Long-Term Investments |
6 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||
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Mar. 31, 2026 | |||||||||||||||||||||||||||||||||||||||||||||||||
| Long-Term Investments [Abstract] | |||||||||||||||||||||||||||||||||||||||||||||||||
| LONG-TERM INVESTMENTS |
As of March 31, 2026 and September 30, 2025, long-term investments consisted of the following:
On September 25, 2025, the Company and the original shareholder (the “Seller”) of ELEFUN GROUP CO., LIMITED (“Elefun”) entered into a Share Transfer Agreement. According to the agreement, the Seller intended to sell, and the Company intended to purchase from the Seller, an aggregate of 30% of the issued and outstanding shares of Elefun at a total price of $8,100,000. In January 2026, the transaction has been closed, and the Company has fully paid consideration.
No impairment loss was recognized during the six months ended March 31, 2026.
For the six months ended March 31, 2026, equity method investments held by the Group have not met the significance criteria as defined under Rule 10-01(b)(1) of Regulation S-X. |
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