Addentax (ATXG) 10-Q 14 Nov 24 2025 Q2 Quarterly report Financial data

Cover

Cover - shares	6 Months Ended
	Sep. 30, 2024	Nov. 14, 2024
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Sep. 30, 2024
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2025
Current Fiscal Year End Date	--03-31
Entity File Number	001-41478
Entity Registrant Name	ADDENTAX GROUP CORP.
Entity Central Index Key	0001650101
Entity Tax Identification Number	35-2521028
Entity Incorporation, State or Country Code	NV
Entity Address, Address Line One	Kingkey 100, Block A
Entity Address, Address Line Two	Room 4805
Entity Address, Address Line Three	Luohu District
Entity Address, City or Town	Shenzhen City
Entity Address, Country	CN
Entity Address, Postal Zip Code	518000
City Area Code	(86)
Local Phone Number	755 86961 405
Title of 12(b) Security	Common Stock
Trading Symbol	ATXG
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		6,043,769

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2024	Mar. 31, 2024
CURRENT ASSETS
Cash and cash equivalents	$ 810,545	$ 816,186
Restricted cash	2,750,000	2,750,000
Accounts receivables, net	1,207,409	2,106,451
Debt securities held-to-maturity	17,500,000	17,500,000
Inventories	191,708	63,505
Prepayments and other receivables	1,667,814	1,922,996
Advances to suppliers	320,964	1,009,362
Total current assets	28,288,594	29,181,392
NON-CURRENT ASSETS
Plant and equipment, net	491,706	568,854
Operating lease right of use asset	19,060,635	19,796,564
Long-term prepayments	291,027	291,938
Long-term receivables	2,500,000	2,500,000
Total non-current assets	22,343,368	23,157,356
TOTAL ASSETS	50,631,962	52,338,748
CURRENT LIABILITIES
Short-term loan	465,067	440,671
Accounts payable	79,364	359,488
Advances from customers	243,717	202,567
Accrued expenses and other payables	417,273	1,372,962
Operating lease liability current portion	1,068,257	1,059,497
Total current liabilities	2,451,428	4,581,930
NON-CURRENT LIABILITIES
Convertible debts	3,214,514	2,684,697
Derivative liabilities	949,791	287,955
Operating lease liability	19,226,050	18,737,066
Total non-current liabilities	23,390,355	21,709,718
TOTAL LIABILITIES	25,841,783	26,291,648
EQUITY
Common stock ($0.001 par value, 250,000,000 shares authorized, 6,043,769 and 5,383,769 shares issued and outstanding at September 30 and March 31, 2024, respectively)	6,044	5,384
Additional paid-in capital	35,240,981	34,510,869
Accumulated Deficit	(10,511,833)	(8,569,190)
Statutory reserve	37,020	37,020
Accumulated other comprehensive loss	17,967	63,017
Total equity	24,790,179	26,047,100
TOTAL LIABILITIES AND EQUITY	50,631,962	52,338,748
Related Party [Member]
CURRENT ASSETS
Amount due from related party	3,840,154	3,012,892
CURRENT LIABILITIES
Amount due to related parties	$ 177,750	$ 1,146,745

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Sep. 30, 2024	Mar. 31, 2024
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.001	$ 0.001
Common stock, shares authorized	250,000,000	250,000,000
Common stock, shares issued	6,043,769	5,383,769
Common stock, shares outstanding	6,043,769	5,383,769

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Statement [Abstract]
REVENUES	$ 1,341,478	$ 1,335,314	$ 2,192,511	$ 2,387,820
COST OF REVENUES	(1,012,837)	(932,427)	(1,661,275)	(1,748,024)
GROSS PROFIT	328,641	402,887	531,236	639,796
OPERATING EXPENSES
Selling and marketing	(22,351)	(37,212)	(161,711)	(37,212)
General and administrative	(551,356)	(670,607)	(1,119,607)	(1,168,465)
Total operating expenses	(573,707)	(707,819)	(1,281,318)	(1,205,677)
INCOME (LOSS) FROM OPERATIONS	(245,066)	(304,932)	(750,082)	(565,881)
Fair value gain or loss	(531,614)	2,854,595	(397,397)	1,566,592
Interest income	342	1,693	710	3,417
Interest expenses	(58,045)	(603,819)	(905,727)	(1,896,534)
Other income, net	113,913	(581,900)	111,399	(469,414)
(LOSS) INCOME BEFORE INCOME TAX EXPENSE	(720,470)	1,365,637	(1,941,097)	(1,361,820)
INCOME TAX EXPENSE	(1,062)	(3,237)	(1,546)	(4,501)
NET (LOSS) INCOME	(721,532)	1,362,400	(1,942,643)	(1,366,321)
Foreign currency translation gain	(59,460)	2,302	(45,050)	89,752
TOTAL COMPREHENSIVE INCOME (LOSS)	$ (780,992)	$ 1,364,702	$ (1,987,693)	$ (1,276,569)
EARNINGS PER SHARE
Earnings (Loss) per share, Basic	$ (0.13)	$ 0.37	$ (0.36)	$ (0.37)
Earnings (Loss) per share, Diluted	$ (0.13)	$ 0.37	$ (0.36)	$ (0.37)
Weighted average number of shares outstanding - Basic	5,360,143	3,656,442	5,360,143	3,656,442
Weighted average number of shares outstanding - Diluted	5,360,143	3,656,442	5,360,143	3,656,442

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Changes in Equity (Unaudited) - USD ($)	Common Stock [Member]	Additional Paid-in Capital [Member]	Retained Earnings Unrestricted [Member]	Retained Earnings Statutory Reserve [Member]	AOCI Attributable to Parent [Member]	Total
Balance at Mar. 31, 2023	$ 35,455	$ 29,528,564	$ (5,451,209)	$ 28,457	$ (19,473)	$ 24,121,794
Balance, shares at Mar. 31, 2023	35,454,670
Additional paid-in capital from conversion of convertible debts		3,999,404				3,999,404
Foreign currency translation					89,752	89,752
Net income for the period			(1,366,321)			(1,366,321)
Issuance of new shares before reversed split	$ 1,941	(1,941)
Issuance of new shares before reversed split, shares	1,940,750
Reverse stock split	$ (33,656)	33,656
Reverse stock split, shares	(33,655,878)
New shares for round up of fragmental shares	$ 0	0
New shares for round up of fragmental shares, shares	39
Issuance of new shares after reversed split	$ 755	(755)
Issuance of new shares after reversed split, shares	755,398
Balance at Sep. 30, 2023	$ 4,495	33,558,928	(6,817,530)	28,457	70,279	26,844,629
Balance, shares at Sep. 30, 2023	4,494,979
Balance at Jun. 30, 2023	$ 3,740	32,406,317	(8,179,930)	28,457	67,977	24,326,561
Balance, shares at Jun. 30, 2023	3,739,581
Issuance of new shares	$ 755	(755)
Issuance of new shares, shares	755,398
Additional paid-in capital from conversion of convertible debts		1,153,366				1,153,366
Foreign currency translation					2,302	2,302
Net income for the period			1,362,400			1,362,400
Balance at Sep. 30, 2023	$ 4,495	33,558,928	(6,817,530)	28,457	70,279	26,844,629
Balance, shares at Sep. 30, 2023	4,494,979
Balance at Mar. 31, 2024	$ 5,384	34,510,869	(8,569,190)	37,020	63,017	26,047,100
Balance, shares at Mar. 31, 2024	5,383,769
Issuance of new shares	$ 660	646,140				646,800
Issuance of new shares, shares	660,000
Additional paid-in capital from conversion of convertible debts		83,972				83,972
Foreign currency translation					(45,050)	(45,050)
Net income for the period			(1,942,643)			(1,942,643)
Balance at Sep. 30, 2024	$ 6,044	35,240,981	(10,511,833)	37,020	17,967	24,790,179
Balance, shares at Sep. 30, 2024	6,043,769
Balance at Jun. 30, 2024	$ 6,044	35,157,009	(9,790,301)	37,020	77,427	25,487,199
Balance, shares at Jun. 30, 2024	6,043,769
Additional paid-in capital from conversion of convertible debts		83,972				83,972
Foreign currency translation					(59,460)	(59,460)
Net income for the period			(721,532)			(721,532)
Balance at Sep. 30, 2024	$ 6,044	$ 35,240,981	$ (10,511,833)	$ 37,020	$ 17,967	$ 24,790,179
Balance, shares at Sep. 30, 2024	6,043,769

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (1,942,643)	$ (1,366,321)
Adjustments to reconcile net income (loss) to net cash used in operating activities:
Depreciation	365,733	146,106
Non-cash financial cost	878,228	1,884,984
Investment income	330,000	(218,750)
Fair value gain or loss	397,398	(1,566,592)
Loss on debts extinguishment		697,318
Gain on bargain purchase		(975)
Loss from sale of property and equipment	43,081
Loss on disposal of subsidiary	334,135
Changes in operating assets and liabilities
Accounts receivable	489,599	(202,150)
Inventories	(137,062)	35,155
Advances to suppliers	(50,236)	(816,464)
Other receivables	(74,993)	(76,100)
Accounts payables	(280,124)	(12,460)
Accrued expenses and other payables	134,732	(65,645)
Advances from customers	41,150	(17,592)
Net cash provided by (used in) operating activities	528,998	(1,579,486)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchase of property and equipment and intangible assets	(107,432)	(5,274)
Cash decreased in disposal of subsidiary	(8,219)
Net cash used in investing activities	(115,651)	(5,274)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from related party borrowings	151,574	1,960,902
Repayment of related party borrowings	(273,632)	(3,112,467)
Release of restricted cash		3,850,000
Proceeds from bank borrowings	695,343
Repayment of bank borrowings	(683,638)
Cash advance to related parties	(2,962,753)
Repayment from related parties	2,010,740
Proceeds from issue of ordinary shares	646,800
Net cash provided by (used in) financing activities	(415,566)	2,698,435
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH	(2,219)	1,113,675
Effect of exchange rate changes on cash and cash equivalents	(3,422)	67,889
Cash and restricted cash, beginning of the period	816,186	562,711
CASH AND RESTRICTED CASH, END OF THE PERIOD	810,545	1,744,275
Supplemental disclosure of cash flow information:
Cash paid during the period for interest	26,731
Cash paid during the period for income tax	1,546	4,501
Supplemental disclosure of non-cash investing and financing activities:
Right-of-use assets obtained in exchange for operating lease obligations	$ 1,233,672	$ 19,512,400

ORGANIZATION AND BUSINESS ACQUI

ORGANIZATION AND BUSINESS ACQUISITIONS	6 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
ORGANIZATION AND BUSINESS ACQUISITIONS	1. ORGANIZATION AND BUSINESS ACQUISITIONS ATXG and its subsidiaries (the “Company”) are engaged in the business of garments manufacturing, providing logistic services, property leasing and management service in the People’s Republic of China (“PRC” or “China”).

