RELATED PARTY TRANSACTIONS AND BALANCES

12 Months Ended

Jan. 31, 2026

RELATED PARTY TRANSACTIONS AND BALANCES

RELATED PARTY TRANSACTIONS AND BALANCES

Note 4 – RELATED PARTY TRANSACTIONS AND BALANCES

Advances from Related Party

During the years ended January 31, 2026, and 2025, the Company received advances totaling $4,500 and $14,934, from Cheng-Hsiang Kao, the Company’s former Chief Executive Officer and a major shareholder, in addition the operating expenses of $223,378 and $369,689 were paid on behalf of the Company, respectively. These advances are unsecured, non-interest bearing, and payable on demand. As of January 31, 2026, and 2025, the total amount of shareholder advances outstanding was $1,037,983 and $810,105, respectively.

Due to Related Party

In prior years, the Company sourced its inventory exclusively from a vendor wholly owned by shareholders who collectively hold more than 20% of the Company’s outstanding common shares as of January 31, 2026. This shareholder is also family members of the Company’s Chairman. As of January 31, 2026, and 2025, amounts due to this related party totalled $2,411,000 and are disclosed in Accounts Payable – related party on the balance sheets.

As of January 31, 2026, and 2025, the Company does not have written agreements governing the repayment terms of related-party balances. These obligations are unsecured, non-interest-bearing, and payable on demand. 

On May 18, 2026, the Company entered into a deferred payment agreement with a related party., Both parties agreed to defer collection efforts for a period of twenty-four (24) months from May 18, 2026, and the related party will not demand immediate repayment of the outstanding balance. No assurance can be provided that related parties will continue to provide financial support or refrain from demanding repayment.

The Company has not adopted a formal-related-party transaction policy, and all such transactions are approved by management. These related-party relationships and financial dependencies are further discussed under “Risk Factors–Risk Related to Related-Party Transactions and Conflicts of Interest.”