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RELATED PARTIES BALANCES AND TRANSACTIONS
 9 Months Ended
Apr. 30, 2025
Related Party Transactions [Abstract]  
RELATED PARTIES BALANCES AND TRANSACTIONS

NOTE 5 – RELATED PARTIES BALANCES AND TRANSACTIONS

 

Due to related parties consists of:

             
         April 30,  July 31, 
Name  Relationship  Transaction Nature  2025  2024 
RQS Capital  61.89% shareholder  Company cash collection due to RQS Capital  $–  $2,271 
TOTAL        $–  $2,271 

  

This liability is unsecured, non-interest bearing, and due on demand.

 

Employment agreements with officers and director retainer agreements

 

Tianci currently maintains two employment agreements and seven director retainer agreements with its officers and directors. The agreements have terms of 3 years and each provides for monthly compensation in amounts ranging from $1,300 per month to $3,800 per month.

 

For the three months ended April 30, 2025 and 2024, the Company incurred management compensation expenses of $56,400 and $56,400, respectively. For the nine months ended April 30, 2025 and 2024, the Company incurred management compensation expenses of $169,200 and $176,400, respectively. These amounts are included in “general and administrative expenses” in the accompanying consolidated statements of operations.