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DISPOSITION OF SUBSIDIARIES AND DISCONTINUED OPERATIONS
 6 Months Ended
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract]  
DISPOSITION OF SUBSIDIARIES AND DISCONTINUED OPERATIONS

4. DISPOSITION OF SUBSIDIARIES AND DISCONTINUED OPERATIONS

 

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.

 

At end of June 2025, the Company disposed of Dongguan Hongxiang Commercial Co., Ltd., a PRC company (“HX”) to the management of the subsidiary. The property management and subleasing business was then classified as discontinued operation. Comparative period amounts have been restated retrospectively.

 

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

 

Property Management and Subleasing Business Segment

 

Financial position of HX 

July 1, 2025,

date of disposal

 
Current assets  $1,227,389 
Noncurrent assets   354,622 
Current liabilities   (1,588,983)
Net assets  $6,972 

 

The consideration was $13,829, with the reversal of over-accrual of lease payment, resulting in an income of $6,857 recognized on the disposal.