| Related Party Transaction and Balance |
16. Related Party Transaction and Balance a. Nature of relationships with related parties | Name | | Relationship with the Company | | Chan Sze Ho | | Director of the Company | | Cheung Yuk Shan | | Spouse of Shum Ngan, Sammy, the director of the Company | | Fong Wai Lok, Raymond | | Resigned as a Director of the Company effective March 31, 2024, and served as a consultant to the Company from April 1, 2024 to September 30, 2025 and was reappointed as an Executive Director effective October 1, 2025 | | I Win Growth SPC – Fund 2 SP | | Fund managed by IWAML, with Chan Sze Ho serving as a common director of the fund and the Company | | Lau Kam Yan, Karen | | Controlling party of Courageous Wealth Limited, which is 64% shareholder of Oriental Moon Tree Limited as of March 31, 2026, 2025 and 2024, and the sole director of Oriental Moon Tree Limited | | Lobster Financial Holdings Limited | | 10% shareholder of Oriental Moon Tree Limited as of March 31, 2026, 2025 and 2024 | | Oriental Moon Tree Limited | | 100% shareholder of Class B shares and holds 99.84% of the voting rights of the Company | | Shum Ngan, Sammy | | Director of the Company | | Tse Tim | | Spouse of Lau Kam Yan, Karen, the Controlling party of Courageous Wealth Limited, which is 64% shareholder of Oriental Moon Tree Limited as of March 31, 2026, 2025 and 2024 | | Wu Hin Lun | | Controlling party of Capital Hero Global Limited, which is 14% shareholder of Oriental Moon Tree Limited as of March 31, 2026, 2025 and 2024 | | Zhu Jian Guo | | Father of Zhu Yun, the controlling party of Lobster Financial Holdings Limited | | Zhu Yun | | Controlling party of Lobster Financial Holdings Limited as of March 31, 2026, 2025 and 2024 and spouse of Fong Wai Lok, Raymond | b. Transactions with related parties | | | | | For the Years Ended March 31, | | | Name | | Nature | | 2026 | | | 2025 | | | 2024 | | | Chan Sze Ho | | (1) Brokerage commission | | $ | 598 | | | $ | - | | | $ | 50 | | | Cheung Yuk Shan | | (1) Brokerage commission | | | 34 | | | | 20 | | | | 96 | | | Lau Kam Yan, Karen | | (1) Brokerage commission | | | 278 | | | | 78 | | | | 50 | | | Tse Tim | | (1) Brokerage commission | | | 4,934 | | | | 26,357 | | | | 5,528 | | | Wu Hin Lun | | (1) Brokerage commission | | | 41 | | | | 425 | | | | 1,395 | | | Zhu Jian Guo | | (1) Brokerage commission | | | 15 | | | | - | | | | - | | | Total | | | | $ | 5,900 | | | $ | 26,880 | | | $ | 7,119 | | | | | | | | | | | | | | | | | | | Cheung Yuk Shan | | (2) Handling income on custodian service | | $ | - | | | $ | - | | | $ | 2,058 | | | Zhu Jian Guo | | (2) Handling income on custodian service | | | - | | | | - | | | | 20 | | | Chan Sze Ho | | (3) Handling income on dividend collection | | | - | | | | - | | | | 10 | | | Lau Kam Yan, Karen | | (3) Handling income on dividend collection | | | 90 | | | | - | | | | - | | | Tse Tim | | (3) Handling income on dividend collection | | | 1 | | | | - | | | | 1 | | | Wu Hin Lun | | (3) Handling income on dividend collection | | | - | | | | - | | | | 41 | | | Total | | | | $ | 91 | | | $ | - | | | $ | 2,130 | | | | | | | | | | | | | | | | | | | I Win Growth SPC – Fund 2 SP | | (4) Investment management fee income | | $ | 117,702 | | | $ | - | | | $ | - | | | | | | | | | | | | | | | | | | | Fong Wai Lok, Raymond | | (5) Interest income and other | | $ | 30 | | | $ | | | | $ | | | | Lau Kam Yan, Karen | | (5) Interest income and other | | | 396 | | | | - | | | | - | | | Tse Tim | | (5) Interest income and other | | | 743 | | | | 2,280 | | | | 1,422 | | | Wu Hin Lun | | (5) Interest income and other | | | 1 | | | | - | | | | 16 | | | Total | | | | $ | 1,170 | | | $ | 2,280 | | | $ | 1,438 | | | | | | | | | | | | | | | | | | | Fong Wai Lok, Raymond | | (6) Brokerage, clearing and exchange fees | | $ | 47,120 | | | $ | - | | | $ | - | | | Tse Tim | | (6) Brokerage, clearing and exchange fees | | | 83,420 | | | | - | | | | - | | | | | | | $ | 130,540 | | | $ | - | | | $ | - | | | (1) | The amounts for the years ended March 31, 2026, 2025 and 2024 represented fees and commissions from securities brokerage services based on a fixed rate for each transaction. | | (2) | The amounts for the year ended March 31, 2024 represented handling income from custodian services rendered. | | (3) | The amounts for the years ended March 31, 2026 and 2024 represented handling income from dividend collection services rendered. | | (4) | The amounts for the years ended March 31, 2026 represented income from investment management services rendered. |
| (5) | The amounts for the years ended March 31, 2026, 2025 and 2024 represented interests charged on overdue receivables from related parties arising from brokerage transactions. | | (6) | The amounts for the year ended March 31, 2026 represented transaction costs incurred in connection with advisory services, securities brokerage services, introducing and referral services and underwriting and placement services provided. | c. Balance with related parties | | | | | As of March 31, | | | Name | | Nature | | 2026 | | | 2025 | | | Tse Tim | | (1) Receivables from customers | | $ | - | | | $ | 1,183 | | | | | | | | | | | | | | | Chan Sze Ho | | (2) Payables to customers | | $ | 1,297 | | | $ | - | | | Cheung Yuk Shan | | (2) Payables to customers | | | 89,632 | | | | 80,843 | | | Fong Wai Lok, Raymond | | (2) Payables to customers | | | 9 | | | | 36 | | | Lau Kam Yan, Karen | | (2) Payables to customers | | | 42,493 | | | | 17,180 | | | Tse Tim | | (2) Payables to customers | | | 15,049 | | | | 74,311 | | | Wu Hin Lun | | (2) Payables to customers | | | 1,020 | | | | 1,028 | | | Zhu Jian Guo | | (2) Payables to customers | | | 2,848 | | | | 2,889 | | | Zhu Yun | | (2) Payables to customers | | | - | | | | 80 | | | Total | | | | $ | 152,348 | | | $ | 176,367 | | | | | | | | | | | | | | | Oriental Moon Tree Limited | | (3) Amounts due to related parties | | $ | - | | | $ | 218,513 | | | Shum Ngan, Sammy | | (4) Amounts due to related parties | | | 16,473 | | | | 41,551 | | | Total | | | | $ | 16,473 | | | $ | 260,064 | | | | | | | | | | | | | | | I Win Growth SPC – Fund 2 SP | | (5) Contract liabilities | | $ | 90,479 | | | $ | - | | | (1) | The balance as of March 31, 2025 represented amounts overdue on brokerage transactions which passed the settlement dates, before allowance for expected credit losses. The balances were fully settled subsequently. | | (2) | The balances as of March 31, 2026 and 2025 represented cash deposits received from the related parties and payables arising from unsettled trades on trade-date basis. | | (3) | The balances as of March 31, 2025 represented the advance from shareholder for operational purposes. The balance was unsecured, non-interest bearing and repayable on demand. | | (4) | The balance as of March 31, 2026 and 2025 represented accrued brokerage, clearing and exchange fees payable to director. | | (5) | The balance as of March 31, 2026 represented amounts billed to related party for services not yet performed. The balance was expected to be recognized as revenue within a twelve-month period. |
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