v3.26.1
Related Party Transactions
 6 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

16. RELATED PARTY TRANSACTIONS 

 

Name of Related Party   Relationship to Us
Zhuoqin Huang   Chairman of the board of the Company
Xinchengxin (Xiamen) Property Management Co., Ltd.     A company’s Director is a former subsidiary’s Chief representative
Weiyi Lin   Director of Pop Shuzhi and former vice president and former director of the Company
Lei Wang   Director of Pupu Sibo
Wanquan Yi   Director of Shenzhen Pop
Shenzhen JamBox Technology Co., Ltd. (“Shenzhen JamBox”)   A company controlled by Wanquan Yi, director of Shenzhen Pop
Xiamen Hualiu Boying Film & Media Co., Ltd. (“Hualiu Boying”).   A company where the Company holds minority interest
Xiamen Pupu Investment Co., Ltd. (“Xiamen Pupu Investment  ”)   A company former controlled by Zhuoqin Huang
Wenjuan Qiu   Director of the Company
Xiamen Roppongi Culture Media Co., Ltd.   A subsidiary of a company where Liya Wei holds a minority interest
Digital Intelligence (Guangzhou) Era Culture Development Co., Ltd.   A subsidiary of a company where Liya Wei holds a minority interest
Zhuhai Hengqin Aosi Culture Communication Co., Ltd.   A subsidiary of a company where Liya Wei holds a minority interest
AOSI Production Co., Ltd.   A subsidiary of a company where Liya Wei holds a minority interest
Liya Wei    Wife of the Chairman of the board of the Company
Xiamen Liubengmu Culture Media Co., Ltd.     A company controlled by Liya Wei
Henda Gao     Chief representative of a former subsidiary
Xiamen Wandefu Trading Co., Ltd.     A company’s Director is a former subsidiary’s Chief representative

 

Balance with related parties

 

As of December 31, 2025 and June 30, 2025, accounts receivable, net - related parties consisted of the following:

 

Name of Related Party  Nature  December 31,
2025		   June 30,
2025		 
Shenzhen JamBox  Business receivables  $
       -
   $214,557 
Total      
-
    214,557 
Allowance for credit loss      
-
    (44,503)
Accounts receivable, net - related parties     $
-
   $170,054 

As of December 31, 2025 and June 30, 2025, Operating lease income receivable - related parties consisted of the following:

 

Name of Related Party  Nature  December 31,
2025		   June 30,
2025		 
Xinchengxin (Xiamen) Property Management Co., Ltd.  Operating lease income receivable  $
         -
   $92,587 
Total     $
-
   $92,587 

 

As of December 31, 2025 and June 30, 2025, Deferred operating lease income receivable - related parties consisted of the following:

 

Name of Related Party  Nature  December 31,
2025		   June 30,
2025		 
Xinchengxin (Xiamen) Property Management Co., Ltd.  Deferred operating lease income receivable, current portion  $
       -
   $1,012,131 
Xinchengxin (Xiamen) Property Management Co., Ltd.  Deferred operating lease income receivable, non-current portion   
-
    1,060,756 
Total     $
-
   $2,072,887 

 

As of December 31, 2025 and June 30, 2025, advance to suppliers - related parties consisted of the following:

 

Name of Related Party  Nature  December 31,
2025		   June 30,
2025		 
Xiamen Liubengmu Culture Media Co., Ltd.  Advance payment for service fee  $
        -
   $446,703 
Xiamen Hualiu Boying Video Media Co., Ltd.  Advance payment for service fee   
-
    8,376 
Total     $
-
   $455,079 

 

As of December 31, 2025 and June 30, 2025, Prepaid expenses and other current assets - related parties consisted of the following:

 

Name of Related Party  Nature  December 31,
2025		   June 30,
2025		 
Lei Wang  Employees’ advance for business purpose  $
        -
   $113 
Wenjuan Qiu  Employees’ advance for business purpose   
-
    955 
Wanquan Yi  Receivable on disposal of a subsidiary   142,998    
-
 
Total     $142,998   $1,068 

 

As of December 31, 2025 and June 30, 2025, accounts payable - related parties consisted of the following:

 

Name of Related Party  Nature  December 31,
2025		   June 30,
2025		 
Xiamen Pupu Investment  Purchase service payable  $
-
   $105,395 
AOSI PRODUCTION CO., LTD.  Purchase service payable   52,249    52,249 
Total     $52,249   $157,644 

As of December 31, 2025 and June 30, 2025, accrued liabilities and other payables - related parties consisted of the following:

 

Name of Related Party  Nature  December 31,
2025		   June 30,
2025		 
Wenjuan Qiu     $5,976   $1,755 
Jiaming Wu      
-
    7,399 
Weiyi Lin      1,570    3,528 
Total     $7,546   $12,682 

 

As of December 31, 2025 and June 30, 2025, due to related parties consisted of the following:

 

Name of Related Party  Nature  December 31,
2025		   June 30,
2025		 
Henda Gao     $
      -
   $150,250 
Xiamen Wandefu Trading Co., Ltd.      
-
    2,373 
Xinchengxin (Xiamen) Property Management Co., Ltd.      
-
    32,439 
Total     $
-
   $185,062 

 

Related party transaction

 

Related party transaction during the six months ended December 31, 2025:

 

During the six months ended December 31, 2025, the Company sold all of its equity investment in Shenzhen Jambox at consideration of RMB1,000,000.

 

Related party transaction during the six months ended December 31, 2024:

 

During the six months ended December 31, 2024, the Company generated revenue from following related parties:

 

   Six months ended
December 31,
2024		 
Xiamen Pupu Investment  $2,629,053 
Shenzhen Jambox   487,295 
Hualiu Boying   24,496 
Total  $3,140,844 

During the six months ended December 31, 2024, Mr. Zhuoqin Huang, the Chief Executive Officer of the Company (the “CEO”) guaranteed the short-term bank loans of $1,835,792 for the Company.

 

During the six months ended December 31, 2024, the Company received $394,471 from Shenzhen JamBox for the outstanding receivable as of disposal date.

 

During the six months ended December 31, 2024, the Company received $250,812 from Wanquan Yi and Lei Wang for the proceeds on disposal of a subsidiary.

 

During the six months ended December 31, 2024, the Company received $12,053 from Lei Wang for the proceeds on disposal of an equity investment.