| SCHEDULE OF BANK BORROWINGS |
As
of December 31, 2025 and June 30, 2026 the bank borrowings were for working capital and capital expenditure purposes.
SCHEDULE OF BANK BORROWINGS
| | |
December 31，2025 | | |
June 30，2026 | |
| | |
As of | |
| | |
December 31，2025 | | |
June 30，2026 | |
| | |
| | |
(Unaudited) | |
| Current portion: | |
| | | |
| | |
| Short-term bank borrowings | |
| | | |
| | |
| Bank of Jiaxing (1) | |
$ | 2,692,654 | | |
$ | 2,775,199 | |
| Long-term bank borrowings, current portion | |
| | | |
| | |
| Bank of Jiaxing (1) | |
| 56,381 | | |
| 87,163 | |
| Long-term bank borrowings, current portion | |
| 56,381 | | |
| 87,163 | |
| Subtotal | |
$ | 2,749,035 | | |
$ | 2,862,362 | |
| | |
| | | |
| | |
| Non-current portion: | |
| | | |
| | |
| Long-term bank borrowings | |
| | | |
| | |
| Bank of Jiaxing (1) | |
$ | 2,938,338 | | |
$ | 2,984,832 | |
| Long-term borrowings non-current portion | |
$ | 2,938,338 | | |
$ | 2,984,832 | |
| Subtotal | |
$ | 2,938,338 | | |
$ | 2,984,832 | |
| Total | |
$ | 5,687,373 | | |
$ | 5,847,194 | |
| (1) | During
the year ended December 31, 2025 and the six months ended June 30, 2026, the Company continuously
entered into certain bank borrowings for the purpose of obtaining financing. The bank borrowings
were joint secured by Mr. Ming-Chao Huang and Mr. Ming-Chia Huang, the shareholders of the
Company, and pledged by the Company’s property, plant and equipment amounting to US$3,820,949
and US$3,812,196 as of December 31, 2025 and June 30, 2026, respectively. |
|
| SCHEDULE OF LONG TERM BORROWINGS |
As
of June 30，2026 the Company’s long-term bank borrowings will be due according to the following schedule:
SCHEDULE OF LONG TERM BORROWINGS
| For the fiscal years ending December 31, | |
Amount | |
| | |
(Unaudited) | |
| 2026 remainder | |
$ | 87,163 | |
| 2027 | |
| 72,636 | |
| 2028 | |
| 145,272 | |
| 2029 and thereafter | |
| 2,766,924 | |
| Total long-term bank borrowings | |
$ | 3,071,995 | |
|