RELATED PARTY TRANSACTIONS AND BALANCES |
12 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Sep. 30, 2025 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Related Party Transactions [Abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RELATED PARTY TRANSACTIONS AND BALANCES | NOTE 22. RELATED PARTY TRANSACTIONS AND BALANCES
The table below sets forth the major related parties and their relationships with the Group as of September 30, 2024 and 2025:
Leases from related parties
The Group has various agreements for the leases of offices and workshop, and warehouse owned by the founder and his family member. The terms of the agreements in effect as of September 30, 2025 state that the Group will continue to lease the property at a monthly rent of HK$33,000 with annual rental expense at HK$396,000.
The details of leases from related parties in effect as of September 30, 2025 are as below:
The lease expenses charged by the above related parties during the years ended September 30, 2024 and 2025 were HK$846,000 and HK$396,000, respectively.
As of September 30, 2024 and 2025, no operating lease ROU assets and operating lease liabilities of leases from related parties were recognized on the consolidated balance sheets since all of these leases were short-term leases.
Guarantee/collateral provided by related parties
Mr. Chan Ming Dave and Ms. Yam Fung Yee Carrie provided guarantee for the banking facilities of a subsidiary as of September 30, 2024 (see Note 14). No guarantee was provided by related parties as of September 30, 2025.
Capital contributions
During the years ended September 30, 2024 and 2025, the Company’s shareholder, Chan Ming Dave, made capital contributions of HK$762,688 and to the Company (see Note 16). |
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