| Schedule of Related Parties and their Relationships With the Company |
The following table sets forth the Company’s
related parties and their relationships with the Company:
| Name | | Relationship with the Company | | Yujie, Chen | | Chief executive officer, director and beneficial shareholder of the Company | | Grande Holding Limited | | Controlling shareholder | | Weijiang, Zhu | | Director of certain subsidiaries of the Company | | Tin Duk Victor, Chang | | Shareholder of Wicens International Securities Limited, holding 49% equity interest | | Ji Feng Hong Kong Limited | | Company for which Yujie, Chen served as a director | | Yellow River Securities Limited | | Company for which Yujie, Chen has served as a director since November 5, 2025 | Summary of balances with related parties:
| | |
March 31, | |
| Amounts due to related parties | |
2026 | | |
2025 | |
| Grande Holding Limited | |
$ | (2,612,698 | ) | |
$ | (1,821,726 | ) |
| Weijiang, Zhu | |
| (5,950 | ) | |
| — | |
| Total | |
| (2,618,648 | ) | |
| (1,821,726 | ) |
| | |
March 31, | |
| Amounts due from related parties | |
2026 | | |
2025 | |
| Tin Duk Victor, Chang | |
$ | — | | |
$ | 6 | |
| Ji Feng Hong Kong Limited | |
| 2,248 | | |
| — | |
| Less: allowance for expected credit loss | |
| (18 | ) | |
| — | |
| Total | |
$ | 2,230 | | |
$ | 6 | |
The movement of allowances for expected credit
loss is as follow:
| | |
March 31, | |
| | |
2026 | | |
2025 | |
| Balance at beginning of the year | |
$ | - | | |
$ | - | |
| Provision | |
| (18 | ) | |
| - | |
| Ending balance | |
$ | (18 | ) | |
$ | - | |
A summary of trade transactions with related parties
for the years ended March 31, 2026, 2025 and 2024 are listed below:
| | |
March 31, | |
| Consultation fee paid to senior management | |
2026 | | |
2025 | | |
2024 | |
| Tak Kai Raymond, Tam | |
$ | — | | |
$ | — | | |
$ | 5,769 | |
| Total | |
$ | — | | |
$ | — | | |
$ | 5,769 | |
| | |
March 31, | |
| Referral services income received from a related party | |
2026 | | |
2025 | | |
2024 | |
| Yellow River Securities Limited | |
$ | 769,231 | | |
$ | — | | |
$ | — | |
| Total | |
$ | 769,231 | | |
$ | — | | |
$ | — | |
|