Note 15 – Concentrations of risks

For the three and nine months ended March 31, 2026, no customer accounted for 10.0% or more of the Company’s total revenues.

For the three months ended March 31, 2025, one customer accounted for approximately 90.4% of the Company’s total revenues.

For the nine months ended March 31, 2025, two customers accounted for approximately 51.3% and 25.2% of the Company’s total revenues.

As of March 31, 2026, two customers accounted for approximately 76.8% and 22.5% of the total balance of accounts receivable, respectively. As of June 30, 2025, one customer accounted for approximately 92.3% of the total balance of accounts receivable, respectively.

For the three months ended March 31, 2026, one vendors accounted for approximately 98.2% of the Company’s total purchases.

For the nine months ended March 31, 2026, one vendor accounted for approximately 94.9% of the Company’s total purchases.

For the three months ended March 31, 2025, two vendors accounted for approximately 72.2% and 27.8% of the Company’s total purchases. 

For the nine months ended March 31, 2025, three vendors accounted for approximately 45.5%, 33.5% and 19.6% of the Company’s total purchases.

As of March 31, 2026, three vendor accounted for approximately 46.7%, 20.9%, and 15.2% of the total balance of accounts payable. As of June 30, 2025, three vendors accounted for approximately 46.7%, 20.9%, and 15.1% of the total balance of accounts payable.

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. As of March 31, 2026 and June 30, 2025, $2,912,532 and $236,657 were deposited with financial institutions or fund received from customer being held in third party platform’s fund account, $2,366,769 and $31,115 of these balances are not covered by deposit insurance, respectively. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness.

Financial instruments that are potentially subject to credit risk consist principally of accounts receivable and other receivables. The Company believes the concentration of credit risk in its accounts receivable and other receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for an provision for estimated credit losses based upon factors surrounding the credit risk of specific customers, historical trends and other information.

The Company cannot guarantee that the current exchange rate will remain steady; therefore, there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of RM converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.