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RELATED PARTY TRANSACTIONS (Tables)
 3 Months Ended
Sep. 30, 2024
Related Party Transactions [Abstract]  
SCHEDULE OF DUE FROM RELATED PARTIES

As of September 30, 2024 and June 30, 2024, the outstanding amounts due from related parties consisted of the following:

 

   September 30, 2024   June 30, 2024 
         
Chongqing Yufan Trading Co., Ltd (“Chongqing Yufan”)  $280,668   $318,041 
Chongqing Dream Trading Co., Ltd   42,766    41,280 
Wintus China Limited   412,379    412,379 
Fujian Xinglinchun Health Industry Co., Ltd   25,303    24,424 
Subtotal   761,116    796,124 
Less: allowance for credit losses   (412,379)   (412,379)
Total due from related parties, net  $348,737   $383,745 
SCHEDULE OF DUE TO RELATED PARTIES

As of September 30, 2024 and June 30, 2024, the outstanding amounts due to related parties consisted of the following:

 

   September 30, 2024   June 30, 2024 
         
Wang Sai  $-   $58,846 
Huang Shanchun   -    444,595 
Liu Fengming   41,292    19,908 
Zhan Jiarui   19,271    111,528 
Liu Xiqiao   23,123    27,319 
Lyu Jiajia (a)   -    478,547 
Zhao Pengfei   7,128    6,880 
Wang Xiaohui   360,598    342,562 
Chi Keung Yan   630,535    614,427 
Fuzhou Medashan Biotechnology Co., Ltd.   6,539    13,297 
Chongqing Fuling District Renyi Zhilu Silk Industry Co., Ltd   890,703    412,479 
Chongqing Huajian Housing Development Co., Ltd (“Chongqing Huajian”)   336,034    344,996 
Total due to related parties  $2,315,223   $2,875,384 

 

a. On September 27, 2023, the Company entered into a loan agreement with Lyu Jiajia to borrow US$800,000 as working capital for one year, with a maturity date of September 29, 2024. The loan has a fixed interest rate of 15.0% per annum. The Company repaid totaling $0.4 million during the year ended June 30, 2024. As of June 30, 2024, the total outstanding balance, including principal and the interest, amounted to US$478,547. During the three months ended September 30, 2024, all of the amounts, including principal and interest due to Lyu Jiajia, were offset with the consideration for shares purchased from the Company.