Related Party Transactions (Tables)
|
3 Months Ended |
May 31, 2025 |
Related Party Transactions [Abstract] |
|
Summary of Related Parties Name and Relationship |
The
following is a list of related parties which the Company had transactions with during the three months ended May 31, 2025 and the year
ended February 28, 2025:
Summary
of Related Parties Name and Relationship
|
Name |
|
Relationship |
(a) |
Hongwei Li |
|
Shareholder |
(b) |
Strength Union Holdings Limited |
|
Shareholder |
(c) |
Virtue Victory Holdings Limited |
|
Shareholder |
(d) |
Intellegence Triumph Holdings Limited |
|
Shareholder |
(e) |
Guowei Zhang |
|
President of the Company |
(f) |
Xinxin Chen |
|
Shareholder |
(g) |
Chuchu Zhang |
|
Shareholder |
(h) |
Sichuan Zhicheng Qifeng Technology Co., Ltd |
|
Minority shareholder |
(i) |
Xiujuan Chen |
|
Shareholder |
|
Schedule of Related Party Transactions |
At
May 31, 2025 and February 28, 2025, the Company owned funds from the following related parties:
Schedule
of Related Party Transactions
| |
February 28,
2025 | | |
Provided | | |
Received Repayment | | |
Exchange Rate Translation | | |
May 31,
2025 | |
Intellegence Triumph Holdings Limited | |
$ | 5,000 | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 5,000 | |
Virtue Victory Holdings Limited | |
| 5,200 | | |
| - | | |
| - | | |
| - | | |
| 5,200 | |
Strength Union Holdings Limited | |
| 5,800 | | |
| - | | |
| - | | |
| - | | |
| 5,800 | |
Hongwei Li | |
| 1,240 | | |
| - | | |
| - | | |
| 14 | | |
| 1,254 | |
Sichuan Zhicheng Qifeng Technology Co., Ltd | |
| 52,864 | | |
| - | | |
| - | | |
| 616 | | |
| 53,480 | |
Total amounts due from related parties | |
$ | 70,104 | | |
$ | - | | |
$ | - | | |
$ | 630 | | |
$ | 70,734 | |
At May 31, 2025 and February 28, 2025, the Company owed funds to the following
related parties:
| |
February 28,
2025 | | |
Borrowed | | |
Repaid | | |
Exchange Rate Translation | | |
May 31,
2025 | |
Guowei Zhang | |
$ | 2,046,179 | | |
$ | 32,172 | | |
$ | - | | |
$ | 5,531 | | |
$ | 2,083,882 | |
Xiujuan Chen | |
| 172,193 | | |
| - | | |
| - | | |
| 2,003 | | |
| 174,196 | |
Chuchu Zhang | |
| 27,462 | | |
| - | | |
| - | | |
| 319 | | |
| 27,781 | |
Total amounts due to related parties | |
$ | 2,245,834 | | |
$ | 32,172 | | |
$ | - | | |
$ | 7,853 | | |
$ | 2,285,859 | |
|
Schedule of Related Party Amount Transferred to Creditor |
Schedule of Related Party Amount Transferred
to Creditor
Transferee | |
Transferred amounts (RMB) | | |
Transferred amounts (USD) | |
Hangzhou Chiyi Enterprise Management Partnership (Limited Partnership) | |
| 30,000,000.00 | | |
| 4,219,409 | |
Hangzhou Chuangzhu Enterprise Management Partnership (Limited Partnership) | |
| 10,097,186.49 | | |
| 1,420,139 | |
Hangzhou HongKuo Enterprise Management Partnership (Limited partnership) | |
| 41,802,605.93 | | |
| 5,879,410 | |
Hangzhou Hongying Enterprise Management Partnership (Limited Partnership) | |
| 10,000,000.00 | | |
| 1,406,470 | |
Hangzhou Liujin Enterprise Management Partnership (Limited Partnership) | |
| 37,880,435.02 | | |
| 5,327,769 | |
Hangzhou Ruiqi Enterprise Management Partnership (Limited Partnership) | |
| 43,500,000.00 | | |
| 6,118,143 | |
Hangzhou Zhusheng Enterprise Management Partnership (Limited Partnership) | |
| 20,000,000.00 | | |
| 2,812,940 | |
Hangzhou Zhuyuan Enterprise Management Partnership (Limited Partnership) | |
| 20,000,000.00 | | |
| 2,812,940 | |
Hangzhou Jizhong Ecological Technology Co., Ltd. | |
| 9,450,338.82 | | |
| 1,329,162 | |
Hangzhou Liujin Enterprise Management Partnership Co., Ltd. | |
| 2,000,000.00 | | |
| 281,294 | |
Hangzhou Renyigou E-Commerce Co., Ltd. | |
| 5,100,000.00 | | |
| 717,300 | |
Hangzhou Yixin Supply Chain Management Co., Ltd. | |
| 4,000,000.00 | | |
| 562,588 | |
Hangzhou Zhizhu Parking Co., Ltd. | |
| 458,469.12 | | |
| 64,482 | |
Total | |
| 234,289,035.38 | | |
| 32,952,046 | |
|
Schedule of Related Party Amount Before Transfers and Final Amounts Being Transferred |
The
below table shows the movements of loans before the transfers and the final amounts being transferred.
