheets and are systematically amortized into revenue over the respective subscription period. 3. AI Application and Enterprise Solution The VIE and VIE’s subsidiaries operate the AI application and enterprise solution, which is a private-deployment document intelligence platform designed to convert scanned, handwritten, historical, and administrative records into structured, searchable data assets. Revenues generated by Cogni AI are derived from two primary contract models: (i) Perpetual platform licensing and hardware Sales and (ii) Term-based software subscriptions and hardware Leases. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">a</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Perpetual platform licensing and hardware sales</td></tr> </table> The Company offers a bundled transaction model where customers acquire full legal ownership of customized hardware devices integrated with a perpetual license to access and operate the Cogni AI software platform for a single, combined transaction price. Contracts under this model contain multiple performance obligations consisting of the transfer of the physical hardware device and the provision of the perpetual software platform license. The Company allocates the single bundled transaction price to each distinct performance obligation based on its relative standalone selling price, determined using management’s best estimate or observed independent market values. Revenue allocated to the physical hardware device is recognized at a point in time when control of the equipment is transferred to the customer, which typically occurs upon physical delivery, local installation, and formal customer acceptance. Similarly, revenue allocated to the perpetual platform license is recognized at a point in time when the software copy is made available and control of the intellectual property transfers to the customer, which occurs when the electronic software delivery is completed. Because the customer has the right to use the software on its own infrastructure perpetually without ongoing performance obligations from the Company, no revenue for this component is deferred. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">b</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Term-based software subscriptions and equipment leases</td></tr> </table> The Company enters into recurring term-based arrangements where customers pay a fixed monthly fee to utilize the specialized hardware equipment and gain ongoing access to the hosted Cogni AI software platform. Under these agreements, ownership of the physical equipment is retained exclusively by the VIE and its subsidiaries, and the equipment is contractually returned at the conclusion of the lease term. These arrangements contain both a lease component governed by ASC 842, Leases, and non-lease service components governed by ASC 606, Revenue from Contracts with Customers. The Company has elected the practical expedient under ASC 842 to combine lease and non-lease components into a single unit of account when the timing and pattern of transfer are identical. Because the lease component qualifies as an operating lease and the platform services are consumed concurrently by the client, the combined monthly recurring fee is recognized as revenue over time on a straight-line basis over the respective monthly contract term. This reporting methodology accurately reflects the period over which the customer simultaneously receives and consumes the economic benefits of both the infrastructure and the software access. To facilitate comparability across periods and conform to the current period’s presentation, relevant revenue balances for the fiscal year ended March 31, 2025, previously reported under the legacy SmartHomework® and SmartExam® product lines, have been retrospectively reclassified into the current product-line and management operating category frameworks. These reclassifications reflect recent organizational realignments in the Company’s operational structures and business models, enabling consistent longitudinal evaluation of the product mix as executed during the fiscal year ended March 31, 2026. These presentation adjustments had no impact on previously reported consolidated total revenues, net loss, or total stockholders’ equity. The following table identifies the disaggregation of revenue for the years ended March 31, 2026 and 2025, respectively: <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--DisaggregationOfRevenueTableTextBlock_zvlulrjVqvAg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of disaggregation of revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Campus and education services</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">a. Smart campus infrastructure</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98C_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--SmartCampusInfrastructureMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_z8rALZMkudP2" style="width: 12%; text-align: right" title="Disaggregation of revenue">420,296</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_986_eus-gaap--Revenues_c20230401__20250331__us-gaap--TypeOfArrangementAxis__custom--SmartCampusInfrastructureMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zakSKXCEiQwf" style="width: 12%; text-align: right" title="Disaggregation of revenue">2,113,485</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">b. Education content and learning resources</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--EducationContentAndLearningResourcesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_ze8N7zntbPC8" style="text-align: right" title="Disaggregation of revenue">294,376</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--EducationContentAndLearningResourcesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zHkdX1fRl6o6" style="text-align: right" title="Disaggregation of revenue">2,909,528</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">c. Examination and assessment services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--ExaminationAndAssessmentServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zsI19Hm7prwh" style="text-align: right" title="Disaggregation of revenue">51,541</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--ExaminationAndAssessmentServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zHQOZunmecMi" style="text-align: right" title="Disaggregation of revenue">665,258</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">d. AI vocational training and talent development</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--AIVocationalTrainingAndTalentDevelopmentMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zPmgZv5dNgQe" style="text-align: right" title="Disaggregation of revenue">510,175</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--AIVocationalTrainingAndTalentDevelopmentMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zgqLBjHbnpQ7" style="text-align: right" title="Disaggregation of revenue">153,666</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">e. Campus operations and student-life services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--CampusOperationsAndStudentLifeServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zcB8H1AaBlSf" style="text-align: right" title="Disaggregation of revenue">5,716,733</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--CampusOperationsAndStudentLifeServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zwYWamljSghh" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">International education & testing</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--InternationalEducationTestingMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_z0bndVxQrTGb" style="text-align: right" title="Disaggregation of revenue">92,189</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--InternationalEducationTestingMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zs0GNiQjO1U6" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">AI application & enterprise solution</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--AIApplicationEnterpriseSolutionMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zkitsEFNawig" style="text-align: right" title="Disaggregation of revenue">396,101</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--AIApplicationEnterpriseSolutionMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zPghueIn82tj" style="text-align: right" title="Disaggregation of revenue">843,450</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total revenues</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_98C_eus-gaap--Revenues_c20250401__20260331_zOpoA2CuVjvg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenue">7,481,411</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331_zwHsfzZrDMo3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenue">6,685,387</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> The Company evaluated each category of services to determine the appropriate timing of revenue recognition. Revenue is recognized at a point in time if none of the criteria under ASC 606 for over-time recognition are met: (a) the customers do not simultaneously receive and consume the benefits as the Company performs, (b) the Company’s performance does not create or enhance an asset that the customer controls as it is created or enhanced, and (c) the performance does not create an asset with no alternative use while providing the Company with an enforceable right to payment for performance completed to date. The following table summarizes disaggregated revenue from contracts with customers by timing of revenue recognition for the years ended March 31, 2026 and 2025, respectively: <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ContractWithCustomerAssetAndLiabilityTableTextBlock_z4MUtmenmPP" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of revenue from contracts with customers by timing of revenue recognition</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Services transferred at a point in time</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Revenue from smart campus infrastructure</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_987_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureMember_z0aCT2ghKBH1" style="width: 12%; text-align: right" title="Disaggregation of revenue">396,102</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureMember_zkjBx6fKw369" style="width: 12%; text-align: right" title="Disaggregation of revenue">2,113,485</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from education content and learning resources</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesMember_zj1xyzlHond" style="text-align: right" title="Disaggregation of revenue">294,376</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesMember_zN2IHbN52idk" style="text-align: right" title="Disaggregation of revenue">2,875,753</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from examination and assessment services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesMember_zi00vLCGHsOf" style="text-align: right" title="Disaggregation of revenue">51,541</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesMember_zQcJ1XBQjtJ" style="text-align: right" title="Disaggregation of revenue">522,208</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from campus service direct sales</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceDirectSalesMember_zCBgHEevQuW9" style="text-align: right" title="Disaggregation of revenue">3,558,899</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceDirectSalesMember_zHJj9I0ASFze" style="text-align: right" title="Disaggregation of revenue">30,658</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from AI application & enterprise solution - perpetual platform licensing and hardware sales</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionPerpetualPlatformlicensingAndHardwareSalesMember_zTm0ikR8Vhna" style="text-align: right" title="Disaggregation of revenue">151,524</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionPerpetualPlatformlicensingAndHardwareSalesMember_zgCtqxNuLesi" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Services transferred over time</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from smart campus infrastructure</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureOverTimeMember_zT7VxlsZFuy6" style="text-align: right" title="Disaggregation of revenue">24,194</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureOverTimeMember_zhBi3l4xI4Ab" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from education content and learning resources</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesOverTimeMember_zYhL3VvsUoy7" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesOverTimeMember_z9MWKZzJVW4d" style="text-align: right" title="Disaggregation of revenue">33,775</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from examination and assessment services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesOverTimeMember_zuZijp0GzcK1" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesOverTimeMember_zp8Ujiqtntn7" style="text-align: right" title="Disaggregation of revenue">143,050</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from AI application & enterprise licensing</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseLicensingMember_zcBBKUhqiDS5" style="text-align: right" title="Disaggregation of revenue">510,175</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseLicensingMember_zrnDBw8hqk2e" style="text-align: right" title="Disaggregation of revenue">153,666</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from campus service integrated campus management services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceIntegratedCampusManagementServicesMember_zfzjfnXiE9d8" style="text-align: right" title="Disaggregation of revenue">2,157,834</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceIntegratedCampusManagementServicesMember_zgpCAaNoMq0d" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from International education & testing</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromInternationalEducationTestingMember_zbGKJLZor2Sa" style="text-align: right" title="Disaggregation of revenue">92,189</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromInternationalEducationTestingMember_zB9lg2JtKac9" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from AI application & enterprise solution - term-based software subscription and equipment leases</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionTermBasedSoftwareSubscriptionAndEquipmentLeasesMember_zcYW11wmlFY4" style="text-align: right" title="Disaggregation of revenue">244,577</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionTermBasedSoftwareSubscriptionAndEquipmentLeasesMember_zNd3na1j6Z9i" style="text-align: right" title="Disaggregation of revenue">812,792</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total revenues</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_98F_eus-gaap--Revenues_c20250401__20260331_z77h5k4K7FZ" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenues">7,481,411</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_982_eus-gaap--Revenues_c20240401__20250331_zne85Yar1Mc8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenue">6,685,387</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> Contract Assets and Contract Liabilities Contract assets include deferred contract costs and contract liabilities include deferred revenue. Deferred contracts costs The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries capitalize incremental costs incurred to fulfill contracts that (i) relate directly to the contract, (ii) are expected to generate resources that will be used to satisfy the performance obligation under the contract, and (iii) are expected to be recovered through revenue generated under the contract. The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ capitalized costs consist primarily of setup costs for each customer, which are incurred to satisfy stand-ready obligation to provide access to the connected offerings. These contract costs are recorded as cost of revenue upon the recognition of the related revenue. Provisions for estimated losses, if any, on uncompleted contracts are recorded in the period in which such losses become probable based on the current contract estimates. As of March 31, 2026 and 2025, the VIE and VIE’s subsidiaries had deferred contract costs in the amount of $297,945 and $63,392, respectively. As of March 31, 2026 and 2025, no impairment allowance was recorded. Deferred revenue Deferred revenue primarily consists of consideration paid by customers before the related performance obligation is satisfied. The following table represents the movement of the deferred revenue: <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock_zLRACWc0DKZ" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 4)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Schedule of deferred revenue</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Balance at the beginning of the year</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--DeferredRevenue_iS_c20250401__20260331_zPFQNqxu64f7" style="width: 12%; text-align: right" title="Beginning Balance">135,737</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--DeferredRevenue_iS_c20240401__20250331_z9fUzD3IrbSh" style="width: 12%; text-align: right" title="Beginning Balance">434,717</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Additions</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--DeferredRevenueAdditions_c20250401__20260331_z1ppcxJCnjI8" style="text-align: right" title="Additions">73,296</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--DeferredRevenueAdditions_c20240401__20250331_zbgeCT242Zbb" style="text-align: right" title="Additions">136,497</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue recognized</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--DeferredRevenueRevenueRecognized1_iN_di_c20250401__20260331_z2xSK8TbCHF9" style="text-align: right" title="Revenue recognized">(34,057</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--DeferredRevenueRevenueRecognized1_iN_di_c20240401__20250331_zYHCjvuQJVw2" style="text-align: right" title="Revenue recognized">(434,958</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--ForeignExchangeDifferences_c20250401__20260331_zXCbovxzoNF2" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange differences">8,218</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--ForeignExchangeDifferences_c20240401__20250331_znwtospfhBn4" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange differences">(519</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Balance at the end of the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eus-gaap--DeferredRevenue_iE_c20250401__20260331_zDDbZNpfJEc7" style="border-bottom: Black 1pt solid; text-align: right" title="Ending Balance">183,194</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98C_eus-gaap--DeferredRevenue_iE_c20240401__20250331_zw7Yn85TDBY7" style="border-bottom: Black 1pt solid; text-align: right" title="Ending Balance">135,737</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(q)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Cost of Revenues</td></tr> </table> Cost of revenues consists primarily of the direct costs incurred in the generation of revenues across updated business operating categories. These expenses encompass the cost of inventory and raw materials, staff payroll and related benefits for personnel directly involved in service delivery or operations, and the amortization of core intangible assets. Additionally, cost of revenues includes operational infrastructure costs such as bandwidth leasing, transaction and data processing fees, cost of third-party services and campus operational logistics, direct fulfillment costs, and payments to channel partners directly associated with the delivery of services or goods. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(r)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Research and Development </td></tr> </table> Research and development expenses include payroll expenses, employee benefits, rental expenses and amortization and other expenses associated with research and development functions. Costs incurred for the development of software prior to the establishment of technological feasibility and costs incurred for maintenance after the software are available for marketing are expensed when incurred and are included in research and development expenses. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(s)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Government Grants</td></tr> </table> Government grants, which mainly represent amounts received from local governments in connection with the Company’s contributions to technology development, are recognized as income in other income, net or as a reduction of specific costs and expenses for which the grants are intended to compensate. Government grants that are to compensate incurred costs, expenses or losses without specific criteria are recognized in the current period upon receipt. Government grants that are to compensate future costs, expense or losses or with specific criteria are recognized in deferred grant income and recognized as income in the future or when the criteria is met. During the years ended March 31, 2026 and 2025, the Company did not receive any government grants compensating future costs, expenses or losses or with any criteria. As of March 31, 2026 and 2025, the Company did not have any deferred grant income. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(t)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Income Tax</td></tr> </table> The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. No penalties or interest relating to income taxes were incurred during the years ended March 31, 2026 and 2025. The Company does not believe there was any uncertain tax provision at March 31, 2026 and 2025. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(u)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Value Added Tax (“VAT”)</td></tr> </table> WFOE, Jiangxi Ruanyun and Jiangxi Ruanyun’s subsidiaries are subject to VAT for providing services and sales of products and VAT is reported as a deduction to revenue when incurred. The amount of VAT liability is determined by applying the applicable tax rates to the invoiced amount of services provided and sales of products (output VAT) less VAT paid on purchases made with the relevant supporting invoices (input VAT). <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt; text-align: justify">(v)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: justify">Non-controlling Interest</td></tr> </table> A non-controlling interest in a subsidiary of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries represents the portion of the equity (net assets) in the subsidiary not directly or indirectly attributable to the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries. Non-controlling interests are presented as a separate component of equity on the consolidated balance sheet and net income and comprehensive loss attributable to non-controlling interests are presented in the consolidated statement of operations and comprehensive loss. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(w)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Earnings (Loss) per Share</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries compute earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share” (“ASC 260”). ASC 260 requires companies with complex capital structures to present basic and diluted earnings per share (EPS). Basic EPS is measured as net income divided by the weighted average ordinary shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. There were no dilutive shares as of March 31, 2026 and 2025. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(x)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Segment Information</td></tr> </table> The Company determines its operating segments based on components that engage in business activities from which they may earn revenues and incur expenses, and for which discrete financial information is available. These segments are identified based on internal financial reports that are regularly reviewed by the Company’s chief operating decision maker (“CODM”) for purposes of allocating resources and assessing performance. In accordance with ASC 280, Segment Reporting, operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the CODM or decision-making group, in deciding how to allocate resources and in assessing performance. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company’s CODM has been identified as the CEO, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. The Company has determined that it has one reportable segment, with three revenue categories: Campus and Education Services, International Education & Testing, and AI Applications & Enterprise Solutions. The Company operates mainly in the PRC, and all of its long-lived assets are located in the PRC. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(y)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Related Parties</td></tr> </table> Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all significant related party transactions in Note 13. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(z)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Risk and Uncertainties</td></tr> </table> Political and economic risk The operations of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries are located in the PRC. Accordingly, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ business, financial condition, and results of operations may be influenced by political, economic, and legal environments in the PRC, as well as by the general state of the PRC economy. The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ results may be adversely affected by changes in the political, regulatory, and social conditions in the PRC. Although the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries have not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note 1, such experience may not be indicative of future results. Concentration of customers and suppliers The Company’s sales are made to customers that are located primarily in China. The Company has a concentration of its revenues and receivables with specific customers. For the year ended March 31, 2026, two major customers accounted for <span id="xdx_906_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zXKoLNyJOd5e">13% and <span id="xdx_905_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_znb1nvutAgZa">11% of the Company’s total revenue, respectively. For the year ended March 31, 2025, two major customers accounted for <span id="xdx_907_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zA3x0LRFjP5e">30% and <span id="xdx_900_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zqBKkbvLv5Z2">14% of the Company’s total revenue, respectively. As of March 31, 2026, three major customers accounted for <span id="xdx_907_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zayNoZibyrh2">18%, <span id="xdx_906_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zDnII45CHiV6">16% and <span id="xdx_901_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__srt--MajorCustomersAxis__custom--Customer3Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zmByQphqvMGi">12% of accounts receivable. As of March 31, 2025, two major customers accounted for <span id="xdx_904_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zuGUYIwocnD">20% and <span id="xdx_905_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zeJc201jVwVe">19% of accounts receivable, respectively. For the year ended March 31, 2026, no vendor accounted for over <span id="xdx_90F_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchaseMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zZL4pEkb0zQj">10% of the Company’s total purchases. For the year ended March 31, 2025, four vendors accounted for <span id="xdx_907_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchaseMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zOR6Kp1L6YWe">14%, <span id="xdx_901_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchaseMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z1HCikrLrHLf">12%, <span id="xdx_904_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor3Member__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchaseMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zvKMNy153HXk">12% and <span id="xdx_904_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor4Member__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchaseMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zleSuZe0giO8">11% of the Company’s total purchases. As of March 31, 2026, no vendor accounted for over <span id="xdx_90A_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zxOia6bh96fk">10% of the Company’s accounts payable. As of March 31, 2025, four vendors accounted for <span id="xdx_90C_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zzcTPeJCpjSh">21%, <span id="xdx_902_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zU0n8sCKdRMh">14%, <span id="xdx_909_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor3Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zz646AwaGIFc">12% and <span id="xdx_90B_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor4Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zQQ5bJZuluFg">11% of the Company’s accounts payable. Concentration of credit risk Assets that potentially subject the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries to significant concentrations of credit risk primarily consist of cash and accounts receivable. As of March 31, 2026 and 2025 substantially all of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ cash were held by reputable financial institutions located in the PRC which management believes are of high credit quality and financially sound based on public available information. Accounts receivable are typically unsecured and derived from revenue earned from customers. The risk with respect to accounts receivable is mitigated by credit evaluations the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries perform on customers and its ongoing monitoring process of their outstanding balances. Although accounts receivable are generally unsecured and collection periods may be affected by customer budgeting and payment timing, management believes that ultimate credit risk is mitigated because many customers are institutional, school or governmental counterparties that management considers creditworthy. This assessment does not eliminate collection-timing risk or the requirement to recognize an allowance for expected credit losses under ASC 326. Currency risk The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ operational transactions and its assets and liabilities are primarily denominated in RMB, which is not freely convertible into foreign currencies. The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ cash denominated in RMB are subject to such government. The value of the RMB is subject to changes in the central government policies and international economic and political developments that affect the supply and demand of RMB in the foreign exchange market. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (the ‘‘PBOC’’). Remittances from China in currencies other than RMB by the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries must be processed through the PBOC or other China foreign exchange regulatory bodies which require certain supporting documentation in order to effect the remittance. As the Company does not have significant transactions between its PRC subsidiary and the VIE, the Company, its wholly-owned subsidiaries, the VIE and the VIE’s subsidiaries consider that the risk associated with the foreign exchange transactions is low. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 7%; padding-right: 5.65pt; padding-left: 5.65pt">(aa)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Reclassification</td></tr> </table> Certain prior period amounts have been reclassified to conform to the current period presentation. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">(ab)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Recent Accounting Pronouncements</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries consider the applicability and impact of all ASUs. Management periodically reviews new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries meets the definition of an emerging growth company, or EGC, and has elected the extended transition period for complying with new or revised accounting standards, which delays the adoption of these accounting standards until they would apply to private companies. Recently Issued Accounting Pronouncements In December 2025, the FASB issued ASU 2025-12, “Codification Improvements.” The amendments in this Update represent changes to clarify the Codification or correct unintended application of guidance and apply to all reporting entities within the scope of the affected accounting guidance. These amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company is in the process of evaluating the impact of adopting this new guidance on its consolidated financial statements. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements. This update clarifies interim disclosure requirements and the applicability of Topic 270, including a comprehensive list of required interim disclosures and a principle to disclose material post-year-end events in interim reports. It also clarifies the types, form, and content of interim financial statements to improve consistency. ASU 2025-11 is effective for public business entities for interim periods in fiscal years beginning after December 15, 2027, and for all other entities for interim periods in fiscal years beginning after December 15, 2028. Early adoption is permitted, and entities can apply the guidance either prospectively or retrospectively. The Company is currently evaluating the impact of adopting this standard on its financial statements and disclosures. In December 2025, the FASB issued ASU 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities, to improve generally accepted accounting principles by establishing authoritative guidance on the accounting for government grants received by business entities. The amendments establish the accounting for a government grant received by a business entity, including guidance for (1) a grant related to an asset and (2) a grant related to income. The guidance is effective for fiscal years beginning after December 15, 2028, with early adoption permitted, and it can be applied using one of the following approaches: (1) a modified prospective approach; (2) a modified retrospective approach and (3) a retrospective approach to all government grants. The Company is in the process of evaluating the impact of adopting this new guidance on its consolidated financial statements. In September 2025, the FASB issued ASU 2025-06, Intangibles: Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06). The guidance modernizes the accounting for software costs and enhances the transparency about an entity’s software costs. The guidance is effective for the fiscal years beginning after December 15, 2027 and for interim periods within those fiscal years. This ASU can be applied prospectively, retrospectively, or under a modified transition approach. The Company is in the process of evaluating the impact of adopting this new guidance on its consolidated financial statements. In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (“ASU 2025-05”), which provides (1) all entities with a practical expedient and (2) entities other than public business entities with an accounting policy election when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. An entity can elect a practical expedient to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the assets when estimating expected credit losses. ASU 2025-05 is effective for fiscal years beginning after December 15, 2025, and interim reporting periods within those fiscal years. Early adoption is permitted. This ASU should be applied prospectively. The Company is in the process of evaluating the impact of adopting this new guidance on its consolidated financial statements. In May 2025, the FASB issued ASU 2025-03, Business Combinations (Topic 805): Identification of the Accounting Acquirer When the Legal Acquiree Is a Variable Interest Entity. The ASU revises the guidance in ASC 805 on identifying the accounting acquirer in a business combination in which the legal acquiree is a variable interest entity (VIE), with the objective of improving comparability between business combinations that involve VIEs and those that do not. ASU 2025-03 is effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the standard to determine the impact of adoption on its consolidated financial statements and disclosures. In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures: Disaggregation of Income Statement Expenses. The ASU requires companies to disaggregate operating expenses into specific categories such as employee compensation, depreciation, and intangible asset amortization, by relevant expense caption on the statement of operations. Additionally, in January 2025, the FASB issued ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures, to clarify the effective date of ASU 2024-03. ASU 2025-01 is effective for fiscal years beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, on a retrospective or prospective basis, with early adoption permitted. The Company is currently evaluating the standard to determine the impact of adoption on its consolidated financial statements and disclosures. Except for the above-mentioned pronouncements, there are no new recently issued accounting standards that will have material impact on the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ consolidated financial position, statements of operations, and cash flows.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(a)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Basis of Presentation</td></tr> </table> The consolidated financial statements of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries have been prepared in accordance with U.S. GAAP and pursuant to the applicable rules and regulations of the Securities and Exchange Commission (“SEC”).

