v3.26.1
Related Party Transactions
 6 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

18. RELATED PARTY TRANSACTIONS

 

The following is a list of related parties which the Company has transactions with:

 

No.   Name of Related Parties   Relationship
1   Guohua Huang   the Controlled Shareholder of the Company
2   Xiamen Yipin Hengrun Intellectual Property Agency   Controlled by a key management of the Company  
3   Kunchi Huang   A relative of the controlled shareholder of the Company

 

Amounts due from related parties

 

Amount due from related parties consisted of the following for the periods indicated:

 

   As of 
   December 31,   June 30, 
   2025   2025 
Xiamen Yipin Hengrun Intellectual Property Agency  $834,966   $
-
 
Total  $834,966   $
-
 

 

Amounts due to related parties

 

Amount due to related parties consisted of the following for the periods indicated:

 

   As of 
   December 31,   June 30, 
   2025   2025 
Guohua Huang  $1,098,101   $2,034,989 
Kunchi Huang   142,998    
-
 
Xiamen Yipin Hengrun Intellectual Property Agency   
-
    5,654 
Total  $1,241,099   $2,040,643 

The purpose of obtaining loans from these related parties is to maintain the daily operation of the Company and they are non-interest bearing and non-fixed term.

 

Related party transactions

 

During the six months ended December 31, 2025 and 2024, other than the loan from/to the related parties, no other transaction occurred.