| Schedule of Concentration Risk Percent |
For
the six and three months ended June 30, 2026 and 2025, the Company’s revenues from major customers that accounted for more than
10% of total revenue were as follows:
Schedule
of Concentration Risk Percent
| | |
Six months ended June 30, 2026 | | |
Three months ended June 30, 2026 | | |
Six months ended June 30, 2025 | | |
Three months ended June 30, 2025 | |
| | |
Amount | | |
% of
Total
Revenue | | |
Amount | | |
% of
Total
Revenue | | |
Amount | | |
% of
Total
Revenue | | |
Amount e | | |
% of
Total
Revenue | |
| Customer D | |
| 6,038,954 | | |
| 100 | % | |
| 2,774,030 | | |
| 100 | % | |
| - | | |
| - | % | |
| - | | |
| - | % |
| | |
As of
June 30, 2026 | | |
As of
December 31, 2025 | |
| | |
Accounts Receivable | | |
% of Total Accounts Receivable | | |
Accounts Receivable | | |
% of Total Accounts Receivable | |
| Customer D | |
$ | 8,545,150 | | |
| 100 | % | |
$ | 2,506,196 | | |
| 76 | % |
| ● |
Customer
D: Shanghai Huaxin Economic and Trade Co., Ltd. (“Shanghai Huaxin”), a related party, as 10% of its equity interest is
held by Xingxiu Hua, the Chief Executive Officer of Rubber Leaf Inc., with the remaining 90% equity interest held by unrelated third-party
shareholders, and neither Rubber Leaf Inc. nor its management has control over or significant influence on Shanghai Huaxin. |
Major
vendors
For
the six and three months ended June 30, 2026 and 2025, the Company made purchases from major vendors that accounted for more than 10%
of total purchases as follows:
| | |
Six months ended June 30, 2026 | | |
Three months ended June 30, 2026 | | |
Six months ended June 30, 2025 | | |
Three months ended June 30, 2025 | |
| | |
Amount | | |
% of
Total
Purchase | | |
Amount | | |
% of
Total
Purchase | | |
Amount | | |
% of
Total
Purchase | | |
Amount | | |
% of
Total
Purchase | |
| Vendor C | |
| 5,815,774 | | |
| 100 | % | |
| 2,836,195 | | |
| 100 | % | |
| - | | |
| - | | |
| - | | |
| - | |
| | |
As of
June 30, 2026 | | |
As of
December 31, 2025 | |
| | |
Accounts Payable | | |
% of Total Accounts Payable | | |
Accounts Payable | | |
% of Total Accounts Payable | |
| Vendor C | |
$ | 4,505,382 | | |
| 100 | % | |
$ | 2,498,787 | | |
| 100 | % |
| ● |
Vendor
C: Shanghai Yongliansen Import and Export Trading Company (“Yongliansen”), a related party. |
|
For
the years ended December 31, 2025 and 2024, the Company’s revenues from two major customers accounted more than 10% of the total
revenue were as following:
Schedule of Concentration Risk Percent
| | |
Year ended
December 31, 2025 | | |
As of
December 31, 2025 | | |
Year ended
December 31, 2024 | |
|
As of
December 31, 2024 | |
| | |
Amount | | |
% of
Total
Revenue | | |
Accounts
Receivable | | |
% of Total
Accounts
Receivable | | |
Amount | | |
% of
Total
Revenue | |
|
Accounts
Receivable | | |
% of Total
Accounts
Receivable | |
| Customer B | |
$ | 2,398,185 | | |
| 49 | % | |
$ | 788,834 | | |
| 24 | % | |
$ | - | | |
| - | % |
|
$ | - | | |
| - | % |
| Customer D | |
$ | 2,506,196 | | |
| 51 | % | |
$ | 2,506,196 | | |
| 76 | % | |
$ | - | | |
| - | |
|
$ | - | | |
| - | |
| ● |
Customer B: Shanghai Xinsen
Import & Export Co., Ltd (“Shanghai Xinsen”), a related party that sells the Company’s products to Shanghai
Hongyang Sealing Co., Ltd. (“Shanghai Hongyang”) and Wuhu Huichi Auto Parts Co., Ltd. (“Wuhu Huichi”), two
unrelated parties of RLHK and the Company, and certified first-tier suppliers of Auto Manufacturers. Shanghai Xinsen also charges
an OEM processing fee to Zhejiang Xiangjin Autoparts Co., Ltd. (“Xiangjin”) for orders that are outsourced to us. |
| ● |
Customer D: Shanghai Huaxin
Economic and Trade Co., Ltd. (“Shanghai Huaxin”), a related party, as 10% of its equity interest is held by Xingxiu Hua,
the Chief Executive Officer of Rubber Leaf Inc., with the remaining 90% equity interest held by unrelated third-party shareholders,
and neither Rubber Leaf Inc. nor its management has control over or significant influence on Shanghai Huaxin. |
Major
vendors
For
the years ended December 31, 2025 and 2024, the Company made purchases from the major vendors accounted more than 10% of the total purchases
were as following:
| | |
Year ended
December 31, 2025 | | |
As of
December 31, 2025 | | |
Year ended
December 31, 2024 | | |
As of
December 31, 2024 | |
| | |
Amount | | |
% of Total
Purchase | | |
Accounts
payable | | |
% of Total
Accounts
Payable | | |
Amount | | |
% of Total
Purchase | | |
Accounts
payable | | |
% of Total
Accounts
Payable | |
| Vendor C | |
$ | 4,109,128 | | |
| 100 | % | |
$ | 2,498,787 | | |
| 100 | % | |
$ | - | | |
| - | | |
$ | - | | |
| - | |
| ● |
Vendor C: Shanghai Yongliansen
Import and Export Trading Company (“Yongliansen”), a related party. |
|