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(b)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Principles of Consolidation</td></tr> </table> The consolidated financial statements include the financial statements of the Company, its subsidiaries, VIE and VIE’s subsidiaries in which WFOE is the primary beneficiary. All significant inter-company transactions and balances between the Company, its subsidiaries and the VIE have been eliminated upon consolidation. Subsidiaries are those entities in which the Company, directly or indirectly, controls more than one half of the voting powers; has the power to appoint or remove the majority of the members of the board of directors; or to cast a majority of votes at the meeting of directors; or has the power to govern the financial and operating policies of the investee under a statute or agreement among the shareholders or equity holders. A consolidated VIE is an entity in which the Company, or its subsidiary, through contractual agreements, bears the risks of, and enjoys the rewards normally associated with ownership of the entity. In determining whether the Company or its subsidiaries are the primary beneficiary, the Company considers whether it has the power to direct activities that are significant to the VIE’s economic performance, and also the Group’s obligation to absorb losses of the VIE that could potentially be significant to the VIE or the right to receive benefits from the VIE that could potentially be significant to the VIE. The Company, through the WFOE holds all the variable interests of the VIEs, and has been determined to be the primary beneficiary of the VIEs.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(c)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Use of Estimates</td></tr> </table> The preparation of the consolidated financial statements in accordance with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, related disclosures of contingent assets and liabilities at the balance sheet date, and the reported revenues and expenses during the reported period in the consolidated financial statements and accompanying notes. Significant accounting estimates include, but not limited to allowances for doubtful accounts, estimated useful lives and impairment of long-live assets, and revenue recognition. Actual results may differ materially from those estimates.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(d)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Foreign Currency</td></tr> </table> The Company’s reporting currency is the United States dollars (‘‘US$’’). The functional currency of the Company and the Company’s subsidiary incorporated in the Hong Kong Special Administrative Region (‘‘HK’’ or “Hong Kong”) is the US$. The functional currency of the Company’s PRC subsidiary, the VIE and its subsidiaries is Renminbi (‘‘RMB’’). The determination of the respective functional currency is based on the criteria of ASC Topic 830, Foreign Currency Matters. The financial statements of the WFOE, VIE and VIE’s subsidiaries are translated from the functional currency to the reporting currency, US$. Assets and liabilities of the WFOE, VIE and VIE’s subsidiaries are translated at the exchange rate at each reporting period end date. Equity is translated at historical rates. Income and expense accounts are translated at the average rate of exchange during the reporting period. The resulting translation adjustments are reported under other comprehensive loss. Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the statement of cash flows will not necessarily agree with changes in the corresponding balances on the balance sheets. Gains and losses resulting from the foreign currency transactions are recorded in the consolidated statements of operations and comprehensive loss during the year in which they occur. RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US$ at the rates used in translation. The following table outlines the currency exchange rates that were used in creating the consolidated financial statements in this annual report: <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock_zAeqKiThoIR" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Schedule of currency exchange rates</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20250401__20260331_z6SabckA9sVg" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20240401__20250331_zO9eypX8uBnc" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40C_ecustom--YearendSpotRate_zAuOBUX89pSd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Year-end spot rate</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">6.8980</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">7.2567</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--AverageRate_zdqC4B6gjiy6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Average rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.1019</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.2163</td><td style="text-align: left"> </td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfChangesInProjectedBenefitObligationsTableTextBlock_zAeqKiThoIR" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Schedule of currency exchange rates</td><td> </td> <td style="text-align: left"> </td><td id="xdx_49D_20250401__20260331_z6SabckA9sVg" style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_492_20240401__20250331_zO9eypX8uBnc" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40C_ecustom--YearendSpotRate_zAuOBUX89pSd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Year-end spot rate</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">6.8980</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 12%; text-align: right">7.2567</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_405_ecustom--AverageRate_zdqC4B6gjiy6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Average rate</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.1019</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">7.2163</td><td style="text-align: left"> </td></tr> </table>

6.8980 7.2567 7.1019 7.2163

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(e)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Cash and Restricted Cash</td></tr> </table> Cash consists of cash on hand and cash at banks which are unrestricted as to withdrawal or use, and have original maturities less than three months. Restricted cash consists of cash deposited with banks in conjunction with borrowings from banks. Restriction on the use of such cash is imposed by the banks and remains effective throughout the terms of the bank borrowings. Restricted cash is classified as current asset on the Company’s consolidated balance sheets. The balance as of March 31, 2025 was released to cash during the year ended March 31, 2026.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(f)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Accounts Receivable, Net</td></tr> </table> Accounts receivable are reported net of allowance for credit losses, which reflects management’s best estimate of expected credit losses under ASC 326. The Company measures its allowance using a CECL model based on historical loss experience, current conditions, and reasonable and supportable forecasts of future economic conditions. Accounts are written off when management determines that collection is not probable. The change in allowance during the year is recognized as credit loss expense and is presented in the income statement. As of March 31, 2026 and 2025, gross accounts receivable were $4.27 million and $4.86 million, respectively, with an allowance for credit losses of $3.43 million and $1.55 million, respectively, resulting in net accounts receivable of $0.84 million and $3.31 million.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">(g)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Inventories</td></tr> </table> Inventories comprise IT equipment, yet to deliver to customer at the end of the reporting period. Inventories are stated at the lower of cost and net realizable value. Cost is determined using the first-in-first-out basis. Adjustments are recorded to write down the cost of inventories to the estimated net realizable value due to slow-moving merchandise and damaged goods, which is dependent upon factors such as historical and forecasted consumer demand. Net realizable value is the estimated selling price in the ordinary course of business, less the estimated costs of completion and the estimated costs necessary to make the sale. Write-downs, if any, are recorded in cost of revenues in the consolidated statements of operation and comprehensive loss. As of March 31, 2026 and 2025, VIE and VIE’s subsidiaries had inventories in the amount of $18,461 and $59,077, respectively without any inventory write-down.

18461

59077

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">(h)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Leases</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries lease office spaces which are classified as short-term leases in accordance with ASC No.842, Leases (“Topic 842”). The lease contracts do not include renewal options. From January 1, 2022, the Company adopted Accounting Standards Update (“ASU”) 2016-02, Lease (FASB ASC Topic 842). The Group has elected the package of practical expedients, which allows the Group not to reassess (1) whether any expired or existing contracts as of the adoption date are or contain a lease, (2) lease classification for any expired or existing leases as of the adoption date and (3) initial direct costs for any expired or existing leases as of the adoption date. Lastly, the Group elected the short-term lease exemption for all contracts with lease terms of 12 months or less. At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Group assesses whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset. The right-of-use assets and related lease liabilities are recognized at the lease commencement date. The Company recognizes operating lease expenses on a straight-line basis over the lease term. Right-of-use of assets The Company recognizes right-of-use assets at the commencement date of the lease (i.e. the date the underlying asset is available for use). Right-of-use assets are measured at cost, less any accumulated depreciation and impairment losses and adjusted for any remeasurement of lease liabilities. The cost of right-of-use assets includes the amount of lease liabilities recognized, initial direct costs incurred, and lease payments made at or before the commencement date less any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the shorter of the lease term and the estimated useful lives of the assets. All right-of-use assets are reviewed for impairment annually. There was no impairment for right-of-use lease assets for the years ended March 31, 2026 and 2025. Lease liabilities Lease liability is initially measured at the present value of the outstanding lease payments at the commencement date, discounted using the Group’s incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise fixed lease payments, variable lease payments that depend on an index or a rate, amounts expected to be payable under a residual value guarantee and any exercise price under a purchase option that the Group is reasonably certain to exercise. Lease liability is measured at amortized cost using the effective interest rate method. It is re-measured when there is a change in future lease payments, if there is a change in the estimate of the amount expected to be payable under a residual value guarantee, or if there is any change in the Group assessment of option purchases, contract extensions or termination options. As of March 31, 2026 and 2025, the Company did not recognize any right-of-use assets or lease liabilities on its consolidated balance sheet, as all lease arrangements qualified as short-term leases under ASC 842.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 4%; padding-right: 5.65pt; padding-left: 5.65pt">(i)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Property and Equipment, Net</td></tr> </table> Property and equipment are stated at cost less accumulated depreciation and impairment. Property and equipment are depreciated at rates sufficient to write off their costs less impairment and residual value (estimated at 5% of cost) over their estimated useful lives on a straight-line basis. Leasehold improvements are depreciated on a straight-line basis over the period of the remaining lease term or their estimated useful lives, if shorter. The estimated useful lives are as follows: <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfImpairedIntangibleAssetsTextBlock_zgT6DHSDsQti" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Schedule of estimated useful lives</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 10.25pt; text-indent: -10pt">Category</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center">Estimated useful lives</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Buildings</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center">20 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Electronic equipment</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"><span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicEquipmentMember__srt--RangeAxis__srt--MinimumMember_zFQITrSQQdkk" title="Estimated useful lives of assets">3-<span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicEquipmentMember__srt--RangeAxis__srt--MaximumMember_zUQx0GRi0di" title="Estimated useful lives of assets">5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Office equipment</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"><span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MinimumMember_zIAhkEw9btYl" title="Estimated useful lives of assets">3-<span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MaximumMember_zu00y0QtwOP" title="Estimated useful lives of assets">5 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Motor vehicles</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember__srt--RangeAxis__srt--MinimumMember_zXgdiyg8izKd" title="Estimated useful lives of assets">4-<span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember__srt--RangeAxis__srt--MaximumMember_zgHsayHun6oe" title="Estimated useful lives of assets">6 years</td></tr> </table> Expenditures for repairs and maintenance are expensed as incurred, whereas the costs of renewals and betterment that extend the useful lives of property and equipment are capitalized as additions to the related assets. Retirements, sales and disposals of assets are recorded by removing the costs, accumulated depreciation and impairment with any resulting gain or loss recognized in the consolidated statements of operation and comprehensive loss.

<table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfImpairedIntangibleAssetsTextBlock_zgT6DHSDsQti" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Schedule of estimated useful lives</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding-left: 10.25pt; text-indent: -10pt">Category</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center">Estimated useful lives</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Buildings</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center">20 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Electronic equipment</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"><span id="xdx_908_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicEquipmentMember__srt--RangeAxis__srt--MinimumMember_zFQITrSQQdkk" title="Estimated useful lives of assets">3-<span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicEquipmentMember__srt--RangeAxis__srt--MaximumMember_zUQx0GRi0di" title="Estimated useful lives of assets">5 years</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10.25pt; text-indent: -10pt">Office equipment</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"><span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MinimumMember_zIAhkEw9btYl" title="Estimated useful lives of assets">3-<span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MaximumMember_zu00y0QtwOP" title="Estimated useful lives of assets">5 years</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10.25pt; text-indent: -10pt">Motor vehicles</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="padding-left: 5.65pt; text-align: center"><span id="xdx_90F_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember__srt--RangeAxis__srt--MinimumMember_zXgdiyg8izKd" title="Estimated useful lives of assets">4-<span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember__srt--RangeAxis__srt--MaximumMember_zgHsayHun6oe" title="Estimated useful lives of assets">6 years</td></tr> </table>

P20Y

P3Y

P5Y

P3Y

P5Y

P4Y

P6Y

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 4%; padding-right: 5.65pt; padding-left: 5.65pt">(j)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Capitalized Software Development Costs, Net</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries recognize costs to develop its software in accordance with ASC Topic 350-40 (“ASC 350”), Internal-Use Software. Software development costs consist primarily of payroll, depreciation and other overhead expenses incurred by the Company to develop, maintain, monitor and manage the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ products. Costs incurred for the development of software prior to the establishment of technological feasibility are expensed when incurred and are included in research and development expenses. Once a product has reached technological feasibility, all subsequent development costs are capitalized until the product is available for marketing. Technological feasibility is evaluated on a product-by-product basis, but typically encompasses both technical design and documentation and only occurs when the product has a proven ability to operate. The amount of software development costs was amortized over the estimated life of the corresponding product, which is determined to be five years.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(k)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Deferred Offering Costs</td></tr> </table> The Company complies with the requirements of ASC 340-10-S99-1 and SEC Staff Accounting Bulletin Topic 5A, “Expenses of Offering.” Deferred offering costs consist of incremental costs directly attributable to proposed or pending equity offerings, including the Company’s initial public offering (“IPO”) and its Equity Line of Credit (“ELOC”) arrangement. These costs primarily encompass underwriting fees, legal expenses incurred in connection with the preparation and filing of registration statements, financial advisory fees, regulatory registration fees, and other direct expenditures incurred through the balance sheet date. Such costs are deferred and capitalized on the consolidated balance sheets as deferred offering costs. Upon the successful closing of the IPO or draws under the ELOC, these deferred costs will be reclassified and recorded as a reduction of additional paid-in capital against the gross proceeds received. In the event an offering or the ELOC facility is aborted, terminated, or deemed no longer viable, any remaining capitalized deferred offering costs will be immediately charged to the consolidated statements of operations and comprehensive loss as an expense in that period.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">(l)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Long-term Deposits</td></tr> </table> Long term deposits represent deposits made by the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries as a guarantee of the Company’s performance which is required by certain government facilities. The deposits are usually 5% or 10% of the total contract amount and are paid at the inception of the contract. The deposits will be returned when the contractual warranty expires, which is usually three years after the project is accepted by the customer. As of March 31, 2026 and 2025, the balance of long-term deposits was $112,312 and $94,811, respectively.

