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Subsequent events | 6 Months Ended
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Dec. 31, 2025
Subsequent events [Abstract] |
Subsequent events | 15. Subsequent events On February 27, 2026, the Company held an extraordinary general meeting (the “2026 EGM”), during which the shareholders approved an ordinary resolution to increase the Company’s authorized share capital from US$50,000, divided into 500,000,000 shares of a par value of US$0.0001 each, to US$100,000, divided into 1,000,000,000 shares of a par value of US$0.0001 each. On March 2, 2026, the Company entered into securities purchase agreements (the “Purchase Agreements”) with ten purchasers (the “Purchasers”) for a private investment in public equity (“PIPE”) transaction in reliance on Regulation S under the Securities Act of 1933, as amended. Pursuant to the Purchase Agreements, the Company agreed to issue and sell to the Purchasers an aggregate of 60,000,000 ordinary shares, par value US$0.0001 per share, at a purchase price of US$0.086 per share, for gross proceeds of US$5.16 million. The PIPE transaction was closed on March 18, 2026. As of the date of these unaudited condensed consolidated financial statements, all proceeds from the PIPE transaction have been received.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
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