RELATED PARTY TRANSACTIONS

9 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 7 – RELATED PARTY TRANSACTIONS

Loan from shareholders

In August 2019, the Company borrowed $71,000 from the former President of the Company, Mr. Dingshan Zhang, which bears no interest with a maturity in December 2021. During the year ended March 31, 2022, the Company repaid $17,000 to Mr. Zhang. In May 2021 the Company borrowed an additional $5,000 from Mr. Zhang. On December 29, 2021, the Company and Mr. Zhang verbally amended the loan agreement and extended the maturity date to December 31, 2023. During the year ended March 31, 2023, the Company received an additional loan in the total amount of $24,300 from, Mr. Zhang.

Upon consummation of the change of control which resulted from that certain SPA entered into on April 10, 2023, the balance of the $83,300 shareholder loan was waived by Mr. Zhang in its entirety, which was recognized as an equity transaction with the shareholder.

Advances from Mr. Wan

During the nine months ended December 31, 2024, the Company did not repay or received advances from Mr. Wan, our President for working capital purpose. The outstanding amount due to Mr. Wan was $nil and $295,336 as of December 31, 2024 and March 31, 2024, respectively. The advance is unsecured, non-interest-bearing and due on demand. On December 31, 2024, the Company formalized a promissory note agreement for $428,790 with a maturity date of December 31, 2029.

Advances from Tairan Baohe Insurance Sales Co., Ltd. (“Tairan”)

During the nine months ended December 31, 2024, the Company borrowed funds from Tairan, an entity where Mr. Wan’s spouse is a shareholder, for working capital purpose. The outstanding amount due to Tairan was $nil and $318,507 as of December 31, 2024 and March 31, 2024, respectively. The loan was unsecured, non-interest-bearing and due on demand. On December 31, 2024, the Company formalized a promissory note agreement for $383,598 with a maturity date of December 31, 2029.

Advances from New Lite Ventures LLC (“New Living”)

During the nine months ended December 31, 2024, the Company borrowed funds from New Living, an entity where Mr. Wan is a controlling member, for working capital purpose. The amount was unsecured, non-interest-bearing and due on demand. On December 31, 2024, the Company formalized a promissory note agreement for $29,571 with a maturity date of December 31, 2029.

Promissory notes payable

Promissory notes payable related parties comprised of the following:

	December 31, 2024		March 31, 2024
Mr. Wan	$	428,790	$	-
Tairan		383,598		-
New Living		29,571		-
Total	$	841,959	$	-

All promissory notes are unsecured, non-interest-bearing, and have a maturity date of December 31, 2029.