112312 94811 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">(m)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Long-term Investment</td></tr> </table> The Company accounts for its long-term equity investments in privately held entities over which it does not exercise significant influence and does not have a readily determinable fair value in accordance with ASC 321, Investments-Equity Securities. Under the cost method (the measurement alternative), these investments are initially recorded at cost. Subsequent to initial recognition, the carrying value of these investments is carried at cost, less any identified impairment, plus or minus changes resulting from observable price changes in orderly transactions for the identical or a similar investment of the same issuer. Income is recognized only to the extent of distributions received from the net accumulated earnings of the investee subsequent to the date of acquisition. Distributions received in excess of such accumulated earnings are considered a return of investment and are recorded as a reduction to the cost basis of the investment. Management regularly reviews these long-term investments for indicators of impairment, including but not limited to, a significant deterioration in the earnings performance or business prospects of the investee, a significant adverse change in the regulatory or economic environment, or a material down-round financing. If an investment is considered to be impaired, management estimates the fair value of the investment. If the fair value is determined to be less than the current carrying value, and the impairment is assessed to be other-than-temporary, the carrying value is written down to its fair value, and the resulting impairment loss is recognized immediately in the consolidated statements of operations and comprehensive loss. For the years ended March 31, 2026 and 2025, there were no impairments recorded for the long-term investment.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt; text-align: justify">(n)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: justify">Impairment of Long-lived Assets</td></tr> </table> Long-lived assets are evaluated for impairment whenever events or changes in circumstances indicate that the carrying value of an asset may not be fully recoverable or that the useful life is shorter than the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries had originally estimated. When these events occur, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries evaluate the impairment for the long-lived assets by comparing the carrying value of the assets to an estimate of future undiscounted cash flows expected to be generated from the use of the assets and their eventual disposition. If the sum of the expected future undiscounted cash flows is less than the carrying value of the assets, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries recognize an impairment loss based on the excess of the carrying value of the assets over the fair value of the assets. For the years ended March 31, 2026 and 2025, there was no impairment of capitalized software.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(o)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Fair Value of Financial Instruments </td></tr> </table> Fair value represents the price that would be received from selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. As such, fair value is a market-based measurement that should be determined based on assumptions that market participants would use in pricing an asset or a liability. Accounting guidance defines fair value, establishes a framework for measuring fair value and expands disclosures about fair value measurements. Accounting guidance establishes a three-level fair value hierarchy and requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The three levels of input are: Level 1-Observable inputs that reflect quoted prices (unadjusted) for identical assets or liabilities in active markets. Level 2-Include other inputs that are directly or indirectly observable in the marketplace. Level 3-Unobservable inputs which are supported by little or no market activity. Accounting guidance also describes three main approaches to measuring the fair value of assets and liabilities: (1) market approach; (2) income approach and (3) cost approach. The market approach uses prices and other relevant information generated from market transactions involving identical or comparable assets or liabilities. The income approach uses valuation techniques to convert future amounts to a single present value amount. The measurement is based on the value indicated by current market expectations about those future amounts. The cost approach is based on the amount that would currently be required to replace an asset. Short-term financial assets and liabilities of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries primarily consist of cash, restricted cash, accounts receivable, accounts receivable from related party due from related parties, deferred offering cost, accounts payable, due to related parties, accrued expenses and other current liabilities. For short term bank loans, the fair value approximates their carrying value at the year-end as the fair value is estimated by used discounted cash flow, in which interest rates used to discount the bank loans approximate market rates. As of March 31, 2026 and 2025, the carrying values of these financial instruments approximated to their fair values due to the short-term maturity of these instruments. As of March 31, 2026 and 2025, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries did not have assets or liabilities measured at fair value on a recurring basis in periods subsequent to their initial recognition.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(p)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Revenue Recognition</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries follow ASC 606, Revenue from Contracts with Customers (“ASC 606”), for revenue recognition. ASC 606 establishes principles for reporting information about the nature, amount, timing, and uncertainty of revenue and cash flows arising from an entity’s contracts to provide goods or services to customers. The core principle requires an entity to recognize revenue to depict the transfer of goods or services to customers in an amount that reflects the consideration that it expects to be entitled to receive in exchange for those goods or services recognized, as performance obligations are satisfied. The following five steps are applied to achieve that core principle: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding: 0pt; text-align: justify; text-indent: 0pt; width: 24px"> </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt; width: 24px">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Step 1: Identify the contract with the customer</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-align: justify; text-indent: 0pt"> </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Step 2: Identify the performance obligations in the contract</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-align: justify; text-indent: 0pt"> </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Step 3: Determine the transaction price</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-align: justify; text-indent: 0pt"> </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Step 4: Allocate the transaction price to the performance obligations in the contract</td></tr> <tr style="vertical-align: top"> <td style="padding: 0pt; text-align: justify; text-indent: 0pt"> </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">●</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Step 5: Recognize revenue when the company satisfies a performance obligation </td></tr> </table> Historically, the Company, its wholly-owned subsidiaries, the VIE and VIE’s subsidiaries generated revenue primarily from platform development, software customization, content development, software licensing, personalized exercise books, MOTK Pro, and digitization services. As the Company’s business has expanded beyond these legacy SmartExam® and SmartHomework® product lines, management has reclassified revenue operating categories to more accurately reflect the Company’s current operational footprint and commercial strategy. Prior period financial information has been retrospectively reclassified to conform to the current period presentation. The Company’s updated revenue reporting framework comprises three primary operating categories: Campus & Education Services, International Education & Testing, and AI Applications & Enterprise Solutions. Revenue recognition policies are discussed as following: 1. Campus and Education Services <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">a</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-indent: 3.4pt">Smart Campus Infrastructure</td></tr> </table> (i) Testing centers and platform development (SmartHomework® Solution) The VIE and its subsidiaries contract with schools and local educational bureaus to deliver the integrated SmartHomework® solution for a fixed contract price. This service involves constructing, upgrading, and transforming physical A.I. Study Rooms and providing a perpetual software license to the Company’s proprietary academic evaluation technology, A.I. algorithms, and K-12 question bank content. Additionally, the Company provides ongoing, unspecified software updates on a when-and-if-available basis and cloud-based services, including data collection, cleaning, modeling, and analysis. Contracts typically contain up to four distinct performance obligations: (1) construction of the physical A.I. Study Room, (2) provision of a perpetual software license, (3) provision of software-related cloud services, and (4) provision of unspecified software updates. For the construction element, the underlying hardware, software deployment, and installation services are considered capable of being distinct but are not separately identifiable within the context of the contract. The A.I. Study Room functions as an integrated, combined output requested by the customer. Accordingly, these construction components are bundled and accounted for as a single performance obligation. The fixed transaction price is allocated to each performance obligation based on its relative standalone selling price (“SSP”). For deliverables lacking observable inputs, such as cloud services and unspecified updates, management estimates the SSP using judgment and relevant historical data. Revenue allocated to the construction of the A.I. Study Room and the delivery of the functional perpetual software license is recognized at a point in time when the customer executes a formal sign-off and acceptance, marking the transfer of control. Revenue allocated to the software-related cloud services and unspecified updates is deferred and recognized over time on a straight-line basis over the estimated period of performance. These deferred streams were immaterial for the fiscal years ended March 31, 2026 and 2025. Certain contracts mandate a three-year product warranty. The Company has determined that these warranties represent assurance-type warranties under ASC 606 rather than separate performance obligations. Historical warranty costs have been immaterial, and no liability accruals have been deemed necessary. (ii) Software Customization and Content Development The VIE and VIE’s subsidiaries provide software customization and content development services based on customers’ specifications. Contracts of this revenue stream generally do not contain significant financing components or variable consideration. The promised services in each service contract are combined and accounted for as a single performance obligation, as the promised services in a contract are not distinct and are considered as a significant integrated service. The Company recognizes revenue from its software customization and content development service contracts at a point of time when the customers accept the customized software and / or content when the control of such software and / or content is transferred to the customer. Additionally, the Company provides product warranty on customized software. The warranty is not a separate performance obligation because the nature of the warranty is to provide assurance that the software will function as expected and comply with agreed-upon specifications. No warranty is provided for customized content delivered. The VIE and VIE’s subsidiaries have not experienced material warranty costs and, therefore, do not believe an accrual for these costs is necessary. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">b</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Education Content and Learning Resources</td></tr> </table> (i) Personalize Exercise (SmartHomework® and MOTK Pro) The VIE and its subsidiaries offer print-ready versions of the SmartHomework® exercise book, delivering personalized learning materials to students on a daily or weekly basis. Students pay a subscription fee per semester to access these printing services via authorized campus hardware. Revenue is recognized over time on a straight-line basis over the contract term, beginning on the date the student is contractually granted platform printing access. The Company also offers a premium service tier, MOTK Pro, via annual subscriptions sold directly to students or through nationwide corporate business partners. MOTK Pro provides unlimited, multi-subject cloud-based access from personal mobile devices. Subscription revenue is recognized over time on a straight-line basis over the active subscription period, commencing when the student activates the account and content is made available. (ii) Digitization Services The VIE and its subsidiaries provide text-to-digital conversion services to commercial publishers. Each arrangement contains a single performance obligation to deliver completed digital files. Revenue is recognized at a point in time when the digitization project is completed and accepted by the publisher. The Company acts as the principal in these arrangements, maintaining control over production, establishing end pricing, and bearing fulfillment and primary quality risks. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">c</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Examination and Assessment Services (SmartExam® Solution)</td></tr> </table> The VIE and its subsidiaries construct computer-based testing centers for schools, businesses, and local educational bureaus for a fixed transaction price, tailored primarily around the Academic Proficiency Assessment Test. The solution integrates A.I. algorithms with specialized hardware (including identity verification cameras and automated seat-assignment devices) and testing-taking software. Each arrangement contains two distinct performance obligations: (1) the physical construction and technological integration of the testing center, and (2) the provision of a perpetual license to the functional test-taking software. The physical hardware procurement, software customization, and configuration inputs are combined into a single performance obligation because the VIE provides a highly critical integration service to deliver the completed testing center infrastructure as a unified output. The transaction price is allocated to the construction obligation and the perpetual software license obligation based on their relative SSPs. Revenue for both the construction obligation and the perpetual license is recognized at a point in time when the customer executes a formal project acceptance. The software license is recognized immediately upon delivery as functional intellectual property because it possesses standalone utility and requires no material ongoing developer support. Ancillary exam services, including localized testing professional support, software tweaks, and physical hardware sales, are evaluated on a contract-by-contract basis. Integrated service bundles are recognized over time using an output method as the testing sessions occur, or at a point in time when physical products or control of completed deliverables are handed over to the client. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt"> d</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">AI Vocational Training and Talent Development </td></tr> </table> The VIE and its subsidiaries license academic evaluation technologies, proprietary A.I. algorithms, and educational question banks to third-party educational technology providers. Under these time-based arrangements (typically one year), customers purchase non-exclusive rights to access the cloud-hosted digital content. Revenue is recognized over time on a straight-line basis over the active term of the underlying license agreement. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt"> e</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Campus Operations and Student-life Services</td></tr> </table> The VIE and VIE’s subsidiaries enter into operating agreements with educational institutions to provide integrated food catering, campus operations, and ancillary student services. Additionally, the VIE and VIE’s subsidiaries subcontract designated retail and dining spaces within the campus footprint to independent third-party food vendors. Revenue generated from campus services is derived from two primary models: (i) Direct Sales and (ii) Integrated campus management services. (i) Direct sales The VIE and VIE’s subsidiaries directly operate proprietary dining facilities and provide ancillary student services directly to the student population and campus personnel. In accordance with ASC 606-10-25-14, management identifies each distinct meal, beverage item, or individual campus service requested by a customer as a separate performance obligation. A promised good or service is accounted for as a distinct performance obligation under ASC 606-10-25-19 because: 1) The customer can benefit from the food item or individual service on its own or together with other readily available campus resources; and 2) The promise to transfer the specific good or service is separately identifiable from other promises or facilities provided within the campus environment. Under ASC 606-10-55-37A and ASC 606-10-55-39, the Company identify that it acts as a principal for Direct Campus Sales because it controls the specified goods and services before they are transferred to the end consumer. Control is evidenced by the following key indicators: 1)Primary Responsibility for Fulfillment: The Company maintains primary operational responsibility for satisfying the performance obligation, including managing daily culinary production, quality standards, and facility management; 2)Inventory Risk: The Company bears all direct inventory and operational risks associated with food procurement, storage, obsolescence, and spoilage prior to customer point of sale; 3)Pricing Discretion: The Company retains sole latitude and decision-making authority in establishing prices for menu items, dining services, and ancillary offerings. As a result, revenues from Direct Campus Sales are reported on a gross basis. In accordance with ASC 606-10-50-12 and ASC 606-10-50-20, revenue is recognized at a point in time upon satisfaction of the performance obligation—specifically when control of the meal or service transfers to the customer at the physical point of sale via mobile wallet settlements or the drawing down of stored-value student campus card accounts. (ii) Integrated campus management services The VIE and its subsidiaries enter into institutional service agreements to operate and manage campus facilities, dining spaces, and student-life ecosystems on behalf of educational institutions. Under this model, the Company is contractually engaged to deliver continuous, day-to-day administrative oversight, logistics, and operational services to the campus footprint in exchange for a contractually defined monthly management fee. In accordance with ASC 606-10-25-14, the Company evaluates its institutional service agreements to identify the promised goods and services. The Company determines that the integrated suite of management and facility services represents a single performance obligation comprised of a series of distinct daily services that are substantially the same and have the same pattern of transfer to the customer. Under ASC 606-10-25-19, these daily operational services are considered distinct because: 1) The educational institution can benefit from the daily management services on their own or together with other readily available resources; and 2) The services are highly interdependent and integrated into a combined output of comprehensive campus management, making the promise to transfer this series of services separately identifiable from other promises within the agreement. Under ASC 606-10-55-37A and ASC 606-10-55-39, the Company identify that it acts as a principal for in providing the integrated campus management services because it obtains control of the specified services before they are transferred to the educational institution. Control is evidenced by the following key indicators: 1)Primary Responsibility: The Company retains primary contractual and operational responsibility for fulfilling the promise to provide continuous administrative oversight and overall campus operations; 2)Direction of Services: The Company holds the right to direct the underlying facility services and directly manages the labor, logistics, and execution infrastructure required to perform the services. Accordingly, the monthly management fees earned from these institutional agreements are recognized as revenue on a gross basis. In accordance with ASC 606-10-50-12 and ASC 606-10-50-20, the performance obligation is satisfied over time, as the educational institution simultaneously receives and consumes the economic benefits of the Company’s continuous operational performance as it occurs. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 21pt">2.</td><td>International Education and Testing </td></tr></table> The VIE and VIE’s subsidiaries operate the HanLink Chinese learning platform, which is an AI-powered online language learning system designed predominantly for institutional education customers, students, and educators in overseas markets outside of the People’s Republic of China. Under these arrangements, customers enter into agreements to purchase non-exclusive rights to access the cloud-based educational content and interactive curriculum housed on the HanLink platform for a specified contract period. The transaction price for these arrangements is primarily determined on a per-access license basis, calculated by multiplying the contractually agreed-upon rate by the specific number of user licenses granted to the customer. The Company’s performance obligation is to provide continuous access to the hosted HanLink software environment and digital libraries over the contract period. Revenue is recognized over time on a straight-line basis over the license term as the customer concurrently receives and consumes the benefits of the platform access. Upfront cash collections received from customers prior to the commencement or fulfillment of the license term are recorded as deferred revenue within contract liabilities on the Consolidated Balance Sheets and are systematically amortized into revenue over the respective subscription period. 3. AI Application and Enterprise Solution The VIE and VIE’s subsidiaries operate the AI application and enterprise solution, which is a private-deployment document intelligence platform designed to convert scanned, handwritten, historical, and administrative records into structured, searchable data assets. Revenues generated by Cogni AI are derived from two primary contract models: (i) Perpetual platform licensing and hardware Sales and (ii) Term-based software subscriptions and hardware Leases. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">a</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Perpetual platform licensing and hardware sales</td></tr> </table> The Company offers a bundled transaction model where customers acquire full legal ownership of customized hardware devices integrated with a perpetual license to access and operate the Cogni AI software platform for a single, combined transaction price. Contracts under this model contain multiple performance obligations consisting of the transfer of the physical hardware device and the provision of the perpetual software platform license. The Company allocates the single bundled transaction price to each distinct performance obligation based on its relative standalone selling price, determined using management’s best estimate or observed independent market values. Revenue allocated to the physical hardware device is recognized at a point in time when control of the equipment is transferred to the customer, which typically occurs upon physical delivery, local installation, and formal customer acceptance. Similarly, revenue allocated to the perpetual platform license is recognized at a point in time when the software copy is made available and control of the intellectual property transfers to the customer, which occurs when the electronic software delivery is completed. Because the customer has the right to use the software on its own infrastructure perpetually without ongoing performance obligations from the Company, no revenue for this component is deferred. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">b</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Term-based software subscriptions and equipment leases</td></tr> </table> The Company enters into recurring term-based arrangements where customers pay a fixed monthly fee to utilize the specialized hardware equipment and gain ongoing access to the hosted Cogni AI software platform. Under these agreements, ownership of the physical equipment is retained exclusively by the VIE and its subsidiaries, and the equipment is contractually returned at the conclusion of the lease term. These arrangements contain both a lease component governed by ASC 842, Leases, and non-lease service components governed by ASC 606, Revenue from Contracts with Customers. The Company has elected the practical expedient under ASC 842 to combine lease and non-lease components into a single unit of account when the timing and pattern of transfer are identical. Because the lease component qualifies as an operating lease and the platform services are consumed concurrently by the client, the combined monthly recurring fee is recognized as revenue over time on a straight-line basis over the respective monthly contract term. This reporting methodology accurately reflects the period over which the customer simultaneously receives and consumes the economic benefits of both the infrastructure and the software access. To facilitate comparability across periods and conform to the current period’s presentation, relevant revenue balances for the fiscal year ended March 31, 2025, previously reported under the legacy SmartHomework® and SmartExam® product lines, have been retrospectively reclassified into the current product-line and management operating category frameworks. These reclassifications reflect recent organizational realignments in the Company’s operational structures and business models, enabling consistent longitudinal evaluation of the product mix as executed during the fiscal year ended March 31, 2026. These presentation adjustments had no impact on previously reported consolidated total revenues, net loss, or total stockholders’ equity. The following table identifies the disaggregation of revenue for the years ended March 31, 2026 and 2025, respectively: <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--DisaggregationOfRevenueTableTextBlock_zvlulrjVqvAg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of disaggregation of revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Campus and education services</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">a. Smart campus infrastructure</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98C_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--SmartCampusInfrastructureMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_z8rALZMkudP2" style="width: 12%; text-align: right" title="Disaggregation of revenue">420,296</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_986_eus-gaap--Revenues_c20230401__20250331__us-gaap--TypeOfArrangementAxis__custom--SmartCampusInfrastructureMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zakSKXCEiQwf" style="width: 12%; text-align: right" title="Disaggregation of revenue">2,113,485</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">b. Education content and learning resources</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--EducationContentAndLearningResourcesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_ze8N7zntbPC8" style="text-align: right" title="Disaggregation of revenue">294,376</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--EducationContentAndLearningResourcesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zHkdX1fRl6o6" style="text-align: right" title="Disaggregation of revenue">2,909,528</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">c. Examination and assessment services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--ExaminationAndAssessmentServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zsI19Hm7prwh" style="text-align: right" title="Disaggregation of revenue">51,541</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--ExaminationAndAssessmentServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zHQOZunmecMi" style="text-align: right" title="Disaggregation of revenue">665,258</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">d. AI vocational training and talent development</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--AIVocationalTrainingAndTalentDevelopmentMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zPmgZv5dNgQe" style="text-align: right" title="Disaggregation of revenue">510,175</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--AIVocationalTrainingAndTalentDevelopmentMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zgqLBjHbnpQ7" style="text-align: right" title="Disaggregation of revenue">153,666</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">e. Campus operations and student-life services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--CampusOperationsAndStudentLifeServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zcB8H1AaBlSf" style="text-align: right" title="Disaggregation of revenue">5,716,733</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--CampusOperationsAndStudentLifeServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zwYWamljSghh" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">International education & testing</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--InternationalEducationTestingMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_z0bndVxQrTGb" style="text-align: right" title="Disaggregation of revenue">92,189</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--InternationalEducationTestingMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zs0GNiQjO1U6" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">AI application & enterprise solution</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--AIApplicationEnterpriseSolutionMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zkitsEFNawig" style="text-align: right" title="Disaggregation of revenue">396,101</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--AIApplicationEnterpriseSolutionMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zPghueIn82tj" style="text-align: right" title="Disaggregation of revenue">843,450</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total revenues</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_98C_eus-gaap--Revenues_c20250401__20260331_zOpoA2CuVjvg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenue">7,481,411</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331_zwHsfzZrDMo3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenue">6,685,387</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> The Company evaluated each category of services to determine the appropriate timing of revenue recognition. Revenue is recognized at a point in time if none of the criteria under ASC 606 for over-time recognition are met: (a) the customers do not simultaneously receive and consume the benefits as the Company performs, (b) the Company’s performance does not create or enhance an asset that the customer controls as it is created or enhanced, and (c) the performance does not create an asset with no alternative use while providing the Company with an enforceable right to payment for performance completed to date. The following table summarizes disaggregated revenue from contracts with customers by timing of revenue recognition for the years ended March 31, 2026 and 2025, respectively: <table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ContractWithCustomerAssetAndLiabilityTableTextBlock_z4MUtmenmPP" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of revenue from contracts with customers by timing of revenue recognition</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Services transferred at a point in time</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Revenue from smart campus infrastructure</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_987_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureMember_z0aCT2ghKBH1" style="width: 12%; text-align: right" title="Disaggregation of revenue">396,102</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureMember_zkjBx6fKw369" style="width: 12%; text-align: right" title="Disaggregation of revenue">2,113,485</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from education content and learning resources</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesMember_zj1xyzlHond" style="text-align: right" title="Disaggregation of revenue">294,376</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesMember_zN2IHbN52idk" style="text-align: right" title="Disaggregation of revenue">2,875,753</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from examination and assessment services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesMember_zi00vLCGHsOf" style="text-align: right" title="Disaggregation of revenue">51,541</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesMember_zQcJ1XBQjtJ" style="text-align: right" title="Disaggregation of revenue">522,208</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from campus service direct sales</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceDirectSalesMember_zCBgHEevQuW9" style="text-align: right" title="Disaggregation of revenue">3,558,899</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceDirectSalesMember_zHJj9I0ASFze" style="text-align: right" title="Disaggregation of revenue">30,658</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from AI application & enterprise solution - perpetual platform licensing and hardware sales</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionPerpetualPlatformlicensingAndHardwareSalesMember_zTm0ikR8Vhna" style="text-align: right" title="Disaggregation of revenue">151,524</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionPerpetualPlatformlicensingAndHardwareSalesMember_zgCtqxNuLesi" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Services transferred over time</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from smart campus infrastructure</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureOverTimeMember_zT7VxlsZFuy6" style="text-align: right" title="Disaggregation of revenue">24,194</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureOverTimeMember_zhBi3l4xI4Ab" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from education content and learning resources</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesOverTimeMember_zYhL3VvsUoy7" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesOverTimeMember_z9MWKZzJVW4d" style="text-align: right" title="Disaggregation of revenue">33,775</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from examination and assessment services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesOverTimeMember_zuZijp0GzcK1" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesOverTimeMember_zp8Ujiqtntn7" style="text-align: right" title="Disaggregation of revenue">143,050</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from AI application & enterprise licensing</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseLicensingMember_zcBBKUhqiDS5" style="text-align: right" title="Disaggregation of revenue">510,175</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseLicensingMember_zrnDBw8hqk2e" style="text-align: right" title="Disaggregation of revenue">153,666</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from campus service integrated campus management services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceIntegratedCampusManagementServicesMember_zfzjfnXiE9d8" style="text-align: right" title="Disaggregation of revenue">2,157,834</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceIntegratedCampusManagementServicesMember_zgpCAaNoMq0d" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from International education & testing</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromInternationalEducationTestingMember_zbGKJLZor2Sa" style="text-align: right" title="Disaggregation of revenue">92,189</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromInternationalEducationTestingMember_zB9lg2JtKac9" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from AI application & enterprise solution - term-based software subscription and equipment leases</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionTermBasedSoftwareSubscriptionAndEquipmentLeasesMember_zcYW11wmlFY4" style="text-align: right" title="Disaggregation of revenue">244,577</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionTermBasedSoftwareSubscriptionAndEquipmentLeasesMember_zNd3na1j6Z9i" style="text-align: right" title="Disaggregation of revenue">812,792</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total revenues</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_98F_eus-gaap--Revenues_c20250401__20260331_z77h5k4K7FZ" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenues">7,481,411</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_982_eus-gaap--Revenues_c20240401__20250331_zne85Yar1Mc8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenue">6,685,387</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> Contract Assets and Contract Liabilities Contract assets include deferred contract costs and contract liabilities include deferred revenue. Deferred contracts costs The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries capitalize incremental costs incurred to fulfill contracts that (i) relate directly to the contract, (ii) are expected to generate resources that will be used to satisfy the performance obligation under the contract, and (iii) are expected to be recovered through revenue generated under the contract. The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ capitalized costs consist primarily of setup costs for each customer, which are incurred to satisfy stand-ready obligation to provide access to the connected offerings. These contract costs are recorded as cost of revenue upon the recognition of the related revenue. Provisions for estimated losses, if any, on uncompleted contracts are recorded in the period in which such losses become probable based on the current contract estimates. As of March 31, 2026 and 2025, the VIE and VIE’s subsidiaries had deferred contract costs in the amount of $297,945 and $63,392, respectively. As of March 31, 2026 and 2025, no impairment allowance was recorded. Deferred revenue Deferred revenue primarily consists of consideration paid by customers before the related performance obligation is satisfied. The following table represents the movement of the deferred revenue: <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock_zLRACWc0DKZ" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 4)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Schedule of deferred revenue</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Balance at the beginning of the year</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--DeferredRevenue_iS_c20250401__20260331_zPFQNqxu64f7" style="width: 12%; text-align: right" title="Beginning Balance">135,737</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--DeferredRevenue_iS_c20240401__20250331_z9fUzD3IrbSh" style="width: 12%; text-align: right" title="Beginning Balance">434,717</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Additions</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--DeferredRevenueAdditions_c20250401__20260331_z1ppcxJCnjI8" style="text-align: right" title="Additions">73,296</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--DeferredRevenueAdditions_c20240401__20250331_zbgeCT242Zbb" style="text-align: right" title="Additions">136,497</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue recognized</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--DeferredRevenueRevenueRecognized1_iN_di_c20250401__20260331_z2xSK8TbCHF9" style="text-align: right" title="Revenue recognized">(34,057</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--DeferredRevenueRevenueRecognized1_iN_di_c20240401__20250331_zYHCjvuQJVw2" style="text-align: right" title="Revenue recognized">(434,958</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--ForeignExchangeDifferences_c20250401__20260331_zXCbovxzoNF2" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange differences">8,218</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--ForeignExchangeDifferences_c20240401__20250331_znwtospfhBn4" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange differences">(519</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Balance at the end of the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eus-gaap--DeferredRevenue_iE_c20250401__20260331_zDDbZNpfJEc7" style="border-bottom: Black 1pt solid; text-align: right" title="Ending Balance">183,194</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98C_eus-gaap--DeferredRevenue_iE_c20240401__20250331_zw7Yn85TDBY7" style="border-bottom: Black 1pt solid; text-align: right" title="Ending Balance">135,737</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(q)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Cost of Revenues</td></tr> </table> Cost of revenues consists primarily of the direct costs incurred in the generation of revenues across updated business operating categories. These expenses encompass the cost of inventory and raw materials, staff payroll and related benefits for personnel directly involved in service delivery or operations, and the amortization of core intangible assets. Additionally, cost of revenues includes operational infrastructure costs such as bandwidth leasing, transaction and data processing fees, cost of third-party services and campus operational logistics, direct fulfillment costs, and payments to channel partners directly associated with the delivery of services or goods.

