Related Party Transactions (Tables)

6 Months Ended

Dec. 31, 2025

The relationship of related parties is summarized as follows:

Name of Related Party		Relationship with the Company
Mr. Henry Liu		CEO, and an ultimate shareholder of the Company
Mr. Shuai Li		President, and an ultimate shareholder of the Company
Weship Transport Inc. (“Weship”)		Controlled by Mr. Henry Liu
American Bear Logistics (Wuhan) Co., Ltd. (“ABL Wuhan”)		The Company owns 5% of equity interest
American Bear Logistics (Shenzhen) Co., Ltd. (“ABL Shenzhen”)		100% owned subsidiary of ABL Wuhan
LLL Intermodal Inc. (“Intermodal”)		Controlled by Mr. Henry Liu
ABL LAX LLC. (“ABL LAX”)		Controlled by Mr. Henry Liu and Mr. Shuai Li
ABWL Group		Controlled by Mr. Henry Liu and Mr. Shuai Li

Other receivable from related parties consists of balances with the parties listed below, arising from interest receivable, storage income, rental income, contractor salaries charged by related parties, other expenses paid on their behalf:

	December 31, 2025			June 30, 2025
Other receivable from Weship	$	947,914			753,116
Other receivable from Intermodal		115,950			99,635
Other receivable from ABL LAX		13,746			18,291
Other payable to ABL Shenzhen		(1,612	)		(1,612	)
Total	$	1,075,998			869,430

Summary of balances payable to related parties

	December 31, 2025		June 30, 2025
Account payable to Weship	$	127,984		35,003
Account payable to ABL Wuhan		53,945		9,012
Account payable to Intermodal		18,505		21,222
Total	$	200,434		65,237

Summary of balances receivable from related parties

	December 31, 2025		June 30, 2025
Accounts receivable from Weship	$	20,617		8,853
Accounts receivable from ABL Shenzhen		101,298		129,588
Accounts receivable from ABL LAX		320		—
Accounts receivable from ABL Wuhan		321,706		257,890
Total	$	443,941		396,331

Loan receivable from related parties

	December 31, 2025		June 30, 2025
Loan receivable from Weship	$	148,000		148,000
Loan receivable from ABL LAX		238,541		129,741
Total	$	386,541		277,741

Amounts due to a related party consists of balances with the parties listed below, arising from other expenses paid on behalf of ABL Chicago:

		December 31, 2025				June 30, 2025
Amounts due to ABL Wuhan		$	260,144				-

Summary of related parties’ transactions

	For the Three Months Ended December 31,
	2025		2024
Revenue from Weship (a)	$	11,764	$	330
Revenue from ABL Wuhan (a)	$	417,380	$	22,379
Revenue from ABL Shenzhen (a)	$	212,424	$	252,518
Rental income from Weship (c)	$	76,182	$	81,542
Cost of revenue charged by Weship (b)	$	127,003	$	169,098
Cost of revenue charged by Intermodal (e)	$	205,630	$	168,544
Cost of revenue charged by ABL Wuhan (f)	$	22,998	$	18,678
Interest expense charge by ABL Shenzhen (see Note 12)	$	2,418	$	—

	For the Six Months Ended December 31,
	2025		2024
Revenue from Weship (a)	$	11,764	$	1,762
Revenue from ABL Wuhan (a)	$	742,992	$	447,206
Revenue from ABL Shenzhen (a)	$	464,387	$	308,026
Revenue from ABL LAX (a)	$	2,585	$	—
Rental income from Weship (c)	$	152,364	$	178,854
Rental income from Intermodal (d)	$	4,099	$	—
Cost of revenue charged by Weship (b)	$	377,319	$	515,113
Cost of revenue charged by Intermodal (e)	$	359,966	$	341,009
Cost of revenue charged by ABL Wuhan (f)	$	84,852	$	64,928
Interest expense charge by ABL Shenzhen (see Note 12)	$	4,836	$	—

(a)

The Company provides logistic forwarding services to Weship, ABL Wuhan and ABL Shenzhen and charges Weship, ABL Wuhan and ABL Shenzhen at its regular market rate for the services provided.

(b)

Weship is one of the Company’s vendors for truck delivery service.

(c)

The Company subleased portion of its warehouse space to Weship for rental income. The Company subleased its warehouse in Chicago to Weship in July 2023 and again for the period from January 2024 to December 2025. The Company also subleased another warehouse with monthly rent of $6,500 from August 01, 2023 to October 31, 2024.

	(d)	The Company subleased portion of its warehouse space to Intermodal for six months ended December 31, 2025.

	(e)	Intermodal is one of the Company’s vendors, providing truck delivery service and provides labour forces.

(f)

ABL Wuhan provides labor force and certain cross-border freight consolidation and forwarding services and is one of our cross-border freight consolidation and forwarding service providers.

Due to shareholders

	December 31, 2025		June 30, 2025
Due to shareholders, beginning	$	—	$	—
Addition		174,626		—
Due to shareholders, end	$	174,626	$	—

Salaries and employee benefits paid to major shareholders

	For the Three Months Ended December 31,
	2025		2024
Mr. Henry Liu	$	19,708		11,262
Mr. Shuai Li		22,584		12,905
Total	$	42,292		24,167

	For the Six Months Ended December 31,
	2025		2024
Mr. Henry Liu	$	42,231		33,785
Mr. Shuai Li		48,394		38,715
Total	$	90,625		72,500

Lakeside Holding Ltd 10-Q