v3.26.3
Share-Based Compensation
 12 Months Ended
Jun. 30, 2026
Share-Based Compensation [Abstract]  
SHARE-BASED COMPENSATION

14. SHARE-BASED COMPENSATION

 

On October 31, 2024, the Board of Directors of the Company approved the 2024 Equity Incentive Plan (the “2024 Plan”), under which, the Board of Directors adopt an equity incentive plan for the purpose of providing incentive and equity awards to directors, employees, franchisees and other individuals, and to reserve 11,416,109 ordinary shares (retrospectively adjusted as approximately 570,806 shares for effect of Share Consolidation) of the Group for issuance pursuant to the 2024 Plan.

 

Restricted share units

 

On January 16, 2025, the Company has granted a total of 9,892,382 restricted shares (retrospectively adjusted as approximately 494,648 shares for effect of Share Consolidation) to certain distributors and employee (the “Participants”) under the 2024 Plan. The restricted share units granted were vested immediately at grant date with no vesting conditions required. The fair value of restricted share units is based on the fair market value of the underlying ordinary shares on grant date.

 

The following table summarized the Group’s restricted share unit activities during the year ended June 30, 2025.

 

    Number of
RSUs*		     Weighted
Average
Grant Date
Fair Value*		  
          USD  
             
Outstanding as of July 1, 2024     -       -  
Granted     494,648       69.2  
Forfeited     -       -  
Vested     (494,648 )     69.2  
Outstanding as of June 30, 2025     -       -  
Outstanding as of June 30, 2026     -       -  

 

* Presented on a retroactive basis to reflect the Share Consolidation (Note 15).

 

Total share-based compensation expenses recognized for these RSUs during the year ended June 30, 2025 were $34,227,641. There was nil unrecognized compensation expenses related to nonvested restricted share units as the RSUs were vested upon grant.