<table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--DisaggregationOfRevenueTableTextBlock_zvlulrjVqvAg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of disaggregation of revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Campus and education services</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">a. Smart campus infrastructure</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98C_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--SmartCampusInfrastructureMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_z8rALZMkudP2" style="width: 12%; text-align: right" title="Disaggregation of revenue">420,296</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_986_eus-gaap--Revenues_c20230401__20250331__us-gaap--TypeOfArrangementAxis__custom--SmartCampusInfrastructureMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zakSKXCEiQwf" style="width: 12%; text-align: right" title="Disaggregation of revenue">2,113,485</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">b. Education content and learning resources</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--EducationContentAndLearningResourcesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_ze8N7zntbPC8" style="text-align: right" title="Disaggregation of revenue">294,376</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--EducationContentAndLearningResourcesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zHkdX1fRl6o6" style="text-align: right" title="Disaggregation of revenue">2,909,528</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">c. Examination and assessment services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--ExaminationAndAssessmentServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zsI19Hm7prwh" style="text-align: right" title="Disaggregation of revenue">51,541</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--ExaminationAndAssessmentServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zHQOZunmecMi" style="text-align: right" title="Disaggregation of revenue">665,258</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">d. AI vocational training and talent development</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--AIVocationalTrainingAndTalentDevelopmentMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zPmgZv5dNgQe" style="text-align: right" title="Disaggregation of revenue">510,175</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--AIVocationalTrainingAndTalentDevelopmentMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zgqLBjHbnpQ7" style="text-align: right" title="Disaggregation of revenue">153,666</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">e. Campus operations and student-life services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--CampusOperationsAndStudentLifeServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zcB8H1AaBlSf" style="text-align: right" title="Disaggregation of revenue">5,716,733</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--CampusOperationsAndStudentLifeServicesMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zwYWamljSghh" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">International education & testing</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--InternationalEducationTestingMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_z0bndVxQrTGb" style="text-align: right" title="Disaggregation of revenue">92,189</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--InternationalEducationTestingMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zs0GNiQjO1U6" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">AI application & enterprise solution</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--AIApplicationEnterpriseSolutionMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zkitsEFNawig" style="text-align: right" title="Disaggregation of revenue">396,101</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--AIApplicationEnterpriseSolutionMember__srt--CounterpartyNameAxis__custom--CampusAndEducationServicesMember_zPghueIn82tj" style="text-align: right" title="Disaggregation of revenue">843,450</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total revenues</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_98C_eus-gaap--Revenues_c20250401__20260331_zOpoA2CuVjvg" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenue">7,481,411</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331_zwHsfzZrDMo3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenue">6,685,387</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

420296

2113485

294376

2909528

51541

665258

510175

153666

5716733

92189

396101

843450

7481411

6685387

<table cellpadding="0" cellspacing="0" id="xdx_895_eus-gaap--ContractWithCustomerAssetAndLiabilityTableTextBlock_z4MUtmenmPP" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of revenue from contracts with customers by timing of revenue recognition</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Services transferred at a point in time</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Revenue from smart campus infrastructure</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_987_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureMember_z0aCT2ghKBH1" style="width: 12%; text-align: right" title="Disaggregation of revenue">396,102</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureMember_zkjBx6fKw369" style="width: 12%; text-align: right" title="Disaggregation of revenue">2,113,485</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from education content and learning resources</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesMember_zj1xyzlHond" style="text-align: right" title="Disaggregation of revenue">294,376</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesMember_zN2IHbN52idk" style="text-align: right" title="Disaggregation of revenue">2,875,753</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from examination and assessment services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesMember_zi00vLCGHsOf" style="text-align: right" title="Disaggregation of revenue">51,541</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesMember_zQcJ1XBQjtJ" style="text-align: right" title="Disaggregation of revenue">522,208</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from campus service direct sales</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceDirectSalesMember_zCBgHEevQuW9" style="text-align: right" title="Disaggregation of revenue">3,558,899</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceDirectSalesMember_zHJj9I0ASFze" style="text-align: right" title="Disaggregation of revenue">30,658</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from AI application & enterprise solution - perpetual platform licensing and hardware sales</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionPerpetualPlatformlicensingAndHardwareSalesMember_zTm0ikR8Vhna" style="text-align: right" title="Disaggregation of revenue">151,524</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionPerpetualPlatformlicensingAndHardwareSalesMember_zgCtqxNuLesi" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Services transferred over time</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from smart campus infrastructure</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureOverTimeMember_zT7VxlsZFuy6" style="text-align: right" title="Disaggregation of revenue">24,194</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromSmartCampusInfrastructureOverTimeMember_zhBi3l4xI4Ab" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from education content and learning resources</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesOverTimeMember_zYhL3VvsUoy7" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromEducationContentAndLearningResourcesOverTimeMember_z9MWKZzJVW4d" style="text-align: right" title="Disaggregation of revenue">33,775</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from examination and assessment services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesOverTimeMember_zuZijp0GzcK1" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromExaminationAndAssessmentServicesOverTimeMember_zp8Ujiqtntn7" style="text-align: right" title="Disaggregation of revenue">143,050</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from AI application & enterprise licensing</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseLicensingMember_zcBBKUhqiDS5" style="text-align: right" title="Disaggregation of revenue">510,175</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseLicensingMember_zrnDBw8hqk2e" style="text-align: right" title="Disaggregation of revenue">153,666</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from campus service integrated campus management services</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceIntegratedCampusManagementServicesMember_zfzjfnXiE9d8" style="text-align: right" title="Disaggregation of revenue">2,157,834</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromCampusServiceIntegratedCampusManagementServicesMember_zgpCAaNoMq0d" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from International education & testing</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromInternationalEducationTestingMember_zbGKJLZor2Sa" style="text-align: right" title="Disaggregation of revenue">92,189</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromInternationalEducationTestingMember_zB9lg2JtKac9" style="text-align: right" title="Disaggregation of revenue">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue from AI application & enterprise solution - term-based software subscription and equipment leases</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_c20250401__20260331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionTermBasedSoftwareSubscriptionAndEquipmentLeasesMember_zcYW11wmlFY4" style="text-align: right" title="Disaggregation of revenue">244,577</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_c20240401__20250331__us-gaap--TypeOfArrangementAxis__custom--RevenueFromAIApplicationEnterpriseSolutionTermBasedSoftwareSubscriptionAndEquipmentLeasesMember_zNd3na1j6Z9i" style="text-align: right" title="Disaggregation of revenue">812,792</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"> </td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total revenues</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_98F_eus-gaap--Revenues_c20250401__20260331_z77h5k4K7FZ" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenues">7,481,411</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_982_eus-gaap--Revenues_c20240401__20250331_zne85Yar1Mc8" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Total revenue">6,685,387</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

396102

2113485

294376

2875753

51541

522208

3558899

30658

151524

24194

33775

143050

510175

153666

2157834

92189

244577

812792

7481411

6685387

297945

63392

<table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock_zLRACWc0DKZ" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Summary of Significant Accounting Policies (Details 4)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Schedule of deferred revenue</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Balance at the beginning of the year</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_988_eus-gaap--DeferredRevenue_iS_c20250401__20260331_zPFQNqxu64f7" style="width: 12%; text-align: right" title="Beginning Balance">135,737</td><td style="width: 1%; text-align: left"> </td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td><td id="xdx_98B_eus-gaap--DeferredRevenue_iS_c20240401__20250331_z9fUzD3IrbSh" style="width: 12%; text-align: right" title="Beginning Balance">434,717</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Additions</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--DeferredRevenueAdditions_c20250401__20260331_z1ppcxJCnjI8" style="text-align: right" title="Additions">73,296</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98F_eus-gaap--DeferredRevenueAdditions_c20240401__20250331_zbgeCT242Zbb" style="text-align: right" title="Additions">136,497</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Revenue recognized</td><td> </td> <td style="text-align: left"> </td><td id="xdx_980_eus-gaap--DeferredRevenueRevenueRecognized1_iN_di_c20250401__20260331_z2xSK8TbCHF9" style="text-align: right" title="Revenue recognized">(34,057</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td id="xdx_987_eus-gaap--DeferredRevenueRevenueRecognized1_iN_di_c20240401__20250331_zYHCjvuQJVw2" style="text-align: right" title="Revenue recognized">(434,958</td><td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign exchange differences</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_98E_ecustom--ForeignExchangeDifferences_c20250401__20260331_zXCbovxzoNF2" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange differences">8,218</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--ForeignExchangeDifferences_c20240401__20250331_znwtospfhBn4" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign exchange differences">(519</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Balance at the end of the year</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98F_eus-gaap--DeferredRevenue_iE_c20250401__20260331_zDDbZNpfJEc7" style="border-bottom: Black 1pt solid; text-align: right" title="Ending Balance">183,194</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left">$</td><td id="xdx_98C_eus-gaap--DeferredRevenue_iE_c20240401__20250331_zw7Yn85TDBY7" style="border-bottom: Black 1pt solid; text-align: right" title="Ending Balance">135,737</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> </table>

135737

434717

73296

136497

34057

434958

8218 -519

183194

135737

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(r)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Research and Development </td></tr> </table> Research and development expenses include payroll expenses, employee benefits, rental expenses and amortization and other expenses associated with research and development functions. Costs incurred for the development of software prior to the establishment of technological feasibility and costs incurred for maintenance after the software are available for marketing are expensed when incurred and are included in research and development expenses.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(s)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Government Grants</td></tr> </table> Government grants, which mainly represent amounts received from local governments in connection with the Company’s contributions to technology development, are recognized as income in other income, net or as a reduction of specific costs and expenses for which the grants are intended to compensate. Government grants that are to compensate incurred costs, expenses or losses without specific criteria are recognized in the current period upon receipt. Government grants that are to compensate future costs, expense or losses or with specific criteria are recognized in deferred grant income and recognized as income in the future or when the criteria is met. During the years ended March 31, 2026 and 2025, the Company did not receive any government grants compensating future costs, expenses or losses or with any criteria. As of March 31, 2026 and 2025, the Company did not have any deferred grant income.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(t)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Income Tax</td></tr> </table> The Company accounts for current income taxes in accordance with the laws of the relevant tax authorities. Deferred income taxes are recognized when temporary differences exist between the tax bases of assets and liabilities and their reported amounts in the consolidated financial statements. Deferred tax assets and liabilities are measured using enacted tax rates expected to apply to taxable income in the years in which those temporary differences are expected to be recovered or settled. The effect on deferred tax assets and liabilities of a change in tax rates is recognized in income in the period including the enactment date. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. An uncertain tax position is recognized as a benefit only if it is “more likely than not” that the tax position would be sustained in a tax examination. The amount recognized is the largest amount of tax benefit that is greater than 50% likely of being realized on examination. For tax positions not meeting the “more likely than not” test, no tax benefit is recorded. Penalties and interest incurred related to underpayment of income tax are classified as income tax expense in the period incurred. No penalties or interest relating to income taxes were incurred during the years ended March 31, 2026 and 2025. The Company does not believe there was any uncertain tax provision at March 31, 2026 and 2025.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(u)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Value Added Tax (“VAT”)</td></tr> </table> WFOE, Jiangxi Ruanyun and Jiangxi Ruanyun’s subsidiaries are subject to VAT for providing services and sales of products and VAT is reported as a deduction to revenue when incurred. The amount of VAT liability is determined by applying the applicable tax rates to the invoiced amount of services provided and sales of products (output VAT) less VAT paid on purchases made with the relevant supporting invoices (input VAT).

