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Preferred Shares (Tables) | 12 Months Ended
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Jun. 30, 2024
Preferred Shares [Abstract] |
Schedule of Issuances of Preferred Shares | The following table summarizes the issuances of preferred shares by Witty network:
Series |  | Issuance Date |  | Shares Issued |  |  | Issue Price per share (US$) |  |  | Aggregated issuance price (US$) |
WN-A |  | April 2017 |  |  | 22,000,000 |  |  |  | 0.0455 |  |  |  | 1,001 |
WN-B |  | April 2018 |  |  | 23,983,789 |  |  |  | 0.1800 |  |  |  | 4,317 |
WN-B-1 |  | May 2018 |  |  | 7,913,872 |  |  |  | 0.3146 |  |  |  | 2,489 |
WN-C |  | June 2018 |  |  | 20,327,789 |  |  |  | 0.5686 |  |  |  | 11,559 |
WN-D |  | August 2020 |  |  | 11,818,754 |  |  |  | 1.1825 |  |  |  | 13,975 |
WN-E |  | November 2020 |  |  | 14,799,427 |  |  |  | 2.3398 |  |  |  | 34,628 |
Schedule of Preferred Shares Activities | The Group’s preferred shares activities for the year ended June 30, 2023 is summarized below:
|  | Series A |  |  | Series B |  |  | Series B-1 |  |  | Series C |  |  | Series D |  |  | Series E |  |  | Total |
|  | Number of shares |  |  | Amount |  |  | Number of shares |  |  | Amount |  |  | Number of shares |  |  | Amount |  |  | Number of shares |  |  | Amount |  |  | Number of shares |  |  | Amount |  |  | Number of shares |  |  | Amount |  |  | Number of shares |  |  | Amount |
|  |  |  |  | RMB |  |  |  |  |  | RMB |  |  |  |  |  | RMB |  |  |  |  |  | RMB |  |  |  |  |  | RMB |  |  |  |  |  | RMB |  |  |  |  |  | RMB |
Balance as of July 1, 2022 |  |  | 22,000,000 |  |  |  | 82,002 |  |  |  | 23,983,789 |  |  |  | 94,833 |  |  |  | 7,913,872 |  |  |  | 33,612 |  |  |  | 20,327,789 |  |  |  | 108,892 |  |  |  | 11,818,754 |  |  |  | 104,156 |  |  |  | 14,799,427 |  |  |  | 240,665 |  |  |  | 100,843,631 |  |  |  | 664,160 |
Accretion of preferred share redemption value |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | 2,894 |  |  |  | - |  |  |  | 5,643 |  |  |  | - |  |  |  | 13,842 |  |  |  | - |  |  |  | 22,379 |
Conversion of preferred shares to ordinary shares upon the completion of the IPO |  |  | 22,000,000 |  |  |  | 82,002 |  |  |  | 23,983,789 |  |  |  | 94,833 |  |  |  | 7,913,872 |  |  |  | 33,612 |  |  |  | 20,327,789 |  |  |  | 111,786 |  |  |  | 11,818,754 |  |  |  | 109,799 |  |  |  | 14,799,427 |  |  |  | 254,507 |  |  |  | 100,843,631 |  |  |  | 686,539 |
Balance as of June 30, 2023 |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |

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- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 2 -SubTopic 10 -Topic 505 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-2 + Details
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