CONTROL BY PRINCIPAL OWNERS

12 Months Ended

Jul. 31, 2022

Control By Principal Owners

CONTROL BY PRINCIPAL OWNERS

Note 2 CONTROL BY PRINCIPAL OWNERS

The directors and executive officers own, directly or indirectly, beneficially and in the aggregate, the majority of the voting power of the outstanding capital stock of the Company. Accordingly, directors, executive officers and their affiliates, if they voted their shares uniformly, would have the ability to control the approval of most corporate actions, including approving significant expenses, increasing the authorized capital and the dissolution, merger, or sale of the Company’s assets.