v3.25.2
Related Party Transactions and Balances
 6 Months Ended
Dec. 31, 2024
Related Party Transactions and Balances [Abstract]  
Related party transactions and balances

Note 12 — Related party transactions and balances

 

The following was a summary of related parties with the Company:

 

Name   Relationship
Mr. Lee, Yat Lung Andrew (“Mr. Lee”)   Chairman and Chief Executive Officer of the Company
Boxasone Limited (“BAO”)   Mr. Lee is a sole director and a shareholder
China Information Technology Development Limited (“CITD”)   Shareholder of the Company

 

Related party transactions

 

The GE Group has commercial arrangements with related entities to provide or receive technical support and other services.

 

 For the six months ended December 31, 2024, the GE Group received services from Logic Network Limited, a subsidiary of CITD, and reflected in cost of revenue amounted to HKD 634,500 (US$81,684).

 

For the six months ended December 31, 2023, the Company generated revenue from DataCube Research Centre Limited, a subsidiary of CITD, amounted to HKD 1,800,000. For the six months ended December 31, 2023, the GE Group received services from Logic Network Limited and reflected in cost of revenue amounted to HKD 620,000.

Amount due to a related party

 

Name of
Related parties		  Nature of transactions  June 30,
2024		   December 31,
2024		 
      HKD   HKD   US$ 
BAO  BAO reimbursed for certain expenses, including insurance and office expenses incurred on the Company’s behalf.  $2,422   $2,649   $341 

 

Amount to a director

 

Name of
Related parties		  Nature of transactions  June 30,
2024		   December 31,
2024		 
      HKD   HKD   US$ 
Mr. Lee
 
  Mr. Lee from time to time, provides advances to the Company for working capital purposes.  $39,591   $31,837   $4,099