Company: NUVI
Filing Date: 2025-05-22
Form Type: 1-SA/A
Source: 0001410708-25-000003
Chunk: 23

Company: Emo Capital Corp.
Filing Date: 2025-05-22
Form: 1-SA/A
Chunk 23
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000,000 shares of common stock that were returned by Holife Trading Limited, Singapore. Holife Trading Limited had originally acquired 150,000,000 shares from Mr. Guo for a total consideration of $50,000. However, only $15,000 of the transaction was completed. As a result, 105,000,000 shares were returned and subsequently canceled with the consent of Mr. Guo.

NOTE 6 – LOAN PAYABLE

A series of loans were made from August 23, 2006 to October 31, 2015 totaling $13,425. A remaining balance of $8,354 is recorded as outstanding as of January 31, 2025, including an advance of $8,354 provided by Mr. Guo. These amounts are non-interest bearing, without a fixed repayment term, and are considered due on demand.

Disclaimer Regarding Aged Debt:

The series of loan totaling $13,425 originated prior to current management and is disclosed solely for historical and financial reporting purposes. The Company does not acknowledge the legal enforceability or current validity of this obligation and expressly reserves all rights under applicable law, including the right to assert that the debt is time-barred under the relevant statute of limitations.

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NOTE 7 – DEBT/ACCRUED LIABILITIES AND ACCOUNTS PAYABLE

Accrued liabilities and accounts payable totaling $46,990 were incurred by the Company during the period from August 23, 2006 through April 30, 2017. These amounts represent operating deficits funded by an unrelated third party. These liabilities are non-interest bearing, without a fixed repayment schedule, and are considered due on demand.

Disclaimer Regarding Aged Debt:

These obligations were incurred prior to the current management's appointment and are presented solely for transparency and historical accuracy. The Company does not admit liability or the legal enforceability of these obligations and specifically reserves all defenses, including the expiration of applicable statutes of limitations.

NOTE 8 – INCOME TAX

The Company provides for income taxes under (now included under Accounting Standards Codification (ASC 740), Accounting for Income Taxes. ASC 740 requires the use of an asset and liability approach in accounting for income taxes. Deferred tax assets and liabilities are recorded based on the differences between the financial statement and tax bases of assets and liabilities and the tax rated in effect when these differences are expected to reverse.

ASC 740 requires the reduction of deferred tax assets by a valuation allowance if, based on the