Schedule
of Related Party Amount Before Transfers and Final Amounts Being Transferred
Transferor | |
Balance as at January 15, 2023 (RMB) | | |
Offset (RMB) | | |
Increase (RMB) | | |
Transferred amounts (RMB) | | |
Transferred amounts (USD) | |
Hangzhou Chiyi Enterprise Management Partnership (Limited Partnership) | |
| 30,000,000.00 | | |
| - | | |
| - | | |
| 30,000,000.00 | | |
| 4,219,409 | |
Hangzhou Chuangzhu Enterprise Management Partnership (Limited Partnership) | |
| 10,097,186.49 | | |
| - | | |
| - | | |
| 10,097,186.49 | | |
| 1,420,139 | |
Hangzhou HongKuo Enterprise Management Partnership (Limited partnership) | |
| 41,802,605.93 | | |
| - | | |
| - | | |
| 41,802,605.93 | | |
| 5,879,410 | |
Hangzhou Hongying Enterprise Management Partnership (Limited Partnership) | |
| 10,000,000.00 | | |
| - | | |
| - | | |
| 10,000,000.00 | | |
| 1,406,470 | |
Hangzhou Liujin Enterprise Management Partnership (Limited Partnership) | |
| 37,880,435.02 | | |
| - | | |
| 8,652,951.79 | | |
| 46,533,386.81 | | |
| 6,544,780 | |
Hangzhou Liujin Enterprise Management Partnership Co., Ltd. | |
| 2,000,000.00 | | |
| - | | |
| 6,427,428.49 | | |
| 8,427,428.49 | | |
| 1,185,292 | |
Hangzhou Ruiqi Enterprise Management Partnership (Limited Partnership) | |
| 43,500,000.00 | | |
| (2,309,273.07 | ) | |
| 4,734,492.66 | | |
| 45,925,219.59 | | |
| 6,459,243 | |
Hangzhou Zhusheng Enterprise Management Partnership (Limited Partnership) | |
| 20,000,000.00 | | |
| - | | |
| - | | |
| 20,000,000.00 | | |
| 2,812,940 | |
Hangzhou Zhuyuan Enterprise Management Partnership (Limited Partnership) | |
| 20,000,000.00 | | |
| - | | |
| - | | |
| 20,000,000.00 | | |
| 2,812,940 | |
Hangzhou Jizhong Ecological Technology Co., Ltd. | |
| 9,450,338.82 | | |
| (9,450,338.82 | ) | |
| - | | |
| - | | |
| - | |
Hangzhou Renyigou E-Commerce Co., Ltd. | |
| 5,100,000.00 | | |
| (5,100,000.00 | ) | |
| - | | |
| - | | |
| - | |
Hangzhou Yixin Supply Chain Management Co., Ltd. | |
| 4,000,000.00 | | |
| (4,000,000.00 | ) | |
| - | | |
| - | | |
| - | |
Hangzhou Zhizhu Parking Co., Ltd. | |
| 458,469.12 | | |
| (458,469.12 | ) | |
| - | | |
| - | | |
| - | |
Total | |
| 234,289,035.38 | | |
| (21,318,081.01 | ) | |
| 19,814,872.94 | | |
| 232,785,827.31 | | |
| 32,740,623 | |
|