4.  SHORT-TERM INVESTMENT

Short-term investments consist of unit interests in a non-principal-guaranteed, net-asset-value-based bank wealth-management product that invests primarily in fixed-income assets. The investment represents a beneficial interest in a managed investment portfolio and does not represent a direct investment in the underlying debt securities, or a debt security issued by the bank. The carrying amount of the investment is based on the unit net asset value published by the product manager. Changes in the unit net asset value are recognized in other income in the Consolidated Statements of Operations and Comprehensive Income.

As of June 30, 2026, the carrying amount of the Company’s short-term investment was $368. No material changes in the unit net asset value were recognized during the fiscal year ended June 30, 2026. Refer to Note 17 for the related fair-value information.