{"url_path":"/sec/svmb/10-k/2026/item-13","section_key":"item-13","section_title":"Item 13 Certain Relationships and Related Transactions, and Director Independence.**","topic":"sec","document":{"doc_type":"10-K","doc_date":"2026-07-20","source_url":"https://www.sec.gov/Archives/edgar/data/1647822/0001493152-26-033861-index.html","accession_number":"0001493152-26-033861","cik":"0001647822","ticker":"SVMB","issuer_name":"Jingbo Technology, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/1647822/0001493152-26-033861-index.html","primary_entity_key":"0001647822","primary_entity_name":"Jingbo Technology, Inc."},"word_count":594,"has_tables":true,"body_markdown":"**Item\n13. Certain Relationships and Related Transactions, and Director Independence.**  \n\n \n\nExcept\nas set forth below, we had not entered into any transactions with our officers or directors, or persons nominated for these positions,\nbeneficial owners of 5% or more of our common stock, or family members of these persons wherein the amount involved in the transaction\nor a series of similar transactions exceeded the lesser of $120,000 or 1% of the average of our total assets for the last three fiscal\nyears.\n\n \n\nThe\nfollowing is a list of related parties which the Company had transactions with during the years ended February 28, 2026 and 2025:\n\n \n\n \n**Name**\n \n**Relationship**\n\n(a)\nHongwei\nLi\n \nFormer shareholder\n\n(b)\nStrength\nUnion Holdings Limited\n \nShareholder\n\n(c)\nVirtue\nVictory Holdings Limited\n \nShareholder\n\n(d)\nIntellegence\nTriumph Holdings Limited\n \nShareholder\n\n(e)\nGuowei\nZhang\n \nPresident\nof the Company\n\n(f)\nChuchu\nZhang\n \nFormer\nshareholder\n\n(g)\nSichuan\nZhicheng Qifeng Technology Co., Ltd\n \nMinority\nshareholder\n\n(h)\nShaoxing\nKeqiao Zhuyi Technology Co., Ltd\n \nFormerly\nan entity controlled by a shareholder however it is now a subsidiary due to the acquisition of Xinghe\n\n(i)\nXiujuan\nChen\n \nShareholder\n\n(j)\nBen\nLiu\n \nChief\nExecutive Officer\n\n \n\nHongwei Li and Chuchu Zhang ceased to be related parties during the year. As a result, the related balances were\nreclassified from related party balances to prepaid expenses and other current assets and other current payables, respectively.\n\n \n\n87\n\n \n\n \n\n(a)\nThe Company had the following transactions with related parties:\n\n \n\nName \nNature \n\n**For the year ended**\n\n**February 28, 2026**\n \n\nSichuan Zhicheng Qifeng Technology Co., Ltd. \nCost of revenues \n 81,161 \n\n \n\nName \nNature \n\n**For the year ended**\n\n**February 28, 2025**\n \n\nXiujuan Chen \nRevenue \n 331,504 \n\n \n\n(b)\nAt February 28, 2026 and 2025, the Company owned funds from the following related parties:\n\n \n\n  \n\n**February 28,**\n\n**2025**\n  \nProvided  \nReceived Repayment  \nCost of revenue  \nReclassification  \nExchange\nRate Translation  \n\n**February 28,**\n\n** 2026**\n \n\nIntellegence Triumph Holdings Limited \n$5,000  \n$-  \n$      -  \n$-  \n$\n-\n  \n$\n-\n  \n$5,000 \n\nVirtue Victory Holdings Limited \n 5,200  \n \n-\n  \n \n-\n  \n \n-\n  \n \n-\n  \n \n-\n  \n 5,200 \n\nStrength Union Holdings Limited \n 5,800  \n \n-\n  \n \n-\n  \n \n-\n  \n \n-\n  \n \n-\n  \n 5,800 \n\nHongwei Li \n 1,240  \n \n-\n  \n \n-\n  \n \n-\n  \n (1,266) \n 26  \n - \n\nSichuan Zhicheng Qifeng Technology Co., Ltd \n 52,864  \n 27,186  \n \n-\n  \n (81,161) \n \n-\n  \n 1,111  \n - \n\nTotal amounts due from related parties \n$70,104  \n$27,186  \n$-  \n$(81,161) \n$(1,266) \n 1,137  \n$16,000 \n\n \n\n  \nFebruary 29,  \n   \nReceived  \nExchange\nRate  \nFebruary 28, \n\n  \n2024  \nProvided  \nRepayment  \nTranslation  \n2025 \n\nIntellegence Triumph Holdings Limited \n$5,000  \n$-  \n$-  \n$-  \n$5,000 \n\nVirtue Victory Holdings Limited \n 5,200  \n -  \n -  \n -  \n 5,200 \n\nStrength Union Holdings Limited \n 5,800  \n -  \n -  \n -  \n 5,800 \n\nHongwei Li \n 94,173  \n 3,605  \n (96,335) \n (203) \n 1,240 \n\nSichuan Zhicheng Qifeng Technology Co., Ltd \n -  \n 53,381  \n -  \n (517) \n 52,864 \n\nTotal amounts due from related parties \n$110,173  \n$56,986  \n$(96,335) \n$(720) \n$70,104 \n\n \n\n(c)\nAt February 28, 2026 and 2025, the Company owed funds to the following related parties:\n\n \n\n  \n\n**February 28,**\n\n**2025**\n  \nBorrowed  \nRepaid  \nReclassification  \n\n**Exchange**\n\n**Rate**\n\n**Translation**\n  \n\n**February 28,**\n\n**2026**\n \n\nGuowei Zhang \n$2,046,179  \n$416,614  \n$\n-\n  \n$\n-\n  \n$29,468  \n$2,492,261 \n\nXiujuan Chen \n 172,193  \n 2,215  \n -  \n \n-\n  \n 10,758  \n 185,166 \n\nChuchu Zhang \n 27,462  \n -  \n -  \n (28,039) \n 577  \n - \n\nBen Liu \n -  \n -  \n -  \n 162,678  \n 6,523  \n 169,201 \n\nTotal amounts due to related parties \n$2,245,834  \n$418,829  \n$\n-\n  \n$134,639  \n$47,326  \n$2,846,628 \n\n \n\n  \n\n**February 29,**\n\n**2024**\n  \nBorrowed  \nRepaid  \n\n**Business**\n\n**acquisition**\n  \n\n**Determined**\n\n**Sales Income**\n  \n\n**Exchange**\n\n**Rate**\n\n**Translation**\n  \n\n**February 28,**\n\n**2025**\n \n\nGuowei Zhang \n$1,629,089  \n$423,546  \n$(832) \n$-  \n$-  \n$(5,624) \n$2,046,179 \n\nXiujuan Chen \n 347,333  \n 851,988  \n (762,585) \n 64,278  \n (331,504) \n 2,683  \n 172,193 \n\nChuchu Zhang \n 27,787  \n -  \n -  \n -  \n -  \n (325) \n 27,462 \n\nShaoxing Keqiao Zhuyi Technology Co., Ltd \n 21,955,735  \n -  \n -  \n (21,955,735) \n -  \n -  \n - \n\nTotal amounts due to related parties \n$23,959,944  \n$1,275,534  \n$(763,417) \n$(21,891,457) \n$(331,504) \n$(3,266) \n$2,245,834 \n\n \n\nAdvances from Guowei Zhang were unsecured, non-interest bearing and due on demand."}