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt; text-align: justify">(v)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt; text-align: justify">Non-controlling Interest</td></tr> </table> A non-controlling interest in a subsidiary of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries represents the portion of the equity (net assets) in the subsidiary not directly or indirectly attributable to the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries. Non-controlling interests are presented as a separate component of equity on the consolidated balance sheet and net income and comprehensive loss attributable to non-controlling interests are presented in the consolidated statement of operations and comprehensive loss.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(w)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Earnings (Loss) per Share</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries compute earnings per share (“EPS”) in accordance with ASC 260, “Earnings per Share” (“ASC 260”). ASC 260 requires companies with complex capital structures to present basic and diluted earnings per share (EPS). Basic EPS is measured as net income divided by the weighted average ordinary shares outstanding for the period. Diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential ordinary shares (e.g., convertible securities, options and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential ordinary shares that have an anti-dilutive effect (i.e., those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS. There were no dilutive shares as of March 31, 2026 and 2025.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(x)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Segment Information</td></tr> </table> The Company determines its operating segments based on components that engage in business activities from which they may earn revenues and incur expenses, and for which discrete financial information is available. These segments are identified based on internal financial reports that are regularly reviewed by the Company’s chief operating decision maker (“CODM”) for purposes of allocating resources and assessing performance. In accordance with ASC 280, Segment Reporting, operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the CODM or decision-making group, in deciding how to allocate resources and in assessing performance. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The Company’s CODM has been identified as the CEO, who reviews consolidated results when making decisions about allocating resources and assessing performance of the Company. The Company has determined that it has one reportable segment, with three revenue categories: Campus and Education Services, International Education & Testing, and AI Applications & Enterprise Solutions. The Company operates mainly in the PRC, and all of its long-lived assets are located in the PRC.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(y)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Related Parties</td></tr> </table> Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related parties also include principal owners of the Company, its management, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all significant related party transactions in Note 13.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(z)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Risk and Uncertainties</td></tr> </table> Political and economic risk The operations of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries are located in the PRC. Accordingly, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ business, financial condition, and results of operations may be influenced by political, economic, and legal environments in the PRC, as well as by the general state of the PRC economy. The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ results may be adversely affected by changes in the political, regulatory, and social conditions in the PRC. Although the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries have not experienced losses from these situations and believes that it is in compliance with existing laws and regulations including its organization and structure disclosed in Note 1, such experience may not be indicative of future results. Concentration of customers and suppliers The Company’s sales are made to customers that are located primarily in China. The Company has a concentration of its revenues and receivables with specific customers. For the year ended March 31, 2026, two major customers accounted for <span id="xdx_906_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zXKoLNyJOd5e">13% and <span id="xdx_905_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_znb1nvutAgZa">11% of the Company’s total revenue, respectively. For the year ended March 31, 2025, two major customers accounted for <span id="xdx_907_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zA3x0LRFjP5e">30% and <span id="xdx_900_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zqBKkbvLv5Z2">14% of the Company’s total revenue, respectively. As of March 31, 2026, three major customers accounted for <span id="xdx_907_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zayNoZibyrh2">18%, <span id="xdx_906_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zDnII45CHiV6">16% and <span id="xdx_901_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__srt--MajorCustomersAxis__custom--Customer3Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zmByQphqvMGi">12% of accounts receivable. As of March 31, 2025, two major customers accounted for <span id="xdx_904_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__srt--MajorCustomersAxis__custom--Customer1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zuGUYIwocnD">20% and <span id="xdx_905_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__srt--MajorCustomersAxis__custom--Customer2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zeJc201jVwVe">19% of accounts receivable, respectively. For the year ended March 31, 2026, no vendor accounted for over <span id="xdx_90F_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchaseMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zZL4pEkb0zQj">10% of the Company’s total purchases. For the year ended March 31, 2025, four vendors accounted for <span id="xdx_907_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchaseMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zOR6Kp1L6YWe">14%, <span id="xdx_901_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchaseMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z1HCikrLrHLf">12%, <span id="xdx_904_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor3Member__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchaseMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zvKMNy153HXk">12% and <span id="xdx_904_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor4Member__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--PurchaseMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zleSuZe0giO8">11% of the Company’s total purchases. As of March 31, 2026, no vendor accounted for over <span id="xdx_90A_ecustom--ConcentrationRiskPercentage_dp_c20250401__20260331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zxOia6bh96fk">10% of the Company’s accounts payable. As of March 31, 2025, four vendors accounted for <span id="xdx_90C_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor1Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zzcTPeJCpjSh">21%, <span id="xdx_902_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor2Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zU0n8sCKdRMh">14%, <span id="xdx_909_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor3Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zz646AwaGIFc">12% and <span id="xdx_90B_ecustom--ConcentrationRiskPercentage_dp_c20240401__20250331__us-gaap--ShareBasedGoodsAndNonemployeeServicesTransactionBySupplierAxis__custom--Vendor4Member__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zQQ5bJZuluFg">11% of the Company’s accounts payable. Concentration of credit risk Assets that potentially subject the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries to significant concentrations of credit risk primarily consist of cash and accounts receivable. As of March 31, 2026 and 2025 substantially all of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ cash were held by reputable financial institutions located in the PRC which management believes are of high credit quality and financially sound based on public available information. Accounts receivable are typically unsecured and derived from revenue earned from customers. The risk with respect to accounts receivable is mitigated by credit evaluations the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries perform on customers and its ongoing monitoring process of their outstanding balances. Although accounts receivable are generally unsecured and collection periods may be affected by customer budgeting and payment timing, management believes that ultimate credit risk is mitigated because many customers are institutional, school or governmental counterparties that management considers creditworthy. This assessment does not eliminate collection-timing risk or the requirement to recognize an allowance for expected credit losses under ASC 326. Currency risk The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ operational transactions and its assets and liabilities are primarily denominated in RMB, which is not freely convertible into foreign currencies. The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ cash denominated in RMB are subject to such government. The value of the RMB is subject to changes in the central government policies and international economic and political developments that affect the supply and demand of RMB in the foreign exchange market. In the PRC, certain foreign exchange transactions are required by law to be transacted only by authorized financial institutions at exchange rates set by the People’s Bank of China (the ‘‘PBOC’’). Remittances from China in currencies other than RMB by the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries must be processed through the PBOC or other China foreign exchange regulatory bodies which require certain supporting documentation in order to effect the remittance. As the Company does not have significant transactions between its PRC subsidiary and the VIE, the Company, its wholly-owned subsidiaries, the VIE and the VIE’s subsidiaries consider that the risk associated with the foreign exchange transactions is low.

0.13 0.11 0.30 0.14 0.18 0.16 0.12 0.20 0.19 0.10 0.14 0.12 0.12 0.11 0.10 0.21 0.14 0.12 0.11 <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 7%; padding-right: 5.65pt; padding-left: 5.65pt">(aa)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Reclassification</td></tr> </table> Certain prior period amounts have been reclassified to conform to the current period presentation.

<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">(ab)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Recent Accounting Pronouncements</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries consider the applicability and impact of all ASUs. Management periodically reviews new accounting standards that are issued. Under the Jumpstart Our Business Startups Act of 2012, as amended, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries meets the definition of an emerging growth company, or EGC, and has elected the extended transition period for complying with new or revised accounting standards, which delays the adoption of these accounting standards until they would apply to private companies. Recently Issued Accounting Pronouncements In December 2025, the FASB issued ASU 2025-12, “Codification Improvements.” The amendments in this Update represent changes to clarify the Codification or correct unintended application of guidance and apply to all reporting entities within the scope of the affected accounting guidance. These amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods within those annual reporting periods. Early adoption is permitted. The Company is in the process of evaluating the impact of adopting this new guidance on its consolidated financial statements. In December 2025, the FASB issued ASU 2025-11, Interim Reporting (Topic 270): Narrow-Scope Improvements. This update clarifies interim disclosure requirements and the applicability of Topic 270, including a comprehensive list of required interim disclosures and a principle to disclose material post-year-end events in interim reports. It also clarifies the types, form, and content of interim financial statements to improve consistency. ASU 2025-11 is effective for public business entities for interim periods in fiscal years beginning after December 15, 2027, and for all other entities for interim periods in fiscal years beginning after December 15, 2028. Early adoption is permitted, and entities can apply the guidance either prospectively or retrospectively. The Company is currently evaluating the impact of adopting this standard on its financial statements and disclosures. In December 2025, the FASB issued ASU 2025-10, Government Grants (Topic 832): Accounting for Government Grants Received by Business Entities, to improve generally accepted accounting principles by establishing authoritative guidance on the accounting for government grants received by business entities. The amendments establish the accounting for a government grant received by a business entity, including guidance for (1) a grant related to an asset and (2) a grant related to income. The guidance is effective for fiscal years beginning after December 15, 2028, with early adoption permitted, and it can be applied using one of the following approaches: (1) a modified prospective approach; (2) a modified retrospective approach and (3) a retrospective approach to all government grants. The Company is in the process of evaluating the impact of adopting this new guidance on its consolidated financial statements. In September 2025, the FASB issued ASU 2025-06, Intangibles: Goodwill and Other-Internal-Use Software (Subtopic 350-40): Targeted Improvements to the Accounting for Internal-Use Software (ASU 2025-06). The guidance modernizes the accounting for software costs and enhances the transparency about an entity’s software costs. The guidance is effective for the fiscal years beginning after December 15, 2027 and for interim periods within those fiscal years. This ASU can be applied prospectively, retrospectively, or under a modified transition approach. The Company is in the process of evaluating the impact of adopting this new guidance on its consolidated financial statements. In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses (Topic 326): Measurement of Credit Losses for Accounts Receivable and Contract Assets (“ASU 2025-05”), which provides (1) all entities with a practical expedient and (2) entities other than public business entities with an accounting policy election when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. An entity can elect a practical expedient to assume that the current conditions as of the balance sheet date will remain unchanged for the remaining life of the assets when estimating expected credit losses. ASU 2025-05 is effective for fiscal years beginning after December 15, 2025, and interim reporting periods within those fiscal years. Early adoption is permitted. This ASU should be applied prospectively. The Company is in the process of evaluating the impact of adopting this new guidance on its consolidated financial statements. In May 2025, the FASB issued ASU 2025-03, Business Combinations (Topic 805): Identification of the Accounting Acquirer When the Legal Acquiree Is a Variable Interest Entity. The ASU revises the guidance in ASC 805 on identifying the accounting acquirer in a business combination in which the legal acquiree is a variable interest entity (VIE), with the objective of improving comparability between business combinations that involve VIEs and those that do not. ASU 2025-03 is effective for fiscal years beginning after December 15, 2026, including interim periods within those fiscal years, with early adoption permitted. The Company is currently evaluating the standard to determine the impact of adoption on its consolidated financial statements and disclosures. In November 2024, the FASB issued ASU 2024-03, Income Statement-Reporting Comprehensive Income-Expense Disaggregation Disclosures: Disaggregation of Income Statement Expenses. The ASU requires companies to disaggregate operating expenses into specific categories such as employee compensation, depreciation, and intangible asset amortization, by relevant expense caption on the statement of operations. Additionally, in January 2025, the FASB issued ASU 2025-01, Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures, to clarify the effective date of ASU 2024-03. ASU 2025-01 is effective for fiscal years beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, on a retrospective or prospective basis, with early adoption permitted. The Company is currently evaluating the standard to determine the impact of adoption on its consolidated financial statements and disclosures. Except for the above-mentioned pronouncements, there are no new recently issued accounting standards that will have material impact on the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ consolidated financial position, statements of operations, and cash flows.

Note 4 - Accounts Receivable, Net <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_z4Z481RGwUEc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Receivable, Net (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt">Schedule of accounts receivable, net</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20260331_zI3F0X9pX7Ei" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20250331_zaoBi7HarDDf" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_404_eus-gaap--AccountsReceivableGross_iI_maCzZyy_zpUrPwPonINb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Accounts receivable</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">4,267,086</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">4,862,723</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivable_iNI_di_msCzZyy_z8HlccXIYbG7" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: Allowance for credit losses</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(3,426,877</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,552,580</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--AccountsReceivableNet_iTI_mtCzZyy_zeIgmCgDcNS9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Accounts receivable, net</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">840,209</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,310,143</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> The following table represents the movement of the allowance for doubtful accounts: <table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--AccountsReceivableAllowanceForCreditLossTableTextBlock_zVn6bR2jK7Jj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Receivable, Net (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of allowance for doubtful accounts</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20250401__20260331_zjwy2r8m7EKb" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49F_20240401__20250331_zMMw3lSBnyX" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40E_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_zFFp0LKYbqMc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Balance at the beginning of the year</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">1,552,580</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">1,159,182</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease_zPdPSWELTQch" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Additions provision for credit losses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,742,065</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">401,448</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AllowanceForDoubtfulAccountsExchangeRateEffectPeriodIncreaseDecrease_zPfjjWHiN2l3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign exchange differences</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">132,232</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(8,050</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_zd9Burs3iire" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Balance at the end of the year</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,426,877</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,552,580</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> As of July 20, 2026, approximately $0.75 million, or 18%, of the accounts receivable balance as of March 31, 2026 has been collected.

<table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_z4Z481RGwUEc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Receivable, Net (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt">Schedule of accounts receivable, net</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20260331_zI3F0X9pX7Ei" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20250331_zaoBi7HarDDf" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_404_eus-gaap--AccountsReceivableGross_iI_maCzZyy_zpUrPwPonINb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Accounts receivable</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">4,267,086</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">4,862,723</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--AllowanceForDoubtfulAccountsPremiumsAndOtherReceivable_iNI_di_msCzZyy_z8HlccXIYbG7" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: Allowance for credit losses</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(3,426,877</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,552,580</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--AccountsReceivableNet_iTI_mtCzZyy_zeIgmCgDcNS9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Accounts receivable, net</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">840,209</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,310,143</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

4267086

4862723

3426877 1552580

840209

3310143

<table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--AccountsReceivableAllowanceForCreditLossTableTextBlock_zVn6bR2jK7Jj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accounts Receivable, Net (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of allowance for doubtful accounts</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20250401__20260331_zjwy2r8m7EKb" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49F_20240401__20250331_zMMw3lSBnyX" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40E_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_zFFp0LKYbqMc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Balance at the beginning of the year</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">1,552,580</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">1,159,182</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--AllowanceForDoubtfulAccountsReceivablePeriodIncreaseDecrease_zPdPSWELTQch" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Additions provision for credit losses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,742,065</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">401,448</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--AllowanceForDoubtfulAccountsExchangeRateEffectPeriodIncreaseDecrease_zPfjjWHiN2l3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign exchange differences</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">132,232</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(8,050</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_zd9Burs3iire" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Balance at the end of the year</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,426,877</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">1,552,580</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

1552580

1159182

1742065

401448

132232 -8050

3426877

1552580

750000

Note 5 - Prepaid Expenses and Other Current assets <table cellpadding="0" cellspacing="0" id="xdx_882_eus-gaap--DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_zSDEjmuw3dsj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Prepaid Expenses and Other Current assets (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt"> Schedule of prepaid expenses and other current assets</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20260331_zJsmVuZKmIAd" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20250331_zk7bF4i2T6la" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40C_eus-gaap--PrepaidExpenseCurrent_iI_maPEAOAzNMD_z1OWTRY8zCre" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Prepaid research and development project (1)</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">4,200,000</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">—</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--PrepaidMarketingAndPromotionExpenses_iI_maPEAOAzNMD_zWHY1iSsXm8e" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Prepaid marketing and promotion expenses (2) </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,000,000</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">—</td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OtherPrepaidExpenseCurrent_iI_maPEAOAzNMD_ziNUuWos1uhb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Other prepaid expenses </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">565,546</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">69</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OtherReceivablesNetCurrent_iI_maPEAOAzNMD_zJkcW5W74n6c" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Other receivables, net</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">37,207</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">35,855</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iTI_mtPEAOAzNMD_zc3UKEKIrTpg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Prepaid expenses and other current assets</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,802,753</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">35,923</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> (1) The $4.2 million was a prepayment made to a third-party service provider for reserving compute, relating to a custom research and development project training large language models. The project is planned through April 2027, subject to assessments on the outcomes of the research. The Company believes the training may contribute to its existing range of products. (2) The payment made to a third-party service provider for business development and marketing activities across the Gulf Cooperation Council (GCC) region, specifically targeting the education, artificial intelligence, and software development sectors. The agreement covers a 30-month term expiring in April 2027, with prepayments amortized on a straight-line basis over the service period. For the years ended March 31, 2026 and 2025, the Company recognized $2.00 million and 0nil, respectively, in selling and marketing expenses in connection with these services..

<table cellpadding="0" cellspacing="0" id="xdx_882_eus-gaap--DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_zSDEjmuw3dsj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Prepaid Expenses and Other Current assets (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt"> Schedule of prepaid expenses and other current assets</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20260331_zJsmVuZKmIAd" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20250331_zk7bF4i2T6la" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40C_eus-gaap--PrepaidExpenseCurrent_iI_maPEAOAzNMD_z1OWTRY8zCre" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Prepaid research and development project (1)</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">4,200,000</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">—</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_403_ecustom--PrepaidMarketingAndPromotionExpenses_iI_maPEAOAzNMD_zWHY1iSsXm8e" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Prepaid marketing and promotion expenses (2) </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,000,000</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">—</td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--OtherPrepaidExpenseCurrent_iI_maPEAOAzNMD_ziNUuWos1uhb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Other prepaid expenses </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">565,546</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">69</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OtherReceivablesNetCurrent_iI_maPEAOAzNMD_zJkcW5W74n6c" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Other receivables, net</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">37,207</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">35,855</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iTI_mtPEAOAzNMD_zc3UKEKIrTpg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Prepaid expenses and other current assets</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">6,802,753</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">35,923</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

4200000

2000000

565546

37207

35855

6802753

35923

4200000

2000000.00

Note 6 - Property and Equipment, Net <table cellpadding="0" cellspacing="0" id="xdx_88B_eus-gaap--PropertyPlantAndEquipmentTextBlock_zJV3XrhimKp3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Property and Equipment, Net (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Schedule of property and equipment,net</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Electronic equipment</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicEquipmentMember_zpgwFIjBpu2j" style="width: 12%; text-align: right" title="Property and equipment, net">455,490</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20250331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicEquipmentMember_zvXAxKjKlQB3" style="width: 12%; text-align: right" title="Property and equipment, net">405,439</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Building</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zkTLW0Z7dsch" style="text-align: right" title="Property and equipment, net">411,423</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20250331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zgOsBnCRe6Al" style="text-align: right" title="Property and equipment, net">391,086</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Office equipment</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zpedmlFGzGIk" style="text-align: right" title="Property and equipment, net">77,192</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20250331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zoPN5bDfYu4" style="text-align: right" title="Property and equipment, net">67,847</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Motor vehicles</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember_zQJhhLF3QXv" style="border-bottom: Black 1pt solid; text-align: right" title="Property and equipment, net">194,862</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20250331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember_zm5Oa706vrne" style="border-bottom: Black 1pt solid; text-align: right" title="Property and equipment, net">181,959</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total property and equipment</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260331_z64eXS5LwHC8" style="font-weight: bold; text-align: right" title="Property and equipment, net">1,138,967</td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20250331_zSaECPiP6IB1" style="font-weight: bold; text-align: right" title="Property and equipment, net">1,046,332</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: Accumulated depreciation</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_989_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_c20260331_zyomSDxX43Nl" style="border-bottom: Black 1pt solid; text-align: right" title="Less: accumulated depreciation">(668,499</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_c20250331_zzjiSKvIvTO9" style="border-bottom: Black 1pt solid; text-align: right" title="Less: accumulated depreciation">(586,018</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total property and equipment, net</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260331_zP16lqVklxr5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Property and equipment, net">470,468</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20250331_z49Emhr5e21" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Property and equipment, net">460,314</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> Depreciation expenses were $53,468 and $32,946 for the years ended March 31, 2026 and 2025, respectively.

