| Related Party Transactions |
12.
Related Party Transactions
The
following is a list of related parties which the Company had transactions with during the three months ended May 31, 2026 and the year
ended February 28, 2026:
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) |
|
Ben Liu |
|
Chief Executive Officer |
(a)
The Company had the following transactions with related parties:
Schedule
of Transactions with Related Parties
| Name
|
|
Nature |
|
For
three months
ended
May
31, 2026 |
| Sichuan
Zhicheng Qifeng Technology Co., Ltd. |
|
Cost
of revenues |
|
10,739
|
(b)
The Company had the following balances due to and due from related parties:
Schedule
of Related Party Transactions
At
May 31, 2026 and February 28, 2026, the Company owned funds from the following related parties:
| | |
February 28,
2026 | | |
Provided | | |
Received Repayment | | |
Cost of revenue | | |
Exchange
Rate Translation | | |
May 31,
2026 | |
| Intellegence Triumph Holdings Limited | |
$ | 5,000 | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | - | | |
$ | 5,000 | |
| Virtue Victory Holdings Limited | |
| 5,200 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 5,200 | |
| Strength Union Holdings Limited | |
| 5,800 | | |
| - | | |
| - | | |
| - | | |
| - | | |
| 5,800 | |
| Sichuan Zhicheng Qifeng Technology Co., Ltd | |
| - | | |
| 10,739 | | |
| - | | |
| (10,739 | ) | |
| - | | |
| - | |
| Total amounts due from related parties | |
$ | 16,000 | | |
$ | 10,739 | | |
$ | - | | |
$ | (10,739 | ) | |
$ | - | | |
$ | 16,000 | |
At
May 31, 2026 and February 28, 2026, the Company owed funds to the following related parties:
| | |
February 28,
2026 | | |
Borrowed | | |
Repaid | | |
Reclass | | |
Exchange Rate Translation | | |
May 31,
2026 | |
| Guowei Zhang | |
$ | 2,492,261 | | |
$ | 39,938 | | |
$ | - | | |
$ | - | | |
$ | 6,845 | | |
$ | 2,539,044 | |
| Xiujuan Chen | |
| 185,166 | | |
$ | - | | |
| - | | |
| - | | |
| 2,509 | | |
| 187,675 | |
| Ben Liu | |
| 169,201 | | |
| - | | |
| - | | |
| - | | |
| 2,293 | | |
| 171,494 | |
| Total amounts due to related parties | |
$ | 2,846,628 | | |
$ | 39,938 | | |
$ | - | | |
$ | - | | |
$ | 11,647 | | |
$ | 2,898,213 | |
Advances
from Guowei Zhang were unsecured, non-interest bearing and due on demand.
|