RELATED PARTY TRANSACTIONS

3 Months Ended

Sep. 30, 2025

Related Party Transactions [Abstract]

RELATED PARTY TRANSACTIONS

NOTE 13 – RELATED PARTY TRANSACTIONS

a. Related parties

Name of Related Party	Relationship to the Company
Yun-Kuang Kung	Son of Shang-Chiai Kung, who is the Chairman of Vivic Corp.
Kung Hwang Liu Shiang	Director and Spouse of Shang-Chiai Kung, who is the Chairman of Vivic Corp.
Shang-Chiai Kung	Chairman of Vivic Corp.
Kun-Teng Liao*	COO
Tse-Ling Wang	CEO
Weiguan Ship	Yun-Kuang Kung acquired 100% ownership of this entity from Vivic Corp. in July 2023
Jiazhou Yacht Company Limited	Yun-Kuang Kung has 100% ownership of this entity
Fujian Jiaxin Yacht Company Limited	Yun-Kuang Kung has 100% ownership of this entity
Anhua Tu	Shareholder of Vivic corp.
Chengwei Kung	Grandson of the Chairman of Vivic Crop

* On October 9, 2024, Kun-Teng Liao resigned from his positions with the Company and ceased to be Secretary and a Board Member. Mr. Kun-Teng Liao began to function in the capacity of the Company’s Chief Operating Officer and was officially appointed as the Company’s Chief Operating Officer effective January 25, 2025.

b. Prepayments - related party

As of September 30, 2025 and June 30, 2025, the Company had prepayment to Weiguan Ship of $312,169 and $312,169.

As of September 30, 2025 and June 30, 2025, the Company had prepayment to Fujian Jiaxin Company Limited of $444,492 and $445,894.

In addition, on and effective August 1, 2024, the Board of Directors (the “Board”) of the Company appointed Mr. Tse-Ling Wang, Ms. Liu-Shiang Kung Hwang, Mr. Richard Pao, Mr. Kevin Lee and Ms. Amy Huang to the Board of Directors of the Company. Ms. Hwang, Mr. Wang and Mr. Kevin Lee will each be issued 150,000 shares of the Company’s common stock in consideration of his or her agreement to serve as a director of the Company for a period of one-year, and each of Ms. Huang and Mr. Pao will receive 50,000 shares of the Company’s common stock in consideration of his or her agreement to serve as a director of the Company for a period of one-year. The Board also approved the issuance of 150,000 shares of the Company’s common stock to Mr. Shang-Chiai Kung, the Chairman of the Board, in consideration of his service for a period of one-year. The Company issued an aggregate of 700,000 shares of the Company’s common stock during the year ended June 30, 2025 with a fair value of 1,932,000 as prepaid stock compensation expense. During the three months ended September 30, 2025 and 2024, the Company recorded $161,000 and $322,000 from prepayment as stock compensation expense. As of September 30, 2025 and June 30, 2025, the Company had prepaid Chairman and Directors’ compensation of nil and $161,000, as reflected in prepayments - related party on the consolidated balance sheets, respectively.

Moreover, on September 1, 2024, the Company entered an employment agreement with Mr. Hong Hsin Lai to serve as the Company’s Chief Technology Officer (“CTO”). The agreement was approved by the Board on October 8, 2024. The Company will pay Mr. Lai 50,000 shares of the Company’s common stock in the first year of employment. If the employment agreement is renewed after one-year, the Company will pay Mr. Lai 20,000 shares of the Company’s common stock each year in which he remains employed by the Company. During the three months ended September 30, 2025 and 2024, the Company recorded $17,083 and $8,542 stock compensation expense for shares issued to Mr. Lai. As of September 30, 2025 and June 30, 2025, the Company had prepaid Chairman and Directors’ compensation of $nil and $17,083, as reflected in prepayments - related party on the consolidated balance sheets, respectively.

c. Due from related parties

Due from related parties consisted of the following:

Name	September 30, 2025		June 30, 2025
Weiguan Ship (1)	$	1,714,752	$	2,512,934
Anhua Tu		42,000
Total	$	1,756,752	$	2,512,934

As of September 30, 2025, the due from related parties consisted of the following:

(1) The Company had a receivable from Weiguan Ship for $1,714,752 as of September 30, 2025. Weiguan Ship was owned by the Company prior to June 30, 2023, any amount due was eliminated at consolidation prior to June 30, 2023.   On September 30, 2025, Vivic Corp. (“Party A”) entered into a Debt and Obligation Transfer Agreement with Yun-Kuang Kung (“Party B”), Kung Hwang Liu Shiang (“Party C”), and Weiguan Ship (“Party D”). Pursuant to the agreement, Party C transferred its creditor rights, with an outstanding balance of approximately $0.35 million, to Party B, and Party B agreed to accept such creditor rights.   As the legal representative of Party D, Party B also agreed to offset the transferred creditor rights against the debt owed by Party D to Party A. Subsequently, Party B agreed to offset $0.30 million of its creditor rights against the debt owed by Party D to Party A. Upon this settlement, the corresponding portion of the creditor–debtor relationship was fully resolved, and neither party shall have any further claims or liabilities related to that portion.   After the completion of this Debt and Obligation Transfer Agreement, the total outstanding amount due from Weiguan Ship is $1.6 million.

d. Due to related parties

Due to related parties consisted of the following:

Name	September 30, 2025		June 30, 2025
Kung Hwang Liu Shiang	$	2,823	$	54,205
Yun-Kuang Kung		106,198		106,198
Shang-Chiai Kung		178,651		178,651
Chengwei Kung		50,000		-
Total	$	337,672	$	339,054

In support of the Company’s efforts and cash requirements, it may rely on advances from related parties until such time that the Company can support its operations or attains adequate financing through sales of its equity or traditional debt financing. There is no formal written commitment for continued support by officers, directors, or stockholders. Amounts represent advances or amounts paid in satisfaction of liabilities. The advances are considered temporary in nature and have not been formalized by a promissory note.

Due to related parties represented temporary advances to the Company by the stockholders or senior management of the Company, which were unsecured, interest-free and had no fixed terms of repayments. Imputed interests from related parties’ loan are not significant.

Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the periods presented.