| Schedule of Allowance for Expected Credit Losses |
The following is a summary
of the activity in the allowance for expected credit losses:
| | |
April 30, 2026 | | |
October 31, 2025 | |
| Balance at beginning of period | |
| 232,876 | | |
| 55,520 | |
| Provision | |
| 286,049 | | |
| 183,501 | |
| Written-off | |
| — | | |
| (8,571 | ) |
| Effect of translation adjustment | |
| 15,248 | | |
| 2,426 | |
| Balance at end of period | |
| 534,173 | | |
| 232,876 | |
|
| Schedule of Movement of Loan |
The following is a summary of the movement of
the loan:
| | |
April 30, 2026 | | |
October 31, 2025 | |
| Balance at beginning of period | |
| 1,254,057 | | |
| 801,512 | |
| Loans lend to franchisees | |
| 573,650 | | |
| 1,103,211 | |
| Repayment from franchisees | |
| (462,945 | ) | |
| (656,937 | ) |
| Effect of translation adjustment | |
| 55,272 | | |
| 6,271 | |
| Balance at end of period | |
| 1,420,034 | | |
| 1,254,057 | |
|
| Schedule of Loan Receivables from Franchisees |
As of April 30, 2026 and October 31,
2025, loan receivables from franchisees, net comprised of the following:
| | |
April 30, 2026 | | |
October 31, 2025 | |
| Loan receivables from franchisees | |
| 1,420,034 | | |
| 1,254,057 | |
| Allowance for expected credit losses | |
| (534,173 | ) | |
| (232,876 | ) |
| Loan receivables from franchisees, net | |
| 885,861 | | |
| 1,021,181 | |
loans receivable from franchisees, net comprised of the following:
| | |
April 30, 2026 | | |
October 31, 2025 | |
| Gao Wenjing | |
| 54,926 | | |
| 52,691 | |
| Wang Shimei | |
| 54,926 | | |
| 52,691 | |
| Zeng Yongjian | |
| 48,335 | | |
| 46,369 | |
| Song Mingfang | |
| 58,588 | | |
| 52,691 | |
| Wang Zhiya | |
| — | | |
| 52,691 | |
| Yu Yang | |
| 58,588 | | |
| 108,896 | |
| Yan Tianxiang | |
| 9,521 | | |
| — | |
| Wang Xuefeng | |
| 190,412 | | |
| 182,664 | |
| Zheng Yanhai | |
| 9,521 | | |
| 9,133 | |
| Chen Yu | |
| — | | |
| 9,133 | |
| Zhang Ying | |
| — | | |
| 9,133 | |
| Wang Hongli | |
| — | | |
| 9,133 | |
| Ge Xiaoqing | |
| 117,177 | | |
| — | |
| Sheng Xidong | |
| 9,521 | | |
| — | |
| Zhou Guixiang | |
| 68,109 | | |
| — | |
| Wang Jia | |
| 9,521 | | |
| — | |
| Meng Hao | |
| 58,588 | | |
| 52,691 | |
| Sun Zhongyao | |
| 9,521 | | |
| — | |
| Wu Yinghan | |
| 190,412 | | |
| 182,664 | |
| Liu Yuping | |
| 190,412 | | |
| 182,664 | |
| Xiao Yang | |
| 19,041 | | |
| 18,266 | |
| Shen Yue | |
| 9,521 | | |
| 9,133 | |
| Zhao Zhe | |
| 9,521 | | |
| 9,134 | |
| Shen Huaimei | |
| 58,588 | | |
| 108,896 | |
| Sun Xuqiang | |
| 68,109 | | |
| | |
| Zhu Hongjun | |
| 58,588 | | |
| | |
| Wang Jingfeng | |
| 58,588 | | |
| | |
| Tang Sumei | |
| — | | |
| 52,692 | |
| Li Ruonan | |
| — | | |
| 52,692 | |
| | |
| 1,420,034 | | |
| 1,254,057 | |
| Less: Allowance for expected credit loss | |
| (534,173 | ) | |
| (232,876 | ) |
| Loan receivables from franchisees, net | |
| 885,861 | | |
| 1,021,181 | |
|