Amount Due to Related Parties

3 Months Ended

Sep. 30, 2025

Amount Due to Related Parties [Abstract]

AMOUNT DUE TO RELATED PARTIES

NOTE 9 – AMOUNT DUE TO RELATED PARTIES

At the end of December 2015, Yuxing entered into a sales agreement with the Company’s affiliate, 900LH.com Food Co., Ltd. (“900LH.com”, previously announced as Xi’an Gem Grain Co., Ltd) pursuant to which Yuxing is to supply various vegetables to 900LH.com for its incoming seasonal sales at the holidays and year ends (the “Sales Agreement”). The contingent contracted value of the Sales Agreement is RMB25,500,000 (approximately $3,581,730). For the three months ended September 30, 2025 and June 30, 2025, Yuxing had sold $257,800 and $128,211 products to 900LH.com.

The amount due from 900LH.com to Yuxing was $0 as of September 30, 2025 and June 30, 2025.

As of September 30, 2025, and June 30, 2025, the amount due to related parties was $5,913,935 and $5,886,036, respectively.  As of September 30, 2025, and June 30, 2025, $983,220 and $977,130, respectively were amounts that Gufeng borrowed from a related party, Xi’an Techteam Science& Technology Industry (Group) Co. Ltd., a company controlled by Mr. Zhuoyu Li, Chairman and CEO of the Company, representing unsecured, non-interest-bearing loans that are due on demand.  These loans are not subject to written agreements. As of September 30, 2025, and June 30, 2025, $2,386,619 were advances from Mr. Zhuoyu Li, Chairman and CEO of the Company. The advances were unsecured and non-interest-bearing. As of September 30, 2025, and June 30, 2025, $310,000 were advances from Mr. Zhibiao Pan, the former Co-CEO of the Company. The advances were unsecured and non-interest-bearing.

As of September 30, 2025, and June 30, 2025, the Company’s subsidiary, Jinong, owed 900LH.com $21,631 and $0, respectively.

On July 1, 2024, Jinong renewed the office lease with Kingtone Information Technology Co., Ltd. (“Kingtone Information”), of which Mr. Zhuoyu Li, Chairman and CEO of the Company, served as Chairman. Pursuant to the lease, Jinong rented 612 square meters (approximately 6,588 square feet) of office space from Kingtone Information. The lease provides for a two-year term effective as of July 1, 2024 with monthly rent of RMB28,000 (approximately $3,933).