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ZJK:StatementOfCashFlowsMember 2025-01-01 2025-12-31 0001941506 ZJK:StatementOfCashFlowsMember 2022-12-31 0001941506 ZJK:StatementOfCashFlowsMember 2023-12-31 0001941506 ZJK:StatementOfCashFlowsMember 2024-12-31 0001941506 ZJK:StatementOfCashFlowsMember 2025-12-31 iso4217:USD shares iso4217:USD shares pure iso4217:CNY false 2025 FY 0001941506 20-F false true 2025-12-31 --12-31 false false 001-42286 ZJK Industrial Co., Ltd E9 No.8, Jingqiang Road 138 Industrial Zone Xiuxin Community Kengzi Town Pingshan New Area, Shenzhen CN 518122 Ning Ding 86 0755-28341175 No.8, Jingqiang Road 138 Industrial Zone Xiuxin Community Kengzi Town Pingshan New Area, Shenzhen CN 518122 Class A ordinary shares, par value ofUS$0.000016666667 per share ZJK NASDAQ 63822249 No No Yes Yes Non-accelerated Filer true false false false U.S. GAAP false 7000 HTL International, LLC Houston, Texas 12255213 14350959 797241 2037041 2559362 2234078 10282857 15974676 9165068 11227799 7316029 12143316 872753 964194 249235 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4357430 8974042 4927762 13821973 1284203 1264933 3668171 7689839 3662829 10153802 -1246 -19894 -31233 7691085 3682723 10185035 -460025 -618728 1330423 19 332 -1925 7229833 3044433 11482300 1227 19562 33158 7231060 3063995 11515458 0.13 0.06 0.16 0.13 0.06 0.16 60000000 60336800 62496008 60000000 60336800 62622446 60000000 1000 1792559 360780 12875397 -556538 14473198 -603 14472595 7691085 7691085 -1246 7689839 1922400 -1922400 -460025 -460025 19 -460006 60000000 1000 1792559 2283180 18644082 -1016563 21704258 -1830 21702428 3682723 3682723 -19894 3662829 1381249 23 6906222 6906245 6906245 -1638731 -1638731 -1638731 374932 -374932 52500 52500 -618728 -618728 332 -618396 61381249 1023 7060050 2658112 21951873 -1635291 30035767 31108 30066875 10185035 10185035 -31233 10153802 1800000 30 1750912 1750942 1750942 641000 10 166852 166862 166862 4003 -4003 127249 127249 1330423 1330423 -1925 1328498 63822249 1063 8977814 2662115 32132905 -304868 43469029 125199 43594228 7689839 3662829 10153802 17071 15394 116036 1000020 504370 560846 762236 10431 25636 286220 347177 548561 281849 293169 38844 13794 4346 78 34878 -4041 373264 997587 1040482 2335281 2622348 3409385 213773 232801 350786 1917804 631085 314305 5227716 2025426 598412 1620257 427290 3717561 5435743 378164 388242 180416 69344 30393 -388052 -124132 3877173 2095704 75567 1461872 1772361 96368 602170 1717255 225204 1225041 1406302 548398 44578 348070 -357231 -347522 -476560 4116374 5342539 6559811 366740 2472552 5571558 43926 87054 2597076 -426510 1863561 2319218 2591873 253473 555089 82123 51125 545969 140239 1294473 -2803456 -2582113 183367 1390183 1394545 851388 185450 2639873 1750598 29314 377467 231814 282104 383318 65828 83411 276752 369443 1072314 6906245 52500 127249 -2949253 6746625 -1011513 -76136 -135026 369361 2385458 9150682 3335546 1104472 2826725 12255213 411842 1075047 797241 1516314 3901772 13052454 2826725 12255213 14350959 1075047 797241 2037041 3901772 13052454 16388000 986257 607120 1585805 71606 8164 24322 457731 455499 1100660 2789922 566417 50132 66965 427015 392199 418289 <p id="xdx_804_eus-gaap--OrganizationConsolidationAndPresentationOfFinancialStatementsDisclosureTextBlock_zwt8vo4KTRPa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>1.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_825_zboNLmftiZE6">ORGANIZATION</span> </b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ZJK Industrial Co., Ltd. (“Zhongjinke”) and its consolidated subsidiaries (collectively referred to as the “Company”) are in the business of manufacturing and sale of hardware products. The Company mainly sells its hardware products to customers in People’s Republic of China (“PRC”) and aspires to sell to customers globally including the US market.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Zhongjinke is a holding company incorporated in the Cayman Islands on May 11, 2022, under the Cayman Islands Act as an exempted company with limited liability. Zhongjinke has no substantive operations other than conducting its business through its PRC operating entities, mainly Shenzhen Zhongjinke Hardware Products Co., Ltd (“Zhongjinke Shenzhen”), and Zhongke Precision Components (Guangdong) Co., Ltd. (“Zhongke Components”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b>Business Reorganization</b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In anticipation of an IPO of its equity securities, Zhongjinke undertook a series of reorganization which was completed on March 28, 2023. The reorganization involved the incorporation of Zhongjinke, <span style="background-color: white">ZJK Enterprises Group (BVI) Company Limited</span> (“Zhongjinke BVI”), <span style="background-color: white">ZJK Industrial Group HongKong Limited</span> (“Zhongjinke HK”) in May 2022, and execution of Share Exchange Agreement among Zhongke Chuangwei (Shenzhen) International Holdings Limited (“Zhongjinke WFOE”). On June 13, 2022, Zhongjinke BVI established Zhongjinke HK which was incorporated in Hong Kong with a registered capital of HKD1 and wholly owned by Zhongjinke BVI. On January 6, 2023, Zhongjinke HK acquired Galaxy Exploration Investment Holding Limited (“Galaxy Investment”) by the consideration of <span id="xdx_900_ecustom--IssuanceOfOrdinarySharesUponIpoShares_c20230101__20230106_zR0JcejQ6Ci8" title="Ordinary shares">1,500,000</span> ordinary shares of ZJK Industrial Co., Ltd., through which, Galaxy Investment is wholly owned by Zhongjinke HK and Zhongjinke BVI.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Zhongjinke Shenzhen and Galaxy Investment signed a “Share Exchange Agreement” in March 2023 whereby Zhongjinke WFOE took control of Zhongjinke Shenzhen and its subsidiaries by exchanging <span id="xdx_90B_ecustom--EquityInterest_dp_c20230301__20230331__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_zm98tQYULwz9" title="Equity interest">99.225</span>% of the outstanding shares of Zhongjinke Shenzhen with ordinary shares of Zhongjinke WFOE, remaining <span id="xdx_90E_ecustom--EquityInterest_dp_c20230301__20230331__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_z6K660mQhfa" title="Equity interest">0.775</span>% of the outstanding shares of Zhongjinke Shenzhen are held by Galaxy Investment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Due to the fact that Zhongjinke and its subsidiaries were effectively controlled by the same group of shareholders immediately before and after the reorganization completed in March 2023, as described above, the reorganization was accounted for as a recapitalization. As a result, the Company’s consolidated financial statements have been prepared as if the current corporate structure has been in existence throughout the periods presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of the issuance date of this financial report, the details of subsidiaries are as follows. All subsidiaries are owned by Zhongjinke through equity investment. We do not have a variable interest entity structure.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfAccompanyingConsolidatedFinancialStatementsTableTextBlock_zZDgE4PXJHGg" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - ORGANIZATION (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span id="xdx_8B8_z6zZo87u9tDj" style="display: none">Schedule of Entity</span></td> <td> </td> <td style="padding-left: 2pt"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td> </td> <td style="padding-left: 2pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; padding-left: 10pt; text-align: center; text-indent: -10pt; width: 20%"><span style="font-size: 10pt"><b>Entity name</b></span></td> <td style="padding-bottom: 1pt; width: 1%"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; padding-left: 2pt; text-align: center; width: 13%"><span style="font-size: 10pt"><b>Registered Location</b></span></td> <td style="padding-bottom: 1pt; width: 1%"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; padding-left: 2pt; text-align: center; width: 35%"><span style="font-size: 10pt"><b>Percentage of direct ownership</b></span></td> <td style="padding-bottom: 1pt; width: 1%"> </td> <td style="border-bottom: black 1pt solid; width: 1%"> </td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%"><span style="font-size: 10pt"><b>Date of incorporation</b></span></td> <td style="padding-bottom: 1pt; width: 1%"> </td> <td style="padding-bottom: 1pt; width: 1%"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; padding-left: 2pt; text-align: center; width: 13%"><span style="font-size: 10pt"><b>Principal activities</b></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_907_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeBVIMember_zIOL1tQkkmAf" title="Name">Zhongjinke BVI</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_900_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeBVIMember_z99tkDxDtcyf" title="Registered Location">BVI</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_909_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeBVIMember_zkrRE0nNfkF1" title="Percentage of direct ownership">100% owned by the Zhongjinke</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_900_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeBVIMember_zwdsFFgpO2ie" title="Date of incorporation">May 24, 2022</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_905_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeBVIMember_ziINg5nBkb0e" title="Principal activities">Investment holdings</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_902_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeHKMember_zeguZgItzdfj" title="Name">Zhongjinke HK</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_908_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeHKMember_zegjSxzSblMi" title="Registered Location">Hong Kong</span></span></td> <td> </td> <td><span style="font-size: 10pt"><span id="xdx_906_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeHKMember_zhTziGbbeS8h" title="Percentage of direct ownership">100% owned by Zhongjinke BVI</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_907_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeHKMember_zVpoRjjl6v6g" title="Date of incorporation">June 13, 2022</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90C_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeHKMember_z0FAyhlOASdb" title="Principal activities">Investment holdings</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_904_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_zSYvDgwlTVT3" title="Name">Zhongjinke WFOE</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_901_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_z9KxnpEuhJxj" title="Registered Location">Shenzhen</span></span></td> <td> </td> <td><span style="font-size: 10pt"><span id="xdx_90D_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_z6sVolnMCjXb" title="Percentage of direct ownership">100% owned by Zhongjinke HK</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_90D_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_zOLOAaSgqUql" title="Date of incorporation">December 19, 2022</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90F_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_zT48SfJAiyKh" title="Principal activities">Investment holdings</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_90B_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--GalaxyInvestmentMember_zGu2xDad0mi" title="Name">Galaxy Investment</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_904_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--GalaxyInvestmentMember_zlAZvS7Isqga" title="Registered Location">BVI</span></span></td> <td> </td> <td><span style="font-size: 10pt"><span id="xdx_907_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--GalaxyInvestmentMember_zHJ3J32KoYah" title="Percentage of direct ownership">100% owned by Zhongjinke HK</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_901_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--GalaxyInvestmentMember_zFPW6YuCwRF2" title="Date of incorporation">March 16, 2022</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_903_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--GalaxyInvestmentMember_zaIHtZ7apoOb" title="Principal activities">Investment holdings</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_90A_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_z1KCM2oTwvx3" title="Name">Zhongjinke Shenzhen</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_907_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_zH1ZWvhlpuG5" title="Registered Location">Shenzhen</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_904_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_zcHs6Dh5iF" title="Percentage of direct ownership">99.225% owned by Zhongjinke WFOE and 0.775% owned by Galaxy Investment</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_905_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_zFVlGKDlgND7" title="Date of incorporation">July 18, 2011</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_904_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_z5uBpFwGFXc9" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_909_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongkeComponentsMember_zkajg9b8KEnj" title="Name">Zhongke Components</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90E_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongkeComponentsMember_zPBzxF6GEaB2" title="Registered Location">Qingyuan</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_904_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongkeComponentsMember_zxGViLS8gatb" title="Percentage of direct ownership">100% owned by Zhongjinke Shenzhen</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_903_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongkeComponentsMember_zfZBRG6MsvXi" title="Date of incorporation">April 16, 2021</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_908_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongkeComponentsMember_z9kimBtpIsrk" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt; width: 20%"><span style="font-size: 10pt"><span id="xdx_90F_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--NanjingZhongjinkeHardwareProductsCoLtdMember_zOV3kZsgJ5xh" title="Name">Nanjing Zhongjinke Hardware Products Co., Ltd (“Zhongjinke Nanjing”)</span></span></td> <td style="width: 1%"> </td> <td style="padding-left: 2pt; width: 13%"><span style="font-size: 10pt"><span id="xdx_901_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--NanjingZhongjinkeHardwareProductsCoLtdMember_z45dDSvHwFxj" title="Registered Location">Nanjing</span></span></td> <td style="width: 1%"> </td> <td style="padding-left: 2pt; width: 35%"><span style="font-size: 10pt"><span id="xdx_902_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--NanjingZhongjinkeHardwareProductsCoLtdMember_zGOlPra2zjTb" title="Percentage of direct ownership">51% by Zhongjinke Shenzhen</span></span></td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: center; width: 13%"><span style="font-size: 10pt"><span id="xdx_90A_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--NanjingZhongjinkeHardwareProductsCoLtdMember_zPghagaoup9f" title="Date of incorporation">May 3, 2016</span></span></td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="padding-left: 2pt; width: 13%"><span style="font-size: 10pt"><span id="xdx_901_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--NanjingZhongjinkeHardwareProductsCoLtdMember_zcCTD3XPI0lj" title="Principal activities">Selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_904_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZIKPrecisionHKLimitedMember_zhWqpb5x7sQg" title="Name">ZIK Precision HK Limited (“ZJK Precision HK”)</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_905_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZIKPrecisionHKLimitedMember_z7cjwefO5U23" title="Registered Location">Hong Kong</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_902_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZIKPrecisionHKLimitedMember_z0bDgRHc3Db2" title="Percentage of direct ownership">100% owned by Zhongjinke Shenzhen</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_900_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZIKPrecisionHKLimitedMember_ze0HLEmIIK77" title="Date of incorporation">July 27, 2023</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90E_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZIKPrecisionHKLimitedMember_z7HVZMZBRDfe" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_905_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZJKVietnamPrecisionComponentsCompanyLimitedMember_zTL2vYtdA8h2" title="Name">ZJK Vietnam Precision Components Company Limited (“ZJK Precision Vietnam”)</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_909_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZJKVietnamPrecisionComponentsCompanyLimitedMember_zEpzOSJVWjSa" title="Registered Location">Vietnam</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_903_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZJKVietnamPrecisionComponentsCompanyLimitedMember_zhPZr5Mhjve2" title="Percentage of direct ownership">93% owned by ZJK Precision HK</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_904_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZJKVietnamPrecisionComponentsCompanyLimitedMember_zRSVFCSIm2ya" title="Date of incorporation">April 26, 2024</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90C_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZJKVietnamPrecisionComponentsCompanyLimitedMember_zJrYyFuhSFH5" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_905_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ShenzhenZhongteMember_zJCDMVibkHV3" title="Name">Shenzhen Zhongte Fluid Technology Co., Ltd. (“Zhongte Fluid”)</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90F_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ShenzhenZhongteMember_zF0dcQ6UYH7j" title="Registered Location">Shenzhen</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_908_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ShenzhenZhongteMember_zVVoUgrJ8n58" title="Percentage of direct ownership">60% owned by Zhongjinke Shenzhen</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_903_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ShenzhenZhongteMember_zBii3DJjxDk1" title="Date of incorporation">May 22, 2025</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_901_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ShenzhenZhongteMember_zdX9jTxrblh1" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_902_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--IntelPrecisionComponentsMember_zjNmXY4iASnl" title="Name">Intel Precision Components (Longyan) Co., Ltd. (“Intel Longyan”)</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90A_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--IntelPrecisionComponentsMember_zZDzPLrEtrPi" title="Registered Location">Longyan</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_901_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--IntelPrecisionComponentsMember_zY5YTdXKFXVl" title="Percentage of direct ownership">100% owned by Zhongjinke Shenzhen</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_908_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--IntelPrecisionComponentsMember_zpXHZcEWwItb" title="Date of incorporation">July 2, 2025</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_906_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--IntelPrecisionComponentsMember_zNGleOf91u61" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_909_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkePrecisionMember_z2TK2ZZnJwW1" title="Name">Zhongjinke Precision Parts (Sichuan) Co., Ltd. (“Zhongjinke Sichuan”)</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90E_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkePrecisionMember_ztha9wHlTcnj" title="Registered Location">Meishan</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_903_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkePrecisionMember_z9eH4Yj1Shp9" title="Percentage of direct ownership">100% owned by Zhongjinke Shenzhen</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_90D_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkePrecisionMember_zciLHGPsnIg6" title="Date of incorporation">August 1, 2025</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_902_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkePrecisionMember_zYSMnKeZdu9f" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> </table> <p id="xdx_8AE_zTv6yJMmbAT4" style="margin-top: 0; margin-bottom: 0"> </p> 1500000 0.99225 0.00775 <table cellpadding="0" cellspacing="0" id="xdx_891_ecustom--ScheduleOfAccompanyingConsolidatedFinancialStatementsTableTextBlock_zZDgE4PXJHGg" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - ORGANIZATION (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span id="xdx_8B8_z6zZo87u9tDj" style="display: none">Schedule of Entity</span></td> <td> </td> <td style="padding-left: 2pt"> </td> <td> </td> <td> </td> <td> </td> <td> </td> <td style="text-align: center"> </td> <td> </td> <td> </td> <td style="padding-left: 2pt"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: black 1pt solid; padding-left: 10pt; text-align: center; text-indent: -10pt; width: 20%"><span style="font-size: 10pt"><b>Entity name</b></span></td> <td style="padding-bottom: 1pt; width: 1%"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; padding-left: 2pt; text-align: center; width: 13%"><span style="font-size: 10pt"><b>Registered Location</b></span></td> <td style="padding-bottom: 1pt; width: 1%"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; padding-left: 2pt; text-align: center; width: 35%"><span style="font-size: 10pt"><b>Percentage of direct ownership</b></span></td> <td style="padding-bottom: 1pt; width: 1%"> </td> <td style="border-bottom: black 1pt solid; width: 1%"> </td> <td style="border-bottom: black 1pt solid; text-align: center; width: 13%"><span style="font-size: 10pt"><b>Date of incorporation</b></span></td> <td style="padding-bottom: 1pt; width: 1%"> </td> <td style="padding-bottom: 1pt; width: 1%"> </td> <td style="border-bottom: black 1pt solid; padding-bottom: 1pt; padding-left: 2pt; text-align: center; width: 13%"><span style="font-size: 10pt"><b>Principal activities</b></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_907_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeBVIMember_zIOL1tQkkmAf" title="Name">Zhongjinke BVI</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_900_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeBVIMember_z99tkDxDtcyf" title="Registered Location">BVI</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_909_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeBVIMember_zkrRE0nNfkF1" title="Percentage of direct ownership">100% owned by the Zhongjinke</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_900_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeBVIMember_zwdsFFgpO2ie" title="Date of incorporation">May 24, 2022</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_905_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeBVIMember_ziINg5nBkb0e" title="Principal activities">Investment holdings</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_902_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeHKMember_zeguZgItzdfj" title="Name">Zhongjinke HK</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_908_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeHKMember_zegjSxzSblMi" title="Registered Location">Hong Kong</span></span></td> <td> </td> <td><span style="font-size: 10pt"><span id="xdx_906_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeHKMember_zhTziGbbeS8h" title="Percentage of direct ownership">100% owned by Zhongjinke BVI</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_907_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeHKMember_zVpoRjjl6v6g" title="Date of incorporation">June 13, 2022</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90C_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeHKMember_z0FAyhlOASdb" title="Principal activities">Investment holdings</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_904_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_zSYvDgwlTVT3" title="Name">Zhongjinke WFOE</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_901_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_z9KxnpEuhJxj" title="Registered Location">Shenzhen</span></span></td> <td> </td> <td><span style="font-size: 10pt"><span id="xdx_90D_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_z6sVolnMCjXb" title="Percentage of direct ownership">100% owned by Zhongjinke HK</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_90D_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_zOLOAaSgqUql" title="Date of incorporation">December 19, 2022</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90F_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeWFOEMember_zT48SfJAiyKh" title="Principal activities">Investment holdings</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_90B_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--GalaxyInvestmentMember_zGu2xDad0mi" title="Name">Galaxy Investment</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_904_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--GalaxyInvestmentMember_zlAZvS7Isqga" title="Registered Location">BVI</span></span></td> <td> </td> <td><span style="font-size: 10pt"><span id="xdx_907_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--GalaxyInvestmentMember_zHJ3J32KoYah" title="Percentage of direct ownership">100% owned by Zhongjinke HK</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_901_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--GalaxyInvestmentMember_zFPW6YuCwRF2" title="Date of incorporation">March 16, 2022</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_903_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--GalaxyInvestmentMember_zaIHtZ7apoOb" title="Principal activities">Investment holdings</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_90A_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_z1KCM2oTwvx3" title="Name">Zhongjinke Shenzhen</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_907_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_zH1ZWvhlpuG5" title="Registered Location">Shenzhen</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_904_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_zcHs6Dh5iF" title="Percentage of direct ownership">99.225% owned by Zhongjinke WFOE and 0.775% owned by Galaxy Investment</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_905_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_zFVlGKDlgND7" title="Date of incorporation">July 18, 2011</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_904_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkeShenzhenMember_z5uBpFwGFXc9" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_909_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongkeComponentsMember_zkajg9b8KEnj" title="Name">Zhongke Components</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90E_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongkeComponentsMember_zPBzxF6GEaB2" title="Registered Location">Qingyuan</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_904_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongkeComponentsMember_zxGViLS8gatb" title="Percentage of direct ownership">100% owned by Zhongjinke Shenzhen</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_903_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongkeComponentsMember_zfZBRG6MsvXi" title="Date of incorporation">April 16, 2021</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_908_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongkeComponentsMember_z9kimBtpIsrk" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> </table> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt; width: 20%"><span style="font-size: 10pt"><span id="xdx_90F_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--NanjingZhongjinkeHardwareProductsCoLtdMember_zOV3kZsgJ5xh" title="Name">Nanjing Zhongjinke Hardware Products Co., Ltd (“Zhongjinke Nanjing”)</span></span></td> <td style="width: 1%"> </td> <td style="padding-left: 2pt; width: 13%"><span style="font-size: 10pt"><span id="xdx_901_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--NanjingZhongjinkeHardwareProductsCoLtdMember_z45dDSvHwFxj" title="Registered Location">Nanjing</span></span></td> <td style="width: 1%"> </td> <td style="padding-left: 2pt; width: 35%"><span style="font-size: 10pt"><span id="xdx_902_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--NanjingZhongjinkeHardwareProductsCoLtdMember_zGOlPra2zjTb" title="Percentage of direct ownership">51% by Zhongjinke Shenzhen</span></span></td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="text-align: center; width: 13%"><span style="font-size: 10pt"><span id="xdx_90A_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--NanjingZhongjinkeHardwareProductsCoLtdMember_zPghagaoup9f" title="Date of incorporation">May 3, 2016</span></span></td> <td style="width: 1%"> </td> <td style="width: 1%"> </td> <td style="padding-left: 2pt; width: 13%"><span style="font-size: 10pt"><span id="xdx_901_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--NanjingZhongjinkeHardwareProductsCoLtdMember_zcCTD3XPI0lj" title="Principal activities">Selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_904_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZIKPrecisionHKLimitedMember_zhWqpb5x7sQg" title="Name">ZIK Precision HK Limited (“ZJK Precision HK”)</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_905_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZIKPrecisionHKLimitedMember_z7cjwefO5U23" title="Registered Location">Hong Kong</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_902_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZIKPrecisionHKLimitedMember_z0bDgRHc3Db2" title="Percentage of direct ownership">100% owned by Zhongjinke Shenzhen</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_900_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZIKPrecisionHKLimitedMember_ze0HLEmIIK77" title="Date of incorporation">July 27, 2023</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90E_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZIKPrecisionHKLimitedMember_z7HVZMZBRDfe" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_905_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZJKVietnamPrecisionComponentsCompanyLimitedMember_zTL2vYtdA8h2" title="Name">ZJK Vietnam Precision Components Company Limited (“ZJK Precision Vietnam”)</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_909_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZJKVietnamPrecisionComponentsCompanyLimitedMember_zEpzOSJVWjSa" title="Registered Location">Vietnam</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_903_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZJKVietnamPrecisionComponentsCompanyLimitedMember_zhPZr5Mhjve2" title="Percentage of direct ownership">93% owned by ZJK Precision HK</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_904_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZJKVietnamPrecisionComponentsCompanyLimitedMember_zRSVFCSIm2ya" title="Date of incorporation">April 26, 2024</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90C_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZJKVietnamPrecisionComponentsCompanyLimitedMember_zJrYyFuhSFH5" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_905_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ShenzhenZhongteMember_zJCDMVibkHV3" title="Name">Shenzhen Zhongte Fluid Technology Co., Ltd. (“Zhongte Fluid”)</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90F_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ShenzhenZhongteMember_zF0dcQ6UYH7j" title="Registered Location">Shenzhen</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_908_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ShenzhenZhongteMember_zVVoUgrJ8n58" title="Percentage of direct ownership">60% owned by Zhongjinke Shenzhen</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_903_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ShenzhenZhongteMember_zBii3DJjxDk1" title="Date of incorporation">May 22, 2025</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_901_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ShenzhenZhongteMember_zdX9jTxrblh1" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_902_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--IntelPrecisionComponentsMember_zjNmXY4iASnl" title="Name">Intel Precision Components (Longyan) Co., Ltd. (“Intel Longyan”)</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90A_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--IntelPrecisionComponentsMember_zZDzPLrEtrPi" title="Registered Location">Longyan</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_901_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--IntelPrecisionComponentsMember_zY5YTdXKFXVl" title="Percentage of direct ownership">100% owned by Zhongjinke Shenzhen</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_908_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--IntelPrecisionComponentsMember_zpXHZcEWwItb" title="Date of incorporation">July 2, 2025</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_906_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--IntelPrecisionComponentsMember_zNGleOf91u61" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-left: 10pt; text-indent: -10pt"><span style="font-size: 10pt"><span id="xdx_909_eus-gaap--BusinessAcquisitionNameOfAcquiredEntity_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkePrecisionMember_z2TK2ZZnJwW1" title="Name">Zhongjinke Precision Parts (Sichuan) Co., Ltd. (“Zhongjinke Sichuan”)</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_90E_ecustom--BusinessAcquisitionNameOfAcquiredRegisteredLocation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkePrecisionMember_ztha9wHlTcnj" title="Registered Location">Meishan</span></span></td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_903_eus-gaap--EmployeeStockOwnershipPlanESOPDebtStructureDirectLoanDescription_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkePrecisionMember_z9eH4Yj1Shp9" title="Percentage of direct ownership">100% owned by Zhongjinke Shenzhen</span></span></td> <td> </td> <td> </td> <td style="text-align: center"><span style="font-size: 10pt"><span id="xdx_90D_ecustom--DateOfIncorporation_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkePrecisionMember_zciLHGPsnIg6" title="Date of incorporation">August 1, 2025</span></span></td> <td> </td> <td> </td> <td style="padding-left: 2pt"><span style="font-size: 10pt"><span id="xdx_902_ecustom--PrincipalActivities_c20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--ZhongjinkePrecisionMember_zYSMnKeZdu9f" title="Principal activities">Manufacturing and selling hardware products</span></span></td></tr> </table> Zhongjinke BVI BVI 100% owned by the Zhongjinke May 24, 2022 Investment holdings Zhongjinke HK Hong Kong 100% owned by Zhongjinke BVI June 13, 2022 Investment holdings Zhongjinke WFOE Shenzhen 100% owned by Zhongjinke HK December 19, 2022 Investment holdings Galaxy Investment BVI 100% owned by Zhongjinke HK March 16, 2022 Investment holdings Zhongjinke Shenzhen Shenzhen 99.225% owned by Zhongjinke WFOE and 0.775% owned by Galaxy Investment July 18, 2011 Manufacturing and selling hardware products Zhongke Components Qingyuan 100% owned by Zhongjinke Shenzhen April 16, 2021 Manufacturing and selling hardware products Nanjing Zhongjinke Hardware Products Co., Ltd (“Zhongjinke Nanjing”) Nanjing 51% by Zhongjinke Shenzhen May 3, 2016 Selling hardware products ZIK Precision HK Limited (“ZJK Precision HK”) Hong Kong 100% owned by Zhongjinke Shenzhen July 27, 2023 Manufacturing and selling hardware products ZJK Vietnam Precision Components Company Limited (“ZJK Precision Vietnam”) Vietnam 93% owned by ZJK Precision HK April 26, 2024 Manufacturing and selling hardware products Shenzhen Zhongte Fluid Technology Co., Ltd. (“Zhongte Fluid”) Shenzhen 60% owned by Zhongjinke Shenzhen May 22, 2025 Manufacturing and selling hardware products Intel Precision Components (Longyan) Co., Ltd. (“Intel Longyan”) Longyan 100% owned by Zhongjinke Shenzhen July 2, 2025 Manufacturing and selling hardware products Zhongjinke Precision Parts (Sichuan) Co., Ltd. (“Zhongjinke Sichuan”) Meishan 100% owned by Zhongjinke Shenzhen August 1, 2025 Manufacturing and selling hardware products <p id="xdx_80F_eus-gaap--SignificantAccountingPoliciesTextBlock_zv69wIVvI5Re" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>2.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_82B_ze9Zv9OrG3d8">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span></b></span></td></tr></table> <p id="xdx_84E_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zOPHK5svFrta" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(a)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_865_z5T9mcG0xJYf">Basis of Presentation</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).</p> <p id="xdx_847_eus-gaap--ConsolidationPolicyTextBlock_z88pHkb23LXj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(b)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_867_zfba043FWPhb">Principles of consolidation</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation.</p> <p id="xdx_848_eus-gaap--UseOfEstimates_zUOGR2WMKrxc" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(c)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_869_zriOTCuu7iA9">Use of estimates</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05pt">The preparation of the consolidated financial statements in conformity with US GAAP requires management of the Company to make certain estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s management based on their estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgements about the carrying value of assets and liabilities that are not readily apparent from other sources.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05pt">Significant accounting estimates reflected in the Company’s consolidated financial statements include, but not limited to revenue recognition, provision for credit losses, inventory write-off and reserve, the useful lives and impairment of long-lived assets and valuation allowance for deferred tax assets. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates.</p> <p id="xdx_84B_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zBqAnU8iTbp7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(d)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_860_ziHB5ca1ab8i">Foreign currency translations and transactions</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s reporting currency is the United States dollar (“US$”). The functional currency of Zhongjinke, Zhongjinke BVI, Zhongjinke HK, and ZJK Precision HK is US$, the functional currency of its PRC subsidiaries is the Renminbi (“RMB”) and the functional currency of ZJK Precision Vietnam is the Vietnamese Dong (“VND”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s financial statements are reported using US$. The results of operations and the consolidated statements of cash flows denominated in foreign currencies are translated at the average rate of exchange during the reporting period. Assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date. The equity denominated in the functional currency is translated at the historical rate of exchange at the time of capital contribution. Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive loss included in consolidated statements of changes in equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Translation of amounts from RMB and VND into US$ has been made at the following exchange rates:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfChangeInAssetRetirementObligationTableTextBlock_zEmtzCNSCiM5" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)"> <tr style="background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span id="xdx_8BC_z7WO6L2UNRt3" style="display: none">Schedule of Translation of amounts</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; text-indent: -10pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>December 31, 2025</b></span></td> <td> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; width: 53%; text-align: center; text-indent: -10pt"> </td> <td style="width: 1%; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Year-end spot rate</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-family: MS Mincho,serif; font-size: 10pt"><b>　</b></span></td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Average rate</b></span></td> <td style="width: 1%"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against RMB</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"><span style="font-family: MS Mincho,serif; font-size: 10pt">　</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_900_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--USD_zMgeZkaFBZxi" title="Foreign currency transactions">US$1=RMB6.9931</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_903_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--USD_zG4gVlKU8qzg" title="Foreign currency transactions">US$1=RMB7.1708</span></span></td> <td> </td></tr> <tr style="background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against VND</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90C_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--VND_zCwQopAXKrej" title="Foreign currency transactions">US$1=VND26300.0000</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_909_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--VND_zc4tKWRnumh3" title="Foreign currency transactions">US$1=VND26021.0833</span></span></td> <td> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>December 31, 2024</b></span></td> <td style="padding-bottom: 1pt"> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; width: 53%; text-align: center; text-indent: -10pt"> </td> <td style="width: 1%; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Year-end spot rate</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-family: MS Mincho,serif; font-size: 10pt"><b>　</b></span></td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Average rate</b></span></td> <td style="width: 1%; padding-bottom: 1pt"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against RMB</span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"><span style="font-family: MS Mincho,serif; font-size: 10pt">　</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90D_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--USD_zBHS3UGQfOG2" title="Foreign currency transactions">US$1=RMB7.2993</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_908_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--USD_zAYNdWf0SsJd" title="Foreign currency transactions">US$1=RMB7.1933</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"> </td></tr> <tr style="background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-size: 10pt">US$ against VND</span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90B_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--VND_zY3aNC3mMT6c" title="Foreign currency transactions">US$1=VND25480.0000</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_900_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--VND_z2vuwodC1ep4" title="Foreign currency transactions">US$1=VND25068.6667</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; text-indent: -10pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>December 31, 2023</b></span></td> <td> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; width: 53%; text-align: center; text-indent: -10pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Year-end spot rate</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-family: MS Mincho,serif; font-size: 10pt"><b>　</b></span></td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Average rate</b></span></td> <td style="width: 1%"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against RMB</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"><span style="font-family: MS Mincho,serif; font-size: 10pt">　</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90C_eus-gaap--ForeignCurrencyTransactionsDescription_c20230101__20231231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--USD_zATMhh5L1g3f" title="Foreign currency transactions">US$1=RMB7.0999</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_900_eus-gaap--ForeignCurrencyTransactionsDescription_c20230101__20231231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--USD_zMcmcorihBZi" title="Foreign currency transactions">US$1=RMB7.0896</span></span></td> <td> </td></tr> </table> <p id="xdx_8A8_zSNeNg6uCzR5" style="margin-top: 0; margin-bottom: 0"> </p> <p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_zyq7BnV5Jn5" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(e)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_864_zOsGxm5h83Y6">Concentration of credit risk</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially expose the Company to the concentration of credit risk consist primarily of cash and cash equivalents, restricted cash, accounts receivable, and other receivables. As of December 31, 2024 and 2025, the Company places its cash and cash equivalents and restricted cash with major financial institutions located in the PRC, which management considers to be of high credit quality. Concentration of credit risks with respect to accounts receivable, and other receivables, to manage credit risk, the Company performs ongoing credit evaluations of customers’ and suppliers’ financial condition. There is no significant credit risk for the years ended December 31, 2023, 2024 and 2025.</p> <p id="xdx_84C_ecustom--ConcentrationOfCustomersAndSuppliersPolicyTextBlock_zs0mXPWxeGyf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(f)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_866_zBZ3YCtH3Us2">Concentration of customers and suppliers</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The customers whose revenues individually represented greater than 10% of the total revenues of the Company for the years ended December 31, 2023, 2024 and 2025 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--SchedulesOfConcentrationOfRiskByRiskFactorTextBlock_ztqFpAIbLLH4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B5_zWKD2tcymvSh" style="display: none">Schedule of Concentration of customers and suppliers</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s total revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Customer A</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--CustomerAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zCbz0FNJcEna" title="Concentration risk percentage">52</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zTQSteeJ9514" title="Concentration risk percentage">44</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zRBvgV7JK0Al" title="Concentration risk percentage">36</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_ziIeXIxACAYi" title="Concentration risk percentage">16</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer D</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerDMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9Bqr40yNie3" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer B</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zsIpr1QSld1e" title="Concentration risk percentage">24</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zwfaGsheTQyj" title="Concentration risk percentage">12</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zOWYGdjvWxf3" title="Concentration risk percentage">10</span></td> <td style="text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* represents percentage less than 10%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify">Accounts receivable due from those customers were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s accounts receivables</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Customer  B</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zqvwfNwDRHwf" title="Concentration risk percentage">28</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zvZYGdBd3RFk" title="Concentration risk percentage">23</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zL5Rl9FbWJZh" title="Concentration risk percentage">18</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9vBn2Qqf843" title="Concentration risk percentage">22</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer D</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerDMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zR6cdJnRPpjj" title="Concentration risk percentage">16</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerDMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zh8W1fjVYomd" title="Concentration risk percentage">19</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer E</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerEMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z0z1rzXrKtYk" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerEMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zYULONMFVLbk" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify">The suppliers whose purchase individually represented greater than 10% of the total cost of revenue of the Company for the years ended December 31, 2023, 2024 and 2025 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s total purchase</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Supplier A</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zrX3dD30tq03" title="Concentration risk percentage">20</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zb5SWqRA8bD1" title="Concentration risk percentage">16</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9cNfk5UXZ91" title="Concentration risk percentage">14</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier B</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">18</td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zdUSpbEHQBjj" title="Concentration risk percentage">14</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--SupplierCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zxnMldwMsQYh" title="Concentration risk percentage">15</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zOIg11q8n3D1" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* represents percentage less than 10%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify">Accounts payable due to those suppliers were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s accounts payables</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Supplier A</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zoIRqnT3ZV03" title="Concentration risk percentage">19</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zvQhxfQSQMb7" title="Concentration risk percentage">13</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier B</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_ziSMYnLGcDDg" title="Concentration risk percentage">15</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zp5PyVCMKNye" title="Concentration risk percentage">11</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* represents percentage less than 10%</p> <p id="xdx_8AD_z7KszJZAKTE9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_846_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_znSEuuQj9wWh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(g)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86F_zP8SUuYjthL">Fair value measurement and financial instruments</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company applies a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Under this hierarchy, there are three levels of inputs that may be used to measure fair value:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 9px; text-align: justify"> </td> <td style="width: 15px"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical asset or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Determining which category an asset or liability falls within the hierarchy requires significant judgment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts of financial instruments, which consist of cash and cash equivalents, restricted cash, accounts receivable, net, accounts receivable-due from a related party, other receivables-due from related parties, accounts payable, notes payable, short-term bank borrowings and other liabilities approximate their fair values due to the short-term nature of these instruments.</p> <p id="xdx_847_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zFqTlMCjgmRf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(h)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_866_zNx5USeCrfRg">Cash and cash equivalents</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash and cash equivalents consist of cash on hand, cash in bank and short term, highly liquid investments which are unrestricted as to withdrawal and use, and which have maturities of three months or less when purchased and are readily convertible to known amount of cash.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_846_eus-gaap--CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_zzUdtmVQ1j0d" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(i)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86B_z4qxGAO3XDs5">Restricted cash</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Restricted cash are security deposits held in banks for issuance of notes payable for the purchase of materials. Restricted cash is classified as current since all restrictions are within twelve months.</p> <p id="xdx_840_ecustom--ShortTermInvestmentsPolicyTextBlock_zNhH9nc5nkGg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(j)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_866_zf1Xamcxbhj2">Short-term investments</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Short-term investments consist of corporate fixed deposit with maturity of six months and fixed deposits pledged as security deposit for notes payable with term of six months.</p> <p id="xdx_847_eus-gaap--ReceivablesPolicyTextBlock_zO8oxj6KMGVl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(k)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86C_zsJwiUbZBzh2">Accounts receivable, net</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable, net is recognized and carried at original invoiced amount net of provision of credit losses. On January 1, 2023, the Company adopted FASB ASC Topic 326 –” Financial Instruments - Credit losses” (“ASC Topic 326”) which replaces the incurred loss methodology with the current expected credit loss (“CECL”) methodology. The Company adopted ASC Topic 326 using the modified retrospective approach for all in-scope assets. The adoption of ASC Topic 326 on the Company’s consolidated financial statements was immaterial.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has developed a CECL model based on historical experience, the age of the accounts receivable balances, credit quality of its customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect its ability to collect from customers. The Company considers historical collection rates, current financial status, macroeconomic factors, and other industry-specific factors when evaluating for current expected credit losses.</p> <p id="xdx_849_eus-gaap--InventoryPolicyTextBlock_z4uf1ezhdfgg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(l)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_867_zxm7sWL3TYAh">Inventories, net</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventories are stated at the lower of cost or realizable value. Cost is principally determined on the weighted average basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company periodically performs an analysis of inventory to determine obsolete or slow-moving inventory and determine if its cost exceeds the estimated market value. Write-off of potentially obsolete or slow-moving inventory are recorded based on management’s analysis of inventory levels.</p> <p id="xdx_845_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zkpaabLXUl8k" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(m)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_864_zp7dfWyLWOA5">Property, plant and equipment, net </span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property, plant and equipment are stated at cost including the cost of improvements. Maintenance and repairs are charged to expense as incurred. Depreciation and amortization are provided on the straight-line method based on the estimated useful lives and residual value of the assets as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfEstimatedUsefulLivesOfPropertyAndEquipmentNetTableTextBlock_z82TgEdliuN" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"><span id="xdx_8B4_zBlcvqQ4uaIk">Schedule of Property, plant and equipment, net</span></td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: center; text-indent: -10pt">Category</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Useful lives</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Estimated residual value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 42%; text-indent: -10pt">Buildings</td><td style="width: 8%"> </td> <td style="width: 25%; text-align: center; padding-left: 5.4pt"><span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_z3udiacWw84k">20</span> years</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 15%; text-align: right"><span id="xdx_905_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zMeAzXTeICI4">5</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Machinery and equipment</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_ziQnItvH9LDa">10</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zhha31qwOLC9">10</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Motor Vehicles</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_z0fgyYooMjzf">5</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zoDAFjR1F3E7">10</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Furniture and fixtures</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zZ1qOK1PEKl1">5</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zAWfNURP6Pzf">5</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Electronic office equipment</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_909_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zo4cjDcAFIB3">3</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zTK2xV3IIDd5">5</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Leasehold improvements</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember__srt--RangeAxis__srt--MinimumMember_ztUwx8A9jrd9">1.5</span> to <span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MaximumMember_zr5J5Hyij2v9">10</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zOuD3A2qvvt8">0</span></td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8A5_z67qTxVXgCGe" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Major improvements are capitalized and depreciated. Construction in progress represents property, plant and equipment under construction or being installed. Costs include original cost, installation, construction and other direct costs. Interest expenses directly related to construction in progress would be capitalized. Construction in progress is transferred to the appropriate fixed asset account and depreciation commences when the asset has been substantially completed and placed in service.</p> <p id="xdx_84B_ecustom--LongTermInvestmentPolicyTextBlock_zNzlosiUqkgb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(n)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86D_zmtRfx6etUL">Long-term investment</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The investments for which the Company has the ability to exercise significant influence are accounted for under the equity method. Under the equity method, the Company initially records its investment at cost. The difference between the cost of the equity investment and the amount of the underlying equity in the net assets of the equity investee is recognized as equity method goodwill or as an intangible asset as appropriate, which is included in the equity method investment on the combined balance sheets. The Company subsequently adjusts the carrying amount of the investment to recognize the Company’s proportionate share of each equity investee’s net income or loss into consolidated statements of operations and comprehensive income after the date of acquisition.