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Related Parties Transactions (Tables)
 6 Months Ended
Dec. 31, 2024
Related Parties Transactions [Abstract]  
Schedule of Major Related Parties and Their Relationships with the Group

The table below sets forth the major related parties and their relationships with the Group as of December 31, 2024 and June 30, 2024:

 

No.   Related Parties   Relationship
1   Ufintek Group Pte. Ltd.   Wang Yizhou, Financial Director of Helport Singapore, serves as the Executive Director of Ufintek Group Pte. Ltd.
2   Stony Holdings Limited   Shareholder of Helport AI Limited
3   Ms. Fan Yu   Chairman of the Board of Directors of Helport Limited
4   Ms. Yizhou Wang   Financial Director of Helport Singapore
Schedule of Transactions with Related Parties: The Group entered into the following transactions with related parties:
   For the six months ended
December 31,		 
   2024   2023 
   (unaudited)   (unaudited) 
Nature        
Reimbursement for advance payment from a related party        
Wang Yizhou  $
-
   $1,524 
           
Loan repayments to related parties          
Ufintek Group Pte. Ltd.  $74,261   $3,638 
Stony Holdings Limited  $269,986   $
-
 
Yu Fan  $84,991   $
-
 
Schedule of Due to Related Parties The Group had the following balances with related parties:
   As of
December 31,		   As of
June 30,		 
   2024   2024 
  (unaudited)     
Amount due to related parties:        
Ufintek Group Pte. Ltd. (1)  $529,823   $604,084 
Yu Fan (1)   6,715    276,701 
Stony Holdings Limited (2)   
-
    84,991 
Total  $536,538   $965,776 

 

(1)The balance represents the advance funds received from related parties for daily operational purposes.
  
(2)On March 15, 2024, the Group entered into Line of Credit Agreements with two existing shareholders, Hades Capital Limited and Stony Holdings Limited (collectively “Helport Shareholders”), which provides the Group with unsecured lines of credit in the principal maximum amount of $4,000,000 and $2,000,000, respectively. The principal indebtedness under the Line of Credit Agreements will mature on the third anniversary of the date the Line of Credit Agreements were entered into, at an interest rate of 0% per annum. As of June 30, 2024, an aggregate of $84,991 were drawn from such lines of credit. As of December 31, 2024, the Group had fully settled the outstanding balance.