v3.26.1
Related party transactions
 6 Months Ended
Mar. 31, 2026
Related party transactions  
Related party transactions

Note 19 — Related party transactions

 

The relationship and the nature of related party transactions are summarized as follows:

 

Name of related party

Relationship to the Company

Nature of transactions

Zhejiang Tantech Bamboo Technology Co., Ltd

Under common control of Mr. Zhengyu Wang and Ms. Yefang Zhang, CEO of the Company

Lease factory building to the Company and charging water and electricity for offices leased to the Company.

Yefang Zhang

Chief Executive Officer of the Company

Payment of expenses for the Company.

Zhengyu Wang

Mr. Zhengyu Wang is Ms. Yefang Zhang's husband

Non-competition agreement

Centurynew USA Inc

CEO Yefang Zhang controls the company.

Payment of expenses for the Company.

Epakia Inc.

A Subsidiary of Tantech Holdings Ltd Group. Yefang Zhang serves as a Chairwoman of the board of directors of Tantech Holdings Ltd

Payment of expenses for the related party

 

Due from a related party

 

Due from a related party consisted of the following:

 

 

 

 

As of

 

 

As of

 

 

 

 

March 31,

 

 

September 30,

 

 

 

 

2026

 

 

2025

 

Due from related parties

 

Name of related parties

 

(unaudited)

 

 

(audited)

 

Other receivables

 

Epakia Inc.

 

$35,000

 

 

 

-

 

Total

 

 

 

$35,000

 

 

 

-

 

 

Amount due from Epakia Inc. was related to payment of expenses on behalf of a related party. Amount was due on demand and non-interest bearing.

 

Due to related parties

 

Due to related parties consisted of the following:

 

 

 

 

As of

 

 

As of

 

 

 

 

March 31,

 

 

September 30,

 

 

 

 

2026

 

 

2025

 

Due to related parties

 

Name of related parties

 

(unaudited)

 

 

(audited)

 

Other payable

 

Centurynew USA Inc

 

$3,600,008

 

 

 

-

 

Other payable

 

Yefang Zhang

 

 

227,773

 

 

$241,773

 

Other payable

 

Zhejiang Tantech Bamboo Technology Co., Ltd.

 

 

64,232

 

 

 

52,146

 

Total

 

 

 

$3,892,013

 

 

$293,919

 

 

Amount due to Centurynew USA Inc and Yefang Zhang was related to payment of expenses by related parties for the Company. Amounts were due on demand and non-interest bearing.

 

Amount due to Zhejiang Tantech Bamboo Technology Co., Ltd. was related to lease, water and electricity expenses for offices leased to the Company.

 

Sales to related parties

 

The Company periodically sells merchandise to its affiliates during the ordinary course of business. For the six months ended March 31, 2026, and 2025, the Company recorded sales to related parties of nil and $137, respectively.

 

Operating leases from related parties

 

The following table summarizes operating leases with related party, Zhejiang Tantech Bamboo Technology Co., Ltd, detailing lease begin date, lease end date, leasing purpose, leasing area in square meters, and annual rent in RMB and its equivalent in USD.

 

Zhejiang Tantech Bamboo Technology Co., Ltd.

 

 Lease No 1

 

Lease begin date

 

March 1, 2023

 

Lease end date

 

February 29, 2028

 

Leasing purpose

 

Office

 

Annual rent in RMB

 

 

131,835

 

Annual rent in USD

 

$18,817

 

Area (in square meters)

 

 

479

 

 

For the six months ended March 31, 2026, and 2025, the Company incurred lease expenses of $9,409 and $38,258, respectively.

 

Non-Competition Agreement

 

The Company and Forasen Group signed a Non-Competition Agreement which provides that Forasen Group should not engage in any business that the Company engages in, except purchasing products from us. In addition, Mr. Wang and Ms. Zhang signed a Non-Competition Agreement with the Company and Tantech which provides that Mr. Wang and Ms. Zhang shall not vote in favor or otherwise cause Tantech to engage in the business that the Company conducts.