| BANK LOANS |
NOTE 9 - BANK LOANS
Short-term bank loans consisted of the following:
| Schedule of short-term bank loans | |
| | | |
| | | |
| |
| | | |
| | | |
|
| December 31, | |
2025 | | |
Interest rate | | |
Due date | |
2024 | | |
Interest rate | | |
Due date |
| Agricultural Bank of China Funan Branch (1) | |
| 714,746 | | |
| 4.65 | % | |
04/02/26 | |
| 781,047 | | |
| 4.45 | % | |
04/02/25 |
| Anhui Funan Rural Commercial Bank (2) | |
| 2,001,287 | | |
| 5.60 | % | |
12/20/26 | |
| 1,918,360 | | |
| 5.60 | % | |
12/20/25 |
| Anhui Funan Rural Commercial Bank (3) | |
| 1,429,490 | | |
| 5.60 | % | |
03/24/26 | |
| 1,370,257 | | |
| 5.60 | % | |
03/24/25 |
| Anhui Funan Rural Commercial Bank (4) | |
| 857,694 | | |
| 5.60 | % | |
01/15/26 | |
| 822,154 | | |
| 5.60 | % | |
01/16/25 |
| Bank of China Funan Branch (5) | |
| 1,143,592 | | |
| 3.60 | % | |
03/13/26 | |
| 1,096,206 | | |
| 3.60 | % | |
03/12/25 |
| Total | |
$ | 6,146,809 | | |
| | | |
| |
$ | 5,988,024 | | |
| | | |
|
| (1) | Loans are guaranteed by the founder of AUFP and SME Guarantee Corporation. |
| (2) | Loans are guaranteed by legal representative, the founder, and one shareholder of AUFP, ESG Hainan and
SME Guarantee Corporation. |
| (3) | Loans are guaranteed by legal representative, and the founder of AUFP, AUFP and SME Guarantee Corporation. |
| (4) | Loans was guaranteed by legal representative and the founder of AUFP, AUFP and SME Guarantee Corporation. |
| (5) | $1,143,592 and $1,096,206 of loans from Bank of China were pledged by buildings as of December 31, 2025
and 2024, respectively. |
|