Parent Company Only Condensed Financial Information

12 Months Ended

Jun. 30, 2026

Parent Company Only Condensed Financial Information [Abstract]

PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

NOTE 22 – PARENT COMPANY ONLY CONDENSED FINANCIAL INFORMATION

Condensed balance sheets

		As of June 30
		2026				2025
ASSETS
Current assets:
Cash and cash equivalents			1,159,899				61,092
Amounts due from subsidiaries			32,954,827				34,820,125
Prepayments, deposits and other assets, net			204,354				53,161
Total Current Assets			34,319,080				34,934,378

Non-current assets:
Investments in subsidiaries			33,884,223				43,942,900
Total Assets			68,203,303				78,877,278

LIABILITIES AND SHAREHOLDERS’ EQUITY
Current liabilities:
Other payable			24,962				-
Amounts due to subsidiaries			23,383,134				23,340,493
Total Current Liabilities			23,408,096				23,340,493
Total Liabilities			23,408,096				23,340,493

Shareholders’ Equity
Common shares, $0.0001 par value, 100,000,000 shares authorized; 29,854,852 shares issued and outstanding as of June 30, 2026; 27,988,452 shares issued and outstanding as of June 30, 2025			2,986				2,799
Additional paid-in capital			62,148,120				60,177,851
Treasury shares			(132,303	)			-
Accumulated deficit			(14,729,717	)			(1,548,358	)
Accumulated other comprehensive loss			(2,493,879	)			(3,095,507	)

Total Shareholders’ Equity			44,795,207				55,536,785

Total Liabilities and Shareholders’ Equity			68,203,303				78,877,278

Condensed statements of comprehensive loss

		For the year ended June 30
		2026				2025				2024
General and administrative expenses			(2,659,093	)			(3,138,420	)			(3,325,805	)
Share of profit in subsidiaries, net (Note a)			(10,513,638	)			(4,220,986	)			428,620
Other income			-				413,038				567,220
Other expense			(8,628	)			(103,366	)			-

Loss before income tax			(13,181,359	)			(7,049,734	)			(2,329,965	)
Net loss			(13,181,359	)			(7,049,734	)			(2,329,965	)

Foreign currency translation gain (loss)			601,628				1,250,395				(355,308	)

Comprehensive loss			(12,579,731	)			(5,799,339	)			(2,685,273	)

Condensed statements of cash flows

		For the year ended June 30
		2026				2025				2024
Net cash provided by (used in) operating activities			1,084,443				(508,820	)			5,780,974
Net cash used in financing activities			-				(3,641,025	)			(2,554,508	)
Effect of exchange rate changes on cash			14,364				(52,031	)			(8,145	)
Net increase (decrease) in cash and cash equivalents			1,098,807				(4,201,876	)			3,218,321
Cash and cash equivalents, at the beginning of the year			61,092				4,262,968				1,044,647
Cash, and cash equivalents at the end of the year			1,159,899				61,092				4,262,968

(a) Basis of presentation

In the Company-only financial statements, the Company’s investment in subsidiaries is stated at cost plus equity in undistributed earnings of subsidiaries since inception.

The Company records its investment in its subsidiaries under the equity method of accounting as prescribed in ASC 323. Such investments are presented on the balance sheets as “Investments in subsidiaries” and share of the subsidiaries’ profit or loss are shown as “Share of profit in subsidiaries, net” on the statements of comprehensive loss.

Certain information and footnote disclosures normally included in financial statements prepared in accordance with U.S. GAAP have been condensed or omitted and as such, these Company-only financial statements should be read in conjunction with the Company’s consolidated financial statements.