LEASES

12 Months Ended

Mar. 31, 2025

LEASES

LEASES

NOTE 6 – LEASES

The Company has a lease agreement for its office space. The current lease agreement was signed to cover the lease for the period from May 1, 2020 to April 30, 2023. The Company entered into a lease agreement for its new office for the period from May 1, 2023 to April 30, 2028.

The Operating lease right-of-use assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. The discount rate used to calculate present value is incremental borrowing rate or, if available, the rate implicit in the lease. The Company determines the incremental borrowing rate for this lease based primarily on its lease term in PRC which is approximately 4.75% (2024: 4.75%).

The Company has elected to not recognized lease assets and liabilities for lease with a term less than twelve months.

Operating lease expenses were $4,174 and $2,648 for the years ended March 31, 2025 and 2024, respectively.

The undiscounted future minimum lease payment schedule as follows:

For the years ended March 31,	Amount
2026		4,379
2027		4,591
2028		5,226
2029		-
2030		-
Thereafter		-
Total	$	14,196