v3.26.3
Shareholder’s Equity (Tables)
12 Months Ended
Jun. 30, 2026
Shareholder’s Equity [Abstract]  
Schedule of Key Inputs Used to Estimate the Fair Value of Share Options

For the years ended June 30, 2026, 2025 and 2024, key inputs used to estimate the fair value of share options on the grant dates are as follows:

 

Black-Scholes option pricing model

 

    Options
granted in
June
2021
 
Risk-free interest rate     0.87 %
Expected life of the options     6.25 years  
Expected volatility     64.75 %
Expected dividend yield     0.00 %
Fair value   $ 0.14 *

 

Binomial option pricing model

 

    Options
granted in
January
2022
 
Fair value of the ordinary shares on the date of option grant   $ 0.63 *
Risk-free interest rate     1.53% to 1.589 %
Option life     10 years  
Expected volatility     88.68% to 94.17 %
Expected dividend yield     0.00 %
Exercise price   $ 0.84 *
Expected early exercise multiple     2.80  

 

    Options
granted in
June 2025
 
Fair value of the ordinary shares on the date of option grant   $ 10.39  
Risk-free interest rate     4.23 %
Option life     10 years  
Expected volatility     65.34 %
Expected dividend yield     0.00 %
Exercise price   $ 17.40  
Expected early exercise multiple     2.80  

 

* These have been restated for the 38-for-1 forward stock split.
Schedule of Activities of the Share Options

A summary of activities of the share options for the years ended June 30, 2026 and 2025 are presented as follows:

 

    Number
of Share
Options
    Weighted
Average
Exercise
Price
    Weighted
Average
Grant-date Fair value
    Weighted
Average
Remaining
Contractual
Term
    Aggregate
Intrinsic
Value
 
          $     $     Year     $  
Outstanding as of July 1, 2024     28,673,014       0.26       0.15       7.06       -  
Granted     592,230       17.40       10.39       10.00       -  
Expired, forfeited or cancelled     (4,774,738 )     0.25       0.14       6.55       -  
Outstanding as of June 30, 2025     24,490,506       0.68       0.40       6.16       440,464,693  
Exercised     (410,246 )     0.25       0.14       5.05       -  
Repurchased(2)     (123,498 )     0.59       0.42       5.31       -  
Expired, forfeited or cancelled     (2,035,736 )     0.25       0.14       5.55       -  
Outstanding as of June 30, 2026     21,921,026       0.73       0.43       5.17       117,555,247  
Exercisable as of June 30, 2026     21,476,854       0.38       0.23       5.09       122,578,832  
Vested and Expected to Vest as of June 30, 2026     21,921,026       0.73       0.43       5.17       117,555,247  

  

Notes:

 

(1) The above table reflects the 38-for-1 forward stock split.
(2) In May and June 2026, the Company repurchased 123,498 vested stock options from two independent directors and one former independent director, which had been previously granted through its 2021 Share Option Plan.