RELATED PARTY TRANSACTIONS

3 Months Ended

Oct. 31, 2023

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 7 - RELATED PARTY TRANSACTIONS

During the period ended October 31, 2022, the Company's shareholders paid operating expenses of $31,280 on behalf of the Company.  The advances are unsecured, due on demand and non-bearing interest.

During the three months ended October 31, 2023 and 2022, the Company’s related parties advanced $40,000 and $1,441,000 to the Company, and the Company repaid $85,000 and $0, respectively. The advances are unsecured, due on demand and non-bearing interest.

During the three months ended October 31, 2023, the Company’s related parties advanced $50,000 and the Company repaid $18,400. 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 three months ended October 31, 2023, the Company recognized and paid interest expense of $9,258.

As of October 31, 2023 and July 31, 2023, the Company had due to related parties of $3,712,822 and $3,726,222, respectively.