UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the quarter ended ~~November~~February 3028, ~~2024~~2025

☐ TRANSITION REPORT PURSUANT TO SECTION 13 or 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from ____________to ____________

Commission File Number: 000-56425

CXJ GROUP CO., Limited

(Exact name of registrant as specified in its charter)

Nevada

85-2041913

(State or jurisdiction of

Classification Code Number)

(I.R.S. Employer incorporation

or organization)

Room 401, 4th Floor, East Block Building 5,

Xintiandi Business Center, No. 7 Anqiaogang Road,

Gongshu District, Hangzhou City,

Zhejiang Province, China 310017.

(Address of principal executive offices, including zip code)

(86) 18668175727

(Registrant’s phone number, including area code)

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days.

YES ☒ NO ☐

Indicate by check mark whether the registrant has submitted electronically and posted on its corporate Web site, if any, every Interactive Data File required to be submitted and posted pursuant to Rule 405 of Regulation S-T (section 232.405 of this chapter) during the preceding twelve months (or shorter period that the registrant was required to submit and post such files).

YES ☒ NO ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, or a smaller reporting company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” or an “emerging growth company” in Rule 12b-2 of the Exchange Act:

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

Indicate the number of shares outstanding of each of the issuer’s classes of common stock, as of the latest practicable date.

Class		Outstanding at ~~January~~March 728, 2025
Common Stock, $0.001 par value		102,270,517

CXJ GROUP CO LIMITED.

TABLE OF CONTENTS

		Page
PART I	FINANCIAL INFORMATION	3
ITEM 1.	Financial Statements:	3
	Condensed Consolidated Balance Sheets as of November 30, 2024 (unaudited) and May 31, 2024 (audited)	4
	Condensed Consolidated Balance Sheets as of February 28, 2025 (unaudited) and May 31, 2024 (audited)	4
	Condensed Consolidated Statements of Operations and Comprehensive (Loss)/Income for the Three Months and Six Months Ended November 30, 2024 and 2023 (unaudited)	5
	Condensed Consolidated Statements of Operations and Comprehensive (Loss)/Income for the Three Months and Nine Months Ended February 28, 2025 and February 29, 2024 (unaudited)	5
	Condensed Consolidated Statement of Changes in Stockholders’ Equity for the Three Months and Six Months Ended November 30, 2024 and 2023 (unaudited)	6
	Condensed Consolidated Statement of Changes in Stockholders’ Equity for the Three Months and Nine Months Ended February 28, 2025 and February 29, 2024 (unaudited)	6
	Condensed Consolidated Statements of Cash Flows for the Six Months Ended November 30, 2024 and 2023 (unaudited)	8
	Condensed Consolidated Statements of Cash Flows for the Nine Months Ended February 29, 2025 and February 28, 2024 (unaudited)	8
	Notes to Condensed Consolidated Financial Statements	9-28
ITEM 2.	Management’s Discussion and Analysis of Financial Condition and Results of Operations	29
ITEM 3.	Quantitative and Qualitative Disclosures About Market Risk	33
ITEM 4.	Controls and Procedures	33
PART II	OTHER INFORMATION	34
ITEM 1.	Legal Proceedings	34
ITEM 2.	Unregistered Sales of Equity Securities and Use of Proceeds	34
ITEM 3.	Defaults Upon Senior Securities	34
ITEM 4.	Mine Safety Disclosures	34
ITEM 5.	Other Information	34
ITEM 6.	Exhibits	34
Signatures		35

SPECIAL NOTE REGARDING FORWARD—LOOKING STATEMENTS

Statements made in this Form 10-Q that are not historical or current facts are “forward-looking statements” made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 (the “Act”) and Section 21E of the Securities Exchange Act of 1934. These statements often can be identified by the use of terms such as “may”, “will”, “expect”, “believe”, “anticipate”, “estimate”, “approximate” or “continue”, or the negative thereof. We intend that such forward-looking statements be subject to the safe harbors for such statements. We wish to caution readers not to place undue reliance on any such forward-looking statements, which speak only as of the date made. Any forward-looking statements represent management’s best judgment as to what may occur in the future. However, forward-looking statements are subject to risks, uncertainties and important factors beyond our control that could cause actual results and events to differ materially from historical results of operations and events and those presently anticipated or projected. We disclaim any obligation subsequently to revise any forward-looking statements to reflect events or circumstances after the date of such statement or to reflect the occurrence of anticipated or unanticipated events.

