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Share Based Compensation Expenses (Tables)

12 Months Ended

Mar. 31, 2024

Share Based Compensation Expenses [Abstract]

Schedule of Weighted Average Fair Value of Share Options Grant Date

With the assistance of an independent third-party appraiser, the weighted average fair value of share options at grant date was estimated to be $3.36 per ordinary share, by using the Binomial Option Pricing Model with the following assumptions:

Expected dividend yield			-
Expected volatility			122.25	%
Risk-free interest rate (per annum)			3.18	%
Time to maturity (in years)			4.61

Schedule of Stock Option Activity

A summary of option activity under the employee share option plan as of March 31, 2024 and changes during the year then ended is presented below.

		Number of Options				Weighted Average Exercise Price
Granted		$	1,562,500			$	2
Forfeiture			(156,250	)			2
Outstanding as of March 31, 2024		$	1,406,250			$	2
Exercisable as of March 31, 2024			-				-

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Tabular disclosure for stock option plans. Includes, but is not limited to, outstanding awards at beginning and end of year, grants, exercises, forfeitures, and weighted-average grant date fair value.

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-Topic 718
-SubTopic 10
-Name Accounting Standards Codification
-Section 50
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Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions.

+ References

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-Topic 718
-SubTopic 10
-Subparagraph (f)(2)
-Name Accounting Standards Codification
-Paragraph 2
-Section 50
-Publisher FASB
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