Company: STRG
Filing Date: 2025-04-29
Form Type: 10-K
Source: 0001640334-25-000716
Chunk: 38

Company: STARGUIDE GROUP, INC.
Filing Date: 2025-04-29
Form: 10-K
Item: Item 1
Chunk 38
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2022, advanced $2,900 and $10,300 to the Company to support operating cost. As of January 31, 2025 and January 31, 2024, the amount due to the majority shareholder of the Company was $158,060 and $157,905, respectively.

During the year ended January 31, 2025, the Company incurred net management salary of $24,000. During the year ended January 31, 2024, the Company incurred net management salary of $23,152 from February to January 2024 with gross amount of $19,152 offset by reversal of over-accrued amount of $4,000 during the year ended January 31, 2023. During the year ended January 31, 2024, director of Live Investments Holding Ltd. advanced $1,000 to the Company to support operating cost.  As of January 31, 2025 and January 31, 2024, the amount due to the director of Live Investments Holding Ltd. was $46,409 and $22,514, respectively.

As of January 31, 2025 and January 31, 2024, the total amount due to related parties was $204,469 and $180,419, respectively.

Review, Approval and Ratification of Related Party Transactions

Given our small size and limited financial resources, we have not adopted formal policies and procedures for the review, approval or ratification of transactions, such as those described above, with our executive officer(s), Director(s) and significant stockholders. We intend to establish formal policies and procedures in the future, once we have sufficient resources and have appointed additional Directors, so that such transactions will be subject to the review, approval or ratification of our Board of Directors, or an appropriate committee thereof. On a moving forward basis, our director will continue to approve any related party transaction.

Director Independence

Our Board of Directors is currently composed of a single member, Lu Mei Xian, who does not qualify as an independent director in accordance with the NASDAQ Listing Rule 5605(a)(2).

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES

The aggregate fees billed for the most recently completed fiscal year ended January 31, 2025 and for fiscal year ended January 31, 2024 for professional services rendered by the principal accountant for the audit of our annual financial statements and review of the financial statements included in our quarterly reports on