| RELATED PARTIES |
13.
RELATED PARTIES
| 1) |
Nature
of relationships with related parties |
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 |
| 2) |
Transactions
with related parties |
SCHEDULE
OF TRANSACTIONS WITH RELATED PARTIES
| | |
Six months ended September 30, | |
| | |
2025 | | |
2024 | |
| Borrowings from related parties (a) | |
| | | |
| | |
| Mui Ko | |
$ | - | | |
$ | 75,204 | |
| | |
| | | |
| | |
| Repayment of borrowings from related party | |
| | | |
| | |
| Kwai Hoi, Ma | |
$ | 221,791 | | |
$ | 290,715 | |
| | |
| | | |
| | |
| Payment of operating expenses on behalf of the Company (b) | |
| | | |
| | |
| Kwai Hoi, Ma | |
$ | 205,142 | | |
$ | 332,116 | |
| | |
| | | |
| | |
| Advance to a related party (c) | |
| | | |
| | |
| Kwai Hoi, Ma | |
$ | 128,010 | | |
$ | - | |
| | |
| | | |
| | |
| Purchase of convertible promissory note issued by the Company | |
| | | |
| | |
| TKO Investment Limited | |
$ | - | | |
$ | 4,500,000 | |
| | |
| | | |
| | |
| Interest expense of convertible promissory notes - related parties | |
| | | |
| | |
| Edinburgh DH Holdings Limited | |
$ | - | | |
$ | 14,959 | |
| Fantastic Global Venture Limited | |
| - | | |
| 52,356 | |
| | |
$ | - | | |
$ | 74,795 | |
| (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. |
| (c) |
The
advance to a director for general business activities was interest free and repayable on demand. |
| 3) |
Balances
with related parties |
As
of September 30, 2025 and March 31, 2025, the balances due from (to) related parties were as follows:
SCHEDULE
OF DUE FROM (TO) RELATED PARTY TRANSACTION
| | |
As of | |
| | |
September 30, 2025 | | |
March 31, 2025 | |
| Due from related parties | |
| | | |
| | |
| Nova Pulsar Holdings Limited | |
$ | - | | |
$ | 714,527 | |
| Kwai Hoi, Ma | |
| 107,728 | | |
| - | |
| | |
$ | 107,728 | | |
$ | 714,527 | |
| | |
| | | |
| | |
| Due to a related party | |
| | | |
| | |
| Kwai Hoi, Ma | |
$ | - | | |
$ | 37,512 | |
|