XML 37 R21.htm IDEA: XBRL DOCUMENT v3.25.2
Related party transactions
 12 Months Ended
Jun. 30, 2025
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 June 30, 2025 and June 30, 2024, the total amount due from MII was $0 and $56,406.

 

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

 

On June 3, 2025, the Company, Custom Cup Factory, Inc. (“CCF”) and Ms. Yi Yang, our new director appointed on June 6, 2025, entered into the Limited Liability Company Operating Agreement (the “Operating Agreement”) of United Package NV, LLC, a Nevada limited liability corporation (the “Joint Venture”). The Joint Venture will focus on the domestic production of packaging materials to serve the rapidly growing demands of U.S. businesses seeking reliable, sustainable, and cost-effective supply chain solutions without reliance on offshore manufacturing. See Note 3 above for details.

 

In addition, Ms. Yang’s entity, Pacelor Inc. (“Pacelor”), manages a warehouse and provide fulfillment services for the Company and receives a monthly service fee, which fluctuates from month to month, of approximately $200,000. Ms. Yang is the Founder and Chief Executive Officer of Pacelor. For the year ended June 30, 2025, the Company received $202,922 service from Pacelor after it became the related party of Pacelor on June 6, 2025 and the accounts payable to Pacelor as of June 30, 2025 was 78,831. Ms. Yang’s another entity, Pacelor NV Inc. (“Pacelor NV”) also provides marketing services for the Company. As of June 30, 2025, the outstanding accounts payable to Pacelor NV was $315,019.