Equity |
9 Months Ended | |||
|---|---|---|---|---|
Jun. 30, 2026 | ||||
| Equity [Abstract] | ||||
| Equity |
As of June 30, 2026, the Company had (September 30, 2025: ) shares of all classes of capital stock, each with a par value of US$ per share, authorized and available to issue for purposes of capital financing, consisting of (a) (September 30,2025: ) shares of class A common stock, (b) (September 30,2025: ) shares of class B common stock, and (c) (September 30,2025: ) shares of preferred stock.
On October 8, 2024, the shareholders and Board of Directors of the Company approved a 20 for 1 forward stock split (the “Stock Split”) of the Company’s authorized, issued and outstanding shares of common stock, par value US$. Each pre-split share of common stock outstanding was automatically converted into 20 new shares of common stock. As a result, 600,000 shares of post-split Class B Common Stock were converted into Class A Common Stock, and the outstanding Class A and Class B Common Stock after the Stock Split were shares and shares, respectively.
In October 2024, the Company had filed a Certificate of Amendment with the Office of the Secretary of State of Delaware to effective an increase in the Company’s authorized shares of capital stock to shares each with a par value of US$ per share, consisting of shares of Class A Common Stock, shares of Class B Common Stock and shares of preferred stock.
During the nine months ended June 30, 2025, shareholders had subscribed total shares of Class A common stock of the Company, at a price of US$ per share, an aggregate of US$. As of June 30, 2025, subscription proceeds of US$947,174 was received by the Company and the outstanding subscription amount of US$ was recorded as a subscription receivable.
On July 17,2025, the Company agrees to relieve Shanren Cui of his obligation to pay the balance of the subscription price for the Class A shares to which he subscribed in the Company’s Private Placement. As a condition to his release, Mr. Cui must return to the Company the certificate representing the Class A shares previously issued to him. In exchange, he will be issued a certificate representing 193,294 Class A shares, the amount which was purchased with the $773,174 received from Mr. Cui.
As of June 30, 2026, the Company had (September 30,2025: ) issued and outstanding shares of common stock with total value of US$2,024 (September 30,2025: US$2,024) which was presented in the Group’s consolidated balance sheets. During the nine months ended June 30, 2026 and 2025, no preferred stock was issued and converted. |