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Related party transactions
3 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
Related party transactions

Note 11 - Related party transactions

 

On April 1, 2024, the Company borrowed $350,000 short-term loan from an entity owned by Mr. Allan Huang, one of the majority shareholders of the Company. See Note 10 above for details.

 

During the year ended June 30, 2024, the Company started selling products through MII Strategy Inc. (“MII”), a company owned by the Company’s CEO, Mr. Chenlong Tan. As of September 30, 2024 and June 30, 2024, the total amount due from MII was $56,406. As of the date of this report, the outstanding balance was fully paid off.

 

On July 8, 2023, the Company entered into an agreement with White Cherry for an on demand loan. See Note 10 above for details.