| ACCOUNTS RECEIVABLE, NET |
| 3. | Accounts Receivable, net |
The accounts receivable, net, as of May 31, 2026 and November 30, 2025, consists of the following: | | | As of | | | | | November 30,
2025
(Audited) | | | May 31,
2026
(Unaudited) | | | May 31,
2026
(Unaudited) | | | | | HK$ | | | HK$ | | | US$ | | | Accounts receivable | | | 4,956,391 | | | | 9,161,086 | | | | 1,169,012 | | | Less: allowance for credit losses | | | (2,585,954 | ) | | | (3,085,954 | ) | | | (393,787 | ) | | Accounts receivable, net | | | 2,370,437 | | | | 6,075,132 | | | | 775,225 | | The movements in the allowance for credit losses are as follows: | | | As of | | | | | November 30,
2025
(Audited) | | | May 31,
2026
(Unaudited) | | | May 31,
2026
(Unaudited) | | | | | HK$ | | | HK$ | | | US$ | | | Balance at beginning of the year/period | | | 7,027,799 | | | | 2,585,954 | | | | 329,984 | | | Provision of expected credit losses | | | 1,200,187 | | | | 500,000 | | | | 63,803 | | | Write-off of accounts receivable | | | (5,642,032 | ) | | | - | | | | - | | | Balance at end of the year/period | | | 2,585,954 | | | | 3,085,954 | | | | 393,787 | |
|