v3.26.1
Related party transactions
 9 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
Related party transactions

 

9.Related party transactions

 

On July 1, 2023, the Group and BEYEBE AI Technology Inc (“BEYEBE”), a related party under same shareholder, Weihong Du’s control of the Group, signed an agreement and the BEYEBE was going to pay all operating expenses for the Group until the end of the agreement when the Group will reimburse all payments made on behalf of the Group in a lump sum to BEYEBE. On December 31, 2023, the Group signed a loan agreement with BEYEBE for a 3 years credit loan of an aggregate principal amount not exceeding US$1,000,000 on an interest rate of 7.5% per annum.

 

During the nine months ended June 30, 2026, the Group repaid the outstanding loan principal of US$Nil to BEYEBE. As of June 30, 2026 and 2025, outstanding balance under this loan agreement was US$313,655 and US$Nil, with interest payable to BEYEBE of US$11,161 and US$Nil, respectively.

 

During the nine months ended June 30, 2026, the Group had entered into a License and Supply Agreement (“License Agreement”) with Shenzhen Beyebe Internet Technology Co. Limited (“SZ BEYEBE”), a related party under same shareholder, Weihong Du’s control of the Group. Pursuant to the terms of License Agreement , the Group granted to SZ BEYEBE the right to use and grant others a sublicense to use the Group’s Licensed Intellectual Property, as such term is defined in the License Agreement, and to use and sell the Group’s Licensed Products, as defined in the License Agreement, within mainland China, at a consideration of (i) a fixed license fee of US$300,000 for the first year and (ii) a royalty equal to 15% of the revenue generated by SZ BEYEBE from the distribution of the Licensed Products and Licensed Intellectual Property. The fixed license fee for each year thereafter will be such amount as is agreed upon by the parties. The License Agreement has a term which expires on December 31, 2040.

 

During the nine months ended June 30, 2026, fixed fee license revenue of US$211,500 (2025: US$211,500 ) and royalty revenue of US$29,399 (2025: US$34,796) were arising from the License Agreement.

 

Weihong Du, one of the shareholders of the Group, entered into an employment contract with the Company. Pursuant to the employment contract date July 1, 2023, Mr. Du is entitled for an annual salary of US$60,000 for being the Chief Executive Officer of the Company.

 

Li’ou Xie, one of the shareholders of the Group, entered into a labor contract with the Group’s wholly-owned subsidiary, SGTCL, on January 1, 2024. Pursuant to the terms of the labor contract, Mr. Xie serves as the financial manager for a term of three years, concluding on December 31, 2026, at a monthly salary and bonus of RMB52,200 (approximately US$7,357).

 

The related party transactions of the Group are as follows:

 

  For the three months ended June 30,   For the nine months ended June 30, 
   2026   2025   2026   2025 
  

US$

(Unaudited)

  

US$

(Unaudited)

  

US$

(Unaudited)

  

US$

(Unaudited)

 
BEYEBE AI Technology Inc. (“BEYEBE”)                    
- Interest expense/(income)   4,610    -116    10,829    986 
                     
Shenzhen Beyebe Internet Technology Co. Limited
(“SZ BEYEBE”)		                    
- Fixed fee license revenue   70,500    70,500    211,500    211,500 
- Royalty revenue   —    —    29,399    34,796 
- Rental expense   4,404    4,179    13,008    12,550 

 

   For the three months ended June 30,   For the nine months ended June 30, 
   2026   2025   2026   2025 
  

US$

(Unaudited) 

  

US$

(Unaudited) 

  

US$

(Unaudited) 

  

US$

(Unaudited) 

 
Weihong Du                    
- Payroll expense   7,500    37,500    22,500    52,500 
                     
Li’ou Xie                    
- Payroll expense   23,120    21,947    69,320    65,653 
                     
Liumei Li                    
- Payroll expense   9,000    —    27,000    — 

 

The balances with the related parties are as follows:

 

  As of June 30, 2026   As of September 30, 2025 
  

US$

(Unaudited) 

   US$ 
Amount due to shareholders:          
Weihong Du   5,286    760 
Li’ou Xie   5,763    2,635 
Total amount due to shareholders   11,049    3,395 
           
Amount due to related parties:          
BEYEBE   327,802    115,871 
SZ BEYEBE   325,600    370,919 
Liumei Li   17,293    7,293 
Total amount due to related parties   670,697    494,083