Financial information contained in this quarterly report and in our unaudited interim financial statements is stated in United States dollars and are prepared in accordance with United States generally accepted accounting principles.

PART I - FINANCIAL INFORMATION

ITEM 1. Financial Statements

The accompanying interim financial statements of CXJ GROUP CO., Limited (“the Company”, “we”, “us” or “our”), have been prepared without audit pursuant to the rules and regulations of the Securities and Exchange Commission. Certain information and footnote disclosures normally included in financial statements prepared in accordance with United States generally accepted principles have been condensed or omitted pursuant to such rules and regulations.

The interim financial statements are unaudited and condensed and should be read in conjunction with the Company’s latest annual financial statements.

In the opinion of management, the financial statements contain all material adjustments, consisting only of normal adjustments considered necessary to present fairly the financial condition, results of operations, and cash flows of the Company for the interim periods presented.

CXJ GROUP CO., LIMITED

CONDENSED CONSOLIDATED BALANCE SHEETS

AS OF ~~NOVEMBER 30~~FEBRUARY 29, ~~2024~~2025 and May 31, 2024

(Currency Expressed In United States Dollars (“US$”), Except For Number Of Shares)

	November 30, 2024			May 31, 2024
	February 28, 2025			May 31, 2024
	Unaudited			Audited
	$			$
ASSETS
CURRENT ASSETS
Cash and cash equivalents		~~352~~2,364			2,521
Accounts receivables		5857,~~077~~751			59,286
Prepayments		~~327~~316,~~069~~197			325,931
Deposits and other receivables		2425,~~770~~286			27,008
Amount due from related parties		81,~~903~~455			59,969
Inventories		6862,~~739~~287			60,587
Total Current Assets		~~560~~545,~~910~~340			535,302
NON-CURRENT ASSETS
Property and equipment, net		3,~~846~~294			4,948
Intangible assets, net		-			-
Goodwill		1,742,577			1,742,577
Operating lease right-of-use assets		4631,~~264~~492			72,178
Total Non-current Assets		1,~~792~~777,~~687~~363			1,819,703
TOTAL ASSETS		2,~~353~~322,~~597~~703			2,355,005
LIABILITIES AND STOCKHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payables		~~100~~99,~~307~~756			78,545
Advanced received		~~677~~679,~~520~~485			607,617
Accrued expenses, deposit received and other payables		~~638~~681,~~785~~198			938,098
Amount due to a related party		330,892			284,222
Amount due to a director		9,~~530~~478			9,530
Amount due to a related party and directors		9,~~530~~478			9,530
Operating lease liabilities, net of current portion		4632,~~501~~123			61,640
Total Current Liabilities		1,~~803~~832,~~535~~932			1,979,652
NON-CURRENT LIABILITIES
Operating lease liabilities, non-current portion		-			10,809
TOTAL LIABILITIES		1,~~803~~832,~~535~~932			1,990,461
STOCKHOLDERS’ EQUITY
Common stock, $0.001 par value, 490,000,000 and 490,000,000 shares authorized, 102,270,517 and 101,710,517 shares issued and outstanding as of November 30, 2024 and May 31, 2024 respectively		102,271			101,711
Common stock, $0.001 par value, 490,000,000 and 490,000,000 shares authorized, 102,270,517 and 101,710,517 shares issued and outstanding as of February 28, 2025 and May 31, 2024 respectively		102,271			101,711
Additional paid-in capital		5,958,556			5,589,388
Accumulated other comprehensive income		3742,~~975~~322			36,925
Accumulated deficit		(5,~~548~~613,~~740~~378	)		(5,363,480	)
Total CXJ Group Stockholders’ Equity		~~550~~489,~~062~~771			364,544
Non-controlling interest		-			-
TOTAL STOCKHOLDERS’ EQUITY		~~550~~489,~~062~~771			364,544
TOTAL LIABILITIES AND STOCKHOLDERS’ EQUITY		2,~~353~~322,~~597~~703			2,355,005

CXJ GROUP CO., LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS AND

COMPREHENSIVE (LOSS)/INCOME

FOR THE THREE MONTHS AND ~~SIX~~NINE MONTHS ENDED ~~NOVEMBER 30~~FEBRUARY 28, ~~2024~~2025

and FEBRUARY ~~2023~~29, 2024

(Currency Expressed In United States Dollars (“US$”), Except For Number Of Shares)

