| RELATED PARTY BALANCES AND TRANSACTIONS |
7.
RELATED PARTY BALANCES AND TRANSACTIONS
As
of June 30, 2026, the Company had the following major related party transactions:
SCHEDULE
OF RELATED PARTY TRANSACTIONS
| Name
of related parties |
|
Relationship
with Company |
| Shengqing Li |
|
Manager of Shenzhen Zhimeng Qiyang Technology Co.,
Ltd. |
| Wenlong Tong |
|
President of the Company |
| Wenwen Yu |
|
Director of Wewin Technology LLC |
| Yujie Liu |
|
Shareholder of the Company |
| Yanli Hou |
|
Director of the Company |
| Xujia Liu |
|
Shareholder of the Company |
| YY Tech Inc. |
|
Shareholder of the Company |
| VMADE CO.,LIMITED |
|
Shareholder of the Company |
| DYT INFO PTE. LTD. |
|
Shareholder of the Company |
| RR Digital Tech Ltd |
|
Shareholder of the Company |
| Joyer investment Limited |
|
Shareholder of the Company |
| Social e-commerce Co., Ltd |
|
Shareholder of the Company |
| Easygo Business Co., Ltd |
|
Shareholder of the Company |
| JOYERTECH AND INFORMATION |
|
Shareholder of the Company |
| Dada Business Trading Co., Limited |
|
Shareholder of the Company |
(a)
Significant transactions with related parties
| Name of related parties | |
Related party transactions | |
Nine
months ended June 30, 2026 | |
| Shengqing Li | |
Loan advanced to Shenzhen Zhimeng Qiyang Technology Co., Ltd. | |
$ | 13,249 | |
| Xujia Liu | |
Loan advanced to CIMG Inc. | |
| 60,000 | |
| Yanli Hou | |
Loan advanced from Zhongyan Shangyue Technology Co., Ltd | |
| 2,348 | |
| YY Tech Inc. | |
Loan advanced to CIMG Inc. | |
| 249,876 | |
| VMADE CO.,LIMITED | |
Loan advanced to CIMG Inc. | |
| 225,000 | |
| DYT INFO PTE. LTD. | |
Loan advanced to CIMG Inc. | |
| 220,000 | |
| RR Digital Tech Ltd. | |
Loan advanced to CIMG Inc. | |
| 187,166 | |
| Joyer investment Limited | |
Loan advanced to CIMG Inc. | |
| 233,437 | |
| Social e-commerce Co., Ltd | |
Loan advanced to CIMG Inc. | |
| 103,838 | |
| Easygo Business Co., Ltd | |
Loan advanced to CIMG Inc. | |
| 28,585 | |
| JOYERTECH AND INFORMATION | |
Loan advanced to CIMG Inc. | |
| 6,453 | |
| Dada Business Trading Co., Limited | |
Loan advanced to CIMG Inc. | |
| 597,489 | |
| Wenwen Yu | |
Loan advanced to CIMG Inc. | |
| 66,207 | |
| Wenlong Tong | |
Loan advanced from Zhongyan Shangyue Technology Co., Ltd | |
| 35,437 | |
Nature
of Related Party Transactions
As
of June 30, 2026, the Company and its subsidiaries entered into certain transactions with related parties in its ordinary course of business.
These transactions primarily consisted of advances made by related parties to settle operating and administrative expenses on behalf
of the Company’s subsidiaries, as well as financing arrangements entered into with related parties.
Except
as otherwise disclosed, all advances from or to related parties were unsecured, non-interest bearing, and had no fixed repayment terms.
Management believes that the terms of these transactions are not materially different from those that could have been obtained from independent
third parties under similar circumstances.
(b)
Balances with related parties
| | |
June 30, 2026 | |
| Wenwen Yu | |
$ | 140,001 | |
| Wenlong Tong | |
| 35,437 | |
| Total amounts due from related parties | |
| 175,438 | |
| | |
| | |
| Shengqing Li | |
$ | 199,014 | |
| Wenwen Yu | |
| 22,500 | |
| Yujie Liu | |
| 72,572 | |
| Dada Business Trading Co., Limited | |
| 597,489 | |
| YY Tech Inc. | |
| 249,876 | |
| Wenlong Tong | |
| 7,582 | |
| Yanli Hou | |
| 3,012 | |
| Xujia Liu | |
| 60,000 | |
| VMADE CO.,LIMITED | |
| 225,000 | |
| DYT INFO PTE. LTD. | |
| 220,000 | |
| RR Digital Tech Ltd. | |
| 187,166 | |
| Joyer investment Limited | |
| 233,437 | |
| Social e-commerce Co., Ltd | |
| 103,838 | |
| JOYERTECH AND INFORMATION | |
| 6,453 | |
| Easygo Business Co., Ltd | |
| 28,585 | |
| Total amounts due to related parties | |
| 2,216,524 | |
The
amounts due from and due to related parties primarily arose from payments made on behalf of the Company or its subsidiaries for operating,
administrative, and legal expenses, as well as advances and settlements in the ordinary course of business. Such balances are recorded
at their original amounts, which approximate fair value due to their short-term nature.
As
of the date of issuance of these financial statements, management does not expect any material credit losses in respect of amounts due
from related parties.
|