Company: STRG
Filing Date: 2025-04-29
Form Type: 10-K
Source: 0001640334-25-000716
Chunk: 270

Company: STARGUIDE GROUP, INC.
Filing Date: 2025-04-29
Form: 10-K
Item: Item 5
Chunk 270
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2,868,000 shares of common stock issued and outstanding as of April 23, 2025.

 18Table of Contents

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

Certain Relationships and Related Transactions

During the year ended January 31, 2025 and 2024, Northeast International Holdings Limited, majority shareholder of the Company upon the change of control on May 16, 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