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v3.23.2

Related Party Transaction and Balance (Tables) | 12 Months Ended
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Mar. 31, 2023
Related Party Transaction and Balance [Abstract] |
Schedule of nature of relationships with related parties |
Name |  | Relationship with the Company
Zhong Yang Holdings Limited |  | Predecessor Parent Company, owned by the same group of shareholders and determined to be a related party upon the completion of the Reorganization on March 26, 2020
Sunx Global Limited |  | Predecessor Parent Company owns 95% of Sunx Global Limited
Mr. Huaixi Yang |  | Immediate family member of Ms. Junli Yang, the Chairwoman of the Board
WSYQR Limited |  | Wholly owned by Mr. Huaixi Yang
Schedule of related parties transactions |
|  |  |  | For the Years Ended March 31, |
|  | Nature |  | 2023 |  |  | 2022 |  |  | 2021 |
Zhong Yang Holdings Limited |  | Rental expenses |  | $ | - |  |  | $ | 54,510 |  |  | $ | 119,759 |
Sunx Global Limited |  | Gross commission income |  | $ | - |  |  | $ | 315 |  |  | $ | 19,959 |
Mr. Huaixi Yang |  | Gross commission income |  | $ | 1,962 |  |  | $ | 1,133 |  |  | $ | - |
Mr. Huaixi Yang |  | Interest income |  | $ | 96,317 |  |  | $ | 1,133 |  |  | $ | - |
WSYQR Limited |  | Gross commission income |  | $ | 8,884 |  |  | $ | 10,602 |  |  | $ | - |
Schedule of balance with related parties |
|  | Nature |  | March 31, 2023 |  |  | March 31, 2022 |
Mr. Huaixi Yang |  | Receivable due from customers – a related party |  | $ | 1,523,259 |  |  | $ | - |
Mr. Huaixi Yang |  | Payable to customers - related parties |  | $ | - |  |  | $ | 3,378 |
WSYQR Limited |  | Payable to customers - related parties |  | $ | 12,577 |  |  | $ | 65,398 |
Sunx Global Limited |  | Payable to customers - related parties |  | $ | 30,550 |  |  | $ | 30,647 |

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- Definition Disclosure of related parties include group companies such as holding company, subsidiary company, key management personnel and shareholders that have substantial interest in the business entity. + References No definition available. + Details
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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 No definition available. + Details
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- References No definition available. + Details
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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 No definition available. + Details
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