RELATED PARTY TRANSACTIONS

9 Months Ended

Apr. 30, 2025

RELATED PARTY TRANSACTIONS

RELATED PARTY TRANSACTIONS

NOTE 6 - RELATED PARTY TRANSACTIONS

During the nine months ended April 30, 2024, one related party assigned $500,000 of his amount due from the Company to another related party.

During the nine months ended April 30, 2024, one related party converted $500,000 of the amount due from the Company to four loan agreements with an interest rate of 9.5% annual with term of 30 years. During the nine months ended April 30, 2024, the Company recognized interest of $19,792 and paid interest of $15,338.

During the nine months ended April 30, 2025, and 2024, the Company's shareholders paid operating expenses of $0 and $16,889 on behalf of the Company.  The advances are unsecured, due on demand and non-bearing interest.

During the nine months ended April 30, 2025, and 2024, the Company’s related parties advanced $1,249,200 and $382,700 to the Company, and the Company repaid $115,700 and $265,889, respectively. The advances are unsecure, due on demand and non-bearing interest.

During the nine months ended April 30, 2024, the Company repaid advances due to the Company’s officers for $29,922. The advances are unsecured, due on demand and the interest 10% of advanced amount will be an interest expense when the Company repays. During the nine months ended April 30,2024, the Company paid $1,840 interest.

During the nine months ended April 30, 2025, and 2024, the Company’s related parties advanced $1,249,200 and $300,000 and the Company repaid $340,699 and $100,000, respectively. 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, 2025, and 2024, the Company recognized and paid interest expenses of $0 and $20,080, respectively. 

During the nine months April 30, 2025, and 2024, the Company’s Board of Directors approved the settlement of $1,716,000 and $2,850,000 due to one related party in exchange of issuance of 4,290,000 shares and 11,400,000 shares of common stock.

On April 17,2025, one related party obtained $489,400 loans from the bank with collateral of four homes. The cash proceeds from mortgage were utilized for settlement of four the Company’s line of credits of $353,099 and the net balance of $136,301 after the closing cost of $17,333 transferred to the Company’s bank account.

During the nine months ended April 30, 2025, and 2024, the Company allocated interest of $0 and $18,650 from total interest of $0 and $41,712 related to the above loans to construction in progress.

As of April 30, 2025, and July 31, 2024, the Company had due to related parties of $298,500 and $1,106,000, respectively.