| Schedule of Relationships With Related Parties |
The Company’s relationships with related parties who had transactions with the Company are summarized as follows: | Related Party Name | | Relationship to the Company | | Mr. Ching Tim Hoi (“Mr. Ching”) | | Chief Executive Officer and a director of the Company, Director of Pure Beauty, Director of Raytech Holdings Company Limited, and Executive Director of Zhongshan Raytech. Mr. Ching ceased to be the controlling shareholder of the Company during the year ended March 31, 2026 following disposals of shares in August 2025 and February 2026 (beneficial ownership of approximately 2.26% per his Schedule 13D/A, approximately 1.05% following the June 2026 registered direct offering), and ceased to be Chairman of the Board on April 15, 2026. | | Zhongshan Raytech Electric Appliances Manufacturing Company Limited (“Zhongshan Raytech”) | | An entity controlled by Mr. Ching | | Raytech Holdings Company Limited | | An entity controlled by Mr. Ching, from which the Company leases its principal executive office. | | Mr. Ling Chun Yin (“Mr. Ling”) | | Director of the Company (resigned on January 2, 2026) | | Ms. Wang Yafeng | | Former shareholder of Worry free and holder of the promissory note issued by Raytech Innovation | | Yuan Chun Holding Co. | | A substantial shareholder of the Company (approximately 9.6% of the Ordinary Shares), controlled by Mr. Wang Tao | | Mr. Liu Zhiwei / Chunda International Capital Management Limited | | Beneficial owner of approximately 17.9% of the Ordinary Shares since February 2026 per Schedule 13D (approximately 8.31% of the enlarged share capital following the June 2026 registered direct offering). | | Mr. Peng Yi | | Director of Raytech Innovation Limited |
|
| Schedule of Accounts Payables Related Parties |
Due to related parties consisted of the following: | | | As of March 31, | | | | | 2025 | | | 2026 | | | 2026 | | | | | HKD | | | HKD | | | US$ | | | Name of related parties | | | | | | | | | | | Zhongshan Raytech | | | 12,759,342 | | | | 19,972,442 | | | | 2,547,505 | | | Raytech Holdings Company Limited | | | 2,225,051 | | | | – | | | | – | | | Total | | | 14,984,393 | | | | 19,972,442 | | | | 2,547,505 | |
|
| Schedule of Related Party Transactions |
| b. | Purchase products from related parties |
| | | For the years ended March 31, | | | | | 2024 | | | 2025 | | | 2026 | | | 2026 | | | | | HKD | | | HKD | | | HKD | | | US$ | | | Name of related parties | | | | | | | | | | | | | | Zhongshan Raytech | | | 47,704,656 | | | | 53,756,425 | | | | 62,846,481 | | | | 8,016,133 | | | Raytech Holdings Company Limited | | | – | | | | 2,225,051 | | | | 2,430,400 | | | | 310,000 | | | Total | | | 47,704,656 | | | | 55,981,476 | | | | 65,276,881 | | | | 8,326,133 | | | c. | Office leasing from a related party | | | | For the years ended March 31, | | | | | 2024 | | | 2025 | | | 2026 | | | 2026 | | | | | HKD | | | HKD | | | HKD | | | US$ | | | Name of a related party | | | | | | | | | | | | | | Raytech Holdings Company Limited | | | – | | | | 300,000 | | | | 300,000 | | | | 38,265 | | | Total | | | – | | | | 300,000 | | | | 300,000 | | | | 38,265 | | | d. | Commission from a related party | | | | For the years ended March 31, | | | | | 2024 | | | 2025 | | | 2026 | | | 2026 | | | | | HKD | | | HKD | | | HKD | | | US$ | | | Name of a related party | | | | | | | | | | | | | | Mr. Ling | | | – | | | | 487,216 | | | | 139,686 | | | | 17,817 | | | Total | | | – | | | | 487,216 | | | | 139,686 | | | | 17,817 | |
|