RELATED PARTY TRANSACTIONS

12 Months Ended

Jul. 31, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 7 - RELATED PARTY TRANSACTIONS

During the years ended July 31, 2023 and 2022, the Company's shareholders paid operating expenses of $38,710 and $5,825 on behalf of the Company, respectively. The advances are unsecured, due on demand and non-bearing interest.

During the year ended July 31, 2023, the Company’s related party advanced $2,670,300 to the Company. The advances are unsecured, due on demand and non-bearing interest.

During the year ended July 31, 2023, the Company’s officers advanced $190,000 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 year ended July 31, 2023, the Company’s related parties advanced $2,192,000 and the Company repaid $1,373,600. 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 year ended July 31, 2023, the Company recognized and paid interest expense of $137,360.

As of July 31, 2023, and 2022, the Company had due to related parties of $3,726,222 and $8,812, respectively.