For the fiscal years ended
September 30,

Related Parties

Nature

2019

2020

2021

Changzhou Cenbird Electric Bicycle Manufacturing Co., Ltd (g)

Purchase of e-bicycles from a related party

$

-

$

(4,538,100

)

$

(6,048,053

)

Changzhou Cenbird Electric Bicycle Manufacturing Co., Ltd (g)

Interest-free loan to a related party

-

856,458

-

Changzhou Cenbird Electric Bicycle Manufacturing Co., Ltd (g)

Collection of loan to a related party

-

(856,458

)

-

Jiangsu Xinzhongtian Suye Co., Ltd (h)

Purchase of e-bicycles, gears and parts from a related party

-

(851,606

)

(915,213

)

Jiangsu Xinzhongtian Suye Co., Ltd (h)

Rental fee and utility fee

-

(63,378

)

(146,607

)

Jiangsu Xinzhongtian Suye Co., Ltd (h)

Interest-free loan to a related party

-

185,566

-

Jiangsu Xinzhongtian Suye Co., Ltd (h)

Collection of loan to a related party

-

(186,993

)

-

Shenzhen Star Cycling Network Technology Co., Ltd.(l)

Loan to a related party

-

310,395

Nanjing Mingfeng Technology Co.,Ltd.(m)

Loan to a related party

-

228,774

Jiangsu Yimao Pure Electric Bus Co., Ltd. (j)

Purchase of battery cells for battery cell trading business

(5,334,619

)

-

Jiangsu Yimao Pure Electric Bus Co., Ltd. (j)

Purchase of raw materials and finished goods

(2,428,036

)

-

Henglong Chen (a)

Interest-free loan to a shareholder*

1,857,441

377,634

-

Henglong Chen (a)

Collection of loan from a shareholder *

(683,880

)

(391,116

)

(1,821,847

)

Henglong Chen (a)

Transfer of third-party loans to a related party*

59,682

-

Huiyan Xie

Interest-free loan to a related party

101,896

-

Huiyan Xie

Collection of loan from a related party

(101,896

)

-

Shenzhen Star Asset Management Co., Ltd. (i)

Rental expenses of e-bicycles

(176,862

)

-

Shenzhen Star Asset Management Co., Ltd. (i)

Disposal of e-bicycles on behalf of a related party

(291,131

)

-

Shenzhen Star Asset Management Co., Ltd. (i)

Purchase of e-bicycles from a related party

(873,394

)

-

Jianhui Ye (f)

Interest-free loan from a related party

(4,374,249

)

-

Jianhui Ye (f)

Repayment of interest-free loan to a related party

-

4,289,426

-

Beijing Weiqi Technology Co., Ltd (k)

Sales of e-bicycles to a related party

-

107,314

12,341