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RELATED PARTIES BALANCES AND TRANSACTIONS
6 Months Ended
Mar. 31, 2025
RELATED PARTIES BALANCES AND TRANSACTIONS  
RELATED PARTIES BALANCES AND TRANSACTIONS

NOTE 8 — RELATED PARTIES BALANCES AND TRANSACTIONS

The Company records transactions with various related parties. These related party balances as of March 31, 2025 and September 30, 2024 (audited) and transactions for the six months ended March 31, 2025 and 2024 are identified as follows:

(1)

Related parties with transactions and related party relationships

Name of Related Party

  ​ ​ ​

Relationship to the Company

Jianbiao Dai

Chief Executive Officer (“CEO”); Chairman of the Company

Shanghai Youfu Network Co., Ltd.

Shareholder of the Company

Lang Wide Investment Inc.

A shareholder of the Company

Shanghai Longruan Electronics Group Co., Ltd

Jianbiao Dai serves as legal representative and holds 80% of the shares

(2)

Related Party Transactions

Borrowing from a related party

  ​ ​ ​

For the six months ended

March 31,

March 31,

2025

2024

Jianbiao Dai

 

$

2,314

 

$

1,502

(3)

Due to related parties

As of

March 31,

September 30,

  ​ ​ ​

2025

  ​ ​ ​

2024

audited

Due to related parties

  ​

  ​

Shanghai Longruan Electronics Group Co., Ltd

$

68,902

$

71,249

Jianbiao Dai

 

8,091

 

18,564

Shanghai Youfu Network Co., Ltd

 

55,121

 

114,138

Lang Wide Investment Inc.

 

25,000

 

25,000

Total

$

157,114

$

228,951