SHORT TERM LOAN RELATED PARTIES |
3 Months Ended | ||||||||||||||||||||||||||||||
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Jun. 30, 2026 | |||||||||||||||||||||||||||||||
| SHORT TERM LOAN RELATED PARTIES | |||||||||||||||||||||||||||||||
| SHORT-TERM LOAN - RELATED PARTIES | NOTE 6 – SHORT-TERM LOAN – RELATED PARTIES
The following is a list of related parties which the Company had transactions with during the three months ended June 30, 2026 and 2025:
Short-term loan of $296,569 consists of two loans from Ms. Wu Fengqun, one loan from Ms Huang Jing, and one loan from Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd.
The two loans from Ms. Wu Fengqun, the former major shareholder of the Company, are $166,732 in total, which consists of loan in the amount of $122,815 (RMB834,673), annual fixed interest of $100, and loan in the amount of $43,917 (HKD344,345), annual fixed interest of $50. These two loans were extended to mature on March 31, 2027 without interest.
Short-term loan of $104,823 (RMB712,400) refers to the loan from Ms. Huang Jing, a related party of the Company. The loan matures on March 31, 2027 without interest.
Short-term loan of $25,014 (RMB170,000) refers to the loan from Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd, a related party of the Company due to the fact that Ms. Wu Fengqun serves as the legal representative of Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd.
As of June 30, 2026 and March 31, 2026, short-term loan – related parties outstanding was $296,569 and $292,333 respectively. |