Short-Term Bank Borrowings

6 Months Ended

Mar. 31, 2026

Short-Term Bank Borrowings [Abstract]

10. SHORT-TERM BANK BORROWINGS

Outstanding balances of short-term bank borrowings as of September 30, 2025 and March 31, 2026 consisted of the following:

	September 30		As of March 31,
	2025		2026		2026
	RMB		RMB		US$
Collateralized and guaranteed bank loans from Bank of China		10,000,000		10,000,000		1,449,696
		10,000,000		10,000,000		1,449,696

Short-term borrowings were denominated in RMB by New Brand from Bank of China in the PRC drawn under a banking facility with details as follows:

Guaranteed by Suqin Li who is the Director and Chief Executive Officer of the Company, her husband and Shanghai Administration Center of Policy Financing Guarantee Funds for SMEs;

ii)

Secured by properties owned by Suqin Li and her husband.

The average interest rates for short-term borrowings as of September 30, 2025 and March 31, 2026 were 2.60% and 2.60% respectively.

Short-term bank borrowings as at March 31, 2026 are as follows:

Maturity date	Type	Bank	Interest rate			Balance as at March 31, 2026
						RMB		US$
May 19, 2026	Operating loan	BOC		2.60	%		4,000,000		579,878
May 19, 2026	Operating loan	BOC		2.60	%		6,000,000		869,818
							10,000,000		1,449,696