Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 242

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 242
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 were as follows: |

|                               |     | For the Fiscal Year Ended June 30, 
 2024                               |        |     | 2023 |   |
|:------------------------------|:----|:-----------------------------------|-------:|:----|:-----|:--|
| Current income tax provision  |     | $                                  | 42,998 |     | $    | - |
| Deferred income tax provision |     |                                    |      - |     |      | - |
| Total                         |     | $                                  | 42,998 |     | $    | - |

| F-19 |

| ii) | The following table summarizes net deferred tax assets resulting from differences between financial accounting basis and tax basis of assets and liabilities: |

| Deferred tax assets:                                          |     | As of June 30, 
 2024           |          |   |     | 2023 |            |   |
|:--------------------------------------------------------------|:----|:---------------|---------:|:--|:----|:-----|-----------:|:--|
| Provision for doubtful accounts                               |     | $              |  252,593 |   |     | $    |    330,641 |   |
| Net operating loss carried forward                            |     |                |  830,994 |   |     |      |    993,768 |   |
| Unrealized gains from fair value changes of equity securities |     |                | (162,171 | ) |     |      |   (175,565 | ) |
| Total deferred tax assets                                     |     |                |  921,416 |   |     |      |  1,148,844 |   |
| Less: valuation allowance                                     |     |                | (921,416 | ) |     |      | (1,148,844 | ) |
| Deferred tax assets, net of valuation allowance               |     | $              |        - |   |     | $    |          - |   |

The change in valuation allowance for the fiscal year ended June 30, 2024 and 2023 amounted to $227,428 and $278,577, respectively.

As the PRC does not allow the filing of consolidated tax returns, the deferred taxes relate to separate entities that file their own tax returns and therefore could not be offset with each other. A reconciliation between the Company’s actual provision for income taxes and the provision at the PRC mainland statutory rate is as follows:

|