RELATED PARTY TRANSACTIONS

6 Months Ended

Jan. 31, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 6 - RELATED PARTY TRANSACTIONS

During the six months ended January 31, 2023, the Company's shareholders paid operating expenses of $33,780 on behalf of the Company. The advances are unsecured, due on demand and non-bearing interest.

During the six months ended January 31, 2023, the Company’s related party advanced $1,716,000 to the Company. The advances are unsecured, due on demand and non-bearing interest.

During the six months ended January 31, 2023, the Company’s related parties advanced $900,000 and the Company repaid $420,000. The advances are unsecured, payable during the period of five to ten months with interest of a range from 12% to 24% annual. During the six months ended January 31, 2023, the Company recognized interest expense of $42,000.

As of January 31, 2023, and July 31, 2022, the Company had due to related parties of $2,238,592 and $8,812, respectively.