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Related Party Transactions (Tables)
12 Months Ended
Jun. 30, 2025
Related Party Transactions [Abstract]  
Schedule of List of Related Parties

The following is a list of related parties, with which the Group has transactions:

 

No.   Name of Related Parties   Relationship
1   Mr. Chao Gao   Principal Shareholder of the Group, Chairman of the Board, and Chief Executive Officer
2   Mr. Jimin An   Director and Chief Executive Officer of subsidiaries
3   Mr. Ziqian Guan   Director
4   Mr. Yuanchi Guo   Director
5   Mr. Linfang Dong   Principal Shareholder of Scage Xinjiang
6   Nanjing Feiqizhi Logistics Technology Co., Ltd.   Shared the same Supervisor with Scage International
7   Mr. Qiang Fu   Supervisor of subsidiaries
8   Ms. Min Wu   Director of Scage Nanjing
9   Mr. Jianhua Xia   Minority Shareholder of Scage Hunan
10   Finnovate Sponsor L.P.   Sponsor of Finnovate

Significant transactions with related parties during the years ended June 30, 2025, 2024 and 2023 were as follows:

 

      For the years ended June 30, 
Related parties  Nature  2025   2024   2023 
Mr. Chao Gao  Proceeds of loans from a related party  $2,653,042   $
-
   $632,766 
   Repayments of loan borrowed from a related party   666,255    454,645    
-
 
Mr. Jimin An  Expenses paid on behalf of the Group by a related party   166,018    73,892    27,405 
   Reimbursement to a related party for expenses paid on behalf of the Group   85,292    63,308    
-
 
   Proceeds of loans borrowed from a related party   1,427,027    130,107    
-
 
   Repayments of loan borrowed from a related party   1,303,661    96,888    
-
 
   Collection of loan previously lent to a related party   
-
    242,530    
-
 
Mr. Ziqian Guan  Advance to a related party for daily operation   23,564    54,209    
-
 
   Expenses paid on behalf of the Group by a related party   116,661    180,324    44,290 
   Reimbursement to a related party for expenses paid on behalf of the Group   103,429    109,805    
-
 
Nanjing Feiqizhi Logistics Technology Co., Ltd.  Payment for purchases to a related party   
-
    262,983    
-
 
   Collection of rent from a related party   14,139    16,886    
-
 
   Rent to a related party   
-
    
-
    16,290 
   Purchase from a related party   
-
    262,983    1,782 
Mr. Yuanchi Guo  Expenses paid on behalf of the Group by a related party   
-
    11,855    
-
 
Mr. Linfang Dong  Repayments of the loan from a related party   
-
    
-
    11,505 
Scage Future  Advance to related parties for daily operation before Business Combination   
-
    39,489    
-
 
Schedule of Due from Related Parties

Amounts due from related parties as of June 30, 2025 and 2024 were as follows:

 

      As of June 30, 
Related parties  Nature  2025   2024 
Due from Scage Future before Business Combination  Advances  $
-
   $39,489 
Nanjing Feiqizhi Logistics Technology Co., Ltd.  Lease income receivables   
-
    14,036 
Mr. Yuanchi Guo  Advances   11,387    
-
 
Gross amount      11,387    53,525 
Less: Provision for doubtful accounts      
-
    (14,036)
Total amount due from related parties     $11,387   $39,489 

Amounts due to related parties as of June 30, 2025 and 2024 were as follows:

 

      As of June 30, 
Related parties  Nature  2025   2024 
Amounts due to related parties, current           
Finnovate Sponsor L.P.  Payments for daily operations  $1,269,819   $
-
 
Mr. Chao Gao (1)  Loan and interest payable   398,061    181,715 
Mr. Jimin An  Loan and interest payable   209,651    43,548 
Mr. Jianhua Xia  Payments for daily operations   2,513    
-
 
Mr. Qiang fu  Payments for daily operations   2,356    872 
Nanjing Feiqizhi Logistics Technology Co., Ltd.  Payables for raw materials   1,729    1,705 
Mr. Yuanchi Guo  Payments for daily operations   
-
    789 
Mr. Ziqian Guan  Payments for daily operations   
-
    10,258 
Total amount due to related parties, current     $1,884,129   $238,887 
              
Amounts due to a related party, non-current             
Mr. Chao Gao(2)  Loan and interest payable  $2,019,233   $
-
 
Total amount due to related parties, non-current     $2,019,233   $
-
 
(1)On March 15, 2020, Mr. Chao Gao signed a loan agreement with Scage International Group and lent US$15,137 (RMB110,000, “First Loan”) to Scage International Group for daily operations, with interest at a rate of 4% per annum. The loan has been fully repaid by Scage International Group on November 20, 2023. On January 4, 2023, Mr. Chao Gao signed a loan agreement with Scage International Group and agreed to lend US$605,460 (RMB4,400,000, “Second Loan”) to Scage International Group for daily operations, with interest at a rate of 4% per annum. The remaining interest-free loans that Scage International Group borrowed from Mr. Chao Gao are unsecured and due on demand of Mr. Chao Gao. US$1,122,909 of the balance has been repaid by Scage International Group as of June 30, 2025 and the amounts due to Mr. Chao Gao was US$398,061 as of June 30, 2025.
  
(2)On July 15, 2024, Scage International entered into separate loan agreements (collectively, the “Original Loan Agreements”) with two creditors for principal amounts of US$1,300,000 and US$700,000, respectively. The loans had a maturity period of two years and bore an annual interest rate of 1%. On June 20, 2025, Scage International, the two original creditors, and Mr. Chao Gao executed an Assignment of Debt and Claims Agreement (the “Assignment Agreement”). Pursuant to the Assignment Agreement, the two original creditors assigned all of their rights and claims under the Original Loan Agreements to Mr. Chao Gao. Following the assignment, Mr. Chao Gao became the sole creditor with respect to the original principal amount of US$2,000,000. Scage International is now obligated to perform all corresponding payment obligations to Mr. Chao Gao. For the year ended June 30, 2025, the interest expense incurred on these loans was US$19,233.