v3.26.1
Related Party Balances and Transactions
 6 Months Ended
Mar. 31, 2026
Related party balances and transactions [Abstract]  
RELATED PARTY BALANCES AND TRANSACTIONS

12. Related party balances and transactions

 

Other payables — related parties consist of the following:

 

        September 30     As of March 31,  
    Relationship   2025     2026     2026  
        RMB     RMB     US$  
Ms. Li   Controlling Shareholder     1,363,693       301,922       43,769  
Meridian Industries Limited (“MIL”)   Common controlled by Mr. Ko and Ms. Li     897,914       953,391       138,213  
Meridian Group Holdings Limited   An intermediate holding company of Ping An     -       -       -  
Wisewing International Ltd (“Wisewing”)   Controlled by Mr. Ko     672,476       182,613       26,473  
Meridian (Shenzhen) Holdings Co., Ltd. (“MDSZ”)   Controlled by Mr. Ko     -       1,600,000       231,952  
Total         2,934,083       3,037,926       440,407  

 

The amount due to Ms. Li is unsecured, interest free with no specific repayment terms. The amount is of non-trade nature.

 

We rented an office premises in Hong Kong from Wisewing International Ltd. The amounts due to Wisewing International Ltd principally represent rental payable.

 

In addition to the guarantees and pledge of assets referred to in note 10, we have the following related party transaction representing rental expense paid to:

 

    For the six months ended March 31,  
    2025     2026     2026  
    RMB     RMB     US$  
                         
Wisewing International Ltd     195,949       182,973       26,526