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Sep. 30, 2024
Organization, Consolidation and Presentation of Financial Statements [Abstract]
BASIS OF PRESENTATION	2. BASIS OF PRESENTATION In the opinion of management, the unaudited condensed consolidated financial statements reflect all adjustments of a normal recurring nature that are necessary for a fair presentation of the results for the interim periods presented. All significant intercompany transactions and balances are eliminated in consolidation. However, the results of operations included in such financial statements may not necessarily be indicative of annual results. The Company uses the same accounting policies in preparing quarterly and annual financial statements. Certain information and footnote disclosures normally included in the annual consolidated financial statements prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) have been condensed or omitted. These unaudited condensed consolidated financial statements should be read in conjunction with the Company’s audited consolidated financial statements and notes thereto included in the Company’s Annual Report on Form 10-K for the year ended March 31, 2024 filed with the Securities and Exchange Commission (“SEC”) on July 15, 2024 (“2023 Form 10-K”).

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	3. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. There is no change in the accounting policies for the six months ended September 30, 2024. Recently issued accounting pronouncements Accounting for Convertible Instruments: In August 2020, FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (ASU 2020-06), as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards while maintaining or improving the usefulness of the information provided to users of financial statements. Among other changes, the new guidance removes from GAAP separation models for convertible debt that require the convertible debt to be separated into a debt and equity component, unless the conversion feature is required to be bifurcated and accounted for as a derivative or the debt is issued at a substantial premium. As a result, after adopting the guidance, entities will no longer separately present such embedded conversion features in equity and will instead account for the convertible debt wholly as debt. The new guidance also requires use of the “if-converted” method when calculating the dilutive impact of convertible debt on earnings per share, which is consistent with the Company’s current accounting treatment under the current guidance. The guidance is effective for financial statements issued for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years, with early adoption permitted, but only at the beginning of the fiscal year. The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s consolidated financial statements.

DISPOSITION OF SUBSIDIARIES

DISPOSITION OF SUBSIDIARIES	6 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
DISPOSITION OF SUBSIDIARIES	4. DISPOSITION OF SUBSIDIARIES The Company disposed of its subsidiary Shantou Yi Bai Yi Garment Co., Ltd, a PRC Company (“YBY”), a manufacturing company in garment manufacturing segment at end of August 2024 to the local management of YBY. After disposition, YBY became third party to the Company. The Company will not have any businesses with YBY. The Company will carry on the garment manufacturing segment business through other subsidiaries. The disposition of YBY did not qualify as discontinued operations. Financial position of the entities at disposal date and gain or loss on disposal: Garment Manufacturing Segment SCHEDULE OF FINANCIAL POSITION OF ENTITIES AND GAIN OR LOSS ON DISPOSAL Financial position of YBY August 31, 2024, Current assets $ 1,165,329 Noncurrent assets 134 Current liabilities (863,205 ) Net assets $ 302,258 The consideration was Nil 334,135

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS	6 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
RELATED PARTY TRANSACTIONS	5. RELATED PARTY TRANSACTIONS SCHEDULE OF RELATED PARTIES RELATIONSHIP WITH COMPANY Name of Related Parties Relationship with the Company Zhida Hong President, CEO, and a director of the Company Hongye Financial Consulting (Shenzhen) Co., Ltd. A company controlled by CEO, Mr. Zhida Hong Bihua Yang A legal representative of XKJ Dewu Huang A legal representative of YBY, ceased to be related party at August 31, 2024 when YBY was disposed. Jinlong Huang Management of HSW The Company leases Shenzhen XKJ office rent-free from Bihua Yang. Hongye Financial Consulting (Shenzhen) Co., Ltd. provided guarantee to the consideration receivable of transfer of a debt security to a third party. The Company had the following related party balances as of September 30, 2024 and March 31, 2024: SCHEDULE OF AMOUNT DUE FROM RELATED PARTY Amount due from related party September 30, 2024 March 31, 2024 Zhida Hong (1) $ 2,847,417 $ 2,154,759 Bihua Yang (2) 992,737 858,133 Amount due from related party $ 3,840,154 $ 3,012,892 (1) The increase of related party from Hong Zhida was short term loan to Hong Zhida, which is interest free and would be repaid in one year. (2) The increase of related party debt from Yang Bihua was mainly due to the cash paid in advance to Yang Bihua. During the quarter ended September 30, 2024, the Company provided a short term loan of approximately $0.31 million to Yang Bihua and received repayment of approximately $0.30 million from him. SCHEDULE OF RELATED PARTIES BORROWINGS Related party borrowings September 30, 2024 March 31, 2024 Hongye Financial Consulting (Shenzhen) Co., Ltd. 40,527 170,967 Dewu Huang (3) - 864,599 Jinlong Huang 137,223 111,179 Related party borrowings $ 177,750 $ 1,146,745 (1) The increase of related party debt from Hong Zhida was short term loan to Hong Zhida, which is interest free and to be repaid in one year. (2) The increase of related party debt from Yang Bihua was mainly due to the cash paid in advance to Yang Bihua. During the quarter ended September 30, 2024, the Company provided a short term loan of approximately $ 0.31 0.3 (3) The Company received financial support from Huang Dewu to fund company’s daily operation. The decrease is because YBY was disposed of in August 2024. The borrowing balances with related parties are unsecured, non-interest bearing and repayable on demand.

DEBT SECURITIES HELD-TO-MATURIT

DEBT SECURITIES HELD-TO-MATURITY	6 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
DEBT SECURITIES HELD-TO-MATURITY	6. DEBT SECURITIES HELD-TO-MATURITY SCHEDULE OF DEBT SECURITIES HELD TO MATURITY September 30, 2024 March 31, 2024 Debt securities held-to-maturity $ 17,500,000 $ 17,500,000 The Company purchased a note issued by a third-party investment company on August 24, 2022. The principal amount of the note is $ 17,500,000 . The note is renewable with one-year tenor on August 23, 2023 and 2.5 % p.a. coupon. On August 23, 2023, the Company entered into an agreement to transfer the principal and coupon receivable to a third party. During the quarter ended September 30, 2024, the Company received interest payment of $ 545,000 . As of September 30, and March 31, 2024, the coupon receivable was $ 330,000 and $ 437,500 . The debt is guaranteed by Hongye Financial Consulting (Shenzhen) Co., Ltd., the company controlled by our CEO, Mr. Hong Zhida.

INVENTORIES

INVENTORIES	6 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
INVENTORIES	7. INVENTORIES Inventories consist of the following as of September 30, 2024 and March 31, 2024: SCHEDULE OF INVENTORIES September 30, 2024 March 31, 2024 Raw materials $ 9,939 $ 20,947 Work in progress 6,836 - Finished goods 174,933 42,558 Total inventories $ 191,708 $ 63,505

ADVANCES TO SUPPLIERS

ADVANCES TO SUPPLIERS	6 Months Ended
	Sep. 30, 2024
Advances To Suppliers
ADVANCES TO SUPPLIERS	8. ADVANCES TO SUPPLIERS The Company has made advances to third-party suppliers in advance of receiving inventory parts. These advances are generally made to expedite the delivery of required inventory when needed and to help to ensure priority and preferential pricing on such inventory. The amounts advanced to suppliers are fully refundable on demand. The Company reviews a supplier’s credit history and background information before advancing a payment. If the financial condition of its suppliers were to deteriorate, resulting in an impairment of their ability to deliver goods or provide services, the Company would recognize bad debt expense in the period they are considered unlikely to be collected.

