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SHORT-TERM BANK LOAN | 12 Months Ended
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Mar. 31, 2026
Debt Disclosure [Abstract] |
SHORT-TERM BANK LOAN |
13. | SHORT-TERM BANK LOAN
In August 2019, HSW entered into a facility agreement with Agricultural Bank of China and obtained a line of credit, which allows the Company to borrow up to approximately $137,729 (RMB1,000,000) for daily operations. The loans are guaranteed at no cost by the legal representative of HSW. As of March 31, 2026, the Company has borrowed $136,593 (RMB944,255) (March 31, 2025: $130,051 (RMB944,255)) under this line of credit with various annual interest rates from 4.34% to 4.9%. The outstanding loan balance was due on September 30, 2021. The Company was not able to renew the loan facility with the bank. The Company is negotiating with the bank on repayment schedule of the loan balance and interest payable. In February 2023, XKJ entered into a facility agreement with China Construction Bank and obtained a line of revolving credit, which allows the Company to borrow up to approximately $1,301,914 (RMB9,000,000) for daily operations, with Loan Prime Rate of the day prior to the draw down day. As of March 31, 2026, the Company has borrowed $535,231 (RMB3,700,000) (March 31, 2025: $406,300 (RMB2,950,000)) under this line of credit with annual interest rate of 3.9%. The revolving credit facility was renewed in November 2025 and the new expiration date will be November 25, 2028. In December 2023, PF entered into a facility agreement with Sichuan Xinwang Bank Co., Ltd. and obtained a line of credit, which allows the Company to borrow up to approximately $72,329 (RMB500,000) for daily operations with annual interest rate of 6.72%, to be expired on December 26, 2025. The Company has fully repaid this loan facility in September 2025. As of March 31, 2026, the outstanding balance of this loan facility was Nil (March 31, 2025: $25,824 (RMB187,500)). In March 2024, PF entered into a new facility agreement with WeBank Co., Ltd. and obtained a line of credit, which allows the Company to borrow up to approximately $144,657 (RMB1,000,000) for daily operations, with annual interest rate of 8.244%. The loan facility was expired on March 22, 2026. The Company has fully repaid this loan facility when expired. As of March 31, 2026, the outstanding balance of this loan facility was Nil (March 31, 2025: $78,702 (RMB571,429)).

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 470 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/470/tableOfContent + Details
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