v3.26.1
Related Party Transactions
 3 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

13 — RELATED PARTY TRANSACTIONS

 

(A) Related party balances

 

Accounts receivable, net — a related party

 

Name of Related Party   Relationship   Nature   As of
June 30,
2026		     As of
March 31, 2026		  
Fly E Bike SRL   Zhou Ou (CEO), owns over 50% equity interest of this entity   Accounts receivable   $ 73,130     $ 73,130  
Accounts receivable – a related party             73,130       73,130  
Less: Allowance for credit losses             (41,100 )     (41,100 )
Accounts receivable, net – a related party           $ 32,030     $ 32,030  

 

Prepayments and other receivables — related parties

 

            As of
June 30,		     As of
March 31,		  
Name of Related Party   Relationship   Nature   2026     2026  
Fly E Bike SRL   Zhou Ou (CEO), owns over 50% equity interest of this entity   Other receivables   $ 161,560     $ 161,560  
Zhou Ou   CEO   Other receivables     9,775       —  
Prepayments and other receivables – related parties           $ 171,335     $ 161,560  

 

As of June 30, 2026 and March 31,2026, the Company had an advanced balance of $161,560 due from Fly E Bike SRL, a distributor the Company works with and in which Mr. Ou holds over 50% of the equity interest. The amount is unsecured, non-interest bearing and repayable on demand.

 

During the three months ended June 30, 2026, the Company advanced $9,775 to Mr. Zhou Ou, the Company’s Chief Executive Officer. The amount is unsecured, non-interest bearing and repayable on demand.

 

Accrued expenses and other payables – a related party

 

As of June 30, 2026 and March 31,2026, the Company had amount of $nil and $225 due to Mr. Zhou Ou, the Company’s CEO for payments of operating expenses, respectively. The amount is unsecured, non-interest bearing and repayable on demand.

 

(B) Related party transactions

 

There were no related party transactions in respect of purchases or sales for the three months ended June 30, 2026 and 2025.