PREPAYMENTS AND OTHER RECEIVABL

PREPAYMENTS AND OTHER RECEIVABLES	6 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
PREPAYMENTS AND OTHER RECEIVABLES	9. PREPAYMENTS AND OTHER RECEIVABLES Prepayments and other receivables consist of the following as of September 30 and March 31, 2024: SCHEDULE OF PREPAYMENTS AND OTHER RECEIVABLES September 30, 2024 March 31, 2024 Prepayment 29,091 34,693 Deposit 755,345 741,465 Receivable of consideration on disposal of subsidiaries - 152,882 Receivable of interest income from debt security 330,000 437,500 Other receivables 553,378 556,456 Prepayments and other receivables $ 1,667,814 $ 1,922,996

PROPERTY, PLANT AND EQUIPMENT

PROPERTY, PLANT AND EQUIPMENT	6 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
PROPERTY, PLANT AND EQUIPMENT	10. PROPERTY, PLANT AND EQUIPMENT Property, plant and equipment consists of the following as of September 30 and March 31, 2024: SCHEDULE OF PROPERTY PLANT AND EQUIPMENT September 30, 2024 March 31, 2024 Production plant $ 106,809 $ 105,738 Motor vehicles 846,852 1,047,121 Office equipment 53,997 52,486 Property, plant and equipment gross 1,007,659 1,205,345 Less: accumulated depreciation (515,953 ) (636,491 ) Plant and equipment, net $ 491,706 $ 568,854 Depreciation expense for the three and six months ended September 30, 2024 and 2023 was $ 26,942 23,019 75,919 57,002

LONG-TERM RECEIVABLES

LONG-TERM RECEIVABLES	6 Months Ended
	Sep. 30, 2024
Receivables [Abstract]
LONG-TERM RECEIVABLES	11. LONG-TERM RECEIVABLES The Company entered into a long-term loan agreement with an independent third party in September 2022. The principal to the borrower is $ 2.5 interest free expire in August 2025.

SHORT-TERM BANK LOAN

SHORT-TERM BANK LOAN	6 Months Ended
	Sep. 30, 2024
Debt Disclosure [Abstract]
SHORT-TERM BANK LOAN	12. SHORT-TERM BANK LOAN In August 2019, HSW entered into a facility agreement with Agricultural Bank of China and obtained a line of credit, which allows the Company to borrow up to approximately $ 153,172 1,000,000 134,545 944,255 130,779 4.34 4.9 In February 2023, XKJ entered into a facility agreement with China Construction Bank and obtained a line of revolving credit, which allows the Company to borrow up to approximately $ 1,268,118 9,000,000 163,862 1,150,000 110,799 3.9 February 1, 2026 In December 2023, PF entered into a facility agreement with Sichuan Xinwang Bank Co., Ltd. and obtained a line of credit, which allows the Company to borrow up to approximately $ 68,800 500,000 44,527 312,500 60,593 16.2 December 26, 2025 In March 2024, PF entered into a new facility agreement with WeBank Co., Ltd. and obtained a line of credit, which allows the Company to borrow up to approximately $ 137,602 1,000,000 122,133 857,143 138,500 8.244 March 22, 2026

TAXATION

TAXATION	6 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
TAXATION	13. TAXATION (a) Enterprise Income Tax (“EIT”) The Company operates in the PRC and files tax returns in the PRC jurisdictions. Yingxi Industrial Chain Group Co., Ltd was incorporated in the Republic of Seychelles and, under the current laws of the British Virgin Islands, is not subject to income taxes. It is a wholly owned subsidiary of Addentax Group Corp. Yingxi HK (Yingxi Industrial Chain Investment Co., Ltd.) was incorporated in Hong Kong which is indirectly wholly owned by Addentax Group Corp., and is subject to Hong Kong income tax at a progressive rate of 16.5 YX, our wholly owned subsidiary, was incorporated in the PRC and is subject to the EIT tax rate of 25 The Company is governed by the Income Tax Laws of the PRC. All Yingxi’s operating companies were subject to progressive EIT rates from 5 15 The preferential tax rate will be expired at end of year 2024 and the EIT rate will be 25% from year 2025. The Company’s parent entity, Addentax Group Corp. is a U.S entity and is subject to the United States federal income tax. No provision for income taxes in the United States has been made as Addentax Group Corp. had no United States taxable income for the three months ended September 30, 2024 and 2023. The reconciliation of income taxes computed at the PRC statutory tax rate applicable to the PRC, to income tax expenses are as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION Three months ended Six months ended September 30, September 30, 2024 2023 2024 2023 PRC statutory tax rate 25 % 25 % 25 % 25 % Computed expected benefits (180,118 ) 341,409 (485,275 ) (340,456 ) Temporary differences (30,436 ) (30,918 ) (6,245 ) (24,768 ) Permanent difference (78,809 ) (75,814 ) (46,196 ) 6,312 Changes in valuation allowance 290,425 (231,440 ) 539,262 363,413 Income tax expense $ 1,062 $ 3,237 1,546 4,501 Deferred tax assets had not been recognized in respect of any potential tax benefit that may be derived from non-capital loss carry forward and property and equipment due to past negative evidence of previous cumulative net losses and uncertainty upon restructuring. The management will continue to assess at each reporting period to determine the realizability of deferred tax assets. (b) Value Added Tax (“VAT”) In accordance with the relevant taxation laws in the PRC, the normal VAT rate for domestic sales is 13 13 For services, the applicable VAT rate is 9 3

CONSOLIDATED SEGMENT DATA

CONSOLIDATED SEGMENT DATA	6 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
CONSOLIDATED SEGMENT DATA	14. CONSOLIDATED SEGMENT DATA Segment information is consistent with how chief operating decision maker reviews the businesses, makes investing and resource allocation decisions and assesses operating performance. The segment data presented reflects this segment structure. The Company reports financial and operating information in the following four segments: (a) Garment manufacturing (b) Logistics services (c) Property management and subleasing. The Company also provides general corporate services to its segments and these costs are reported as “Corporate and others”. Selected information in the segment structure is presented in the following tables: Revenues by segment for the three and six months ended September 30, 2024 and 2023 are as follows: SCHEDULE OF SEGMENT REPORTING FOR REVENUE Three months ended Six months ended September 30, September 30, Revenues from external customers 2024 2023 2024 2023 Garments manufacturing segment 148,470 91,218 235,072 145,091 Logistics services segment 964,429 1,186,033 1,450,936 2,184,666 Property management and subleasing 228,579 58,063 506,503 58,063 Total of reportable segments and consolidated revenue $ 1,341,478 $ 1,335,314 $ 2,192,511 $ 2,387,820 Intersegment revenue Garments manufacturing segment - - - - Loss from operations by segment for the three and six ended September 30, 2024 and 2023 are as follows: SCHEDULE OF SEGMENT REPORTING FOR LOSS FROM OPERATION Three months ended Six months ended September 30, September 30, 2024 2023 2024 2023 Garments manufacturing segment 1,622 (18,988 ) (62,023 ) (41,143 ) Logistics services segment 229,558 172,295 250,437 174,229 Property management and subleasing (201,865 ) (13,360 ) (406,298 ) (13,360 ) Total of reportable segments $ 29,315 $ 139,947 $ (217,884 ) $ 119,726 Corporate and other (274,381 ) (444,879 ) (532,198 ) (685,607 ) Total consolidated income (loss) from operations (245,066 ) (304,932 ) (750,082 ) (565,881 ) Total assets by segment as of September 30 and March 31, 2024 are as follows: SCHEDULE OF SEGMENT REPORTING FOR ASSETS Total assets September 30, 2024 March 31, 2024 Garment manufacturing segment $ 249,407 $ 1,357,761 Logistics services segment 3,277,551 3,231,492 Property management and subleasing 20,249,178 20,931,431 Total of reportable segments 23,776,136 25,520,684 Corporate and other 26,855,826 26,818,064 Consolidated total assets $ 50,631,962 $ 52,338,748 Geographical Information The Company operates predominantly in China. In presenting information on the basis of geographical location, revenue is based on the geographical location of customers and long-lived assets are based on the geographical location of the assets. Geographic Information SCHEDULE OF GEOGRAPHICAL INFORMATION Three months ended Six months ended 2024 2023 2024 2023 Revenues China 1,341,478 1,335,314 2,192,511 2,387,820 September 30, 2024 March 31, 2024 Long-Lived Assets China 22,343,368 23,157,356

FINANCIAL INSTRUMENTS

FINANCIAL INSTRUMENTS	6 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
FINANCIAL INSTRUMENTS	15. FINANCIAL INSTRUMENTS On January 4, 2023, the Company entered into a series of agreements with certain accredited investors, pursuant to which the Company received a net proceed of $ 15,000,000 ● senior secured convertible notes in the aggregate original principal amount of approximately $ 16.7 5 July 4, 2024 1.25 ● warrants to purchase up to approximately 16.1 1.25 The Warrant is considered a freestanding instrument issued together with the Convertible Note and measured at its issuance date fair value. Proceeds received were first allocated to the Warrant based on its initial fair value. The initial fair value of the Warrant was $ 3.9 0.3 0.25 The Convertible Note is classified as a liability and is subsequently stated at amortized cost with any difference between the initial carrying value and the repayment amount as interest expenses using the effective interest method over the period from the issuance date to the maturity date. The embedded conversion feature should be bifurcated and separately accounted for using fair value, as this embedded feature is considered not clearly and closely related to the debt host. The bifurcated conversion feature was recorded at fair value with the changes recorded in the consolidated statements of operations and comprehensive loss. The initial fair value of the embedded conversion feature was $ 1.2 0.6 0.04 The Company determined that the other embedded features do not require bifurcation as they either are clearly and closely related to the Convertible Note or do not meet the definition of a derivative. The total proceeds of the Convertible Note and the Warrants, net of issuance cost, of $ 15.0 SCHEDULE OF FINANCIAL INSTRUMENTS As of January 4, 2023 Derivative liabilities – Fair value of the Warrants $ 3,858,521 Derivative liabilities – Embedded conversion feature 1,247,500 Convertible Note 9,893,979 $ 15,000,000 In January 2023, the Company also granted to the placement agent a warrant as partial of agent fee to purchase 0.7 five years 1.25 0.168 In July 2024, the Company entered into agreement with the holder of the convertible notes to extend the maturity date to July 4, 2025. Other than the extension of the maturity date, there is no other amendment to the original note. The original note continued in full force and effect. The Company’s convertible notes obligations were as the following for the three and six months ended September 30, 2024 and 2023: SCHEDULE OF CONVERTIBLE NOTES OBLIGATION Three months ended Six months ended September 30, September 30, 2024 2023 2024 2023 Carrying value – beginning balance $ 3,518,999 $ 8,510,226 $ 2,684,697 $ 11,219,519 Converted to ordinary shares (82,642 ) (813,366 ) (82,642 ) (3,695,810 ) Redemption - (5,687,056 ) - (5,687,056 ) Amortization of debt discount - 423,215 682,648 1,337,412 Deferred debt discount and cost of issuance (264,186 ) (20,645 ) (263,925 ) (1,138,313 ) Interest charge 44,187 170,950 195,580 547,572 Carrying value – ending balance $ 3,216,358 $ 2,583,324 $ 3,216,358 $ 2,583,324 During the three and six months ended September 30, 2024, approximately $ 82,642 132,994 0.6214 0.8 3.7 0.4 3.1 2.264 3.1442 The Company’s derivative liabilities were as the following for the three and six months ended September 30, 2024 and 2023: SCHEDULE OF DERIVATIVE LIABILITIES Three months ended Six months ended September 30, September 30, 2024 2023 2024 2023 Derivative liabilities –Warrants $ $ $ $ Beginning balance 117,440 2,818,563 251,657 2,013,261 Marked to the market 184,549 (2,550,128 ) 50,332 (1,744,826 ) Ending fair value 301,989 268,435 301,989 268,435 Derivative liabilities – Embedded conversion feature Beginning balance 36,036 1,763,997 36,298 277,222 Converted to ordinary shares (1,330 ) (339,999 ) (1,330 ) (453,594 ) Remeasurement on change of convertible price 264,186 20,645 263,925 1,138,314 Redemption - (1,115,627 ) - (1,115,627 ) Marked to the market 347,065 (304,467 ) 347,064 178,234 Ending fair value 645,957 24,549 645,957 24,549 Total Derivative fair value at end of period $ 947,946 $ 292,984 $ 947,946 $ 292,984

