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ACCRUED OFFICER COMPENSATION
3 Months Ended
May 31, 2026
ACCRUED OFFICER COMPENSATION  
ACCRUED OFFICER COMPENSATION AND STOCK COMPENSATION

NOTE 6 – ACCRUED OFFICER COMPENSATION

 

On December 15, 2015, the Company entered into an employment agreement with its CEO, Ms. Yan Li. The agreement was retroactively effective as of December 4, 2015, for a term of 36 months (measured from December 4, 2015). Pursuant to the agreement, Ms. Yan was entitled to an annual salary of $100,500 and 100,000 shares of the Company’s common stock. The granted compensation shares were fully issued by the fiscal year ended at February 28, 2019.

 

Due to the Company’s lack of active operations, no cash compensation was paid nor were any shares issued to Ms. Li during the first quarter ended May 31, 2026. As of May 31, 2026, accrued officer compensation payable to the President remained unchanged at $535,500, representing obligations previously incurred by the fiscal year ended at February 28, 2019 that remain unsettled.