v3.26.1
RELATED PARTY TRANSACTIONS
 12 Months Ended
May 31, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 13 RELATED PARTY TRANSACTIONS

 

Amounts due from and due to related parties as of May 31, 2026 and 2025 are as follows:

 

Amounts Due From Related Parties     As of May 31, 
      2026   2025 
Name of Related Parties  Relationship with the Company  (audited)   (audited) 
      $   $ 
New Charles Technology Group Limited  Controlled by Lixin Cai   300    300 
Hangzhou Xieli Internet Technology Co., Ltd  Controlled by Cuiyao Luo   129,189    82,171 
Total      129,489    82,471 

 

As of May 31, 2026, the Company paid expenses $300 on behalf of New Charles Technology Group Limited and advanced a short term loan $129,189 to Hangzhou Xielie Internet Technology Co., Limited to pay administrative expenses, which is unsecured, interest-free and repayable on demand.

 

Amounts Due To Related Parties     As of May 31, 
      2026   2025 
Name of Related Parties  Relationship with the Company  (audited)   (audited) 
      $   $ 
Cuiyao Luo  CFO & major shareholder   382,211    359,662 
Lixin Cai  CEO & director   500    - 
Rudong Shi  Director   10,192    9,597 
Total      392,903    369,259 

 

As of May 31, 2026, Cuiyao Luo, Lixin Cai and Rudong Shi advanced $392,903 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose.

 

 

Business Transaction With Related Parties

 

As of May 31, 2026 and 2025, minority shareholders have business transactions with the Company, below are the detail:

 

Name of Related   Relationship with the   Nature of   As of May 31, 2026   As of May 31, 2025 
Parties  Company  Revenue  $   $ 
          22,366    46,821 
Jinan Jieshun Vehicle Service Co., Ltd. and Jinan Jiehuiya Vehicle Service Co., Ltd.(1)  Controlled by ShenJie Guo, who owing 0.015% of Company equity  Brand name management fee   22,366    46,821 
Suzhou Tongxuan Vehicle Service Co., Ltd. (2)  Controlled by GenRong Zhang, who owing 0.015% of Company equity  Brand name management fee   16,774    48,999 
Zhenzhou Maozuo Vehicle Service Co., Ltd. (3)  Controlled by WenZhen Guo, who owing 0.015% of Company equity  Brand name management fee   22,366    43,555 
Changsha Shengqun Vehicle Service Co., Ltd.and Shaoyang Hengchao Vehicle Co., Ltd.(4)  Controlled by Zhongxin Lei, who owing 0.176% of Company equity  Brand name management fee   22,366    56,704 
Lixuan Hongda Vehicle Service Co., Ltd. (5)  Controlled by Shiguo Wang, who owing 0.42% of Company equity  Brand name management fee   -    4,965 

 

(1) The original contract value is $96,953 or RMB700,000, consist of three contracts and contract term is one year. The contract periods are (a) Contract value RMB100,000, from May 2023 to May 2024; (b) Contract value RMB100,000, from August 2023 to August 2024 and (c) Contract value RMB500,000, from September 2024 to September 2025.
(2) The original contract value is $69,252 or RMB500,000, the contract term is one year. The contract period is from August 2024 to August 2025.
(3) The original contract value is $69,252 or RMB500,000, the contract term is one year. The contract period is from September 2024 to September 2025.
(4) The original contract value is $83,102 or RMB600,000, consist of two contracts and contract term is one year. The contract periods are (a) Contract value RMB500,000, from September 2024 to September 2025 and (b) Contract value RMB100,000, from September 2023 to September 2024.
(5) The original contract value is $60,665 or RMB438,000, consist of three contract and contract term is from one year to three years. The contract periods are (a) Contract value RMB100,000, from June 2021 to June 2024; (b) Contact value RMB300,000, from May 2023 to May 2024 and (c) Contract value RMB38,000, form March 2024 to March 2025.