COMMITMENTS AND CONTINGENCIES |
12 Months Ended |
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Jun. 30, 2025 | |
| Commitments and Contingencies Disclosure [Abstract] | |
| COMMITMENTS AND CONTINGENCIES | NOTE 12 — COMMITMENTS AND CONTINGENCIES
From time to time, the Company and its subsidiaries are parties to various legal actions arising in the ordinary course of business. The Company accrues costs associated with these matters when they become probable and the amount can be reasonably estimated. Legal costs incurred in connection with loss contingencies are expensed as incurred. The Company also disclosed operating lease commitments and financing lease commitments in Note 10.
Capital expenditure commitments
As of June 30, 2025, the Company had commitments for capital expenditures of CNY231,000 (approximately $31,647) for purchase of wastewater treatment equipment. A deposit of CNY 50,000 (approximately US$6,989) was paid in May 2025. The Company expected to make the payments in the twelve months ending June 30, 2026.
Other than the capital expenditure commitment, the Company did not have other significant commitments, long-term obligations, significant contingencies or guarantees as of June 30, 2025 and 2024.
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