v3.26.1
BANK BORROWINGS
 12 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
BANK BORROWINGS

NOTE 9 — BANK BORROWINGS

 

The Company has multiple bank borrowings from the Bank of China (Hong Kong) Limited to support its working capital needs.

 

The loan balance consists of the following:

 

  2025   2024 
   As of June 30, 
   2025   2024 
Borrowings, current  $127,561   $124,111 
Borrowings, non-current   672,307    805,732 
Total  $799,868   $929,843 

 

 

The following table summarizes key terms of bank borrowings:

 

   Principle drawn down   Start Date  Mature Date  Interest %*  Personal Guarantee
   HKD   USD             
1)   4,000,000    512,821   May 8, 2020  May 7, 2030  P-2.5%  Ms. Huang Weisi
2)   2,000,000    256,410   August 30, 2021  August 29, 2031  P-2.5%  Ms. Huang Weisi
3)   3,000,000    384,615   May 27, 2022  May 26, 2032  P-2.5%  Ms. Huang Weisi

 

  (1)P represents prime lending rate of Bank of China (Hong Kong) Limited.

 

  (2)All the above bank borrowings were 100% guaranteed by the Hong Kong Government and personally guaranteed by Ms. Huang, and the guarantees are assumed by Mr. Ng in April 2, 2024 (See Note 13). 100% Hong Kong Government guaranteed loan shall be repaid after the offering of the Company.

 

The following table shows movements and outstanding balances of bank borrowings:

 

   Principal  

Repayment during the years ended June 30,

   Remaining Principal 
       2025   2024             
       Total   Interest Portion   Total   Interest Portion   Current   Non-current   Total 
1)  $512,821    69,673    11,332    70,012    14,565    60,033    253,214    313,247 
2)  $256,410    35,787    7,052    30,506    7,453    27,390    155,350    182,740 
3)  $384,615    49,500    10,559    49,984    13,184    40,138    263,743    303,881 
Total        154,960    28,943    150,502    35,202    127,561    672,307    799,868