Company: AOAO
Filing Date: 2025-01-10
Form Type: S-1/A
Source: 0001493152-25-001624
Chunk: 109

Company: Alpha One Inc.
Filing Date: 2025-01-10
Form: S-1/A
Chunk 109
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 years ended            |     | 2024 |   |   |     | 2023 |    |   |
| Weighted average remaining lease term (in month) |     |      | 7 |   |     |      | 19 |   |
| Weighted average discount rate                   |     |      | 5 | % |     |      |  5 | % |

Lease expenses were $30,506 and $16,678 for the years ended March 31, 2024 and 2023, respectively.

| F-18 |

NOTE 12 – BANK AND OTHER BORROWINGS

In February 2023, the Company obtained a loan in the principal amount of RMB1,430,000 (approximately $208,224 when borrowed) from WeBank, which bears interest at 15.05%. The loan is guaranteed by Xiaocai Yu, a related party. The maturity date is on February 20, 2025. The loan was fully repaid in February 2024.

In March 2023, the Company obtained a loan in the principal amount of RMB2,990,000 (approximately $435,377 when borrowed) from Bank of China, which bears interest at 3.85%. The loan is guaranteed by Xiaocai Yu, a related party. The maturity date is on March 27, 2024. The loan was fully repaid in March 2024.

In August 2023, the Company obtained a loan in the principal amount of RMB3,000,000 (approximately $415,494 when borrowed) from Bank of Communications, which bears interest at 5.00%. The loan is guaranteed by Xiaocai Yu, a related party, and pledged by her property. The maturity date is on July 27, 2024. The loan was fully repaid in August 2024.

In February 2024, the Company obtained a loan in the principal amount of RMB1,000,000 (approximately $138,498 when borrowed) from WeBank, which bears interest at 16.70%. The loan is guaranteed by Xiaocai Yu, a related party. The maturity date is on January 20, 2026.

In February 2024, the Company obtained a loan in the principal amount of RMB1,000,000 (approximately $138,498 when borrowed) from WeBank, which bears interest at 16.70%. The loan is guaranteed by Xia