DUE TO RELATED PARTIES

3 Months Ended

Oct. 31, 2021

Related Party Transactions [Abstract]

DUE TO RELATED PARTIES

NOTE 4 – DUE TO RELATED PARTIES

During the three months ended October 31, 2021 and 2020, a former shareholder of the Company advanced $17,753 and $11,088 for working capital purpose, respectively.

During the three months ended October 31, 2021 and 2020, the Company repaid $1,202 and $0 due to a former shareholder of the Company, respectively.

On August 26, 2021 and pursuant to the Stock Purchase Agreement dated on August 6, 2021 (see Note 1 - Change of control), Chuah Su Mei, the Company’s former Chief Executive Officer, President and Director and all other former officers forgave all amounts due to them from the Company. In regard to this forgiveness, the Company recognized debt forgiveness by related parties of $349,716 as additional paid-in-capital.

As of October 31, 2021, and July 31, 2021, the Company owed $0 and $333,165, respectively, to related parties. This loan was non-interest bearing and due on demand.

During the three months ended October 31, 2021, the Company accrued $30,600 for the compensation of its CEO and five directors.