LEASE

LEASE	6 Months Ended
	Sep. 30, 2024
Lease
LEASE	16. LEASE As a lessee Right-of-use asset and lease liabilities The Company recognized right-of-use asset as well as lease liability according to the ASC 842, Leases (with the exception of short-term leases). Lease liabilities are measured at present value of the sum of remaining rental payments as of September 30, 2024, with discounted rate of 4.9 The Company leases its head office. The lease period is 5 4.5 16 The following table summarizes the components of lease expense: SCHEDULE OF LEASE EXPENSES Three months ended Six months ended 2024 2023 2024 2023 Operating lease cost 265,894 31,363 524,976 74,801 Short-term lease cost 32,408 34,493 68,871 58,050 Lease Cost $ 298,302 $ 65,856 $ 593,847 $ 132,851 The following table summarizes supplemental information related to leases: SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES Three months ended Six months ended 2024 2023 2024 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flow from operating leases $ 298,302 $ 65,856 593,847 132,851 Right-of-use assets obtained in exchange for new operating leases liabilities 1,096,683 19,511,181 1,233,672 19,512,400 Weighted average remaining lease term - Operating leases (years) 13.9 14.9 13.9 14.9 Weighted average discount rate - Operating leases 4.90 % 4.90 % 4.90 % 4.90 % The following table summarizes the maturity of operating lease liabilities: SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITY Years ending September 30 Lease cost 2025 $ 1,120,463 2026 1,023,446 2027 1,023,446 2028 2,029,793 2029 and there after 24,796,599 Total lease payments 29,993,747 Less: Interest (9,699,440 ) Total $ 20,294,307 As a lessor The Company subleased its leased commercial building by entering into operating leases to third party garment wholesalers and retailers. These leases are negotiated for terms ranging from one five years Rental income from subleasing is disclosed in Note 14 segment data. The future minimum rental receivable under non-cancellable operating leases contracted for the reporting period are as follows: SCHEDULE OF FUTURE MINIMUM RENT RECEIVABLE Years ending September 30 Lease income 2025 $ 216,211 2026 286,740 2027 334,559 2028 89,745 2029 and there after - Total $ 927,255

SHARE CAPITAL

SHARE CAPITAL	6 Months Ended
	Sep. 30, 2024
Equity [Abstract]
SHARE CAPITAL	17. SHARE CAPITAL The Company effected the amendment and combination to the outstanding shares of our common stock into a lesser number of outstanding shares (the “Reverse Stock Split Amendment”) on a ratio of one-for-ten, with effected date on June 26, 2023. On April 29, 2024, the Company entered into two Private Placement Agreements (the “Agreement”) with certain individual investors (the “Investors”) who are independent third parties, pursuant to which the Company issued to each of the investor 330,000 0.001 0.98 646,800 660,000 There are 6,043,769 5,383,769

RISKS AND UNCERTAINTIES

RISKS AND UNCERTAINTIES	6 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
RISKS AND UNCERTAINTIES	18. RISKS AND UNCERTAINTIES (a) Economic and Political Risks The Company’s operations are conducted in the PRC. Accordingly, the Company’s business, financial condition and results of operations may be influenced by the political, economic and legal environment in the PRC, and by the general state of the PRC economy. The Company’s operations in the PRC are subject to special considerations and significant risks not typically associated with companies in North America and Western Europe. These include risks associated with, among others, the political, economic and legal environment and foreign currency exchange. The Company’s results may be adversely affected by changes in the political and social conditions in the PRC, and by changes in governmental policies with respect to laws and regulations, anti-inflationary measures, currency conversion, remittances abroad, and rates and methods of taxation. (b) Foreign Currency Translation The Company’s reporting currency is the U.S. dollar. The functional currency of the parent company is the U.S. dollar and the functional currency of the Company’s operating subsidiaries is the Chinese Renminbi (“RMB”). For the subsidiaries whose functional currencies are the RMB, all assets and liabilities are translated at exchange rates at the balance sheet date, which was 7.02 7.22 7.16 7.004 7.20 7.12 (c) Concentration Risks The followings are the percentages of accounts receivable balance of the top customers over accounts receivable for each segment as of September 30, 2024 and March 31, 2024. Garment manufacturing segment SCHEDULE OF CONCENTRATION RISKS September 30, 2024 March 31, 2024 Customer A 65.2 % Nil % Customer B 34.8 % 3.3 % The high concentration as of September 30, 2024 was mainly due to business development of a large distributor of garments. Logistics services segment September 30, 2024 March 31, 2024 Customer A 19.7 % 1 3.9 % Customer B 19.4 % 8.2 % Customer C 1 4.7 % 2 1.6 % Customer D 6.9 % 9 .9 % Customer E 5.5 % 2.5 % Property management and subleasing segment There is no account receivable for Property management and subleasing segment as for September 30, and March 31, 2024. Concentration on customers For the three months ended September 30, 2024, two customers from Logistics services segment provided more than 10 31.4 28.1 For the three months ended September 30, 2023, one customer from Logistics services segment provided more than 10 11.0 23.9 Concentration on suppliers The following tables summarized the purchases from five largest suppliers of each of the reportable segments for the three months ended September 30, 2024 and 2023. SCHEDULE OF PURCHASES FROM SUPPLIERS Three months ended Six months ended September 30, September 30, 2024 2023 2024 2023 Garment manufacturing segment 60.6 % Nil % 41.8 % Nil % Logistics services segment 100 % 100.0 % 100 % 100.0 % Property management and subleasing 100.0 % 100.0 % 100.0 % 100.0 % (d) Interest Rate Risk The Company’s exposure to interest rate risk primarily relates to the interest expenses on our outstanding bank borrowings and the interest income generated by cash invested in cash deposits and liquid investments. As of September 30, 2024, the total outstanding borrowings amounted to $ 465,067 3,263,898 4.34 16.2

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Sep. 30, 2024
Accounting Policies [Abstract]
Use of Estimates	Use of Estimates The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of revenues and expenses during the reporting periods. Management makes these estimates using the best information available at the time the estimates are made; however actual results could differ materially from those estimates. There is no change in the accounting policies for the six months ended September 30, 2024.
Recently issued accounting pronouncements	Recently issued accounting pronouncements Accounting for Convertible Instruments: In August 2020, FASB issued ASU 2020-06, Accounting for Convertible Instruments and Contracts in an Entity’s Own Equity (ASU 2020-06), as part of its overall simplification initiative to reduce costs and complexity of applying accounting standards while maintaining or improving the usefulness of the information provided to users of financial statements. Among other changes, the new guidance removes from GAAP separation models for convertible debt that require the convertible debt to be separated into a debt and equity component, unless the conversion feature is required to be bifurcated and accounted for as a derivative or the debt is issued at a substantial premium. As a result, after adopting the guidance, entities will no longer separately present such embedded conversion features in equity and will instead account for the convertible debt wholly as debt. The new guidance also requires use of the “if-converted” method when calculating the dilutive impact of convertible debt on earnings per share, which is consistent with the Company’s current accounting treatment under the current guidance. The guidance is effective for financial statements issued for fiscal years beginning after December 15, 2021, and interim periods within those fiscal years, with early adoption permitted, but only at the beginning of the fiscal year. The Company reviews new accounting standards as issued. Management has not identified any other new standards that it believes will have a significant impact on the Company’s consolidated financial statements.

