v3.26.1
Subsequent Events
 12 Months Ended
Dec. 31, 2025
Subsequent Events [Abstract]  
Subsequent Events

18. Subsequent Events

 

The Company has evaluated the impact of events that have occurred subsequent to December 31, 2025, through the date the consolidated financial statements were available to be issued, and concluded that no subsequent events have occurred that would require recognition in the consolidated financial statements or disclosure in the notes to the consolidated financial statements, except as follow:

 

Bank borrowing

 

As the date these consolidated financial statements were available to be issued, the Company has new bank borrowings in the amount of $2,573,966 (RMB18 million) with interest rates ranging from 2.20%-2.25% and has bank loan repayment of $5,426,779 (RMB 38.0 million).

 

New bank borrowing

 

Subsequent new bank borrowings consisted of the following:

 

Lender  Company  Rate   Issuance
Date		  Collateral/
Security		  Amount-
RMB		   Amount-
US$		 
Jiangsu Yangzhou Rural Commercial Bank  Jiangsu Huadong   2.20%  1/16/2026  Jiangsu Yada, Mr. Yongjun Liu,Ms. Yin Liu   10,000,000    1,429,981 
Bank of Communications  Jiangsu Huadong   2.25%  1/28/2026  N/A   8,000,000    1,143,985 
Total                 18,000,000    2,573,966 

 

Repayment

 

Subsequent repayments on bank borrowings consisted of the following:

 

Lender  Company  Rate   Repayment
Date		  Collateral/Security  Amount-
RMB		   Amount-
USD		 
Jiangsu Yangzhou Rural Commercial Bank  Jiangsu Huadong   2.46%  1/12/2026  Jiangsu Yada, Mr. Yongjun Liu   10,000,000    1,429,981 
Bank of Communications  Jiangsu Huadong   2.25%  1/28/2026  N/A   5,000,000    714,990 
Bank of China  Jiangsu Huadong   2.40%  3/4/2026  Mr. Yongjun Liu, Ms. Yin Liu   4,950,000    707,841 
Bank of Communications  Yangzhou Huada   2.50%  1/27/2026  N/A   3,000,000    428,994 
China Zhe Shang Bank  Yangzhou Huada   2.11%  3/18/2026  N/A   5,000,000    714,990 
Agricultural Bank of China  Jiangsu Yada   2.35%  4/8/2026  N/A   10,000,000    1,429,983 
Total                 37,950,000    5,426,779