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company assess whether an investment is impaired based on performance and financial position of the investee as well as other evidence of market value at each reporting date. Such assessment includes, but is not limited to, reviewing the investee’s cash position, recent financing, as well as the financial and business performance. The Company recognizes an impairment loss equal to the difference between the carrying value and fair value in the combined statements of operations and comprehensive income if any.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">No impairment of long-term investments was recognized for the years ended December 31, 2023, 2024 and 2025.</p> <p id="xdx_844_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zNZxozNtW1la" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(o)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_868_zS9c3YagnCXi">Impairment of long-lived assets</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Long-lived assets are included in impairment evaluations when events and circumstances exist that indicate the carrying value of these assets may not be recoverable. In accordance with ASC No. 360, “Property, Plant and Equipment” and “Real estate properties for lease”, the Company assesses the recoverability of the carrying value of long-lived assets by first grouping its long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows largely independent of the cash flows of other assets and liabilities (the asset group) and, secondly, estimating the undiscounted future cash flows that are directly associated with and expected to arise from the use of and eventual disposition of such asset group. The Company estimates the undiscounted cash flows over the remaining useful life of the primary asset within the asset group. If the carrying value of the asset group exceeds the estimated undiscounted cash flows, the Company records an impairment charge to the extent the carrying value of the long-lived asset exceeds its fair value. The Company determines fair value through quoted market prices in active markets or, if quotations of market prices are unavailable, through the performance of internal analysis using a discounted cash flow methodology. The undiscounted and discounted cash flow analyses based on a number of estimates and assumptions, including the expected period over which the asset will be utilized, projected future operating results of the asset group, discount rate and long-term growth rate. No impairment of long-lived assets was recognized for the years ended December 31, 2023, 2024 and 2025.</p> <p id="xdx_840_ecustom--NotesPayablePolicyTextBlock_zsMMveutUsq4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(p)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_867_z3rBfnFHVCwb">Notes payable</span> </b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Notes payable represented the amount of bank acceptance notes the Company’s suppliers received from the Company for its purchases of raw materials. These notes were issued by financial institutions, typically by banks, that entitle the Company’s suppliers to receive the face value of notes from the bank or financial institution at maturity. Notes payable are interest-free and have a term of within one year from the date of issuance. Notes payable are recognized at cost, net transaction costs.</p> <p id="xdx_848_eus-gaap--LesseeLeasesPolicyTextBlock_z9OZb8uUW5N9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(q)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86F_zeVfVuTCSB0j">Leases</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span style="text-decoration: underline">Lessee</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Effective from January 1, 2020, the Company adopted Accounting Standards Update (“ASU”) 2016-02, Lease (FASB ASC Topic 842) using a modified retrospective transition method which allowed the Company not to recast comparative periods presented in its consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Company assess whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span style="text-decoration: underline">Financing lease and operating lease as Lessee</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company classifies a lease as a financing lease at lease commencement when the lease meets any one of the criteria:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">a. The lease transfers ownership of the underlying asset to the lessee by the end of the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">b. The lease grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">c. The lease term is for a major part of the remaining economic life of the underlying asset.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">d. The present value of the sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease payments equals or exceeds substantially all of the fair value of the underlying asset.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">e. The underlying asset is of such a specialized nature that it is expected to have no alternative use to the Company at the end of the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">When none of the criteria are met, the Company classifies a lease as an operating lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Lease terms are based on the non-cancellable term of the lease and may contain options to extend the lease when it is reasonably certain that the Company will exercise the option. Lease liabilities represent the present value of the lease payments not yet paid, discounted using the incremental borrowing rate for the lease at lease commencement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company estimates its incremental borrowing rate for its leases at the commencement date to determine the present value of future lease payments when the implicit rate is not readily determinable in the lease. In estimating its incremental borrowing rate, the Company considers its credit rating and publicly available data of borrowing rates for loans of similar amount, currency and term as the lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating leases are presented as “operating right-of-use assets” and “operating lease liabilities”. Lease liabilities that become due within one year of the balance sheet date are classified as current liabilities. At lease commencement, right-of-use assets represent the right to use underlying assets for their respective lease terms and are recognized at amounts equal to the lease liabilities adjusted for any lease payments made prior to the lease commencement date, less any lease incentives received and any initial direct costs incurred by the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">After lease commencement, operating lease liabilities are measured at the present value of the remaining lease payments using the discount rate determined at lease commencement. Right-of-use assets are measured at the amount of the lease liabilities and further adjusted for prepaid or accrued lease payments, the remaining balance of any lease incentives received, unamortized initial direct costs and impairment of the right-of-use assets, if any. Operating lease expense is recognized as a single cost on a straight-line basis over the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financing leases are presented as “finance lease right-of-use assets” and “finance lease liabilities” on the combined balance sheets. Lease liabilities that become due within one year of the balance sheet date are classified as current liabilities. Financing lease right-of-use assets are amortized on a straight-line basis from the lease commencement date. After initial measurement, the carrying value of financing lease liabilities are increased to reflect interest at a constant rate and reduced to reflect any lease payments made during the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Leases that have a term of 12 months or less at the commencement date (“short-term leases”) are not included in right-of-use assets and operating lease liabilities. Lease expense for the short-term leases is recognized on a straight-line basis over the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span style="text-decoration: underline">Operating leases as Lessor</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For operating leases, the Company recognized rental income over the non-cancellable lease term on a straight-line basis and is included in revenue in the statement of profit and loss due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis on the rental income. The Company did not have any sales-type or direct financing leases for the years ended December 31, 2023, 2024 and 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews the impairment of its right-of-use assets and finance lease right-of-use assets consistent with the approach applied for its other long-lived assets. The Company reviews the recoverability of its long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the asset may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value of the asset from the expected undiscounted future pre-tax cash flows of the related operations. For operating leases, the Company has elected to include the carrying amount of operating lease liabilities in any tested asset Company and include the associated operating lease payments in the undiscounted future pre-tax cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span style="text-decoration: underline">Lessor</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In April 2022, the Company entered into two agreements with a third-party as a lessor to lease certain floors of one of the Company’s buildings located in Qingyuan to the lessee. The Company accounted for these leases in accordance with ASC 842 and assessed them to be operating leases. The lease income is recognized over the leased terms on a straight-line basis and included in other income. The building is included in property, plant and equipment as it is owned by the Company and the Company is actively using other portions of the property.</p> <p id="xdx_84E_ecustom--ValueAddedTaxesAndSurchargesPolicyTextBlock_zeUvhTIfbOGa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(r)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86F_zNMKcLlNpnxb">Value-added taxes and surcharges</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is subject to VAT and related surcharges on revenues generated from providing services. Revenue from providing services and sales of products is generally subject to VAT at applicable tax rates, and subsequently paid to PRC tax authorities after netting input VAT on purchases. The excess of output VAT over input VAT is reflected tax payable. The Company reports revenue net of PRC’s VAT for all the periods presented in the Consolidated Statements of Income and Comprehensive Income. The Company was subject to the PRC’s VAT rate of <span id="xdx_90B_ecustom--VatRate_iI_dp_c20251231_zxCL2Iat0bfb" title="VAT rate"><span id="xdx_90B_ecustom--VatRate_iI_dp_c20241231_z6g2KOIryuzl" title="VAT rate"><span id="xdx_90F_ecustom--VatRate_iI_dp_c20231231_zAPZ8yZ70jJh" title="VAT rate">13</span></span></span>% for selling products and <span id="xdx_909_ecustom--RentalIncome_iI_dp_c20251231_zTtHGByVhIUh" title="Rental income"><span id="xdx_90E_ecustom--RentalIncome_iI_dp_c20241231_zjoReGSmRfS2" title="Rental income"><span id="xdx_90B_ecustom--RentalIncome_iI_dp_c20231231_zfjIQTMF79ff" title="Rental income">9</span></span></span>% for rental income for the years ended December 31, 2023, 2024 and 2025.</p> <p id="xdx_841_ecustom--RelatedPartiesPolicyTextBlock_zjMl6Kx9CvWa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(s)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86F_zL5yhUXPB44">Related parties</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related party also include principal owners of the Company, its managements, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all significant related party transactions.</p> <p id="xdx_84F_eus-gaap--RevenueRecognitionPolicyTextBlock_zAKm3xQrfCKh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(t)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86E_zE7DupifAqy6">Revenue recognition</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: justify"><span style="text-decoration: underline">Product sales</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective with the adoption of Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606),” and the associated ASUs (collectively, “Topic 606”) on January 1, 2020, the Company recognizes revenue when its customer obtains control of promised goods in an amount that reflects the consideration which the Company expects to receive in exchange for those goods. To determine revenue recognition for the arrangements that the Company determines are within the scope of Topic 606, the Company performs the following five steps:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt">(1) identify the contract(s) with a customer,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt">(2) identify the performance obligations in the contract,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt">(3) determine the transaction price,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt">(4) allocate the transaction price to the performance obligations in the contract and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt">(5) recognize revenue when (or as) the entity satisfies a performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"><b><i>Product revenue recognition</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s revenue from contracts with customers is derived from product revenue principally from the sales of metal stamping and mechanical original equipment manufacturer (“OEM”) and electric OEM products directly to other consumer electronics product manufacturers. The Company sells goods to the customer under sales contracts or by purchase orders. The Company has determined there to be one performance obligation for each of the sales contracts. The performance obligations are considered to be fulfilled and revenue is recognized at a point in time when the customer obtains control of the goods. The Company has three major goods delivery channels, including:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 23px"><span style="font-size: 10pt">(1)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Delivering goods to customers’ predetermined location, the Company has satisfied the contracts’ performance obligations when the goods have been delivered and relevant shipping documents have been collected by the Company; </span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td><span style="font-size: 10pt">(2)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Picking up goods by customers in the Company’s warehouse, the Company has satisfied the contracts’ performance obligations when the goods have been picked up and the acceptance document has been signed by the customers; and</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td><span style="font-size: 10pt">(3)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Picking up goods by customers in the Vendor Managed Inventory (“VMI”) warehouse, the Company satisfied the contracts’ performance obligations when the goods have been picked up and the Company confirmed the amounts used by customers with clean reply received. </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For products picked up by customers in the VMI warehouse, the Company is primarily responsible for the contract as it has the supplier discretion when executing orders and it is the only party that has a contractual relationship with customers. The Company establishes and obtains substantially all of the benefits from transactions, i.e. considerations paid by customers. Therefore, the Company concludes that it obtains control the of the products pursuant to ASC 606-10-55-37A(a). The Company considers itself to be the principal in the transactions on the basis that it is primary responsible to fulfill the promise and has the price discretion, pursuant to ASC 606-10-55-39.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transaction price is generally in the form of a fixed price which is agreed with the customer at contract inception. Revenue is recorded net of sales return, surcharges and value-added tax of gross sales. The contract price is fully allocated to the single performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s payment terms are all within 180 days and its sales arrangements do not have any material financing components.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A contract asset is recorded when the Company has transferred products or services to the customer before payment is received or is due, and the Company’s right to consideration is conditional on future performance in the contract. The Company did not recognize any contract asset as of December 31, 2024 and 2025. The timing between the recognition of revenue and receipt of payment is not significant. <span style="letter-spacing: 0.2pt">A contract liability exists when the Company has received consideration but has not transferred the related goods or services to the customer. </span>The Company did not recognize any contract liabilities as of December 31, 2024 and 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"><b><i>Return Rights &amp; Warranty</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Regardless of delivery channels, the Company generally provides warranty period of one year and customers are required to perform product quality check upon acceptance of delivery. The warranty covers only production defects, and offers to replace the defective products with new products during warranty period. Customers do not have the option to purchase the warranty separately, nor the warrant provides a service in addition to assurance. Accordingly, warranty costs are treated as a cost of fulfillment subject to accrual, rather than a performance obligation. As of December 31, 2024 and 2025, the Company accrue refund liability of <span id="xdx_903_eus-gaap--CustomerRefundLiabilityCurrent_iI_c20241231_zKQ8uP7ctAx1" style="display: none" title="Refund liability">0</span> nil and US$<span id="xdx_901_eus-gaap--CustomerRefundLiabilityCurrent_iI_c20251231_zDwvgVvbAcE9" title="Refund liability">182,323</span> related to the return rights for product quality issues on the consolidated balance sheets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"><b><i>Principal vs agent accounting</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company records all product revenue on a gross basis as the Company acts as the principal. To determine whether the Company is an agent or principal in the sales of products, the Company considers the following indicators: the Company is primarily responsible for fulfilling the promise to provide the specified goods or services, is subject to inventory risks before the specified goods have been transferred to a customer or after transfer of control to the customers, and has discretion in establishing the price of the specified goods.</p> <p id="xdx_840_eus-gaap--CostOfSalesPolicyTextBlock_zFTYjj3AacF7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(u)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86D_z9aL0DUJBDb9">Cost of sales</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of sales mainly consists of raw materials, direct and indirect labor and related benefits, and manufacturing overhead that is directly attributable to the production process.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_84A_ecustom--SellingAndMarketingExpensesPolicyTextBlock_zqUoABAvUUo6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(v)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86D_zB9HfqUdOUTe">Selling and marketing expenses</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Selling and marketing expenses primarily consist of (i) sales commission paid to generate sales and expand the market, (ii) freight for selling activities, (iii) business entertainment expenses, and (iv) salaries and benefits for sales and marketing personnel.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Sales commissions are expensed when incurred and are included in selling and marketing expenses. Sales commission expenses were US$<span id="xdx_90F_eus-gaap--AmortizationOfDeferredSalesCommissions_c20230101__20231231_zfb37jT1FnG3" title="Sales commission expenses">1,346,416</span>, US$<span id="xdx_90A_eus-gaap--AmortizationOfDeferredSalesCommissions_c20240101__20241231_zCPZ9IzMHUVi" title="Sales commission expenses">3,552,721</span> and US$<span id="xdx_902_eus-gaap--AmortizationOfDeferredSalesCommissions_c20250101__20251231_zFOQtgTa6mD6" title="Sales commission expenses">5,274,425</span> for the years ended December 31, 2023, 2024 and 2025, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Freight costs are not considered a separate performance obligation within revenue recognition, while freight costs are expensed when incurred and are included in selling and marketing expenses. Freight costs were US$<span id="xdx_909_eus-gaap--OtherSellingAndMarketingExpense_c20230101__20231231_zU29PfxSQWXj" title="Selling and marketing expenses">181,417</span>, US$<span id="xdx_90F_eus-gaap--OtherSellingAndMarketingExpense_c20240101__20241231_zM0oUdMYqDL5" title="Selling and marketing expenses">728,927</span> and US$<span id="xdx_908_eus-gaap--OtherSellingAndMarketingExpense_c20250101__20251231_zoU0gNvdJm77" title="Selling and marketing expenses">962,036</span> for the years ended December 31, 2023, 2024 and 2025, respectively.</p> <p id="xdx_841_eus-gaap--SellingGeneralAndAdministrativeExpensesPolicyTextBlock_zIq7DSNDzORf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(w)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_867_z58dB1FlRkI7">General and administrative expenses</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">General and administrative expenses primarily consist of (i) professional service fees, (ii) salaries and benefits for administrative personnel, (iii) depreciation expenses, and (iv) scrapping of obsolete products.</p> <p id="xdx_849_eus-gaap--ResearchAndDevelopmentExpensePolicy_zPgKhySiA1Y7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(x)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86A_zFldXDWRz2y7">Research and development costs</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Research and development expenses primarily include (i) salaries and benefits for research and development personnel, (ii) depreciation expenses, and (iii) material consumption.</p> <p id="xdx_841_ecustom--GovernmentGrantsPolicy_zDmjXX6Uv6Mk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(y)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_861_zieNfgYko9Z9">Government grants</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Government grants are recognized when received and all the conditions for their receipt have been met.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Government grants are compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the Company with no future related cost are recognized in profit or loss in the period in which they become receivable.</p> <p id="xdx_84C_eus-gaap--EarningsPerSharePolicyTextBlock_zLPiA2bykQcg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(z)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86F_zM6pbJtTNDd3">Earnings per share</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Earnings per share is computed in accordance with ASC 260. Basic earnings per ordinary share is computed by dividing net income attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the period, considering the effect of participating securities. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the computation of earnings per share pursuant to the two-class method. Our unvested restricted stock awards contain non-forfeitable dividend rights and participate equally with common stock with respect to dividends issued or declared. Under the two-class method, net income is allocated between ordinary shares and participating securities based on dividends declared and participating rights in undistributed earnings as if all the earnings for the reporting period had been distributed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Diluted earnings per share is calculated by dividing net income attributable to holders of ordinary shares the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period. Ordinary equivalent shares are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive or in the case of contingently issuable shares that all necessary conditions for issuance have not been satisfied.  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_843_eus-gaap--ComprehensiveIncomePolicyPolicyTextBlock_zILNB8GAuwMc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(aa) <span id="xdx_86A_zez02NdHisrj">Comprehensive income</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Comprehensive income includes net income and foreign currency translation adjustments and is presented net of tax.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company presents the components of net income, the components of other comprehensive income and total comprehensive income in two separate but consecutive statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_843_eus-gaap--IncomeTaxPolicyTextBlock_zKXziRZAJ5M9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ab) <span id="xdx_866_zUrNHaSCjtka">Income taxes</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are determined based on the temporary difference between the financial reporting and tax bases of assets and liabilities, and net operating loss and tax credit carryforwards using enacted tax rates that will be in effect for the period in which the differences are expected to reverse. The Company records a valuation allowance against the amount of deferred tax assets that it determines is not more likely than not of being realized. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits and penalties, if any, within income tax expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There was <span id="xdx_90F_eus-gaap--LiabilityForUncertainTaxPositionsCurrent_iI_do_c20231231_zQFEtn1lfrci" title="Uncertain tax positions"><span id="xdx_908_eus-gaap--LiabilityForUncertainTaxPositionsCurrent_iI_do_c20241231_zxz9oegseNG9" title="Uncertain tax positions"><span id="xdx_904_eus-gaap--LiabilityForUncertainTaxPositionsCurrent_iI_do_c20251231_z5pQ4K8v1wb6" title="Uncertain tax positions">no</span></span></span> uncertain tax positions for the years ended December 31, 2023, 2024 and 2025.</p> <p id="xdx_84E_eus-gaap--SegmentReportingPolicyPolicyTextBlock_znFJzSnabf1d" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ac) <span id="xdx_863_z39i0c4BuVRe">Segment reporting</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">FASB 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information of the Company’s business segments, geographical areas, segments and major customers. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The chief operating decision maker (“CODM”) is the Company’s president and Chief Executive Officer (“CEO”), relies upon the consolidated results of operations as a whole when making decisions about allocating resources and assessing the performance of the Company. As a result of the assessment made by CODM, the Company has only one reportable segment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_840_eus-gaap--CommitmentsAndContingenciesPolicyTextBlock_zWbyh2lVgElj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ad) <span id="xdx_866_zNLqIUbxFT48">Commitments and contingencies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the normal course of business, the Company is subject to commitments and contingencies, including operating and financing lease commitments and legal proceedings. The Company recognizes a liability for such contingency if it determines it is probable that a loss has occurred and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments on liability for contingencies, including historical and the specific facts and circumstances of each matter.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_848_ecustom--NoncontrollingInterestsPolicyTextBlock_zWIJ3dKwLuH" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ae) <span id="xdx_86E_zOBg1bIJxhKj">Non-controlling interest</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Non-controlling interests represent the interest of non-controlling shareholders in the subsidiaries based on their proportionate interests in the equity of that company adjusted for its proportionate share of income or losses from operations. Non-controlling interests have been reported as a component of equity in the consolidated balance sheets and consolidated statements of changes of equity and comprehensive income for all periods presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_84D_ecustom--ReclassificationsPolicyTextBlock_z07oDWWVsOAj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(af) <span id="xdx_868_zUD3Gd7sa3Ea">Share-based Compensation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company applies ASC 718, Compensation—Stock Compensation (“ASC 718”), to account for all of its share-based payments, including awards granted to employees and nonemployees. In accordance with ASC 718, the Company determines whether an award should be classified and accounted for as a liability award or equity award. All the Company’s grants of share-based awards were classified as equity awards and are recognized based on their grant date fair values.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For service-based awards, expense is recognized over the respective service periods. For performance-based awards, expense is recognized only when achievement of the performance targets is considered probable. Share-based compensation expense is included in selling and marketing and general and administrative expenses. Forfeitures of equity awards are recognized as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_84D_eus-gaap--Reclassifications_z3GS695Z8gu2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ag) <span id="xdx_86C_zQ5jQ9OTx2Bc">Reclassifications</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="margin: 0; text-align: justify">Certain prior year amounts have been reclassified to conform to the current presentation. These reclassifications had no impact on net earnings and financial position.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_843_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zTYx9MRJqKZ5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ah) <span id="xdx_861_zDRAKTCoDAW1">Recent accounting pronouncements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In October 2023, the FASB issued ASU 2023-06, “Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.” This ASU incorporates certain U.S. Securities and Exchange Commission (SEC) disclosure requirements into the FASB Accounting Standards Codification. The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to compare entities subject more easily to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC’s regulations. For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. The Company is currently evaluating the impact the adoption of ASU 2023-06 will have on its consolidated financial statements and related disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In December 2023, the FASB issued ASU 2023-09, Income taxes (Topic 740), Improvements to Income Tax Disclosures, which provides guidance on the requirements such as the requirement that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. For public business entities (PBEs), the new requirements will be effective for annual periods beginning after December 15, 2024. For entities other than public business entities (non-PBEs), the requirements will be effective for annual periods beginning after December 15, 2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The ASU should be applied prospectively. Retrospective application is permitted. The Company adopted ASU 2023-09 effective on January 1, 2025, which resulted in changes in income tax related disclosures. Refer to Note 11. <i>Income taxes</i>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In November 2024, the FASB issued ASU 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses which requires detailed disclosures in the notes to financial statements disaggregating specific expense categories and certain other disclosures to provide enhanced transparency into the nature and function of expenses. The FASB further clarified the effective date in January 2025 with the issuance of ASU 2025-01, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The requirements should be applied on a prospective basis while retrospective application is permitted. The Company does not expect to adopt this guidance early and does not expect the adoption of this ASU to have a material impact on its future consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses—Measurement of Credit Losses for Accounts Receivable and Contract Assets. The ASU provides (1) all entities with a practical expedient and (2) entities other than public business entities with an accounting policy election when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. For practical expedient, in developing reasonable and supportable forecasts as part of estimating expected credit losses, all entities may elect a practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset. For accounting policy election, an entity other than a public business entity that elects the practical expedient is permitted to make an accounting policy election to consider collection activity after the balance sheet date when estimating expected credit losses. The ASU will be effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance. The Group is currently evaluating the provisions of this ASU and its impact on measurement of expected credit losses for accounts receivable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not believe other recently issued ASUs by the FASB but not yet effective accounting statements, if adopted, would have a material effect on the Company’s consolidated balance sheets, statements of comprehensive income and statements of cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_84E_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zOPHK5svFrta" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(a)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_865_z5T9mcG0xJYf">Basis of Presentation</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The accompanying consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“US GAAP”).</p> <p id="xdx_847_eus-gaap--ConsolidationPolicyTextBlock_z88pHkb23LXj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(b)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_867_zfba043FWPhb">Principles of consolidation</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0">The consolidated financial statements include the financial statements of the Company and its subsidiaries. All significant intercompany transactions and balances have been eliminated upon consolidation.</p> <p id="xdx_848_eus-gaap--UseOfEstimates_zUOGR2WMKrxc" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(c)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_869_zriOTCuu7iA9">Use of estimates</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05pt">The preparation of the consolidated financial statements in conformity with US GAAP requires management of the Company to make certain estimates and assumptions that affect the reported amounts of assets and liabilities as of the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting period. The Company’s management based on their estimates on historical experience and various other factors believed to be reasonable under the circumstances, the results of which form the basis for making judgements about the carrying value of assets and liabilities that are not readily apparent from other sources.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05pt">Significant accounting estimates reflected in the Company’s consolidated financial statements include, but not limited to revenue recognition, provision for credit losses, inventory write-off and reserve, the useful lives and impairment of long-lived assets and valuation allowance for deferred tax assets. Changes in facts and circumstances may result in revised estimates. Actual results could differ from those estimates.</p> <p id="xdx_84B_eus-gaap--ForeignCurrencyTransactionsAndTranslationsPolicyTextBlock_zBqAnU8iTbp7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 0.05pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(d)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_860_ziHB5ca1ab8i">Foreign currency translations and transactions</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s reporting currency is the United States dollar (“US$”). The functional currency of Zhongjinke, Zhongjinke BVI, Zhongjinke HK, and ZJK Precision HK is US$, the functional currency of its PRC subsidiaries is the Renminbi (“RMB”) and the functional currency of ZJK Precision Vietnam is the Vietnamese Dong (“VND”).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s financial statements are reported using US$. The results of operations and the consolidated statements of cash flows denominated in foreign currencies are translated at the average rate of exchange during the reporting period. Assets and liabilities denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date. The equity denominated in the functional currency is translated at the historical rate of exchange at the time of capital contribution. Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the consolidated statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated other comprehensive loss included in consolidated statements of changes in equity.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Translation of amounts from RMB and VND into US$ has been made at the following exchange rates:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfChangeInAssetRetirementObligationTableTextBlock_zEmtzCNSCiM5" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)"> <tr style="background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span id="xdx_8BC_z7WO6L2UNRt3" style="display: none">Schedule of Translation of amounts</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; text-indent: -10pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>December 31, 2025</b></span></td> <td> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; width: 53%; text-align: center; text-indent: -10pt"> </td> <td style="width: 1%; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Year-end spot rate</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-family: MS Mincho,serif; font-size: 10pt"><b>　</b></span></td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Average rate</b></span></td> <td style="width: 1%"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against RMB</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"><span style="font-family: MS Mincho,serif; font-size: 10pt">　</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_900_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--USD_zMgeZkaFBZxi" title="Foreign currency transactions">US$1=RMB6.9931</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_903_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--USD_zG4gVlKU8qzg" title="Foreign currency transactions">US$1=RMB7.1708</span></span></td> <td> </td></tr> <tr style="background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against VND</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90C_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--VND_zCwQopAXKrej" title="Foreign currency transactions">US$1=VND26300.0000</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_909_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--VND_zc4tKWRnumh3" title="Foreign currency transactions">US$1=VND26021.0833</span></span></td> <td> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>December 31, 2024</b></span></td> <td style="padding-bottom: 1pt"> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; width: 53%; text-align: center; text-indent: -10pt"> </td> <td style="width: 1%; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Year-end spot rate</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-family: MS Mincho,serif; font-size: 10pt"><b>　</b></span></td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Average rate</b></span></td> <td style="width: 1%; padding-bottom: 1pt"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against RMB</span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"><span style="font-family: MS Mincho,serif; font-size: 10pt">　</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90D_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--USD_zBHS3UGQfOG2" title="Foreign currency transactions">US$1=RMB7.2993</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_908_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--USD_zAYNdWf0SsJd" title="Foreign currency transactions">US$1=RMB7.1933</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"> </td></tr> <tr style="background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-size: 10pt">US$ against VND</span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90B_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--VND_zY3aNC3mMT6c" title="Foreign currency transactions">US$1=VND25480.0000</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_900_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--VND_z2vuwodC1ep4" title="Foreign currency transactions">US$1=VND25068.6667</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; text-indent: -10pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>December 31, 2023</b></span></td> <td> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; width: 53%; text-align: center; text-indent: -10pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Year-end spot rate</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-family: MS Mincho,serif; font-size: 10pt"><b>　</b></span></td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Average rate</b></span></td> <td style="width: 1%"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against RMB</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"><span style="font-family: MS Mincho,serif; font-size: 10pt">　</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90C_eus-gaap--ForeignCurrencyTransactionsDescription_c20230101__20231231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--USD_zATMhh5L1g3f" title="Foreign currency transactions">US$1=RMB7.0999</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_900_eus-gaap--ForeignCurrencyTransactionsDescription_c20230101__20231231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--USD_zMcmcorihBZi" title="Foreign currency transactions">US$1=RMB7.0896</span></span></td> <td> </td></tr> </table> <p id="xdx_8A8_zSNeNg6uCzR5" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_893_eus-gaap--ScheduleOfChangeInAssetRetirementObligationTableTextBlock_zEmtzCNSCiM5" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details)"> <tr style="background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span id="xdx_8BC_z7WO6L2UNRt3" style="display: none">Schedule of Translation of amounts</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; text-indent: -10pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>December 31, 2025</b></span></td> <td> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; width: 53%; text-align: center; text-indent: -10pt"> </td> <td style="width: 1%; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Year-end spot rate</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-family: MS Mincho,serif; font-size: 10pt"><b>　</b></span></td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Average rate</b></span></td> <td style="width: 1%"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against RMB</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"><span style="font-family: MS Mincho,serif; font-size: 10pt">　</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_900_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--USD_zMgeZkaFBZxi" title="Foreign currency transactions">US$1=RMB6.9931</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_903_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--USD_zG4gVlKU8qzg" title="Foreign currency transactions">US$1=RMB7.1708</span></span></td> <td> </td></tr> <tr style="background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against VND</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90C_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--VND_zCwQopAXKrej" title="Foreign currency transactions">US$1=VND26300.0000</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_909_eus-gaap--ForeignCurrencyTransactionsDescription_c20250101__20251231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--VND_zc4tKWRnumh3" title="Foreign currency transactions">US$1=VND26021.0833</span></span></td> <td> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td style="padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>December 31, 2024</b></span></td> <td style="padding-bottom: 1pt"> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; width: 53%; text-align: center; text-indent: -10pt"> </td> <td style="width: 1%; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt; text-align: center"> </td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Year-end spot rate</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-family: MS Mincho,serif; font-size: 10pt"><b>　</b></span></td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Average rate</b></span></td> <td style="width: 1%; padding-bottom: 1pt"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against RMB</span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"><span style="font-family: MS Mincho,serif; font-size: 10pt">　</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90D_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--USD_zBHS3UGQfOG2" title="Foreign currency transactions">US$1=RMB7.2993</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_908_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--USD_zAYNdWf0SsJd" title="Foreign currency transactions">US$1=RMB7.1933</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"> </td></tr> <tr style="background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-size: 10pt">US$ against VND</span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90B_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--VND_zY3aNC3mMT6c" title="Foreign currency transactions">US$1=VND25480.0000</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_900_eus-gaap--ForeignCurrencyTransactionsDescription_c20240101__20241231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--VND_z2vuwodC1ep4" title="Foreign currency transactions">US$1=VND25068.6667</span></span></td> <td style="padding-right: 1.4pt; padding-left: 1.4pt"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; text-indent: -10pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td colspan="3" style="border-bottom: black 1pt solid; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>December 31, 2023</b></span></td> <td> </td></tr> <tr> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; vertical-align: bottom; width: 53%; text-align: center; text-indent: -10pt"> </td> <td style="white-space: nowrap; vertical-align: bottom; width: 1%; padding-right: 1.4pt; padding-bottom: 1pt; padding-left: 1.4pt"> </td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Year-end spot rate</b></span></td> <td style="border-bottom: black 1pt solid; width: 1%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-family: MS Mincho,serif; font-size: 10pt"><b>　</b></span></td> <td style="border-bottom: black 1pt solid; width: 22%; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><b>Average rate</b></span></td> <td style="width: 1%"> </td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; white-space: nowrap; text-indent: -10pt"><span style="font-size: 10pt">US$ against RMB</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt"><span style="font-family: MS Mincho,serif; font-size: 10pt">　</span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_90C_eus-gaap--ForeignCurrencyTransactionsDescription_c20230101__20231231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--YearEndTranslationRatesMember__srt--CurrencyAxis__currency--USD_zATMhh5L1g3f" title="Foreign currency transactions">US$1=RMB7.0999</span></span></td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"> </td> <td style="white-space: nowrap; padding-right: 1.4pt; padding-left: 1.4pt; text-align: center"><span style="font-size: 10pt"><span id="xdx_900_eus-gaap--ForeignCurrencyTransactionsDescription_c20230101__20231231__us-gaap--IntercompanyForeignCurrencyBalanceByDescriptionAxis__custom--AverageTranslationRatesMember__srt--CurrencyAxis__currency--USD_zMcmcorihBZi" title="Foreign currency transactions">US$1=RMB7.0896</span></span></td> <td> </td></tr> </table> US$1=RMB6.9931 US$1=RMB7.1708 US$1=VND26300.0000 US$1=VND26021.0833 US$1=RMB7.2993 US$1=RMB7.1933 US$1=VND25480.0000 US$1=VND25068.6667 US$1=RMB7.0999 US$1=RMB7.0896 <p id="xdx_84D_eus-gaap--ConcentrationRiskCreditRisk_zyq7BnV5Jn5" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(e)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_864_zOsGxm5h83Y6">Concentration of credit risk</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financial instruments that potentially expose the Company to the concentration of credit risk consist primarily of cash and cash equivalents, restricted cash, accounts receivable, and other receivables. As of December 31, 2024 and 2025, the Company places its cash and cash equivalents and restricted cash with major financial institutions located in the PRC, which management considers to be of high credit quality. Concentration of credit risks with respect to accounts receivable, and other receivables, to manage credit risk, the Company performs ongoing credit evaluations of customers’ and suppliers’ financial condition. There is no significant credit risk for the years ended December 31, 2023, 2024 and 2025.</p> <p id="xdx_84C_ecustom--ConcentrationOfCustomersAndSuppliersPolicyTextBlock_zs0mXPWxeGyf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(f)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_866_zBZ3YCtH3Us2">Concentration of customers and suppliers</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The customers whose revenues individually represented greater than 10% of the total revenues of the Company for the years ended December 31, 2023, 2024 and 2025 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--SchedulesOfConcentrationOfRiskByRiskFactorTextBlock_ztqFpAIbLLH4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B5_zWKD2tcymvSh" style="display: none">Schedule of Concentration of customers and suppliers</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s total revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Customer A</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--CustomerAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zCbz0FNJcEna" title="Concentration risk percentage">52</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zTQSteeJ9514" title="Concentration risk percentage">44</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zRBvgV7JK0Al" title="Concentration risk percentage">36</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_ziIeXIxACAYi" title="Concentration risk percentage">16</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer D</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerDMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9Bqr40yNie3" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer B</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zsIpr1QSld1e" title="Concentration risk percentage">24</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zwfaGsheTQyj" title="Concentration risk percentage">12</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zOWYGdjvWxf3" title="Concentration risk percentage">10</span></td> <td style="text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* represents percentage less than 10%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify">Accounts receivable due from those customers were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s accounts receivables</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Customer  B</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zqvwfNwDRHwf" title="Concentration risk percentage">28</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zvZYGdBd3RFk" title="Concentration risk percentage">23</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zL5Rl9FbWJZh" title="Concentration risk percentage">18</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9vBn2Qqf843" title="Concentration risk percentage">22</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer D</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerDMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zR6cdJnRPpjj" title="Concentration risk percentage">16</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerDMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zh8W1fjVYomd" title="Concentration risk percentage">19</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer E</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerEMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z0z1rzXrKtYk" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerEMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zYULONMFVLbk" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify">The suppliers whose purchase individually represented greater than 10% of the total cost of revenue of the Company for the years ended December 31, 2023, 2024 and 2025 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s total purchase</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Supplier A</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zrX3dD30tq03" title="Concentration risk percentage">20</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zb5SWqRA8bD1" title="Concentration risk percentage">16</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9cNfk5UXZ91" title="Concentration risk percentage">14</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier B</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">18</td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zdUSpbEHQBjj" title="Concentration risk percentage">14</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--SupplierCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zxnMldwMsQYh" title="Concentration risk percentage">15</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zOIg11q8n3D1" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* represents percentage less than 10%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify">Accounts payable due to those suppliers were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s accounts payables</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Supplier A</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zoIRqnT3ZV03" title="Concentration risk percentage">19</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zvQhxfQSQMb7" title="Concentration risk percentage">13</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier B</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_ziSMYnLGcDDg" title="Concentration risk percentage">15</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zp5PyVCMKNye" title="Concentration risk percentage">11</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* represents percentage less than 10%</p> <p id="xdx_8AD_z7KszJZAKTE9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--SchedulesOfConcentrationOfRiskByRiskFactorTextBlock_ztqFpAIbLLH4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B5_zWKD2tcymvSh" style="display: none">Schedule of Concentration of customers and suppliers</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s total revenue</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Customer A</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--CustomerAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zCbz0FNJcEna" title="Concentration risk percentage">52</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zTQSteeJ9514" title="Concentration risk percentage">44</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zRBvgV7JK0Al" title="Concentration risk percentage">36</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_904_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_ziIeXIxACAYi" title="Concentration risk percentage">16</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer D</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerDMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9Bqr40yNie3" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer B</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zsIpr1QSld1e" title="Concentration risk percentage">24</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zwfaGsheTQyj" title="Concentration risk percentage">12</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--SalesRevenueNetMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zOWYGdjvWxf3" title="Concentration risk percentage">10</span></td> <td style="text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* represents percentage less than 10%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify">Accounts receivable due from those customers were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s accounts receivables</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Customer  B</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_90B_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zqvwfNwDRHwf" title="Concentration risk percentage">28</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zvZYGdBd3RFk" title="Concentration risk percentage">23</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zL5Rl9FbWJZh" title="Concentration risk percentage">18</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_908_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9vBn2Qqf843" title="Concentration risk percentage">22</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer D</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_909_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerDMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zR6cdJnRPpjj" title="Concentration risk percentage">16</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_901_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerDMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zh8W1fjVYomd" title="Concentration risk percentage">19</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Customer E</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90F_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--CustomerEMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z0z1rzXrKtYk" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--CustomerEMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsReceivableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zYULONMFVLbk" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify">The suppliers whose purchase individually represented greater than 10% of the total cost of revenue of the Company for the years ended December 31, 2023, 2024 and 2025 were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s total purchase</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Supplier A</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zrX3dD30tq03" title="Concentration risk percentage">20</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_907_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zb5SWqRA8bD1" title="Concentration risk percentage">16</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_z9cNfk5UXZ91" title="Concentration risk percentage">14</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier B</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">18</td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_900_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zdUSpbEHQBjj" title="Concentration risk percentage">14</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_eus-gaap--ConcentrationRiskPercentage1_dp_c20230101__20231231__srt--MajorCustomersAxis__custom--SupplierCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zxnMldwMsQYh" title="Concentration risk percentage">15</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__custom--TotalPurchasesMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zOIg11q8n3D1" title="Concentration risk percentage">13</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* represents percentage less than 10%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify">Accounts payable due to those suppliers were as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Percentage of the Company’s accounts payables</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Supplier A</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_906_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zoIRqnT3ZV03" title="Concentration risk percentage">19</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_90D_eus-gaap--ConcentrationRiskPercentage1_dp_c20250101__20251231__srt--MajorCustomersAxis__custom--SupplierAMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zvQhxfQSQMb7" title="Concentration risk percentage">13</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier B</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierBMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_ziSMYnLGcDDg" title="Concentration risk percentage">15</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Supplier C</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_eus-gaap--ConcentrationRiskPercentage1_dp_c20240101__20241231__srt--MajorCustomersAxis__custom--SupplierCMember__us-gaap--ConcentrationRiskByBenchmarkAxis__us-gaap--AccountsPayableMember__us-gaap--ConcentrationRiskByTypeAxis__us-gaap--CustomerConcentrationRiskMember_zp5PyVCMKNye" title="Concentration risk percentage">11</span></td> <td style="text-align: left">%</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">*</span></td> <td style="text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 7.1pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* represents percentage less than 10%</p> 0.52 0.44 0.36 0.16 0.13 0.24 0.12 0.10 0.28 0.23 0.18 0.22 0.16 0.19 0.13 0.13 0.20 0.16 0.14 0.14 0.15 0.13 0.19 0.13 0.15 0.11 <p id="xdx_846_eus-gaap--FairValueMeasurementPolicyPolicyTextBlock_znSEuuQj9wWh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(g)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86F_zP8SUuYjthL">Fair value measurement and financial instruments</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company applies a fair value hierarchy that requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. Under this hierarchy, there are three levels of inputs that may be used to measure fair value:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 9px; text-align: justify"> </td> <td style="width: 15px"><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 1 applies to assets or liabilities for which there are quoted prices in active markets for identical assets or liabilities.