v3.26.3
Related Party Balances and Transactions
 12 Months Ended
Jun. 30, 2026
Related Party Balances and Transactions [Abstract]  
Related Party balances and transactions

Note 15 – Related party balances and transactions

 

Related party balances

 

Other receivable, a related party

 

Name of related party   Relationship   Nature   As of
June 30,
2026		     As of
June 30,
2025		  
                         
Ezytronic Sdn Bhd   Jau Long “Jerry” Ooi is a common shareholder   Equipment rental deposit   $ 16,717     $ 13,723  

 

Other payables, related parties

 

Name of Related Party   Relationship   Nature   As of
June 30,
2026		     As of
June 30,
2025		  
                         
Ezytronic Sdn Bhd   Jau Long “Jerry” Ooi is a common shareholder   Operating expense paid on behalf     1,031       494  

 

Related party loan

 

On December 7, 2020, the Company obtained right of use of a vehicle through signing a trust of deed with Chan Chong “Sam” Teo, the Chief Executive Officer and a shareholder of TGL. In return, the Company is obligated to remit monthly installment auto loan payment related to this vehicle on behalf of the related party mentioned above. The total amount of loan that the Company is entitled to repay is approximately $27,000 (RM 114,000). The auto loan bear 5.96% of interest rate per annum with 60 equal monthly installment payment due on the first of each month. As of June 30, 2026, such loan has an outstanding balance of $0. 

 

The interest expense was $307 and $359 for the year ended June 30, 2026 and 2025, respectively.

 

Related party transactions  

 

Operating expenses from related parties

 

Name of related party   Relationship   Nature   As of
June 30,
2026		     As of
June 30,
2025		  
                         
Ezytronic Sdn Bhd   Jau Long “Jerry” Ooi is the common shareholder   operating expense   $ 4,467     $ 7,948