Related Party Transactions and Balances |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions and Balances [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RELATED PARTY TRANSACTIONS AND BALANCES | NOTE 11 – RELATED PARTY TRANSACTIONS AND BALANCES
The table below sets forth the major related parties and their relationships with the Company as of June 30, 2026 and 2025:
In the 2026 fiscal year, the bonuses awarded by the Company to Fan Zhen and Xu Lei were $300,000 and $500,000, respectively.
Related party transaction
On May 18, 2026, the Company entered into a securities purchase agreement with Mr. Zhen Fan to issue 40,000,000 Class B ordinary shares with a par value of $0.0025 per share at a subscription price of $0.018 per share, for an aggregate consideration of $720,000. As of June 30, 2026, the full subscription proceeds had been received.
On November 26, 2025, Mr. Zhen Fan borrowed an interest-free loan of $1,000,000 from the Company. The loan was fully repaid on June 22, 2026, and balance remained outstanding as of the end of the reporting period. |
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