</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 2 applies to assets or liabilities for which there are inputs other than quoted prices included within Level 1 that are observable for the asset or liability such as quoted prices for similar assets or liabilities in active markets; quoted prices for identical asset or liabilities in markets with insufficient volume or infrequent transactions (less active markets); or model-derived valuations in which significant inputs are observable or can be derived principally from, or corroborated by, observable market data.</span></td></tr> <tr style="vertical-align: top"> <td style="text-align: justify"> </td> <td><span style="font-size: 10pt">●</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Level 3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of the fair value of the assets or liabilities.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Determining which category an asset or liability falls within the hierarchy requires significant judgment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The carrying amounts of financial instruments, which consist of cash and cash equivalents, restricted cash, accounts receivable, net, accounts receivable-due from a related party, other receivables-due from related parties, accounts payable, notes payable, short-term bank borrowings and other liabilities approximate their fair values due to the short-term nature of these instruments.</p> <p id="xdx_847_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zFqTlMCjgmRf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(h)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_866_zNx5USeCrfRg">Cash and cash equivalents</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cash and cash equivalents consist of cash on hand, cash in bank and short term, highly liquid investments which are unrestricted as to withdrawal and use, and which have maturities of three months or less when purchased and are readily convertible to known amount of cash.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_846_eus-gaap--CashAndCashEquivalentsRestrictedCashAndCashEquivalentsPolicy_zzUdtmVQ1j0d" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(i)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86B_z4qxGAO3XDs5">Restricted cash</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Restricted cash are security deposits held in banks for issuance of notes payable for the purchase of materials. Restricted cash is classified as current since all restrictions are within twelve months.</p> <p id="xdx_840_ecustom--ShortTermInvestmentsPolicyTextBlock_zNhH9nc5nkGg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(j)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_866_zf1Xamcxbhj2">Short-term investments</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Short-term investments consist of corporate fixed deposit with maturity of six months and fixed deposits pledged as security deposit for notes payable with term of six months.</p> <p id="xdx_847_eus-gaap--ReceivablesPolicyTextBlock_zO8oxj6KMGVl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(k)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86C_zsJwiUbZBzh2">Accounts receivable, net</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable, net is recognized and carried at original invoiced amount net of provision of credit losses. On January 1, 2023, the Company adopted FASB ASC Topic 326 –” Financial Instruments - Credit losses” (“ASC Topic 326”) which replaces the incurred loss methodology with the current expected credit loss (“CECL”) methodology. The Company adopted ASC Topic 326 using the modified retrospective approach for all in-scope assets. The adoption of ASC Topic 326 on the Company’s consolidated financial statements was immaterial.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has developed a CECL model based on historical experience, the age of the accounts receivable balances, credit quality of its customers, current economic conditions, reasonable and supportable forecasts of future economic conditions, and other factors that may affect its ability to collect from customers. The Company considers historical collection rates, current financial status, macroeconomic factors, and other industry-specific factors when evaluating for current expected credit losses.</p> <p id="xdx_849_eus-gaap--InventoryPolicyTextBlock_z4uf1ezhdfgg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(l)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_867_zxm7sWL3TYAh">Inventories, net</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventories are stated at the lower of cost or realizable value. Cost is principally determined on the weighted average basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company periodically performs an analysis of inventory to determine obsolete or slow-moving inventory and determine if its cost exceeds the estimated market value. Write-off of potentially obsolete or slow-moving inventory are recorded based on management’s analysis of inventory levels.</p> <p id="xdx_845_eus-gaap--PropertyPlantAndEquipmentPolicyTextBlock_zkpaabLXUl8k" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(m)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_864_zp7dfWyLWOA5">Property, plant and equipment, net </span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property, plant and equipment are stated at cost including the cost of improvements. Maintenance and repairs are charged to expense as incurred. Depreciation and amortization are provided on the straight-line method based on the estimated useful lives and residual value of the assets as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfEstimatedUsefulLivesOfPropertyAndEquipmentNetTableTextBlock_z82TgEdliuN" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"><span id="xdx_8B4_zBlcvqQ4uaIk">Schedule of Property, plant and equipment, net</span></td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: center; text-indent: -10pt">Category</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Useful lives</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Estimated residual value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 42%; text-indent: -10pt">Buildings</td><td style="width: 8%"> </td> <td style="width: 25%; text-align: center; padding-left: 5.4pt"><span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_z3udiacWw84k">20</span> years</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 15%; text-align: right"><span id="xdx_905_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zMeAzXTeICI4">5</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Machinery and equipment</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_ziQnItvH9LDa">10</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zhha31qwOLC9">10</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Motor Vehicles</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_z0fgyYooMjzf">5</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zoDAFjR1F3E7">10</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Furniture and fixtures</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zZ1qOK1PEKl1">5</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zAWfNURP6Pzf">5</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Electronic office equipment</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_909_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zo4cjDcAFIB3">3</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zTK2xV3IIDd5">5</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Leasehold improvements</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember__srt--RangeAxis__srt--MinimumMember_ztUwx8A9jrd9">1.5</span> to <span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MaximumMember_zr5J5Hyij2v9">10</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zOuD3A2qvvt8">0</span></td><td style="text-align: left">%</td></tr> </table> <p id="xdx_8A5_z67qTxVXgCGe" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Major improvements are capitalized and depreciated. Construction in progress represents property, plant and equipment under construction or being installed. Costs include original cost, installation, construction and other direct costs. Interest expenses directly related to construction in progress would be capitalized. Construction in progress is transferred to the appropriate fixed asset account and depreciation commences when the asset has been substantially completed and placed in service.</p> <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfEstimatedUsefulLivesOfPropertyAndEquipmentNetTableTextBlock_z82TgEdliuN" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details 2)"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"><span id="xdx_8B4_zBlcvqQ4uaIk">Schedule of Property, plant and equipment, net</span></td><td> </td> <td style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="border-bottom: Black 1pt solid; padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: center; text-indent: -10pt">Category</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Useful lives</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Estimated residual value</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 42%; text-indent: -10pt">Buildings</td><td style="width: 8%"> </td> <td style="width: 25%; text-align: center; padding-left: 5.4pt"><span id="xdx_90A_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_z3udiacWw84k">20</span> years</td><td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 15%; text-align: right"><span id="xdx_905_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_zMeAzXTeICI4">5</span></td><td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Machinery and equipment</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_ziQnItvH9LDa">10</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90C_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zhha31qwOLC9">10</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Motor Vehicles</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_906_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_z0fgyYooMjzf">5</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_909_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zoDAFjR1F3E7">10</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Furniture and fixtures</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_90D_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zZ1qOK1PEKl1">5</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_901_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zAWfNURP6Pzf">5</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Electronic office equipment</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_909_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zo4cjDcAFIB3">3</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90F_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zTK2xV3IIDd5">5</span></td><td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Leasehold improvements</td><td> </td> <td style="text-align: center; padding-left: 5.4pt"><span id="xdx_901_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember__srt--RangeAxis__srt--MinimumMember_ztUwx8A9jrd9">1.5</span> to <span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentUsefulLife_iI_dtY_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember__srt--RangeAxis__srt--MaximumMember_zr5J5Hyij2v9">10</span> years</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><span id="xdx_90D_ecustom--EstimatedResidualValue_dp_c20250101__20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zOuD3A2qvvt8">0</span></td><td style="text-align: left">%</td></tr> </table> P20Y 0.05 P10Y 0.10 P5Y 0.10 P5Y 0.05 P3Y 0.05 P1Y6M P10Y 0 <p id="xdx_84B_ecustom--LongTermInvestmentPolicyTextBlock_zNzlosiUqkgb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(n)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86D_zmtRfx6etUL">Long-term investment</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The investments for which the Company has the ability to exercise significant influence are accounted for under the equity method. Under the equity method, the Company initially records its investment at cost. The difference between the cost of the equity investment and the amount of the underlying equity in the net assets of the equity investee is recognized as equity method goodwill or as an intangible asset as appropriate, which is included in the equity method investment on the combined balance sheets. The Company subsequently adjusts the carrying amount of the investment to recognize the Company’s proportionate share of each equity investee’s net income or loss into consolidated statements of operations and comprehensive income after the date of acquisition.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company assess whether an investment is impaired based on performance and financial position of the investee as well as other evidence of market value at each reporting date. Such assessment includes, but is not limited to, reviewing the investee’s cash position, recent financing, as well as the financial and business performance. The Company recognizes an impairment loss equal to the difference between the carrying value and fair value in the combined statements of operations and comprehensive income if any.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">No impairment of long-term investments was recognized for the years ended December 31, 2023, 2024 and 2025.</p> <p id="xdx_844_eus-gaap--ImpairmentOrDisposalOfLongLivedAssetsPolicyTextBlock_zNZxozNtW1la" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(o)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_868_zS9c3YagnCXi">Impairment of long-lived assets</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Long-lived assets are included in impairment evaluations when events and circumstances exist that indicate the carrying value of these assets may not be recoverable. In accordance with ASC No. 360, “Property, Plant and Equipment” and “Real estate properties for lease”, the Company assesses the recoverability of the carrying value of long-lived assets by first grouping its long-lived assets with other assets and liabilities at the lowest level for which identifiable cash flows largely independent of the cash flows of other assets and liabilities (the asset group) and, secondly, estimating the undiscounted future cash flows that are directly associated with and expected to arise from the use of and eventual disposition of such asset group. The Company estimates the undiscounted cash flows over the remaining useful life of the primary asset within the asset group. If the carrying value of the asset group exceeds the estimated undiscounted cash flows, the Company records an impairment charge to the extent the carrying value of the long-lived asset exceeds its fair value. The Company determines fair value through quoted market prices in active markets or, if quotations of market prices are unavailable, through the performance of internal analysis using a discounted cash flow methodology. The undiscounted and discounted cash flow analyses based on a number of estimates and assumptions, including the expected period over which the asset will be utilized, projected future operating results of the asset group, discount rate and long-term growth rate. No impairment of long-lived assets was recognized for the years ended December 31, 2023, 2024 and 2025.</p> <p id="xdx_840_ecustom--NotesPayablePolicyTextBlock_zsMMveutUsq4" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(p)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_867_z3rBfnFHVCwb">Notes payable</span> </b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Notes payable represented the amount of bank acceptance notes the Company’s suppliers received from the Company for its purchases of raw materials. These notes were issued by financial institutions, typically by banks, that entitle the Company’s suppliers to receive the face value of notes from the bank or financial institution at maturity. Notes payable are interest-free and have a term of within one year from the date of issuance. Notes payable are recognized at cost, net transaction costs.</p> <p id="xdx_848_eus-gaap--LesseeLeasesPolicyTextBlock_z9OZb8uUW5N9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(q)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86F_zeVfVuTCSB0j">Leases</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span style="text-decoration: underline">Lessee</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants. Effective from January 1, 2020, the Company adopted Accounting Standards Update (“ASU”) 2016-02, Lease (FASB ASC Topic 842) using a modified retrospective transition method which allowed the Company not to recast comparative periods presented in its consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At inception of a contract, the Company assesses whether a contract is, or contains, a lease. A contract is or contains a lease if it conveys the right to control the use of an identified asset for a period of time in exchange of a consideration. To assess whether a contract is or contains a lease, the Company assess whether the contract involves the use of an identified asset, whether it has the right to obtain substantially all the economic benefits from the use of the asset and whether it has the right to control the use of the asset.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span style="text-decoration: underline">Financing lease and operating lease as Lessee</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company classifies a lease as a financing lease at lease commencement when the lease meets any one of the criteria:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">a. The lease transfers ownership of the underlying asset to the lessee by the end of the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">b. The lease grants the lessee an option to purchase the underlying asset that the lessee is reasonably certain to exercise.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">c. The lease term is for a major part of the remaining economic life of the underlying asset.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">d. The present value of the sum of the lease payments and any residual value guaranteed by the lessee that is not already reflected in the lease payments equals or exceeds substantially all of the fair value of the underlying asset.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">e. The underlying asset is of such a specialized nature that it is expected to have no alternative use to the Company at the end of the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">When none of the criteria are met, the Company classifies a lease as an operating lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Lease terms are based on the non-cancellable term of the lease and may contain options to extend the lease when it is reasonably certain that the Company will exercise the option. Lease liabilities represent the present value of the lease payments not yet paid, discounted using the incremental borrowing rate for the lease at lease commencement.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company estimates its incremental borrowing rate for its leases at the commencement date to determine the present value of future lease payments when the implicit rate is not readily determinable in the lease. In estimating its incremental borrowing rate, the Company considers its credit rating and publicly available data of borrowing rates for loans of similar amount, currency and term as the lease.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Operating leases are presented as “operating right-of-use assets” and “operating lease liabilities”. Lease liabilities that become due within one year of the balance sheet date are classified as current liabilities. At lease commencement, right-of-use assets represent the right to use underlying assets for their respective lease terms and are recognized at amounts equal to the lease liabilities adjusted for any lease payments made prior to the lease commencement date, less any lease incentives received and any initial direct costs incurred by the Company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">After lease commencement, operating lease liabilities are measured at the present value of the remaining lease payments using the discount rate determined at lease commencement. Right-of-use assets are measured at the amount of the lease liabilities and further adjusted for prepaid or accrued lease payments, the remaining balance of any lease incentives received, unamortized initial direct costs and impairment of the right-of-use assets, if any. Operating lease expense is recognized as a single cost on a straight-line basis over the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Financing leases are presented as “finance lease right-of-use assets” and “finance lease liabilities” on the combined balance sheets. Lease liabilities that become due within one year of the balance sheet date are classified as current liabilities. Financing lease right-of-use assets are amortized on a straight-line basis from the lease commencement date. After initial measurement, the carrying value of financing lease liabilities are increased to reflect interest at a constant rate and reduced to reflect any lease payments made during the period.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Leases that have a term of 12 months or less at the commencement date (“short-term leases”) are not included in right-of-use assets and operating lease liabilities. Lease expense for the short-term leases is recognized on a straight-line basis over the lease term.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span style="text-decoration: underline">Operating leases as Lessor</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For operating leases, the Company recognized rental income over the non-cancellable lease term on a straight-line basis and is included in revenue in the statement of profit and loss due to its operating nature. Initial direct costs incurred in negotiating and arranging an operating lease are added to the carrying amount of the leased asset and recognized over the lease term on the same basis on the rental income. The Company did not have any sales-type or direct financing leases for the years ended December 31, 2023, 2024 and 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company reviews the impairment of its right-of-use assets and finance lease right-of-use assets consistent with the approach applied for its other long-lived assets. The Company reviews the recoverability of its long-lived assets when events or changes in circumstances occur that indicate that the carrying value of the asset may not be recoverable. The assessment of possible impairment is based on its ability to recover the carrying value of the asset from the expected undiscounted future pre-tax cash flows of the related operations. For operating leases, the Company has elected to include the carrying amount of operating lease liabilities in any tested asset Company and include the associated operating lease payments in the undiscounted future pre-tax cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i><span style="text-decoration: underline">Lessor</span></i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In April 2022, the Company entered into two agreements with a third-party as a lessor to lease certain floors of one of the Company’s buildings located in Qingyuan to the lessee. The Company accounted for these leases in accordance with ASC 842 and assessed them to be operating leases. The lease income is recognized over the leased terms on a straight-line basis and included in other income. The building is included in property, plant and equipment as it is owned by the Company and the Company is actively using other portions of the property.</p> <p id="xdx_84E_ecustom--ValueAddedTaxesAndSurchargesPolicyTextBlock_zeUvhTIfbOGa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(r)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86F_zNMKcLlNpnxb">Value-added taxes and surcharges</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is subject to VAT and related surcharges on revenues generated from providing services. Revenue from providing services and sales of products is generally subject to VAT at applicable tax rates, and subsequently paid to PRC tax authorities after netting input VAT on purchases. The excess of output VAT over input VAT is reflected tax payable. The Company reports revenue net of PRC’s VAT for all the periods presented in the Consolidated Statements of Income and Comprehensive Income. The Company was subject to the PRC’s VAT rate of <span id="xdx_90B_ecustom--VatRate_iI_dp_c20251231_zxCL2Iat0bfb" title="VAT rate"><span id="xdx_90B_ecustom--VatRate_iI_dp_c20241231_z6g2KOIryuzl" title="VAT rate"><span id="xdx_90F_ecustom--VatRate_iI_dp_c20231231_zAPZ8yZ70jJh" title="VAT rate">13</span></span></span>% for selling products and <span id="xdx_909_ecustom--RentalIncome_iI_dp_c20251231_zTtHGByVhIUh" title="Rental income"><span id="xdx_90E_ecustom--RentalIncome_iI_dp_c20241231_zjoReGSmRfS2" title="Rental income"><span id="xdx_90B_ecustom--RentalIncome_iI_dp_c20231231_zfjIQTMF79ff" title="Rental income">9</span></span></span>% for rental income for the years ended December 31, 2023, 2024 and 2025.</p> 0.13 0.13 0.13 0.09 0.09 0.09 <p id="xdx_841_ecustom--RelatedPartiesPolicyTextBlock_zjMl6Kx9CvWa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(s)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86F_zL5yhUXPB44">Related parties</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Parties are considered to be related to the Company if the parties, directly or indirectly, through one or more intermediaries, control, are controlled by, or are under common control with the Company. Related party also include principal owners of the Company, its managements, members of the immediate families of principal owners of the Company and its management and other parties with which the Company may deal with if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests. The Company discloses all significant related party transactions.</p> <p id="xdx_84F_eus-gaap--RevenueRecognitionPolicyTextBlock_zAKm3xQrfCKh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(t)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86E_zE7DupifAqy6">Revenue recognition</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: justify"><span style="text-decoration: underline">Product sales</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 5.25pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Effective with the adoption of Accounting Standards Update (“ASU”) 2014-09, “Revenue from Contracts with Customers (Topic 606),” and the associated ASUs (collectively, “Topic 606”) on January 1, 2020, the Company recognizes revenue when its customer obtains control of promised goods in an amount that reflects the consideration which the Company expects to receive in exchange for those goods. To determine revenue recognition for the arrangements that the Company determines are within the scope of Topic 606, the Company performs the following five steps:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt">(1) identify the contract(s) with a customer,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt">(2) identify the performance obligations in the contract,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt">(3) determine the transaction price,</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt">(4) allocate the transaction price to the performance obligations in the contract and</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt">(5) recognize revenue when (or as) the entity satisfies a performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 30pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"><b><i>Product revenue recognition</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s revenue from contracts with customers is derived from product revenue principally from the sales of metal stamping and mechanical original equipment manufacturer (“OEM”) and electric OEM products directly to other consumer electronics product manufacturers. The Company sells goods to the customer under sales contracts or by purchase orders. The Company has determined there to be one performance obligation for each of the sales contracts. The performance obligations are considered to be fulfilled and revenue is recognized at a point in time when the customer obtains control of the goods. The Company has three major goods delivery channels, including:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 23px"><span style="font-size: 10pt">(1)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Delivering goods to customers’ predetermined location, the Company has satisfied the contracts’ performance obligations when the goods have been delivered and relevant shipping documents have been collected by the Company; </span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td><span style="font-size: 10pt">(2)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Picking up goods by customers in the Company’s warehouse, the Company has satisfied the contracts’ performance obligations when the goods have been picked up and the acceptance document has been signed by the customers; and</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td style="text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td><span style="font-size: 10pt">(3)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Picking up goods by customers in the Vendor Managed Inventory (“VMI”) warehouse, the Company satisfied the contracts’ performance obligations when the goods have been picked up and the Company confirmed the amounts used by customers with clean reply received. </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For products picked up by customers in the VMI warehouse, the Company is primarily responsible for the contract as it has the supplier discretion when executing orders and it is the only party that has a contractual relationship with customers. The Company establishes and obtains substantially all of the benefits from transactions, i.e. considerations paid by customers. Therefore, the Company concludes that it obtains control the of the products pursuant to ASC 606-10-55-37A(a). The Company considers itself to be the principal in the transactions on the basis that it is primary responsible to fulfill the promise and has the price discretion, pursuant to ASC 606-10-55-39.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The transaction price is generally in the form of a fixed price which is agreed with the customer at contract inception. Revenue is recorded net of sales return, surcharges and value-added tax of gross sales. The contract price is fully allocated to the single performance obligation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s payment terms are all within 180 days and its sales arrangements do not have any material financing components.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A contract asset is recorded when the Company has transferred products or services to the customer before payment is received or is due, and the Company’s right to consideration is conditional on future performance in the contract. The Company did not recognize any contract asset as of December 31, 2024 and 2025. The timing between the recognition of revenue and receipt of payment is not significant. <span style="letter-spacing: 0.2pt">A contract liability exists when the Company has received consideration but has not transferred the related goods or services to the customer. </span>The Company did not recognize any contract liabilities as of December 31, 2024 and 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"><b><i>Return Rights &amp; Warranty</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Regardless of delivery channels, the Company generally provides warranty period of one year and customers are required to perform product quality check upon acceptance of delivery. The warranty covers only production defects, and offers to replace the defective products with new products during warranty period. Customers do not have the option to purchase the warranty separately, nor the warrant provides a service in addition to assurance. Accordingly, warranty costs are treated as a cost of fulfillment subject to accrual, rather than a performance obligation. As of December 31, 2024 and 2025, the Company accrue refund liability of <span id="xdx_903_eus-gaap--CustomerRefundLiabilityCurrent_iI_c20241231_zKQ8uP7ctAx1" style="display: none" title="Refund liability">0</span> nil and US$<span id="xdx_901_eus-gaap--CustomerRefundLiabilityCurrent_iI_c20251231_zDwvgVvbAcE9" title="Refund liability">182,323</span> related to the return rights for product quality issues on the consolidated balance sheets.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"><b><i>Principal vs agent accounting</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: 7.1pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company records all product revenue on a gross basis as the Company acts as the principal. To determine whether the Company is an agent or principal in the sales of products, the Company considers the following indicators: the Company is primarily responsible for fulfilling the promise to provide the specified goods or services, is subject to inventory risks before the specified goods have been transferred to a customer or after transfer of control to the customers, and has discretion in establishing the price of the specified goods.</p> 0 182323 <p id="xdx_840_eus-gaap--CostOfSalesPolicyTextBlock_zFTYjj3AacF7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(u)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86D_z9aL0DUJBDb9">Cost of sales</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Cost of sales mainly consists of raw materials, direct and indirect labor and related benefits, and manufacturing overhead that is directly attributable to the production process.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_84A_ecustom--SellingAndMarketingExpensesPolicyTextBlock_zqUoABAvUUo6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(v)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86D_zB9HfqUdOUTe">Selling and marketing expenses</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Selling and marketing expenses primarily consist of (i) sales commission paid to generate sales and expand the market, (ii) freight for selling activities, (iii) business entertainment expenses, and (iv) salaries and benefits for sales and marketing personnel.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Sales commissions are expensed when incurred and are included in selling and marketing expenses. Sales commission expenses were US$<span id="xdx_90F_eus-gaap--AmortizationOfDeferredSalesCommissions_c20230101__20231231_zfb37jT1FnG3" title="Sales commission expenses">1,346,416</span>, US$<span id="xdx_90A_eus-gaap--AmortizationOfDeferredSalesCommissions_c20240101__20241231_zCPZ9IzMHUVi" title="Sales commission expenses">3,552,721</span> and US$<span id="xdx_902_eus-gaap--AmortizationOfDeferredSalesCommissions_c20250101__20251231_zFOQtgTa6mD6" title="Sales commission expenses">5,274,425</span> for the years ended December 31, 2023, 2024 and 2025, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Freight costs are not considered a separate performance obligation within revenue recognition, while freight costs are expensed when incurred and are included in selling and marketing expenses. Freight costs were US$<span id="xdx_909_eus-gaap--OtherSellingAndMarketingExpense_c20230101__20231231_zU29PfxSQWXj" title="Selling and marketing expenses">181,417</span>, US$<span id="xdx_90F_eus-gaap--OtherSellingAndMarketingExpense_c20240101__20241231_zM0oUdMYqDL5" title="Selling and marketing expenses">728,927</span> and US$<span id="xdx_908_eus-gaap--OtherSellingAndMarketingExpense_c20250101__20251231_zoU0gNvdJm77" title="Selling and marketing expenses">962,036</span> for the years ended December 31, 2023, 2024 and 2025, respectively.</p> 1346416 3552721 5274425 181417 728927 962036 <p id="xdx_841_eus-gaap--SellingGeneralAndAdministrativeExpensesPolicyTextBlock_zIq7DSNDzORf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(w)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_867_z58dB1FlRkI7">General and administrative expenses</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">General and administrative expenses primarily consist of (i) professional service fees, (ii) salaries and benefits for administrative personnel, (iii) depreciation expenses, and (iv) scrapping of obsolete products.</p> <p id="xdx_849_eus-gaap--ResearchAndDevelopmentExpensePolicy_zPgKhySiA1Y7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(x)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86A_zFldXDWRz2y7">Research and development costs</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Research and development expenses primarily include (i) salaries and benefits for research and development personnel, (ii) depreciation expenses, and (iii) material consumption.</p> <p id="xdx_841_ecustom--GovernmentGrantsPolicy_zDmjXX6Uv6Mk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(y)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_861_zieNfgYko9Z9">Government grants</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Government grants are recognized when received and all the conditions for their receipt have been met.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Government grants are compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the Company with no future related cost are recognized in profit or loss in the period in which they become receivable.</p> <p id="xdx_84C_eus-gaap--EarningsPerSharePolicyTextBlock_zLPiA2bykQcg" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>(z)</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_86F_zM6pbJtTNDd3">Earnings per share</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Earnings per share is computed in accordance with ASC 260. Basic earnings per ordinary share is computed by dividing net income attributable to holders of ordinary shares by the weighted average number of ordinary shares outstanding during the period, considering the effect of participating securities. Unvested stock-based compensation awards that contain non-forfeitable rights to dividends or dividend equivalents are considered participating securities and are included in the computation of earnings per share pursuant to the two-class method. Our unvested restricted stock awards contain non-forfeitable dividend rights and participate equally with common stock with respect to dividends issued or declared. Under the two-class method, net income is allocated between ordinary shares and participating securities based on dividends declared and participating rights in undistributed earnings as if all the earnings for the reporting period had been distributed.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Diluted earnings per share is calculated by dividing net income attributable to holders of ordinary shares the weighted average number of ordinary and dilutive ordinary equivalent shares outstanding during the period. Ordinary equivalent shares are not included in the denominator of the diluted earnings per share calculation when inclusion of such shares would be anti-dilutive or in the case of contingently issuable shares that all necessary conditions for issuance have not been satisfied.  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_843_eus-gaap--ComprehensiveIncomePolicyPolicyTextBlock_zILNB8GAuwMc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(aa) <span id="xdx_86A_zez02NdHisrj">Comprehensive income</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Comprehensive income includes net income and foreign currency translation adjustments and is presented net of tax.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company presents the components of net income, the components of other comprehensive income and total comprehensive income in two separate but consecutive statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_843_eus-gaap--IncomeTaxPolicyTextBlock_zKXziRZAJ5M9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ab) <span id="xdx_866_zUrNHaSCjtka">Income taxes</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Income taxes are accounted for under the asset and liability method. Deferred tax assets and liabilities are determined based on the temporary difference between the financial reporting and tax bases of assets and liabilities, and net operating loss and tax credit carryforwards using enacted tax rates that will be in effect for the period in which the differences are expected to reverse. The Company records a valuation allowance against the amount of deferred tax assets that it determines is not more likely than not of being realized. The effect on deferred taxes of a change in tax rates is recognized in income in the period that includes the enactment date.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company recognizes the effect of income tax positions only if those positions are more likely than not of being sustained. Recognized income tax positions are measured at the largest amount that is greater than 50% likely of being realized. Changes in recognition or measurement are reflected in the period in which the change in judgment occurs. The Company records interest related to unrecognized tax benefits and penalties, if any, within income tax expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There was <span id="xdx_90F_eus-gaap--LiabilityForUncertainTaxPositionsCurrent_iI_do_c20231231_zQFEtn1lfrci" title="Uncertain tax positions"><span id="xdx_908_eus-gaap--LiabilityForUncertainTaxPositionsCurrent_iI_do_c20241231_zxz9oegseNG9" title="Uncertain tax positions"><span id="xdx_904_eus-gaap--LiabilityForUncertainTaxPositionsCurrent_iI_do_c20251231_z5pQ4K8v1wb6" title="Uncertain tax positions">no</span></span></span> uncertain tax positions for the years ended December 31, 2023, 2024 and 2025.</p> 0 0 0 <p id="xdx_84E_eus-gaap--SegmentReportingPolicyPolicyTextBlock_znFJzSnabf1d" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ac) <span id="xdx_863_z39i0c4BuVRe">Segment reporting</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b> </b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">FASB 280, “Segment Reporting”, establishes standards for reporting information about operating segments on a basis consistent with the Company’s internal organizational structure as well as information of the Company’s business segments, geographical areas, segments and major customers. The Company uses the “management approach” in determining reportable operating segments. The management approach considers the internal organization and reporting used by the Company’s chief operating decision maker for making operating decisions and assessing performance as the source for determining the Company’s reportable segments. The chief operating decision maker (“CODM”) is the Company’s president and Chief Executive Officer (“CEO”), relies upon the consolidated results of operations as a whole when making decisions about allocating resources and assessing the performance of the Company. As a result of the assessment made by CODM, the Company has only one reportable segment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_840_eus-gaap--CommitmentsAndContingenciesPolicyTextBlock_zWbyh2lVgElj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ad) <span id="xdx_866_zNLqIUbxFT48">Commitments and contingencies</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In the normal course of business, the Company is subject to commitments and contingencies, including operating and financing lease commitments and legal proceedings. The Company recognizes a liability for such contingency if it determines it is probable that a loss has occurred and a reasonable estimate of the loss can be made. The Company may consider many factors in making these assessments on liability for contingencies, including historical and the specific facts and circumstances of each matter.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_848_ecustom--NoncontrollingInterestsPolicyTextBlock_zWIJ3dKwLuH" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ae) <span id="xdx_86E_zOBg1bIJxhKj">Non-controlling interest</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Non-controlling interests represent the interest of non-controlling shareholders in the subsidiaries based on their proportionate interests in the equity of that company adjusted for its proportionate share of income or losses from operations. Non-controlling interests have been reported as a component of equity in the consolidated balance sheets and consolidated statements of changes of equity and comprehensive income for all periods presented.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_84D_ecustom--ReclassificationsPolicyTextBlock_z07oDWWVsOAj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(af) <span id="xdx_868_zUD3Gd7sa3Ea">Share-based Compensation</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company applies ASC 718, Compensation—Stock Compensation (“ASC 718”), to account for all of its share-based payments, including awards granted to employees and nonemployees. In accordance with ASC 718, the Company determines whether an award should be classified and accounted for as a liability award or equity award. All the Company’s grants of share-based awards were classified as equity awards and are recognized based on their grant date fair values.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For service-based awards, expense is recognized over the respective service periods. For performance-based awards, expense is recognized only when achievement of the performance targets is considered probable. Share-based compensation expense is included in selling and marketing and general and administrative expenses. Forfeitures of equity awards are recognized as incurred.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_84D_eus-gaap--Reclassifications_z3GS695Z8gu2" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ag) <span id="xdx_86C_zQ5jQ9OTx2Bc">Reclassifications</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="margin: 0; text-align: justify">Certain prior year amounts have been reclassified to conform to the current presentation. These reclassifications had no impact on net earnings and financial position.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_843_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zTYx9MRJqKZ5" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b>(ah) <span id="xdx_861_zDRAKTCoDAW1">Recent accounting pronouncements</span></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In October 2023, the FASB issued ASU 2023-06, “Disclosure Improvements: Codification Amendments in Response to the SEC’s Disclosure Update and Simplification Initiative.” This ASU incorporates certain U.S. Securities and Exchange Commission (SEC) disclosure requirements into the FASB Accounting Standards Codification. The amendments in the ASU are expected to clarify or improve disclosure and presentation requirements of a variety of Codification Topics, allow users to compare entities subject more easily to the SEC’s existing disclosures with those entities that were not previously subject to the requirements, and align the requirements in the Codification with the SEC’s regulations. For entities subject to the SEC’s existing disclosure requirements and for entities required to file or furnish financial statements with or to the SEC in preparation for the sale of or for purposes of issuing securities that are not subject to contractual restrictions on transfer, the effective date for each amendment will be the date on which the SEC removes that related disclosure from its rules. For all other entities, the amendments will be effective two years later. However, if by June 30, 2027, the SEC has not removed the related disclosure from its regulations, the amendments will be removed from the Codification and not become effective for any entity. The Company is currently evaluating the impact the adoption of ASU 2023-06 will have on its consolidated financial statements and related disclosures.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In December 2023, the FASB issued ASU 2023-09, Income taxes (Topic 740), Improvements to Income Tax Disclosures, which provides guidance on the requirements such as the requirement that public business entities on an annual basis (1) disclose specific categories in the rate reconciliation and (2) provide additional information for reconciling items that meet a quantitative threshold. For public business entities (PBEs), the new requirements will be effective for annual periods beginning after December 15, 2024. For entities other than public business entities (non-PBEs), the requirements will be effective for annual periods beginning after December 15, 2025. Early adoption is permitted for annual financial statements that have not yet been issued or made available for issuance. The ASU should be applied prospectively. Retrospective application is permitted. The Company adopted ASU 2023-09 effective on January 1, 2025, which resulted in changes in income tax related disclosures. Refer to Note 11. <i>Income taxes</i>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In November 2024, the FASB issued ASU 2024-03, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses which requires detailed disclosures in the notes to financial statements disaggregating specific expense categories and certain other disclosures to provide enhanced transparency into the nature and function of expenses. The FASB further clarified the effective date in January 2025 with the issuance of ASU 2025-01, Income Statement — Reporting Comprehensive Income — Expense Disaggregation Disclosures (Subtopic 220-40): Clarifying the Effective Date. ASU 2024-03 is effective for annual periods beginning after December 15, 2026, and interim periods within annual reporting periods beginning after December 15, 2027, with early adoption permitted. The requirements should be applied on a prospective basis while retrospective application is permitted. The Company does not expect to adopt this guidance early and does not expect the adoption of this ASU to have a material impact on its future consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In July 2025, the FASB issued ASU 2025-05, Financial Instruments—Credit Losses—Measurement of Credit Losses for Accounts Receivable and Contract Assets. The ASU provides (1) all entities with a practical expedient and (2) entities other than public business entities with an accounting policy election when estimating expected credit losses for current accounts receivable and current contract assets arising from transactions accounted for under Topic 606. For practical expedient, in developing reasonable and supportable forecasts as part of estimating expected credit losses, all entities may elect a practical expedient that assumes that current conditions as of the balance sheet date do not change for the remaining life of the asset. For accounting policy election, an entity other than a public business entity that elects the practical expedient is permitted to make an accounting policy election to consider collection activity after the balance sheet date when estimating expected credit losses. The ASU will be effective for annual reporting periods beginning after December 15, 2025, and interim reporting periods within those annual reporting periods. Early adoption is permitted in both interim and annual reporting periods in which financial statements have not yet been issued or made available for issuance. The Group is currently evaluating the provisions of this ASU and its impact on measurement of expected credit losses for accounts receivable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company does not believe other recently issued ASUs by the FASB but not yet effective accounting statements, if adopted, would have a material effect on the Company’s consolidated balance sheets, statements of comprehensive income and statements of cash flows.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p id="xdx_80C_eus-gaap--AccountsAndNontradeReceivableTextBlock_zUKfT2AdWtD1" style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b> </b></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>3.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_826_zujAGwfK3aRk">ACCOUNTS RECEIVABLE, NET</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Accounts receivable, net consists of following balance:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_zSZCSH0HSTPk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTS RECEIVABLE, NET (Details)"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"><span id="xdx_8BC_z7fi6awIVXfi" style="display: none">Schedule of Accounts receivable, net</span></td> <td style="font-weight: bold"> </td> <td colspan="3" id="xdx_498_20241231_zCYrnznHdbd6" style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="3" id="xdx_492_20251231_zVQbrKysjc5b" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40D_eus-gaap--AccountsReceivableGross_iI_zbc3RWP0uYD" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Accounts receivables</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">10,301,288</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">16,111,717</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_zUseVnXY4KLd" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt">Less: provision for credit loss</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">18,431</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">137,041</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--AccountsReceivableNet_iI_zrfGJaBDeZy5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total accounts receivable, net</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">10,282,857</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">15,974,676</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AC_zlqmeuuh94Wh" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2024 and 2025, there were no accounts receivable pledged.