DISPOSITION OF SUBSIDIARIES (Ta

DISPOSITION OF SUBSIDIARIES (Tables)	6 Months Ended
	Sep. 30, 2024
Discontinued Operations and Disposal Groups [Abstract]
SCHEDULE OF FINANCIAL POSITION OF ENTITIES AND GAIN OR LOSS ON DISPOSAL	SCHEDULE OF FINANCIAL POSITION OF ENTITIES AND GAIN OR LOSS ON DISPOSAL Financial position of YBY August 31, 2024, Current assets $ 1,165,329 Noncurrent assets 134 Current liabilities (863,205 ) Net assets $ 302,258

RELATED PARTY TRANSACTIONS (Tab

RELATED PARTY TRANSACTIONS (Tables)	6 Months Ended
	Sep. 30, 2024
Related Party Transactions [Abstract]
SCHEDULE OF RELATED PARTIES RELATIONSHIP WITH COMPANY	SCHEDULE OF RELATED PARTIES RELATIONSHIP WITH COMPANY Name of Related Parties Relationship with the Company Zhida Hong President, CEO, and a director of the Company Hongye Financial Consulting (Shenzhen) Co., Ltd. A company controlled by CEO, Mr. Zhida Hong Bihua Yang A legal representative of XKJ Dewu Huang A legal representative of YBY, ceased to be related party at August 31, 2024 when YBY was disposed. Jinlong Huang Management of HSW
SCHEDULE OF AMOUNT DUE FROM RELATED PARTY	The Company had the following related party balances as of September 30, 2024 and March 31, 2024: SCHEDULE OF AMOUNT DUE FROM RELATED PARTY Amount due from related party September 30, 2024 March 31, 2024 Zhida Hong (1) $ 2,847,417 $ 2,154,759 Bihua Yang (2) 992,737 858,133 Amount due from related party $ 3,840,154 $ 3,012,892 (1) The increase of related party from Hong Zhida was short term loan to Hong Zhida, which is interest free and would be repaid in one year. (2) The increase of related party debt from Yang Bihua was mainly due to the cash paid in advance to Yang Bihua. During the quarter ended September 30, 2024, the Company provided a short term loan of approximately $0.31 million to Yang Bihua and received repayment of approximately $0.30 million from him.
SCHEDULE OF RELATED PARTIES BORROWINGS	SCHEDULE OF RELATED PARTIES BORROWINGS Related party borrowings September 30, 2024 March 31, 2024 Hongye Financial Consulting (Shenzhen) Co., Ltd. 40,527 170,967 Dewu Huang (3) - 864,599 Jinlong Huang 137,223 111,179 Related party borrowings $ 177,750 $ 1,146,745 (1) The increase of related party debt from Hong Zhida was short term loan to Hong Zhida, which is interest free and to be repaid in one year. (2) The increase of related party debt from Yang Bihua was mainly due to the cash paid in advance to Yang Bihua. During the quarter ended September 30, 2024, the Company provided a short term loan of approximately $ 0.31 0.3 (3) The Company received financial support from Huang Dewu to fund company’s daily operation. The decrease is because YBY was disposed of in August 2024.

DEBT SECURITIES HELD-TO-MATUR_2

DEBT SECURITIES HELD-TO-MATURITY (Tables)	6 Months Ended
	Sep. 30, 2024
Investments, Debt and Equity Securities [Abstract]
SCHEDULE OF DEBT SECURITIES HELD TO MATURITY	SCHEDULE OF DEBT SECURITIES HELD TO MATURITY September 30, 2024 March 31, 2024 Debt securities held-to-maturity $ 17,500,000 $ 17,500,000

INVENTORIES (Tables)

INVENTORIES (Tables)	6 Months Ended
	Sep. 30, 2024
Inventory Disclosure [Abstract]
SCHEDULE OF INVENTORIES	Inventories consist of the following as of September 30, 2024 and March 31, 2024: SCHEDULE OF INVENTORIES September 30, 2024 March 31, 2024 Raw materials $ 9,939 $ 20,947 Work in progress 6,836 - Finished goods 174,933 42,558 Total inventories $ 191,708 $ 63,505

PREPAYMENTS AND OTHER RECEIVA_2

PREPAYMENTS AND OTHER RECEIVABLES (Tables)	6 Months Ended
	Sep. 30, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
SCHEDULE OF PREPAYMENTS AND OTHER RECEIVABLES	Prepayments and other receivables consist of the following as of September 30 and March 31, 2024: SCHEDULE OF PREPAYMENTS AND OTHER RECEIVABLES September 30, 2024 March 31, 2024 Prepayment 29,091 34,693 Deposit 755,345 741,465 Receivable of consideration on disposal of subsidiaries - 152,882 Receivable of interest income from debt security 330,000 437,500 Other receivables 553,378 556,456 Prepayments and other receivables $ 1,667,814 $ 1,922,996

PROPERTY, PLANT AND EQUIPMENT (

PROPERTY, PLANT AND EQUIPMENT (Tables)	6 Months Ended
	Sep. 30, 2024
Property, Plant and Equipment [Abstract]
SCHEDULE OF PROPERTY PLANT AND EQUIPMENT	Property, plant and equipment consists of the following as of September 30 and March 31, 2024: SCHEDULE OF PROPERTY PLANT AND EQUIPMENT September 30, 2024 March 31, 2024 Production plant $ 106,809 $ 105,738 Motor vehicles 846,852 1,047,121 Office equipment 53,997 52,486 Property, plant and equipment gross 1,007,659 1,205,345 Less: accumulated depreciation (515,953 ) (636,491 ) Plant and equipment, net $ 491,706 $ 568,854

TAXATION (Tables)

TAXATION (Tables)	6 Months Ended
	Sep. 30, 2024
Income Tax Disclosure [Abstract]
SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION	The reconciliation of income taxes computed at the PRC statutory tax rate applicable to the PRC, to income tax expenses are as follows: SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION Three months ended Six months ended September 30, September 30, 2024 2023 2024 2023 PRC statutory tax rate 25 % 25 % 25 % 25 % Computed expected benefits (180,118 ) 341,409 (485,275 ) (340,456 ) Temporary differences (30,436 ) (30,918 ) (6,245 ) (24,768 ) Permanent difference (78,809 ) (75,814 ) (46,196 ) 6,312 Changes in valuation allowance 290,425 (231,440 ) 539,262 363,413 Income tax expense $ 1,062 $ 3,237 1,546 4,501

CONSOLIDATED SEGMENT DATA (Tabl

CONSOLIDATED SEGMENT DATA (Tables)	6 Months Ended
	Sep. 30, 2024
Segment Reporting [Abstract]
SCHEDULE OF SEGMENT REPORTING FOR REVENUE	Revenues by segment for the three and six months ended September 30, 2024 and 2023 are as follows: SCHEDULE OF SEGMENT REPORTING FOR REVENUE Three months ended Six months ended September 30, September 30, Revenues from external customers 2024 2023 2024 2023 Garments manufacturing segment 148,470 91,218 235,072 145,091 Logistics services segment 964,429 1,186,033 1,450,936 2,184,666 Property management and subleasing 228,579 58,063 506,503 58,063 Total of reportable segments and consolidated revenue $ 1,341,478 $ 1,335,314 $ 2,192,511 $ 2,387,820 Intersegment revenue Garments manufacturing segment - - - -
SCHEDULE OF SEGMENT REPORTING FOR LOSS FROM OPERATION	Loss from operations by segment for the three and six ended September 30, 2024 and 2023 are as follows: SCHEDULE OF SEGMENT REPORTING FOR LOSS FROM OPERATION Three months ended Six months ended September 30, September 30, 2024 2023 2024 2023 Garments manufacturing segment 1,622 (18,988 ) (62,023 ) (41,143 ) Logistics services segment 229,558 172,295 250,437 174,229 Property management and subleasing (201,865 ) (13,360 ) (406,298 ) (13,360 ) Total of reportable segments $ 29,315 $ 139,947 $ (217,884 ) $ 119,726 Corporate and other (274,381 ) (444,879 ) (532,198 ) (685,607 ) Total consolidated income (loss) from operations (245,066 ) (304,932 ) (750,082 ) (565,881 )
SCHEDULE OF SEGMENT REPORTING FOR ASSETS	Total assets by segment as of September 30 and March 31, 2024 are as follows: SCHEDULE OF SEGMENT REPORTING FOR ASSETS Total assets September 30, 2024 March 31, 2024 Garment manufacturing segment $ 249,407 $ 1,357,761 Logistics services segment 3,277,551 3,231,492 Property management and subleasing 20,249,178 20,931,431 Total of reportable segments 23,776,136 25,520,684 Corporate and other 26,855,826 26,818,064 Consolidated total assets $ 50,631,962 $ 52,338,748
SCHEDULE OF GEOGRAPHICAL INFORMATION	The Company operates predominantly in China. In presenting information on the basis of geographical location, revenue is based on the geographical location of customers and long-lived assets are based on the geographical location of the assets. Geographic Information SCHEDULE OF GEOGRAPHICAL INFORMATION Three months ended Six months ended 2024 2023 2024 2023 Revenues China 1,341,478 1,335,314 2,192,511 2,387,820 September 30, 2024 March 31, 2024 Long-Lived Assets China 22,343,368 23,157,356

FINANCIAL INSTRUMENTS (Tables)