	2024			2023			2024			2023
	February 28, 2025			February 29, 2024			February 28, 2025			February 29, 2024
	For The Three Months Ended November 30,						For The Six Months Ended November 30,
	For The Three Months Ended						For The Nine Months Ended
	2024			2023			2024			2023
	February 28, 2025			February 29, 2024			February 28, 2025			February 29, 2024
	Unaudited			Unaudited			Unaudited			Unaudited
	$			$			$			$
REVENUE		~~100~~64,~~875~~541			~~866~~390,~~366~~268			~~215~~279,~~257~~798			1,~~370~~761,~~883~~151
COST OF REVENUE		(352,~~433~~443	)		(~~335~~63,~~973~~528	)		(5457,~~806~~249	)		(~~559~~623,~~903~~431	)
GROSS PROFIT		6562,~~442~~098			~~530~~326,~~393~~740			~~160~~222,~~451~~549			~~810~~1,~~980~~137,720
OTHER INCOME/(EXPENSES)		7311			~~5,751~~48			(9281	)		10,~~333~~381
SELLING AND DISTRIBUTION EXPENSES		(4846,~~624~~766	)		(~~183~~79,~~389~~920	)		(~~104~~151,~~753~~519	)		(~~339~~419,~~952~~872	)
GENERAL AND ADMINISTRATIVE EXPENSES		(~~123~~79,~~570~~983	)		(~~149~~132,~~720~~964	)		(~~206~~286,~~117~~100	)		(~~784~~917,~~650~~614	)
(LOSS)/PROFIT FROM OPERATIONS		(~~106~~64,~~679~~640	)		~~203~~113,~~035~~904			(~~150~~215,~~511~~151	)		(~~303~~189,~~289~~385	)
INTEREST INCOME		32			~~181~~64			57			~~296~~360
(LOSS)/PROFIT BEFORE INCOME TAX		(~~106~~64,~~676~~638	)		~~203~~113,~~216~~968			(~~150~~215,~~506~~144	)		(~~302~~189,~~993~~025	)
INCOME TAXES EXPENSE		~~(37,017~~-	)		-(5,227	)		(34,754	)		-(5,227	)
(LOSS)/PROFIT AFTER TAXATION		(~~143~~64,~~693~~638	)		~~203~~108,~~216~~741			(~~185~~249,~~260~~898	)		(~~302~~194,~~993~~252	)
Less: Non-controlling Interest		-			-			-			(3,265	)
(LOSS)/PROFIT ATTRIBUTABLE TO SHAREHOLDERS		(~~143~~64,~~693~~638	)		~~203~~108,~~216~~741			(~~185~~249,~~260~~898	)		(~~299~~190,~~728~~987	)
Other comprehensive income/(loss):
- Foreign exchange adjustment gain/(loss)		164,~~496~~347			~~(32,385~~161	)		15,~~050~~397			5,~~316~~477
COMPREHENSIVE (LOSS)/INCOME		(~~127~~60,~~197~~291	)		~~170~~108,~~831~~902			(~~184~~244,~~210~~501	)		(~~294~~185,~~412~~510	)
Net (loss)/income per share - Basic and diluted		(0.00	)		0.00			(0.00	)		(0.00	)
Net (loss)/profit per share - Basic and diluted		(0.00	)		0.00			(0.00	)		(0.00	)
Weighted average number of common shares outstanding – Basic and diluted		101,~~849~~987,~~585~~668			101,~~700~~710,~~747~~517			101,~~849~~987,~~585~~668			101,~~700~~710,~~747~~517

CXJ GROUP CO., LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE THREE MONTHS AND ~~SIX~~NINE MONTHS ENDED ~~NOVEMBER 30~~FEBRUARY 28, ~~2024~~ 2025

(Currency Expressed In United States Dollars (“US$”), Except For Number Of Shares)

(Unaudited)

