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ACCRUED OFFICER COMPENSATION
6 Months Ended
Aug. 31, 2026
ACCRUED OFFICER COMPENSATION  
ACCRUED OFFICER COMPENSATION

NOTE 6 – ACCRUED OFFICER COMPENSATION

 

On December 15, 2015, the Company entered into an employment agreement with its CEO, Ms. Yan Li. The agreement was retroactively effective as of December 4, 2015, for a term of 36 months (measured from December 4, 2015). Pursuant to the agreement, Ms. Yan Li was entitled to an annual salary of $100,500 and 1,000 shares (100,000 shares prior to the reverse stock split) of the Company’s common stock. The granted compensation shares were fully issued by the fiscal year ended at February 28, 2019.

 

Due to the Company’s lack of active operations, no cash compensation was paid nor were any shares issued to Ms. Yan Li during the first quarter ended August 31, 2026. As of August 31, 2026, accrued officer compensation payable to the CEO remained unchanged at $535,500, representing obligations previously incurred by the fiscal year ended at February 28, 2019 that remain unsettled.