Company: JSKJ
Filing Date: 2025-11-17
Form Type: F-1
Source: 0001477932-25-008401
Chunk: 240

Company: Jiansu (Shanghai) Information Technology Co., Ltd
Filing Date: 2025-11-17
Form: F-1
Chunk 240
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 Wuxi City Commercial Bank which has not yet matured.

As of June 30, 2024, the Company had utilized $6.8 million of its available lines of credit, leaving approximately $5.0 million unused and available under these lines of credit. The term of the unused line is from October 30, 2023 to October 29, 2024. The line of credit is secured by the account receivable.

All the principals often above borrowings as of June 30, 2024 and 2023 are due upon maturity and interest payments are due on a quarterly basis, monthly basis or upon repayment. Interest expense on the short-term loans amounted to $384,543 and $129,979 for the fiscal year ended June 30, 2024 and 2023, respectively.

The carrying values of the Company’s pledged assets to secure the short-term loans from PRC banks and other financial institutions are as follows:

|                          |     | As of June 30, |      2024 |     |   |      2023 |
|:-------------------------|:----|:---------------|----------:|:----|:--|----------:|
| Accounts receivable, net |     | $              | 2,508,171 |     | $ |         - |
| Buildings, net           |     |                | 3,488,700 |     |   | 1,017,334 |
| Total                    |     | $              | 5,996,871 |     | $ | 1,017,334 |

| F-18 |

Note 10 – NOTES PAYABLE

Notes payable consisted of the following:

|                                                                      |     | As of June 30, |       2024 |     |   |       2023 |
|:---------------------------------------------------------------------|:----|:---------------|-----------:|:----|:--|-----------:|
| Notes payable guaranteed by Industrial Bank                          |     | $              |          - |     | $ | 38,752,781 |
| International Letters of Credit guaranteed by Bank of Communications |     |                |          - |     |   |  1,802,102 |
| Notes payable guaranteed by Huishang Bank                            |     |                |  5,516,252 |     |   |          - |
| Notes payable guaranteed by Zhongyuan Commercial Bank                |     |                |  8,261,967 |     |   |