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Related Party Transactions (Tables) | 12 Months Ended
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Jun. 30, 2025
Related Party Transactions [Abstract] |
Schedule of List of Related Parties | The following is a list of related parties, with which the Group has transactions:
No. |  | Name of Related Parties |  | Relationship
1 |  | Mr. Chao Gao |  | Principal Shareholder of the Group, Chairman of the Board, and Chief Executive Officer
2 |  | Mr. Jimin An |  | Director and Chief Executive Officer of subsidiaries
3 |  | Mr. Ziqian Guan |  | Director
4 |  | Mr. Yuanchi Guo |  | Director
5 |  | Mr. Linfang Dong |  | Principal Shareholder of Scage Xinjiang
6 |  | Nanjing Feiqizhi Logistics Technology Co., Ltd. |  | Shared the same Supervisor with Scage International
7 |  | Mr. Qiang Fu |  | Supervisor of subsidiaries
8 |  | Ms. Min Wu |  | Director of Scage Nanjing
9 |  | Mr. Jianhua Xia |  | Minority Shareholder of Scage Hunan
10 |  | Finnovate Sponsor L.P. |  | Sponsor of Finnovate
Significant transactions with related parties during the years ended June 30, 2025, 2024 and 2023 were as follows:
|  |  |  | For the years ended June 30, |
Related parties |  | Nature |  | 2025 |  |  | 2024 |  |  | 2023 |
Mr. Chao Gao |  | Proceeds of loans from a related party |  | $ | 2,653,042 |  |  | $ | - |  |  | $ | 632,766 |
|  | Repayments of loan borrowed from a related party |  |  | 666,255 |  |  |  | 454,645 |  |  |  | - |
Mr. Jimin An |  | Expenses paid on behalf of the Group by a related party |  |  | 166,018 |  |  |  | 73,892 |  |  |  | 27,405 |
|  | Reimbursement to a related party for expenses paid on behalf of the Group |  |  | 85,292 |  |  |  | 63,308 |  |  |  | - |
|  | Proceeds of loans borrowed from a related party |  |  | 1,427,027 |  |  |  | 130,107 |  |  |  | - |
|  | Repayments of loan borrowed from a related party |  |  | 1,303,661 |  |  |  | 96,888 |  |  |  | - |
|  | Collection of loan previously lent to a related party |  |  | - |  |  |  | 242,530 |  |  |  | - |
Mr. Ziqian Guan |  | Advance to a related party for daily operation |  |  | 23,564 |  |  |  | 54,209 |  |  |  | - |
|  | Expenses paid on behalf of the Group by a related party |  |  | 116,661 |  |  |  | 180,324 |  |  |  | 44,290 |
|  | Reimbursement to a related party for expenses paid on behalf of the Group |  |  | 103,429 |  |  |  | 109,805 |  |  |  | - |
Nanjing Feiqizhi Logistics Technology Co., Ltd. |  | Payment for purchases to a related party |  |  | - |  |  |  | 262,983 |  |  |  | - |
|  | Collection of rent from a related party |  |  | 14,139 |  |  |  | 16,886 |  |  |  | - |
|  | Rent to a related party |  |  | - |  |  |  | - |  |  |  | 16,290 |
|  | Purchase from a related party |  |  | - |  |  |  | 262,983 |  |  |  | 1,782 |
Mr. Yuanchi Guo |  | Expenses paid on behalf of the Group by a related party |  |  | - |  |  |  | 11,855 |  |  |  | - |
Mr. Linfang Dong |  | Repayments of the loan from a related party |  |  | - |  |  |  | - |  |  |  | 11,505 |
Scage Future |  | Advance to related parties for daily operation before Business Combination |  |  | - |  |  |  | 39,489 |  |  |  | - |
Schedule of Due from Related Parties | Amounts due from related parties as of June 30, 2025 and 2024 were as follows:
|  |  |  | As of June 30, |
Related parties |  | Nature |  | 2025 |  |  | 2024 |
Due from Scage Future before Business Combination |  | Advances |  | $ | - |  |  | $ | 39,489 |
Nanjing Feiqizhi Logistics Technology Co., Ltd. |  | Lease income receivables |  |  | - |  |  |  | 14,036 |
Mr. Yuanchi Guo |  | Advances |  |  | 11,387 |  |  |  | - |
