RELATED PARTY TRANSACTIONS (Tables)
|
12 Months Ended |
Jun. 30, 2025 |
|---|
| Related Party Transactions [Abstract] |
|
| SCHEDULE OF RELATIONSHIP OF RELATED PARTIES |
The
relationship of related parties is summarized as follow:
SCHEDULE OF RELATIONSHIP OF RELATED PARTIES
| Name
of Related Party |
|
Relationship
to the Company |
| Mr.
Ng Hon Kin (“Mr. Ng”) |
|
Chairman
of the Board, CEO, and an ultimate shareholder of the Company |
| Global
Medical Equipment Co., Ltd. |
|
Company
controlled by Mr. Ng |
| Smart
Key International Consultant Co., Ltd. |
|
Administrative
service company controlled by Mr. Ng |
| Be
Health Co., Ltd. |
|
Associated
company controlled by Mr. Ng. |
| Ms.
Huang Weisi |
|
Prior
director of subsidiaries including GCHL and DCMCL, representing Mr. Ng. |
| Euro Cos Co., Ltd |
|
Company controlled by Ms. Huang Weisi |
|
| SCHEDULE OF RELATED PARTY TRANSACTIONS |
Due
(to) from related parties consist of mainly working capital transactions as the following:
SCHEDULE
OF RELATED PARTY TRANSACTIONS
| | |
2025 | | |
2024 | |
| | |
As of June 30, | |
| | |
2025 | | |
2024 | |
| Payment by Mr. Ng Hon Kin | |
| (1,530,786 | ) | |
| (576,336 | ) |
| Amount due (to) related parties | |
$ | (1,530,786 | ) | |
$ | (576,336 | ) |
| | |
| | | |
| | |
| Accounts payable – Global Medical Equipment Co., Ltd. | |
$ | (4,140 | ) | |
$ | (4,162 | ) |
| Accounts payable – Euro Cos Co., Ltd. | |
| - | | |
| (51 | ) |
| Accounts payable – related parties | |
$ | (4,140 | ) | |
$ | (4,213 | ) |
|
| SCHEDULE OF ACCOUNTS PAYABLE TRANSACTIONS |
The
following table shows transactions of related parties:
SCHEDULE
OF ACCOUNTS PAYABLE TRANSACTIONS
| | |
2025 | | |
2024 | |
| | |
For the years ended June 30, | |
| | |
2025 | | |
2024 | |
| | |
| | |
| |
| Payments on behalf: | |
| | | |
| | |
| Management fees – Smart Key International Consultant Co., Ltd. | |
| - | | |
| 103,596 | |
| Purchase of equipment, materials and services | |
| - | | |
| 4,157 | |
| Rental for the shop and office | |
| 111,631 | | |
| - | |
| | |
| | | |
| | |
| Total | |
| 111,631 | | |
| 107,753 | |
|
| SCHEDULE OF SALARIES AND EMPLOYEE BENEFITS |
d)
Salaries and employee benefits paid to major shareholders
SCHEDULE
OF SALARIES AND EMPLOYEE BENEFITS
| | |
2025 | | |
2024 | |
| | |
For the years ended June 30, | |
| | |
2025 | | |
2024 | |
| Mr. Ng Hon Kin (being paid by an associated company) | |
$ | 16,176 | | |
$ | 15,347 | |
| Total | |
$ | 16,176 | | |
$ | 15,347 | |
| Salaries and employee benefits | |
$ | 16,176 | | |
$ | 15,347 | |
|
| SCHEDULE OF ADDITIONAL PAID IN CAPITAL |
SCHEDULE
OF ADDITIONAL PAID
IN CAPITAL
| |
|
For
the years ended
June
30, |
|
| |
|
2025 |
|
|
2024 |
|
| |
|
|
|
|
|
|
| Able
Talent Business Limited |
|
US$ |
128,205 |
|
|
US$ |
- |
|
| Essential
Quality Limited |
|
US$ |
44,278 |
|
|
US$ |
- |
|
| Express
Essential Holdings Limited |
|
US$ |
164,101 |
|
|
US$ |
- |
|
| Many
Trillion International Limited |
|
US$ |
60,831 |
|
|
US$ |
- |
|
| MCA
Limited |
|
US$ |
57,692 |
|
|
US$ |
- |
|
| Total |
|
US$ |
455,107 |
|
|
US$ |
- |
|
|
| SCHEDULE OF BANK BORROWINGS |
SCHEDULE OF
BANK BORROWINGS
| Bank
Name |
|
Nature
of Loan |
|
HK$’000 |
|
| Bank
of China |
|
120-month
term borrowing |
|
|
4,000 |
|
| Bank
of China |
|
120-month
term borrowing |
|
|
2,000 |
|
| Bank
of China |
|
120-month
term borrowing |
|
|
3,000 |
|
The
following table summarizes key terms of bank borrowings:
| |
|
Principle
drawn down |
|
|
Start
Date |
|
Mature
Date |
|
Interest
%(1) |
|
Personal
Guarantee(2) |
| |
|
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 Hong Kong. P of Bank of China for loans as of June 30, 2025 was 5.25% |
| |
|
|
| |
(2) |
All
of the above bank borrowings are personally guaranteed by Ms. Huang Weisi, and the guarantees are assumed by Mr. Ng on April 2, 2024. |
|