v3.25.3
LOAN FROM THIRD PARTY
12 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
LOAN FROM THIRD PARTY

NOTE 6 – LOAN FROM THIRD PARTY

 

Loan from third party consists of the following as of June 30, 2025 and 2024:

 

   As of
June 30, 2025
   As of
June 30, 2024
 
           
Loan from third party  $750,000   $750,000 

 

On January 9, 2023, the Company issued a convertible note payable to a third party for $750,000. The note is unsecured, has an interest rate 3% per annum, and is convertible into 937,500 shares of the Company’s common stock at $0.80 per share, any time after the completion of a reverse acquisition with Sino Green Land Corp.

 

On May 16, 2025, the note holder decided not to exercise their conversion right into the Company’s equity, the instrument is no longer classified as a convertible note but is accounted for as a standard term loan.