Note 9: INVESTMENT

The Company previously recorded an investment in Brightstar Technology Group Co., Ltd. (“Brightstar”), whose shares are listed on The Stock Exchange of Hong Kong Limited. During the year ended April 30, 2026, following a reassessment of the investment and the related accounting treatment, the Company wrote off the carrying amount of the investment and recognized a loss of $955,038.

The loss was included in “Loss on write-off of investment” within other income (expense) in the consolidated statements of operations and comprehensive income/(loss). As of April 30, 2026, no amount related to the investment in Brightstar was recognized in the consolidated balance sheet.