XML 38 R23.htm IDEA: XBRL DOCUMENT
v3.25.2

Subsequent Events | 9 Months Ended
--- | ---
Mar. 31, 2025
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 17 – SUBSEQUENT EVENTS Effective April 9, 2025, Mr. Daqing Zhu resigned from his position as a director of the Company. Consequently, he also resigned from his positions as Chairman of our Audit Committee, a member of our Nominating Committee, and a member of our Compensation Committee. The Board of Directors (the “Board”) accepted Mr. Zhu’s resignation. Effective April 10, 2025, the Board, upon the recommendation of its Nominating Committee, appointed Mr. Tianping Cai to serve as a director on the Board of Directors of the Company. Mr. Cai has been appointed as Chairman of the Audit Committee and will also serve as a member of the Nominating Committee and the Compensation Committee of the Company’s Board. Mr. Cai has served as the Financial Director of Hong Kong Haoming International Group Limited, a medical device company based in Hong Kong, since 2024. From 2019 to 2023, he served as Director of Risk Management & Control at Sanya East Coast Real Estate Development Co., Ltd. Prior to that, from 2015 to 2019, he was an Internal Auditor at the same company. From 2013 to 2016, Mr. Cai was a Financial Accountant at Sanya Huali Real Estate Development Co., Ltd. On June 13, 2025, the Company and Mr. Zhibiao Pan entered into a Mutual Rescission Agreement terminating the Stock Purchase Agreement originally executed on December 27, 2023. Consequently, the acquisition of Lonestar Dream Inc. was terminated. On June 23, 2025, the Board of the Company, upon the recommendation of its Nominating Committee, appointed Mr. Jian Huang, a current member of the Board and the Company’s Executive Vice President, as Co-Chief Executive Officer of the Company, effective immediately. In his new role, Mr. Huang will lead the Company’s expansion into the blockchain and cryptocurrency sectors. Mr. Huang is an experienced investor in blockchains and crypto currencies. In 2017, he founded ChainVC, a digital asset fund focusing on the blockchain industry, and invested in a series of blockchain companies and digital asset funds including BitFund. Mr. Huang received an EMBA degree from the Guanghua School of Management of Peking University in 2018.

X
- References No definition available. + Details
Name: | us-gaap_SubsequentEventsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483399/855-10-50-2 + Details
Name: | us-gaap_SubsequentEventsTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration