RELATED PARTY TRANSACTIONS (Tables)

6 Months Ended

12 Months Ended

Jun. 30, 2026

Dec. 31, 2025

Related Party Transactions [Abstract]

SCHEDULE OF AMOUNTS DUE FROM RELATED PARTY NET

				As of
				December 31, 2025				June 30, 2026
				US$				US$
Name of related parties		Nature
KLN Group		Receivables from logistics services			1,758,357				1,320,437
Rich Sky Logistics Ltd		Receivables collected on behalf of the Group			612,140				589,078
Rich Sky Logistics Ltd		Reimbursable disbursements advanced on behalf of a related party			287,743				284,700
Kashow Limited		Interest free loan due on demand			341,035				274,223
Caelus Global Strategy Fund SPC		Expenses paid on behalf of the related party			50,959				50,959
KLN Group		Expenses paid on behalf of the related party			28,007				15,556
Chiu Ka Ki		Expenses paid on behalf of the related party			11,365				11,280
Others		Expenses paid on behalf of the related parties and other receivables			22,099				24,490
Less: provision for credit loss ⁽¹⁾					(8,338	)			(8,276	)
Total					3,103,367				2,562,447

(1)

For the six months ended June 30, 2025 and 2026, the Group did not recognize any reversal of the allowance for credit losses on amounts due from related parties. The provision for credit losses as of June 30, 2026 were consisted of bad debt accrued by Smart Minds Holdings Limited before the Group acquired Smart Minds Holdings Limited.

Amounts due to related parties, current

				As of
				December 31, 2025				June 30, 2026
				US$				US$
Name of related parties		Nature
KLN Group		Accrued services fee			419,167				472,766
KLN Group		Loans due on demand			-				153,022
Caelus Global Strategy Fund SPC		Loans due on demand			136,352				136,352
Choy Yuk Fu		Loans due on demand			-				102,015
Caelus Global Venture 2 Limited		Accrued interest of convertible loans			16,321				99,017
Others		Expenses paid on behalf of the Company and accrued expenses			1,660				55,279
Total					573,500				1,018,451

(1)	The balance represents the interest accrued but not yet paid on the convertible loans. For more details, please refer to Note 11.

Amounts due to related parties, non-current

				As of
				December 31, 2025				June 30, 2026
				US$				US$
Name of related parties		Nature
KLN Group		Pre-completion debt ⁽¹⁾			3,195,044				3,323,817
Total					3,195,044				3,323,817

(1)

The balance of Pre completion debt liability represented the estimated fair value of outstanding debts related to the acquisition of TEX and H2N. Refer to Note 3 - Acquisitions included in the Company’s financial statements for the fiscal year ended December 31, 2025 for further information about the Group’s acquisition related transactions.

				As of
				December 31, 2024				December 31, 2025
				US$				US$
Name of related parties		Nature
KLN Group		Receivables from logistics services			-				1,758,357
Rich Sky Logistics Ltd		Receivables collected on behalf of the Group			-				612,140
Kashow Limited		Interest free loan due on demand			192,605				341,035
Rich Sky Logistics Ltd		Reimbursable disbursements advanced on behalf of a related party			-				287,743
Caelus Global Strategy Fund SPC		Expenses paid on behalf of the related party			-				50,959
KLN Group		Expenses paid on behalf of the related party			-				28,007
Chiu Ka Ki		Expenses paid on behalf of the related party			-				11,365
Smart Minds Holdings Limited		Investment deposit ⁽¹⁾			617,944				-
Others		Expenses paid on behalf of the related parties and other receivables			2,417				112,430
Less: provision for credit loss ⁽²⁾					-				(8,338	)
Total					812,966				3,103,367

(1)

On June 14, 2024, the Company entered into Share Subscription Agreement with Smart Minds, pursuant to which Smart Minds agreed to issue and allot to the Company, 1,208,342 ordinary shares at a subscription price of US$0.1061 per share. Following the same subscription price of US$0.1061 per share, the Company entered into several Supplemental Share Subscription Agreements with Smart Minds on July 12, October 18 and December 30, 2024, respectively. The investment deposit has been converted to ordinary shares of Smart Minds on General Meeting since November 3, 2025.

(2)

For the years ended December 31, 2024 and 2025, the Group reversal for credit losses of nil and US$13 on amounts due from related parties. The provision for credit losses as of December 31, 2025 were consisted of bad debt accrued by Smart Minds Holdings Limited before the Group acquired Smart Minds Holdings Limited.

Amounts due to related parties, current

				As of
				December 31, 2024				December 31, 2025
				US$				US$
Name of related parties		Nature
KLN Group		Accrued services fee			-				419,167
Caelus Global Strategy Fund SPC		Loans due on demand			-				136,352
Caelus Global Venture 2 Limited		Accrued interest of convertible loans			7,918				16,321
Oceanus Strategic Limited		Accrued service fee			1,230				-
Others		Expenses paid on behalf of the Company and accrued expenses			-				1,660
Total					9,148				573,500

(1)	The balance represents the interest accrued but not yet paid on the convertible loans. For more details, please refer to Note 13.

Amounts due to related parties, non-current

				As of
				December 31, 2024				December 31, 2025
				US$				US$
Name of related parties		Nature
KLN Group		Pre-completion debt ⁽¹⁾			-				3,156,581
Total					-				3,156,581

(1)	The balance of Pre completion debt liability represented the estimated fair value of outstanding debts related to the acquisition of TEX and H2N. Refer to Note 3 - Acquisitions for further information about the Group’s acquisition related transactions.

SCHEDULE OF SIGNIFICANT RELATED PARTIES, NET

		For the six months ended June 30,
		2025				2026
		US$				US$
Logistics services provided by the Group
KLN Group			-				2,841,789
Others			-				4,330
Total			-				2,846,119

Logistics technology solution services provided by the Group
KLN Group			-				154,738

Transportation, warehouse and other services provided by the related parties
KLN Group			-				609,153
Rich Sky Logistics Ltd			-				471,147
Total			-				1,080,300

Loans to a related party
Kashow Limited			79,315				54,957

Collection of loans from a related party
Kashow Limited			26				89,465

Loans from related parties
KLN Group			-				153,368
Choy Yuk Fu			-				102,245
Total			-				255,613

		For the years ended December 31,
		2024				2025
		US$				US$
Logistics services provided by the Group
KLN Group			-				2,142,662
Others			-				5,501
Total			-				2,148,163

Logistics technology solution services provided by the Group
KLN Group			-				85,459

Transportation, warehouse and other services provided by the related parties
KLN Group			-				283,693
Total			-				283,693

Loans to a related party
Kashow Limited			191,977				107,112

Repayment of loans from a related party
Kashow Limited			-				2,283

Payment of investment deposit
Smart Minds Holdings Limited			615,148				-