XML 56 R35.htm IDEA: XBRL DOCUMENT v3.25.2
Related Party Transaction and Balance (Tables)
 12 Months Ended
Mar. 31, 2025
Related Party Transaction and Balance [Abstract]  
Schedule of Related Party Transaction and Balance

a. Nature of relationships with related parties

 

Name   Relationship with the Company
Mr. Huaixi Yang   Immediate family member of Ms. Junli Yang, the Chairwoman of the Board.
PRO800 Limited (“PRO800”)   Wholly owned by Ms. Junli Yang, the controlling shareholder of 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 and ceased to be a related party of the Company from February 28, 2024
WSYQR Limited     Wholly owned by Mr. Huaixi Yang before April 1, 2023, and ceased to be a related party of the Company from May 24, 2023.

Sincere Creative Investment LPF

   Indirect subsidiary owns 20% of Sincere Creative Investment LPF.

 

b. Related parties transactions 

 

      For the Years Ended March 31, 
   Nature  2025   2024   2023 
Mr. Huaixi Yang  Gross commission income  $10,204   $-   $1,962 
Mr. Huaixi Yang  Handling income  $13,128   $
-
   $
-
 
Mr. Huaixi Yang  Interest income  $

169,549

   $179,217   $96,317 
WSYQR Limited  Gross commission income  $-   $-   $8,884 

c. Balance with related parties

 

   Nature  March 31,
2025		   March 31,
2024		 
              
Mr. Huaixi Yang  Receivable due from customers – a related party  $
     -
   $1,548,088 
Mr. Huaixi Yang  Payable due to customers – a related party  $880,336   $
-