Note 7 — LONG-TERM INVESTMENTS

Equity investments consisted of the following:

SCHEDULE OF EQUITY INVESTMENTS

(a) Investment in Ningbo Huixin LP

Ningbo Huixin LP engages in investing primarily in game development companies. In September 2021, the Company entered into the Ningbo Huixin LP Partnership Agreement (the “Huixin LP Agreement”) with Ningbo Huixin LP and its general partner to acquire 27.27% of the equity in Ningbo Huixin LP. Pursuant to the Huixin LP Agreement, the Company invested, as a limited partner, $137,906 (RMB1 million) into Ningbo Huixin LP. During the year ended June 30, 2026, the Company received $32,564 as a partial return of its capital contributions. The Company considers that it has significant influence over Ningbo Huixin LP due to the level of ownership and its participation in Ningbo Huixin LP’s significant business operating and strategic decisions. Accordingly, the Company accounts for the investment using the equity method. For the years ended June 30, 2026, 2025 and 2024, the Company recognized investment loss of $300, $87 and $96, respectively. For the years ended June 30, 2026, 2025 and 2024, the Company did not recognize any impairment loss for the investment in Ningbo Huixin LP.

(b) Investment in Chongqing Xiangyou LP

Chongqing Xiangyou LP engages in investing primarily in game development companies. In October 2021, the Company entered into the Chongqing Xiangyou LP Partnership Agreement (the “Xiangyou Agreement”) with Chongqing Xiangyou LP and its general partner to acquire 20% of the equity interests in Chongqing Xiangyou LP. The Company invested, as a limited partner, $1,448,016 (RMB10.5 million) into Chongqing Xiangyou LP. During the year ended June 30, 2026, the Company received $341,926 as a partial return of its capital contributions The Company accounts for its investment in Chongqing Xiangyou LP under the equity method of accounting. For the years ended June 30, 2026, 2025 and 2024, the Company recognized investment loss of $20,890, $5,016, and $27,117, respectively. For the years ended June 30, 2026, 2025 and 2024, the Company did not recognize any impairment loss for the investment in Chongqing Xiangyou LP.

(c) Investment in Wuhan Huiyu

Wuhan Huiyu engages in developing mobile gaming applications. In January 2021, the Company entered into a share purchase agreement, with the founder team of Wuhan Huiyu to acquire 37.5% of Wuhan Huiyu. During the year ended June 30, 2022, the Company invested $413,719 (RMB3.0 million) in Wuhan Huiyu. The Company accounts for its investment in Wuhan Huiyu under the equity method of accounting. For the years ended June 30, 2026, 2025 and 2024, the Company recognized an investment income of $9,184, investment loss of $20,854 and investment income of $22,619, respectively. For the years ended June 30, 2026, 2025 and 2024, the Company did not recognize any impairment loss for the investment in Wuhan Huiyu.

(d) Investment in Beijing Jiaqiwan

Beijing Jiaqiwan engages in developing mobile gaming applications. In June 2020, the Company entered into a share purchase agreement to incorporate and acquire 4% of Beijing Jiaqiwan. During the year ended June 30, 2022, the Company invested $165,488 (RMB1.2 million) in Beijing Jiaqiwan. The Company accounts for its investment in Beijing Jiaqiwan at cost under the measurement alternative.

(e) Investment in Juxi Shenzhen

Juxi Shenzhen develops an online game aggregation platform powered by artificial intelligence. In June 2026, the Company entered into an Equity Investment Agreement to acquire 10% of Juxi Shenzhen. During the year ended June 30, 2026, the Company invested $294,800 (RMB2.0 million) in Juxi Shenzhen. The Company accounts for its investment in Juxi Shenzhen at cost under the measurement alternative.

(f) Investment in a private equity fund

Investments in private equity funds over which the Company does not exercise significant influence and that do not have readily determinable fair values are accounted for under the measurement alternative at cost, less impairment, if any, and adjusted for subsequent observable price changes. During the year ended June 30, 2026, the Company invested $250,000 in a private equity fund. No such investment during the fiscal years ended June 30, 2025 and 2024.

For the years ended June 30, 2026, 2025 and 2024 June 30, 2026, 2025 and 2024, the Company did not receive any dividends from all the above investments.