NOTE 16 — RELATED PARTY TRANSACTION AND BALANCE The relationship of related parties is summarized as follows: | Name of Related Party | | Relationship with the Company | | Mr. Yang Li (“Mr. Li”) | | The Chief Executive Officer (“CEO”), the Chairman, the Chief Operating Officer (“COO”) and Director | The Company had the following balances with related parties: | | | For the Years Ended
June 30, | | | | | 2026 | | | 2025 | | | Amount due to a related party | | | | | | | | Mr. Li (1) | | $ | 220,220 | | | $ | - | | | (1) | During the year ended June 30, 2026, Mr. Li (“CEO”) paid certain expenses on behalf of the Company and its subsidiaries totaling $220,220. The amounts paid by the CEO were recorded as amounts due to the CEO. As of June 30, 2026, the Company owed the CEO approximately $220,220. The amount due to the CEO is unsecured, non-interest-bearing, and payable on demand. |
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