Right-of-Use Assets and Operating Lease Liabilities

6 Months Ended

May 31, 2026

Right-of-Use Assets and Operating Lease Liabilities [Abstract]

RIGHT-OF-USE ASSETS AND OPERATING LEASE LIABILITIES

As of May 31, 2026 and November 30, 2025, the Group consisted of the following non-cancellable lease contracts.

Description of lease		Lease term
Office at Units 1203C, 12^th Floor of Admiralty Centre Tower 1, No 18 Harcourt Road, Hong Kong		From March 15, 2025 to March 14, 2027

(a) Amounts recognized in the unaudited interim condensed consolidated balance sheet:

	As of
	November 30, 2025 (Audited)		May 31, 2026 (Unaudited)		May 31, 2026 (Unaudited)
	HK$		HK$		US$
Right-of-use assets		666,475		418,775		53,438

Operating lease liabilities
Current		499,296		418,775		53,438
Non-current		167,179		-		-
		666,475		418,775		53,438

(b) A summary of lease cost recognized in the Group’s unaudited interim condensed consolidated statements of income and supplemental cash flow information related to operating leases is as follows:

	For the Six Months Ended May 31,
	2025 (Unaudited)		2026 (Unaudited)
	HK$		HK$		US$
Amortization charge of right-of-use assets		434,250		247,700		31,608
Interest of lease liabilities		9,744		8,140		1,039
Cash paid for operating leases		380,960		255,840		32,647

(c) The following table shows the remaining contractual maturities of the Group’s operating lease liabilities as of May 31, 2026:

	For the Six Months Ended May 31, 2026 (Unaudited)
	HK$			US$
2026		255,840			32,647
2027		170,560			21,764
Total future lease payments		426,400			54,411
Less: imputed interest		(7,625	)		(973	)
Present value of lease obligation		418,775			53,438

The weighted-average remaining lease terms were 0.8 and 1.3 years as of May 31, 2026 and November 30, 2025, respectively. The incremental borrowing rate used to determine the operating lease liability as of May 31, 2026 and November 30, 2025 were 3.500% and 3.125%, respectively.