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Details of the movements of provision for credit losses are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--AccountsReceivableAllowanceForCreditLossTableTextBlock_zIZ1Td7EJai2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTS RECEIVABLE, NET (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> <span id="xdx_8B3_zwVkACwSIyL9" style="display: none">Schedule of provision for credit losses</span> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; font-weight: bold; text-align: left; text-indent: -10pt">Balance at the beginning of the year</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_989_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_c20240101__20241231_zvKzWwofCWr6" style="width: 12%; text-align: right" title="Balance at the beginning of the year">13,273</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98B_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_c20250101__20251231_ziZzr4IxIcnh" style="width: 12%; text-align: right" title="Balance at the beginning of the year">18,431</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Provision for the year</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--AllowanceForDoubtfulAccountsReceivableProvision_c20240101__20241231_zWc1Bw85D69h" style="text-align: right" title="Provision for the year">5,602</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--AllowanceForDoubtfulAccountsReceivableProvision_c20250101__20251231_zkCBglcBBnz6" style="text-align: right" title="Provision for the year">116,036</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Write-off of credit loss</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_iN_di_c20240101__20241231_z8bLXTue9REb" style="text-align: right" title="Credit loss reversal"><span style="-sec-ix-hidden: xdx2ixbrl1195">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_iN_di_c20250101__20251231_zeB0TGy9I38a" style="text-align: right" title="Credit loss reversal">(1,152</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign currency translation adjustment</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98E_ecustom--ForeignCurrencyTranslationAdjustment_c20240101__20241231_z93NkhBPqQnf" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation adjustment">(444</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_ecustom--ForeignCurrencyTranslationAdjustment_c20250101__20251231_zPO67vMg9e17" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation adjustment">3,726</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Balance at the end of the year</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_988_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_c20240101__20241231_zJJ5DZ5cYwDk" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Balance at the beginning of the year">18,431</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_986_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_c20250101__20251231_zjhzSTAVn1Q2" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Balance at the beginning of the year">137,041</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A5_zMtS1QpHgaId" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--ScheduleOfAccountsNotesLoansAndFinancingReceivableTextBlock_zSZCSH0HSTPk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTS RECEIVABLE, NET (Details)"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"><span id="xdx_8BC_z7fi6awIVXfi" style="display: none">Schedule of Accounts receivable, net</span></td> <td style="font-weight: bold"> </td> <td colspan="3" id="xdx_498_20241231_zCYrnznHdbd6" style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="3" id="xdx_492_20251231_zVQbrKysjc5b" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40D_eus-gaap--AccountsReceivableGross_iI_zbc3RWP0uYD" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Accounts receivables</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">10,301,288</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">16,111,717</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iI_zUseVnXY4KLd" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt">Less: provision for credit loss</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">18,431</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">137,041</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--AccountsReceivableNet_iI_zrfGJaBDeZy5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total accounts receivable, net</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">10,282,857</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">15,974,676</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 10301288 16111717 18431 137041 10282857 15974676 <table cellpadding="0" cellspacing="0" id="xdx_899_eus-gaap--AccountsReceivableAllowanceForCreditLossTableTextBlock_zIZ1Td7EJai2" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCOUNTS RECEIVABLE, NET (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> <span id="xdx_8B3_zwVkACwSIyL9" style="display: none">Schedule of provision for credit losses</span> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; font-weight: bold; text-align: left; text-indent: -10pt">Balance at the beginning of the year</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_989_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_c20240101__20241231_zvKzWwofCWr6" style="width: 12%; text-align: right" title="Balance at the beginning of the year">13,273</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98B_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iS_c20250101__20251231_ziZzr4IxIcnh" style="width: 12%; text-align: right" title="Balance at the beginning of the year">18,431</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Provision for the year</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--AllowanceForDoubtfulAccountsReceivableProvision_c20240101__20241231_zWc1Bw85D69h" style="text-align: right" title="Provision for the year">5,602</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--AllowanceForDoubtfulAccountsReceivableProvision_c20250101__20251231_zkCBglcBBnz6" style="text-align: right" title="Provision for the year">116,036</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Write-off of credit loss</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_iN_di_c20240101__20241231_z8bLXTue9REb" style="text-align: right" title="Credit loss reversal"><span style="-sec-ix-hidden: xdx2ixbrl1195">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--AllowanceForDoubtfulAccountsReceivableRecoveries_iN_di_c20250101__20251231_zeB0TGy9I38a" style="text-align: right" title="Credit loss reversal">(1,152</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign currency translation adjustment</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98E_ecustom--ForeignCurrencyTranslationAdjustment_c20240101__20241231_z93NkhBPqQnf" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation adjustment">(444</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_ecustom--ForeignCurrencyTranslationAdjustment_c20250101__20251231_zPO67vMg9e17" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation adjustment">3,726</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Balance at the end of the year</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_988_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_c20240101__20241231_zJJ5DZ5cYwDk" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Balance at the beginning of the year">18,431</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_986_eus-gaap--AllowanceForDoubtfulAccountsReceivable_iE_c20250101__20251231_zjhzSTAVn1Q2" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Balance at the beginning of the year">137,041</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 13273 18431 5602 116036 1152 -444 3726 18431 137041 <p id="xdx_804_ecustom--PrepaidExpensesOtherCurrentAssetsNetTextBlock_z6joHJVLVeH5" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>4.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_820_zRtG6B1VeUwe">PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 32.35pt; text-align: justify; text-indent: -32.35pt"></p> <table cellpadding="0" cellspacing="0" id="xdx_88B_eus-gaap--DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_zsBeOWTPRu18" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span id="xdx_8B4_zcAiWqUwUloc" style="display: none">Schedule of prepaid expenses and other current assets, net</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_495_20241231_zGdbUw69uaL5" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49A_20251231_zVLIxswTVF96" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40C_ecustom--DeductibleValueaddedTax_iI_zXxmTRc5bS18" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Deductible value-added tax</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">573,740</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">592,303</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--RetainageDeposit_iI_zuTB0ON8EqLa" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Advance to suppliers</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">57,822</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">181,890</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--PrepaidExpenseCurrent_iI_z47EqbYGyRyc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Prepaid expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">104,758</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">113,091</td> <td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Deposits_iI_zcBqDuL5zj52" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Deposits</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">92,549</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">24,044</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--AdvanceToStaff_iI_zsWz39UaxNxf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Advance to staff</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">43,884</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">52,866</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--PrepaidExpenseCurrentAndNoncurrent_iI_zQK91E35zKK1" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total prepaid expenses and other current assets, gross</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right">872,753</td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right">964,194</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--ProvisionForCreditLoss_iI_zXcgKIDbjMQe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: provision for credit loss</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1229">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1230">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--PrepaidExpenseAndOtherAssets_iI_zA2dw6xzv7ca" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total prepaid expenses and other current assets, net</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">872,753</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">964,194</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <table cellpadding="0" cellspacing="0" id="xdx_88B_eus-gaap--DeferredCostsCapitalizedPrepaidAndOtherAssetsDisclosureTextBlock_zsBeOWTPRu18" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PREPAID EXPENSES AND OTHER CURRENT ASSETS, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span id="xdx_8B4_zcAiWqUwUloc" style="display: none">Schedule of prepaid expenses and other current assets, net</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_495_20241231_zGdbUw69uaL5" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49A_20251231_zVLIxswTVF96" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40C_ecustom--DeductibleValueaddedTax_iI_zXxmTRc5bS18" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Deductible value-added tax</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">573,740</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">592,303</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--RetainageDeposit_iI_zuTB0ON8EqLa" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Advance to suppliers</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">57,822</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">181,890</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--PrepaidExpenseCurrent_iI_z47EqbYGyRyc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Prepaid expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">104,758</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">113,091</td> <td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Deposits_iI_zcBqDuL5zj52" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Deposits</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">92,549</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">24,044</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--AdvanceToStaff_iI_zsWz39UaxNxf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Advance to staff</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">43,884</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">52,866</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--PrepaidExpenseCurrentAndNoncurrent_iI_zQK91E35zKK1" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total prepaid expenses and other current assets, gross</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right">872,753</td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right">964,194</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--ProvisionForCreditLoss_iI_zXcgKIDbjMQe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: provision for credit loss</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1229">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1230">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--PrepaidExpenseAndOtherAssets_iI_zA2dw6xzv7ca" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total prepaid expenses and other current assets, net</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">872,753</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">964,194</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 573740 592303 57822 181890 104758 113091 92549 24044 43884 52866 872753 964194 872753 964194 <p id="xdx_807_eus-gaap--InvestmentsAndOtherNoncurrentAssetsTextBlock_zjcmeTQEHPZ8" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>5.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_82E_zC5ls7tjWiZb">OTHER NON-CURRENT ASSETS</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Other non-current assets consist of prepayments for property and equipment and rental deposits with a balance of US$<span id="xdx_908_eus-gaap--OtherAssetsNoncurrent_iI_c20251231_zzYqCbuceiwj" title="Other non-current asset">347,569</span> as of December 31, 2025. In November 2024, the Company entered into a manufacturing equipment purchase agreement in a total amount of US$<span id="xdx_906_eus-gaap--OtherAssetsNoncurrent_iI_c20241130__us-gaap--RelatedPartyTransactionAxis__custom--ThirdPartyMember_z7wOGGskUim1" title="Other non-current asset">2,000,000</span> with a third party and prepaid an amount of US$1,000,020   . The Company recorded impairment loss of nil and US$<span id="xdx_906_ecustom--ImpairmentLoss_c20250101__20251231_zjoDApqXcMO2" title="Impairment loss"><span id="xdx_903_ecustom--ImpairmentLoss_c20240101__20241231_zioFEUVLslk2" title="Impairment loss">1,000,020</span></span>   for the years ended December 31, 2024 and 2025, respectively, as the Company concluded the likelihood of the balance being recovered is remote. The impairment loss on prepayments is recognized within general and administrative expenses in the consolidated statements of income and comprehensive income. The remaining balance as of December 31, 2025 relates to prepayments to nine equipment suppliers and venue rental deposits. Delivery of the equipment is expected in December 2026.  </p> 347569 2000000 1000020 1000020 <p id="xdx_80F_ecustom--LongTermInvestmentTextBlock_zwg8J3YhgNDj" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>6.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_820_zFmx12tuqed">LONG-TERM INVESTMENT</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Long-term investment consists of the equity investment in PSM-ZJK by the Company accounted for using the equity method. The following table sets forth the changes in the Company’s long-term investment:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--InvestmentCompanyChangesInNetAssetsTableTextBlock_zrof8j3GrWE4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LONG-TERM INVESTMENT (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BB_z0gkkSsIdI9b" style="display: none">Schedule of changes in long-term investment</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Investments accounted for using the equity method</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 70%; font-weight: bold; text-indent: -10pt">Balance as of December 31, 2023</td> <td style="width: 10%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td id="xdx_985_eus-gaap--LongTermInvestments_iS_c20240101__20241231_z9OCqlH0Pbsb" style="width: 18%; font-weight: bold; text-align: right" title="Long-term investment, beginning">2,517,538</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Income from equity method investments</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--IncomeLossFromEquityMethodInvestments_c20240101__20241231_zykWDTb6R4t9" style="text-align: right" title="Income from equity method investments">2,622,348</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dividends distribution</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_eus-gaap--InvestmentCompanyDividendDistribution_iN_di_c20240101__20241231_zULi7AmO2P5i" style="text-align: right" title="Dividends distribution">(2,319,218</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign currency translation adjustment</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_ecustom--ForeignCurrencyTranslation_c20240101__20241231_z6rFYnWP017b" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation">(73,175</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Balance as of December 31, 2024</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_98F_eus-gaap--LongTermInvestments_iS_c20250101__20251231_ziRWkLwwz8Ue" style="font-weight: bold; text-align: right" title="Long-term investment, beginning">2,747,493</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Income from equity method investments</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_eus-gaap--IncomeLossFromEquityMethodInvestments_c20250101__20251231_zmTe8znYR7zj" style="text-align: right" title="Income from equity method investments">3,409,385</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dividends distribution</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--InvestmentCompanyDividendDistribution_iN_di_c20250101__20251231_zktsSQnuTTTc" style="text-align: right" title="Dividends distribution">(2,591,873</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign currency translation adjustment</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98D_ecustom--ForeignCurrencyTranslation_c20250101__20251231_zyO4vkp9Ezmb" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation">141,075</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Balance as of December 31, 2025</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_988_eus-gaap--LongTermInvestments_iE_c20250101__20251231_z7wXcZdiKtU" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Long-term investment, ending">3,706,080</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AC_z5xrKEQ2Yc0j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">PSM-ZJK is principally engaged in trading a broad portfolio of hardware, which was originally established by BULTEN Fasteners (Wuxi) Co., Ltd. (“BULTEN Wuxi”) and Zhongjinke Shenzhen, on September 20, 2019 as a joint venture (“JV”), for the purpose of strategic cooperation between BULTEN Wuxi and Zhongjinke Shenzhen to expand business scope.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">PSM-ZJK’s originally registered capital are RMB<span id="xdx_902_eus-gaap--Capital_iI_uRMB_c20211231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_zMJwi81QXFLa" title="Capital">1,000,000</span> (equivalent to US$<span id="xdx_90A_eus-gaap--Capital_iI_uUSD_c20211231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_zJpsn2Q6VL6e" title="Capital">144,986</span>) and up to RMB<span id="xdx_901_eus-gaap--Capital_iI_uRMB_c20211231__us-gaap--BusinessAcquisitionAxis__custom--BULTENWuxiMember_zYOy9oOctxWk" title="Capital">5,050,000</span> (equivalent to US$<span id="xdx_908_eus-gaap--Capital_iI_uUSD_c20211231__us-gaap--BusinessAcquisitionAxis__custom--BULTENWuxiMember_zrlvSNuKMtFk" title="Capital">764,225</span>) as of December 31, 2021, 51% of which was subscribed by BULTEN Wuxi and 49% of which was subscribed by Zhongjinke Shenzhen, separately.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On September 22, 2025, Mr. TAN EL PAN EDDY resigned from the board of PSM-ZJK and a new director, Mr. RICHARDS JR MICHAEL ALLEN joined the board of PSM-ZJK. Together with the existing directors, Mr. Ding and Ms. Chen, there were three directors on the board, of which, two are nominated by BULTEN Wuxi, one is nominated by Zhongjinke Shenzhen.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 28, 2022, PSM-ZJK received machinery equipment with total original investment cost of RMB<span id="xdx_905_eus-gaap--InvestmentOwnedAtCost_iI_uRMB_c20220428__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zLFf2tUALnee" title="Investment cost">2,474,500</span> (equivalent to US$<span id="xdx_909_eus-gaap--InvestmentOwnedAtCost_iI_uUSD_c20220428__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zhO58m8Y1ln5" title="Investment cost">366,495</span>) from Zhongjinke Shenzhen for the 49% equity shares, and the cost of the acquired assets was measured based on the fair value of the consideration transferred which has been evaluated by the third-party appraisal team.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In view of above, the Company accounted for the investment under the equity method as Zhongjinke Shenzhen is able to exercise significant influence through its board representation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">During the years ended December 31, 2023, 2024 and 2025, the Company recorded no impairment on its investment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended December 31, 2025, PSM-ZJK was a significant 50 percent or less owned person pursuant to Rule 4-08(g) of Regulation S-X. The condensed balance sheets as of December 31, 2024 and 2025, and condensed statements of income and comprehensive income for the years ended December 31, 2023, 2024 and 2025 of PSM-ZJK are as following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Condensed balance sheets</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <table cellpadding="0" cellspacing="0" id="xdx_89E_esrt--ScheduleOfCondensedBalanceSheetTableTextBlock_zslZyRMk95Y6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LONG-TERM INVESTMENT (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B0_z5hB4bOBn2l4" style="display: none">Schedule of Condensed balance sheets</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20241231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_zHIXe4mIQka2" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20251231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_zaUBsowN94Qa" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_405_eus-gaap--AssetsCurrent_iI_zURvlvETgry1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Current assets</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">18,044,139</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">23,116,253</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AssetsNoncurrent_iI_zRsQr1UytDd5" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non-current assets</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">432,689</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">299,884</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--Assets_iI_zphnAYnZ4Ui3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">TOTAL ASSETS</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">18,476,828</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">23,416,137</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LiabilitiesCurrent_iI_zN2RA6k753i7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Current liabilities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">11,898,131</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">14,950,348</td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LiabilitiesNoncurrent_iI_zUQCagjvjXn4" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non-current liabilities</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">94,497</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">33,685</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Liabilities_iI_zHDNsaf8qcjj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">TOTAL LIABILITIES</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">11,992,628</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">14,984,033</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--StockholdersEquity_iI_zamvsietJ0Ch" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Shareholders’ equity</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">6,484,200</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">8,432,104</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LiabilitiesAndStockholdersEquity_iI_z9tilKpulJa8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">18,476,828</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">23,416,137</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A1_zz7uzHH80sSa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Condensed statements of income and comprehensive income</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_892_esrt--CondensedStatementOfComprehensiveIncomeTableTextBlock_zGDVKOKjdfhg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LONG-TERM INVESTMENT (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> <span id="xdx_8BD_zFJHzFkP8lW8" style="display: none">Schedule of Condensed statements of income and comprehensive income</span> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49A_20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_z5jk85T5B5a" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_496_20240101__20241231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_z9SqS49c2Mnc" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_zw0WwTkx2XZd" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40C_eus-gaap--Revenues_zBpHNZLKaw77" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-indent: -10pt">Revenues</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">23,274,566</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">27,436,334</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">36,405,486</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--GrossProfit_z7RK8vEe8E08" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Gross profit</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">7,096,898</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">7,511,372</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">10,722,532</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingIncomeLoss_zB2riJ1GQB92" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Income from operations</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6,277,084</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">7,106,210</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">9,215,431</td> <td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--NetIncomeLoss_zUeoOb5PFUuk" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net income</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">4,766,325</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">5,374,454</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6,957,928</td> <td style="text-align: left"> </td></tr> </table> <p id="xdx_8A8_zAoGQMADYhsk" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89A_eus-gaap--InvestmentCompanyChangesInNetAssetsTableTextBlock_zrof8j3GrWE4" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LONG-TERM INVESTMENT (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BB_z0gkkSsIdI9b" style="display: none">Schedule of changes in long-term investment</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Investments accounted for using the equity method</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 70%; font-weight: bold; text-indent: -10pt">Balance as of December 31, 2023</td> <td style="width: 10%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td id="xdx_985_eus-gaap--LongTermInvestments_iS_c20240101__20241231_z9OCqlH0Pbsb" style="width: 18%; font-weight: bold; text-align: right" title="Long-term investment, beginning">2,517,538</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Income from equity method investments</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--IncomeLossFromEquityMethodInvestments_c20240101__20241231_zykWDTb6R4t9" style="text-align: right" title="Income from equity method investments">2,622,348</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dividends distribution</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_eus-gaap--InvestmentCompanyDividendDistribution_iN_di_c20240101__20241231_zULi7AmO2P5i" style="text-align: right" title="Dividends distribution">(2,319,218</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign currency translation adjustment</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_ecustom--ForeignCurrencyTranslation_c20240101__20241231_z6rFYnWP017b" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation">(73,175</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Balance as of December 31, 2024</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_98F_eus-gaap--LongTermInvestments_iS_c20250101__20251231_ziRWkLwwz8Ue" style="font-weight: bold; text-align: right" title="Long-term investment, beginning">2,747,493</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Income from equity method investments</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_eus-gaap--IncomeLossFromEquityMethodInvestments_c20250101__20251231_zmTe8znYR7zj" style="text-align: right" title="Income from equity method investments">3,409,385</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dividends distribution</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--InvestmentCompanyDividendDistribution_iN_di_c20250101__20251231_zktsSQnuTTTc" style="text-align: right" title="Dividends distribution">(2,591,873</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign currency translation adjustment</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98D_ecustom--ForeignCurrencyTranslation_c20250101__20251231_zyO4vkp9Ezmb" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation">141,075</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Balance as of December 31, 2025</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_988_eus-gaap--LongTermInvestments_iE_c20250101__20251231_z7wXcZdiKtU" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Long-term investment, ending">3,706,080</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 2517538 2622348 2319218 -73175 2747493 3409385 2591873 141075 3706080 1000000 144986 5050000 764225 2474500 366495 <table cellpadding="0" cellspacing="0" id="xdx_89E_esrt--ScheduleOfCondensedBalanceSheetTableTextBlock_zslZyRMk95Y6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LONG-TERM INVESTMENT (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B0_z5hB4bOBn2l4" style="display: none">Schedule of Condensed balance sheets</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20241231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_zHIXe4mIQka2" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20251231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_zaUBsowN94Qa" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_405_eus-gaap--AssetsCurrent_iI_zURvlvETgry1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Current assets</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">18,044,139</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">23,116,253</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--AssetsNoncurrent_iI_zRsQr1UytDd5" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non-current assets</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">432,689</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">299,884</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--Assets_iI_zphnAYnZ4Ui3" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">TOTAL ASSETS</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">18,476,828</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">23,416,137</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--LiabilitiesCurrent_iI_zN2RA6k753i7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Current liabilities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">11,898,131</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">14,950,348</td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--LiabilitiesNoncurrent_iI_zUQCagjvjXn4" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Non-current liabilities</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">94,497</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">33,685</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--Liabilities_iI_zHDNsaf8qcjj" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">TOTAL LIABILITIES</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">11,992,628</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">14,984,033</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--StockholdersEquity_iI_zamvsietJ0Ch" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Shareholders’ equity</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">6,484,200</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">8,432,104</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LiabilitiesAndStockholdersEquity_iI_z9tilKpulJa8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">18,476,828</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">23,416,137</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 18044139 23116253 432689 299884 18476828 23416137 11898131 14950348 94497 33685 11992628 14984033 6484200 8432104 18476828 23416137 <table cellpadding="0" cellspacing="0" id="xdx_892_esrt--CondensedStatementOfComprehensiveIncomeTableTextBlock_zGDVKOKjdfhg" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LONG-TERM INVESTMENT (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> <span id="xdx_8BD_zFJHzFkP8lW8" style="display: none">Schedule of Condensed statements of income and comprehensive income</span> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49A_20230101__20231231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_z5jk85T5B5a" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_496_20240101__20241231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_z9SqS49c2Mnc" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20250101__20251231__us-gaap--BusinessAcquisitionAxis__custom--PSMZJKMember_zw0WwTkx2XZd" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40C_eus-gaap--Revenues_zBpHNZLKaw77" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-indent: -10pt">Revenues</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">23,274,566</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">27,436,334</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">36,405,486</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--GrossProfit_z7RK8vEe8E08" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Gross profit</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">7,096,898</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">7,511,372</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">10,722,532</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--OperatingIncomeLoss_zB2riJ1GQB92" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Income from operations</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6,277,084</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">7,106,210</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">9,215,431</td> <td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--NetIncomeLoss_zUeoOb5PFUuk" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net income</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">4,766,325</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">5,374,454</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">6,957,928</td> <td style="text-align: left"> </td></tr> </table> 23274566 27436334 36405486 7096898 7511372 10722532 6277084 7106210 9215431 4766325 5374454 6957928 <p id="xdx_80D_eus-gaap--InventoryDisclosureTextBlock_zpa4TvHdRpDf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>7.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_82E_zSGCanfpQDaa">INVENTORIES, NET</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Inventory balance consists of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_886_eus-gaap--ScheduleOfInventoryCurrentTableTextBlock_zX2ARjoqABNi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INVENTORIES, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BF_zaicnxhdOs8" style="display: none">Schedule of Inventory</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_497_20241231_zoi7WP0aAwHb" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_495_20251231_z2sLn3j85rFk" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_409_eus-gaap--InventoryFinishedGoods_iI_zi5Lmy8t3456" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Finished goods</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">5,356,439</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">10,183,112</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--InventoryWorkInProcess_iI_zdeXpiNpRzEe" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Work in progress</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,906,771</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,867,852</td> <td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--InventoryRawMaterials_iI_zhB6KxIoXlE6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Raw materials</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">314,479</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">911,512</td> <td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--InventoryValuationReserves_iNI_di_zlJCFpXeokqa" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: Inventory provision</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,261,660</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,819,160</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--InventoryNet_iI_zmdtVapBsTzc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,316,029</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,143,316</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_886_eus-gaap--ScheduleOfInventoryCurrentTableTextBlock_zX2ARjoqABNi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INVENTORIES, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BF_zaicnxhdOs8" style="display: none">Schedule of Inventory</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_497_20241231_zoi7WP0aAwHb" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_495_20251231_z2sLn3j85rFk" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_409_eus-gaap--InventoryFinishedGoods_iI_zi5Lmy8t3456" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Finished goods</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">5,356,439</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">10,183,112</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--InventoryWorkInProcess_iI_zdeXpiNpRzEe" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Work in progress</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,906,771</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,867,852</td> <td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--InventoryRawMaterials_iI_zhB6KxIoXlE6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Raw materials</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">314,479</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">911,512</td> <td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--InventoryValuationReserves_iNI_di_zlJCFpXeokqa" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: Inventory provision</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,261,660</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,819,160</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--InventoryNet_iI_zmdtVapBsTzc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,316,029</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">12,143,316</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 5356439 10183112 2906771 2867852 314479 911512 1261660 1819160 7316029 12143316 <p id="xdx_80C_eus-gaap--PropertyPlantAndEquipmentDisclosureTextBlock_znLycJQslJg6" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>8.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_823_zxRgUAfKqiKb">PROPERTY, PLANT AND EQUIPMENT, NET</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Property, plant and equipment, net consists of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--PropertyPlantAndEquipmentTextBlock_z6xfghaM19Id" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PROPERTY, PLANT AND EQUIPMENT, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> <span id="xdx_8BB_zpOocl16tK05" style="display: none">Schedule of Property, plant and equipment, net</span> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Machinery and equipment</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zpX5W1Q5K8o5" style="width: 12%; text-align: right" title="Gross amount">5,836,107</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zhqPrFpBu1Ea" style="width: 12%; text-align: right" title="Gross amount">10,960,943</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-size: 10pt">Buildings ⁽¹⁾</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_fKDEp_zua5yYcm5wdb" style="text-align: right" title="Gross amount">3,211,985</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_fKDEp_z5NFXTC8Oyfg" style="text-align: right" title="Gross amount">3,439,100</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Furniture and fixtures</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zcEIY3Ggn2Ek" style="text-align: right" title="Gross amount">95,106</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zMIITYbymmje" style="text-align: right" title="Gross amount">212,388</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Electronic office equipment</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zNgdtCB5mf3b" style="text-align: right" title="Gross amount">107,221</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zwgyRrKmxQt6" style="text-align: right" title="Gross amount">178,069</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Motor vehicles</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zitSBC33AAvb" style="text-align: right" title="Gross amount">53,593</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zYvoim8A7Xph" style="text-align: right" title="Gross amount">55,940</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Leasehold improvements</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zsNrTWsI4JCi" style="text-align: right" title="Gross amount"><span style="-sec-ix-hidden: xdx2ixbrl1371">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zHWm7vpwZ2c2" style="text-align: right" title="Gross amount">909,999</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Construction in progress</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_zR4n0bSbYez5" style="border-bottom: Black 1pt solid; text-align: right" title="Gross amount"><span style="-sec-ix-hidden: xdx2ixbrl1375">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_ze5sTDqJH1b6" style="border-bottom: Black 1pt solid; text-align: right" title="Gross amount">131,798</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Gross amount</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231_zN4xg00V1wa1" style="font-weight: bold; text-align: right" title="Gross amount">9,304,012</td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231_zpimG1WaxzO6" style="font-weight: bold; text-align: right" title="Gross amount">15,888,237</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: accumulated depreciation</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20241231_zYACpKtqc3yk" style="text-align: right" title="Less: accumulated depreciation">(2,635,400</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20251231_zg9EVUYOGFM9" style="text-align: right" title="Less: accumulated depreciation">(3,506,001</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: amortization of leasehold improvements</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_984_ecustom--LessAmortizationOfLeaseholdImprovements_iNI_pp0p0_di_c20241231_z34J2ThkvADe" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Amortization of leasehold improvements"><span style="-sec-ix-hidden: xdx2ixbrl1387">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_984_ecustom--LessAmortizationOfLeaseholdImprovements_iNI_pp0p0_di_c20251231_zje1qCOMUmtk" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Amortization of leasehold improvements">(110,361</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total property and Equipment, net</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_c20241231_zW23bA1bhJke" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total property and Equipment, net">6,668,612</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_c20251231_zHdOhx1omnWc" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total property and Equipment, net">12,271,875</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 4px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(1)</span></td> <td> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In April 2022, Zhongke Components entered into two agreements with a third-party as a lessor to lease fourth floor for one year, and the third and fifth floors for two years in Zhongke Components’s building located in Qingyuan to the lessee. The lease agreement for renting the fourth floor to a third-party by Zhongke Components has been renewed in March 2023 for one year and in February 2024 for six months, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2024, Zhongke Components entered into an agreement with another third-party as a lessor to lease the fourth floor for two years and a half. The lease agreement will expire in February 2027.</p></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 4px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(2)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">For the years ended December 31, 2023, 2024 and 2025, RMB3<span id="xdx_909_eus-gaap--PropertyPlantAndEquipmentNet_iI_uRMB_c20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_zUlqjQSu4d0h" title="Property, plant and equipment">55,929</span> (equivalent to US$<span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentNet_iI_uUSD_c20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_zdFdtyu5tQcb" title="Property, plant and equipment">50,132</span>), RMB<span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentNet_iI_uRMB_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_zXZEcHoHhPR1" title="Property, plant and equipment">481,696</span> (equivalent to US$<span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentNet_iI_uUSD_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_z038lRywwEm6" title="Property, plant and equipment">66,965</span>) and RMB<span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentNet_iI_uRMB_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_zhR2FeWiMlo3" title="Property, plant and equipment">4,859,053</span> (equivalent to US$<span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentNet_iI_uUSD_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_znMNy0coIlag" title="Property, plant and equipment">677,617</span>) of construction in progress was transferred to property, plant and equipment, respectively.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 4px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(3)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">For the years ended December 31, 2023, 2024 and 2025, the Company recorded no impairment on its property, plant and equipment. And no property, plant and equipment were pledged as of December 31, 2024 and 2025.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 4px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(4)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Depreciation expense was US$<span id="xdx_90E_eus-gaap--Depreciation_c20230101__20231231_zqoDK6Z0dzs" title="Depreciation expense">504,370</span>, US$<span id="xdx_90A_eus-gaap--Depreciation_c20240101__20241231_zhgoTDXn65qj" title="Depreciation expense">560,846</span> and US$<span id="xdx_907_eus-gaap--Depreciation_c20250101__20251231_zj0Rpahzgx4k" title="Depreciation expense">762,236</span> for the years ended December 31, 2023, 2024 and 2025, respectively.</span></td></tr> </table> <p id="xdx_8A1_z6daX6K4Pnza" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89D_eus-gaap--PropertyPlantAndEquipmentTextBlock_z6xfghaM19Id" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - PROPERTY, PLANT AND EQUIPMENT, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> <span id="xdx_8BB_zpOocl16tK05" style="display: none">Schedule of Property, plant and equipment, net</span> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Machinery and equipment</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zpX5W1Q5K8o5" style="width: 12%; text-align: right" title="Gross amount">5,836,107</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98F_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--MachineryAndEquipmentMember_zhqPrFpBu1Ea" style="width: 12%; text-align: right" title="Gross amount">10,960,943</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-size: 10pt">Buildings ⁽¹⁾</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_fKDEp_zua5yYcm5wdb" style="text-align: right" title="Gross amount">3,211,985</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--BuildingMember_fKDEp_z5NFXTC8Oyfg" style="text-align: right" title="Gross amount">3,439,100</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Furniture and fixtures</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zcEIY3Ggn2Ek" style="text-align: right" title="Gross amount">95,106</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--FurnitureAndFixturesMember_zMIITYbymmje" style="text-align: right" title="Gross amount">212,388</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Electronic office equipment</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zNgdtCB5mf3b" style="text-align: right" title="Gross amount">107,221</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--OfficeEquipmentMember_zwgyRrKmxQt6" style="text-align: right" title="Gross amount">178,069</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Motor vehicles</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zitSBC33AAvb" style="text-align: right" title="Gross amount">53,593</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--VehiclesMember_zYvoim8A7Xph" style="text-align: right" title="Gross amount">55,940</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Leasehold improvements</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zsNrTWsI4JCi" style="text-align: right" title="Gross amount"><span style="-sec-ix-hidden: xdx2ixbrl1371">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--LeaseholdImprovementsMember_zHWm7vpwZ2c2" style="text-align: right" title="Gross amount">909,999</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Construction in progress</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98C_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_zR4n0bSbYez5" style="border-bottom: Black 1pt solid; text-align: right" title="Gross amount"><span style="-sec-ix-hidden: xdx2ixbrl1375">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_ze5sTDqJH1b6" style="border-bottom: Black 1pt solid; text-align: right" title="Gross amount">131,798</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Gross amount</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_981_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20241231_zN4xg00V1wa1" style="font-weight: bold; text-align: right" title="Gross amount">9,304,012</td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td id="xdx_980_eus-gaap--PropertyPlantAndEquipmentGross_iI_pp0p0_c20251231_zpimG1WaxzO6" style="font-weight: bold; text-align: right" title="Gross amount">15,888,237</td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: accumulated depreciation</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20241231_zYACpKtqc3yk" style="text-align: right" title="Less: accumulated depreciation">(2,635,400</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment_iNI_pp0p0_di_c20251231_zg9EVUYOGFM9" style="text-align: right" title="Less: accumulated depreciation">(3,506,001</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Less: amortization of leasehold improvements</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_984_ecustom--LessAmortizationOfLeaseholdImprovements_iNI_pp0p0_di_c20241231_z34J2ThkvADe" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Amortization of leasehold improvements"><span style="-sec-ix-hidden: xdx2ixbrl1387">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_984_ecustom--LessAmortizationOfLeaseholdImprovements_iNI_pp0p0_di_c20251231_zje1qCOMUmtk" style="border-bottom: Black 1pt solid; text-align: right" title="Less: Amortization of leasehold improvements">(110,361</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total property and Equipment, net</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_985_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_c20241231_zW23bA1bhJke" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total property and Equipment, net">6,668,612</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_983_eus-gaap--PropertyPlantAndEquipmentNet_iI_pp0p0_c20251231_zHdOhx1omnWc" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total property and Equipment, net">12,271,875</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 4px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(1)</span></td> <td> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In April 2022, Zhongke Components entered into two agreements with a third-party as a lessor to lease fourth floor for one year, and the third and fifth floors for two years in Zhongke Components’s building located in Qingyuan to the lessee. The lease agreement for renting the fourth floor to a third-party by Zhongke Components has been renewed in March 2023 for one year and in February 2024 for six months, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In August 2024, Zhongke Components entered into an agreement with another third-party as a lessor to lease the fourth floor for two years and a half. The lease agreement will expire in February 2027.</p></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 4px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(2)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">For the years ended December 31, 2023, 2024 and 2025, RMB3<span id="xdx_909_eus-gaap--PropertyPlantAndEquipmentNet_iI_uRMB_c20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_zUlqjQSu4d0h" title="Property, plant and equipment">55,929</span> (equivalent to US$<span id="xdx_902_eus-gaap--PropertyPlantAndEquipmentNet_iI_uUSD_c20231231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_zdFdtyu5tQcb" title="Property, plant and equipment">50,132</span>), RMB<span id="xdx_900_eus-gaap--PropertyPlantAndEquipmentNet_iI_uRMB_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_zXZEcHoHhPR1" title="Property, plant and equipment">481,696</span> (equivalent to US$<span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentNet_iI_uUSD_c20241231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_z038lRywwEm6" title="Property, plant and equipment">66,965</span>) and RMB<span id="xdx_903_eus-gaap--PropertyPlantAndEquipmentNet_iI_uRMB_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_zhR2FeWiMlo3" title="Property, plant and equipment">4,859,053</span> (equivalent to US$<span id="xdx_907_eus-gaap--PropertyPlantAndEquipmentNet_iI_uUSD_c20251231__us-gaap--PropertyPlantAndEquipmentByTypeAxis__us-gaap--ConstructionInProgressMember_znMNy0coIlag" title="Property, plant and equipment">677,617</span>) of construction in progress was transferred to property, plant and equipment, respectively.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 4px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(3)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">For the years ended December 31, 2023, 2024 and 2025, the Company recorded no impairment on its property, plant and equipment. And no property, plant and equipment were pledged as of December 31, 2024 and 2025.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 4px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(4)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Depreciation expense was US$<span id="xdx_90E_eus-gaap--Depreciation_c20230101__20231231_zqoDK6Z0dzs" title="Depreciation expense">504,370</span>, US$<span id="xdx_90A_eus-gaap--Depreciation_c20240101__20241231_zhgoTDXn65qj" title="Depreciation expense">560,846</span> and US$<span id="xdx_907_eus-gaap--Depreciation_c20250101__20251231_zj0Rpahzgx4k" title="Depreciation expense">762,236</span> for the years ended December 31, 2023, 2024 and 2025, respectively.</span></td></tr> </table> 5836107 10960943 3211985 3439100 95106 212388 107221 178069 53593 55940 909999 131798 9304012 15888237 2635400 3506001 110361 6668612 12271875 55929 50132 481696 66965 4859053 677617 504370 560846 762236 <p id="xdx_809_eus-gaap--CashCashEquivalentsAndShortTermInvestmentsTextBlock_zfaYSw5HBlpa" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>9.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_828_zNngW1bdrqEk">SHORT-TERM BANK BORROWINGS</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 32.35pt; text-align: justify; text-indent: -32.35pt"></p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--TransferOfCertainFinancialAssetsAccountedForAsSecuredBorrowingsTableTextBlock_zdV2ZYTiAD25" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SHORT-TERM BANK BORROWINGS (Details)"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"><span id="xdx_8B4_zuLtDD84Bvib" style="display: none">Schedule of Short-term borrowings</span></td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Short-term borrowings</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">China Merchants Bank Shenzhen Branch ⁽¹⁾</span></td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_980_eus-gaap--ShortTermBorrowings_iI_c20241231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_fKDEp_zmfcUk44YSr6" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total">1,223,405</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_982_eus-gaap--ShortTermBorrowings_iI_c20251231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_fKDEp_zM5XULr6cVh" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1421">—</span></td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShortTermBorrowings_iI_c20241231_ziD5OR64ssD7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">1,223,405</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShortTermBorrowings_iI_c20251231_zfXwKbOp8Wfi" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1425">—</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 1%; text-align: justify"><span style="font-size: 10pt">(1)</span></td> <td style="width: 1%; text-align: justify"> </td> <td style="width: 98%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 18, 2024, Zhongjinke Shenzhen obtained a short-term borrowing from China Merchants Bank Shenzhen Branch amounting to RMB<span id="xdx_904_eus-gaap--ShortTermBorrowings_iI_uRMB_c20241018__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_zxqqyzhPuL4j" title="Short term borrowings">5,000,000</span> (equivalent to US$<span id="xdx_906_eus-gaap--ShortTermBorrowings_iI_uUSD_c20241018__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_zTk3FOXTwqYi" title="Short term borrowings">695,091</span>) with an annual interest of 3.00% and the balance has been fully repaid on January 20, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 29, 2024, Zhongjinke Shenzhen obtained a short-term borrowing from China Merchants Bank Shenzhen Branch amounting to RMB<span id="xdx_900_eus-gaap--ShortTermBorrowings_iI_uRMB_c20241129__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_z7geq9cuBAJ3" title="Short term borrowings">4,500,000</span> (equivalent to US$<span id="xdx_907_eus-gaap--ShortTermBorrowings_iI_uUSD_c20241129__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_z8geBCAmptgh" title="Short term borrowings">625,582</span>) with an annual interest of 2.90% and the balance has been fully repaid on February 5, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 30, 2025, Zhongjinke Shenzhen obtained a short-term borrowing from China Merchants Bank Shenzhen Branch amounting to RMB<span id="xdx_909_eus-gaap--ShortTermBorrowings_iI_uRMB_c20250530__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_zJzieFFYOiGk" title="Short term borrowings">10,000,000</span> (equivalent to US$<span id="xdx_90A_eus-gaap--ShortTermBorrowings_iI_uUSD_c20250530__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_zXxBoEXXMTk7" title="Short term borrowings">1,394,545</span>) with an annual interest of 2.20% and the balance has been fully repaid on December 1, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These borrowings obtained in 2024 and 2025 were all guaranteed by related parties, Ning Ding and Baozhen Zhu.</p></td></tr> </table> <p id="xdx_8A5_z9AOK0AfEvPe" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the years ended December 31, 2023, 2024 and 2025, the Company’s short-term bank borrowings bear a weighted average interest rate of <span id="xdx_90C_eus-gaap--ShortTermDebtWeightedAverageInterestRate_iI_dp_c20231231_zzlhhfOBq1z3" title="Weighted average interest rate">3.99</span>%, <span id="xdx_908_eus-gaap--ShortTermDebtWeightedAverageInterestRate_iI_dp_c20241231_zGeUlPApLPzk" title="Weighted average interest rate">3.62</span>% and <span id="xdx_900_eus-gaap--ShortTermDebtWeightedAverageInterestRate_iI_dp_c20251231_zZuNy66Ggz69" title="Weighted average interest rate">2.18</span>% per annum, respectively. All short-term bank borrowings mature at various times within one year and contain no renewal terms.