Gross amount |  |  |  |  | 11,387 |  |  |  | 53,525 |
Less: Provision for doubtful accounts |  |  |  |  | - |  |  |  | (14,036 | )
Total amount due from related parties |  |  |  | $ | 11,387 |  |  | $ | 39,489 |
Amounts due to related parties as of June 30, 2025 and 2024 were as follows:
|  |  |  | As of June 30, |
Related parties |  | Nature |  | 2025 |  |  | 2024 |
Amounts due to related parties, current |  |  |  |  |  |  |  |
Finnovate Sponsor L.P. |  | Payments for daily operations |  | $ | 1,269,819 |  |  | $ | - |
Mr. Chao Gao (1) |  | Loan and interest payable |  |  | 398,061 |  |  |  | 181,715 |
Mr. Jimin An |  | Loan and interest payable |  |  | 209,651 |  |  |  | 43,548 |
Mr. Jianhua Xia |  | Payments for daily operations |  |  | 2,513 |  |  |  | - |
Mr. Qiang fu |  | Payments for daily operations |  |  | 2,356 |  |  |  | 872 |
Nanjing Feiqizhi Logistics Technology Co., Ltd. |  | Payables for raw materials |  |  | 1,729 |  |  |  | 1,705 |
Mr. Yuanchi Guo |  | Payments for daily operations |  |  | - |  |  |  | 789 |
Mr. Ziqian Guan |  | Payments for daily operations |  |  | - |  |  |  | 10,258 |
Total amount due to related parties, current |  |  |  | $ | 1,884,129 |  |  | $ | 238,887 |
Amounts due to a related party, non-current |  |  |  |  |  |  |  |  |  |
Mr. Chao Gao(2) |  | Loan and interest payable |  | $ | 2,019,233 |  |  | $ | - |
Total amount due to related parties, non-current |  |  |  | $ | 2,019,233 |  |  | $ | - |
(1) | On March 15, 2020, Mr. Chao Gao signed a loan agreement with Scage International Group and lent US$15,137 (RMB110,000, “First Loan”) to Scage International Group for daily operations, with interest at a rate of 4% per annum. The loan has been fully repaid by Scage International Group on November 20, 2023. On January 4, 2023, Mr. Chao Gao signed a loan agreement with Scage International Group and agreed to lend US$605,460 (RMB4,400,000, “Second Loan”) to Scage International Group for daily operations, with interest at a rate of 4% per annum. The remaining interest-free loans that Scage International Group borrowed from Mr. Chao Gao are unsecured and due on demand of Mr. Chao Gao. US$1,122,909 of the balance has been repaid by Scage International Group as of June 30, 2025 and the amounts due to Mr. Chao Gao was US$398,061 as of June 30, 2025.
| (2) | On July 15, 2024, Scage International entered into separate loan agreements (collectively, the “Original Loan Agreements”) with two creditors for principal amounts of US$1,300,000 and US$700,000, respectively. The loans had a maturity period of two years and bore an annual interest rate of 1%. On June 20, 2025, Scage International, the two original creditors, and Mr. Chao Gao executed an Assignment of Debt and Claims Agreement (the “Assignment Agreement”). Pursuant to the Assignment Agreement, the two original creditors assigned all of their rights and claims under the Original Loan Agreements to Mr. Chao Gao. Following the assignment, Mr. Chao Gao became the sole creditor with respect to the original principal amount of US$2,000,000. Scage International is now obligated to perform all corresponding payment obligations to Mr. Chao Gao. For the year ended June 30, 2025, the interest expense incurred on these loans was US$19,233.

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- Definition Tabular disclosure of related party transactions. Examples of related party transactions include, but are not limited to, transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners and (d) affiliates. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
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