Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 115

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 115
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  |     |      |   451,752 |     |        |  20.7 | % |     |   | (237,397 | ) |     |   | (52.6 | )% |
| Total general and administrative expenses |     |                                   $ | 1,282,757 |   |     |   | 100.0 | %  |     |    $ | 2,182,872 |     |        | 100.0 | % |     | $ | (900,115 | ) |     |   | (41.2 | )% |

| 80 |

Our general and administrative expenses decreased by approximately $0.9 million, or 41.2%, from approximately $2.2 million for the fiscal year ended June 30, 2023 to $1.3 million for the fiscal year ended June 30, 2024, primarily attributable to (i) a bad debt recovery of approximately $0.2 million due to the claim settlement and repayment after full provision for the fiscal year ended June 30, 2024, compared to net bad debt expenses of approximately $0.6 million for the fiscal year ended June 30, 2023; and (ii) a decrease in professional service fees paid to third parties of approximately $0.2 million for the fiscal year ended June 30, 2024, primarily due to less legal fees paid for lawsuits to collect overdue accounts receivable.

Selling Expenses

Our selling expenses primarily include salary and welfare benefit expenses related to our sales personnel, shipping and delivery expenses, utility and office expenses, expenses incurred for our business travel, meals and other sales promotion and marketing activities related expenses.

|                                     |     | For the Fiscal Years Ended    June  30, |         |     |   |       |   |     |      |           |     | Change |       |   |     |   |          |   |     |   |       |    |
|:------------------------------------|:----|----------------------------------------:|--------:|:----|:--|------:|:--|:----|-----:|----------:|:----|-------:|------:|:--|:----|:--|---------:|:--|:----|:--|------:|:---|
|                                     |     |                                    2024 |         |     | % |       |   |     | 2023 |           |     |