| SCHEDULE OF RELATIONSHIP WITH THE COMPANY |
SCHEDULE
OF RELATIONSHIP WITH THE COMPANY
| Name |
|
Relationship
with the Company |
| Kwai
Hoi, Ma |
|
Co-founder, Chief Executive
Officer, shareholder and director of the Company |
| Mui
Ko |
|
Spouse of Mr. Kwai Hoi,
Ma |
| Edinburgh
DH Holdings Limited |
|
Controlled by Ms. Mui
Ko |
| Fantastic
Global Venture Limited |
|
Controlled by immediate
family member of Mr. Kwai Hoi, Ma |
| TKO
Investments Limited |
|
Controlled by immediate
family member of Mr. Kwai Hoi, Ma |
| Bloomington DH Holdings Limited |
|
A holding company owned and controlled by Mr. Kwai Hoi, Ma |
| Nova Pulsar Holdings Limited |
|
A shareholder of the Company |
| True Blue Entertainment, LLC (“True Blue”) |
|
Controlled by Mr. Fredrik Eklund* |
| * | | Mr. Fredrik Eklund is no longer the Company’s shareholder since April 29, 2024. |
|
| SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES |
SCHEDULE
OF TRANSACTIONS WITH RELATED PARTIES
| | |
For the Years Ended March 31, | |
| | |
2025 | | |
2024 | | |
2023 | |
| Borrowings from related parties (a) | |
| | | |
| | | |
| | |
| Kwai Hoi, Ma | |
$ | - | | |
$ | 3,536,592 | | |
$ | 976,941 | |
| Mui Ko | |
| 449,877 | | |
| 1,409,014 | | |
| - | |
| |
$ | 449,877 | | |
$ | 4,945,606 | | |
$ | 976,941 | |
| Repayment of borrowings from related parties | |
| | | |
| | | |
| | |
| Kwai Hoi, Ma | |
$ | 615,969 | | |
$ | 4,253,628 | | |
$ | 1,276 | |
| Mui Ko | |
| 449,877 | | |
| 409,014 | | |
| - | |
| |
$ | 1,065,846 | | |
$ | 4,662,642 | | |
$ | 1,276 | |
| | |
| | | |
| | | |
| | |
| Payment of operating expenses on behalf of the Company (b) | |
| | | |
| | | |
| | |
| Kwai Hoi, Ma | |
$ | 593,263 | | |
$ | 791,871 | | |
$ | 4,256,995 | |
| | |
| | | |
| | | |
| | |
| Payment of deferred offering costs (b) | |
| | | |
| | | |
| | |
| Kwai Hoi, Ma | |
$ | - | | |
$ | - | | |
$ | 200,000 | |
| | |
| | | |
| | | |
| | |
Payment of SPAC extension fee, as part of deferred offering costs | |
| | | |
| | | |
| | |
| Nova Pulsar Holdings Limited | |
$ | 69,763 | | |
$ | - | | |
$ | - | |
| | |
| | | |
| | | |
| | |
| Purchase of convertible promissory note issued by the Company |
|
|
|
|
|
|
|
|
|
|
|
|
| TKO Investment Limited |
|
$ |
4,500,000 |
|
|
$ |
- |
|
|
$ |
- |
|
| Fantastic Global Venture Limited |
|
$ |
- |
|
|
$ |
3,500,000 |
|
|
$ |
- |
|
| Edinburgh DH Holdings Limited |
|
$ |
- |
|
|
$ |
1,000,000 |
|
|
$ |
- |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Payment of marketing expenses |
|
|
|
|
|
|
|
|
|
|
|
|
| True Blue |
|
$ |
- |
|
|
$ |
451,613 |
|
|
$ |
375,000 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Purchase of property and equipment on behalf of the Company (b) | |
| | | |
| | | |
| | |
| Kwai Hoi, Ma | |
$ | - | | |
$ | 12,621 | | |
$ | 31,722 | |
| | |
| | | |
| | | |
| | |
| Interest expense of convertible promissory notes - related parties | |
| | | |
| | | |
| | |
| Edinburgh DH Holdings Limited | |
$ | 19,151 | | |
$ | 12,951 | | |
$ | - | |
| Fantastic Global Venture Limited | |
| 67,027 | | |
| 4,382 | | |
| - | |
| | |
$ | 86,178 | | |
$ | 17,333 | | |
$ | - | |
| (a) |
The
borrowings from related parties were interest free and repayable on demand. |
| (b) |
The
payments of operating expenses, deferred offering costs and purchase of property and equipment on behalf of the Company were subject
to repayments to Mr. Kwai Hoi, Ma. |
|
| SCHEDULE OF DUE FROM (TO) RELATED PARTY TRANSACTION |
As
of March 31, 2025 and 2024, the balances due from (to) related parties were as follows:
SCHEDULE
OF DUE FROM (TO) RELATED PARTY TRANSACTION
| | |
As of March 31, | |
| | |
2025 | | |
2024 | |
| Due from a related party | |
| | | |
| | |
| Nova Pulsar Holdings Limited | |
$ | 714,527 | | |
$ | - | |
| | |
| | | |
| | |
| Due to related parties | |
| | | |
| | |
| Kwai Hoi, Ma | |
$ | 37,512 | | |
$ | 87,456 | |
| Edinburgh DH Holdings Limited | |
| - | | |
| 12,951 | |
| Fantastic Global Venture Limited | |
| - | | |
| 4,382 | |
| | |
$ | 37,512 | | |
$ | 104,789 | |
|