| RELATED PARTY BALANCES AND TRANSACTIONS |
NOTE 18 — RELATED PARTY BALANCES AND TRANSACTIONS The summary of amount due from and due to related parties as the following: | | | Relationship | | June 30,
2026 | | | June 30,
2025 | | | Due from shareholders consist of the following: | | | | | | | | | | | | Mr. Siu Wing Fung, Alfred (“Mr. Siu”) | | Shareholders and directors | | $ | -- | | | $ | 171,023 | | | Harcourt Limited | | A related party (note 1) | | $ | 125,002 | | | | 211,664 | | | | | | | | | | | | | | | Due to a related party consist of the following: | | | | | | | | | | | | Mr. Siu Wing Fung, Alfred (“Mr. Siu”) | | Shareholders and directors | | | (189,483 | ) | | | -- | | Note: | (1) | The directors and shareholders of Harcourt Limited are Mr. Siu and Ms. Fong, Harcourt Limited therefore has the common ultimate beneficial owners with the Company. | The net balance due from (to) shareholders consist of the following: | | | June 30,
2026 | | | June 30, 2025 | | | Due from/ (to)shareholders/ related party | | $ | (64,481 | ) | | $ | 382,687 | | | Less: allowance for expected credit loss | | | — | | | | — | | | | | $ | (64,481 | ) | | $ | 382,687 | | The movement of allowances for expected credit loss is as follow: | | | | June 30,
2026 | | | | June 30,
2025 | | | Balance at beginning of the year | | $ | — | | | $ | — | | | Reversal of Provision / (Provision) | | | — | | | | — | | | Ending balance | | $ | — | | | $ | — | | In addition to the transactions and balances detailed elsewhere in these consolidated financial statements, the Company had the following transactions with related parties: | | | June 30,
2026 | | | June 30,
2025 | | | Directors’ remuneration to Mr. Siu Wing Fung, Alfred | | $ | 150,000 | | | $ | 120,000 | | | Directors’ remuneration to Ms. Fong Hei Yue, Tina | | | 150,000 | | | | 120,000 | | | Directors’ Share Incentive Plan to Mr. Siu Wing Fung, Alfred | | | 105,680 | | | | — | | | Directors’ Share Incentive Plan to Ms. Fong Hei Yue, Tina | | | 105,680 | | | | — | | | Director’s bonus of Mr. Siu Wing Fung, Alfred | | | — | | | | 750,000 | | | Director’s welfare, accommodation and insurance to Mr. Siu Wing Fung, Alfred | | | 29,846 | | | | — | | | Advisory services on fund raising project to Mr Siu, Daniel | | | 32,308 | | | | — | | | Marketing/Administrative service fee to Harcourt Limited | | | 230,769 | | | | — | |
|