v3.26.3
Related Party Transactions
 12 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS
11. RELATED PARTY TRANSACTIONS

 

The Company had no related-party transactions during the years ended June 30, 2026 and 2025, while the financial statements reflect advances received from related parties during both years. The Company has balances with certain stockholders, officers, directors and entities related to them as of June 30, 2026 and 2025. The relationships relevant to the periods presented are summarized below:

 

Related party   Relationship to the Company

Xiaomin Chen

   Chief Executive Officer and Chairman of the Board; Stockholder
Hung To Pau, Ph.D.   Stockholder
Jie Wang   Stockholder of the Company
Well Fancy Development Ltd.   Hung To Pau is the director and stockholder of the entity

 

The balances with related parties were as follows:

 

Amounts due to related parties — stockholders

 

Related party   As of
June 30,
2026		     As of
June 30,
2025		  
    US$     US$  

Xiaomin Chen

     36,000       —  
Jie Wang     607,014       —  
Total     643,014       —  

 

Amounts due to related parties — related corporations, current

 

Related party   As of
June 30,
2026		     As of
June 30,
2025		  
    US$     US$  
Well Fancy Development Ltd.     435,201       —  
Total     435,201       —  

 

Amounts due to related parties — related corporations, non-current

 

Related party   As of
June 30,
2026		     As of
June 30,
2025		  
    US$     US$  
Well Fancy Development Ltd.     —       69,975  
Total     —       69,975  

 

Note:

 

The amounts due to related parties are advances from related parties for payment of expenses of the Company. The balances are interest-free, unsecured and repayable on demand other than the loan balance due to Mr. Jie Wang, in which the loan was bearing an interest rate of 10% per annum, repayable within one year and unsecured.