v3.26.1
SHARE-BASED COMPENSATION (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment Arrangement [Abstract]  
SCHEDULE OF SHARE OPTION ACTIVITY

The following table sets forth the share option activities for the fiscal year ended March 31, 2024, the nine months ended December 31, 2024 and the year ended December 31, 2025:

 

SCHEDULE OF SHARE OPTION ACTIVITY

   Number of shares   Weighted-average exercise price   Weighted average remaining contractual term   Aggregate
intrinsic
value		   Weighted average fair value of options 
       US$   YEARS   US$’000   US$ 
                     
Outstanding as of March 31, 2023   26,656,618    0.48    6.83    9,585.96    0.88 
                          
Granted   22,064,611    -*    -    -    0.04 
Forfeited   (4,522,500)   0.86    -    -    1.81 
Exercised   (6,880,590)   -*    -    -    0.11 
                          
Outstanding as of March 31, 2024   37,318,139    0.24    7.67    8,898.37    0.44 
                          
Granted   10,544,400    -*    -    -    0.01 
Forfeited   (2,078,339)   0.90    -    -    1.68 
Exercised   (14,181,600)   -*    -    -    0.04 
                          
Outstanding as of December 31, 2024   31,602,600    0.21    3.60    14,336.67    0.38 
                          
Granted   215,822,400    -*    -    -    0.01 
Forfeited   (6,758,400)   0.07    -    -    0.15 
Exercised   (170,400)   -*    -    -    0.14 
                          
Outstanding as of December 31, 2025   240,496,200    0.02    2.61    2,604.33    0.05 
Vested and expected to vest as of December 31, 2025   240,496,200    0.02    2.61    2,604.33    0.05 
Exercisable as of December 31, 2025   31,853,700    0.12    2.43    262.67    0.36 

 

*Less than 0.01.
SCHEDULE OF RESTRICTED SHARE ACTIVITY

The following table sets forth the restricted share activity for the fiscal year ended March 31, 2024, the nine months ended December 31, 2024 and the year ended December 31, 2025:

 

  

Number of

shares

  

Weighted average

grant date

fair value

 
       US$ 
         
Unvested as of March 31, 2023  -   - 
         
Granted   2,871,270    0.05 
Vested   (2,871,270)   0.05 
           
Unvested as of March 31, 2024   -    - 
           
Granted   -    - 
Vested   -    - 
           
Unvested as of December 31, 2024   -    - 
           
Granted   55,200,600    0.01 
Vested   (55,200,600)   0.01 
           
Unvested as of December 31, 2025   -    - 
SCHEDULE OF SHARE-BASED COMPENSATION EXPENSES BY FUNCTION

The following table sets forth the amounts of share-based compensation expense included in each of the relevant financial statement line items:

 

  

For the fiscal

year ended

March 31,

  

For the nine

months ended

December 31,

  

For the year

ended

December 31,

 
   2024   2024   2025 
   RMB   RMB   RMB 
                
General and administrative expenses   72,942    84,663    36,780 
Research and development expenses   1,420    128    2,491 
Sales and marketing expenses   1,444    136    5,312 
Total   75,806    84,927    44,583