Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 239

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 239
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 $                    | 6,353,337 |

Note 7 – PREPAYMENTS FOR LONG-TERM ASSETS

As of June 30, 2024, the balance of prepayment for long-term assets mainly represents prepayment of $14,470, 103 for equipment and $2,817,977 for construction in progress. Related equipment was not delivered and related construction did not commence as of June 30, 2024.

Note 8 – EQUITY INVESTMENTS

As of June 30, 2024 and 2023, the Company’s equity investment represents investment in Jiangsu Gongcheng Plastic Co., Ltd. (“Jiangsu Gongcheng”), amounting to $2,234,082 and $2,418,596, respectively.

In July 2017, Jiansu Technology acquired 9% of the equity interest in Jiangsu Gongcheng for a cash consideration of approximately $1.8 million (approximately RMB11.5 million). The Company has no significant influence on the operation of Jiangsu Gongcheng and elected to account for its investment in Jiangsu Gongcheng at cost, less impairment, adjusted for subsequent observable price changes on non-recurring basis.

In October 2023, Shanghai Jiansu entered an agreement to transfer the 9% equity interest of Jiangsu Gongcheng for a cash consideration of RMB16.2 million (the “Gongcheng interest transfer transaction”). In January 2023, the Company received RMB10.0 million from the buyer and recorded as other payable. The Company recognized $728,663 (approximately RMB 4.7 million) of unrealized gain from fair value change resulting from observable price changes in Gongcheng interest transfer transaction for the fiscal year ended June 30, 2023. The transaction was in process and not closed yet as of June 30, 2024. The Carrying value of the equity investment in Jiangsu Gongcheng has no change in fiscal year ended June 30, 2024.

For the fiscal years ended June 30, 2024 and 2023, the Company did not receive any dividends from the investment in Jiangsu Gongcheng.

| F-17 |

Note 9 – SHORT TERM BORROWINGS

As of the issuance date of consolidated financial statements, all the loans outstanding at June 30, 2024 have been fully repaid except the loan from Jiangsu Bank, which has been extended to December 18, 2025 and the loan from