PROPERTY, PLANT AND EQUIPMENT, NET

6 Months Ended

Jun. 30, 2026

PROPERTY, PLANT AND EQUIPMENT, NET [Abstract]

PROPERTY, PLANT AND EQUIPMENT, NET

NOTE 7 – PROPERTY, PLANT AND EQUIPMENT, NET

Property, plant and equipment, net consisted of the following:

	June 30, 2026			December 31, 2025
	(Unaudited)
At cost:
Plant and building	$	14,880,502		$	14,497,063
Land		1,063,271			1,063,270
Machinery and equipment		4,691,816			4,620,424
Leasehold improvement		840,520			924,396
Office equipment		1,412,546			2,152,609
Motor vehicles		458,921			1,321,308
Construction in progress		118,080			117,415
Total		23,465,656			24,696,485
Less: accumulated depreciation		(8,321,441	)		(7,703,231	)
Impairment		-			(1,076,529	)
Property, plant and equipment, net		15,144,215			15,916,725
Less: property, plants and equipment, net, held for discontinued operations		-			-
Property, plants and equipment, net, held for continuing operations	$	15,144,215		$	15,916,725

Depreciation expenses charged to the continuing operations for the six months ended June 30, 2026 and 2025 were $854,350 and $894,429, respectively. There’s no depreciation expense of discontinued operations for the six months ended June 30, 2026 and 2025.

There’s no impairment loss in property, plant and equipment of continuing operations and discontinued operations for the six months ended June 30, 2026 and 2025. For the six months ended June 30, 2026, the impairment of property, plant and equipment, which was fully held by CAE, was fully written off due to the liquidation of CAE.