6. INVESTMENT IN AN EQUITY INVESTEE

As of June 30, 2026 and December 31, 2025, the investment in an equity investee consisted of the following:

On April 9, 2026, the Company issued an aggregate of 31,872,768 shares of its common stock, par value $0.0001 per share (the “Shares”), to six eligible shareholders of EPT, in exchange for an aggregate of 26,783,838 ordinary shares of EPT, representing 31.68% ownership in EPT. In the same time, EPT owned 10,034,898 ordinary shares of the Company, representing 9.78% ownership in the Company.

The Company initially recorded the investment in EPT in the amount of $6,374,553, which was the fair value of 31,872,768 ordinary shares issued by the Company, at per share price of $0.2 prevailing on April 9, 2026. In the same time, the Company adopted treasury stock method to account for the reciprocal interests of $635,811 as a reduction against the investment in EPT and recognition of treasury stock.

The Company is entitled to nominate two of EPT’s seven directors. Through its board representation and 31.68% shareholding it has the ability to exercise significant influence over EPT and used equity method to measure the investment in EPT. For the period from April 9, 2026 through June 30, 2026, EPT reported net loss of approximately $257,710 and the Company recorded share of equity loss of $81,004. The Company assessed indicators reflecting an other-than-temporary decline in fair value below the carrying value and did not provide impairment against the investment in EPT.

For the period from April 9, 2026 through June 30, 2026, the summarized financial information of EPT was as the following: