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SUBSEQUENT EVENTS | 12 Months Ended
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Mar. 31, 2026
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS |
22. | SUBSEQUENT EVENTS
The Company evaluated subsequent events through June 29, 2026 , the date on which the consolidated financial statements were available to be issued. Equity Incentive Awards On March 24, 2026, the Compensation Committee approved fully vested share awards under the Company’s 2024 Equity Incentive Plan to certain executive officers. The grant date for the awards was April 8, 2026, and the awards were fully vested and non-forfeitable as of such date. After giving effect to the Company’s one-for-fifteen reverse stock split that became effective on March 30, 2026, the awards consisted of 66,667 shares of Common Stock to Wu Rui, the Company’s Chief Operating Officer, and 12,222 shares of Common Stock to Hong Zhida, the Company’s President, Chief Executive Officer, Secretary and Director. Acquisition of Time Is Loan Limited On April 22, 2026, Yingxi Industrial Chain Investment Co., Ltd. (“Yingxi HK”), the Company’s wholly owned Hong Kong subsidiary, entered into a Share Exchange Agreement with the sole shareholder of Time Is Loan Limited (“Time Is Loan”), a Hong Kong company, to acquire 100% of the equity interests in Time Is Loan. As consideration, the Company agreed to issue 137,790 shares of its common stock to the seller. On May 15, 2026, the acquisition was completed. As of the date these consolidated financial statements were available to be issued, the Company is evaluating the accounting impact of the acquisition, and accordingly, the financial effects of the acquisition have not yet been determined. Related Party Share Exchange Agreement On May 15, 2026, the Company entered into a Share Exchange Agreement with Yingxi Industrial Chain Investment Co., Ltd., Riches Family Office Limited, Riches FO Holdings Limited and Wu Rui, the Company’s Chief Operating Officer and the sole shareholder of Riches FO Holdings Limited. Pursuant to the agreement, Yingxi Industrial Chain Investment Co., Ltd. agreed to acquire 41.67% of the issued and outstanding equity interests of Riches Family Office Limited from Riches FO Holdings Limited in exchange for the issuance of 33,500 shares of the Company’s common stock to Wu Rui. The transaction is a related party transaction and was completed on June 15, 2026. Other Subsequent Events Except as disclosed above, management is not aware of any other subsequent events that would require recognition or disclosure in the consolidated financial statements.

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- 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
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