| Schedule of Short-Term Bank Borrowings |
Bank borrowings are working capital loans from
banks in China. Short-term bank borrowings as of December 31, 2025 consisted of the following:
| Lender | | Company | | Rate | | | Issuance Date | | Expiration Date | | Amount-
RMB | | | Amount-
US$ | | | Jiangsu Yangzhou Rural Commercial Bank | | Jiangsu Huadong | | | 2.46 | % | | 2025/1/14 | | 2026/1/12* | | | 10,000,000 | | | | 1,429,981 | | | Bank of China | | Jiangsu Huadong | | | 2.40 | % | | 2025/3/5 | | 2026/5/4** | | | 4,950,000 | | | | 707,841 | | | Bank of Communications | | Jiangsu Huadong | | | 2.25 | % | | 2025/6/18 | | 2026/6/18** | | | 1,000,000 | | | | 142,998 | | | Bank of Communications | | Jiangsu Huadong | | | 2.25 | % | | 2025/6/24 | | 2026/6/24** | | | 4,000,000 | | | | 571,992 | | | China Everbright Bank | | Jiangsu Huadong | | | 2.25 | % | | 2025/5/22 | | 2026/11/22 | | | 4,900,000 | | | | 700,691 | | | CITIC Bank | | Yangzhou Huada | | | 2.30 | % | | 2025/9/26 | | 2026/9/26 | | | 10,000,000 | | | | 1,429,980 | | | Bank of Communications | | Yangzhou Huada | | | 2.50 | % | | 2025/3/20 | | 2026/3/18** | | | 3,000,000 | | | | 428,994 | | | China Minsheng Bank | | Yangzhou Huada | | | 2.20 | % | | 2025/6/30 | | 2026/6/30 | | | 5,000,000 | | | | 714,990 | | | China Zhe Shang Bank | | Yangzhou Huada | | | 2.11 | % | | 2025/6/24 | | 2026/6/24** | | | 5,000,000 | | | | 714,990 | | | China Zhe Shang Bank | | Yangzhou Huada | | | 2.11 | % | | 2025/9/19 | | 2026/9/19 | | | 5,000,000 | | | | 714,990 | | | Agricultural Bank of China | | Jiangsu Yada | | | 2.35 | % | | 2025/4/14 | | 2026/4/10** | | | 10,000,000 | | | | 1,429,983 | | | Total | | | | | | | | | | | | | 62,850,000 | | | | 8,987,430 | |
| * | These loans were repaid upon maturity. |
| ** | These loans were repaid in full prior to their contractual maturity
dates. |
Short-term bank borrowings as of December 31, 2024 consisted of the
following:
| Lender | | Company | | Rate | | | Issuance
Date | | Expiration Date | | Amount-
RMB | | | Amount-
US$ | | | Jiangsu Yangzhou Rural Commercial Bank | | Jiangsu Huadong | | | 3.30 | % | | 2024/2/1 | | 2025/1/31 | | | 5,000,000 | | | | 684,997 | | | Bank of China | | Jiangsu Huadong | | | 2.42 | % | | 2024/3/11 | | 2025/3/10 | | | 5,000,000 | | | | 684,997 | | | Bank of Communications | | Jiangsu Huadong | | | 2.55 | % | | 2024/4/23 | | 2025/4/23 | | | 9,000,000 | | | | 1,232,995 | | | Bank of Jiangsu | | Jiangsu Huadong | | | 2.60 | % | | 2024/12/23 | | 2025/12/15 | | | 10,000,000 | | | | 1,369,994 | | | CITIC Bank | | Yangzhou Huada | | | 2.70 | % | | 2024/9/26 | | 2025/9/25 | | | 5,000,000 | | | | 684,997 | | | CITIC Bank | | Yangzhou Huada | | | 2.70 | % | | 2024/9/30 | | 2025/9/25 | | | 5,000,000 | | | | 684,997 | | | Industrial and Commercial Bank of China | | Jiangsu Yada | | | 3.45 | % | | 2024/2/22 | | 2025/2/21 | | | 9,000,000 | | | | 1,232,995 | | | Agricultural Bank of China | | Jiangsu Yada | | | 2.70 | % | | 2024/10/24 | | 2025/10/23 | | | 10,000,000 | | | | 1,369,994 | | | Total | | | | | | | | | | | | | 58,000,000 | | | | 7,945,966 | |
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