RELATED PARTY TRANSACTIONS AND BALANCES

3 Months Ended

Apr. 30, 2026

RELATED PARTY TRANSACTIONS AND BALANCES

RELATED PARTY TRANSACTIONS AND BALANCES

Note 4 – RELATED PARTY TRANSACTIONS AND BALANCES 

Advances from Related Party

During the three months ended April 30, 2026, and 2025, the Company received cash advances of $0 and $500, respectively, from Cheng-Hsiang Kao, the Company’s former Chief Executive Officer and a major shareholder. In addition, the operating expense of $14,368 and $30,434 were paid on behalf of the Company, respectively. These advances are unsecured, non-interest-bearing, and payable on demand. As of April 30, 2026, and January 31, 2026, the total amount of related parties’ advances outstanding were $1,052,351 and $1,037,983, respectively.

Due to Related Party

In prior years, the Company sources 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 April 30, 2026. This shareholder is also family members of the Company’s Chairman. As of April 30, 2026, and January 31, 2026, amounts due to this related party totalled $2,411,000 and are disclosed in Accounts Payable – related party on the balance sheets.

As of April 30, 2026, and January 31, 2026, 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 of $2,411,000. 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.”