| Related Party Transactions |
11.
Related Party Transactions
The
following is a list of related parties which the Company had transactions with during the six months ended August 31, 2025 and the year
ended February 28, 2025:
Summary
of Related Parties Name and Relationship
| | |
Name | |
Relationship |
| | |
| |
|
| (a) | |
Strength Union Holdings Limited | |
Shareholder |
| (b) | |
Virtue Victory Holdings Limited | |
Shareholder |
| (c) | |
Intellegence Triumph Holdings Limited | |
Shareholder |
| (d) | |
Guowei Zhang | |
President of the Company |
| (e) | |
Sichuan Zhicheng Qifeng Technology Co., Ltd | |
Minority shareholder |
| (f) | |
Xiujuan Chen | |
Shareholder |
| (g) | |
Hongwei Li | |
Former Shareholder |
| (h) | |
Chuchu Zhang | |
Former Shareholder |
(a)
The Company had the following balances due to and due from related parties:
At
August 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 | | |
Reclass | | |
Exchange
Rate Translation | | |
August 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 | | |
| - | | |
| - | | |
| (1,240 | ) | |
| - | | |
| - | |
| Sichuan Zhicheng Qifeng Technology Co., Ltd | |
| 52,864 | | |
| - | | |
| - | | |
| - | | |
| 1,130 | | |
| 53,994 | |
| Total amounts due from related parties | |
$ | 70,104 | | |
$ | - | | |
$ | - | | |
$ | (1,240 | ) | |
$ | 1,130 | | |
$ | 69,994 | |
At
August 31, 2025 and February 28, 2025, the Company owed funds to the following related parties:
| | |
February 28,
2025 | | |
Borrowed | | |
Repaid | | |
Reclass | | |
Exchange Rate
Translation | | |
August 31,
2025 | |
| Guowei Zhang | |
$ | 2,046,179 | | |
$ | 173,433 | | |
$ | - | | |
$ | - | | |
$ | 10,166 | | |
$ | 2,229,778 | |
| Xiujuan Chen | |
| 172,193 | | |
$ | 1,026 | | |
| - | | |
| - | | |
| 3,692 | | |
| 176,911 | |
| Chuchu Zhang | |
| 27,462 | | |
| - | | |
| - | | |
| (27,462 | ) | |
| - | | |
| - | |
| Total amounts due to related parties | |
$ | 2,245,834 | | |
$ | 174,459 | | |
$ | - | | |
$ | (27,462 | ) | |
$ | 13,858 | | |
$ | 2,406,689 | |
Advances
from Guowei Zhang were unsecured, non-interest bearing and due on demand.
|