v3.26.1
Significant Related Party Transactions and Balances
 12 Months Ended
Mar. 31, 2026
Significant Related Party Transactions and Balances [Abstract]  
Significant related party transactions and balances
20. Significant related party transactions and balances

 

Other than those disclosed elsewhere in the financial statements, significant related party transactions during the year on terms agreed between the Company and its related parties were as follows:

 

   March 31,
2024		   March 31,
2025		   March 31,
2026		 
   US$   US$   US$ 
Fashion Focus Manufacturing Ltd            
Management fee charged from   223,548    274,987    7,323 
Director’s remuneration charged from   114,000    242,200    66,959 
Loan interest charged to (Note 18)   2,625    39,418    — 
                
Merit Focus Ltd               
Loan interest charged to (Note 18)   162,743    331,287    23,736 
                
David Miao               
Acquisition of shares from   
—
    
—
    1,375,000 
                
Duncan Miao               
Acquisition of shares from   —    —    1,125,000 

Balances with related parties

 

   March 31,
2024		   March 31,
2025		   March 31,
2026		 
   US$   US$   US$ 
Amount due from related parties, net               
Fashion Focus Manufacturing Ltd   2,053,318    1,053,708    72,033 
                
Loan to related parties, net               
Fashion Focus Manufacturing Ltd   54,970    —    — 
Merit Focus Ltd   3,946,204    4,291,215    — 
    4,001,174    4,291,215    — 

 

Amounts due from and (to) related parties are unsecured and non-interest bearing.

 

Loans to related parties are interest bearing at the prevailing interest rates levied by the financial institution and repayable upon maturity of the loans.