</p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--TransferOfCertainFinancialAssetsAccountedForAsSecuredBorrowingsTableTextBlock_zdV2ZYTiAD25" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SHORT-TERM BANK BORROWINGS (Details)"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"><span id="xdx_8B4_zuLtDD84Bvib" style="display: none">Schedule of Short-term borrowings</span></td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Short-term borrowings</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">China Merchants Bank Shenzhen Branch ⁽¹⁾</span></td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_980_eus-gaap--ShortTermBorrowings_iI_c20241231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_fKDEp_zmfcUk44YSr6" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total">1,223,405</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_982_eus-gaap--ShortTermBorrowings_iI_c20251231__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_fKDEp_zM5XULr6cVh" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1421">—</span></td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShortTermBorrowings_iI_c20241231_ziD5OR64ssD7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">1,223,405</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShortTermBorrowings_iI_c20251231_zfXwKbOp8Wfi" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1425">—</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 1%; text-align: justify"><span style="font-size: 10pt">(1)</span></td> <td style="width: 1%; text-align: justify"> </td> <td style="width: 98%"> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 18, 2024, Zhongjinke Shenzhen obtained a short-term borrowing from China Merchants Bank Shenzhen Branch amounting to RMB<span id="xdx_904_eus-gaap--ShortTermBorrowings_iI_uRMB_c20241018__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_zxqqyzhPuL4j" title="Short term borrowings">5,000,000</span> (equivalent to US$<span id="xdx_906_eus-gaap--ShortTermBorrowings_iI_uUSD_c20241018__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_zTk3FOXTwqYi" title="Short term borrowings">695,091</span>) with an annual interest of 3.00% and the balance has been fully repaid on January 20, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On November 29, 2024, Zhongjinke Shenzhen obtained a short-term borrowing from China Merchants Bank Shenzhen Branch amounting to RMB<span id="xdx_900_eus-gaap--ShortTermBorrowings_iI_uRMB_c20241129__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_z7geq9cuBAJ3" title="Short term borrowings">4,500,000</span> (equivalent to US$<span id="xdx_907_eus-gaap--ShortTermBorrowings_iI_uUSD_c20241129__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_z8geBCAmptgh" title="Short term borrowings">625,582</span>) with an annual interest of 2.90% and the balance has been fully repaid on February 5, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On May 30, 2025, Zhongjinke Shenzhen obtained a short-term borrowing from China Merchants Bank Shenzhen Branch amounting to RMB<span id="xdx_909_eus-gaap--ShortTermBorrowings_iI_uRMB_c20250530__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_zJzieFFYOiGk" title="Short term borrowings">10,000,000</span> (equivalent to US$<span id="xdx_90A_eus-gaap--ShortTermBorrowings_iI_uUSD_c20250530__us-gaap--ShortTermDebtTypeAxis__custom--ChinaMerchantsBankShenzhenBranchMember_zXxBoEXXMTk7" title="Short term borrowings">1,394,545</span>) with an annual interest of 2.20% and the balance has been fully repaid on December 1, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">These borrowings obtained in 2024 and 2025 were all guaranteed by related parties, Ning Ding and Baozhen Zhu.</p></td></tr> </table> 1223405 1223405 5000000 695091 4500000 625582 10000000 1394545 0.0399 0.0362 0.0218 <p id="xdx_801_eus-gaap--AccountsPayableAccruedLiabilitiesAndOtherLiabilitiesDisclosureCurrentTextBlock_z7fOs5VGz6Xb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>10.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_825_zCWRnebXnab9">ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 32.35pt; text-align: justify; text-indent: -32.35pt"> Accrued expenses and other current liabilities consist of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 32.35pt; text-align: justify; text-indent: -32.35pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 32.35pt; text-align: justify; text-indent: -32.35pt"></p> <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_zrGO8FA4SJe6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B7_zNc5Mz6jA4ch" style="display: none">Schedule of Accrued expenses and other current liabilities</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20241231_za2eXQsu5nKe" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20251231_zh0HkjnzbvXa" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_400_eus-gaap--AccruedMarketingCostsCurrent_iI_zmqOF5Ie5Vsb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Accrued marketing expansion expenses ⁽¹⁾</span></td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">1,026,243</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">2,000,725</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--AccruedPayrollTaxesCurrent_iI_zeFDctHq2nRc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Accrued payroll and social insurance</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">795,689</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,068,421</td> <td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AccruedIncomeTaxesCurrent_iI_zlSORe8f1ES" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Taxes payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">23,652</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">80,132</td> <td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--OtherAccruedExpenses_iI_zFPwYLxVADMc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Other accrued expenses ⁽²⁾</span></td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">206,004</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">434,179</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OtherAccruedLiabilitiesCurrent_iI_zFHzA7vv93t" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total accrued expenses and other current liabilities</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,051,588</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,583,457</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 4px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(1)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Accrued marketing expansion expenses as of December 31, 2024 and 2025 primarily related to expenses incurred for expanding into markets including North America, Singapore, and Taiwan, China.</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-size: 10pt">(2)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Other accrued expenses as of December 31, 2024 and 2025 mainly included payable rental fees and expenses paid by employees on behalf of the company, such as travel expenses, payable miscellaneous expenses such as utilities and office expenses for daily operations.</span></td></tr> </table> <p id="xdx_8A1_zhJBgJErnp8k" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <table cellpadding="0" cellspacing="0" id="xdx_897_eus-gaap--ScheduleOfAccountsPayableAndAccruedLiabilitiesTableTextBlock_zrGO8FA4SJe6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - ACCRUED EXPENSES AND OTHER CURRENT LIABILITIES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B7_zNc5Mz6jA4ch" style="display: none">Schedule of Accrued expenses and other current liabilities</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20241231_za2eXQsu5nKe" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20251231_zh0HkjnzbvXa" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_400_eus-gaap--AccruedMarketingCostsCurrent_iI_zmqOF5Ie5Vsb" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Accrued marketing expansion expenses ⁽¹⁾</span></td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">1,026,243</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">2,000,725</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--AccruedPayrollTaxesCurrent_iI_zeFDctHq2nRc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Accrued payroll and social insurance</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">795,689</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,068,421</td> <td style="text-align: left"> </td></tr> <tr id="xdx_405_eus-gaap--AccruedIncomeTaxesCurrent_iI_zlSORe8f1ES" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Taxes payable</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">23,652</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">80,132</td> <td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--OtherAccruedExpenses_iI_zFPwYLxVADMc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Other accrued expenses ⁽²⁾</span></td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">206,004</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">434,179</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--OtherAccruedLiabilitiesCurrent_iI_zFHzA7vv93t" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total accrued expenses and other current liabilities</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,051,588</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,583,457</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 4px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(1)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Accrued marketing expansion expenses as of December 31, 2024 and 2025 primarily related to expenses incurred for expanding into markets including North America, Singapore, and Taiwan, China.</span></td></tr> <tr style="vertical-align: top"> <td> </td> <td> </td> <td> </td></tr> <tr style="vertical-align: top"> <td> </td> <td><span style="font-size: 10pt">(2)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Other accrued expenses as of December 31, 2024 and 2025 mainly included payable rental fees and expenses paid by employees on behalf of the company, such as travel expenses, payable miscellaneous expenses such as utilities and office expenses for daily operations.</span></td></tr> </table> 1026243 2000725 795689 1068421 23652 80132 206004 434179 2051588 3583457 <p id="xdx_80B_eus-gaap--IncomeTaxDisclosureTextBlock_zeN8AKuR22Wf" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt">  </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>11.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_821_zy1ipKD7Hm71">INCOME TAXES</span></b>    </span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>The Cayman Islands</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under the current laws of the Cayman Islands, the Company is not subject to tax on income or capital gain. Additionally, the Cayman Islands does not impose a withholding tax on payments of dividends to shareholders. No stamp duty is payable in respect of the issue of the shares or on an instrument of transfer in respect of a share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Hong Kong S.A.R.</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under the current Hong Kong S.A.R. Inland Revenue Ordinance, the Company’s Hong Kong S.A.R. subsidiary is subject to Hong Kong S.A.R. profits tax at the rate of 16.5% on its taxable income generated from the operations in Hong Kong S.A.R. Payments of dividends by the Hong Kong S.A.R. subsidiary to the Company is not subject to withholding tax in Hong Kong S.A.R. A two-tiered profits tax rates regime was introduced in 2018 where the first HK$2 million of assessable profits earned by a company will be taxed at half of the current tax rate (8.25%) whilst the remaining profits will continue to be taxed at 16.5%. There is an anti-fragmentation measure where each group will have to nominate only one company in the group to benefit from the progressive rates. No provision for Hong Kong profits tax has been made in the financial statements as the subsidiary in Hong Kong had no assessable profits for the years ended December 31, 2023, 2024 and 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Vietnam</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The statutory corporate income tax rate applied for subsidiaries in Vietnam is 20% of taxable income.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>The PRC</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s PRC subsidiaries are subject to the PRC Corporate Income Tax Law (“CIT Law”) and are taxed at the statutory income tax rate of 25%, unless otherwise specified. In March 2007, a new enterprise income tax law (the “New EIT Law”) in the PRC was enacted which became effective on January 1, 2008. The New EIT Law applies a unified 25% enterprise income tax (“EIT”) rate to both foreign invested enterprises and domestic enterprises, unless a preferential EIT rate is otherwise stipulated. On April 14, 2008, relevant governmental regulatory authorities released further qualification criteria, application procedures and assessment processes for meeting the High and New Technology Enterprise (“HNTE”) status under the New EIT Law which would entitle qualified and approved entities to a favorable EIT tax rate of 15%. In April 2009 and June 2017, the State Administration for Taxation (“SAT”) issued Circular Guoshuihan [2009] No. 203 (“Circular 203”) and SAT Announcement [2017] No. 24 (“Announcement 24”) stipulating that entities which qualified for the HNTE status should apply with in-charge tax authorities to enjoy the reduced EIT rate of 15% provided under the New EIT Law starting from the year when the new HNTE certificate becomes effective. The HNTE certificate is effective for a period of three years and can be renewed for another three years. Subsequently, an entity needs to re-apply for the HNTE status in order to be able to enjoy the preferential tax rate of 15%.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Zhongjinke Shenzhen has obtained the HNTE certificate, the latest HNTE certificate obtained on December 26, 2024 and is valid for three years. Thus, the Company is entitled to a preferential tax rate of 15% until December 2027.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">If any entities fail to maintain the HNTE qualification under the New EIT Law, they will no longer qualify for the preferential tax rate of 15%, which could have a material and adverse effect on the Company’s results of operations and financial position provided that they do not qualify for any other preferential tax treatment. Historically, the abovementioned PRC subsidiaries have successfully obtained or renewed the HNTE certificates when the previous certificates had expired.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">According to the Announcement on Further Implementing the Income Tax Preferential Policies for Small and Micro Enterprises (Caishui [2023] No. 06) issued by the Ministry of Finance and the State Taxation Administration on March 14, 2022, for small and low-profit enterprises with an annual taxable income exceeding RMB<span id="xdx_905_ecustom--AnnualTaxableIncome_uRMB_c20220301__20220314_zsedcrd1tXdf">1,000,000</span> (equivalent to US$<span id="xdx_90D_ecustom--AnnualTaxableIncome_uUSD_c20220301__20220314_zWS5svdFdaIi">141,052</span>) but not exceeding RMB<span id="xdx_906_ecustom--AnnualTaxableIncome_uRMB_c20240101__20241231_zH46Y7YwCCE4">3,000,000</span> (equivalent to US$<span id="xdx_900_ecustom--AnnualTaxableIncome_uUSD_c20240101__20241231_zmB87JJITgZ5">417,055</span>), a reduction of 25% will be included in the taxable income and the enterprise income tax will be paid at a 20% tax rate. The execution period of this announcement is from January 1, 2023 to December 31, 2024. On August 2, 2023, the Ministry of Finance and the State Taxation Administration announced Caishui [2023] No. 12 and extend the execution period of Caishui [2023] No. 06 from December 31, 2024 to December 31, 2027. Zhongjinke Nanjing is a small and low-profit enterprise with a taxable income of less than RMB<span id="xdx_905_ecustom--AnnualTaxableIncome_uRMB_c20250101__20251231_zA7Xm8brg9Pe">1,000,000</span> for the years ended December 31, 2023, 2024 and 2025, and enjoy a preferential income tax rate of 2.5%, 5% and 5%, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The CIT Law also provides that an enterprise established under the laws of a foreign country or region but whose “de facto management body” is located in the PRC be treated as a resident enterprise for the PRC tax purposes and consequently be subject to the PRC income tax at the rate of 25% for its global income. The Implementing Rules of the CIT Law define the location of the “de facto management body” as “the place where the exercising, in substance, of the overall management and control of the production and business operation, personnel, accounting, property, etc., of a non-PRC company is located.” Based on a review of surrounding facts and circumstances, the Company does not believe that it is likely that its operations outside the PRC should be considered a resident enterprise for PRC tax purposes.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><i>Withholding tax on undistributed dividends </i></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The CIT law also imposes a withholding income tax of 10% on dividends distributed by a foreign investment enterprise (“FIE”) to its immediate holding company outside of Mainland China, if such immediate holding company is considered as a non-resident enterprise without any establishment or place within Mainland China or if the received dividends have no connection with the establishment or place of such immediate holding company within Mainland China, unless such immediate holding company’s jurisdiction of incorporation has a tax treaty with the PRC that provides for a different withholding arrangement. The Cayman Islands, where the Company is incorporated, does not have such tax treaty with the PRC. According to the arrangement between Mainland China and Hong Kong S.A.R. on the Avoidance of Double Taxation and Prevention of Fiscal Evasion in August 2006, dividends paid by an FIE in Mainland China to its immediate holding company in Hong Kong S.A.R. will be subject to withholding tax at a rate of no more than 5% (if the foreign investor owns directly at least 25% of the shares of the FIE). The Company did not record any dividend withholding tax.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt">The provision for income taxes consists of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"></p> <table cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfProvisionForIncomeTaxesTableTextBlock_zB1zo230Xezj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B8_z3ev1HPWR4K2" style="display: none">Schedule of provision for income taxes</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20230101__20231231_z3CA7DZHq5te" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20240101__20241231_zMwFv8flLzil" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20250101__20251231_zADX8GJ8LPoe" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_407_eus-gaap--CurrentIncomeTaxExpenseBenefit_z222ZIg7c0W4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Provisions for current income tax</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">1,070,430</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">1,032,132</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">3,317,385</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredIncomeTaxExpenseBenefit_z960b9C2znTe" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Provisions for deferred income tax</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">213,773</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">232,801</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">350,786</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeTaxExpenseBenefit_ztCQXMCyhAl5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-size: 10pt"> <b>Total</b></span></td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,284,203</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,264,933</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,668,171</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AF_zzZm0gptJe9j" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Reconciliation of the differences between the statutory income tax rate of the PRC and the Group’s effective income tax rate for the years ended December 31, 2023, 2024 and 2025:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfIncomeTaxExpenseTableTextBlock_zQnuJKZekwah" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B6_z4bwnFCkrr77" style="display: none">Schedule of income tax expense</span> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20230101__20231231_zzOUiJDqDpTc" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49D_20240101__20241231_zzsxRuqlQNBj" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td></tr> <tr id="xdx_402_ecustom--IncomeBeforeIncomeTaxProvision_zxd9sVN0zXgd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Income before income tax provision</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">8,974,042</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">4,927,762</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--IncomeTaxReconciliationTaxAtPrcEitTaxRates_zPqdJTGPXaXh" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Tax at the PRC EIT tax rates</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,243,511</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,231,941</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--IncomeTaxReconciliationHnteTaxIncentive_z010IGJJ6E7b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">HNTE tax incentive</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(925,270</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(298,562</td> <td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxReconciliationNondeductibleExpense_zMno7AYC8cX9" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Tax effect of non-deductible expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(59,636</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">460,045</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment_iN_di_zz088qwCAiLl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Tax effect of R&amp;D expenses deduction</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(68,310</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(82,218</td> <td style="text-align: left">)</td></tr> <tr id="xdx_409_ecustom--IncomeTaxReconciliationChangeInValuationAllowance_zHeb8Wqk0oAj" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Change in valuation allowance</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">93,908</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(46,273</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--IncomeTaxExpenseBenefit_zgJCdFeNaO15" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Actual income tax expense</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,284,203</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,264,933</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p id="xdx_8AF_zvBshObWlsvb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with the updated requirements of ASU No. 2023-09 for the year ended December 31, 2025, a reconciliation between the statutory rate and the Company’s effective income tax rate is as follows：</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_zDj4l7xY6uh6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BB_zocQXgWQfn06" style="display: none">Schedule of Effective income tax rate</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">percent</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; font-weight: bold; text-align: left; text-indent: -10pt">PRC statutory income tax rate</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_985_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--PRCStatutoryIncomeTaxMember_zdcXQaogAnxl" style="width: 12%; text-align: right" title="Effective income tax rate">3,455,493</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_901_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--PRCStatutoryIncomeTaxMember_ztkPiRb4Jx91" title="Effective income tax rate">25.00</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Effect of HNTE tax incentive</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--HNTETaxMember_zJFTpQvabvT7" style="text-align: right" title="Effective income tax rate">(1,435,479</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--HNTETaxMember_zkqLsGx2lvSh" title="Effective income tax rate">(10.39</span></td> <td style="text-align: left">)%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign Tax Effects</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-indent: -10pt"> Hongkong</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"> Statutory tax rate difference between Hongkong and Chinese mainland</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--HongkongStatutoryTaxRateMember_zgBx2QwaGi47" style="text-align: right" title="Effective income tax rate">(22,847</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--HongkongStatutoryTaxRateMember_zI7JNInOoeOl" title="Effective income tax rate">(0.17</span></td> <td style="text-align: left">)%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-indent: -10pt"> Vietnam</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt"> Statutory tax rate difference between Vietnam and Chinese mainland</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--VietnamStatutoryTaxRateMember_zveYKkNkGy71" style="text-align: right" title="Effective income tax rate">13,803</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--VietnamStatutoryTaxRateMember_zAyw5QBqnqW" title="Effective income tax rate">0.10</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"> Cayman Islands</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt"> Statutory tax rate difference between Cayman Islands and Chinese mainland</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--CaymanIslandStatutoryTaxRateMember_zktTBZ4Eara1" style="text-align: right" title="Effective income tax rate">1,073,752</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--CaymanIslandStatutoryTaxRateMember_zm2hnBsHUXc5" title="Effective income tax rate">7.77</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"> Other foreign jurisdictions</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--OtherForeignJurisdictionsMember_zcp1Mke5uKIh" style="text-align: right" title="Effective income tax rate">(476</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--OtherForeignJurisdictionsMember_zKzXxvcKZ1od" title="Effective income tax rate">0.00</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Tax effect of non-deductible expenses</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--IncomeTaxReconciliationNondeductibleExpense_c20250101__20251231_zh2L1RheAWx4" style="text-align: right" title="Tax effect of non-deductible expenses">695,713</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--EffectiveIncomeTaxRateReconciliationNondeductibleExpense_dp_c20250101__20251231_zLJfDvTZq5y" title="Tax effect of non-deductible expenses">5.04</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Tax effect of R&amp;D expenses deduction</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_eus-gaap--IncomeTaxReconciliationOtherReconcilingItems_c20250101__20251231_zuAQLoSxfXTh" style="text-align: right" title="Tax effect of R&amp;D expenses deduction">(165,428</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent_iN_dpi_c20250101__20251231_z79WmcRxmxR5" title="Tax effect of R&amp;D expenses deduction">(1.20</span></td> <td style="text-align: left">)%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Change in valuation allowance</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_988_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_c20250101__20251231_zVZkq88hF50g" style="border-bottom: Black 1pt solid; text-align: right" title="Change in valuation allowance">53,640</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_dp_c20250101__20251231_zsEQW1zdkpw9" title="Change in valuation allowance">0.39</span></td> <td style="padding-bottom: 1pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Effective income tax rate</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98A_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231_z96xFQdF22z" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Effective income tax rate">3,668,171</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span id="xdx_900_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231_z2EEKrHnHzba" title="Effective income tax rate">26.54</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p id="xdx_8A5_zxC2wCckHVMc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">For the year ended December 31, 2025, income taxes paid in Mainland China amounted to US$<span id="xdx_904_eus-gaap--IncomeTaxesPaid_c20250101__20251231_znrhFD7B3cD4" title="Income taxes paid">1,585,805</span>, and no income taxes were paid in other jurisdictions.  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of December 31, 2024 and 2025, the significant components of the deferred tax assets and deferred tax liability are summarized below:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_890_ecustom--us-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_zvtVAmix0Wz7" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20241231_zBvVFq7Thku8" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20251231_z57wdcFnHuid" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40C_eus-gaap--DeferredTaxAssetsNetAbstract_iB" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Deferred tax assets:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Tax loss carry-forwards</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">69,622</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">118,975</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--DeferredTaxAssetsTaxDeferredExpenseReservesAndAccrualsAllowanceForDoubtfulAccounts_iI_pp0p0" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Provision for credit loss</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,765</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">20,556</td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredTaxAssetsInventory_iI_pp0p0_zPdfuOKt5PL5" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Inventory provision</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">166,289</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">299,901</td> <td style="text-align: left"> </td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsDeferredGainOnSaleLeasebackTransaction_iI_pp0p0_zMnXqzbcdF5h" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Lease liabilities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">222,361</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">601,051</td> <td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--NetDeferredTaxLiabilitiesOffset_iNI_pp0p0_di_zH3DSNgN3Q1g" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net deferred tax liabilities offset</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(397,691</td> <td style="text-align: left">) </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(925,396</td> <td style="text-align: left">)</td></tr> <tr id="xdx_40E_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_pp0p0_di_zYxwpDLMuZDa" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Valuation allowance</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(63,346</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(115,087</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsNet_iI_pp0p0" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total deferred tax assets</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1580">—</span></td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1581">—</span></td> <td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--DeferredTaxLiabilitiesAbstract_iB_zIU4GVLmZyUe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Deferred tax liabilities:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_400_ecustom--DeferredTaxLiabilitiesInvestmentIncome_iI_zroGLIS5CCOe" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Investment Income</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(727,868</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(1,284,142</td> <td style="text-align: left">)</td></tr> <tr id="xdx_40B_ecustom--DeferredTaxLiabilitiesOperatingRightofuseAssets_iI_zdQUvoXRa6C" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Operating right-of-use assets</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(233,111</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(598,864</td> <td style="text-align: left">)</td></tr> <tr id="xdx_407_ecustom--DeferredTaxLiabilitiesFinanceLeaseRightofuseAssets_iI_zpOSjBDjB7Mj" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Finance lease right-of-use assets</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(9,541</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1593">—</span></td> <td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--NetDeferredTaxAssetsOffset_iI_zXPGpubztqL4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net deferred tax assets offset</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">397,691</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">925,396</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40D_eus-gaap--DeferredTaxLiabilities_iNI_di_znV0feFp5mOd" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total deferred tax liabilities</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(572,829</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(957,610</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Changes in valuation allowance are as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfComponentsOfIncomeTaxExpenseBenefitsTableTextBlock_zaSxnrhDEqtl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details 4)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span id="xdx_8B9_zVaBoqMYTld4" style="display: none">Schedule of Changes in valuation allowance</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; font-weight: bold; text-align: left; text-indent: -10pt">Balance at beginning of the year</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_984_eus-gaap--DeferredTaxAssetsValuationAllowance_iS_c20240101__20241231_zfb0UldLNeQd" style="width: 12%; text-align: right" title="Balance at beginning of the year">110,864</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_983_eus-gaap--DeferredTaxAssetsValuationAllowance_iS_c20250101__20251231_zgy7dhoOHr87" style="width: 12%; text-align: right" title="Balance at beginning of the year">63,346</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">(Reduction)/addition</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_ecustom--Additionreduction_c20240101__20241231_zHroDq1hq2he" style="text-align: right" title="Addition/(Reduction)">(46,273</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_ecustom--Additionreduction_c20250101__20251231_zfr3jNCukis2" style="text-align: right" title="Addition/(Reduction)">53,640</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign currency translation adjustment</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98C_ecustom--DeferredTaxAssetsForeignCurrencyTranslationAdjustment_c20240101__20241231_zHto9Qtsp4P9" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation adjustment">(1,245</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98E_ecustom--DeferredTaxAssetsForeignCurrencyTranslationAdjustment_c20250101__20251231_z05yRgFzzIU2" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation adjustment">(1,899</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Balance at end of the year</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_984_eus-gaap--DeferredTaxAssetsValuationAllowance_iE_c20240101__20241231_zOLKR4lqJpOg" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Balance at end of the year">63,346</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_984_eus-gaap--DeferredTaxAssetsValuationAllowance_iE_c20250101__20251231_zUhDw8FHS3le" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Balance at end of the year">115,087</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p id="xdx_8AF_zCZmylZkJSEf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company operates through the PRC Entities and the valuation allowance is considered on each individual basis.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s assessment is that it is not more likely than not that these deferred tax assets will be realized.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The net operating loss attributable to PRC Entities can only be carried forward for a maximum period of five years. Tax losses of non-PRC Entities can be carried forward indefinitely.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under the PRC Income Tax Law and the implementation rules, profits of the PRC Entities earned on or after January 1, 2008 and distributed by the PRC Entities to the Company are subject to a withholding tax at a rate of 10%, unless the Company will be deemed as a resident enterprise for tax purposes. Since the Company intends to reinvest the earnings of the PRC Entities in operations in the PRC, the PRC Entities do not intend to declare dividends to their immediate non-PRC established holding companies in the foreseeable future. Accordingly, no deferred taxation on undistributed earnings of the PRC Entities has been recognized as of December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">According to the PRC Tax Administration and Collection Law, the statute of limitations is three years if the underpayment of taxes is due to computational errors made by the taxpayer or its withholding agent. The statute of limitations extends to five years under special circumstances, which are not clearly defined. In the case of a related party transaction, the statute of limitations is ten years. There is no statute of limitations in the case of tax evasion. The Company did not accrue any liability, interest or penalties related to underpayment of taxes in the consolidated statements of income for the years ended December 31, 2023, 2024 and 2025, respectively. And there were no completed or ongoing examinations by tax authorities as of December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">In accordance with Guo Shui Fa [2009] No.2, the PRC tax authorities have the right to deem the Company for a tax amount based on the transfer pricing contemporaneous documentations (the “Contemporaneous Documentations”) or a basis that they considered reasonable.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"><b><i>c) Uncertain tax positions</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify; text-indent: -0.5pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company evaluate each uncertain tax position (including the potential application of interest and penalties) based on the technical merits, and measure the unrecognized benefits associated with the tax positions. As of December 31, 2024 and 2025, the Company did not have any significant unrecognized uncertain tax positions.</p> 1000000 141052 3000000 417055 1000000 <table cellpadding="0" cellspacing="0" id="xdx_89B_ecustom--ScheduleOfProvisionForIncomeTaxesTableTextBlock_zB1zo230Xezj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B8_z3ev1HPWR4K2" style="display: none">Schedule of provision for income taxes</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20230101__20231231_z3CA7DZHq5te" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20240101__20241231_zMwFv8flLzil" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_498_20250101__20251231_zADX8GJ8LPoe" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_407_eus-gaap--CurrentIncomeTaxExpenseBenefit_z222ZIg7c0W4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Provisions for current income tax</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">1,070,430</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">1,032,132</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">3,317,385</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--DeferredIncomeTaxExpenseBenefit_z960b9C2znTe" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Provisions for deferred income tax</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">213,773</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">232,801</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">350,786</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--IncomeTaxExpenseBenefit_ztCQXMCyhAl5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span style="font-size: 10pt"> <b>Total</b></span></td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,284,203</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,264,933</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,668,171</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 1070430 1032132 3317385 213773 232801 350786 1284203 1264933 3668171 <table cellpadding="0" cellspacing="0" id="xdx_899_ecustom--ScheduleOfIncomeTaxExpenseTableTextBlock_zQnuJKZekwah" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B6_z4bwnFCkrr77" style="display: none">Schedule of income tax expense</span> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20230101__20231231_zzOUiJDqDpTc" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49D_20240101__20241231_zzsxRuqlQNBj" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td></tr> <tr id="xdx_402_ecustom--IncomeBeforeIncomeTaxProvision_zxd9sVN0zXgd" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">Income before income tax provision</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">8,974,042</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">4,927,762</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--IncomeTaxReconciliationTaxAtPrcEitTaxRates_zPqdJTGPXaXh" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Tax at the PRC EIT tax rates</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,243,511</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,231,941</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--IncomeTaxReconciliationHnteTaxIncentive_z010IGJJ6E7b" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">HNTE tax incentive</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(925,270</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(298,562</td> <td style="text-align: left">)</td></tr> <tr id="xdx_400_eus-gaap--IncomeTaxReconciliationNondeductibleExpense_zMno7AYC8cX9" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Tax effect of non-deductible expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(59,636</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">460,045</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--IncomeTaxReconciliationNondeductibleExpenseResearchAndDevelopment_iN_di_zz088qwCAiLl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Tax effect of R&amp;D expenses deduction</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(68,310</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(82,218</td> <td style="text-align: left">)</td></tr> <tr id="xdx_409_ecustom--IncomeTaxReconciliationChangeInValuationAllowance_zHeb8Wqk0oAj" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Change in valuation allowance</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">93,908</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(46,273</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_408_eus-gaap--IncomeTaxExpenseBenefit_zgJCdFeNaO15" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Actual income tax expense</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,284,203</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,264,933</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> 8974042 4927762 2243511 1231941 -925270 -298562 -59636 460045 68310 82218 93908 -46273 1284203 1264933 <table cellpadding="0" cellspacing="0" id="xdx_891_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_zDj4l7xY6uh6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BB_zocQXgWQfn06" style="display: none">Schedule of Effective income tax rate</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31, 2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">percent</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; font-weight: bold; text-align: left; text-indent: -10pt">PRC statutory income tax rate</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_985_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--PRCStatutoryIncomeTaxMember_zdcXQaogAnxl" style="width: 12%; text-align: right" title="Effective income tax rate">3,455,493</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right"><span id="xdx_901_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--PRCStatutoryIncomeTaxMember_ztkPiRb4Jx91" title="Effective income tax rate">25.00</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Effect of HNTE tax incentive</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--HNTETaxMember_zJFTpQvabvT7" style="text-align: right" title="Effective income tax rate">(1,435,479</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90C_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--HNTETaxMember_zkqLsGx2lvSh" title="Effective income tax rate">(10.39</span></td> <td style="text-align: left">)%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign Tax Effects</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-indent: -10pt"> Hongkong</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"> Statutory tax rate difference between Hongkong and Chinese mainland</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--HongkongStatutoryTaxRateMember_zgBx2QwaGi47" style="text-align: right" title="Effective income tax rate">(22,847</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--HongkongStatutoryTaxRateMember_zI7JNInOoeOl" title="Effective income tax rate">(0.17</span></td> <td style="text-align: left">)%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-indent: -10pt"> Vietnam</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt"> Statutory tax rate difference between Vietnam and Chinese mainland</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--VietnamStatutoryTaxRateMember_zveYKkNkGy71" style="text-align: right" title="Effective income tax rate">13,803</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90E_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--VietnamStatutoryTaxRateMember_zAyw5QBqnqW" title="Effective income tax rate">0.10</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"> Cayman Islands</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 30pt; text-align: left; text-indent: -10pt"> Statutory tax rate difference between Cayman Islands and Chinese mainland</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--CaymanIslandStatutoryTaxRateMember_zktTBZ4Eara1" style="text-align: right" title="Effective income tax rate">1,073,752</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90A_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--CaymanIslandStatutoryTaxRateMember_zm2hnBsHUXc5" title="Effective income tax rate">7.77</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"> Other foreign jurisdictions</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--OtherForeignJurisdictionsMember_zcp1Mke5uKIh" style="text-align: right" title="Effective income tax rate">(476</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_90B_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231__us-gaap--IncomeTaxAuthorityAxis__custom--OtherForeignJurisdictionsMember_zKzXxvcKZ1od" title="Effective income tax rate">0.00</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Tax effect of non-deductible expenses</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--IncomeTaxReconciliationNondeductibleExpense_c20250101__20251231_zh2L1RheAWx4" style="text-align: right" title="Tax effect of non-deductible expenses">695,713</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--EffectiveIncomeTaxRateReconciliationNondeductibleExpense_dp_c20250101__20251231_zLJfDvTZq5y" title="Tax effect of non-deductible expenses">5.04</span></td> <td style="text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Tax effect of R&amp;D expenses deduction</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_eus-gaap--IncomeTaxReconciliationOtherReconcilingItems_c20250101__20251231_zuAQLoSxfXTh" style="text-align: right" title="Tax effect of R&amp;D expenses deduction">(165,428</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span id="xdx_905_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherReconcilingItemsPercent_iN_dpi_c20250101__20251231_z79WmcRxmxR5" title="Tax effect of R&amp;D expenses deduction">(1.20</span></td> <td style="text-align: left">)%</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Change in valuation allowance</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_988_eus-gaap--IncomeTaxReconciliationChangeInDeferredTaxAssetsValuationAllowance_c20250101__20251231_zVZkq88hF50g" style="border-bottom: Black 1pt solid; text-align: right" title="Change in valuation allowance">53,640</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span id="xdx_903_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_dp_c20250101__20251231_zsEQW1zdkpw9" title="Change in valuation allowance">0.39</span></td> <td style="padding-bottom: 1pt; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Effective income tax rate</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98A_ecustom--EffectiveIncomeTaxRateReconciliationBeatAmounts_c20250101__20251231_z96xFQdF22z" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Effective income tax rate">3,668,171</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span id="xdx_900_ecustom--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRates_dp_c20250101__20251231_z2EEKrHnHzba" title="Effective income tax rate">26.54</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">%</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> 3455493 0.2500 -1435479 -0.1039 -22847 -0.0017 13803 0.0010 1073752 0.0777 -476 0.0000 695713 0.0504 -165428 0.0120 53640 0.0039 3668171 0.2654 1585805 69622 118975 2765 20556 166289 299901 222361 601051 397691 925396 63346 115087 -727868 -1284142 -233111 -598864 -9541 397691 925396 572829 957610 <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfComponentsOfIncomeTaxExpenseBenefitsTableTextBlock_zaSxnrhDEqtl" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - INCOME TAXES (Details 4)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span id="xdx_8B9_zVaBoqMYTld4" style="display: none">Schedule of Changes in valuation allowance</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; font-weight: bold; text-align: left; text-indent: -10pt">Balance at beginning of the year</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_984_eus-gaap--DeferredTaxAssetsValuationAllowance_iS_c20240101__20241231_zfb0UldLNeQd" style="width: 12%; text-align: right" title="Balance at beginning of the year">110,864</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_983_eus-gaap--DeferredTaxAssetsValuationAllowance_iS_c20250101__20251231_zgy7dhoOHr87" style="width: 12%; text-align: right" title="Balance at beginning of the year">63,346</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">(Reduction)/addition</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_ecustom--Additionreduction_c20240101__20241231_zHroDq1hq2he" style="text-align: right" title="Addition/(Reduction)">(46,273</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_ecustom--Additionreduction_c20250101__20251231_zfr3jNCukis2" style="text-align: right" title="Addition/(Reduction)">53,640</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign currency translation adjustment</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98C_ecustom--DeferredTaxAssetsForeignCurrencyTranslationAdjustment_c20240101__20241231_zHto9Qtsp4P9" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation adjustment">(1,245</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98E_ecustom--DeferredTaxAssetsForeignCurrencyTranslationAdjustment_c20250101__20251231_z05yRgFzzIU2" style="border-bottom: Black 1pt solid; text-align: right" title="Foreign currency translation adjustment">(1,899</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Balance at end of the year</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_984_eus-gaap--DeferredTaxAssetsValuationAllowance_iE_c20240101__20241231_zOLKR4lqJpOg" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Balance at end of the year">63,346</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_984_eus-gaap--DeferredTaxAssetsValuationAllowance_iE_c20250101__20251231_zUhDw8FHS3le" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Balance at end of the year">115,087</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> 110864 63346 -46273 53640 -1245 -1899 63346 115087 <p id="xdx_801_ecustom--StaffRetirementPlansTextBlock_ziGhFPDybug7" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>12.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_82D_zYseXNaQJwC8">STAFF RETIREMENT PLANS</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s full-time employees in China participate in a government-mandated multiemployer defined contribution plan pursuant to which certain medical care unemployment insurance, employee housing fund and other welfare benefits are provided to employees. The China labor regulations require the Company to accrue for these benefits based on certain percentages of the employees’ salaries. No forfeited contributions may be used by the employer to reduce the existing level of contributions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The cost of the Company’s contribution to the staff retirement plans in China amounted to RMB<span id="xdx_901_eus-gaap--PensionAndOtherPostretirementBenefitContributions_uRMB_c20230101__20231231_zgLG6lZQxRJ9" title="Contribution to staff retirement plans">1,878,534</span> (equivalent to US$<span id="xdx_904_eus-gaap--PensionAndOtherPostretirementBenefitContributions_uUSD_c20230101__20231231_zsn896KFVto2" title="Contribution to staff retirement plans">264,970</span>), RMB3,<span id="xdx_90B_eus-gaap--PensionAndOtherPostretirementBenefitContributions_uRMB_c20240101__20241231_zu0Bl5spZ557" title="Contribution to staff retirement plans">755,255</span> (equivalent to US$<span id="xdx_90F_eus-gaap--PensionAndOtherPostretirementBenefitContributions_uUSD_c20240101__20241231_zQaMnoO20I9l" title="Contribution to staff retirement plans">522,049</span>) and RMB<span id="xdx_900_eus-gaap--PensionAndOtherPostretirementBenefitContributions_uRMB_c20250101__20251231_zBwMOcLOS4d4" title="Contribution to staff retirement plans">5,917,633</span> (equivalent to US$<span id="xdx_902_eus-gaap--PensionAndOtherPostretirementBenefitContributions_uUSD_c20250101__20251231_zzECQhLPLNc3" title="Contribution to staff retirement plans">825,240</span>) for the years ended December 31, 2023, 2024 and 2025, respectively.</p> 1878534 264970 755255 522049 5917633 825240 <p id="xdx_809_eus-gaap--LesseeOperatingLeasesTextBlock_zVPWTlUPvyMi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>13.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_820_zgxeeCihXJ1l">LEASES AS LESSEE </span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has operating leases mainly for certain plants and financing leases for certain machinery and equipment as a lessee. There are seventeen operating lease agreements, and two finance lease agreements existed for the year ended December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The depreciable life of assets and leasehold improvements is limited by the expected lease term unless there is a transfer of title or purchase option that is reasonably certain of being exercised.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Supplemental balance sheet information related to operating lease was as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfSupplementalBalanceSheetRelatedToOperatingLeaseTableTextBlock_zoM5m71wPFnk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES AS LESSEE (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span id="xdx_8BB_zSvFkk3viY65" style="display: none">Schedule of Supplemental balance sheet information related to operating lease</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20241231_z87v7cHbTVc6" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20251231_z2loKNffjXic" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseRightOfUseAsset_iI_zj8ka9p6dyWf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; font-weight: bold; text-align: left; text-indent: -10pt">Operating lease right-of-use assets</td> <td style="width: 8%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 12%; font-weight: bold; text-align: right">1,242,524</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 8%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 12%; font-weight: bold; text-align: right">3,574,775</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--OperatingLeaseLiabilityCurrent_iI_zasjsChEHsK9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Operating lease liabilities – current</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">423,214</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">726,152</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_z8JdpxSmCFOb" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Operating lease liabilities – non-current</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">755,395</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">2,876,209</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--TotalOperatingLeaseLiabilities_iI_zFLwydKvAN38" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total operating lease liabilities</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,178,609</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,602,361</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Weighted discount rate for the operating lease</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_905_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20231231_zdgqAAbficN1" title="Weighted discount rate for the operating lease">5.00</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_907_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20241231_zulZPNuRdZL7" title="Weighted discount rate for the operating lease">3.72</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_907_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20251231_zJ1f82vOFoW" title="Weighted discount rate for the operating lease">3.55</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Weighted average remaining lease term</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_906_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtM_c20231231_zhKAgsS2U4P7" title="Weighted average remaining lease term">45</span> months</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_90C_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtM_c20241231_zkApJSAMrYI8" title="Weighted average remaining lease term">36</span> months</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_904_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtM_c20251231_zFLBhOUnLoZj" title="Weighted average remaining lease term">100</span> months</span></td> <td style="text-align: left"> </td></tr> </table> <p id="xdx_8A3_zIpIsTEIpWii" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Supplemental balance sheet information related to financing lease was as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfSupplementalBalanceSheetRelatedToFinancingLeaseTableTextBlock_zQZc6z0gb3da" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES AS LESSEE (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B2_zE36pXK2tj46" style="display: none">Schedule of Supplemental balance sheet information related to financing lease</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49C_20241231_zarNZrKinZff" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_496_20251231_zGk4nbpw2chi" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40D_eus-gaap--FinanceLeaseRightOfUseAsset_iI_zKXEvnTlOhZc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; font-weight: bold; text-align: left; text-indent: -10pt">Finance lease right-of-use assets</td> <td style="width: 8%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 12%; font-weight: bold; text-align: right">38,160</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 8%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 12%; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1668">—</span></td> <td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--FinanceLeaseLiabilityCurrent_iI_zpKy7spH27S9" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Finance lease payment liabilities-current</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1670">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1671">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--FinanceLeaseLiability_iI_zQoCjZ4LRN0f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total finance lease liabilities</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1673">—</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1674">—</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Weighted discount rate for the financing lease</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90B_eus-gaap--FinanceLeaseWeightedAverageDiscountRatePercent_iI_dp_c20231231_zu0hPwtoIORg" title="Weighted discount rate for the operating lease">3.91</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90E_eus-gaap--FinanceLeaseWeightedAverageDiscountRatePercent_iI_dp_c20241231_zV8ysonRjl2b" title="Weighted discount rate for the operating lease">3.84</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_908_eus-gaap--FinanceLeaseWeightedAverageDiscountRatePercent_iI_dp_c20251231_z66BSLTZ8kVe" title="Weighted discount rate for the operating lease">3.87</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Weighted average remaining lease term</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_906_eus-gaap--FinanceLeaseWeightedAverageRemainingLeaseTerm1_iI_dtM_c20231231_zI4DVKSotoVf" title="Weighted average remaining lease term">13</span> months</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_905_eus-gaap--FinanceLeaseWeightedAverageRemainingLeaseTerm1_iI_dtM_c20241231_zaGJNHhmP9q1" title="Weighted average remaining lease term">2</span> months</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">0 months</span></td> <td style="text-align: left"> </td></tr> </table> <p id="xdx_8A4_zRrbPU4qKWIi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> For the years ended December 31, 2023, 2024 and 2025, the lease expense was as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--LeaseCostTableTextBlock_zKUO3bQeDAx5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES AS LESSEE (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B8_zQyBL5bzzzhk" style="display: none">Schedule of lease expense</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20230101__20231231_zAjbzeMqElpa" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20240101__20241231_zKoWdzn4Xtvg" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20250101__20251231_zOkLHGUVnHHj" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseExpense_z3pUxf0K5vJ1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Operating leases expense (excluded interest)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">286,220</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">347,177</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">548,561</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--ShortTermLeaseCost_zu5lmWsIRQTh" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Short-term lease expense</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">17,564</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">29,575</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">81,801</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--VariableLeaseCost_zOZSmC86kgzg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Finance lease cost (excluded interest)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">281,849</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">293,169</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">38,844</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--LeaseInterest_zL4CpVebtjk8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Interest</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">38,583</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">37,275</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">77,196</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LeaseCost_zhVzIWWmm8D1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">624,216</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">707,196</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">746,402</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p id="xdx_8A4_zDkFd2e7S2Q9" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Because most of the leases do not provide an implicit rate of return, the Company used the incremental borrowing rate based on the information available at lease commencement date in determining the present value of lease payments.