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RELATED PARTY TRANSACTIONS (Tables)

12 Months Ended

Mar. 31, 2026

RELATED PARTY TRANSACTIONS

Schedule of related party transactions

a. Nature of relationships with related parties

Name	​ ​ ​	Relationship with the Company
Mr. Jie Xiao		Chairman of the Board, Co-Chief Executive Officer (“co-CEO”)  of the Company
Ms. Meiqi Chen		One of the shareholders of Xinjiang YSX
Mr. Bin Wang		Supervisor of Anjielun, Xinjiang YSX and Guangdong Hengding Technology Co., Ltd. (“Hengding”)
Ms. Ruomei Wu		Largest shareholder of Xihang
Mr. Yizhuo Tan		Director of Xinjiang YSX and also one of the shareholders of Xinjiang YSX
Mr. Weiqiang Zhen	​	Legal representative of Xihang
Guangzhou Yinqi Refrigeration Decoration Engineering Co., Ltd. (“Guangzhou Yinqi”)		Mr. Yizhuo Tan holds 40% ownership interest in this entity and also is the general manager, executive director and legal representative of this entity
Chongqing Yinzhi Business Service Co. Ltd. (“ Chongqing Yinzhi”)		Mr. Yizhuo Tan is the legal representative, executive director and general manager of this entity
Guangzhou Dayong Insurance Agency Co. Ltd. (“Dayong”)		An entity affiliated with one of the shareholders of Xinjiang YSX, Ms. Qian Zeng
Mr. Geran Xiao		Chief Financial Officer (“CFO) of the Company and one of the shareholders of Xinjiang YSX
Guangzhou Tea Source Technology Co. Ltd. (“Tea Source”)		An entity controlled by Mr. Geran Xiao
Guangzhou Auto Service Technology Co., Ltd. (“GZ Auto Service”)		Ms. Meiqi Chen holds 40% ownership interest in this entity and also is the supervisor of this entity

​

b. Revenue and accounts receivable by related parties

Revenue and accounts receivable from related parties consists of the following:

​	​	​	​	​	​	​	​	​	​	​	​
​	​ ​ ​	​	​ ​ ​	Revenue
​	​	​	​	For the years ended March 31,
Name	​ ​ ​	Nature of service contract	​ ​ ​	2026		​ ​ ​	2025		​ ​ ​	2024
Guangzhou Dayong Insurance Agency Co. Ltd. (“Dayong”)		Auto insurance aftermarket value-added services	​	$	22,964,495	​	$	19,894,638	​	$	11,927,909
Total		Total	​	$	22,964,495	​	$	19,894,638	​	$	11,927,909

​

​

​	​	​	​	​	​	​	​	​
​	​ ​ ​	​ ​ ​	​	Accounts receivable
​	​	​	​	As of March 31,
Name	​ ​ ​	Nature of service contract	​ ​ ​	2026		​ ​ ​	2025
Guangzhou Dayong Insurance Agency Co. Ltd. (“Dayong”)		Auto insurance aftermarket value-added services	​	$	18,674,421	​	$	5,381,535
Total		​	​	$	18,674,421	​	$	5,381,535

c. Due from a related party

Due from a related party consists of the following:

​	​	​	​	​	​	​
​	​	As of March 31
Name	​ ​ ​	2026		​ ​ ​	2025
Mr. Jie Xiao		$	—		$	198,611
Total due from a related party	​	$	—	​	$	198,611

d. Due to related parties

Due to related parties consists of the following:

​	​	​	​	​	​	​
​	​ ​ ​	As of March 31
Name	​	2026		​ ​ ​	2025
Mr. Jie Xiao	​	$	175,785	​	$	137,805
Mr. Bin Wang	​		—	​		3,430
Total due to related parties	​	$	175,785	​	$	141,235

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- References

No definition available.

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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

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