Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 147

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 147
---
 March 29, 2025. The loan is in the processing of extension.

In August 2024, the Company obtained a loan in the principal amount of RMB3,000,000 (approximately $427,464 when borrowed) from Industrial and Commercial Bank of China, which bears interest at 3.65%. The loan is guaranteed by Xiaocai Yu, a related party. The maturity date is on August 28, 2025.

In November 2024, the Company obtained a loan in the principal amount of RMB2,450,000 (approximately $337,436 when borrowed) from Bank of China, which bears interest at 3.00%. The loan is guaranteed by Xiaocai Yu, a related party. The maturity date is on November 7, 2025.

| F-37 |

The balance of the loans borrowed as of June 30, 2025 and March 31, 2025 was as follows:

|                                          |     |   |  June 30, 
      2025 |     |   | March 31, 
      2025 |
|:-----------------------------------------|:----|:--|----------:|:----|:--|----------:|
| Bank loan from the Bank of China         |     | $ |   337,418 |     | $ |   334,681 |
| Bank of Industrial and Commercial        |     |   |   418,287 |     |   |   413,187 |
| SPD BANK                                 |     |   |   416,893 |     |   |   411,810 |
| WeBank                                   |     |   |   228,663 |     |   |   232,434 |
| Aggregate outstanding principal balances |     |   | 1,401,261 |     |   | 1,392,112 |
| Less: current portion                    |     |   | 1,401,261 |     |   | 1,243,617 |
| Non-current portion                      |     | $ |         - |     | $ |   148,495 |

The total interest expense was $19,032 and $26,220 for the three months ended June 30, 2025 and 2024, respectively.

Future minimum loan payments as of June 30, 2025 are as follows:

| Year ending, 
 2026         |     |   | 1,401,261 |