LOAN PAYABLE

1 Months Ended

Dec. 31, 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 one month ended December 31, 2024 and 2023, interest expense was $1,057 and $0, respectively. During the year ended November 30, 2024 and 2023, interest expense was $2,196 and $0, respectively. As of December 31, 2024, November 30, 2024 and November 30, 2023, the accrued interest payable was $3,253, $2,196 and $0, respectively.

As of December 31, 2024, November 30, 2024 and November 30, 2023, the loan payable was $148,442, $148,442 and $0, respectively.