Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 123

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 123
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 |     | As of March 31, |      2025 |     |   |      2024 |
|:-----------------------------------------|:----|:----------------|----------:|:----|:--|----------:|
| Bank loan from the Bank of China         |     | $               |   334,681 |     | $ |   414,109 |
| Bank of Communications                   |     |                 |         - |     |   |   270,071 |
| Bank of Industrial and Commercial        |     |                 |   413,187 |     |   |         - |
| SPD Bank                                 |     |                 |   411,810 |     |   |   415,494 |
| WeBank                                   |     |                 |   232,434 |     |   |   390,169 |
| Aggregate outstanding principal balances |     |                 | 1,392,112 |     |   | 1,489,843 |
| Less: current portion                    |     |                 | 1,243,617 |     |   | 1,351,345 |
| Non-current portion                      |     | $               |   148,495 |     | $ |   138,498 |

| F-18 |

The total interest expense was $94,783 and $57,767 for the years ended March 31, 2025 and 2024, respectively.

Future minimum loan payments as of March 31, 2025 are as follows:

| Year ending March 31, 
 2026                  |     |   | 1,243,617 |
|:----------------------|:----|:--|----------:|
| 2027                  |     |   |   148,495 |
| Thereafter            |     |   |         - |
| Total                 |     | $ | 1,392,112 |

NOTE 14 – CONCENTRATIONS OF RISK

(a) Major customers

For the year ended March 31, 2025, the customers
who accounted for more than 10% of the Company’s revenues and the net accounts receivable balances at period-end are presented
as follows:

|            |     |          | For the year ended 
          March 31, 
               2025 |     |               |    |   |     |                          |          As of 
 March 31, 2025 |     |                      |    |   |
|