<table cellpadding="0" cellspacing="0" id="xdx_88B_eus-gaap--PropertyPlantAndEquipmentTextBlock_zJV3XrhimKp3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Property and Equipment, Net (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Schedule of property and equipment,net</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Electronic equipment</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicEquipmentMember_zpgwFIjBpu2j" style="width: 12%; text-align: right" title="Property and equipment, net">455,490</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_988_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20250331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--ElectronicEquipmentMember_zvXAxKjKlQB3" style="width: 12%; text-align: right" title="Property and equipment, net">405,439</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Building</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zkTLW0Z7dsch" style="text-align: right" title="Property and equipment, net">411,423</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20250331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zgOsBnCRe6Al" style="text-align: right" title="Property and equipment, net">391,086</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Office equipment</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zpedmlFGzGIk" style="text-align: right" title="Property and equipment, net">77,192</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20250331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zoPN5bDfYu4" style="text-align: right" title="Property and equipment, net">67,847</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Motor vehicles</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember_zQJhhLF3QXv" style="border-bottom: Black 1pt solid; text-align: right" title="Property and equipment, net">194,862</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20250331__us-gaap--PropertyPlantAndEquipmentByTypeAxis__custom--MotorVehiclesMember_zm5Oa706vrne" style="border-bottom: Black 1pt solid; text-align: right" title="Property and equipment, net">181,959</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total property and equipment</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20260331_z64eXS5LwHC8" style="font-weight: bold; text-align: right" title="Property and equipment, net">1,138,967</td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_iI_c20250331_zSaECPiP6IB1" style="font-weight: bold; text-align: right" title="Property and equipment, net">1,046,332</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: Accumulated depreciation</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_989_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_c20260331_zyomSDxX43Nl" style="border-bottom: Black 1pt solid; text-align: right" title="Less: accumulated depreciation">(668,499</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_di_c20250331_zzjiSKvIvTO9" style="border-bottom: Black 1pt solid; text-align: right" title="Less: accumulated depreciation">(586,018</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total property and equipment, net</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20260331_zP16lqVklxr5" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Property and equipment, net">470,468</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentNet_iI_c20250331_z49Emhr5e21" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right" title="Property and equipment, net">460,314</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

455490

405439

411423

391086

77192

67847

194862

181959

1138967

1046332

668499

586018

470468

460314

53468

32946

Note 7 - Capitalized Software Development Cost, Net <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ScheduleOfCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationTextBlock_zZsxlCMpxuQk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Capitalized Software Development Cost, Net (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt">Schedule of capitalized software development cost, net</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49F_20250401__20260331_z03VYTyO5D2i" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49C_20240401__20250331_zKCC599PQqY3" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_403_ecustom--CapitalizedSoftwareDevelopmentCostGross_iI_zubhOjGK5Kr8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Software Development Cost</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">2,959,036</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">2,812,770</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--CapitalizedSoftwareDevelopmentCostAccumulatedAmortization_iI_zsiYROLoznH8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: Accumulated amortization</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,863,547</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,610,605</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--CapitalizedSoftwareDevelopmentCostNet_iI_zn2MqbhUR4b8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Capitalized software development cost, net</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">95,489</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">202,166</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> Amortization expenses were $113,825 and $208,273 for the years ended March 31, 2026 and 2025, respectively. There was no impairment of capitalized software development costs for the years ended March 31, 2026 and 2025, respectively. The following is a schedule, by fiscal years, of amortization amount of capitalized software development cost as of March 31, 2026: <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_zJkaOTuCeiQi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Capitalized Software Development Cost, Net (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of amortization amount of capitalized software development cost</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49F_20260331_zWA4rIQH6eG" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_iI_zznw1qEKbTN3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 44%; text-align: left; text-indent: -10pt">2027</td><td style="width: 1%; text-align: left"> </td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 43%; text-align: right">93,002</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_iI_zAGWP7b98Ej3" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2028</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,487</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_zgsomD4skjD4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Total</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">95,489</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--ScheduleOfCapitalizedCostsOfUnprovedPropertiesExcludedFromAmortizationTextBlock_zZsxlCMpxuQk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Capitalized Software Development Cost, Net (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt">Schedule of capitalized software development cost, net</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49F_20250401__20260331_z03VYTyO5D2i" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49C_20240401__20250331_zKCC599PQqY3" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_403_ecustom--CapitalizedSoftwareDevelopmentCostGross_iI_zubhOjGK5Kr8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Software Development Cost</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">2,959,036</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">2,812,770</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--CapitalizedSoftwareDevelopmentCostAccumulatedAmortization_iI_zsiYROLoznH8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: Accumulated amortization</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,863,547</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,610,605</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40C_ecustom--CapitalizedSoftwareDevelopmentCostNet_iI_zn2MqbhUR4b8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Capitalized software development cost, net</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">95,489</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">202,166</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> Amortization expenses were $113,825 and $208,273 for the years ended March 31, 2026 and 2025, respectively. There was no impairment of capitalized software development costs for the years ended March 31, 2026 and 2025, respectively. The following is a schedule, by fiscal years, of amortization amount of capitalized software development cost as of March 31, 2026: <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_zJkaOTuCeiQi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Capitalized Software Development Cost, Net (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of amortization amount of capitalized software development cost</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49F_20260331_zWA4rIQH6eG" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_iI_zznw1qEKbTN3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 44%; text-align: left; text-indent: -10pt">2027</td><td style="width: 1%; text-align: left"> </td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 43%; text-align: right">93,002</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_iI_zAGWP7b98Ej3" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2028</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,487</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_zgsomD4skjD4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Total</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">95,489</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

2959036 2812770 -2863547 -2610605 95489 202166

113825

208273

<table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseTableTextBlock_zJkaOTuCeiQi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Capitalized Software Development Cost, Net (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of amortization amount of capitalized software development cost</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_49F_20260331_zWA4rIQH6eG" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseNextTwelveMonths_iI_zznw1qEKbTN3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 44%; text-align: left; text-indent: -10pt">2027</td><td style="width: 1%; text-align: left"> </td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 43%; text-align: right">93,002</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--FiniteLivedIntangibleAssetsAmortizationExpenseYearTwo_iI_zAGWP7b98Ej3" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2028</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2,487</td><td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--FiniteLivedIntangibleAssetsNet_iI_zgsomD4skjD4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Total</td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td><td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">95,489</td><td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table>

93002

2487

95489

Note 8 - Short-term Bank Loans <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfShortTermDebtTextBlock_zgbDUlFh6y47" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Short-term Bank Loans (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> Schedule of Short-term Bank Loans </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Short-term bank loans from:</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-indent: -10pt">Bank of China(1)</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_988_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20260331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfChinaMember_z3MmSGpB74c" style="width: 12%; text-align: right" title="Short-term Bank Loans">289,939</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_980_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20250331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfChinaMember_zhaTHmbGrZX3" style="width: 12%; text-align: right" title="Short-term Bank Loans">551,215</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Bank of Beijing(2)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20260331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfBeijingMember_zkPa1IQEFQy3" style="text-align: right" title="Short-term Bank Loans">1,449,696</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20250331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfBeijingMember_zTuN7bMwU9a4" style="text-align: right" title="Short-term Bank Loans">1,378,037</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">GanZhou Bank(3)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20260331__us-gaap--ShortTermDebtTypeAxis__custom--GanZhouBankMember_ztgY24gbwTq9" style="text-align: right" title="Short-term Bank Loans">1,377,211</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_988_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20250331__us-gaap--ShortTermDebtTypeAxis__custom--GanZhouBankMember_zaBXUuvHlTq2" style="text-align: right" title="Short-term Bank Loans">1,376,659</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Bank of Communication(4)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_986_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20260331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfCommunicationMember_zQ4qsn2nV2dc" style="border-bottom: Black 1pt solid; text-align: right" title="Short-term Bank Loans">1,159,756</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_984_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20250331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfCommunicationMember_zF6LW7E4TfEb" style="border-bottom: Black 1pt solid; text-align: right" title="Short-term Bank Loans">1,102,429</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td id="xdx_983_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20260331_z0KIUMEKqV84" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total Short-term Bank Loans">4,276,602</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td id="xdx_980_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20250331_zBApeXcrUa94" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total Short-term Bank Loans">4,408,340</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td> </td> <td>(1)</td> <td style="text-align: justify">In March 2025, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of China for RMB4,000,000 ($0.6 million) at an annual interest rate of 3.10%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun. This loan was repaid on its maturity in March 2026. </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td> </td> <td>(2)</td> <td style="text-align: justify">In March 2026, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of China for RMB2,000,000 ($0.3 million) at an annual interest rate of 3.00%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td> </td> <td>(2)</td> <td style="text-align: justify">In May 2024, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Beijing for RMB10,000,000 ($1.4 million) at an annual interest rate of 4.60%. This loan was repaid on its maturity in May 2025.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td>(2)</td> <td style="text-align: justify">In May 2025, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Beijing for RMB10,000,000 ($1.5 million) at an annual interest rate of 3.60%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td> </td> <td>(3)</td> <td style="text-align: justify">In November 2024, Jiangxi Ruanyun entered into a one-year loan agreement with GanZhou Bank for RMB9,990,000 ($1.4 million) at an annual interest rate of 3.85%. This loan was also pledged with a property of Jiangxi Ruanyun and guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun. This loan was repaid on its maturity in November 2025.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td>(3)</td> <td style="text-align: justify">In November 2025, Jiangxi Ruanyun entered into a one-year loan agreement with GanZhou Bank for RMB9,500,000 ($1.4 million) at an annual interest rate of 3.85%. This loan was also pledged with a property of Jiangxi Ruanyun and guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td> </td> <td>(4)</td> <td style="text-align: justify">In August 2024, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Communication for RMB8,000,000 ($1.1 million) at an annual interest rate of 3.35%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun. This loan was repaid on its maturity in August 2025.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td>(4)</td> <td style="text-align: justify">In August 2025, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Communication for RMB8,000,000 ($1.2 million) at an annual interest rate of 3.00%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun.</td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfShortTermDebtTextBlock_zgbDUlFh6y47" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Short-term Bank Loans (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> Schedule of Short-term Bank Loans </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Short-term bank loans from:</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-indent: -10pt">Bank of China(1)</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_988_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20260331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfChinaMember_z3MmSGpB74c" style="width: 12%; text-align: right" title="Short-term Bank Loans">289,939</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_980_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20250331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfChinaMember_zhaTHmbGrZX3" style="width: 12%; text-align: right" title="Short-term Bank Loans">551,215</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Bank of Beijing(2)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20260331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfBeijingMember_zkPa1IQEFQy3" style="text-align: right" title="Short-term Bank Loans">1,449,696</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20250331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfBeijingMember_zTuN7bMwU9a4" style="text-align: right" title="Short-term Bank Loans">1,378,037</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">GanZhou Bank(3)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20260331__us-gaap--ShortTermDebtTypeAxis__custom--GanZhouBankMember_ztgY24gbwTq9" style="text-align: right" title="Short-term Bank Loans">1,377,211</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_988_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20250331__us-gaap--ShortTermDebtTypeAxis__custom--GanZhouBankMember_zaBXUuvHlTq2" style="text-align: right" title="Short-term Bank Loans">1,376,659</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Bank of Communication(4)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_986_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20260331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfCommunicationMember_zQ4qsn2nV2dc" style="border-bottom: Black 1pt solid; text-align: right" title="Short-term Bank Loans">1,159,756</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_984_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20250331__us-gaap--ShortTermDebtTypeAxis__custom--BankOfCommunicationMember_zF6LW7E4TfEb" style="border-bottom: Black 1pt solid; text-align: right" title="Short-term Bank Loans">1,102,429</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td id="xdx_983_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20260331_z0KIUMEKqV84" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total Short-term Bank Loans">4,276,602</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td id="xdx_980_eus-gaap--ShortTermBankLoansAndNotesPayable_iI_c20250331_zBApeXcrUa94" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total Short-term Bank Loans">4,408,340</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td> </td> <td>(1)</td> <td style="text-align: justify">In March 2025, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of China for RMB4,000,000 ($0.6 million) at an annual interest rate of 3.10%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun. This loan was repaid on its maturity in March 2026. </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td> </td> <td>(2)</td> <td style="text-align: justify">In March 2026, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of China for RMB2,000,000 ($0.3 million) at an annual interest rate of 3.00%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td> </td> <td>(2)</td> <td style="text-align: justify">In May 2024, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Beijing for RMB10,000,000 ($1.4 million) at an annual interest rate of 4.60%. This loan was repaid on its maturity in May 2025.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td>(2)</td> <td style="text-align: justify">In May 2025, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Beijing for RMB10,000,000 ($1.5 million) at an annual interest rate of 3.60%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td> </td> <td>(3)</td> <td style="text-align: justify">In November 2024, Jiangxi Ruanyun entered into a one-year loan agreement with GanZhou Bank for RMB9,990,000 ($1.4 million) at an annual interest rate of 3.85%. This loan was also pledged with a property of Jiangxi Ruanyun and guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun. This loan was repaid on its maturity in November 2025.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td>(3)</td> <td style="text-align: justify">In November 2025, Jiangxi Ruanyun entered into a one-year loan agreement with GanZhou Bank for RMB9,500,000 ($1.4 million) at an annual interest rate of 3.85%. This loan was also pledged with a property of Jiangxi Ruanyun and guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td> </td> <td>(4)</td> <td style="text-align: justify">In August 2024, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Communication for RMB8,000,000 ($1.1 million) at an annual interest rate of 3.35%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun. This loan was repaid on its maturity in August 2025.</td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td>(4)</td> <td style="text-align: justify">In August 2025, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Communication for RMB8,000,000 ($1.2 million) at an annual interest rate of 3.00%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun.</td></tr> </table>

289939

551215

1449696

1378037

1377211

1376659

1159756

1102429

4276602

4408340

Note 9 - Accrued Expenses and Other Current Liabilities <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_znRkHPxXHKg3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accrued Expenses and Other Current Liabilities (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20260331_zGa4EXMg8A92" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20250331_zZtjshYQPsY3" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40D_eus-gaap--AccruedPayrollTaxesCurrent_iI_zmrpPU8DXLLl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Payroll payable</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">236,717</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">156,932</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--VatAndOtherTaxesPayable_iI_ztX9odRTcTuc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">VAT and other taxes payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">222,937</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">245,739</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CustomerAdvancesAndDeposits_iI_zoxidDEilP6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Refundable deposits (1) </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> 265,178</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> 4,136</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--FundsReceivedOnBehalfAndPayableToThirdpartyVendors2_iI_zkxYR00r3s8a" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Funds received on behalf and payable to third-party vendors (2) </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> 979,551</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">—</td> <td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OtherNotesPayableCurrent_iI_zMxuVLyNChOd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Others</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">917,608</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">311,520</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OtherAccountsPayableAndAccruedLiabilities_iI_z5UAMIVCQXJc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Accrued expenses and other current liabilities</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,621,991</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">718,327</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> (1) Refundable deposits were primarily security deposits held for students and campus vendors. (2) The amounts primarily consist of sales proceeds collected from school dining halls on behalf of third-party merchants pending remittance.

<table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_znRkHPxXHKg3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Accrued Expenses and Other Current Liabilities (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20260331_zGa4EXMg8A92" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20250331_zZtjshYQPsY3" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_40D_eus-gaap--AccruedPayrollTaxesCurrent_iI_zmrpPU8DXLLl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Payroll payable</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">236,717</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">156,932</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--VatAndOtherTaxesPayable_iI_ztX9odRTcTuc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">VAT and other taxes payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">222,937</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">245,739</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CustomerAdvancesAndDeposits_iI_zoxidDEilP6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Refundable deposits (1) </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> 265,178</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> 4,136</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--FundsReceivedOnBehalfAndPayableToThirdpartyVendors2_iI_zkxYR00r3s8a" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Funds received on behalf and payable to third-party vendors (2) </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> 979,551</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">—</td> <td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--OtherNotesPayableCurrent_iI_zMxuVLyNChOd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Others</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">917,608</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">311,520</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--OtherAccountsPayableAndAccruedLiabilities_iI_z5UAMIVCQXJc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Accrued expenses and other current liabilities</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">2,621,991</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">718,327</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> </table> (1) Refundable deposits were primarily security deposits held for students and campus vendors. (2) The amounts primarily consist of sales proceeds collected from school dining halls on behalf of third-party merchants pending remittance.

236717

156932

222937 245739

265178

4136

979551

917608

311520

2621991

718327

Note 10 - Income Tax <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 4%; padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="width: 4%; padding-right: 5.65pt; padding-left: 5.65pt">a)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Income tax</td></tr> </table> Cayman Islands Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gain. Additionally, the Cayman Islands does not impose a withholding tax on payments of dividends to shareholders. Hong Kong On March 21, 2018, the Hong Kong Legislative Council passed The Inland Revenue (Amendment) (No. 7) Bill 2017 (the “Bill”) which introduces the two-tiered profits tax rates regime. The Bill was signed into law on March 28, 2018 and was gazette on the following day. Under the two-tiered profits tax rates regime, the first 2 million Hong Kong Dollar (“HKD”) of profits of the qualifying entity will be taxed at 8.25%, and profits above HKD2 million will be taxed at 16.5%. Payments of dividends by the Hong Kong subsidiary to the Company is not subject to withholding tax in Hong Kong. PRC The Company’s PRC subsidiary, the VIE and its subsidiaries were incorporated in the PRC and are subject to PRC Enterprise Income Tax (“EIT”) on the taxable income in accordance with the relevant PRC income tax laws. On March 16, 2007, the National People’s Congress enacted a new enterprise income tax law, which took effect on January 1, 2008. The law applies a uniform 25% enterprise income tax rate to both foreign invested enterprises and domestic enterprises. For the years ended March 31, 2026 and 2025, Jiangxi Alphabet, Shenzhen Ruanyun, Huizuoye, Ruanyun Zhitou and WFOE were qualified as “Small Enterprise with Low Profit” entities in accordance with PRC tax laws. Jiangxi Yunxiaotong, Gongqing Yunxiao, and Chongqing Huizhi were qualified as “Small Enterprise with Low Profit” entities in accordance with PRC tax laws for the year ended March 31, 2026. These entities received a preferential income tax rate of 5%. The current PRC EIT Law imposes a 10% withholding income tax for dividends distributed by foreign invested enterprises to their immediate holding companies outside the PRC. A lower withholding tax rate will be applied if there is a tax treaty arrangement between the PRC and the jurisdiction of the foreign holding company. Distributions to holding companies in Hong Kong that satisfy certain requirements specified by the PRC tax authorities, for example, will be subject to a 5% withholding tax rate. The components of loss before income taxes are as follows： <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_zoTlc46OZH7d" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income Tax (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-indent: -10pt">Schedule of components of loss before income taxes</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non PRC</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98A_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20250401__20260331__us-gaap--IncomeTaxAuthorityNameAxis__custom--NonPRCMember_zqdHvgDkAg1" style="text-align: right" title="loss before income taxes">—</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_983_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20240401__20250331__us-gaap--IncomeTaxAuthorityNameAxis__custom--NonPRCMember_zp3hfFpWL0u7" style="text-align: right" title="loss before income taxes">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-indent: -10pt">PRC</td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_988_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20250401__20260331__us-gaap--IncomeTaxAuthorityNameAxis__custom--PRCMember_z0liBVT8pxJa" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="loss before income taxes">(7,885,573</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_98A_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20240401__20250331__us-gaap--IncomeTaxAuthorityNameAxis__custom--PRCMember_zdYai8XiDTI5" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="loss before income taxes">(519,707</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98E_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20250401__20260331_zT5WPJYJ0ehl" style="border-bottom: Black 2.5pt double; text-align: right" title="loss before income taxes">(7,885,573</td> <td style="padding-bottom: 2.5pt; text-align: left">)</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_988_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20240401__20250331_zAMzLOe7I89j" style="border-bottom: Black 2.5pt double; text-align: right" title="loss before income taxes">(519,707</td> <td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table> Reconciliation of the differences between PRC statutory income tax rate and the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ effective income tax rate for the years ended March 31, 2026 and 2025 are as follows: <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_zu4dayZGLtPh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income Taxes (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of effective income tax rate</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20250401__20260331_zsFVZdooxHPe" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_497_20240401__20250331_zk2LpTfAUC2c" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_403_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_dp_zBFEnhXVrW5c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Statutory income tax rate</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">25.00</td> <td style="width: 1%; text-align: left">%</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">25.00</td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Increase (decrease) in effective income tax rate resulting from</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--EffectiveIncomeTaxRateReconciliationAtProferentialIncomeTaxRate_dp_zUAL0bxmgQHh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Preferential tax rate in China(1)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(4.00</td> <td style="text-align: left">%)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(12.41</td> <td style="text-align: left">%)</td></tr> <tr id="xdx_402_ecustom--EffectiveIncomeTaxRatePreferentialTaxRateNonDeductibleExpenses_dp_zlM2d0341sr4" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non-deductible expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(2.89</td> <td style="text-align: left">%)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(3.06</td> <td style="text-align: left">%)</td></tr> <tr id="xdx_40C_ecustom--EffectiveIncomeTaxRatePreferentialTaxRateNonDeductibleExpensesAdditional_dp_zmSwAw9sPWw8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Additional deduction of research and development expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(2.46</td> <td style="text-align: left">%)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(17.84</td> <td style="text-align: left">%)</td></tr> <tr id="xdx_409_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_dp_zADdxOhnkAi7" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Change in valuation allowance</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(15.37</td> <td style="padding-bottom: 1pt; text-align: left">%)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">8.31</td> <td style="padding-bottom: 1pt; text-align: left">%</td></tr> <tr id="xdx_40A_ecustom--EffectiveIncomeTaxRateContinuingOperation_dp_zjz75YKnRu51" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Effective tax rate</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">0.28</td> <td style="padding-bottom: 2.5pt; text-align: left">%</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">—</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> (1) WFOE and VIE’s subsidiaries Shenzhen Ruanyun, Jiangxi Alphabet and Huizuoye Ruanyun Zhitou and WFOE were subject to a favorable tax rate of 5% for the years ended March 31, 2026 and 2025. Jiangxi Yunxiaotong, Gongqing Yunxiao, and Chongqing Huizhi were subject to a favorable tax rate of 5% for the years ended March 31, 2026. Jiangxi Ruanyun was recognized as a high-tech enterprise and received a preferential income tax rate of 15%. For the years ended March 31, 2026 and 2025 the tax saving as the result of the favorable tax rate amounted to nil and nil respectively, and per share effect of the favorable tax rate were nil and nil. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 3%; padding-right: 5.65pt; padding-left: 5.65pt"> </td> <td style="width: 6%; padding-right: 5.65pt; padding-left: 5.65pt">b)</td> <td style="width: 91%; padding-right: 5.65pt; padding-left: 5.65pt">Deferred tax assets</td></tr> </table> The principal components of deferred tax assets and deferred tax liabilities are as follows: <table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zCcYQzAzgen5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income Taxes (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Schedule of deferred tax assets and deferred tax liabilities</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20260331_zr74xkKsQpn6" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20250331_z1XHAkuZnwEg" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="7" style="font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_405_eus-gaap--DeferredTaxAssetsNetAbstract_iB_zMmRlDO4kHVf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Deferred tax assets</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--AllowanceForDoubtfulAccountsReceivablesAndOtherReceivables_iI_zUBmXSYsMUVb" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 30pt; width: 56%; text-align: left; text-indent: -10pt">Allowance for doubtful accounts receivables and other receivables</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">880,066</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">59,881</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OperatingLeaseLiability_iI_zd8uKaRqpQU9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Operating lease </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLossCarryforwards_iI_zHOAzfDJYpD6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Net operating loss carrying forwards</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,792,122</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">2,139,793</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DeferredTaxAssetsGross_iI_zPQbm59Y4cId" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total deferred tax assets</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-style: normal; font-weight: normal; text-align: right">2,672,188</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-style: normal; font-weight: normal; text-align: right">2,199,674</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DeferredTaxLiabilitiesAbstract_iB_zulaOKAIlprd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Deferred tax liabilities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseRightOfUseAsset_iI_zeh98qbUiP48" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Operating lease right of use assets</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">—</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">—</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsGross_iI_zmmqzguElbv2" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Deferred tax assets</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,672,188</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,199,674</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_z6DXD91a1HMb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Less: Valuation allowance</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,672,188</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,199,674</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsNet_iI_zd6y9OBs2Jn7" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Deferred tax assets, net</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">—</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">—</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> In assessing the recoverability of its deferred tax assets, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries consider whether some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences become deductible. The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries consider the cumulative earnings and projected future taxable income in making this assessment. Recovery of substantially all of the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries’ deferred tax assets is dependent upon the generation of future income, exclusive of reversing taxable temporary differences. As of March 31, 2026 and 2025, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries incurred accumulated net operating losses. As of March 31, 2026, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries had net operating loss carry forwards of approximately $7,325,115 derived from entities in the PRC, which can be carried forward per tax regulation to offset future taxable income. The PRC taxable losses will expire from 2023 to 2027 if not utilized. The management believes that it is more likely than not that the accumulated net operating losses and other deferred tax assets will not be utilized in the foreseeable future. Accordingly, the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries have provided full valuation allowance for the deferred tax assets as of March 31, 2026 and 2025. The changes in valuation allowance for the years ended March 31, 2026 and 2025 are as follows: <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfValuationAllowanceForImpairmentOfRecognizedServicingAssetsTextBlock_zzfmHUXQ347k" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income Taxes (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of valuation allowance</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20250401__20260331_zSnLu8Ekk4yg" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20240401__20250331_zVAXHZ3agLwe" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_404_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts_iS_zosuNYPwPCmg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Balance at the beginning of the year</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">2,199,674</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">2,283,883</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccountsAdditions_iI_zqpK1EBq8dr6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Additions of valuation allowance</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">472,514</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(84,209</td> <td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts_iE_zazU2CDjonrj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Balance at the end of the year</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,672,188</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,199,674</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> The provisions of ASC 740-10-25, “Accounting for Uncertainty in Income Taxes,” prescribe a more-likely-than-not threshold for consolidated financial statement recognition and measurement of a tax position taken (or expected to be taken) in a tax return. This interpretation also provides guidance on the recognition of income tax assets and liabilities, classification of current and deferred income tax assets and liabilities, accounting for interest and penalties associated with tax positions, and related disclosures. The Company does not believe that there was any uncertain tax position as of March 31, 2026 and 2025. The Company has evaluated the potential applicability of the OECD’s Pillar Two global minimum tax rules, including the Income Inclusion Rule (IIR) and Undertaxed Profits Rule (UTPR). As of the reporting date, the Company is incorporated in the Cayman Islands and conducts substantially all of its operations in PRC. The Company’s annual consolidated revenue is below the €750 million threshold established under the Pillar Two framework. In addition, the PRC has not enacted domestic legislation implementing Pillar Two rules as of March 31, 2026, and the Cayman Islands does not impose corporate income taxes. Accordingly, the Company has concluded that it is not currently subject to the global minimum tax regime, and no top-up tax or related deferred tax impact has been recorded in the consolidated financial statements.

