Company: AOAO
Filing Date: 2025-12-12
Form Type: S-1/A
Source: 0001493152-25-027381
Chunk: 121

Company: Alpha One Inc.
Filing Date: 2025-12-12
Form: S-1/A
Chunk 121
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ASES

As of March 31, 2025, the Company has two operating lease agreements for office spaces in PRC with a non-related party.

As of March 31, 2025, the Company recognized operating lease liabilities, including current and noncurrent, in the amount of $26,435.

|                                           |     | As of March 31, |   2025 |     |   |   2024 |
|:------------------------------------------|:----|:----------------|-------:|:----|:--|-------:|
| Right-of-use assets-operating lease       |     | $               | 24,896 |     | $ |  8,542 |
| Operating lease liabilities – current     |     | $               | 26,435 |     | $ | 11,066 |
| Operating lease liabilities – non-current |     |                 |      - |     |   |      - |
| Total lease liabilities                   |     | $               | 26,435 |     | $ | 11,066 |

The components of lease expense and supplemental cash flow information related to leases for the years ended March 31, 2025 and 2024 are as follows:

| Other information for the years ended            |     | 2025 |    |   |     | 2024 |   |   |
| Weighted average remaining lease term (in month) |     |      | 11 |   |     |      | 7 |   |
| Weighted average discount rate                   |     |      |  5 | % |     |      | 5 | % |

Lease expenses were $16,367 and $30,506 for the years ended March 31, 2025 and 2024, respectively.

NOTE 13 – BANK AND OTHER BORROWINGS

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 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.