SHORT TERM LOAN RELATED PARTIES

12 Months Ended

Mar. 31, 2025

SHORT TERM LOAN RELATED PARTIES

SHORT-TERM LOAN - RELATED PARTIES

NOTE 5 – SHORT-TERM LOAN – RELATED PARTIES

Short-term loan of $280,753 consists of two loans from Ms. Wu Fengqun, one loan from Mr Huang Jing, and one loan from Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd.

The two loans from Ms. Wu Fengqun, the former major shareholder of the Company, are $159,220 in total, which consists of loan in the amount of $114,959 (RMB834,673), annual fixed interest of $100, maturity date of April 11, 2020; and loan in the amount of $44,261 (HKD344,345), annual fixed interest of $50, maturity date of April 11, 2020. These two loans were extended to mature on March 31, 2026 without interest.

Short-term loan of $98,119 (RMB712,400) refers to the loan from Mr. Huang Jing, related party of the Company and a legal representative of the Company’s subsidiary Yinfu International Holdings Limited Huizhou Branch. The loan matures on March 31, 2026 without interest.

Short-term loan of $23,414 (HKD170,000) refers to the loan from Shenzhen Qianhai Yinfu Min'an Financial Services Co., Ltd, a related party of the Company due to its 90% shares was owned by Mr. Jiang, Libin, the former President of the Company.

As of March 31, 2025 and March 31, 2024, accrual interest – related party was $0 and $439 respectively.

As of March 31, 2025 and 2024, short-term loan – related parties outstanding was $280,753 and $281,813 respectively.