Company: AOAO
Filing Date: 2025-09-16
Form Type: S-1/A
Source: 0001493152-25-013575
Chunk: 145

Company: Alpha One Inc.
Filing Date: 2025-09-16
Form: S-1/A
Chunk 145
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 follows:

|            |     |   | June 30, 
     2025 |     |   | March 31, 
      2025 |
|:-----------|:----|:--|---------:|:----|:--|----------:|
| Hongyan Li |     | $ |  209,144 |     | $ |   206,594 |
|            |     | $ |  209,144 |     | $ |   206,594 |

On June 8, 2023, the Company entered into a loan agreement with its Chief Financial Officer Ms. Hongyan Li to obtain funds for daily operation. The loan amount was $209,144 (RMB 1.5 million) for ten years ending June 7, 2033. The loan is non-interest bearing and has no fixed term.

| F-36 |

NOTE 11 – OPERATING LEASES

As of June 30, 2025, the Company has one operating lease agreements for office spaces in PRC with a non-related party.

As of June 30, 2025, the Company recognized operating lease liabilities, in the amount of $17,986.

|                                           |     |   | June 30, 
     2025 |     |   | March 31, 
      2025 |
|:------------------------------------------|:----|:--|---------:|:----|:--|----------:|
| Right-of-use assets-operating lease       |     | $ |   16,979 |     | $ |    24,896 |
| Operating lease liabilities – current     |     | $ |   17,986 |     | $ |    26,435 |
| Operating lease liabilities – non-current |     |   |        - |     |   |         - |
| Total lease liabilities                   |     | $ |   17,986 |     | $ |    26,435 |

The components of lease expense and supplemental cash flow information related to leases for the three months ended June 30, 2025 and 2024 are as follows:

| Other information for the months ended           |     | 2025 |   |   |     | 2024 |   |   |
| Weighted average remaining lease term (in month) |     |      | 8 |   |     |      | 4 |   |
| Weighted average discount rate                   |     |      |