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DISPOSITION OF SUBSIDIARIES
3 Months Ended
Jun. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DISPOSITION OF SUBSIDIARIES

4. DISPOSITION OF SUBSIDIARIES

 

In May 2025, the Company disposed of Dongguan Aotesi Garments Co., Ltd., (“AOT”). The Company will carry on the garment manufacturing segment business through other subsidiaries. The disposition of AOT did not qualify as discontinued operations.

 

Financial position of the entities at disposal date and gain or loss on disposal:

 

Garment Manufacturing Segment

 

Financial position of AOT  May 6, 2025,
date of disposal
 
Current assets  $71,373 
Current liabilities   (45,194)
Net assets  $26,179 

 

The consideration was $13,829, resulting in a loss of $12,137 recognized on the disposal.