HUHUTECH International Group Inc.
For the period ended Jun 30, 2026. Filed Sep 23, 2026.
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Jun 30, 2026 · Filed Sep 23, 2026
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EX-99.1 · Notes payable
Notes payable
Notes payable are bank acceptance notes issued by financial institutions on the Company’s behalf to vendors with a specific due date usually for a period of within 12 months. These notes can either be endorsed by the vendor to other third parties as payment or can be factored to other financial institutions before maturity date. As collateral security for financial institutions’ undertakings, the Company is required to maintain deposits with such financial institutions as restricted cash amounts of 50% to 100% of the balances of the bank acceptance notes.
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