FINANCIAL INSTRUMENTS (Tables)	6 Months Ended
	Sep. 30, 2024
Investments, All Other Investments [Abstract]
SCHEDULE OF FINANCIAL INSTRUMENTS	SCHEDULE OF FINANCIAL INSTRUMENTS As of January 4, 2023 Derivative liabilities – Fair value of the Warrants $ 3,858,521 Derivative liabilities – Embedded conversion feature 1,247,500 Convertible Note 9,893,979 $ 15,000,000
SCHEDULE OF CONVERTIBLE NOTES OBLIGATION	The Company’s convertible notes obligations were as the following for the three and six months ended September 30, 2024 and 2023: SCHEDULE OF CONVERTIBLE NOTES OBLIGATION Three months ended Six months ended September 30, September 30, 2024 2023 2024 2023 Carrying value – beginning balance $ 3,518,999 $ 8,510,226 $ 2,684,697 $ 11,219,519 Converted to ordinary shares (82,642 ) (813,366 ) (82,642 ) (3,695,810 ) Redemption - (5,687,056 ) - (5,687,056 ) Amortization of debt discount - 423,215 682,648 1,337,412 Deferred debt discount and cost of issuance (264,186 ) (20,645 ) (263,925 ) (1,138,313 ) Interest charge 44,187 170,950 195,580 547,572 Carrying value – ending balance $ 3,216,358 $ 2,583,324 $ 3,216,358 $ 2,583,324
SCHEDULE OF DERIVATIVE LIABILITIES	The Company’s derivative liabilities were as the following for the three and six months ended September 30, 2024 and 2023: SCHEDULE OF DERIVATIVE LIABILITIES Three months ended Six months ended September 30, September 30, 2024 2023 2024 2023 Derivative liabilities –Warrants $ $ $ $ Beginning balance 117,440 2,818,563 251,657 2,013,261 Marked to the market 184,549 (2,550,128 ) 50,332 (1,744,826 ) Ending fair value 301,989 268,435 301,989 268,435 Derivative liabilities – Embedded conversion feature Beginning balance 36,036 1,763,997 36,298 277,222 Converted to ordinary shares (1,330 ) (339,999 ) (1,330 ) (453,594 ) Remeasurement on change of convertible price 264,186 20,645 263,925 1,138,314 Redemption - (1,115,627 ) - (1,115,627 ) Marked to the market 347,065 (304,467 ) 347,064 178,234 Ending fair value 645,957 24,549 645,957 24,549 Total Derivative fair value at end of period $ 947,946 $ 292,984 $ 947,946 $ 292,984

LEASE (Tables)

LEASE (Tables)	6 Months Ended
	Sep. 30, 2024
Lease
SCHEDULE OF LEASE EXPENSES	The following table summarizes the components of lease expense: SCHEDULE OF LEASE EXPENSES Three months ended Six months ended 2024 2023 2024 2023 Operating lease cost 265,894 31,363 524,976 74,801 Short-term lease cost 32,408 34,493 68,871 58,050 Lease Cost $ 298,302 $ 65,856 $ 593,847 $ 132,851
SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES	The following table summarizes supplemental information related to leases: SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES Three months ended Six months ended 2024 2023 2024 2023 Cash paid for amounts included in the measurement of lease liabilities Operating cash flow from operating leases $ 298,302 $ 65,856 593,847 132,851 Right-of-use assets obtained in exchange for new operating leases liabilities 1,096,683 19,511,181 1,233,672 19,512,400 Weighted average remaining lease term - Operating leases (years) 13.9 14.9 13.9 14.9 Weighted average discount rate - Operating leases 4.90 % 4.90 % 4.90 % 4.90 %
SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITY	The following table summarizes the maturity of operating lease liabilities: SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITY Years ending September 30 Lease cost 2025 $ 1,120,463 2026 1,023,446 2027 1,023,446 2028 2,029,793 2029 and there after 24,796,599 Total lease payments 29,993,747 Less: Interest (9,699,440 ) Total $ 20,294,307
SCHEDULE OF FUTURE MINIMUM RENT RECEIVABLE	The future minimum rental receivable under non-cancellable operating leases contracted for the reporting period are as follows: SCHEDULE OF FUTURE MINIMUM RENT RECEIVABLE Years ending September 30 Lease income 2025 $ 216,211 2026 286,740 2027 334,559 2028 89,745 2029 and there after - Total $ 927,255

RISKS AND UNCERTAINTIES (Tables

RISKS AND UNCERTAINTIES (Tables)	6 Months Ended
	Sep. 30, 2024
Risks and Uncertainties [Abstract]
SCHEDULE OF CONCENTRATION RISKS	The followings are the percentages of accounts receivable balance of the top customers over accounts receivable for each segment as of September 30, 2024 and March 31, 2024. Garment manufacturing segment SCHEDULE OF CONCENTRATION RISKS September 30, 2024 March 31, 2024 Customer A 65.2 % Nil % Customer B 34.8 % 3.3 % The high concentration as of September 30, 2024 was mainly due to business development of a large distributor of garments. Logistics services segment September 30, 2024 March 31, 2024 Customer A 19.7 % 1 3.9 % Customer B 19.4 % 8.2 % Customer C 1 4.7 % 2 1.6 % Customer D 6.9 % 9 .9 % Customer E 5.5 % 2.5 %
SCHEDULE OF PURCHASES FROM SUPPLIERS	The following tables summarized the purchases from five largest suppliers of each of the reportable segments for the three months ended September 30, 2024 and 2023. SCHEDULE OF PURCHASES FROM SUPPLIERS Three months ended Six months ended September 30, September 30, 2024 2023 2024 2023 Garment manufacturing segment 60.6 % Nil % 41.8 % Nil % Logistics services segment 100 % 100.0 % 100 % 100.0 % Property management and subleasing 100.0 % 100.0 % 100.0 % 100.0 %

SCHEDULE OF FINANCIAL POSITION

SCHEDULE OF FINANCIAL POSITION OF ENTITIES AND GAIN OR LOSS ON DISPOSAL (Details) - Garment Manufacturing Segment [Member] - Shantou Yi Bai Yi Garment Co Ltd [Member]	Aug. 31, 2024 USD ($)
Current assets	$ 1,165,329
Noncurrent assets	134
Current liabilities	(863,205)
Net assets	$ 302,258

DISPOSITION OF SUBSIDIARIES (De

DISPOSITION OF SUBSIDIARIES (Details Narrative) - USD ($)	1 Months Ended	6 Months Ended
	Aug. 31, 2024	Sep. 30, 2024	Sep. 30, 2023
Discontinued Operations and Disposal Groups [Abstract]
Disposal consideration
Gain loss on disposal of subsidiary	$ 334,135	$ (334,135)

SCHEDULE OF RELATED PARTIES REL

SCHEDULE OF RELATED PARTIES RELATIONSHIP WITH COMPANY (Details)	6 Months Ended
	Sep. 30, 2024
Zhida Hong [Member]
Related Party Transaction [Line Items]
Name of Related Parties	Zhida Hong
Relationship with the Company	President, CEO, and a director of the Company
Hongye Financial Consulting (Shenzhen) Co., Ltd. [Member]
Related Party Transaction [Line Items]
Name of Related Parties	Hongye Financial Consulting (Shenzhen) Co., Ltd.
Relationship with the Company	A company controlled by CEO, Mr. Zhida Hong
Bihua Yang [Member]
Related Party Transaction [Line Items]
Name of Related Parties	Bihua Yang
Relationship with the Company	A legal representative of XKJ
Dewu Huang [Member]
Related Party Transaction [Line Items]
Name of Related Parties	Dewu Huang
Relationship with the Company	A legal representative of YBY, ceased to be related party at August 31, 2024 when YBY was disposed.
Jinlong Huang [Member]
Related Party Transaction [Line Items]
Name of Related Parties	Jinlong Huang
Relationship with the Company	Management of HSW

SCHEDULE OF AMOUNT DUE FROM REL

SCHEDULE OF AMOUNT DUE FROM RELATED PARTY (Details) - USD ($)		Sep. 30, 2024	Mar. 31, 2024
Zhida Hong [Member]
Related Party Transaction [Line Items]
Amount due from related party	[1]	$ 2,847,417	$ 2,154,759
Bihua Yang [Member]
Related Party Transaction [Line Items]
Amount due from related party	[2]	992,737	858,133
Related Party [Member]
Related Party Transaction [Line Items]
Amount due from related party		$ 3,840,154	$ 3,012,892
[1]The increase of related party from Hong Zhida was short term loan to Hong Zhida, which is interest free and would be repaid in one year.[2]The increase of related party debt from Yang Bihua was mainly due to the cash paid in advance to Yang Bihua. During the quarter ended September 30, 2024, the Company provided a short term loan of approximately $0.31 million to Yang Bihua and received repayment of approximately $0.30 million from him.

SCHEDULE OF RELATED PARTIES BOR

SCHEDULE OF RELATED PARTIES BORROWINGS (Details) - USD ($)		6 Months Ended	12 Months Ended
		Sep. 30, 2024	Mar. 31, 2024
Related Party Transaction [Line Items]
Related party borrowings		$ 177,750	$ 1,146,745
Hongye Financial Consulting (Shenzhen) Co., Ltd. [Member]
Related Party Transaction [Line Items]
Related party borrowings		40,527	170,967
Dewu Huang [Member]
Related Party Transaction [Line Items]
Related party borrowings	[1]		864,599
Jinlong Huang [Member]
Related Party Transaction [Line Items]
Related party borrowings		$ 137,223	$ 111,179
[1]The Company received financial support from Huang Dewu to fund company’s daily operation. The decrease is because YBY was disposed of in August 2024.

