v3.26.3
LONG-TERM BORROWINGS DUE TO RELATED PARTIES
12 Months Ended
Jun. 30, 2026
LONG-TERM BORROWINGS DUE TO RELATED PARTIES  
LONG-TERM BORROWINGS DUE TO RELATED PARTIES

NOTE 20. LONG-TERM BORROWINGS DUE TO RELATED PARTIES

Long-term borrowings due to related parties consisted of the following:

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June 30, 

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June 30, 

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June 30, 

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2025

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2026

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2026

Long-term borrowings due to related parties:

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RMB

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RMB

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US Dollars

Long-term borrowing from a Founder, 3.75% annual interest, three years loan, due on April 29, 2027

 

¥

10,000,000

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¥

—

​

$

—

Total long-term borrowings due to related parties

 

¥

10,000,000

​

¥

—

​

$

—

​

No long-term borrowings due to related parties were guaranteed or collateralized as of June 30, 2025 and 2026.

On May 29, 2024, the Company entered into a three-year supplemental agreement with the founder, changing loan maturity date from June 4, 2024, and June 16, 2024, to April 29, 2027 and the annual interest rate to 3.75%.

Interest expense for long-term borrowings due to related parties were ¥34,375, ¥380,208 and ¥nil for the years ended June 30, 2024, 2025 and 2026, respectively.