RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 6 - RELATED PARTY TRANSACTIONS

During the nine months ended April 30, 2023, the Company's shareholders paid operating expenses of $38,710 on behalf of the Company. The advances are unsecured, due on demand and non-bearing interest.

During the nine months ended April 30, 2023, the Company’s related party advanced $2,377,300 to the Company. The advances are unsecured, due on demand and non-bearing interest.

During the nine months ended April 30, 2023, the Company’s officers advanced $170,000 to the Company. The advances are unsecured, due on demand and interest 10% of advanced amount will be interest expense when the Company repays.

During the nine months ended April 30, 2023, the Company’s related parties advanced $1,492,000 and the Company repaid $876,800. 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 nine months ended April 30, 2023, the Company recognized interest expense of $87,680.

As of April 30, 2023, and July 31, 2022, the Company had due to related parties of $3,210,022 and $8,812, respectively.