<table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfComponentsOfIncomeTaxExpenseBenefitTableTextBlock_zoTlc46OZH7d" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income Tax (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-indent: -10pt">Schedule of components of loss before income taxes</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non PRC</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98A_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20250401__20260331__us-gaap--IncomeTaxAuthorityNameAxis__custom--NonPRCMember_zqdHvgDkAg1" style="text-align: right" title="loss before income taxes">—</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_983_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20240401__20250331__us-gaap--IncomeTaxAuthorityNameAxis__custom--NonPRCMember_zp3hfFpWL0u7" style="text-align: right" title="loss before income taxes">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-indent: -10pt">PRC</td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_988_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20250401__20260331__us-gaap--IncomeTaxAuthorityNameAxis__custom--PRCMember_z0liBVT8pxJa" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="loss before income taxes">(7,885,573</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_98A_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20240401__20250331__us-gaap--IncomeTaxAuthorityNameAxis__custom--PRCMember_zdYai8XiDTI5" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="loss before income taxes">(519,707</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98E_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20250401__20260331_zT5WPJYJ0ehl" style="border-bottom: Black 2.5pt double; text-align: right" title="loss before income taxes">(7,885,573</td> <td style="padding-bottom: 2.5pt; text-align: left">)</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_988_eus-gaap--OtherComprehensiveIncomeLossBeforeTax_c20240401__20250331_zAMzLOe7I89j" style="border-bottom: Black 2.5pt double; text-align: right" title="loss before income taxes">(519,707</td> <td style="padding-bottom: 2.5pt; text-align: left">)</td></tr> </table>

-7885573

-519707

-7885573

-519707

<table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_zu4dayZGLtPh" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income Taxes (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of effective income tax rate</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20250401__20260331_zsFVZdooxHPe" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_497_20240401__20250331_zk2LpTfAUC2c" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_403_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_dp_zBFEnhXVrW5c" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Statutory income tax rate</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">25.00</td> <td style="width: 1%; text-align: left">%</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">25.00</td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Increase (decrease) in effective income tax rate resulting from</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--EffectiveIncomeTaxRateReconciliationAtProferentialIncomeTaxRate_dp_zUAL0bxmgQHh" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Preferential tax rate in China(1)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(4.00</td> <td style="text-align: left">%)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(12.41</td> <td style="text-align: left">%)</td></tr> <tr id="xdx_402_ecustom--EffectiveIncomeTaxRatePreferentialTaxRateNonDeductibleExpenses_dp_zlM2d0341sr4" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non-deductible expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(2.89</td> <td style="text-align: left">%)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(3.06</td> <td style="text-align: left">%)</td></tr> <tr id="xdx_40C_ecustom--EffectiveIncomeTaxRatePreferentialTaxRateNonDeductibleExpensesAdditional_dp_zmSwAw9sPWw8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Additional deduction of research and development expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(2.46</td> <td style="text-align: left">%)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(17.84</td> <td style="text-align: left">%)</td></tr> <tr id="xdx_409_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_dp_zADdxOhnkAi7" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Change in valuation allowance</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(15.37</td> <td style="padding-bottom: 1pt; text-align: left">%)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">8.31</td> <td style="padding-bottom: 1pt; text-align: left">%</td></tr> <tr id="xdx_40A_ecustom--EffectiveIncomeTaxRateContinuingOperation_dp_zjz75YKnRu51" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Effective tax rate</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">0.28</td> <td style="padding-bottom: 2.5pt; text-align: left">%</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right">—</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> (1) WFOE and VIE’s subsidiaries Shenzhen Ruanyun, Jiangxi Alphabet and Huizuoye Ruanyun Zhitou and WFOE were subject to a favorable tax rate of 5% for the years ended March 31, 2026 and 2025. Jiangxi Yunxiaotong, Gongqing Yunxiao, and Chongqing Huizhi were subject to a favorable tax rate of 5% for the years ended March 31, 2026. Jiangxi Ruanyun was recognized as a high-tech enterprise and received a preferential income tax rate of 15%. For the years ended March 31, 2026 and 2025 the tax saving as the result of the favorable tax rate amounted to nil and nil respectively, and per share effect of the favorable tax rate were nil and nil.

0.2500

-0.0400 -0.1241 -0.0289 -0.0306 -0.0246 -0.1784

-0.1537

0.0831

0.0028

<table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zCcYQzAzgen5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income Taxes (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Schedule of deferred tax assets and deferred tax liabilities</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20260331_zr74xkKsQpn6" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20250331_z1XHAkuZnwEg" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="7" style="font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_405_eus-gaap--DeferredTaxAssetsNetAbstract_iB_zMmRlDO4kHVf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Deferred tax assets</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--AllowanceForDoubtfulAccountsReceivablesAndOtherReceivables_iI_zUBmXSYsMUVb" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 30pt; width: 56%; text-align: left; text-indent: -10pt">Allowance for doubtful accounts receivables and other receivables</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">880,066</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">59,881</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OperatingLeaseLiability_iI_zd8uKaRqpQU9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Operating lease </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--OperatingLossCarryforwards_iI_zHOAzfDJYpD6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Net operating loss carrying forwards</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,792,122</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">2,139,793</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--DeferredTaxAssetsGross_iI_zPQbm59Y4cId" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total deferred tax assets</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-style: normal; font-weight: normal; text-align: right">2,672,188</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-style: normal; font-weight: normal; text-align: right">2,199,674</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--DeferredTaxLiabilitiesAbstract_iB_zulaOKAIlprd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Deferred tax liabilities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseRightOfUseAsset_iI_zeh98qbUiP48" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Operating lease right of use assets</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">—</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">—</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsGross_iI_zmmqzguElbv2" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Deferred tax assets</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,672,188</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,199,674</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_z6DXD91a1HMb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt">Less: Valuation allowance</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,672,188</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(2,199,674</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsNet_iI_zd6y9OBs2Jn7" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Deferred tax assets, net</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">—</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">—</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

880066 59881

1792122

2139793

2672188

2199674

2672188

2199674

2672188

2199674

7325115

<table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfValuationAllowanceForImpairmentOfRecognizedServicingAssetsTextBlock_zzfmHUXQ347k" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Income Taxes (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of valuation allowance</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20250401__20260331_zSnLu8Ekk4yg" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20240401__20250331_zVAXHZ3agLwe" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr id="xdx_404_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts_iS_zosuNYPwPCmg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Balance at the beginning of the year</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">2,199,674</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left">$</td> <td style="width: 12%; text-align: right">2,283,883</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_ecustom--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccountsAdditions_iI_zqpK1EBq8dr6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Additions of valuation allowance</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">472,514</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(84,209</td> <td style="text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts_iE_zazU2CDjonrj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Balance at the end of the year</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,672,188</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left">$</td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,199,674</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table>

2199674

2283883

472514 -84209

2672188

2199674

Note 11 - Segment Information The segments are determined in accordance with the management approach under ASC280. The Company’s CODM, identified as the CEO, regularly reviews financial performance through revenues and gross profit from operations to assess performance and allocate resources. The segment structure is evaluated regularly to ensure consistency with internal management reporting and to reflect any organizational changes or changes in how the CODM allocates resources and evaluates performance. The Company has concluded that consolidated net loss is the primary measure of segment profitability. The CODM assesses performance for the Company, monitors budget versus actual results, and determines how to allocate resources based on consolidated net loss as reported in the consolidated statements of operations and comprehensive loss. There are no other expense categories regularly provided to the CODM that are not already included in the primary financial statements herein. For the year ended March 31, 2026: <table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_z0z4dEUIxZW3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Segment Information (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-indent: -10pt">Schedule of Segment Information</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_490_20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--CampusAndEducationServicesMember_zAZsSoaqpI73" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_499_20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--InternationalEducationTestingMember_zk6BoxPcriTd" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_490_20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--AIApplicationEnterpriseSolutionMember_z005Qt2wMyCc" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_496_20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--TotalMember_ziaJ5EiObca7" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"></td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Campus and education services</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">International education & testing</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">AI application & enterprise solution</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr id="xdx_40F_eus-gaap--Revenues_zNUHcQ47S02b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 40%; font-size: 10pt; text-indent: -10pt">Revenue</td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">6,993,121</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">92,189</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">396,101</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">7,481,411</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CostsAndExpenses_iN_di_z1BD8XpPWBA1" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-indent: -10pt">Cost of sales</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(5,402,824</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(43,781</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(150,961</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(5,596,566</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GrossProfit_zxue5hH6r1Jd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-align: left; text-indent: -10pt">Gross profit</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">1,590,297</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">48,408</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">245,140</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">1,883,845</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table> For the year ended March 31, 2025: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-indent: -10pt"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_490_20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--CampusAndEducationServicesMember_zLVNwM3jIPs6" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_493_20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--InternationalEducationTestingMember_zgWV4rBFDh41" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_49A_20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--AIApplicationEnterpriseSolutionMember_zcbTfSR1MzT2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_497_20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--TotalMember_z9E5FYlpsoA8" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"></td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Campus and education services</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">International education & testing</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">AI application & enterprise solution</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr id="xdx_40F_eus-gaap--Revenues_zEOKGEEyzJ87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 40%; font-size: 10pt; text-indent: -10pt">Revenue</td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">5,841,937</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">—</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">843,450</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">6,685,387</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CostsAndExpenses_iN_di_zlReOWjRUBCg" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-indent: -10pt">Cost of sales</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(2,316,979</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">—</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(575,537</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(2,892,516</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GrossProfit_zeU2VmRuC1s5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-align: left; text-indent: -10pt">Gross profit</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">3,524,958</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">—</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">267,913</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">3,792,871</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table> Substantially all of the Company’s revenue and long-lived assets are located in the PRC, no geographical segment information is presented.

<table cellpadding="0" cellspacing="0" id="xdx_894_eus-gaap--ScheduleOfSegmentReportingInformationBySegmentTextBlock_z0z4dEUIxZW3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Segment Information (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-indent: -10pt">Schedule of Segment Information</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_490_20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--CampusAndEducationServicesMember_zAZsSoaqpI73" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_499_20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--InternationalEducationTestingMember_zk6BoxPcriTd" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_490_20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--AIApplicationEnterpriseSolutionMember_z005Qt2wMyCc" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_496_20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--TotalMember_ziaJ5EiObca7" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"></td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Campus and education services</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">International education & testing</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">AI application & enterprise solution</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr id="xdx_40F_eus-gaap--Revenues_zNUHcQ47S02b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 40%; font-size: 10pt; text-indent: -10pt">Revenue</td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">6,993,121</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">92,189</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">396,101</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">7,481,411</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CostsAndExpenses_iN_di_z1BD8XpPWBA1" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-indent: -10pt">Cost of sales</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(5,402,824</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(43,781</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(150,961</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(5,596,566</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GrossProfit_zxue5hH6r1Jd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-align: left; text-indent: -10pt">Gross profit</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">1,590,297</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">48,408</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">245,140</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">1,883,845</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table> For the year ended March 31, 2025: <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-indent: -10pt"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_490_20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--CampusAndEducationServicesMember_zLVNwM3jIPs6" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_493_20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--InternationalEducationTestingMember_zgWV4rBFDh41" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_49A_20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--AIApplicationEnterpriseSolutionMember_zcbTfSR1MzT2" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_497_20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--TotalMember_z9E5FYlpsoA8" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"></td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Campus and education services</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">International education & testing</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">AI application & enterprise solution</td><td style="font-size: 10pt; font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; font-weight: bold; text-align: center">Total</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr id="xdx_40F_eus-gaap--Revenues_zEOKGEEyzJ87" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 40%; font-size: 10pt; text-indent: -10pt">Revenue</td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">5,841,937</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">—</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">843,450</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td><td style="width: 3%; font-size: 10pt"> </td> <td style="width: 1%; font-size: 10pt; text-align: left">$</td><td style="width: 10%; font-size: 10pt; text-align: right">6,685,387</td><td style="width: 1%; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--CostsAndExpenses_iN_di_zlReOWjRUBCg" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-indent: -10pt">Cost of sales</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(2,316,979</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">—</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(575,537</td><td style="font-size: 10pt; text-align: left">)</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">(2,892,516</td><td style="font-size: 10pt; text-align: left">)</td></tr> <tr id="xdx_402_eus-gaap--GrossProfit_zeU2VmRuC1s5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-align: left; text-indent: -10pt">Gross profit</td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">3,524,958</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">—</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">267,913</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left">$</td><td style="font-size: 10pt; text-align: right">3,792,871</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table>

6993121

92189

396101

7481411

5402824

43781

150961

5596566

1590297

48408

245140

1883845

5841937

843450

6685387

2316979

575537

2892516

3524958

267913

3792871

Note 12 - Equity Ordinary Shares When the Company was incorporated in the Cayman Islands on March 11, 2021, 10,000,000,000 (pre-share consolidation) ordinary shares were authorized and 60,000,000 (pre-share consolidation) were issued to the shareholders at a par value of US$0.0001 (pre-share consolidation) each. Share Consolidation On October 17, 2022, Ruanyun, with the approval of its board of directors and shareholders, effected a 1-for-2 share consolidation of all of its issued and unissued ordinary shares, or the share consolidation, whereby each two ordinary shares of par value of $0.0001 each were consolidated into one ordinary share of par value of $0.0002 each, following which the share capital of Ruanyun was $1,000,000 divided into 5,000,000,000 shares with a par value of $0.0002 each. Any and all fractional shares were rounded up to the nearest whole share. As of July 20, 2026, 37,280,004 ordinary shares of Ruanyun are issued and outstanding. The Company has retroactively restated all share and per share data for all of the periods presented to reflect the share consolidation. Initial Public Offering On April 7, 2025, the Company completed its initial public offering of 3,750,000 ordinary shares at a public offering price of $4.00 per share. On April 17, 2025, the Company received net proceeds from the offering of approximately $12.2 million. Share based compensation On November 15, 2025, the Company issued 300,000 ordinary shares to Ms. Wei Hu, the Company’s Chief Financial Officer, as share-based compensation pursuant to the Company’s 2025 Equity Incentive Plan. These shares vested immediately upon issuance. Accordingly, the Company recognized share-based compensation expense of $225,390, representing the fair value of the shares on the grant date, within general and administrative expenses in the consolidated statements of operations and comprehensive loss. On the same date, the Company issued an additional 300,000 ordinary shares to Mr. Xili Huang, a consultant to the Company and a majority shareholder of Jiangxi Yiluyun Technology Co., Ltd. (a related party), as consideration for professional consulting services rendered. The Company recorded a professional services fee of $225,390 based on the fair value of the shares issued, which was recognized as general and administrative expenses in the consolidated statements of operations and comprehensive loss. Share issuance under equity line of credit On December 17, 2025, the Company entered into an Equity Purchase Agreement establishing an Equity Line of Credit (the “ELOC”) with ARC Group International Ltd. (“ARC”). Under the terms of the ELOC, the Company holds the unilateral right, but not the obligation, to direct ARC to purchase up to $100,000,000 of the Company’s ordinary shares over a 36-month commitment window. As consideration for ARC’s commitment, the Company issued 1,200,000 ordinary shares, which were recorded at their grant-date fair value of $1,320,000 at $1.10 per share as a credit to equity and capitalized as Deferred Offering Costs within non-current assets. These deferred costs are amortized on a pro-rata basis into Additional Paid-in Capital as a direct issuance cost when drawdowns occur, or expensed immediately in the consolidated statements of operations if the ELOC expires or is terminated before full utilization. As of July 20, 2026, no share sales or drawdowns had occurred, and the capitalized asset remained unamortized at $1,320,000. As noted in Note 1 “Organization and Principal Activities”, the incorporation and issuance of ordinary shares are part of the reorganization and are presented as if the transaction became effective as of the beginning of the first period presented in the accompanying consolidated financial statements of the Company. Non-controlling interest As of March 31, 2026, the Company’s non-controlling interest represented 28.6% equity interest of Jiangxi Alphabet, 49.0% of Huizuoye, 40% equity interest of Chongqing Huizhi and 49% equity interest of Jiangxi Yunxiaotong. As of March 31, 2025, the Company’s non-controlling interest represented 28.6% equity interest of Jiangxi Alphabet, 35.0% equity interest of Jiangxi Jiaotou Technology Co., Ltd, 49.0% of Huizuoye and <span id="xdx_908_ecustom--NoncontrollingEquityInterestRate_iI_dp_c20250331__srt--OwnershipAxis__custom--InnerMongoliaMengyunDigitalTechnologyCoLtdMember_zWDPkjiEttxe" title="non-controlling equity interest rate">51.0% of Inner Mongolia Mengyun Digital Technology Co., Ltd.