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The following is a schedule of future minimum payments under the Company’s operating leases as of December 31, 2025:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zuvk2sI3oVIj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES AS LESSEE (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B1_zPtklBBt2Kr" style="display: none">Schedule of future minimum payments</span> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_493_20251231_zPKdBZsaavXh" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="font-weight: bold; text-align: left">For the years ended December 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_iI_zdJ7E8wmZ5Nl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 57%; text-align: left; text-indent: -10pt">2026</td><td style="width: 1%; text-align: left"> </td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 30%; text-align: right">841,825</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo_iI_zsMMxPlHzpW1" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2027</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">631,390</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree_iI_zmlBUQtNZod9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2028</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">405,763</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour_iI_zkGPikFRvcU6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2029</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">249,980</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive_iI_z2FpmJRZgybe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2030</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">247,244</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive_iI_zqhU2npcZxm5" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">2031 and thereafter</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,838,077</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_zWfQ5E8NwS7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt"><span style="font-size: 10pt"><b>Total lease payments</b></span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,214,279</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_zDig9WsSxQJc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Less: imputed interest</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(611,918</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--OperatingLeaseLiability_iI_z2TYYhrqFeya" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt"><span style="font-size: 10pt"><b>Total operating lease liabilities, net of interest</b></span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,602,361</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AD_z1pUsIwg2Zwl" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_890_ecustom--ScheduleOfSupplementalBalanceSheetRelatedToOperatingLeaseTableTextBlock_zoM5m71wPFnk" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES AS LESSEE (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span id="xdx_8BB_zSvFkk3viY65" style="display: none">Schedule of Supplemental balance sheet information related to operating lease</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20241231_z87v7cHbTVc6" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20251231_z2loKNffjXic" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40C_eus-gaap--OperatingLeaseRightOfUseAsset_iI_zj8ka9p6dyWf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; font-weight: bold; text-align: left; text-indent: -10pt">Operating lease right-of-use assets</td> <td style="width: 8%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 12%; font-weight: bold; text-align: right">1,242,524</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 8%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 12%; font-weight: bold; text-align: right">3,574,775</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--OperatingLeaseLiabilityCurrent_iI_zasjsChEHsK9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Operating lease liabilities – current</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">423,214</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">726,152</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--OperatingLeaseLiabilityNoncurrent_iI_z8JdpxSmCFOb" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Operating lease liabilities – non-current</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">755,395</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">2,876,209</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40A_ecustom--TotalOperatingLeaseLiabilities_iI_zFLwydKvAN38" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total operating lease liabilities</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,178,609</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,602,361</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Weighted discount rate for the operating lease</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_905_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20231231_zdgqAAbficN1" title="Weighted discount rate for the operating lease">5.00</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_907_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20241231_zulZPNuRdZL7" title="Weighted discount rate for the operating lease">3.72</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_907_eus-gaap--OperatingLeaseWeightedAverageDiscountRatePercent_iI_dp_c20251231_zJ1f82vOFoW" title="Weighted discount rate for the operating lease">3.55</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Weighted average remaining lease term</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_906_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtM_c20231231_zhKAgsS2U4P7" title="Weighted average remaining lease term">45</span> months</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_90C_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtM_c20241231_zkApJSAMrYI8" title="Weighted average remaining lease term">36</span> months</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_904_eus-gaap--OperatingLeaseWeightedAverageRemainingLeaseTerm1_iI_dtM_c20251231_zFLBhOUnLoZj" title="Weighted average remaining lease term">100</span> months</span></td> <td style="text-align: left"> </td></tr> </table> 1242524 3574775 423214 726152 755395 2876209 1178609 3602361 0.0500 0.0372 0.0355 P45M P36M P100M <table cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfSupplementalBalanceSheetRelatedToFinancingLeaseTableTextBlock_zQZc6z0gb3da" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES AS LESSEE (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B2_zE36pXK2tj46" style="display: none">Schedule of Supplemental balance sheet information related to financing lease</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49C_20241231_zarNZrKinZff" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_496_20251231_zGk4nbpw2chi" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40D_eus-gaap--FinanceLeaseRightOfUseAsset_iI_zKXEvnTlOhZc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; font-weight: bold; text-align: left; text-indent: -10pt">Finance lease right-of-use assets</td> <td style="width: 8%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 12%; font-weight: bold; text-align: right">38,160</td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 8%; font-weight: bold"> </td> <td style="width: 1%; font-weight: bold; text-align: left"> </td> <td style="width: 12%; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1668">—</span></td> <td style="width: 1%; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_403_eus-gaap--FinanceLeaseLiabilityCurrent_iI_zpKy7spH27S9" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Finance lease payment liabilities-current</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1670">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1671">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--FinanceLeaseLiability_iI_zQoCjZ4LRN0f" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total finance lease liabilities</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1673">—</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1674">—</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Weighted discount rate for the financing lease</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90B_eus-gaap--FinanceLeaseWeightedAverageDiscountRatePercent_iI_dp_c20231231_zu0hPwtoIORg" title="Weighted discount rate for the operating lease">3.91</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_90E_eus-gaap--FinanceLeaseWeightedAverageDiscountRatePercent_iI_dp_c20241231_zV8ysonRjl2b" title="Weighted discount rate for the operating lease">3.84</span></td> <td style="width: 1%; text-align: left">%</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span id="xdx_908_eus-gaap--FinanceLeaseWeightedAverageDiscountRatePercent_iI_dp_c20251231_z66BSLTZ8kVe" title="Weighted discount rate for the operating lease">3.87</span></td> <td style="width: 1%; text-align: left">%</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Weighted average remaining lease term</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_906_eus-gaap--FinanceLeaseWeightedAverageRemainingLeaseTerm1_iI_dtM_c20231231_zI4DVKSotoVf" title="Weighted average remaining lease term">13</span> months</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt"><span id="xdx_905_eus-gaap--FinanceLeaseWeightedAverageRemainingLeaseTerm1_iI_dtM_c20241231_zaGJNHhmP9q1" title="Weighted average remaining lease term">2</span> months</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="font-size: 10pt">0 months</span></td> <td style="text-align: left"> </td></tr> </table> 38160 0.0391 0.0384 0.0387 P13M P2M <table cellpadding="0" cellspacing="0" id="xdx_896_eus-gaap--LeaseCostTableTextBlock_zKUO3bQeDAx5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES AS LESSEE (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B8_zQyBL5bzzzhk" style="display: none">Schedule of lease expense</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20230101__20231231_zAjbzeMqElpa" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_492_20240101__20241231_zKoWdzn4Xtvg" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20250101__20251231_zOkLHGUVnHHj" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_401_eus-gaap--OperatingLeaseExpense_z3pUxf0K5vJ1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Operating leases expense (excluded interest)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">286,220</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">347,177</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">548,561</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--ShortTermLeaseCost_zu5lmWsIRQTh" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Short-term lease expense</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">17,564</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">29,575</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">81,801</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--VariableLeaseCost_zOZSmC86kgzg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Finance lease cost (excluded interest)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">281,849</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">293,169</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">38,844</td> <td style="text-align: left"> </td></tr> <tr id="xdx_404_ecustom--LeaseInterest_zL4CpVebtjk8" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Interest</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">38,583</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">37,275</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">77,196</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--LeaseCost_zhVzIWWmm8D1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">624,216</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">707,196</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">746,402</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> 286220 347177 548561 17564 29575 81801 281849 293169 38844 38583 37275 77196 624216 707196 746402 <table cellpadding="0" cellspacing="0" id="xdx_890_eus-gaap--LesseeOperatingLeaseLiabilityMaturityTableTextBlock_zuvk2sI3oVIj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - LEASES AS LESSEE (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B1_zPtklBBt2Kr" style="display: none">Schedule of future minimum payments</span> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_493_20251231_zPKdBZsaavXh" style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="font-weight: bold; text-align: left">For the years ended December 31,</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Amount</td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: left"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_405_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueNextRollingTwelveMonths_iI_zdJ7E8wmZ5Nl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 57%; text-align: left; text-indent: -10pt">2026</td><td style="width: 1%; text-align: left"> </td><td style="width: 10%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 30%; text-align: right">841,825</td><td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearTwo_iI_zsMMxPlHzpW1" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2027</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">631,390</td><td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearThree_iI_zmlBUQtNZod9" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2028</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">405,763</td><td style="text-align: left"> </td></tr> <tr id="xdx_409_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFour_iI_zkGPikFRvcU6" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2029</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">249,980</td><td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueInRollingYearFive_iI_z2FpmJRZgybe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">2030</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">247,244</td><td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDueAfterRollingYearFive_iI_zqhU2npcZxm5" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">2031 and thereafter</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">1,838,077</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--LesseeOperatingLeaseLiabilityPaymentsDue_iI_zWfQ5E8NwS7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt"><span style="font-size: 10pt"><b>Total lease payments</b></span></td><td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left"> </td><td style="font-weight: bold; text-align: right">4,214,279</td><td style="font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--LesseeOperatingLeaseLiabilityUndiscountedExcessAmount_iNI_di_zDig9WsSxQJc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Less: imputed interest</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td style="border-bottom: Black 1pt solid; text-align: right">(611,918</td><td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_404_eus-gaap--OperatingLeaseLiability_iI_z2TYYhrqFeya" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt"><span style="font-size: 10pt"><b>Total operating lease liabilities, net of interest</b></span></td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,602,361</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 841825 631390 405763 249980 247244 1838077 4214279 611918 3602361 <p id="xdx_80B_ecustom--OtherIncomeDisclosureTextBlock_z6sf3dLCySN" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>14.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_82E_z46S64QL5fD5">OTHER INCOME, NET</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 32.35pt; text-align: justify; text-indent: -32.35pt">Other income, net consists of the following:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 32.35pt; text-align: justify; text-indent: -32.35pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 32.35pt; text-align: justify; text-indent: -32.35pt"></p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock_zfyXeOSAWQAc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - OTHER INCOME, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B8_zlWotLpmKvw8" style="display: none">Schedule of Other income, net</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20230101__20231231_zsC7QlkSSfo1" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20240101__20241231_zjElsnlAcIHe" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49A_20250101__20251231_za0v4HaUkPJi" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40A_ecustom--GovernmentGrants_zgmR3xuTEeOi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Government grants ⁽¹⁾</span></td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(165,665</td> <td style="width: 1%; text-align: left">)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(289,629</td> <td style="width: 1%; text-align: left">)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(267,927</td> <td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--RentalIncomeLessorLease_iN_di_zRvpWlSXs3Yb" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Rental income (lessor lease)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(207,857</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(186,223</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(243,986</td> <td style="text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--IncomelossFromDisposalOfScrapMaterials_iN_di_zasanLpHG9R1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">(Income)/loss from disposal of scrap materials</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(51,289</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(10,698</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">67,983</td> <td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--DerecognitionOfAccountsPayable_iN_di_zghWIU6euAu9" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Derecognition of accounts payable ⁽²⁾</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1746">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1747">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(75,588</td> <td style="text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--OtherNoncashIncomeExpense_iN_di_zKsaSqq9sTzc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Other (income)/expenses</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(9,220</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">12,202</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(35,925</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--OtherOperatingIncomeExpenseNet_z375c848gTmi" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(434,031</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(474,348</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(555,443</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(1)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Government grants mainly represent the subsidies for researching and development activity and improvement of production technology.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(2)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Derecognition of accounts payable represent liabilities that have been confirmed as settled.</span></td></tr> </table> <p id="xdx_8A9_znoggqwT7Nc4" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_eus-gaap--ScheduleOfOtherNonoperatingIncomeExpenseTableTextBlock_zfyXeOSAWQAc" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - OTHER INCOME, NET (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B8_zlWotLpmKvw8" style="display: none">Schedule of Other income, net</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20230101__20231231_zsC7QlkSSfo1" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20240101__20241231_zjElsnlAcIHe" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49A_20250101__20251231_za0v4HaUkPJi" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40A_ecustom--GovernmentGrants_zgmR3xuTEeOi" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Government grants ⁽¹⁾</span></td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(165,665</td> <td style="width: 1%; text-align: left">)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(289,629</td> <td style="width: 1%; text-align: left">)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(267,927</td> <td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40D_ecustom--RentalIncomeLessorLease_iN_di_zRvpWlSXs3Yb" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Rental income (lessor lease)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(207,857</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(186,223</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(243,986</td> <td style="text-align: left">)</td></tr> <tr id="xdx_40A_ecustom--IncomelossFromDisposalOfScrapMaterials_iN_di_zasanLpHG9R1" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">(Income)/loss from disposal of scrap materials</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(51,289</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(10,698</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">67,983</td> <td style="text-align: left"> </td></tr> <tr id="xdx_403_ecustom--DerecognitionOfAccountsPayable_iN_di_zghWIU6euAu9" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Derecognition of accounts payable ⁽²⁾</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1746">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl1747">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(75,588</td> <td style="text-align: left">)</td></tr> <tr id="xdx_403_eus-gaap--OtherNoncashIncomeExpense_iN_di_zKsaSqq9sTzc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Other (income)/expenses</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(9,220</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">12,202</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(35,925</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_401_eus-gaap--OtherOperatingIncomeExpenseNet_z375c848gTmi" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(434,031</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(474,348</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">(555,443</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left">)</td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(1)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Government grants mainly represent the subsidies for researching and development activity and improvement of production technology.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%"> <tr style="vertical-align: top"> <td style="width: 0px"> </td> <td style="width: 24px"><span style="font-size: 10pt">(2)</span></td> <td style="text-align: justify"><span style="font-size: 10pt">Derecognition of accounts payable represent liabilities that have been confirmed as settled.</span></td></tr> </table> -165665 -289629 -267927 207857 186223 243986 51289 10698 -67983 75588 9220 -12202 35925 -434031 -474348 -555443 <p id="xdx_803_eus-gaap--CommitmentsAndContingenciesDisclosureTextBlock_zWrOKjX9q2z5" style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify; text-indent: -18pt"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>15.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_826_zEHyzRXpY514">COMMITMENTS AND CONTINGENCIES</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company follows subtopic 450-20 of the FASB Accounting Standards Codification to report accounting for contingencies. Certain conditions may exist as of the date the consolidated financial statements are issued, which may result in a loss to the Company, but which will only be resolved when one or more future events occur or fail to occur. The Company assesses such contingent liabilities, and such assessment inherently involves an exercise of judgment.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Except for leases which were disclosed in note 13, there are not any other known commitments or contingencies as of December 31, 2025.</p> <p id="xdx_80C_ecustom--OrdinarySharesTextBlock_zdTHPFm1zPPa" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>16.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_82B_zatYi69XHVc9">ORDINARY SHARES</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As of March 28, 2023, the date of the completion of reorganization, the Company was authorized to issue <span id="xdx_90F_ecustom--CommonStockShareAuthorized_iI_c20230328_zMYT5q6pYftg" title="Ordinary stock, share authorized">500,000,000</span> Ordinary Shares with a par value of $<span id="xdx_903_ecustom--CommonStockParOrStatedValuePerShares_iI_c20230328_z9mepdFVSvld" title="Ordinary stock, par value">0.0001</span> each, and there was <span id="xdx_90F_ecustom--OrdinarySharesIssued_iI_c20230328_zHClwIIYbTW8" title="Ordinary Shares issued"><span id="xdx_908_ecustom--OrdinarySharesOutstanding_iI_c20230328_z90TyjkRWg9k" title="Ordinary Shares outstanding">10,000,000</span></span> Ordinary Shares issued and outstanding.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 19, 2023, <span id="xdx_908_ecustom--OrdinarySharesDescription_c20230601__20230619_zJRJuteQnyR2" title="Ordinary shares description">the Company subdivided the authorized and issued share capital of the Company on a 1:2 basis such that the authorized share capital of the Company was amended from US$50,000 divided into 500,000,000 Ordinary Shares of a par value of US$0.0001 each, to US$50,000 divided into 1,000,000,000 Ordinary Shares of a par value of US$0.00005 each.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 6, 2024, <span id="xdx_904_ecustom--OrdinarySharesDescription_c20240601__20240606_zOlslz5d84F5" title="Ordinary shares description">the Company subdivided the authorized and issued share capital of the Company on a 1:3 basis such that the authorized share capital of the Company was amended from US$50,000 divided into 1,000,000,000 Ordinary Shares of a par value of US$0.00005 each, to US$50,000 divided into 3,000,000,000 Ordinary Shares of a par value of US$0.000016666667 each</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 1, 2024, the Company consummated the sale of <span id="xdx_906_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_c20240928__20241002_zT9dbytAEbni" title="Sale of stock, shares">1,250,000</span> ordinary shares at a price of $<span id="xdx_90E_eus-gaap--SharePrice_iI_c20241002_zk5f3cmedgze" title="Share price">5.00</span> per share. The gross proceeds to the Company from the IPO, before deducting commissions, expense allowance, and expenses, were $<span id="xdx_907_eus-gaap--ProceedsFromIssuanceOfCommonStock_c20240928__20241002_zVIp4Whhw1uf" title="Proceeds from issuance of shares">6,250,000</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 30, 2024, the Company closed on the partial exercise of the over-allotment option by Cathay Securities, Inc. in connection with the IPO, to purchase an additional <span id="xdx_908_ecustom--PurchaseOfAdditionalShares_c20241001__20241030_zTZcSmeSJVO7" title="Purchase of additional shares">131,249</span> ordinary shares at the price of $5.00 per share. As a result, the Company has raised gross proceeds of $<span id="xdx_905_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20241001__20241030_zvIl8yYvnKH8" title="Proceeds from issuance of ipo">656,245</span>, in addition to the IPO gross proceeds of $<span id="xdx_907_eus-gaap--ProceedsFromIssuanceOfCommonStock_c20240928__20241002_zdYdR40kbrM4" title="Proceeds from issuance of shares">6,250,000</span>, or combined gross proceeds in the IPO of $<span id="xdx_907_ecustom--UnderwritingDiscounts_iI_c20241030_zZ5PnGUexDH1" title="Underwriting discounts">6,906,245</span>, before underwriting discounts and commissions and offering expenses.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 30, 2025, an external consultant was granted <span id="xdx_90A_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20250428__20250430_zZDTZYbgftjj" title="Shares granted">1,800,000</span> restricted ordinary shares in consideration for strategic advisory services. Pursuant to the service agreement, all of the shares were issued on June 20, 2025 and are subject to a six-month lock-up restriction. The grant is subject to a two-year service period commencing on April 30, 2025, and, accordingly, the Company recognized compensation expense for eight months of the requisite service period as of December 31, 2025. On August 28, 2025, the Company and the external consultant entered into a supplemental amendment agreement, pursuant to which the service period was extended to five years, ending on April 29, 2030. Accordingly, the Company recognized compensation expense for the first four months of the service period based on the original two-year term. From the amendment date, the remaining unamortized expense is being recognized over the remaining revised service period ending April 29, 2030. (Note 21).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 16, <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">2025, six employees were granted 641,000 restricted ordinary shares. Pursuant to the award agreements, all of the shares were issued on October 16, 2025 and are subject to a six-month lock-up restriction. The restricted shares are subject to a five-year service period commencing on October 16, 2025, and accordingly, the Company recognized compensation expense for two and a half months of the requisite service period as of December 31, 2025. (Note 21)</span>.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result, there were <span id="xdx_90C_ecustom--OrdinarySharesOutstanding_iI_c20251231_z0W76ITDLcAc" title="Ordinary Shares outstanding">63,822,249</span> Ordinary Shares of par value US$0.000016666667 issued and outstanding as of December 31, 2025. The shares and per share information are presented on a retroactive basis for the periods presented according to ASC 260-10-55, to reflect the reorganization completed on March 28, 2023, the two share splits that occurred on June 19, 2023 and June 6, 2024 as if these events had occurred at the beginning of the earliest period presented.</p> 500000000 0.0001 10000000 10000000 the Company subdivided the authorized and issued share capital of the Company on a 1:2 basis such that the authorized share capital of the Company was amended from US$50,000 divided into 500,000,000 Ordinary Shares of a par value of US$0.0001 each, to US$50,000 divided into 1,000,000,000 Ordinary Shares of a par value of US$0.00005 each. the Company subdivided the authorized and issued share capital of the Company on a 1:3 basis such that the authorized share capital of the Company was amended from US$50,000 divided into 1,000,000,000 Ordinary Shares of a par value of US$0.00005 each, to US$50,000 divided into 3,000,000,000 Ordinary Shares of a par value of US$0.000016666667 each 1250000 5.00 6250000 131249 656245 6250000 6906245 1800000 63822249 <p id="xdx_80E_ecustom--StatutorySurplusReservesRestrictedNetAssetsTextBlock_zOUP2N9IWUnb" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>17.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_828_zdQpVmMFSZYe">STATUTORY SURPLUS RESERVES AND RESTRICTED NET ASSETS</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">i) Statutory Surplus Reserves</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Pursuant to laws applicable to entities incorporated in the PRC, the Company is required to make appropriations to certain reserve funds, comprising the statutory surplus reserve and the discretionary surplus reserve, based on after-tax net income determined in accordance with generally accepted accounting principles of the PRC (“PRC GAAP”). Appropriations to the statutory surplus reserve are required to be at least 10% of the after-tax net income determined in accordance with PRC GAAP until the reserve is equal to 50% of the entity’s registered capital. Appropriations to the discretionary surplus reserve are made at the discretion of the Board of Directors. And as of December 31, 2024 and 2025, the Company did not have discretionary surplus reserve. As of December 31, 2024 and 2025, statutory reserve provided were US$<span id="xdx_90F_eus-gaap--StatutoryAccountingPracticesStatutoryNetIncomeAmount_c20240101__20241231_zD5yrgy9S06i" title="Statutory reserve">2,658,112</span> and US$<span id="xdx_900_eus-gaap--StatutoryAccountingPracticesStatutoryNetIncomeAmount_c20250101__20251231_zjsg8WhMf94g" title="Statutory reserve">2,662,115</span>, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">ii) Restricted Net Assets</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of PRC laws and regulations and the requirement that distributions by PRC Entities can only be paid out of distributable profits computed in accordance with PRC GAAP, the PRC Entities are restricted from transferring a portion of their net assets to the Company. Amounts restricted include paid-in capital and the statutory reserves of the Company’s PRC subsidiaries. The aggregate amounts of capital and statutory reserves restricted which represented the amount of net assets of the relevant subsidiaries in the Company not available for distribution was RMB25,<span id="xdx_90E_ecustom--StatutoryReserves_iI_uRMB_c20241231_zld6TOkUmHjb" title="Statutory reserves">300,985</span> (equivalent to US$<span id="xdx_90B_ecustom--StatutoryReserves_iI_uUSD_c20241231_zwUnSoj8kKBl" title="Statutory reserves">3,601,680</span>) and RMB<span id="xdx_906_ecustom--StatutoryReserves_iI_uRMB_c20251231_zBcXyoyaH5fc" title="Statutory reserves">26,024,443</span> (equivalent to US$<span id="xdx_901_ecustom--StatutoryReserves_iI_uUSD_c20251231_z9n71rpwsJHh" title="Statutory reserves">3,704,056</span>) as of December 31, 2024 and 2025, respectively.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Under PRC laws and regulations, statutory surplus reserves are restricted to set-off against losses, expansion of production and operation and increasing registered capital of the respective company and are not distributable other than upon liquidation. The reserves are not allowed to be transferred to the Company in terms of cash dividends, loans or advances, nor allowed for distribution except under liquidation.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">iii) Dividends</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Dividends declared by the Company are based on the distributable profits as reported in its statutory financial statements reported in accordance with PRC GAAP, which may differ from the results of operations reflected in the consolidated financial statements prepared in accordance with U.S. GAAP. The Company’s ability to pay dividends is primarily from cash received from its operating activities in the PRC. For the years ended December 31, 2023, 2024 and 2025, no dividends were declared or paid by the Company.</p> 2658112 2662115 300985 3601680 26024443 3704056 <p id="xdx_80C_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_zPxWScJBerEf" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>18.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_82D_zL9I3VICPp05">RELATED PARTY TRANSACTIONS</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Related parties:</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_esrt--SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock_zCEoLKKHq1L6" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - RELATED PARTY TRANSACTIONS (Details)"> <tr style="display: none; background-color: White"> <td style="border-right: black 1pt solid; border-left: black 1pt solid; display: none; text-align: justify"><span id="xdx_8BD_zxIDP7EeQJi6" style="display: none">Schedule of Related parties </span></td> <td style="border-right: black 1pt solid; display: none; text-align: justify"> </td></tr> <tr style="display: none; vertical-align: top"> <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; text-align: justify"> </td> <td style="border-top: black 1pt solid; border-right: black 1pt solid; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="border: black 1pt solid; width: 46%; text-align: justify"><span style="font-size: 10pt"><b>Name of related parties</b></span></td> <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 54%; text-align: justify"><span style="font-size: 10pt"><b>Relationship with the Company</b></span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">PSM-ZJK</span></td> <td id="xdx_987_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PSMZJKMember_zEPGziC5BL5a" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">An equity investee of the Zhongjinke Shenzhen </span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">ZhongJinKe Fastener CO.,Ltd</span></td> <td id="xdx_980_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ZhongJinKeFastenerCOMember_zBbZXPmX0cl" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Controlled by Jieke Zhu</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Shenzhen Qianhaishi Micro Science Co., Ltd</span></td> <td id="xdx_98D_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ShenzhenQianhaishiMicroScienceCoMember_zfBAplmbmLhk" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Controlled by Kai Huang</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Ning Ding</span></td> <td id="xdx_986_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NingDingMember_zeAYgo2YwsGk" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Chief Executive Officer, Chief Financial Officer <span style="font-family: Times New Roman, Times, Serif">and a Director of the Company</span></span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Kai Huang</span></td> <td id="xdx_98F_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--KaiHuangMember_zkxcMGnBjvW4" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Director <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and former Chief Financial officer of the Company</span></span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Kai Ding</span></td> <td id="xdx_982_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--KaiDingMember_zM2Y8nnyTALi" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> </table> <p style="margin: 0"> </p> <p style="margin: 0"></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: rgb(204,238,255)"> <td style="border: Black 1pt solid; text-align: justify; width: 46%"><span style="font-size: 10pt">Dongxin Zhou</span></td> <td id="xdx_98D_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--DongxinZhouMember_zhNTG8yR3P1e" style="border: Black 1pt solid; text-align: justify; width: 54%" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Jieke Zhu</span></td> <td id="xdx_98A_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JiekeZhuMember_zwNnuxNTVfea" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Minghui Zhu</span></td> <td id="xdx_981_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MinghuiZhuMember_z6RoH9gEkARk" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Father of Jieke Zhu</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Huiming Liu</span></td> <td id="xdx_98E_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HuimingLiuMember_zsFxVVLbfJy5" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Chaoyong Xu</span></td> <td id="xdx_981_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChaoyongXuMember_zeMadA9Rlmif" style="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Qianrui Ding</span></td> <td id="xdx_982_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--QianruiDingMember_zGWghyf2cta9" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Daughter of Ning Ding</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Baozhen Zhu</span></td> <td id="xdx_989_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BaozhenZhuMember_zGg1kXaTF8ob" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Wife of Ning Ding</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Meigui Zeng</span></td> <td id="xdx_98A_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MeiguiZengMember_zAEKjNhDkepi" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Wife of Huiming Liu</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">DNR TECHNOLOGY CO., LTD.</span></td> <td id="xdx_983_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--DnrTechnologyMember_zyYRM9dNd1j9" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">NEWMICRO HOLDING LIMITED</span></td> <td id="xdx_98F_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewMicroMember_z0CK4OMPtzU7" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">JINSHAN INTERNATIONAL INVESTMENT CO.,LTD.</span></td> <td id="xdx_981_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JinshanMember_zoaBjyVS6wS3" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">KKD HOLDING LIMITED.</span></td> <td id="xdx_983_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--KKDHoldingMember_zJ4SjirS2R2h" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">VIMISCI HOLDING LIMITED</span></td> <td id="xdx_981_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VIMISCIMember_zKz5IJbtLonh" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p id="xdx_8A4_zTw0rMFU269f" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>i) Related party balances</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Accounts receivable-due from a related party:</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfAccountsReceivableDueFromRelatedPartyTableTextBlock_zObbcEtURMXi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY TRANSACTIONS (Details 1)"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt"> <span id="xdx_8B8_zu8ayr2gH2W7" style="display: none">Schedule of Accounts receivable-due from a related party</span> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Name of related party</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">PSM ZJK</td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_98D_ecustom--AccountsReceivabledueFromRelatedParty_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_ztmJF0vc5DAi" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total">9,165,068</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_98D_ecustom--AccountsReceivabledueFromRelatedParty_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zAxeW7s1N3sj" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total">11,227,799</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_988_ecustom--AccountsReceivabledueFromRelatedParty_iI_c20241231_zvQmL7m94Sy7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">9,165,068</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_987_ecustom--AccountsReceivabledueFromRelatedParty_iI_c20251231_zbjdYIsWZ23b" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">11,227,799</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p id="xdx_8AD_zEZB4Wcffpfk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Other receivables-due from related parties:</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfOtherReceivablesDueFromRelatedPartyTableTextBlock_zKxIObxyYLIe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY TRANSACTIONS (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BB_zFbVUcoLKS5f" style="display: none">Schedule of Other receivables-due from related parties</span></td> <td> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td> </td> <td style="text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Name of related parties</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">Nature</td> <td> </td> <td colspan="3" style="text-align: center"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 29%; text-align: left; text-indent: -10pt">Baozhen Zhu</td> <td style="width: 2%"> </td> <td style="width: 34%; text-align: left">Loan to related parties</td> <td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_988_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--BaozhenZhuMember_zdTvDB2Ydok3" style="width: 12%; text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1862">—</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98E_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--BaozhenZhuMember_zXXsH1WxcYXh" style="width: 12%; text-align: right" title="Total">5,152</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Meigui Zeng</td> <td> </td> <td style="text-align: left">Loan to related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--MeiguiZengMember_zzTlabSe69al" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1866">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--MeiguiZengMember_z4r8Koxd5y59" style="text-align: right" title="Total">5,152</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dongxin Zhou</td> <td> </td> <td style="text-align: left">Loan to related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_z7LAk5tD7sLj" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1870">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_z4mvOgSJZcD8" style="text-align: right" title="Total">2,145</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Huang</td> <td> </td> <td style="text-align: left">Loan to related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zYlP7eu0uCIl" style="text-align: right" title="Total">68,500</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zq6Kh3zH0rRf" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1876">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">PSM-ZJK</td> <td> </td> <td style="text-align: left">Utility bills paid on behalf of a related party</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zDiIooku7G1f" style="text-align: right" title="Total">1,097</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zwy0Kl1oKhb6" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1880">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zVAQqguhmdzh" style="text-align: right" title="Total">179,246</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zAwMPGVDIh6k" style="text-align: right" title="Total">489,645</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Chaoyong Xu</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_zXujOeLVxp9h" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1886">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_zO8teQBBT4Nk" style="text-align: right" title="Total">37,992</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Huiming Liu</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--HuimingLiuMember_zs9456P3GqVc" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1890">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--HuimingLiuMember_zLER6ZAUUYj4" style="text-align: right" title="Total">37,992</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Jieke Zhu</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_988_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zr4g8NvPMqCj" style="text-align: right" title="Total">392</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zlIklKF1Xig9" style="text-align: right" title="Total">5,717</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dongxin Zhou</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhou1Member_zrkC0IhKBmt1" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1898">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_988_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhou1Member_zrJrZEF7IAl5" style="text-align: right" title="Total">5,584</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_z25ZyyBZhMXl" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1902">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zRhkJuFGOIOk" style="text-align: right" title="Total">5,198</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">DNR TECHNOLOGY CO., LTD.</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--DnrTechologyMember_zXXyTZyhWM3c" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1906">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--DnrTechologyMember_zUCXxDZpTGC6" style="text-align: right" title="Total">2,628</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">NEWMICRO HOLDING LIMITED</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NewMicroHoldingMember_zouzoyq1NCO3" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1910">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NewMicroHoldingMember_zbGZgHU1wJV9" style="text-align: right" title="Total">150</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">JINSHAN INTERNATIONAL INVESTMENT CO.,LTD.</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--JinsanMember_zvTq8P5j6bm2" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1914">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_988_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--JinsanMember_zDktLN1HT4Dl" style="text-align: right" title="Total">150</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">KKD HOLDING LIMITED.</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KKDHoldingMember_zzvq4T8gMXj1" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1918">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KKDHoldingMember_zhWT4MAoYHkf" style="text-align: right" title="Total">915</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">VIMISCI HOLDING LIMITED</td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: left; padding-bottom: 1pt">Expenses paid on behalf of related parties</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_980_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--VIMISCIMember_zEenEdyddt07" style="border-bottom: Black 1pt solid; text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1922">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98F_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--VIMISCIMember_zOqM7GEWESYb" style="border-bottom: Black 1pt solid; text-align: right" title="Total">47</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_984_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231_zCUWtbBTtbOh" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">249,235</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_980_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231_z7Tlty1rYI3i" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">598,467</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A0_zXKhQQd4lV7d" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The balances of loans to Baozhen Zhu, Meigui Zeng, Dongxin Zhou and other receivables due from Ning Ding, Chaoyong Xu, Huiming Liu, Jieke Zhu, Dongxin Zhou and Kai Ding have been fully collected as of the date the financial statements were issued. The Company expects to collect other receivables due from DNR TECHNOLOGY CO., LTD., NEWMICRO HOLDING LIMITED, JINSHAN INTERNATIONAL INVESTMENT CO.,LTD., KKD HOLDING LIMITED. and VIMISCI HOLDING LIMITED before December 2026, according to the historical collection of other receivables and loans due from related parties.   </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Other payables-due to related parties:</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i></i></b></p> <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfOtherPayableDueToRelatedPartyTableTextBlock_zAi3gDUdW8T5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY TRANSACTIONS (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BA_zBbpJFKsPVY7" style="display: none">Schedule of Other receivables-due from related parties</span></td><td> </td> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Name of related parties</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">Nature</td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 29%; text-align: left; text-indent: -10pt">Ning Ding</td><td style="width: 2%"> </td> <td style="width: 34%; text-align: left">Sales Compensation</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zBDEPpeFPUwd" style="width: 12%; text-align: right" title="Total">1,497,596</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_z3doqFwnLpv" style="width: 12%; text-align: right" title="Total">1,665,314</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td><td> </td> <td style="text-align: left">Sales Compensation</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_z4m5pHOBTpQf" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1938">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zK7LHc53fiOb" style="text-align: right" title="Total">306,666</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Huang</td><td> </td> <td style="text-align: left">Loan from related parties</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zb761Jodxryd" style="text-align: right" title="Total">136,999</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zCsu4ZVaBEL" style="text-align: right" title="Total">142,998</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td><td> </td> <td style="text-align: left">Loan from related parties</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDing1Member_zEYy5XkAUM3j" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1946">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDing1Member_zm4yDSNVlVQ9" style="text-align: right" title="Total">108,691</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td><td> </td> <td style="text-align: left">Expenses paid on behalf of the Company</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDing2Member_zYtNEcNvwmy1" style="text-align: right" title="Total">89,540</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDing2Member_zF5fpbJ1vade" style="text-align: right" title="Total">95,055</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">ZhongJinKe Fastener CO.,Ltd</td><td> </td> <td style="text-align: left">Expenses paid on behalf of the Company</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--ZhongJinKeFastenerCOMember_zLlFolFWjBxk" style="text-align: right" title="Total">51,320</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--ZhongJinKeFastenerCOMember_zikyqDnSlxY6" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1956">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Jieke Zhu</td><td> </td> <td style="text-align: left">Expenses paid on behalf of the Company</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_z5cZz1H5QjZi" style="text-align: right" title="Total">290</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zPKgyP1VIJre" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1960">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td><td> </td> <td style="text-align: left">Expenses paid on behalf of the Company</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDing1Member_z3NUCJN6lT7" style="text-align: right" title="Total">2,430</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDing1Member_zTLU7aX2ytu" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1964">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Qianrui Ding</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left; padding-bottom: 1pt">Services provided by related parties</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--QianruiDingMember_zaXNMGeMwWYh" style="border-bottom: Black 1pt solid; text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1966">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--QianruiDingMember_zMeAJYJjQJ8d" style="border-bottom: Black 1pt solid; text-align: right" title="Total">3,500</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; font-weight: bold; text-indent: -10pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_984_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231_zucu7B344wBg" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">1,778,175</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_983_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231_zrY9axw7p9qf" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">2,322,224</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i></i></b></p> <p id="xdx_8AC_zkJIn6aJQBEc" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>ii) Related party transactions:</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company mainly entered into the following transactions with related parties:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_zNOOirutzIwj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY TRANSACTIONS (Details 4)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B3_zNtocO2GrJPe" style="display: none">Schedule of related parties</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Related party sales</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">PSM ZJK</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_987_eus-gaap--RelatedPartiesAmountInCostOfSales_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zKuwYtsphqo6" style="width: 11%; text-align: right" title="Related party sales">15,093,811</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98F_eus-gaap--RelatedPartiesAmountInCostOfSales_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zDbS0JE0zay" style="width: 11%; text-align: right" title="Related party sales">16,559,102</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_986_eus-gaap--RelatedPartiesAmountInCostOfSales_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_z7On9IiMFU5" style="width: 11%; text-align: right" title="Related party sales">20,375,169</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Sales Compensation</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--SalesCompensation_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zsuHe3sYEHF2" style="text-align: right" title="Sales Compensation">1,149,836</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_ecustom--SalesCompensation_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_z6qZgFIp3C6" style="text-align: right" title="Sales Compensation">1,073,615</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--SalesCompensation_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zMLRP4eXISkd" style="text-align: right" title="Sales Compensation">889,814</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_ecustom--SalesCompensation_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zv8dS4iCeNi7" style="text-align: right" title="Sales Compensation">35,784</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_ecustom--SalesCompensation_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zUoovke0lVhl" style="text-align: right" title="Sales Compensation">292,141</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--SalesCompensation_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_z5YClqJLy374" style="text-align: right" title="Sales Compensation">434,549</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Loans to related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_ziOdZsHOVNs3" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl1994">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zOtj13PmGcLg" style="text-align: right" title="Loans to related parties">(73,451</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zv2rPx7IDUJb" style="text-align: right" title="Loans to related parties">(69,727</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Baozhen Zhu</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--BaozhenZhuMember_zppdcglcirU5" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2000">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--BaozhenZhuMember_zlojeJN4KTQg" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2002">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--BaozhenZhuMember_zJPM8StzE8ej" style="text-align: right" title="Loans to related parties">(5,152</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Meigui Zeng</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--MeiguiZengMember_zh18fQADgjkd" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2006">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--MeiguiZengMember_zSfWSgBWuEhe" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2008">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--MeiguiZengMember_zDEt1faEevF" style="text-align: right" title="Loans to related parties">(5,152</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dongxin Zhou</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zbCPUax6C1O3" style="text-align: right" title="Loans to related parties">(14,105</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zVx4qFrIY9Dh" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2014">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_z1fmd9UCUttl" style="text-align: right" title="Loans to related parties">(2,092</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_ztG4uC59UOt4" style="text-align: right" title="Loans to related parties">(202,348</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zWZO7ENePC6h" style="text-align: right" title="Loans to related parties">(412,129</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zlz0M1Ub33ik" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2022">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Huang</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zBToEvy5qKee" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2024">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zJ8yX5PO7Eje" style="text-align: right" title="Loans to related parties">(69,509</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zjxxvBNlbhXd" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2028">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">PSM-ZJK</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(37,020</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_z4mZSGvgLY2h" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2030">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240401__20240630__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zX521js3gWh5" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2032">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Loan from related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--LoansFromRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zt3mO7jMgFR8" style="text-align: right" title="Loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2034">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--LoansFromRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zequPJXv8jL3" style="text-align: right" title="Loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2036">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--LoansFromRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_z3U3Z4SAbHH8" style="text-align: right" title="Loans from related parties">383,318</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Repayments of loans from related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zVRCrFAxwbe9" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2040">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_z2f7BwglY0hc" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2042">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zjInhOcSd5Lh" style="text-align: right" title="Repayments of loans from related parties">(276,752</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Shenzhen Qianhaishi Micro Science Co., Ltd</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--ShenzhenQianhaishiMicroScienceCoMember_zaMGhKUBUjt6" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2046">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--ShenzhenQianhaishiMicroScienceCoMember_z2gMpYat9VXh" style="text-align: right" title="Repayments of loans from related parties">(83,411</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_zGY3xCke3at2" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2050">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Chaoyong Xu</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_zvpIw0YkDJQ2" style="text-align: right" title="Repayments of loans from related parties">(33,133</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_z49BWHeVdSLh" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2054">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_zQDKRAotN6z8" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2056">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Huiming Liu</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--HuimingLiuMember_z8ixld7tzpPk" style="text-align: right" title="Repayments of loans from related parties">(28,210</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--HuimingLiuMember_zSLfFczA24dl" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2060">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--HuimingLiuMember_zaJ9vMqfLWg" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2062">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Jieke Zhu</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zbIwA5XU0Hl9" style="text-align: right" title="Repayments of loans from related parties">(2,412</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zvw4SR0mdmzg" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2066">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zXglBN5qE3ch" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2068">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dongxin Zhou</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zszCzw6RWo2d" style="text-align: right" title="Repayments of loans from related parties">(2,073</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zDVnSIlYTYM5" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2072">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zJlnRgMMFU1" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2074">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Collection of loans to related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zPU3khglj69a" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2076">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_znxf4xmrssGk" style="text-align: right" title="Collection of loans to related parties">73,451</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zDxXox34sf0i" style="text-align: right" title="Collection of loans to related parties">69,727</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Huang</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_z8sEW3eTx4k2" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2082">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zleFVkcsnBj8" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2084">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zk3yGuiboqYc" style="text-align: right" title="Collection of loans to related parties">70,512</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zr5QrxioyU9i" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2088">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zFlK2dFHQkE3" style="text-align: right" title="Collection of loans to related parties">472,518</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zNjLh4iyCwt5" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2092">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">PSM-ZJK</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zSSxlHUM7TI3" style="text-align: right" title="Collection of loans to related parties">37,020</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zjOm210uJI0e" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2096">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zHIsb5LgnE8h" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2098">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dongxin Zhou</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zJvUXn0JtPbg" style="text-align: right" title="Collection of loans to related parties">14,105</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zsMpR4Prte88" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2102">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zETIZmcrP63h" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2104">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Proceeds from loans from related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zI5o7elxVeee" style="text-align: right" title="Proceeds from loans from related parties">141,052</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zANjW5Ry0FB1" style="text-align: right" title="Proceeds from loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2108">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zhqKDNcwv1v3" style="text-align: right" title="Proceeds from loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2110">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Huang</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zv7Wa5zzuHq3" style="text-align: right" title="Proceeds from loans from related parties">141,052</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zgAODPKVTZAg" style="text-align: right" title="Proceeds from loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2114">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zxFwNM5U4d3f" style="text-align: right" title="Proceeds from loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2116">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Rental income</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">PSM-ZJK</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--RentalIncomeNonoperating_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_ztnJGnC7c8jg" style="text-align: right" title="Rental income">70,773</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--RentalIncomeNonoperating_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zd7o0DCNx0Ub" style="text-align: right" title="Rental income">69,753</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--RentalIncomeNonoperating_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_z6yfFFCFFnFe" style="text-align: right" title="Rental income">66,643</td> <td style="text-align: left"> </td></tr> </table> <p id="xdx_8AD_zzQ83bV5dTYd" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_esrt--SummaryOfInvestmentsOtherThanInvestmentsInRelatedPartiesTextBlock_zCEoLKKHq1L6" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse" summary="xdx: Disclosure - RELATED PARTY TRANSACTIONS (Details)"> <tr style="display: none; background-color: White"> <td style="border-right: black 1pt solid; border-left: black 1pt solid; display: none; text-align: justify"><span id="xdx_8BD_zxIDP7EeQJi6" style="display: none">Schedule of Related parties </span></td> <td style="border-right: black 1pt solid; display: none; text-align: justify"> </td></tr> <tr style="display: none; vertical-align: top"> <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-left: black 1pt solid; text-align: justify"> </td> <td style="border-top: black 1pt solid; border-right: black 1pt solid; text-align: justify"> </td></tr> <tr style="vertical-align: top"> <td style="border: black 1pt solid; width: 46%; text-align: justify"><span style="font-size: 10pt"><b>Name of related parties</b></span></td> <td style="border-top: black 1pt solid; border-right: black 1pt solid; border-bottom: black 1pt solid; width: 54%; text-align: justify"><span style="font-size: 10pt"><b>Relationship with the Company</b></span></td></tr> <tr style="vertical-align: top; background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">PSM-ZJK</span></td> <td id="xdx_987_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--PSMZJKMember_zEPGziC5BL5a" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">An equity investee of the Zhongjinke Shenzhen </span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">ZhongJinKe Fastener CO.,Ltd</span></td> <td id="xdx_980_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ZhongJinKeFastenerCOMember_zBbZXPmX0cl" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Controlled by Jieke Zhu</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Shenzhen Qianhaishi Micro Science Co., Ltd</span></td> <td id="xdx_98D_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ShenzhenQianhaishiMicroScienceCoMember_zfBAplmbmLhk" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Controlled by Kai Huang</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Ning Ding</span></td> <td id="xdx_986_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NingDingMember_zeAYgo2YwsGk" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Chief Executive Officer, Chief Financial Officer <span style="font-family: Times New Roman, Times, Serif">and a Director of the Company</span></span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Kai Huang</span></td> <td id="xdx_98F_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--KaiHuangMember_zkxcMGnBjvW4" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Director <span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">and former Chief Financial officer of the Company</span></span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Kai Ding</span></td> <td id="xdx_982_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--KaiDingMember_zM2Y8nnyTALi" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> </table> <p style="margin: 0"> </p> <p style="margin: 0"></p> <p style="margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="background-color: rgb(204,238,255)"> <td style="border: Black 1pt solid; text-align: justify; width: 46%"><span style="font-size: 10pt">Dongxin Zhou</span></td> <td id="xdx_98D_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--DongxinZhouMember_zhNTG8yR3P1e" style="border: Black 1pt solid; text-align: justify; width: 54%" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Jieke Zhu</span></td> <td id="xdx_98A_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JiekeZhuMember_zwNnuxNTVfea" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Minghui Zhu</span></td> <td id="xdx_981_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MinghuiZhuMember_z6RoH9gEkARk" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Father of Jieke Zhu</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Huiming Liu</span></td> <td id="xdx_98E_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--HuimingLiuMember_zsFxVVLbfJy5" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: Black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Chaoyong Xu</span></td> <td id="xdx_981_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--ChaoyongXuMember_zeMadA9Rlmif" style="border-right: black 1pt solid; border-bottom: Black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Qianrui Ding</span></td> <td id="xdx_982_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--QianruiDingMember_zGWghyf2cta9" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Daughter of Ning Ding</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Baozhen Zhu</span></td> <td id="xdx_989_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--BaozhenZhuMember_zGg1kXaTF8ob" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Wife of Ning Ding</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">Meigui Zeng</span></td> <td id="xdx_98A_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--MeiguiZengMember_zAEKjNhDkepi" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">Wife of Huiming Liu</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">DNR TECHNOLOGY CO., LTD.</span></td> <td id="xdx_983_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--DnrTechnologyMember_zyYRM9dNd1j9" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">NEWMICRO HOLDING LIMITED</span></td> <td id="xdx_98F_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--NewMicroMember_z0CK4OMPtzU7" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">JINSHAN INTERNATIONAL INVESTMENT CO.,LTD.</span></td> <td id="xdx_981_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--JinshanMember_zoaBjyVS6wS3" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: White"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">KKD HOLDING LIMITED.</span></td> <td id="xdx_983_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--KKDHoldingMember_zJ4SjirS2R2h" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> <tr style="background-color: rgb(204,238,255)"> <td style="border-right: black 1pt solid; border-bottom: black 1pt solid; border-left: black 1pt solid; text-align: justify"><span style="font-size: 10pt">VIMISCI HOLDING LIMITED</span></td> <td id="xdx_981_ecustom--RelationshipWithCompany_c20250101__20251231__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__custom--VIMISCIMember_zKz5IJbtLonh" style="border-right: black 1pt solid; border-bottom: black 1pt solid; text-align: justify" title="Relationship with the Company"><span style="font-size: 10pt">A shareholder of the Company</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> An equity investee of the Zhongjinke Shenzhen Controlled by Jieke Zhu Controlled by Kai Huang Chief Executive Officer, Chief Financial Officer and a Director of the Company Director and former Chief Financial officer of the Company A shareholder of the Company A shareholder of the Company A shareholder of the Company Father of Jieke Zhu A shareholder of the Company A shareholder of the Company Daughter of Ning Ding Wife of Ning Ding Wife of Huiming Liu A shareholder of the Company A shareholder of the Company A shareholder of the Company A shareholder of the Company A shareholder of the Company <table cellpadding="0" cellspacing="0" id="xdx_894_ecustom--ScheduleOfAccountsReceivableDueFromRelatedPartyTableTextBlock_zObbcEtURMXi" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY TRANSACTIONS (Details 1)"> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt"> <span id="xdx_8B8_zu8ayr2gH2W7" style="display: none">Schedule of Accounts receivable-due from a related party</span> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Name of related party</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-align: left; text-indent: -10pt">PSM ZJK</td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_98D_ecustom--AccountsReceivabledueFromRelatedParty_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_ztmJF0vc5DAi" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total">9,165,068</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td> <td style="width: 8%; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; width: 1%; text-align: left"> </td> <td id="xdx_98D_ecustom--AccountsReceivabledueFromRelatedParty_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zAxeW7s1N3sj" style="border-bottom: Black 1pt solid; width: 12%; text-align: right" title="Total">11,227,799</td> <td style="width: 1%; padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_988_ecustom--AccountsReceivabledueFromRelatedParty_iI_c20241231_zvQmL7m94Sy7" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">9,165,068</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_987_ecustom--AccountsReceivabledueFromRelatedParty_iI_c20251231_zbjdYIsWZ23b" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">11,227,799</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> 9165068 11227799 9165068 11227799 <table cellpadding="0" cellspacing="0" id="xdx_89E_ecustom--ScheduleOfOtherReceivablesDueFromRelatedPartyTableTextBlock_zKxIObxyYLIe" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY TRANSACTIONS (Details 2)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BB_zFbVUcoLKS5f" style="display: none">Schedule of Other receivables-due from related parties</span></td> <td> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: center"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td> </td> <td style="text-align: center"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Name of related parties</td> <td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: left">Nature</td> <td> </td> <td colspan="3" style="text-align: center"> </td> <td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 29%; text-align: left; text-indent: -10pt">Baozhen Zhu</td> <td style="width: 2%"> </td> <td style="width: 34%; text-align: left">Loan to related parties</td> <td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_988_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--BaozhenZhuMember_zdTvDB2Ydok3" style="width: 12%; text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1862">—</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98E_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--BaozhenZhuMember_zXXsH1WxcYXh" style="width: 12%; text-align: right" title="Total">5,152</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Meigui Zeng</td> <td> </td> <td style="text-align: left">Loan to related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--MeiguiZengMember_zzTlabSe69al" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1866">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--MeiguiZengMember_z4r8Koxd5y59" style="text-align: right" title="Total">5,152</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dongxin Zhou</td> <td> </td> <td style="text-align: left">Loan to related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_z7LAk5tD7sLj" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1870">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_z4mvOgSJZcD8" style="text-align: right" title="Total">2,145</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Huang</td> <td> </td> <td style="text-align: left">Loan to related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zYlP7eu0uCIl" style="text-align: right" title="Total">68,500</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zq6Kh3zH0rRf" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1876">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">PSM-ZJK</td> <td> </td> <td style="text-align: left">Utility bills paid on behalf of a related party</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_983_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zDiIooku7G1f" style="text-align: right" title="Total">1,097</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zwy0Kl1oKhb6" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1880">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zVAQqguhmdzh" style="text-align: right" title="Total">179,246</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zAwMPGVDIh6k" style="text-align: right" title="Total">489,645</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Chaoyong Xu</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_zXujOeLVxp9h" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1886">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_zO8teQBBT4Nk" style="text-align: right" title="Total">37,992</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Huiming Liu</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--HuimingLiuMember_zs9456P3GqVc" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1890">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--HuimingLiuMember_zLER6ZAUUYj4" style="text-align: right" title="Total">37,992</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Jieke Zhu</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_988_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zr4g8NvPMqCj" style="text-align: right" title="Total">392</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zlIklKF1Xig9" style="text-align: right" title="Total">5,717</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dongxin Zhou</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhou1Member_zrkC0IhKBmt1" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1898">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_988_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhou1Member_zrJrZEF7IAl5" style="text-align: right" title="Total">5,584</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_z25ZyyBZhMXl" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1902">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zRhkJuFGOIOk" style="text-align: right" title="Total">5,198</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">DNR TECHNOLOGY CO., LTD.</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--DnrTechologyMember_zXXyTZyhWM3c" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1906">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--DnrTechologyMember_zUCXxDZpTGC6" style="text-align: right" title="Total">2,628</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">NEWMICRO HOLDING LIMITED</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NewMicroHoldingMember_zouzoyq1NCO3" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1910">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NewMicroHoldingMember_zbGZgHU1wJV9" style="text-align: right" title="Total">150</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">JINSHAN INTERNATIONAL INVESTMENT CO.,LTD.</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--JinsanMember_zvTq8P5j6bm2" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1914">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_988_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--JinsanMember_zDktLN1HT4Dl" style="text-align: right" title="Total">150</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">KKD HOLDING LIMITED.</td> <td> </td> <td style="text-align: left">Expenses paid on behalf of related parties</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KKDHoldingMember_zzvq4T8gMXj1" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1918">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KKDHoldingMember_zhWT4MAoYHkf" style="text-align: right" title="Total">915</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">VIMISCI HOLDING LIMITED</td> <td style="padding-bottom: 1pt"> </td> <td style="text-align: left; padding-bottom: 1pt">Expenses paid on behalf of related parties</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_980_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--VIMISCIMember_zEenEdyddt07" style="border-bottom: Black 1pt solid; text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1922">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98F_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--VIMISCIMember_zOqM7GEWESYb" style="border-bottom: Black 1pt solid; text-align: right" title="Total">47</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_984_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20241231_zCUWtbBTtbOh" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">249,235</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_980_ecustom--OtherReceivablesdueFromRelatedParties_iI_c20251231_z7Tlty1rYI3i" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">598,467</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 5152 5152 2145 68500 1097 179246 489645 37992 37992 392 5717 5584 5198 2628 150 150 915 47 249235 598467 <table cellpadding="0" cellspacing="0" id="xdx_892_ecustom--ScheduleOfOtherPayableDueToRelatedPartyTableTextBlock_zAi3gDUdW8T5" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY TRANSACTIONS (Details 3)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BA_zBbpJFKsPVY7" style="display: none">Schedule of Other receivables-due from related parties</span></td><td> </td> <td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"> </td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td><td style="padding-bottom: 1pt"> </td> <td style="text-align: center"> </td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td><td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td><td> </td> <td style="text-align: center"> </td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td><td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Name of related parties</td><td style="font-weight: bold"> </td> <td style="font-weight: bold; text-align: center">Nature</td><td> </td> <td colspan="3" style="text-align: center"> </td><td> </td> <td colspan="3" style="text-align: center"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 29%; text-align: left; text-indent: -10pt">Ning Ding</td><td style="width: 2%"> </td> <td style="width: 34%; text-align: left">Sales Compensation</td><td style="width: 2%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_984_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zBDEPpeFPUwd" style="width: 12%; text-align: right" title="Total">1,497,596</td><td style="width: 1%; text-align: left"> </td><td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td><td id="xdx_983_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_z3doqFwnLpv" style="width: 12%; text-align: right" title="Total">1,665,314</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td><td> </td> <td style="text-align: left">Sales Compensation</td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_z4m5pHOBTpQf" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1938">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_989_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zK7LHc53fiOb" style="text-align: right" title="Total">306,666</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Huang</td><td> </td> <td style="text-align: left">Loan from related parties</td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zb761Jodxryd" style="text-align: right" title="Total">136,999</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zCsu4ZVaBEL" style="text-align: right" title="Total">142,998</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td><td> </td> <td style="text-align: left">Loan from related parties</td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDing1Member_zEYy5XkAUM3j" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1946">—</span></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_981_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDing1Member_zm4yDSNVlVQ9" style="text-align: right" title="Total">108,691</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td><td> </td> <td style="text-align: left">Expenses paid on behalf of the Company</td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDing2Member_zYtNEcNvwmy1" style="text-align: right" title="Total">89,540</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_98D_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDing2Member_zF5fpbJ1vade" style="text-align: right" title="Total">95,055</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">ZhongJinKe Fastener CO.,Ltd</td><td> </td> <td style="text-align: left">Expenses paid on behalf of the Company</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--ZhongJinKeFastenerCOMember_zLlFolFWjBxk" style="text-align: right" title="Total">51,320</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_983_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--ZhongJinKeFastenerCOMember_zikyqDnSlxY6" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1956">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Jieke Zhu</td><td> </td> <td style="text-align: left">Expenses paid on behalf of the Company</td><td> </td> <td style="text-align: left"> </td><td id="xdx_98B_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_z5cZz1H5QjZi" style="text-align: right" title="Total">290</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_982_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zPKgyP1VIJre" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1960">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td><td> </td> <td style="text-align: left">Expenses paid on behalf of the Company</td><td> </td> <td style="text-align: left"> </td><td id="xdx_988_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDing1Member_z3NUCJN6lT7" style="text-align: right" title="Total">2,430</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td id="xdx_985_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDing1Member_zTLU7aX2ytu" style="text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1964">—</span></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Qianrui Ding</td><td style="padding-bottom: 1pt"> </td> <td style="text-align: left; padding-bottom: 1pt">Services provided by related parties</td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_985_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231__us-gaap--RelatedPartyTransactionAxis__custom--QianruiDingMember_zaXNMGeMwWYh" style="border-bottom: Black 1pt solid; text-align: right" title="Total"><span style="-sec-ix-hidden: xdx2ixbrl1966">—</span></td><td style="padding-bottom: 1pt; text-align: left"> </td><td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td><td id="xdx_982_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231__us-gaap--RelatedPartyTransactionAxis__custom--QianruiDingMember_zMeAJYJjQJ8d" style="border-bottom: Black 1pt solid; text-align: right" title="Total">3,500</td><td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; font-weight: bold; text-indent: -10pt">Total</td><td style="padding-bottom: 2.5pt"> </td> <td style="padding-bottom: 2.5pt"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_984_ecustom--OtherPayablesdueToRelatedParties_iI_c20241231_zucu7B344wBg" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">1,778,175</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td><td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td><td id="xdx_983_ecustom--OtherPayablesdueToRelatedParties_iI_c20251231_zrY9axw7p9qf" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Total">2,322,224</td><td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i></i></b></p> 1497596 1665314 306666 136999 142998 108691 89540 95055 51320 290 2430 3500 1778175 2322224 <table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--ScheduleOfRelatedPartyTransactionsTableTextBlock_zNOOirutzIwj" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - RELATED PARTY TRANSACTIONS (Details 4)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8B3_zNtocO2GrJPe" style="display: none">Schedule of related parties</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Related party sales</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">PSM ZJK</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_987_eus-gaap--RelatedPartiesAmountInCostOfSales_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zKuwYtsphqo6" style="width: 11%; text-align: right" title="Related party sales">15,093,811</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98F_eus-gaap--RelatedPartiesAmountInCostOfSales_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zDbS0JE0zay" style="width: 11%; text-align: right" title="Related party sales">16,559,102</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_986_eus-gaap--RelatedPartiesAmountInCostOfSales_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_z7On9IiMFU5" style="width: 11%; text-align: right" title="Related party sales">20,375,169</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Sales Compensation</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--SalesCompensation_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zsuHe3sYEHF2" style="text-align: right" title="Sales Compensation">1,149,836</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_ecustom--SalesCompensation_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_z6qZgFIp3C6" style="text-align: right" title="Sales Compensation">1,073,615</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--SalesCompensation_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zMLRP4eXISkd" style="text-align: right" title="Sales Compensation">889,814</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_ecustom--SalesCompensation_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zv8dS4iCeNi7" style="text-align: right" title="Sales Compensation">35,784</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_ecustom--SalesCompensation_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zUoovke0lVhl" style="text-align: right" title="Sales Compensation">292,141</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_ecustom--SalesCompensation_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_z5YClqJLy374" style="text-align: right" title="Sales Compensation">434,549</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Loans to related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_ziOdZsHOVNs3" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl1994">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zOtj13PmGcLg" style="text-align: right" title="Loans to related parties">(73,451</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zv2rPx7IDUJb" style="text-align: right" title="Loans to related parties">(69,727</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Baozhen Zhu</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--BaozhenZhuMember_zppdcglcirU5" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2000">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--BaozhenZhuMember_zlojeJN4KTQg" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2002">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--BaozhenZhuMember_zJPM8StzE8ej" style="text-align: right" title="Loans to related parties">(5,152</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Meigui Zeng</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--MeiguiZengMember_zh18fQADgjkd" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2006">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--MeiguiZengMember_zSfWSgBWuEhe" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2008">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--MeiguiZengMember_zDEt1faEevF" style="text-align: right" title="Loans to related parties">(5,152</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dongxin Zhou</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zbCPUax6C1O3" style="text-align: right" title="Loans to related parties">(14,105</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zVx4qFrIY9Dh" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2014">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_z1fmd9UCUttl" style="text-align: right" title="Loans to related parties">(2,092</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_ztG4uC59UOt4" style="text-align: right" title="Loans to related parties">(202,348</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zWZO7ENePC6h" style="text-align: right" title="Loans to related parties">(412,129</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zlz0M1Ub33ik" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2022">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Huang</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zBToEvy5qKee" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2024">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zJ8yX5PO7Eje" style="text-align: right" title="Loans to related parties">(69,509</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zjxxvBNlbhXd" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2028">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">PSM-ZJK</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(37,020</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_z4mZSGvgLY2h" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2030">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--LoansAndLeasesReceivableRelatedPartiesProceeds_iN_di_c20240401__20240630__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zX521js3gWh5" style="text-align: right" title="Loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2032">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Loan from related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98F_ecustom--LoansFromRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zt3mO7jMgFR8" style="text-align: right" title="Loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2034">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_ecustom--LoansFromRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zequPJXv8jL3" style="text-align: right" title="Loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2036">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_ecustom--LoansFromRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_z3U3Z4SAbHH8" style="text-align: right" title="Loans from related parties">383,318</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Repayments of loans from related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zVRCrFAxwbe9" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2040">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_z2f7BwglY0hc" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2042">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zjInhOcSd5Lh" style="text-align: right" title="Repayments of loans from related parties">(276,752</td> <td style="text-align: left">)</td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Shenzhen Qianhaishi Micro Science Co., Ltd</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--ShenzhenQianhaishiMicroScienceCoMember_zaMGhKUBUjt6" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2046">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--ShenzhenQianhaishiMicroScienceCoMember_z2gMpYat9VXh" style="text-align: right" title="Repayments of loans from related parties">(83,411</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_zGY3xCke3at2" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2050">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Chaoyong Xu</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_zvpIw0YkDJQ2" style="text-align: right" title="Repayments of loans from related parties">(33,133</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_z49BWHeVdSLh" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2054">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--ChaoyongXuMember_zQDKRAotN6z8" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2056">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Huiming Liu</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--HuimingLiuMember_z8ixld7tzpPk" style="text-align: right" title="Repayments of loans from related parties">(28,210</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--HuimingLiuMember_zSLfFczA24dl" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2060">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--HuimingLiuMember_zaJ9vMqfLWg" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2062">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Jieke Zhu</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zbIwA5XU0Hl9" style="text-align: right" title="Repayments of loans from related parties">(2,412</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zvw4SR0mdmzg" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2066">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--JiekeZhuMember_zXglBN5qE3ch" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2068">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dongxin Zhou</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zszCzw6RWo2d" style="text-align: right" title="Repayments of loans from related parties">(2,073</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zDVnSIlYTYM5" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2072">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--RepaymentOfNotesReceivableFromRelatedParties_iN_di_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zJlnRgMMFU1" style="text-align: right" title="Repayments of loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2074">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Collection of loans to related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zPU3khglj69a" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2076">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_znxf4xmrssGk" style="text-align: right" title="Collection of loans to related parties">73,451</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiDingMember_zDxXox34sf0i" style="text-align: right" title="Collection of loans to related parties">69,727</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Huang</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_z8sEW3eTx4k2" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2082">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zleFVkcsnBj8" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2084">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zk3yGuiboqYc" style="text-align: right" title="Collection of loans to related parties">70,512</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98E_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zr5QrxioyU9i" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2088">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zFlK2dFHQkE3" style="text-align: right" title="Collection of loans to related parties">472,518</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zNjLh4iyCwt5" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2092">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">PSM-ZJK</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zSSxlHUM7TI3" style="text-align: right" title="Collection of loans to related parties">37,020</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zjOm210uJI0e" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2096">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zHIsb5LgnE8h" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2098">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Dongxin Zhou</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zJvUXn0JtPbg" style="text-align: right" title="Collection of loans to related parties">14,105</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zsMpR4Prte88" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2102">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98A_eus-gaap--ProceedsFromCollectionOfLongtermLoansToRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--DongxinZhouMember_zETIZmcrP63h" style="text-align: right" title="Collection of loans to related parties"><span style="-sec-ix-hidden: xdx2ixbrl2104">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Proceeds from loans from related parties</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Ning Ding</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zI5o7elxVeee" style="text-align: right" title="Proceeds from loans from related parties">141,052</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zANjW5Ry0FB1" style="text-align: right" title="Proceeds from loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2108">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--NingDingMember_zhqKDNcwv1v3" style="text-align: right" title="Proceeds from loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2110">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Kai Huang</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zv7Wa5zzuHq3" style="text-align: right" title="Proceeds from loans from related parties">141,052</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zgAODPKVTZAg" style="text-align: right" title="Proceeds from loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2114">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--ProceedsFromPaymentsForLongTermLoansForRelatedParties_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--KaiHuangMember_zxFwNM5U4d3f" style="text-align: right" title="Proceeds from loans from related parties"><span style="-sec-ix-hidden: xdx2ixbrl2116">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Rental income</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">PSM-ZJK</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--RentalIncomeNonoperating_c20230101__20231231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_ztnJGnC7c8jg" style="text-align: right" title="Rental income">70,773</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98B_eus-gaap--RentalIncomeNonoperating_c20240101__20241231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_zd7o0DCNx0Ub" style="text-align: right" title="Rental income">69,753</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_980_eus-gaap--RentalIncomeNonoperating_c20250101__20251231__us-gaap--RelatedPartyTransactionAxis__custom--PSMZJKMember_z6yfFFCFFnFe" style="text-align: right" title="Rental income">66,643</td> <td style="text-align: left"> </td></tr> </table> 15093811 16559102 20375169 1149836 1073615 889814 35784 292141 434549 73451 69727 5152 5152 14105 2092 202348 412129 69509 383318 276752 83411 33133 28210 2412 2073 73451 69727 70512 472518 37020 14105 141052 141052 70773 69753 66643 <p id="xdx_805_ecustom--RevenueTextBlock_zyR1mJISEnza" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">  </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>19.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_823_zJfSUJlEIVR3">REVENUE</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s disaggregated revenues are represented by two categories which are type of customers and by geographic areas. The Company attributed revenues to geographic areas based on customers’ place of registration.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline">Type of Customers</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock_zLDgk5jVWGCa" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - REVENUE (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 20pt; text-align: left; text-indent: -10pt"><span id="xdx_8B3_zEYTqX4Hchch" style="display: none">Schedule of Type of customers</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; width: 46%; text-align: left; text-indent: -10pt">Third-party sales</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--ProductOrServiceAxis__custom--ThirdPartySalesMember_z1JtEJF1mUCa" style="width: 11%; text-align: right">13,961,495</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_987_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--ProductOrServiceAxis__custom--ThirdPartySalesMember_zuLKeO14O9id" style="width: 11%; text-align: right">21,250,363</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_980_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--ProductOrServiceAxis__custom--ThirdPartySalesMember_zP6CjylXHNC8" style="width: 11%; text-align: right">35,728,684</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt">Related-party sales</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--ProductOrServiceAxis__custom--RelatedPartySalesMember_zfseYhra38Fh" style="border-bottom: Black 1pt solid; text-align: right">15,093,811</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98F_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--ProductOrServiceAxis__custom--RelatedPartySalesMember_z29IvUGNTcGf" style="border-bottom: Black 1pt solid; text-align: right">16,559,102</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--ProductOrServiceAxis__custom--RelatedPartySalesMember_z9mujlDgDX64" style="border-bottom: Black 1pt solid; text-align: right">20,375,169</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98E_eus-gaap--Revenues_pp0p0_c20230101__20231231_zl6Y3hgwutX9" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">29,055,306</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_pp0p0_c20240101__20241231_zTMEX0iovXu6" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">37,809,465</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_980_eus-gaap--Revenues_pp0p0_c20250101__20251231_zY5GjLOGdZK3" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">56,103,853</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p id="xdx_8A2_zBvMsQExM9Fl" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><span style="text-decoration: underline">By Geographic Areas</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfRevenueFromCustomersAttributedToForeignCountriesByGeographicAreaTextBlock_zlsIAlAWOuQf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - REVENUE (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span id="xdx_8B3_zPbnm1EMWPjl" style="display: none">Schedule of revenues geographic areas</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; width: 46%; text-indent: -10pt">China</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--StatementGeographicalAxis__country--CN_z6tVRp4btrgk" style="width: 11%; text-align: right" title="Revenues">25,079,876</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98E_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--StatementGeographicalAxis__country--CN_zZpRQhcbFyy6" style="width: 11%; text-align: right" title="Revenues">25,189,442</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_986_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--StatementGeographicalAxis__country--CN_zLlwu7UQxDic" style="width: 11%; text-align: right" title="Revenues">32,448,406</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt">Taiwan, China</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--StatementGeographicalAxis__country--TW_z1s3Q7qnXKpd" style="text-align: right" title="Revenues">2,086,833</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--StatementGeographicalAxis__country--TW_zUqnDRDCIAZi" style="text-align: right" title="Revenues">7,625,820</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--StatementGeographicalAxis__country--TW_zexHeoyqE48f" style="text-align: right" title="Revenues">16,483,094</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-indent: -10pt">Singapore</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--StatementGeographicalAxis__country--SG_zrw3jTaQ17p3" style="text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl2152">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--StatementGeographicalAxis__country--SG_zmzrf2JYMhDj" style="text-align: right" title="Revenues">3,179,731</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--StatementGeographicalAxis__country--SG_z5CFYX0p72rk" style="text-align: right" title="Revenues">5,432,908</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-indent: -10pt">America</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--StatementGeographicalAxis__srt--AmericasMember_zxrgq9dTWkpc" style="text-align: right" title="Revenues">789,946</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--StatementGeographicalAxis__srt--AmericasMember_zyuEtzwNlgL1" style="text-align: right" title="Revenues">545,583</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--StatementGeographicalAxis__srt--AmericasMember_zytZjxPsh99j" style="text-align: right" title="Revenues">832,352</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-indent: -10pt">Others</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--StatementGeographicalAxis__custom--OthersMember_zTp0Z8Tegjvh" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">1,098,651</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--StatementGeographicalAxis__custom--OthersMember_zVTVdN7eH7s8" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">1,268,889</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98F_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--StatementGeographicalAxis__custom--OthersMember_z7fjXG7AdYV6" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">907,093</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_pp0p0_c20230101__20231231_zjQGl0XvIpCg" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Revenues">29,055,306</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_983_eus-gaap--Revenues_pp0p0_c20240101__20241231_zItlNCY7tgF4" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Revenues">37,809,465</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_986_eus-gaap--Revenues_pp0p0_c20250101__20251231_zcvLnwkinyu1" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Revenues">56,103,853</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8A2_zHhT4xQIvx1d" style="margin-top: 0; margin-bottom: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89B_eus-gaap--ScheduleOfRevenueByMajorCustomersByReportingSegmentsTableTextBlock_zLDgk5jVWGCa" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - REVENUE (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 20pt; text-align: left; text-indent: -10pt"><span id="xdx_8B3_zEYTqX4Hchch" style="display: none">Schedule of Type of customers</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; width: 46%; text-align: left; text-indent: -10pt">Third-party sales</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--ProductOrServiceAxis__custom--ThirdPartySalesMember_z1JtEJF1mUCa" style="width: 11%; text-align: right">13,961,495</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_987_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--ProductOrServiceAxis__custom--ThirdPartySalesMember_zuLKeO14O9id" style="width: 11%; text-align: right">21,250,363</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_980_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--ProductOrServiceAxis__custom--ThirdPartySalesMember_zP6CjylXHNC8" style="width: 11%; text-align: right">35,728,684</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt">Related-party sales</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98B_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--ProductOrServiceAxis__custom--RelatedPartySalesMember_zfseYhra38Fh" style="border-bottom: Black 1pt solid; text-align: right">15,093,811</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98F_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--ProductOrServiceAxis__custom--RelatedPartySalesMember_z29IvUGNTcGf" style="border-bottom: Black 1pt solid; text-align: right">16,559,102</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--ProductOrServiceAxis__custom--RelatedPartySalesMember_z9mujlDgDX64" style="border-bottom: Black 1pt solid; text-align: right">20,375,169</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98E_eus-gaap--Revenues_pp0p0_c20230101__20231231_zl6Y3hgwutX9" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">29,055,306</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_pp0p0_c20240101__20241231_zTMEX0iovXu6" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">37,809,465</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_980_eus-gaap--Revenues_pp0p0_c20250101__20251231_zY5GjLOGdZK3" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">56,103,853</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> 13961495 21250363 35728684 15093811 16559102 20375169 29055306 37809465 56103853 <table cellpadding="0" cellspacing="0" id="xdx_895_ecustom--ScheduleOfRevenueFromCustomersAttributedToForeignCountriesByGeographicAreaTextBlock_zlsIAlAWOuQf" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - REVENUE (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt"><span id="xdx_8B3_zPbnm1EMWPjl" style="display: none">Schedule of revenues geographic areas</span></td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; width: 46%; text-indent: -10pt">China</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--StatementGeographicalAxis__country--CN_z6tVRp4btrgk" style="width: 11%; text-align: right" title="Revenues">25,079,876</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98E_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--StatementGeographicalAxis__country--CN_zZpRQhcbFyy6" style="width: 11%; text-align: right" title="Revenues">25,189,442</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_986_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--StatementGeographicalAxis__country--CN_zLlwu7UQxDic" style="width: 11%; text-align: right" title="Revenues">32,448,406</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-align: left; text-indent: -10pt">Taiwan, China</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_987_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--StatementGeographicalAxis__country--TW_z1s3Q7qnXKpd" style="text-align: right" title="Revenues">2,086,833</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--StatementGeographicalAxis__country--TW_zUqnDRDCIAZi" style="text-align: right" title="Revenues">7,625,820</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_986_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--StatementGeographicalAxis__country--TW_zexHeoyqE48f" style="text-align: right" title="Revenues">16,483,094</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-indent: -10pt">Singapore</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--StatementGeographicalAxis__country--SG_zrw3jTaQ17p3" style="text-align: right" title="Revenues"><span style="-sec-ix-hidden: xdx2ixbrl2152">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--StatementGeographicalAxis__country--SG_zmzrf2JYMhDj" style="text-align: right" title="Revenues">3,179,731</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_982_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--StatementGeographicalAxis__country--SG_z5CFYX0p72rk" style="text-align: right" title="Revenues">5,432,908</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 20pt; text-indent: -10pt">America</td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--StatementGeographicalAxis__srt--AmericasMember_zxrgq9dTWkpc" style="text-align: right" title="Revenues">789,946</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_984_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--StatementGeographicalAxis__srt--AmericasMember_zyuEtzwNlgL1" style="text-align: right" title="Revenues">545,583</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_981_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--StatementGeographicalAxis__srt--AmericasMember_zytZjxPsh99j" style="text-align: right" title="Revenues">832,352</td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 20pt; text-indent: -10pt">Others</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_983_eus-gaap--Revenues_pp0p0_c20230101__20231231__srt--StatementGeographicalAxis__custom--OthersMember_zTp0Z8Tegjvh" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">1,098,651</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_985_eus-gaap--Revenues_pp0p0_c20240101__20241231__srt--StatementGeographicalAxis__custom--OthersMember_zVTVdN7eH7s8" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">1,268,889</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98F_eus-gaap--Revenues_pp0p0_c20250101__20251231__srt--StatementGeographicalAxis__custom--OthersMember_z7fjXG7AdYV6" style="border-bottom: Black 1pt solid; text-align: right" title="Revenues">907,093</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98D_eus-gaap--Revenues_pp0p0_c20230101__20231231_zjQGl0XvIpCg" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Revenues">29,055,306</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_983_eus-gaap--Revenues_pp0p0_c20240101__20241231_zItlNCY7tgF4" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Revenues">37,809,465</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_986_eus-gaap--Revenues_pp0p0_c20250101__20251231_zcvLnwkinyu1" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Revenues">56,103,853</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 25079876 25189442 32448406 2086833 7625820 16483094 3179731 5432908 789946 545583 832352 1098651 1268889 907093 29055306 37809465 56103853 <p id="xdx_807_eus-gaap--SegmentReportingDisclosureTextBlock_zzTlMDapzive" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>20.