Company: AOAO
Filing Date: 2025-07-30
Form Type: S-1/A
Source: 0001641172-25-021532
Chunk: 116

Company: Alpha One Inc.
Filing Date: 2025-07-30
Form: S-1/A
Chunk 116
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 Bank of China, which bears interest at 3.65%. The loan is guaranteed by Xiaocai Yu, a related party. The maturity date is on August 28, 2025.

In November 2024, the Company obtained a loan in the principal amount of RMB2,450,000 (approximately $337,436 when borrowed) from Bank of China, which bears interest at 3.00%. The loan is guaranteed by Xiaocai Yu, a related party. The maturity date is on November 7, 2025.

The balance of the loans borrowed as of March 31, 2025 and 2024 was as follows:

|                                          |     | 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 |

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            |     |   |         -