SCHEDULE OF AMOUNT DUE FROM R_2

SCHEDULE OF AMOUNT DUE FROM RELATED PARTY (Details) (Parenthetical) - Yang Bihua [Member] $ in Thousands	3 Months Ended
	Sep. 30, 2024 USD ($)
Related Party Transaction [Line Items]
Short term loan	$ 310
Received repayment of related party debt	$ 300

SCHEDULE OF DEBT SECURITIES HEL

SCHEDULE OF DEBT SECURITIES HELD TO MATURITY (Details) - USD ($)	Sep. 30, 2024	Mar. 31, 2024	Aug. 24, 2022
Investments, Debt and Equity Securities [Abstract]
Debt securities held-to-maturity	$ 17,500,000	$ 17,500,000	$ 17,500,000

DEBT SECURITIES HELD-TO-MATUR_3

DEBT SECURITIES HELD-TO-MATURITY (Details Narrative) - USD ($)	3 Months Ended
	Sep. 30, 2024	Mar. 31, 2024	Jan. 04, 2023	Aug. 24, 2022
Investments, Debt and Equity Securities [Abstract]
Debt Securities, Current	$ 17,500,000	$ 17,500,000		$ 17,500,000
Debt Instrument, Interest Rate, Stated Percentage	2.50%		5%
Debt Instrument, Periodic Payment, Interest	$ 545,000
[custom:CouponReceivable-0]	$ 330,000	$ 437,500

SCHEDULE OF INVENTORIES (Detail

SCHEDULE OF INVENTORIES (Details) - USD ($)	Sep. 30, 2024	Mar. 31, 2024
Inventory Disclosure [Abstract]
Raw materials	$ 9,939	$ 20,947
Work in progress	6,836
Finished goods	174,933	42,558
Total inventories	$ 191,708	$ 63,505

SCHEDULE OF PREPAYMENTS AND OTH

SCHEDULE OF PREPAYMENTS AND OTHER RECEIVABLES (Details) - USD ($)	Sep. 30, 2024	Mar. 31, 2024
Deferred Costs, Capitalized, Prepaid, and Other Assets Disclosure [Abstract]
Prepayment	$ 29,091	$ 34,693
Deposit	755,345	741,465
Receivable of consideration on disposal of subsidiaries		152,882
Receivable of interest income from debt security	330,000	437,500
Other receivables	553,378	556,456
Prepayments and other receivables	$ 1,667,814	$ 1,922,996

SCHEDULE OF PROPERTY PLANT AND

SCHEDULE OF PROPERTY PLANT AND EQUIPMENT (Details) - USD ($)	Sep. 30, 2024	Mar. 31, 2024
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 1,007,659	$ 1,205,345
Less: accumulated depreciation	(515,953)	(636,491)
Plant and equipment, net	491,706	568,854
Production Plant [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	106,809	105,738
Motor Vehicles [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	846,852	1,047,121
Office Equipment [Member]
Property, Plant and Equipment [Line Items]
Property, plant and equipment gross	$ 53,997	$ 52,486

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT (Details Narrative) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Property, Plant and Equipment [Abstract]
Depreciation expense	$ 26,942	$ 23,019	$ 75,919	$ 57,002

LONG-TERM RECEIVABLES (Details

LONG-TERM RECEIVABLES (Details Narrative) - Loan Agreement [Member] $ in Millions	6 Months Ended
	Sep. 30, 2024 USD ($)
Collaborative Arrangement and Arrangement Other than Collaborative [Line Items]
Loan principal amount	$ 2.5
Long term loan interest rate terms	interest free
Long term loan expiry date	expire in August 2025.

SHORT-TERM BANK LOAN (Details N

SHORT-TERM BANK LOAN (Details Narrative)	1 Months Ended			6 Months Ended	9 Months Ended
	Mar. 31, 2024 USD ($)	Dec. 31, 2023 USD ($)	Feb. 28, 2023 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 USD ($)	Sep. 30, 2024 CNY (¥)	Mar. 31, 2024 CNY (¥)	Dec. 31, 2023 CNY (¥)	Feb. 28, 2023 CNY (¥)	Aug. 31, 2019 USD ($)	Aug. 31, 2019 CNY (¥)
Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate				4.34%
Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate				16.20%
Dongguan Agricultural Bank of China [Member] | Facility Agreement [Member]
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity										$ 153,172	¥ 1,000,000
Line of credit borrowing	$ 130,779			$ 134,545	$ 134,545	¥ 944,255
Dongguan Agricultural Bank of China [Member] | Facility Agreement [Member] | Minimum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate					4.34%
Dongguan Agricultural Bank of China [Member] | Facility Agreement [Member] | Maximum [Member]
Debt Instrument [Line Items]
Line of credit facility, interest rate				4.90%
China Construction Bank [Member] | Facility Agreement [Member]
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity			$ 1,268,118						¥ 9,000,000
Line of credit borrowing	110,799			$ 163,862	$ 163,862	¥ 1,150,000
Line of credit facility, interest rate				3.90%	3.90%	3.90%
Expiration date			Feb. 01, 2026
Sichuan Xinwang Bank Co., Ltd. [Member] | Facility Agreement [Member]
Debt Instrument [Line Items]
Line of credit maximum borrowing capacity		$ 68,800						¥ 500,000
Line of credit borrowing	60,593			$ 44,527	$ 44,527	¥ 312,500
Line of credit facility, interest rate				16.20%	16.20%	16.20%
Expiration date		Dec. 26, 2025
WeBank Co., Ltd. [Member] | Facility Agreement [Member]
Debt Instrument [Line Items]
Line of credit borrowing	$ 138,500			$ 122,133	$ 122,133	¥ 857,143
Line of credit facility, interest rate				8.244%	8.244%	8.244%
Expiration date	Mar. 22, 2026
Line of credit borrowing	$ 137,602						¥ 1,000,000

SCHEDULE OF EFFECTIVE INCOME TA

SCHEDULE OF EFFECTIVE INCOME TAX RATE RECONCILIATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Income Tax Disclosure [Abstract]
PRC statutory tax rate	25%	25%	25%	25%
Computed expected benefits	$ (180,118)	$ 341,409	$ (485,275)	$ (340,456)
Temporary differences	(30,436)	(30,918)	(6,245)	(24,768)
Permanent difference	(78,809)	(75,814)	(46,196)	6,312
Changes in valuation allowance	290,425	(231,440)	539,262	363,413
Income tax expense	$ 1,062	$ 3,237	$ 1,546	$ 4,501

TAXATION (Details Narrative)

TAXATION (Details Narrative)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective federal statutory tax rate	25%	25%	25%	25%
Percentage of preferential value added tax			3%	3%
HSW, YBY, AOT, ZHJ and YS [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage of preferential value added tax			13%
Domestic Tax Jurisdiction [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage of value added tax			13%
Logistic Company [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage of value added tax			9%
HONG KONG
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Income tax rate			16.50%
CHINA
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Effective federal statutory tax rate			25%
Percentage of preferential tax benefits and EIT rate and term description			The preferential tax rate will be expired at end of year 2024 and the EIT rate will be 25% from year 2025.
CHINA | Minimum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage on enterprise income tax			5%	5%
CHINA | Maximum [Member]
Significant Change in Unrecognized Tax Benefits is Reasonably Possible [Line Items]
Percentage on enterprise income tax			15%	15%

SCHEDULE OF SEGMENT REPORTING F

SCHEDULE OF SEGMENT REPORTING FOR REVENUE (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Total of reportable segments and consolidated revenue	$ 1,341,478	$ 1,335,314	$ 2,192,511	$ 2,387,820
Garment Manufacturing Segment [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Total of reportable segments and consolidated revenue	148,470	91,218	235,072	145,091
Garment Manufacturing Segment [Member] | Intersubsegment Eliminations [Member]
Segment Reporting Information [Line Items]
Garments manufacturing segment
Logistic Services Segment [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Total of reportable segments and consolidated revenue	964,429	1,186,033	1,450,936	2,184,666
Property Management and Subleasing [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Total of reportable segments and consolidated revenue	$ 228,579	$ 58,063	$ 506,503	$ 58,063

SCHEDULE OF SEGMENT REPORTING_2

SCHEDULE OF SEGMENT REPORTING FOR LOSS FROM OPERATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Segment Reporting Information [Line Items]
Total consolidated income (loss) from operations	$ (245,066)	$ (304,932)	$ (750,082)	$ (565,881)
Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Total consolidated income (loss) from operations	29,315	139,947	(217,884)	119,726
Garment Manufacturing Segment [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Total consolidated income (loss) from operations	1,622	(18,988)	(62,023)	(41,143)
Logistic Services Segment [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Total consolidated income (loss) from operations	229,558	172,295	250,437	174,229
Property Management and Subleasing [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Total consolidated income (loss) from operations	(201,865)	(13,360)	(406,298)	(13,360)
Corporate Segment and Other Operating Segment [Member] | Intersubsegment Eliminations [Member]
Segment Reporting Information [Line Items]
Total consolidated income (loss) from operations	$ (274,381)	$ (444,879)	$ (532,198)	$ (685,607)

SCHEDULE OF SEGMENT REPORTING_3

SCHEDULE OF SEGMENT REPORTING FOR ASSETS (Details) - USD ($)	Sep. 30, 2024	Mar. 31, 2024
Segment Reporting Information [Line Items]
Consolidated total assets	$ 50,631,962	$ 52,338,748
Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	23,776,136	25,520,684
Garment Manufacturing Segment [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	249,407	1,357,761
Logistic Services Segment [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	3,277,551	3,231,492
Property Management and Subleasing [Member] | Reportable Subsegments [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	20,249,178	20,931,431
Corporate Segment and Other Operating Segment [Member] | Intersubsegment Eliminations [Member]
Segment Reporting Information [Line Items]
Consolidated total assets	$ 26,855,826	$ 26,818,064

SCHEDULE OF GEOGRAPHICAL INFORM

SCHEDULE OF GEOGRAPHICAL INFORMATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	$ 1,341,478	$ 1,335,314	$ 2,192,511	$ 2,387,820
Long lived assets	22,343,368		22,343,368		$ 23,157,356
CHINA
Revenues from External Customers and Long-Lived Assets [Line Items]
Revenues	1,341,478	$ 1,335,314	2,192,511	$ 2,387,820
Long lived assets	$ 22,343,368		$ 22,343,368		$ 23,157,356

