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LOAN PAYABLE
12 Months Ended
Nov. 30, 2024
LOAN PAYABLE  
LOAN PAYABLE

NOTE 4 – LOAN PAYABLE

 

On September 15, 2024, the Company entered into a loan agreement with a non-affiliate party at $128,401 to support operating expense of the Company. The loan has a maturity date of September 15, 2026 and interest rate at 8% per annum.

 

On November 25, 2024, Goldfinch Group Holdings Ltd. entered into a loan agreement with a non-affiliate party at $20,041 (CNY145,172) to support legal set-up cost of the Company. The loan has a maturity date of November 25, 2026 and interest rate at 10% per annum.

 

During the year ended November 30, 2024 and 2023, interest expense was $2,196 and $0, respectively. As of November 30, 2024 and November 30, 2023, the accrued interest payable was $2,196 and $0, respectively.

 

As of November 30, 2024 and November 30, 2023, the loan payable was $148,442 and $0, respectively.