Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 245

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 245
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           |     |      |           |
| Jiangsu Gongcheng                          |     |                                      | 7,569,836 |     |      |         - |
| Jensu Net SCM                              |     |                                      |         - |     |      | 2,909,275 |
| Total cost of revenue from related parties |     | $                                    | 7,569,836 |     | $    | 2,909,275 |

| (b) | The Company had the following significant related party balances: |

Loan to Related Party

As of June 30, 2024 and 2023, the Company had a loan balance to Simple Plastic of $22,361,363 and $11,206,732, respectively. The loan was due on demand and carried fixed interest rates for one-year term ranging from 3.65% to 3.85%. The Company recognized interest income of $592,581 and $272,083 on the loan to Simple Plastic for the fiscal year ended June 30, 2024 and 2023, respectively. The Company received full repayment of the outstanding loan amount of $22,361,363 from Simple Plastic as of December 31, 2024.

| F-21 |

NOTE 15 – COMMITMENTSAND CONTINGENCIES

Contingencies

From time to time, Jiansu and its subsidiaries are the parties to various legal actions arising in the ordinary course of business. The Company accrues costs associated with these matters when they become probable and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. The Company’s management does not expect any liability from the disposition of such claims and litigation individually or in the aggregate to have a material adverse impact on the Company’s consolidated financial position, results of operations and cash flows. In the opinion of management, there were no pending or threatened claims and litigation as of June 30, 2024 and through the issuance date of these consolidated financial statements.

Capital Commitment

The Company’s capital commitments primarily relate to commitments on construction in progress. Total capital commitments contracted but not yet reflected in the consolidated financial statements as of June 30, 2024 were as follows:

|                    |     | Total |            |     | Less than 
 1 year    |            |     | 1 – 3 
 years |           |     | 3 – 5 
 years |   |     | More than 
 5 years   |   |
|