Related Party Transactions

6 Months Ended

Dec. 31, 2019

Related Party Transactions

Note 6 - Related Party Transactions

Related Parties

Related parties with whom the Company had transactions are:

Related Parties	Relationship
Li Weiwei	President
Alexander Ber	Treasurer

Free Office Space

The Company has been provided office space by its President at no cost. Management determined that such cost is nominal and did not recognize the rent expense in its financial statement.

Related party loan

Since inception the company’s treasurer paid $974 for operating expenses on behalf of the Company.

Company recorded a $5,000 as compensation for Director’s consulting services relating to preparation of Form S-1.

The company’s president also advanced the funds towards operating expenses of $14,000.

Total related party loan amount is $19,974 as of December 31, 2019.

The amounts due to the related party are unsecured and non- interest-bearing with no set terms of repayment.