| Credit facilities |
Note 9 – Credit facilities
Short-term loans – banks
Outstanding balances on short-term bank loans consist
of the following as of March 31, 2026:
| Schedule of short term bank loans |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Bank Name |
|
Maturities |
|
Interest
Rate |
|
Collateral/Guarantee |
|
Amount |
| |
|
|
|
|
|
|
|
(Unaudited) |
| Bank of China |
|
|
November 24, 2026 |
|
|
|
3.00 |
% |
|
Ke Chen and Jinshan Yao acted as co-borrower |
|
$ |
724,847 |
|
| Bank of China |
|
|
November 20, 2026 |
|
|
|
3.00 |
% |
|
Ke Chen and Jinshan Yao acted as co-borrower |
|
|
434,909 |
|
| Bank of Chengdu |
|
|
December 7, 2026 |
|
|
|
3.20 |
% |
|
Guaranteed by Ke Chen and Jinshan Yao |
|
|
724,848 |
|
| Industrial and Commercial Bank of China |
|
|
July 27, 2026 |
|
|
|
3.10 |
% |
|
Guaranteed by Chengdu Tiantou Financing Guarantee Co., Ltd. |
|
|
501,595 |
|
| Industrial and Commercial Bank of China |
|
|
July 30, 2026 |
|
|
|
3.10 |
% |
|
Guaranteed by Chengdu Tiantou Financing Guarantee Co., Ltd. |
|
|
72,485 |
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,458,684 |
|
Outstanding balances on short-term bank loans consist
of the following as of September 30, 2025:
| Bank Name |
|
Maturities |
|
Interest
Rate |
|
Collateral/Guarantee |
|
Amount |
| |
|
|
|
|
|
|
|
|
| Bank of China |
|
|
November 24 2025 (Fully repaid in November 2025) |
|
|
|
3.10 |
% |
|
No collateral or guarantee |
|
$ |
702,345 |
|
| Bank of China |
|
|
November 20, 2025 (Fully repaid in November 2025) |
|
|
|
3.10 |
% |
|
No collateral or guarantee |
|
|
421,408 |
|
| Bank of Chengdu |
|
|
December 2, 2025 (Fully repaid in December 2025) |
|
|
|
3.60 |
% |
|
Guaranteed by Ke Chen and Jinshan Yao |
|
|
153,111 |
|
| Bank of Chengdu |
|
|
December 9, 2025 (Fully repaid in December 2025) |
|
|
|
3.60 |
% |
|
Guaranteed by Ke Chen and Jinshan Yao |
|
|
421,408 |
|
| Industrial and Commercial Bank of China |
|
|
July 27, 2026 |
|
|
|
3.10 |
% |
|
Guaranteed by Chengdu Tiantou Financing Guarantee Co., Ltd. |
|
|
486,023 |
|
| Industrial and Commercial Bank of China |
|
|
July 30, 2026 |
|
|
|
3.10 |
% |
|
Guaranteed by Chengdu Tiantou Financing Guarantee Co., Ltd. |
|
|
70,235 |
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
$ |
2,254,530 |
|
Long-term loans – banks
Outstanding balances on long-term bank loans consist
of the following as of March 31, 2026:
| Bank Name |
|
Maturities |
|
Interest
Rate |
|
Collateral/Guarantee |
|
Amount |
| |
|
|
|
|
|
|
|
(Unaudited) |
| Weizhong Bank |
|
|
December 23, 2026 |
|
|
|
10.44 |
% |
|
Guaranteed by Ke Chen |
|
$ |
124,260 |
|
| Weizhong Bank |
|
|
November 23, 2027 |
|
|
|
10.99 |
% |
|
Guaranteed by Ke Chen and Mianyang Xinxing Financing Guarantee Co., Ltd. |
|
|
138,066 |
|
| Bank of Chengdu |
|
|
December 21, 2027 |
|
|
|
3.20 |
% |
|
Guaranteed by Ke Chen and Jinshan Yao and pledged by a real estate property owned by Jinshan Yao and Ke Chen |
|
|
405,915 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
$ |
668,241 |
|
Outstanding balances on long-term bank loans consist
of the following as of September 30, 2025:
| Bank Name |
|
Maturities |
|
Interest
Rate |
|
Collateral/Guarantee |
|
Amount |
| |
|
|
|
|
|
|
|
|
| Weizhong Bank |
|
|
December 23, 2026 |
|
|
|
10.44 |
% |
|
Guaranteed by Ke Chen |
|
$ |
200,670 |
|
| Bank of Chengdu |
|
|
December 20, 2025 (Fully repaid in December 2025) |
|
|
|
4.00 |
% |
|
Guaranteed by Ke Chen and Jinshan Yao and pledged by two real estate properties owned by Ke Chen, Jinshan Yao and Ke Chen’s immediate family |
|
|
561,877 |
|
| Total |
|
|
|
|
|
|
|
|
|
|
|
$ |
762,547 |
|
Long-term loans – a third party
Outstanding balances on long-term third-party loans
consist of the following as of March 31, 2026:
| Schedule of long term
loans | |
| | | |
| | | |
| |
| | |
| Bank Name | |
Maturities | |
Interest
Rate | |
Collateral/Guarantee | |
Amount |
| | |
| |
| |
| |
(Unaudited) |
| Huaneng Guicheng Trust | |
| December 23, 2026 | | |
| 10.44 | % | |
Guaranteed by Ke Chen | |
$ | 62,130 | |
Outstanding balances on long-term third-party loans
consist of the following as of September 30, 2025:
| Bank Name | |
Maturities | |
Interest
Rate | |
Collateral/Guarantee | |
Amount |
| | |
| |
| |
| |
|
| Huaneng Guicheng Trust | |
| December 23, 2026 | | |
| 10.44 | % | |
Guaranteed by Ke Chen | |
$ | 100,335 | |
Interest expense pertaining to the above loans for
the six months ended March 31, 2026 and 2025 amounted to $60,988 and $57,566, respectively.
|