| BANK BORROWINGS |
8. BANK BORROWINGS Outstanding balances of bank borrowings as of March 31, 2026 and 2025 consist of the following: | | | As of March 31, | | | | | 2026 | | | 2025 | | | | | US$ | | | US$ | | | Bank borrowings Guaranteed(i) | | | 185,799 | | | | 314,226 | | | Short-term bank borrowings(ii),(iii) | | | 185,799 | | | | 314,226 | | | (i) | The bank borrowings were guaranteed by Ms. Wong Kit, a Controlling Shareholder, and the HKMC Insurance Limited under a financing aid program for SMBs operating in Hong Kong. | | (ii) | As of March 31, 2026 and 2025, the Company had bank borrowings amounted to US$185,799 and US$314,226, respectively, which contained repayment on demand clauses. Accordingly, they have been classified as current liabilities. For the purpose of the illustration, such bank borrowings are included within short-term bank borrowings and represented as bank borrowings repayable on demand. | | (iii) | The bank borrowings are all denominated in HK$. | Bank borrowings as of March 31, 2026 and 2025 are as follows: | | | | | | | | | Weighted
average
interest | | Balance as at March 31, | | | Lender | | Type | | Maturity date | | Currency | | rate | | 2026 | | | 2025 | | | | | | | | | | | | | US$ | | | US$ | | Bank of China
(Hong Kong) Limited | | Term loan | | December 15, 2025 with repayable on demand clause | | HK$ | | 2026: 2.945%
2025: 3.414% | | | — | | | | 26,358 | | Bank of China
(Hong Kong) Limited | | Term loan | | November 11, 2029 with repayable on demand clause | | HK$ | | 2026: 2.888%
2025: 3.414% | | | 69,352 | | | | 87,703 | | Bank of China
(Hong Kong) Limited | | Term loan | | March 25, 2029 with repayable on demand clause | | HK$ | | 2026: 2.888%
2025: 3.414% | | | 108,295 | | | | 143,469 | | Bank of China
(Hong Kong) Limited | | Term loan | | May 13, 2026 with repayable on demand clause | | HK$ | | 2026: 2.896%
2025: 3.414% | | | 8,152 | | | | 56,696 | | | | | | | | | | | | | | 185,799 | | | | 314,226 | | As of March 31, 2026, the contractual repayment schedule is as follows: | | | US$ | | | Year ending March 31, 2027 | | | 61,505 | | | Year ending March 31, 2028 | | | 54,728 | | | Year ending March 31, 2029 | | | 56,428 | | | Year ending March 31, 2030 | | | 13,138 | | | Total bank borrowings | | | 185,799 | |
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