June 30,

2026

December 31,

2025

On January 21, 2022, March 28, 2022 and June 14, 2022, the Company made three loans of RMB30,000,000 ($4,421,453), RMB3,000,000 ($442,145) and RMB7,000,000 ($1,031,672) to a third party, which were restricted for its operating activities, carrying interest at 12%. The RMB30,000,000 loan ($4,421,453) was extended to January 21, 2028. The RMB7,000,000 loan ($1,031,672) was extended to June 14, 2028. The RMB3,000,000 loan ($442,145) was repaid in August 2022 with interest of RMB120,000 ($17,686). Pursuant to a mining right pledge agreement dated August 5, 2022 between HiTek, as representative of the Lenders and the Borrower, these three loans are secured by the Borrower’s coal mining permit issued by Bobai County Natural Resources Bureau, which grants the Borrower a 20-year mining right for certain building granite mine in Daguang Village, Shuiming Town, Bobai County, Guangxi Province, for production of 1.306 million cubic meters per year.

In March 2026, the Company, Guangxi Beihengda Mining Co., Ltd. (“Guangxi Beihengda”), and Beijing Baihengda Petroleum Technology Co., Ltd (“Beijing Baihengda”) entered into an agreement that Guangxi Beihengda assumed the Company’s loan payable and the corresponding interest payable owed to Beijing Baihengda. In March 2026, Guangxi Beihengda settled the obligations by remitting to the Company the principal of $2,678,899 (RMB18,500,000) and interest of $241,101 (RMB1,665,000).

On April 29, 2025, the Company provided a loan of RMB3,000,000 ($442,145) with 1.0% per month interest to Guangzhou Ruilide Information System Co., Ltd (“Ruilide”) for two months, maturing on June 28, 2025. The loan was restricted for its operating activities. Ruilide repaid RMB1,000,000 ($147,382) in June 2025, and RMB500,000 ($73,691) in July 2025. The remaining RMB1,500,000 ($221,073) loan was extended to May 31, 2026.

On August 26, 2025, the Company provided a loan of RMB1,600,000 ($235,811) with 1.0% per month interest to Ruilide, maturing on May 31, 2026. The loan was restricted for its operating activities.

On March 27 and April 2, 2026, the Company received loan repayment that totaled RMB3,100,000 ($456,883).

On August 5, 2025, the Company provided a loan of RMB2,000,000 ($294,764) with 1.0% per month interest to Xinjiang New Thai Hua Construction Engineering Co., Ltd (“New Thai Hua”) for six months, maturing on February 4, 2026.

Upon receipt of repayment of RMB2,000,000 ($294,764) from New Thai Hua on January 26, 2026, the loan was renewed with 1.0% per month interest for six months, maturing on July 27, 2026.

Upon receipt of repayment of RMB2,000,000 ($294,764) from New Thai Hua on July 28, 2026, the loan was renewed with 1.0% per month interest for six months, maturing on January 28, 2027.