LOANS RECEIVABLE

3 Months Ended

Feb. 28, 2026

LOANS RECEIVABLE

LOANS RECEIVABLE

NOTE 4 — LOANS RECEIVABLE

Loans receivable consists of the following:

	As of February 28,		As of November 30,
	2026		2025
	(Unaudited)			(Audited)
Working funds to third party companies-principal	$	9,949,811	$	9,999,811
Loans receivable	$	9,949,811	$	9,999,811

During fiscal 2025, the Company entered into short-term loan agreements with five unrelated third parties, in an aggregate principal amount of $9,999,811, each bearing interest at an annual rate of 8% and maturing in May 2026. Each loan is secured by an irrevocable personal unlimited joint and several liability guarantee provided by the shareholders or chief executive officers of the respective borrowers. The loans were made to earn interest income on the net proceeds from the Company's IPO prior to their deployment for the purposes described in the Company's prospectus (see Item 2 of Part II).

As of February 28, 2026, the aggregate outstanding balance of loans receivable, including accrued interest, was $10,328,950. Management has evaluated the collectability of the loans receivable and determined that no allowance for credit losses was necessary as of February 28, 2026.

The Company collected $50,000 of the outstanding balance on February 13, 2026. Subsequent to the balance sheet date, the Company collected $100,000 of the outstanding balance on March 16, 2026. The remaining principal balance of $9,849,811 is expected to be collected at maturity in May 2026.