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Share Based Compensation Expenses (Tables) | 12 Months Ended
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Jun. 30, 2024
Share Based Compensation Expenses [Abstract] |
Schedule of Share Based Compensation Expenses | For the years ended June 30, 2022, 2023 and 2024, total share-based compensation expenses that pushed down to the Company from the Predecessors, were RMB100,988, nil and nil, respectively.
|  | For the years ended June 30, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
|  | RMB |  |  | RMB |  |  | RMB |
(a) Share options issued by Predecessors to employees |  |  | 100,629 |  |  |  | - |  |  |  | - |
(b) Share options issued by Company to employees |  |  | 190,370 |  |  |  | 191,583 |  |  |  | 27,757 |
(c) Restriction of ordinary shares held by the Founder |  |  | 430 |  |  |  | 49 |  |  |  | - |
Total |  |  | 291,429 |  |  |  | 191,632 |  |  |  | 27,757 |
Schedule of Summary of Activities of Share Options | A summary of activities of share options of the Company for the years ended June 30, 2022, 2023 and 2024 is presented below:
|  | Options Outstanding |  |  | Weighted Average Exercise Price (US$) |  |  | Weighted Average Remaining Contractual Life (In years) |  |  | Aggregate Intrinsic Value (RMB) |
Outstanding as of July 1, 2021 |  |  | 14,318,812 |  |  |  | 0.3229 |  |  |  | 8.70 |  |  |  | 254,748 |
Granted |  |  | 2,958,000 |  |  |  | 0.8000 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (1,566,500 | ) |  |  | 0.5841 |  |  |  |  |  |  |  |  |
Outstanding as of June 30, 2022 |  |  | 15,710,312 |  |  |  | 0.3861 |  |  |  | 7.90 |  |  |  | 346,142 |
Options vested and exercisable as of June 30, 2022 |  |  | 7,478,922 |  |  |  | 0.2041 |  |  |  | 7.23 |  |  |  | 173,915 |
Outstanding as of July 1, 2022 |  |  | 15,710,312 |  |  |  | 0.3861 |  |  |  | 7.9 |  |  |  | 346,142 |
Granted |  |  | 3,375,000 |  |  |  | 0.1270 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (860,061 | ) |  |  | 0.5991 |  |  |  |  |  |  |  |  |
Outstanding as of June 30, 2023 |  |  | 18,225,251 |  |  |  | 0.1831 |  |  |  | 9.01 |  |  |  | 346,378 |
Options vested and exercisable as of June 30, 2023 |  |  | 10,478,605 |  |  |  | 0.1484 |  |  |  | 8.92 |  |  |  | 201,781 |
Outstanding as of July 1, 2023 |  |  | 18,225,251 |  |  |  | 0.1831 |  |  |  | 9.01 |  |  |  | 346,378 |
Granted |  |  | 4,217,652 |  |  |  | 0.4066 |  |  |  |  |  |  |  |  |
Exercised |  |  | (1,852,806 | ) |  |  | 0.2261 |  |  |  |  |  |  |  |  |
Forfeited |  |  | (2,807,954 | ) |  |  | 0.2507 |  |  |  |  |  |  |  |  |
Expired |  |  | (120,003 | ) |  |  | 0.7162 |  |  |  |  |  |  |  |  |
Outstanding as of June 30, 2024 |  |  | 17,662,140 |  |  |  | 0.2176 |  |  |  | 8.37 |  |  |  | 44,127 |
Options vested and exercisable as of June 30, 2024 |  |  | 11,871,925 |  |  |  | 0.1573 |  |  |  | 8.01 |  |  |  | 34,836 |
Schedule of Estimated Fair Value of Each Option Grant | The estimated fair value of each option grant is estimated on the date of grant using the Binominal option-pricing model with the following assumptions:
|  | For the years ended June 30, |
|  | 2022 |  |  | 2023 |  |  | 2024 |
Expected volatility |  |  | 44.04%-45.32 | % |  |  | 46.00%-48.00 | % |  |  | 81.85%-83.12 | %
Risk-free interest rate (per annum) |  |  | 1.48%-2.39 | % |  |  | 3.15%-3.80 | % |  |  | 3.84%-4.27 | %
Expected dividend yield |  |  | 0.00 | % |  |  | 0.00 | % |  |  | 0.00 | %
Expected term (in years) |  |  | 10 |  |  |  | 10 |  |  |  | 10 |
Fair value of the underlying shares on the date of option grants (US$) |  |  | 3.08-3.87 |  |  |  | 3.80-3.93 |  |  |  | 0.53-1.20 |
Schedule of Summary of Activities of Restricted Shares | A summary of activities of restricted shares for the years ended June 30, 2022 and 2023 is presented below
|  | Number of shares |  |  | Weighted- Average Grant Date Fair Value (in US$) |
Unvested at July 1, 2021 |  |  | 13,660,660 |  |  |  | 0.07 |
Granted |  |  | - |  |  |  | - |
Vested |  |  | (6,905,330 | ) |  |  | 0.08 |
Unvested at June 30, 2022 |  |  | 6,755,330 |  |  |  | 0.06 |
Unvested at July 1, 2022 |  |  | 6,755,330 |  |  |  | 0.06 |
Vested |  |  | (6,755,330 | ) |  |  | 0.06 |
Unvested at June 30, 2023 |  |  | - |  |  |  | - |

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- Definition Tabular disclosure of arrangements with individual employees that are not equity-based payments or pensions and other postretirement benefits, which are generally employment contracts between the entity and selected officers or key employees containing a promise by the employer to pay certain amounts at designated future dates, usually including a period after retirement, upon compliance with stipulated requirements. This type of arrangement is distinguished from broader based employee benefit plans as it is usually tailored to the employee. Examples may include profit sharing, deferred bonuses or certain split-dollar life insurance arrangements. Disclosure also typically includes the amount of related compensation expense recognized during the reporting period and the carrying amount as of the balance sheet date of the related liability. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 710 -SubTopic 10 -Name Accounting Standards Codification -Section 30 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483043/710-10-30-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 710 -SubTopic 10 -Section 25 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483070/710-10-25-11 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
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