Note 18 – Concentrations of risks

For the year ended June 30, 2026, no customer accounted for 10.0% or more of the Company’s total revenues. For the years ended June 30, 2025, one customer accounted for approximately 63.5% or more of the Company’s total revenues.

As of June 30, 2026, two customers accounted for approximately 86.0% and 13.4% of the total balance of accounts receivable, respectively. As of June 30, 2025, one customer account for approximately 92.3% of the total balance of accounts receivable, respectively

For the years ended June 30, 2026, one vendor accounted for approximately 97.7% of the  Company’s total purchases. For the years ended June 30, 2025, two vendors accounted for approximately 52.7% and 41.2% of the  Company’s total purchases.

As of June 30, 2026, three vendors accounted for approximately 48.8%, 21.8%, and 15.8% of the total balance of accounts payable. As of June 30, 2025, three vendors accounted for approximately 46.7%, 20.9%, and 15.1% of the total balance of accounts payable.

Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash. As of June 30, 2026 and 2025, $1,590,873 and $236,657 were deposited with financial institutions or fund received from customer being held in third party platform’s fund account, $830,937 and $31,115 of these balances are not covered by deposit insurance, respectively. While management believes that these financial institutions are of high credit quality, it also continually monitors their credit worthiness.

Financial instruments that are potentially subject to credit risk consist principally of accounts receivable and other receivables. The Company believes the concentration of credit risk in its accounts receivable and other receivables is substantially mitigated by its ongoing credit evaluation process and relatively short collection terms. The Company does not generally require collateral from customers. The Company evaluates the need for a provision for estimated credit losses based upon factors surrounding the credit risk of specific customers, historical trends and other information.

The Company cannot guarantee that the current exchange rate will remain steady; therefore, there is a possibility that the Company could post the same amount of profit for two comparable periods and because of the fluctuating exchange rate actually post higher or lower profit depending on exchange rate of RM converted to US$ on that date. The exchange rate could fluctuate depending on changes in political and economic environments without notice.