| 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. |
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| 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. |
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