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_82E_z3KXcxeoa6Gc">SEGMENT REPORTING</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Segment Reporting defines operating segments as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company uses the management approach in determining its operating segments. The Company’s CODM is identified as the Chief Executive Officer, relies upon the consolidated results of operations as a whole when making decisions about allocating resources and assessing the performance of the Company. The Company generates substantially all of its revenue from the Chinese mainland and Taiwan, China, and the majority of the Company’s long-lived assets were located in the Mainland China. As a result of the assessment made by CODM, the Company has only one reportable segment. The Group does not distinguish between markets or segments for the purpose of internal reporting.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has concluded that consolidated net income is the measure of segment profitability. The CODM assesses performance for the Company, monitors budget versus actual results, and determines how to allocate resources based on consolidated net income as reported in the consolidated statements of operations. There are no other expense categories regularly provided to the CODM that are not already included in the primary financial statements herein.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">There have been no changes to the overall basis of segmentation or the measurement basis for the segment results since the prior year.</p> <p id="xdx_800_eus-gaap--CompensationAndEmployeeBenefitPlansTextBlock_zg2NbozcyG31" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>21.</b></span></td><td><span style="font-size: 10pt"><b><span id="xdx_822_zMXAg4lsXqc6">SHARE-BASED COMPENSATION</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 1, 2025, an employee was granted <span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20241230__20250102_zjiZ0CVHlFlf" title="Shares granted employee restricted ordinary shares">20,000</span> restricted ordinary shares in connection with sales activities in North America. The restricted shares are subject to a two-year service period commencing on January 1, 2025. Under the terms of the agreement, 10,000 shares will be granted annually during the service period, and each tranche is subject to a six-month lock-up restriction upon issuance. If the employee terminates services during the vesting period, the employee will automatically forfeit the restricted shares that are not vested as of the date of termination of the services.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On April 30, 2025, an external consultant was granted <span id="xdx_903_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20250429__20250430_zsTIqGCeztac" title="Shares granted employee restricted ordinary shares">1,800,000</span> restricted ordinary shares in consideration for strategic advisory services. Pursuant to the service agreement, all of the shares were issued on June 20, 2025 and are subject to a six-month lock-up restriction. The grant is subject to a two-year service period commencing on April 30, 2025, and, accordingly, the Company recognized compensation expense for eight months of the requisite service period as of December 31, 2025. On August 28, 2025, the Company and the external consultant entered into a supplemental amendment agreement, pursuant to which the service period was extended to five years, ending on April 29, 2030.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On June 3, 2025, an employee was granted <span id="xdx_90D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20250602__20250603_zzInyH3qogUi" title="Shares granted employee restricted ordinary shares">10,000</span> restricted ordinary shares for services related to sales expansion in certain regions of China. The restricted shares are subject to a one-year service period commencing on June 3, 2025, and vesting is conditional upon the achievement of the agreed-upon annual sales performance target. Upon issuance, the shares will be subject to a twelve-month lock-up restriction. If the employee terminates services during the vesting period, the employee will automatically forfeit the restricted shares that are not vested as of the date of termination of the services. Since the employee was unable to achieve the agreed-upon annual sales performance target for 2025, we did not recognize any compensation expenses related to this grant as of December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On October 16, 2025, six employees were granted <span id="xdx_902_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20251015__20251016_zNCohHU8wLTk" title="Shares granted employee restricted ordinary shares">641,000</span> restricted ordinary shares. Pursuant to the award agreements, all of the shares were issued on October 16, 2025 and are subject to a six-month lock-up restriction. The restricted shares are subject to a five-year service period commencing on October 16, 2025, and accordingly, the Company recognized compensation expense for two and a half months   of the requisite service period as of December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On December 15, 2025, an external consultant was granted <span id="xdx_906_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20251214__20251215_zIfXazDVvWol" title="Shares granted employee restricted ordinary shares">2,500,000</span> restricted ordinary shares in consideration for strategic advisory services. Pursuant to the service agreement, the Company shall issue <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_c20251214__20251215_zSSxOOkO6lIk" title="Shares issued services">500,000</span> restricted ordinary shares per service year to the consultant as full consideration for the services provided in that year, and pre-issuing the consideration shares corresponding to each service year in advance of the start of the service year, with six-month lock-up restrictions. On January 15, 2026, the first <span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesIssuedForServices_c20260114__20260115_zqC4XmSauJdg" title="Shares issued services">500,000</span> shares for the first service year were issued. The grant is subject to a five-year service period commencing on December 15, 2025, and, accordingly, the Company recognized compensation expense for half a month of the requisite service period as of December 31, 2025.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The fair value of restricted shares granted was measured using the fair-value-based method in accordance with ASC 718, based on the closing price of the Company’s common stock on the date of grant, as these awards do not contain any market vesting conditions.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">A summary of activities of the restricted shares for the year ended December 31, 2025 is as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--NonvestedRestrictedStockSharesActivityTableTextBlock_zvN0ev18ynEa" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SHARE-BASED COMPENSATION (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BB_zObFMkDiDLlc" style="display: none">Schedule of restricted shares</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of nonvested restricted shares</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average FV per ordinary share on the grant date</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt"><span style="font-size: 10pt"><b>Unvested as of December 31, 2024</b></span></td> <td style="font-weight: bold; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_iS_c20250101__20251231_z5DSiScuWLB9" style="text-align: right" title="Number of nonvested restricted shares"><span style="-sec-ix-hidden: xdx2ixbrl2201">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_iS_c20250101__20251231_zW2gb87kmrGi" style="text-align: right" title="Weighted average FV per ordinary share on the grant date"><span style="-sec-ix-hidden: xdx2ixbrl2203">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 39%; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Granted</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20250101__20251231_zFOJCS3NoTdc" style="width: 20%; text-align: right" title="Granted">4,961,000</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_c20250101__20251231_zyLUV5ZkVovc" style="width: 20%; text-align: right" title="Weighted average FV per ordinary share on the grant date Granted">2.93</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Vested</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_985_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_iN_di_c20250101__20251231_zeOgFZeJ9Juk" style="border-bottom: Black 1pt solid; text-align: right" title="Vested">(471,274</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_c20250101__20251231_znz24zHgEs8l" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average FV per ordinary share on the grant date Vested">4.12</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt"><span style="font-size: 10pt"><b>Unvested as of December 31, 2025</b></span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_iE_c20250101__20251231_zPCxMqAbBh95" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Number of nonvested restricted shares">4,489,726</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_iE_c20250101__20251231_zmVW4TJ2XBRa" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted average FV per ordinary share on the grant date">2.81</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p id="xdx_8AA_zyB9hKzshQE4" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">Share-based compensation expenses of US$<span id="xdx_909_ecustom--SharebasedCompensationExpenses_c20250101__20251231_zqAiXjGBRJvc" title="Share-based compensation expenses">1,917,804</span> were recognized for the restricted shares during the year ended December 31, 2025. As of December 31, 2025, there was unrecognized share-based compensation expenses of US$<span id="xdx_904_ecustom--UnrecognizedSharebasedCompensationExpenses_c20250101__20251231_zsCLNyyQPBrc" title="Unrecognized Share-based compensation expenses">12,620,326</span> in relation to the restricted shares, which is expected to be recognized over a weighted average period of <span id="xdx_906_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageRemainingContractualTerm1_dtY_c20250101__20251231_zevawZXJjA4k" title="weighted average period">4.60 </span>years.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The allocation of total share-based compensation expenses is set forth as follows:</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <table cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfShareBasedCompensationExpensesTableTextBlock_zG3TXofE5Kh6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SHARE-BASED COMPENSATION (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BA_zye3ouffqO6l" style="display: none">Schedule of share-based compensation expenses</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20230101__20231231_z8y7d5027yYk" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20240101__20241231_zKskuhDKjpwb" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20250101__20251231_z32BuGUyjSf9" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_403_ecustom--GeneralAndAdministrativeExpenses_zH2NvUddjYR8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 40%; text-align: left; text-indent: -10pt">General and administrative expenses</td> <td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 10%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2225">—</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 10%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2226">—</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 10%; text-align: right">1,789,416</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--SellingAndMarketingExpenses_zlPHZIN9v75g" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Selling and marketing expenses</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2229">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2230">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">128,388</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ShareBasedCompensation_z27kG5ljGqF" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2233">—</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2234">—</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,917,804</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 20000 1800000 10000 641000 2500000 500000 500000 <table cellpadding="0" cellspacing="0" id="xdx_898_eus-gaap--NonvestedRestrictedStockSharesActivityTableTextBlock_zvN0ev18ynEa" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SHARE-BASED COMPENSATION (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BB_zObFMkDiDLlc" style="display: none">Schedule of restricted shares</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td colspan="2" style="text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Number of nonvested restricted shares</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">Weighted average FV per ordinary share on the grant date</td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt"><span style="font-size: 10pt"><b>Unvested as of December 31, 2024</b></span></td> <td style="font-weight: bold; text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_98C_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_iS_c20250101__20251231_z5DSiScuWLB9" style="text-align: right" title="Number of nonvested restricted shares"><span style="-sec-ix-hidden: xdx2ixbrl2201">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_989_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_iS_c20250101__20251231_zW2gb87kmrGi" style="text-align: right" title="Weighted average FV per ordinary share on the grant date"><span style="-sec-ix-hidden: xdx2ixbrl2203">—</span></td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 39%; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Granted</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriod_c20250101__20251231_zFOJCS3NoTdc" style="width: 20%; text-align: right" title="Granted">4,961,000</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td id="xdx_981_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue_c20250101__20251231_zyLUV5ZkVovc" style="width: 20%; text-align: right" title="Weighted average FV per ordinary share on the grant date Granted">2.93</td> <td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"><span style="font-size: 10pt">Vested</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_985_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedNumberOfShares_iN_di_c20250101__20251231_zeOgFZeJ9Juk" style="border-bottom: Black 1pt solid; text-align: right" title="Vested">(471,274</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td id="xdx_98D_eus-gaap--SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedOptionsForfeitedWeightedAverageGrantDateFairValue_c20250101__20251231_znz24zHgEs8l" style="border-bottom: Black 1pt solid; text-align: right" title="Weighted average FV per ordinary share on the grant date Vested">4.12</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt"><span style="font-size: 10pt"><b>Unvested as of December 31, 2025</b></span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_988_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingNumber_iE_c20250101__20251231_zPCxMqAbBh95" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Number of nonvested restricted shares">4,489,726</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td id="xdx_98D_eus-gaap--ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice_iE_c20250101__20251231_zmVW4TJ2XBRa" style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right" title="Weighted average FV per ordinary share on the grant date">2.81</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 4961000 2.93 471274 4.12 4489726 2.81 1917804 12620326 P4Y7M6D <table cellpadding="0" cellspacing="0" id="xdx_898_ecustom--ScheduleOfShareBasedCompensationExpensesTableTextBlock_zG3TXofE5Kh6" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - SHARE-BASED COMPENSATION (Details 1)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding-top: 0pt; padding-right: 0pt; padding-left: 10pt; text-align: left; text-indent: -10pt"><span id="xdx_8BA_zye3ouffqO6l" style="display: none">Schedule of share-based compensation expenses</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20230101__20231231_z8y7d5027yYk" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_491_20240101__20241231_zKskuhDKjpwb" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_494_20250101__20251231_z32BuGUyjSf9" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the years ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_403_ecustom--GeneralAndAdministrativeExpenses_zH2NvUddjYR8" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 40%; text-align: left; text-indent: -10pt">General and administrative expenses</td> <td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 10%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2225">—</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 10%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2226">—</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 3%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 10%; text-align: right">1,789,416</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_40E_ecustom--SellingAndMarketingExpenses_zlPHZIN9v75g" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Selling and marketing expenses</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2229">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2230">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">128,388</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--ShareBasedCompensation_z27kG5ljGqF" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">Total</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2233">—</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2234">—</span></td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">1,917,804</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> 1789416 128388 1917804 <p id="xdx_800_eus-gaap--SubsequentEventsTextBlock_zIbQykzIomj1" style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>22.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_829_zu3NHBsppgw6">SUBSEQUENT EVENTS</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company has evaluated events from the year ended December 31, 2025 through April 28, 2026, the date the financial statements were issued. Except for the events mentioned below, the Company did not identify any subsequent events with a material financial impact on the Company’s consolidated financial statements.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Issuance of Ordinary Shares to Consultant</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On January 15, 2026, the Company issued <span id="xdx_90E_eus-gaap--SharesIssued_iI_c20260115_zvRgEpeCm7bb" title="Shares issued">500,000</span> ordinary shares to an external consultant as consideration for strategic advisory services (Note 21). These shares were issued at a par value of $<span id="xdx_909_eus-gaap--SharePrice_iI_c20260115_zykP7YvD7c63" title="shares issued par value">0.000016666667</span> per share.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i>Share Capital Reorganization and Dual-Class Structure</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"><b><i> </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">On March 6, 2026, the shareholders of the Company approved the introduction of two classes of ordinary shares, designated as Class A and Class B. The Company’s Class A ordinary shares began trading on the Nasdaq Capital Market at the open of business on March 17, 2026. Under the approved share capital reorganization, the Company has re-designated and re-classified its authorized and issued share capital.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">At the effective time, all 64,322,249 issued and outstanding ordinary shares were re-designated and re-classified as follows: (i) 9,000,000 shares held by 5 shareholders were re-designated and re-classified as Class B ordinary shares on a one-for-one basis, and (ii) the remaining 55,322,249 issued shares (including the 500,000 shares issued in January 2026) were been re-designated and re-classified as Class A ordinary shares. In addition, all 2,935,677,751 authorized but unissued ordinary shares were re-designated and re-classified as Class A ordinary shares.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">As a result of share capital reorganization, the Company’s authorized share capital consists of US$<span id="xdx_908_ecustom--ShareCapital_iI_c20260306__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zIhQU1Gf7GEl" title="share capital">50,000</span> divided into <span id="xdx_905_eus-gaap--SharesIssued_iI_c20260306__us-gaap--StatementEquityComponentsAxis__custom--ClassAOrdinarySharesMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zNyUDajsiOz5" title="Shares issued">2,991,000,000</span> Class A ordinary shares and <span id="xdx_903_eus-gaap--SharesIssued_iI_c20260306__us-gaap--StatementEquityComponentsAxis__custom--ClassBOrdinarySharesMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zGHwxKZEWJ9j" title="Shares issued">9,000,000</span> Class B ordinary shares, each with a par value of US$<span id="xdx_903_eus-gaap--SharePrice_iI_c20260306__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zlWtqiBdIU5c" title="shares issued par value">0.000016666667</span>. The rights attached to the new share classes are materially identical to those previous ordinary shares save that: (i) holders of Class B ordinary shares are entitled to thirty (30) votes per share on all matters decided by poll at any general meeting, and (ii) Class B ordinary shares are convertible into Class A ordinary shares at the option of the holder thereof on a one-for-one basis.  </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> 500000 0.000016666667 50000 2991000000 9000000 0.000016666667 <p id="xdx_807_eus-gaap--CondensedFinancialInformationOfParentCompanyOnlyDisclosureTextBlock_zf2o0sybJeTi" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0; margin-bottom: 0"><tr style="vertical-align: top"> <td style="width: 0"></td><td style="width: 18pt"><span style="font-size: 10pt"><b>23.</b></span></td><td style="text-align: justify"><span style="font-size: 10pt"><b><span id="xdx_82C_zv5erASl8yCe">CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY</span></b></span></td></tr></table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0 0 0 18pt; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company performed a test on the restricted net assets of consolidated subsidiary in accordance with U.S. Securities and Exchange Commission Regulation S-X Rule 4-08 (e) (3), “General Notes to Financial Statements” and concluded that it was applicable for the Company to disclose the financial statements for the parent company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The condensed financial information of the parent company has been prepared using the same accounting policies as set out in Company’s consolidated financial statements except that the parent company has used equity method to account for its investment in its subsidiaries.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company’s share of income and losses from its subsidiaries is reported as incomes from subsidiaries in the accompanying condensed financial information of parent company.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">The Company is incorporated in the Cayman Islands. Under the current laws of the Cayman Islands, the Company is not subject to income or capital gains taxes. In addition, dividend payments are not subject to withholdings tax in the Cayman Islands.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> <b><i>Condensed balance sheets</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_esrt--ScheduleOfCondensedFinancialStatementsTableTextBlock_zf2lOUIoeW3j" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span id="xdx_8BD_zlqOzZ8QgKXf" style="display: none">Schedule of condensed financial information</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_490_20241231__srt--ConsolidatedEntitiesAxis__custom--CondensedBalanceSheetsMember_zHcZmGtuzmIf" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20251231__srt--ConsolidatedEntitiesAxis__custom--CondensedBalanceSheetsMember_zj8jCqbhWX59" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_407_eus-gaap--AssetsAbstract_iB_zHiPCP2Z67u5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">ASSETS</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--Cash_iI_zupc5NFUz1Ti" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-indent: -10pt">Cash</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">3,610,997</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">2,467,991</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iI_maACzkde_zL6s2gMmEfp4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Prepaid expenses and other current assets, net</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,006,000</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,005,000</td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--InvestmentInSubsidiaries_iI_zPe03gt4JhHj" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Investment in subsidiaries</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">24,455,971</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">40,270,326</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OtherAssetsNoncurrent_iI_zgspC9frSn06" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Other non-current assets</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,000,020</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2269">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--Assets_iI_zGA52W0LTp7g" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total assets</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">30,072,988</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">43,743,317</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_iB_zYUSi4uSGoL2" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">LIABILITIES AND SHAREHOLDERS’ EQUITY</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--OtherAccruedLiabilitiesNoncurrents_iI_zCFganDzF728" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Accrued expenses and other current liabilities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">37,221</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">270,788</td> <td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--InvestmentDeficitInSubsidiaries_iI_znTdyTpR89rg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Investment deficit in subsidiaries</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2280">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">3,500</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--Liabilities_iI_zy9HwLpPgnYc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total liabilities</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">37,221</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">274,288</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--StockholdersEquityAbstract_iB_zcJ7545Uobbh" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">SHAREHOLDERS’ EQUITY</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CommonStockValue_iI_znyhzTUFDyJ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Ordinary share, $<span id="xdx_907_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20241231__srt--ConsolidatedEntitiesAxis__custom--CondensedBalanceSheetsMember_zxL8C5ov7nWl" title="Common stock, par value"><span id="xdx_90A_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20251231__srt--ConsolidatedEntitiesAxis__custom--CondensedBalanceSheetsMember_zaSMMhqsRTbe" title="Common stock, par value">0.000016666667</span></span> par value, <span id="xdx_909_eus-gaap--CommonStockSharesAuthorized_iI_c20251231_zRIEPG32szta" title="Common stock, shares authorized"><span id="xdx_90B_eus-gaap--CommonStockSharesAuthorized_iI_c20241231_zTN3iwMC20bg" title="Common stock, shares authorized">3,000,000,000</span></span> shares authorized, <span id="xdx_907_eus-gaap--CommonStockSharesIssued_iI_c20251231_zBJgwBqe8wFa" title="Common stock, shares issued"><span id="xdx_900_eus-gaap--CommonStockSharesOutstanding_iI_c20251231_z1KLfPyMsJg5" title="Common stock, shares outstanding">61,381,249</span></span> and <span id="xdx_904_eus-gaap--CommonStockSharesIssued_iI_c20241231_zZZvvvBTHKw7" title="Common stock, shares issued"><span id="xdx_90A_eus-gaap--CommonStockSharesOutstanding_iI_c20241231_z09ZAw8UjTBc" title="Common stock, shares outstanding">63,822,249</span></span> shares issued and outstanding as of December 31, 2024 and 2025, respectively*</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,023</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,063</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--AdditionalPaidInCapital_iI_zIFeI658C8cj" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Additional paid-in capital</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">7,060,050</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">8,977,814</td> <td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--StatutorySurplusReserves_iI_zvXGpz4fICmf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Statutory surplus reserves</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,658,112</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,662,115</td> <td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_zQeGpwz8Alzh" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Retained earnings</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">21,951,873</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">32,132,905</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_iI_z1KBLQPSRj3j" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Accumulated other comprehensive loss</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,635,291</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(304,868</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--StockholdersEquity_iI_zX6VNThxB6Cl" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total equity of the Company’s shareholders</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">30,035,767</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">43,469,029</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LiabilitiesAndStockholdersEquity_iI_pp0p0_z0iLLnQXHSxc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">30,072,988</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">43,743,317</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">* The shares and per share information are presented on a retroactive basis to reflect the reorganization completed on March 28, 2023 (Note 1) and the two share splits that occurred on June 19, 2023 and June 6, 2024, respectively (Note 16).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Condensed statements of comprehensive income </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_495_20230101__20231231__srt--StatementGeographicalAxis__custom--OtherComprehensivesIncomeMember_zT9p2Ypr9Ccg" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20240101__20241231__srt--StatementGeographicalAxis__custom--OtherComprehensivesIncomeMember_zCm1aHr2BCy5" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20250101__20251231__srt--StatementGeographicalAxis__custom--OtherComprehensivesIncomeMember_zXXdZhU2tT5" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_408_eus-gaap--GeneralAndAdministrativeExpense_iN_di_z0vuWGkt0pmf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">General and administrative expenses</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(10,050</td> <td style="width: 1%; text-align: left">)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(530,008</td> <td style="width: 1%; text-align: left">)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(2,916,775</td> <td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--SellingAndMarketingExpense_iN_di_z1nRjRaiQpmk" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Selling and marketing expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2332">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2333">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(473,053</td> <td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--FinancialIncomeNet_zHNEwltrtm5k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Financial income, net</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2336">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2337">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">94,841</td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--EquityInProfitOfSubsidiaries_zpYVxT7ILpk" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Equity in profit of subsidiaries</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">7,701,135</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">4,212,731</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">13,480,022</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_zR1xDToB6OBe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Net income</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,691,085</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,682,723</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,185,035</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OtherComprehensiveIncomeLossTaxAbstract_iB_zMp2F0h1A8Cc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Other comprehensive income:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--ForeignCurrencyTranslationAdjustmentNetOfNilTax_zDesXIJWIkB7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign currency translation adjustment, net of nil tax</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(460,025</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(618,728</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,330,423</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_ziqPQugwg9wj" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total comprehensive income</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,231,060</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,063,995</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">11,515,458</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Condensed statements of cash flows</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49F_20230101__20231231__us-gaap--SubsegmentsConsolidationItemsAxis__custom--StatementOfCashFlowsMember_zzvFixh6fUSg" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20240101__20241231__us-gaap--SubsegmentsConsolidationItemsAxis__custom--StatementOfCashFlowsMember_zUc3jYsTp9Uk" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20250101__20251231__us-gaap--SubsegmentsConsolidationItemsAxis__custom--StatementOfCashFlowsMember_zChitc9kkgnb" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40C_eus-gaap--NetCashProvidedByUsedInOperatingActivities_zK4jKG9VwtKl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Net cash used in operating activities*</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2360">—</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(1,486,337</td> <td style="width: 1%; text-align: left">)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(1,143,006</td> <td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--NetCashProvidedByUsedInInvestingActivities_znVvdIzMa5k7" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net cash used in investing activities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2364">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(996,672</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2366">—</span></td> <td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--NetCashProvidedByUsedInFinancingActivities_zw1HV0DTHick" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net cash provided by financing activities</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2368">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">6,094,006</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2370">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--NetChangeInCashAndCashEquivalents_zQ2MM8PTcdc4" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net change in cash and cash equivalents</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2372">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">3,610,997</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,143,006</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_405_ecustom--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalent_iS_z1FOezQZ1Y8g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Cash at the beginning of year</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2376">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2377">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">3,610,997</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalent_iE_zG0YmPzR7G86" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Cash at the end of year</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2380">—</span></td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,610,997</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,467,991</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* Operating cash outflows include staff costs, bank account management fees and expenses paid on behalf of the Company’s subsidiaries, such as consulting fees, audit fees and equipment purchases.</p> <p id="xdx_8A2_zRqOKRnMHDlk" style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify"> </p> <table cellpadding="0" cellspacing="0" id="xdx_89E_esrt--ScheduleOfCondensedFinancialStatementsTableTextBlock_zf2lOUIoeW3j" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%" summary="xdx: Disclosure - CONDENSED FINANCIAL INFORMATION OF THE PARENT COMPANY (Details)"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"><span id="xdx_8BD_zlqOzZ8QgKXf" style="display: none">Schedule of condensed financial information</span></td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_490_20241231__srt--ConsolidatedEntitiesAxis__custom--CondensedBalanceSheetsMember_zHcZmGtuzmIf" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49E_20251231__srt--ConsolidatedEntitiesAxis__custom--CondensedBalanceSheetsMember_zj8jCqbhWX59" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="7" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">As of December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_407_eus-gaap--AssetsAbstract_iB_zHiPCP2Z67u5" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-indent: -10pt">ASSETS</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--Cash_iI_zupc5NFUz1Ti" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; width: 56%; text-indent: -10pt">Cash</td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">3,610,997</td> <td style="width: 1%; text-align: left"> </td> <td style="width: 8%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 12%; text-align: right">2,467,991</td> <td style="width: 1%; text-align: left"> </td></tr> <tr id="xdx_407_eus-gaap--PrepaidExpenseAndOtherAssetsCurrent_iI_maACzkde_zL6s2gMmEfp4" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Prepaid expenses and other current assets, net</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,006,000</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,005,000</td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--InvestmentInSubsidiaries_iI_zPe03gt4JhHj" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Investment in subsidiaries</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">24,455,971</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">40,270,326</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40B_eus-gaap--OtherAssetsNoncurrent_iI_zgspC9frSn06" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Other non-current assets</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,000,020</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2269">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--Assets_iI_zGA52W0LTp7g" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total assets</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">30,072,988</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">43,743,317</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--LiabilitiesAndStockholdersEquityAbstract_iB_zYUSi4uSGoL2" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">LIABILITIES AND SHAREHOLDERS’ EQUITY</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_ecustom--OtherAccruedLiabilitiesNoncurrents_iI_zCFganDzF728" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Accrued expenses and other current liabilities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">37,221</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">270,788</td> <td style="text-align: left"> </td></tr> <tr id="xdx_402_ecustom--InvestmentDeficitInSubsidiaries_iI_znTdyTpR89rg" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Investment deficit in subsidiaries</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2280">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">3,500</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_406_eus-gaap--Liabilities_iI_zy9HwLpPgnYc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total liabilities</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">37,221</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">274,288</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40C_eus-gaap--StockholdersEquityAbstract_iB_zcJ7545Uobbh" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">SHAREHOLDERS’ EQUITY</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_400_eus-gaap--CommonStockValue_iI_znyhzTUFDyJ6" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-indent: -10pt">Ordinary share, $<span id="xdx_907_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20241231__srt--ConsolidatedEntitiesAxis__custom--CondensedBalanceSheetsMember_zxL8C5ov7nWl" title="Common stock, par value"><span id="xdx_90A_eus-gaap--CommonStockParOrStatedValuePerShare_iI_c20251231__srt--ConsolidatedEntitiesAxis__custom--CondensedBalanceSheetsMember_zaSMMhqsRTbe" title="Common stock, par value">0.000016666667</span></span> par value, <span id="xdx_909_eus-gaap--CommonStockSharesAuthorized_iI_c20251231_zRIEPG32szta" title="Common stock, shares authorized"><span id="xdx_90B_eus-gaap--CommonStockSharesAuthorized_iI_c20241231_zTN3iwMC20bg" title="Common stock, shares authorized">3,000,000,000</span></span> shares authorized, <span id="xdx_907_eus-gaap--CommonStockSharesIssued_iI_c20251231_zBJgwBqe8wFa" title="Common stock, shares issued"><span id="xdx_900_eus-gaap--CommonStockSharesOutstanding_iI_c20251231_z1KLfPyMsJg5" title="Common stock, shares outstanding">61,381,249</span></span> and <span id="xdx_904_eus-gaap--CommonStockSharesIssued_iI_c20241231_zZZvvvBTHKw7" title="Common stock, shares issued"><span id="xdx_90A_eus-gaap--CommonStockSharesOutstanding_iI_c20241231_z09ZAw8UjTBc" title="Common stock, shares outstanding">63,822,249</span></span> shares issued and outstanding as of December 31, 2024 and 2025, respectively*</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,023</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">1,063</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--AdditionalPaidInCapital_iI_zIFeI658C8cj" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Additional paid-in capital</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">7,060,050</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">8,977,814</td> <td style="text-align: left"> </td></tr> <tr id="xdx_408_ecustom--StatutorySurplusReserves_iI_zvXGpz4fICmf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Statutory surplus reserves</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,658,112</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">2,662,115</td> <td style="text-align: left"> </td></tr> <tr id="xdx_408_eus-gaap--RetainedEarningsAccumulatedDeficit_iI_zQeGpwz8Alzh" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Retained earnings</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">21,951,873</td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">32,132,905</td> <td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--AccumulatedOtherComprehensiveIncomeLossNetOfTax_iI_z1KBLQPSRj3j" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Accumulated other comprehensive loss</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,635,291</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(304,868</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_407_eus-gaap--StockholdersEquity_iI_zX6VNThxB6Cl" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total equity of the Company’s shareholders</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">30,035,767</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">43,469,029</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_40F_eus-gaap--LiabilitiesAndStockholdersEquity_iI_pp0p0_z0iLLnQXHSxc" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">30,072,988</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">43,743,317</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0; margin-bottom: 0; text-align: center">* The shares and per share information are presented on a retroactive basis to reflect the reorganization completed on March 28, 2023 (Note 1) and the two share splits that occurred on June 19, 2023 and June 6, 2024, respectively (Note 16).</p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: center"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Condensed statements of comprehensive income </i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_495_20230101__20231231__srt--StatementGeographicalAxis__custom--OtherComprehensivesIncomeMember_zT9p2Ypr9Ccg" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49B_20240101__20241231__srt--StatementGeographicalAxis__custom--OtherComprehensivesIncomeMember_zCm1aHr2BCy5" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_493_20250101__20251231__srt--StatementGeographicalAxis__custom--OtherComprehensivesIncomeMember_zXXdZhU2tT5" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_408_eus-gaap--GeneralAndAdministrativeExpense_iN_di_z0vuWGkt0pmf" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">General and administrative expenses</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(10,050</td> <td style="width: 1%; text-align: left">)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(530,008</td> <td style="width: 1%; text-align: left">)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(2,916,775</td> <td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40F_eus-gaap--SellingAndMarketingExpense_iN_di_z1nRjRaiQpmk" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Selling and marketing expenses</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2332">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2333">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(473,053</td> <td style="text-align: left">)</td></tr> <tr id="xdx_405_ecustom--FinancialIncomeNet_zHNEwltrtm5k" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Financial income, net</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2336">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2337">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">94,841</td> <td style="text-align: left"> </td></tr> <tr id="xdx_406_ecustom--EquityInProfitOfSubsidiaries_zpYVxT7ILpk" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Equity in profit of subsidiaries</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">7,701,135</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">4,212,731</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">13,480,022</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_zR1xDToB6OBe" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Net income</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">7,691,085</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">3,682,723</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; font-weight: bold; text-align: right">10,185,035</td> <td style="padding-bottom: 1pt; font-weight: bold; text-align: left"> </td></tr> <tr id="xdx_401_eus-gaap--OtherComprehensiveIncomeLossTaxAbstract_iB_zMp2F0h1A8Cc" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Other comprehensive income:</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr id="xdx_40D_ecustom--ForeignCurrencyTranslationAdjustmentNetOfNilTax_zDesXIJWIkB7" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Foreign currency translation adjustment, net of nil tax</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(460,025</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(618,728</td> <td style="padding-bottom: 1pt; text-align: left">)</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">1,330,423</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_404_eus-gaap--ComprehensiveIncomeNetOfTaxIncludingPortionAttributableToNoncontrollingInterest_ziqPQugwg9wj" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Total comprehensive income</td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">7,231,060</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,063,995</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">11,515,458</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"><b><i>Condensed statements of cash flows</i></b></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_49F_20230101__20231231__us-gaap--SubsegmentsConsolidationItemsAxis__custom--StatementOfCashFlowsMember_zzvFixh6fUSg" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20240101__20241231__us-gaap--SubsegmentsConsolidationItemsAxis__custom--StatementOfCashFlowsMember_zUc3jYsTp9Uk" style="text-align: right"> </td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td id="xdx_499_20250101__20251231__us-gaap--SubsegmentsConsolidationItemsAxis__custom--StatementOfCashFlowsMember_zChitc9kkgnb" style="text-align: right"> </td> <td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="11" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">For the Years Ended December 31,</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2023</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2024</td> <td style="font-weight: bold; padding-bottom: 1pt"> </td> <td colspan="3" style="border-bottom: Black 1pt solid; font-weight: bold; text-align: center">2025</td></tr> <tr style="vertical-align: bottom"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: center; text-indent: -10pt"> </td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td> <td style="font-weight: bold"> </td> <td colspan="3" style="font-weight: bold; text-align: center">$US</td></tr> <tr id="xdx_40C_eus-gaap--NetCashProvidedByUsedInOperatingActivities_zK4jKG9VwtKl" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; width: 46%; text-align: left; text-indent: -10pt">Net cash used in operating activities*</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2360">—</span></td> <td style="width: 1%; text-align: left"> </td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(1,486,337</td> <td style="width: 1%; text-align: left">)</td> <td style="width: 5%"> </td> <td style="width: 1%; text-align: left"> </td> <td style="width: 11%; text-align: right">(1,143,006</td> <td style="width: 1%; text-align: left">)</td></tr> <tr id="xdx_40A_eus-gaap--NetCashProvidedByUsedInInvestingActivities_znVvdIzMa5k7" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net cash used in investing activities</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2364">—</span></td> <td style="text-align: left"> </td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right">(996,672</td> <td style="text-align: left">)</td> <td> </td> <td style="text-align: left"> </td> <td style="text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2366">—</span></td> <td style="text-align: left"> </td></tr> <tr id="xdx_40E_eus-gaap--NetCashProvidedByUsedInFinancingActivities_zw1HV0DTHick" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net cash provided by financing activities</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2368">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">6,094,006</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2370">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40C_ecustom--NetChangeInCashAndCashEquivalents_zQ2MM8PTcdc4" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Net change in cash and cash equivalents</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2372">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">3,610,997</td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">(1,143,006</td> <td style="padding-bottom: 1pt; text-align: left">)</td></tr> <tr id="xdx_405_ecustom--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalent_iS_z1FOezQZ1Y8g" style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding: 0pt 0pt 0pt 10pt; text-align: left; text-indent: -10pt">Cash at the beginning of year</td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2376">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2377">—</span></td> <td style="padding-bottom: 1pt; text-align: left"> </td> <td style="padding-bottom: 1pt"> </td> <td style="border-bottom: Black 1pt solid; text-align: left"> </td> <td style="border-bottom: Black 1pt solid; text-align: right">3,610,997</td> <td style="padding-bottom: 1pt; text-align: left"> </td></tr> <tr id="xdx_40B_ecustom--CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalent_iE_zG0YmPzR7G86" style="vertical-align: bottom; background-color: White"> <td style="padding: 0pt 0pt 0pt 10pt; font-weight: bold; text-align: left; text-indent: -10pt">Cash at the end of year</td> <td style="padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; text-align: right"><span style="-sec-ix-hidden: xdx2ixbrl2380">—</span></td> <td style="padding-bottom: 2.5pt; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">3,610,997</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td> <td style="font-weight: bold; padding-bottom: 2.5pt"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: left"> </td> <td style="border-bottom: Black 2.5pt double; font-weight: bold; text-align: right">2,467,991</td> <td style="padding-bottom: 2.5pt; font-weight: bold; text-align: left"> </td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0; text-align: justify">* Operating cash outflows include staff costs, bank account management fees and expenses paid on behalf of the Company’s subsidiaries, such as consulting fees, audit fees and equipment purchases.</p> 3610997 2467991 1006000 1005000 24455971 40270326 1000020 30072988 43743317 37221 270788 3500 37221 274288 0.000016666667 0.000016666667 3000000000 3000000000 61381249 61381249 63822249 63822249 1023 1063 7060050 8977814 2658112 2662115 21951873 32132905 -1635291 -304868 30035767 43469029 30072988 43743317 10050 530008 2916775 473053 94841 7701135 4212731 13480022 7691085 3682723 10185035 -460025 -618728 1330423 7231060 3063995 11515458 -1486337 -1143006 -996672 6094006 3610997 -1143006 3610997 3610997 2467991