Accrued Expenses and Other Liabilities

6 Months Ended

12 Months Ended

Dec. 31, 2025

Jun. 30, 2025

11. Accrued Expenses and Other Liabilities

	As of December 31,		As of June 30,
	2025		2025
	US$		US$
Payroll payables		271,265		108,407
Accrued professional fees		82,100		52,219
Accrued audit fees		-		14,035
Reimbursable payables（1）		2,159,978		516,645
Accrued occupancy expenses		23,100		-
Accrued expenses and other liabilities		2,536,443		691,306

(1)

Reimbursable payables primarily consist of expenses paid on behalf of due to Guangzhou 3E Network and Guangzhou Sanyi Network.

Guangzhou 3E Network was formerly a subsidiary of the Company and was disposed of on March 21, 2025. As of December 31, 2025 and June 30 2025, the outstanding balance of intercompany reimbursement payables arising from expenses settled on behalf of the counterparty prior to disposal amounted to $529,244 and $516,645.

Guangzhou Sanyi Network was formerly a subsidiary of the Company. It became an associate of the Company after the Company disposed of its controlling equity interest on March 21, 2025. The Company disposed of its remaining equity interest in Guangzhou Sanyi Network on December 25, 2025, completing the full disposal of the entity. As of December 31, 2025, the outstanding balance of intercompany reimbursement payables arising from expenses settled on behalf of the counterparty prior to disposal amounted to $1,630,734.

9. Accrued Expenses and Other Liabilities

	As of June 30,
	2025		2024		2023
	US$		US$		US$
Payroll payables		108,407		-		-
Accrued professional fees		52,219		-		2,204
Accrued audit fees		14,035		-		-
Reimbursable payables		516,645		-		-
Accrued expenses and other liabilities		691,306		-		2,204