XML 87 R40.htm IDEA: XBRL DOCUMENT v3.24.2.u1
RELATED PARTY TRANSACTIONS (Tables)
12 Months Ended
Mar. 31, 2024
Related Party Transactions [Abstract]  
Schedule of relationship of related parties
   
    
Name of Related Party  Relationship to the Company
Ms. Fan Zhou  Formerly Controlling shareholder of the Company, ceased on April 15, 2023, Director of the Company
China Youth Langton (Canada) Education Technology Co. Ltd. (“Langton”)  Related due to Ms. Fan Zhou and her immediate family member were directors of Langton before June 2021
Kelly Xu  Operation manager and minority shareholder of Lowell
Rusheng Wu  Principal of Toronto ESchool and spouse of the minority shareholder of Toronto ESchool
Katy Liu  Employee of the Company
Schedule of due from related party
        
   March 31,   March 31, 
    2024    2023 
           
Due from Kelly Xu (Lowell Academy)  $76,888   $191,595 
Schedule of due to related parties
         
   March 31,   March 31, 
Name  2024   2023 
         
Ms. Fan Zhou (a)  $3,872   $4,165,912 
Katy Liu (b)   322,768     
Total  $326,640   $4,165,912 

 

  (a) The balance represented unsecured, due on demand and interest free borrowings between the Company and the controlling shareholder, Ms. Fan Zhou. Ms. Fan Zhou ceased to be the Controlling shareholder on April 15, 2024 and transferred all her equity interest of the Company to another individual who is related to Ms. Fan Zhou.
  (b) On April 1, 2023, the Company entered a one year loan agreement with one employee, and agreed to pay back the principal balance of $258,510 (C$350,000) plus the accrued interest of 64,258 (C$87,000) at the maturity date. As at March 31, 2024, the balance of 322,768 was outstanding with an interest rate of 20% annual after the maturity date.