SCHEDULE OF FINANCIAL INSTRUMEN

SCHEDULE OF FINANCIAL INSTRUMENTS (Details) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 04, 2023	Jan. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Derivative liabilities - Fair value of the Warrants	$ 3,900,000		$ 531,614	$ (2,854,595)	$ 397,397	$ (1,566,592)
Derivative liabilities - Embedded conversion feature	1,200,000
Total	15,000,000	$ 15,000,000
Derivative [Member]
Debt Securities, Held-to-Maturity, Allowance for Credit Loss [Line Items]
Derivative liabilities - Fair value of the Warrants	3,858,521
Derivative liabilities - Embedded conversion feature	1,247,500
Convertible Note	9,893,979
Total	$ 15,000,000

SCHEDULE OF CONVERTIBLE NOTES O

SCHEDULE OF CONVERTIBLE NOTES OBLIGATION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, All Other Investments [Abstract]
Carrying value – beginning balance	$ 3,518,999	$ 8,510,226	$ 2,684,697	$ 11,219,519
Converted to ordinary shares	(82,642)	(813,366)	(82,642)	(3,695,810)
Redemption		(5,687,056)		(5,687,056)
Amortization of debt discount		423,215	682,648	1,337,412
Deferred debt discount and cost of issuance	(264,186)	(20,645)	(263,925)	(1,138,313)
Interest charge	44,187	170,950	195,580	547,572
Carrying value – ending balance	$ 3,216,358	$ 2,583,324	$ 3,216,358	$ 2,583,324

SCHEDULE OF DERIVATIVE LIABILIT

SCHEDULE OF DERIVATIVE LIABILITIES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Investments, All Other Investments [Abstract]
Beginning balance	$ 117,440	$ 2,818,563	$ 251,657	$ 2,013,261
Marked to the market	184,549	(2,550,128)	50,332	(1,744,826)
Ending fair value	301,989	268,435	301,989	268,435
Beginning balance	36,036	1,763,997	36,298	277,222
Converted to ordinary shares	(1,330)	(339,999)	(1,330)	(453,594)
Remeasurement on change of convertible price	264,186	20,645	263,925	1,138,314
Redemption		(1,115,627)		(1,115,627)
Marked to the market	347,065	(304,467)	347,064	178,234
Ending fair value	645,957	24,549	645,957	24,549
Total Derivative fair value at end of period	$ 947,946	$ 292,984	$ 947,946	$ 292,984

FINANCIAL INSTRUMENTS (Details

FINANCIAL INSTRUMENTS (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended		6 Months Ended
	Jan. 04, 2023	Jan. 31, 2023	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024
Proceeds from issuance of convertible debt and warrants	$ 15,000,000	$ 15,000,000
Convertible note principal	$ 16,700,000
Debt interest percent	5%		2.50%		2.50%
Maturity date	Jul. 04, 2024
Conversion price	$ 1.25
Warrant exercise price	$ 1.25	$ 1.25
Fair value of warrant	$ 3,900,000		$ 531,614	$ (2,854,595)	$ 397,397	$ (1,566,592)
Warrants			300,000		300,000		$ 250,000
Derivative liabilities, embedded conversion feature	$ 1,200,000
Fair value of conversion feature			600,000		600,000		$ 40,000
Shares purchase		700,000
Warrant term		5 years
Fair value of derivative liability		$ 168,000	947,946	292,984	947,946	292,984
Convertible note principal			$ 82,642	$ 813,366	$ 82,642	$ 3,695,810
Convertible note into ordinary shares			132,994	400,000	132,994	3,100,000
Conversion price			$ 0.6214	$ 2.264	$ 0.6214	$ 3.1442
Maximum [Member]
Warrant outstanding	16,100,000

SCHEDULE OF LEASE EXPENSES (Det

SCHEDULE OF LEASE EXPENSES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Lease
Operating lease cost	$ 265,894	$ 31,363	$ 524,976	$ 74,801
Short-term lease cost	32,408	34,493	68,871	58,050
Lease Cost	$ 298,302	$ 65,856	$ 593,847	$ 132,851

SCHEDULE OF SUPPLEMENTAL INFORM

SCHEDULE OF SUPPLEMENTAL INFORMATION RELATED TO LEASES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Lease
Operating cash flow from operating leases	$ 298,302	$ 65,856	$ 593,847	$ 132,851
Right-of-use assets obtained in exchange for new operating leases liabilities	$ 1,096,683	$ 19,511,181	$ 1,233,672	$ 19,512,400
Weighted average remaining lease term - Operating leases (years)	13 years 10 months 24 days	14 years 10 months 24 days	13 years 10 months 24 days	14 years 10 months 24 days
Weighted average discount rate - Operating leases	4.90%	4.90%	4.90%	4.90%

SCHEDULE OF MATURITY OF OPERATI

SCHEDULE OF MATURITY OF OPERATING LEASE LIABILITY (Details)	Sep. 30, 2024 USD ($)
Lease
2025	$ 1,120,463
2026	1,023,446
2027	1,023,446
2028	2,029,793
2029 and there after	24,796,599
Total lease payments	29,993,747
Less: Interest	(9,699,440)
Total	$ 20,294,307

SCHEDULE OF FUTURE MINIMUM RENT

SCHEDULE OF FUTURE MINIMUM RENT RECEIVABLE (Details)	Sep. 30, 2024 USD ($)
Lease
2025	$ 216,211
2026	286,740
2027	334,559
2028	89,745
2029 and there after
Total	$ 927,255

LEASE (Details Narrative)

LEASE (Details Narrative)	Sep. 30, 2024	Sep. 30, 2023
Weighted average discount rate leases	4.90%	4.90%
Minimum [Member]
Lessor lease term	1 year
Maximum [Member]
Lessor lease term	5 years
Plant and Dormitory [Member]
Lease period	4 years 6 months
Building [Member]
Lease period	16 years
Head Office [Member]
Lease period	5 years

SHARE CAPITAL (Details Narrativ

SHARE CAPITAL (Details Narrative) - USD ($)		1 Months Ended	3 Months Ended	6 Months Ended
	Apr. 29, 2024	Jan. 31, 2023	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023	Mar. 31, 2024
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued		700,000
Common stock, par value				$ 0.001		$ 0.001
Gross proceeds from issuance of common stock				$ 646,800
Common stock, shares issued				6,043,769		5,383,769
Common stock, shares outstanding				6,043,769		5,383,769
Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued			755,398	660,000
Private Placement Agreements [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued	660,000
Private Placement Agreements [Member] | Investor [Member] | Common Stock [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Shares issued	330,000
Common stock, par value	$ 0.001
Shares issued, price per share	$ 0.98
Gross proceeds from issuance of common stock	$ 646,800

SCHEDULE OF CONCENTRATION RISKS

SCHEDULE OF CONCENTRATION RISKS (Details) - Customer Concentration Risk [Member] - Accounts Receivable [Member]	6 Months Ended	12 Months Ended
	Sep. 30, 2024	Mar. 31, 2024
Customer A [Member] | Garment Manufacturing Segment [Member]
Concentration Risk [Line Items]
Percentage of risk	65.20%
Customer A [Member] | Logistics Services Segment [Member]
Concentration Risk [Line Items]
Percentage of risk	19.70%	1%
Customer B [Member] | Garment Manufacturing Segment [Member]
Concentration Risk [Line Items]
Percentage of risk	34.80%	3.30%
Customer B [Member] | Logistics Services Segment [Member]
Concentration Risk [Line Items]
Percentage of risk	19.40%	8.20%
Customer C [Member] | Logistics Services Segment [Member]
Concentration Risk [Line Items]
Percentage of risk	1%	2%
Customer D [Member] | Logistics Services Segment [Member]
Concentration Risk [Line Items]
Percentage of risk	6.90%	9%
Customer E [Member] | Logistics Services Segment [Member]
Concentration Risk [Line Items]
Percentage of risk	5.50%	2.50%

SCHEDULE OF PURCHASES FROM SUPP

SCHEDULE OF PURCHASES FROM SUPPLIERS (Details) - Five Largest Suppliers [Member]	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024	Sep. 30, 2023
Garment Manufacturing Segment [Member]
Concentration Risk [Line Items]
Percentage of inventory purchase	60.60%		41.80%
Logistic Services Segment [Member]
Concentration Risk [Line Items]
Percentage of inventory purchase	100%	100%	100%	100%
Property Management and Subleasing [Member]
Concentration Risk [Line Items]
Percentage of inventory purchase	100%	100%	100%	100%

RISKS AND UNCERTAINTIES (Detail

RISKS AND UNCERTAINTIES (Details Narrative)	3 Months Ended		6 Months Ended
	Sep. 30, 2024	Sep. 30, 2023	Sep. 30, 2024 USD ($)	Sep. 30, 2024 CNY (¥)	Sep. 30, 2023	Mar. 31, 2024
Concentration Risk [Line Items]
Translated exchange rates	7.02		7.02	7.02		7.22
Revenue and expenses translated average exchange rates	7.16	7.004	7.20	7.20	7.12
Outstanding borrowings			$ 465,067	¥ 3,263,898
Minimum [Member]
Concentration Risk [Line Items]
Interest rate percentage			4.34%	4.34%
Maximum [Member]
Concentration Risk [Line Items]
Interest rate percentage			16.20%	16.20%
Revenue, Segment Benchmark [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	10%
Revenue, Segment Benchmark [Member] | Customer Concentration Risk [Member] | Three Customer [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		10%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | One Customer [Member]
Concentration Risk [Line Items]
Concentration risk, percentage	31.40%		28.10%	28.10%
Revenue Benchmark [Member] | Customer Concentration Risk [Member] | Three Customer [Member]
Concentration Risk [Line Items]
Concentration risk, percentage		11%			23.90%