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Related Party Transactions
 6 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
Related party transactions

8. Related party transactions

 

The table below sets forth the major related parties that had transactions with the Group, and their relationships with the Group:

 

No.  Name of Related Parties  Relationships
1  Zheng Nan  Chief Executive Officer and interim Chief Financial Officer
2  Zheng Jiahua  Chairman of the Board of Directors
3  Hangzhou Yinuo Technology Co., Ltd.  Entity controlled by shareholders
4  Chongqing Zijing Huangcheng International Co., Ltd. Hangzhou Branch (“Chongqing Zijing Huangcheng”)  Entity controlled by Zheng Nan’s immediate family

 

(a)The Group entered into the following transactions with related parties:

 

   For the six months ended
December 31,		 
   2024   2025 
   RMB   RMB 
   (Unaudited) 
Nature        
Loans from a related party        
Zheng Jiahua   3,200,000    
-
 
Zheng Nan   
-
    1,320,000 
Repayment of loans from a related party          
Zheng Jiahua   3,200,000    
-
 
Loans to related parties          
Zheng Jiahua   330,000    
-
 
Zheng Nan   6,300,000    
-
 
Chongqing Zijing Huangcheng   
-
    200,000 
Collection from loans to related parties          
Zheng Jiahua   330,000    
-
 
Zheng Nan   6,300,000    
-
 
Chongqing Zijing Huangcheng   
-
    10,000 
Interest receivables of loan to a related party          
Chongqing Zijing Huangcheng   
-
    500 
Accounts received on behalf of the Group          
Zheng Nan   117,482    46,004 
Collection of accounts received on behalf of the Group          
Zheng Nan   225,928    62,544 
Information marketing services procured from a related party          
Chongqing Zijing Huangcheng   
-
    575,710 
Payment on behalf of a related party          
Chongqing Zijing Huangcheng   
-
    35,490 
Payment on behalf of the Group          
Zheng Nan   
-
    16,667 
(b)The Group had the following balances with related parties as of June 30, 2025 and December 31, 2025:

 

Amounts due from related parties  As of
June 30,
2025		   As of
December 31,
2025		 
   RMB   RMB 
       (Unaudited) 
Zheng Nan (1)   79,845    61,707 
Chongqing Zijing Huangcheng (2)   200,000    300,341 
Total   279,845    362,048 
           
Amount due to a related party:          
Zheng Nan(3)   
-
    1,336,667 

 

(1)The balance represented the travel service payments received through the platform fund account on Zelle, a digital payment platform, held by Mr. Zheng Nan, the Chief Executive Officer of the Group.

 

(2)The balance consisted of the prepayments to Chongqing Zijing Huangcheng for marketing services and a loan of RMB200,000, which bears an interest rate consistent with the benchmark interest rate of commercial banks, with a maturity date in June 2026.

 

(3)The balance represented an interest-free loan from Mr. Zheng Nan for the Group’s daily operation and reimbursement of expenses paid on the Group’s behalf. These advances are due on demand and RMB1,300,000 were repaid by the Group in January 2026.