NOTE 8 – OPERATING LEASE RIGHT OF USE ASSETS AND OPERATING LEASE LIABILITIES

On August 5, 2024, Yubo Beijing executed a lease agreement with Beijing Bohui Business Management Services Co. Ltd. for office space in Beijing, China for a term of two years from August 26, 2024 to August 25, 2026. The lease provided for a security deposit of RMB110,000 and monthly rent of RMB55,000. The lease term expired on August 25, 2026, and the related right-of-use asset and lease liability were fully derecognized by September 30, 2026.

The Company had no future undiscounted minimum lease payments associated with recognized operating lease liabilities as of September 30, 2026.

At September 30, 2026, the Company had no recognized operating lease liabilities or operating lease right-of-use assets.

For the three months ended September 30, 2026 and 2025, occupancy expense attributable to leases was $28,707 and $46,920, respectively.

For the nine months ended September 30, 2026 and 2025, occupancy expense attributable to leases was $85,507 and $146,366, respectively.