4.00

225390

On December 17, 2025, the Company entered into an Equity Purchase Agreement establishing an Equity Line of Credit (the “ELOC”) with ARC Group International Ltd. (“ARC”). Under the terms of the ELOC, the Company holds the unilateral right, but not the obligation, to direct ARC to purchase up to $100,000,000 of the Company’s ordinary shares over a 36-month commitment window. As consideration for ARC’s commitment, the Company issued 1,200,000 ordinary shares, which were recorded at their grant-date fair value of $1,320,000 at $1.10 per share as a credit to equity and capitalized as Deferred Offering Costs within non-current assets. These deferred costs are amortized on a pro-rata basis into Additional Paid-in Capital as a direct issuance cost when drawdowns occur, or expensed immediately in the consolidated statements of operations if the ELOC expires or is terminated before full utilization. As of July 20, 2026, no share sales or drawdowns had occurred, and the capitalized asset remained unamortized at $1,320,000. 0.286 0.490 0.40 0.49 0.286 0.350 0.490 0.510

Note 13 - Related Party Balance and Transactions <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 5%; padding-right: 5.65pt; padding-left: 5.65pt">(a)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Related parties </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-indent: 0pt">Name of related parties</td> <td style="padding: 0pt; text-indent: 0pt">Relation with the Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries</td></tr> <tr style="vertical-align: top; background-color: White"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-indent: 0pt">Ms. Yan Fu</td> <td style="padding: 0pt; text-indent: 0pt">The Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun</td></tr> <tr style="vertical-align: top; background-color: White"> <td style="padding: 0pt; text-indent: 0pt">Ms. Wei Hu</td> <td style="padding: 0pt; text-indent: 0pt">The Company’s chief financial officer</td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-indent: 0pt">Mr. Cong Zhao</td> <td style="padding: 0pt; text-indent: 0pt">The Company’s chief technology officer</td></tr> <tr style="vertical-align: top; background-color: White"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-indent: 0pt">Mr. Linhua Wan</td> <td style="padding: 0pt; text-indent: 0pt">A management staff member of the Jiangxi Alphabet</td></tr> <tr style="vertical-align: top; background-color: White"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-indent: 0pt">Mr. Xili Huang</td> <td style="padding: 0pt; text-indent: 0pt">A majority shareholder of Jiangxi Yiluyun Technology Co., Ltd.</td></tr> <tr style="vertical-align: top; background-color: White"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-indent: 0pt">Nanchang Institute of Science & Technology</td> <td style="padding: 0pt; text-indent: 0pt">The legal representative of Nanchang Institute of Science & Technology is also a shareholder of Jiangxi Ruanyun</td></tr> <tr style="vertical-align: top; background-color: White"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-indent: 0pt">AI Soft Cloud LLC </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Mr. Cong Zhao, the Company’s chief technology officer, is the legal representative </td></tr> <tr style="vertical-align: top; background-color: White"> <td style="padding: 0pt; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt"> </td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="padding: 0pt; text-indent: 0pt">Link Door Smart Company </td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">Ms. Yan Fu, the Company’s chief executive officer, is the majority shareholder and Mr. Cong Zhao, the Company’s chief technology officer, is the minority shareholder </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding: 0pt; width: 4%; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt">(b)</td> <td style="padding: 0pt; width: 91%; text-align: justify; text-indent: 0pt">The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries had the following related party balances as of March 31, 2026 and 2025:</td></tr> </table> <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_zUbnZZ3UuFt" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Related Party Balance and Transactions (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of amount due from related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Accounts receivable, net from related party:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Nanchang Institute of Science & Technology(4)</td> <td style="width: 8%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td> <td id="xdx_982_eus-gaap--IncreaseDecreaseInAccountsReceivableRelatedParties_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_zQCyNCEu6v1e" style="border-bottom: Black 2.5pt double; width: 12%; text-align: right" title="Accounts receivable, net from related party">332,391</td> <td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td> <td style="width: 8%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td> <td id="xdx_98F_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_zQagDhXIqQk4" style="border-bottom: Black 2.5pt double; width: 12%; text-align: right" title="Amount due from related parties">—</td> <td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Amount due from related parties:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Mr. Cong Zhao(1) (2)</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_988_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MrCongZhaoMember_zmOq98Opgshl" style="text-align: right" title="Amount due from related parties">21,745</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_984_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MrCongZhaoMember_zl9GVVeDfJad" style="text-align: right" title="Amount due from related parties">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ms. Xing Xie(1)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_988_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MsXingXieMember_z1yoGKR0hOT9" style="text-align: right" title="Amount due from related parties">—</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MsXingXieMember_z1ECZ7lDrjt2" style="text-align: right" title="Amount due from related parties">5,512</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Mr. Xili Huang(1)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98B_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MrXiliHuangMember_zlpN7c9tFaI7" style="border-bottom: Black 1pt solid; text-align: right" title="Amount due from related parties">—</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MrXiliHuangMember_zoyJszcevE78" style="border-bottom: Black 1pt solid; text-align: right" title="Amount due from related parties">5,898</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98B_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20250401__20260331_zlmqHr2yuGW7" style="border-bottom: Black 2.5pt double; text-align: right" title="Amount due from related parties">21,745</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98C_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20240401__20250331_zLmmQQtHKyXa" style="border-bottom: Black 2.5pt double; text-align: right" title="Amount due from related parties">11,410</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Amount due to related parties:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ms. Yan Fu(3)</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_980_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MsYanFuMember_zDgQCQsYeCY8" style="text-align: right" title="Amount due to related parties">45,540</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_986_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MsYanFuMember_zIwMiN6ioBd7" style="text-align: right" title="Amount due to related parties">43,289</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Nanchang Institute of Science & Technology (5)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98F_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_znCcdc4DOvU7" style="border-bottom: Black 1pt solid; text-align: right" title="Amount due to related parties">12,942</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_987_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_zciTp2FuHMe6" style="border-bottom: Black 1pt solid; text-align: right" title="Amount due to related parties">—</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; color: White; text-indent: -10pt"> Total</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_983_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20250401__20260331_zYfIPfvPSOag" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Amount due to related parties">58,483</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_982_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20240401__20250331_zMw5X3Wa5LHb" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Amount due to related parties">43,289</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> (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. <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="padding: 0pt; width: 4%; text-indent: 0pt"> </td> <td style="padding: 0pt; text-indent: 0pt">(c)</td> <td style="padding: 0pt; text-align: justify; text-indent: 0pt">The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries had the following related party transactions for the years ended March 31, 2026 and 2025:</td></tr> </table> <table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--SubsidiariesTabileTextBlock_z11hFDR1SHb3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Related Party Balance and Transactions (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td> </td> <td style="text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="7" style="font-weight: bold; text-align: center">For the Years Ended</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Nature</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31, 2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31, 2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 30%; text-align: left; text-indent: -10pt">Nanchang Institute of Science & Technology</td> <td style="width: 2%"> </td> <td style="width: 30%; text-align: left">Sales made during the year</td> <td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_987_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_zm5XWTQpwsui" style="width: 15%; text-align: right">815,372</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td> <td id="xdx_989_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_zIzdphDputC8" style="width: 15%; font-weight: bold; text-align: right">—</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">AI Soft Cloud LLC </td> <td> </td> <td style="text-align: left">Sales made during the year </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98F_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--AISoftCloudLLCMember_zuCSzkgrs4O4" style="text-align: right">710,280</td> <td style="text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td> <td id="xdx_983_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--AISoftCloudLLCMember_z7qiH7kXsxt1" style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Link Door Smart Company </td> <td> </td> <td style="text-align: left">Sales made during the year </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_983_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--LinkDoorSmartCompanyMember_zGdfXucWbvUi" style="text-align: right">532,055 </td> <td style="text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td> <td id="xdx_981_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--LinkDoorSmartCompanyMember_zHv5v7b3M0Hd" style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ms. Wei Hu</td> <td> </td> <td>Share-based compensation</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98C_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MsWeiHuMember_zeMk4sA4AW2d" style="text-align: right">225,390</td> <td style="text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td> <td id="xdx_982_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MsWeiHuMember_zIESiyiL1ZGi" style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Mr. Xili Huang</td> <td> </td> <td>Share-based compensation</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98B_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MrXiliHuangMember_z2UgRyVsVvr3" style="text-align: right">225,390</td> <td style="text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td> <td id="xdx_980_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MrXiliHuangMember_z39UNpiJYALj" style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td></tr> </table>

<table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_zUbnZZ3UuFt" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Related Party Balance and Transactions (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Schedule of amount due from related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of March 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2026</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Accounts receivable, net from related party:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Nanchang Institute of Science & Technology(4)</td> <td style="width: 8%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td> <td id="xdx_982_eus-gaap--IncreaseDecreaseInAccountsReceivableRelatedParties_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_zQCyNCEu6v1e" style="border-bottom: Black 2.5pt double; width: 12%; text-align: right" title="Accounts receivable, net from related party">332,391</td> <td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td> <td style="width: 8%; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; width: 1%; text-align: left">$</td> <td id="xdx_98F_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_zQagDhXIqQk4" style="border-bottom: Black 2.5pt double; width: 12%; text-align: right" title="Amount due from related parties">—</td> <td style="width: 1%; padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Amount due from related parties:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Mr. Cong Zhao(1) (2)</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_988_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MrCongZhaoMember_zmOq98Opgshl" style="text-align: right" title="Amount due from related parties">21,745</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_984_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MrCongZhaoMember_zl9GVVeDfJad" style="text-align: right" title="Amount due from related parties">—</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ms. Xing Xie(1)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_988_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MsXingXieMember_z1yoGKR0hOT9" style="text-align: right" title="Amount due from related parties">—</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MsXingXieMember_z1ECZ7lDrjt2" style="text-align: right" title="Amount due from related parties">5,512</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Mr. Xili Huang(1)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98B_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MrXiliHuangMember_zlpN7c9tFaI7" style="border-bottom: Black 1pt solid; text-align: right" title="Amount due from related parties">—</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MrXiliHuangMember_zoyJszcevE78" style="border-bottom: Black 1pt solid; text-align: right" title="Amount due from related parties">5,898</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98B_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20250401__20260331_zlmqHr2yuGW7" style="border-bottom: Black 2.5pt double; text-align: right" title="Amount due from related parties">21,745</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_98C_eus-gaap--RelatedPartyTaxExpenseDueFromAffiliatesCurrent_c20240401__20250331_zLmmQQtHKyXa" style="border-bottom: Black 2.5pt double; text-align: right" title="Amount due from related parties">11,410</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Amount due to related parties:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ms. Yan Fu(3)</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_980_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MsYanFuMember_zDgQCQsYeCY8" style="text-align: right" title="Amount due to related parties">45,540</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_986_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MsYanFuMember_zIwMiN6ioBd7" style="text-align: right" title="Amount due to related parties">43,289</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Nanchang Institute of Science & Technology (5)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98F_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_znCcdc4DOvU7" style="border-bottom: Black 1pt solid; text-align: right" title="Amount due to related parties">12,942</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_987_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_zciTp2FuHMe6" style="border-bottom: Black 1pt solid; text-align: right" title="Amount due to related parties">—</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; color: White; text-indent: -10pt"> Total</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_983_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20250401__20260331_zYfIPfvPSOag" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Amount due to related parties">58,483</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left">$</td> <td id="xdx_982_eus-gaap--RelatedPartyTaxExpenseDueToAffiliatesCurrent_c20240401__20250331_zMw5X3Wa5LHb" style="border-bottom: Black 2.5pt double; text-align: right" title="Total Amount due to related parties">43,289</td> <td style="padding-bottom: 2.5pt; text-align: left"> </td></tr> </table> (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.

332391

21745

5512

5898

21745

11410

45540

43289

12942

58483

43289

<table cellpadding="0" cellspacing="0" id="xdx_897_ecustom--SubsidiariesTabileTextBlock_z11hFDR1SHb3" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Related Party Balance and Transactions (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right"> </td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td> </td> <td style="text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="7" style="font-weight: bold; text-align: center">For the Years Ended</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Nature</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31, 2026</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">March 31, 2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 30%; text-align: left; text-indent: -10pt">Nanchang Institute of Science & Technology</td> <td style="width: 2%"> </td> <td style="width: 30%; text-align: left">Sales made during the year</td> <td style="width: 2%"> </td> <td style="width: 1%; text-align: left">$</td> <td id="xdx_987_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_zm5XWTQpwsui" style="width: 15%; text-align: right">815,372</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 2%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left">$</td> <td id="xdx_989_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--NanchangInstituteOfScienceTechnologyMember_zIzdphDputC8" style="width: 15%; font-weight: bold; text-align: right">—</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">AI Soft Cloud LLC </td> <td> </td> <td style="text-align: left">Sales made during the year </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98F_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--AISoftCloudLLCMember_zuCSzkgrs4O4" style="text-align: right">710,280</td> <td style="text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td> <td id="xdx_983_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--AISoftCloudLLCMember_z7qiH7kXsxt1" style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Link Door Smart Company </td> <td> </td> <td style="text-align: left">Sales made during the year </td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_983_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--LinkDoorSmartCompanyMember_zGdfXucWbvUi" style="text-align: right">532,055 </td> <td style="text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td> <td id="xdx_981_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--LinkDoorSmartCompanyMember_zHv5v7b3M0Hd" style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ms. Wei Hu</td> <td> </td> <td>Share-based compensation</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98C_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MsWeiHuMember_zeMk4sA4AW2d" style="text-align: right">225,390</td> <td style="text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td> <td id="xdx_982_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MsWeiHuMember_zIESiyiL1ZGi" style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Mr. Xili Huang</td> <td> </td> <td>Share-based compensation</td> <td> </td> <td style="text-align: left">$</td> <td id="xdx_98B_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20250401__20260331__us-gaap--RelatedPartyTransactionAxis__custom--MrXiliHuangMember_z2UgRyVsVvr3" style="text-align: right">225,390</td> <td style="text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">$</td> <td id="xdx_980_eus-gaap--RelatedPartyTransactionAmountsOfTransaction_c20240401__20250331__us-gaap--RelatedPartyTransactionAxis__custom--MrXiliHuangMember_z39UNpiJYALj" style="font-weight: bold; text-align: right">—</td> <td style="font-weight: bold; text-align: left"> </td></tr> </table> Sales made during the year

815372

Sales made during the year

710280

Sales made during the year

532055

Share-based compensation

225390

Share-based compensation

225390

Note 14 - Commitments <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 4%; padding-right: 5.65pt; padding-left: 5.65pt">a)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Operating lease commitments</td></tr> </table> The short-term leases of the Company mainly consisted of office leasing. As of March 31,2026, the minimum future commitments under these agreements are as follows: <table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfFutureMinimumRentalPaymentForOperatingLeasesTableTextBlock_zlwGm3uWvHM2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Commitments (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-align: left; text-indent: -10pt">Schedule of minimum future commitments</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_49A_20260331_zwiklXlHhIV4" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">For the year ending March 31,</td><td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">Operating Leases</td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: left"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_iI_zcqHghLYVEp1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 57%; font-size: 10pt; text-align: left; text-indent: -10pt">2027</td><td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left"> </td><td style="width: 10%; font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 30%; font-size: 10pt; text-align: right">55,174</td><td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_zhmpfjMufg0e" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-align: left; text-indent: -10pt">Total</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">55,174</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 4%; padding-right: 5.65pt; padding-left: 5.65pt">b)</td> <td style="padding-right: 5.65pt; padding-left: 5.65pt">Capital and other commitments</td></tr> </table> The Company, its wholly-owned subsidiaries, VIE and VIE’s subsidiaries did not have material capital and other commitments as of March 31, 2026.

<table cellpadding="0" cellspacing="0" id="xdx_89F_ecustom--ScheduleOfFutureMinimumRentalPaymentForOperatingLeasesTableTextBlock_zlwGm3uWvHM2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - Commitments (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-align: left; text-indent: -10pt">Schedule of minimum future commitments</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td id="xdx_49A_20260331_zwiklXlHhIV4" style="font-size: 10pt; text-align: right"> </td><td style="font-size: 10pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: left">For the year ending March 31,</td><td style="font-size: 10pt; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-size: 10pt; text-align: center">Operating Leases</td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: left"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr id="xdx_40C_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_iI_zcqHghLYVEp1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 57%; font-size: 10pt; text-align: left; text-indent: -10pt">2027</td><td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left"> </td><td style="width: 10%; font-size: 10pt; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; font-size: 10pt; text-align: left"> </td><td style="border-bottom: Black 1pt solid; width: 30%; font-size: 10pt; text-align: right">55,174</td><td style="width: 1%; padding-bottom: 1pt; font-size: 10pt; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_zhmpfjMufg0e" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-size: 10pt; text-align: left; text-indent: -10pt">Total</td><td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt"> </td> <td style="font-size: 10pt; text-align: left"> </td><td style="font-size: 10pt; text-align: right">55,174</td><td style="font-size: 10pt; text-align: left"> </td></tr> </table>

55174

Note 15 - Subsequent Events On April 1, 2026, Jiangxi Ruanyun entered into a license agreement with Link Door Smart Company, or Link Door, a Saudi Arabia based entity 75% owned by Ms. Yan Fu, the Company’s chief executive officer, and 25% owned by Mr. Cong Zhao, the Company’s chief technology officer, to deploy the HanLink platform in Saudi Arabia for a fixed license fee of RMB 10,000 for the initial customer arrangement. On April 7, 2026, the Company completed an equity financing to issue and sell a total of 1.73 million ordinary shares at the price of $1.00 per share for gross proceeds of approximately $1.73 million. On April 30, 2026, the Company established Formind Global Holdings Sdn. Bhd., a wholly owned subsidiary registered in Malaysia, in connection with its international expansion initiatives. On May 8, 2026, Jiangxi Ruanyun entered into a one-year loan agreement with Bank of Beijing for RMB9,800,000 ($1.4 million) at an annual interest rate of 3.15%. This loan was guaranteed by Ms. Yan Fu, the Company’s director and chief executive officer and the chief executive officer of Jiangxi Ruanyun.

1730000

0.0315