For The Three Months Ended ~~November~~February 3028, ~~2024~~2025

	Number of Shares		Amount		Paid-In Capital		Comprehensive Income		Accumulated Deficit				Controlling Interest			Stockholders’ Equity
	Shares		Amount		Capital		Income		Deficit				Equity
	Common Stock				Additional		Accumulated Other						~~Non-~~Total			~~Total~~
	Number of Shares		Amount		Paid-In Capital		Comprehensive Income		Accumulated Deficit				Controlling Interest			Stockholders’ Equity
	Number of				Paid-In		Comprehensive		Accumulated				Stockholders’
			$		$		$		$				$			$
	Shares		Amount		Capital		Income		Deficit				Equity
Balance as of August 31, 2024		101,710,517		101,711		5,589,388		21,479		(5,405,047	)			-			307,531
			$		$		$		$				$
Common Stock Issued		560,000		560		369,168		-		-				-			369,728
Balance as of November 30, 2024		102,270,517		102,271		5,958,556		37,975		(5,548,740	)	-		550,062
Accumulated Other Comprehensive Income		-		-		-		164,~~496~~347		-				-4,347			~~16,496~~
Net Loss		-		-		-		-		(~~143~~64,~~693~~638	)	-		-(64,638	)		~~(143,693~~	)
Balance as of November 30, 2024		102,270,517		102,271		5,958,556		37,975		(5,548,740	)			-			550,062
Balance as of February 28, 2025		102,270,517		102,271		5,958,556		42,322		(5,613,378	)	-		489,771

For The ~~Six~~Nine Months Ended ~~November~~February 3028, ~~2024~~2025

	Common Stock				Additional		Accumulated Other						Non-			Total
	Shares		Amount		Capital		Income		Deficit				Equity
	Number of Shares		Amount		Paid-In Capital		Comprehensive Income		Accumulated Deficit				Controlling Interest			Stockholders’ Equity
	Common Stock				Additional		Accumulated Other						Total
			$		$		$		$				$			$
	Number of				Paid-In		Comprehensive		Accumulated				Stockholders’
Balance as of May 31, 2024		101,710,517		101,711		5,589,388		36,925		(5,363,480	)			-			364,544
	Shares		Amount		Capital		Income		Deficit				Equity
Common Stock Issued		560,000		560		369,168		-		-				-			369,728
			$		$		$		$				$
Accumulated Other Comprehensive Income		-		-		-		1,050		-				-			1,050
Balance as of May 31, 2024		101,710,517		101,711		5,589,388		36,925		(5,363,480	)	-		364,544
Net Loss		-		-		-		-		(185,260	)			-			(185,260	)
Common Stock Issued		560,000		560		369,168		-		-				369,728
Balance as of November 30, 2024		102,270,517		102,271		5,958,556		37,975		(5,548,740	)			-			550,062
Accumulated Other Comprehensive Income		-		-		-		5,397		-				5,397
Net Loss		-		-		-		-		(249,898	)	-		(249,898	)
Balance as of February 28, 2025		102,270,517		102,271		5,958,556		42,322		(5,613,378	)	-		489,771

CXJ GROUP CO., LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ EQUITY

FOR THE THREE MONTHS AND ~~SIX~~NINE MONTHS ENDED ~~NOVEMBER 30~~FEBRUARY 29, ~~2023~~2024

(Currency Expressed In United States Dollars (“US$”), Except For Number Of Shares)

(Unaudited)

For The Three Months Ended ~~November~~February 3029, ~~2023~~ 2024

	Shares		Amount		Capital		Income			Deficit			Interest		Equity
	Common Stock				Additional		Accumulated Other						Non-		Total
	Number of Shares		Amount		Paid-In Capital		Comprehensive Income			Accumulated Deficit			Controlling Interest		Stockholders’ Equity
	Number of				Paid-In		Comprehensive			Accumulated			Controlling		Stockholders’
	Shares		Amount		Capital		Income			Deficit			Interest		Equity
			$		$		$			$			$		$
Balance as of August 31, 2023		101,710,517		101,711		5,558,261		67,806			(3,755,979	)		-		1,971,799
Accumulated Other Comprehensive Loss		-		-		31,127		(32,385	)		-			-		(1,258	)
Net Profit		-		-		-		-			203,216			-		203,216
Non-controlling Interest		-		-		-		-			-			-		-
Balance as of November 30, 2023		101,710,517		101,711		5,589,388		35,421			(3,552,763	)		-		2,173,757
Accumulated Other Comprehensive Loss		-		-		30,485		161			-			-		30,646
Net Profit		-		-		-		-			108,741			-		108,741
Balance as of February 29, 2024		101,710,517		101,711		5,619,873		35,582			(3,444,022	)		-		2,313,144

For The ~~Six~~Nine Months Ended ~~November~~February 3029, ~~2023~~2024

	Shares		Amount		Capital		Income			Deficit			Interest			Equity
	Common Stock				Additional		Accumulated Other						Non-			Total
	Number of Shares		Amount		Paid-In Capital		Comprehensive Income			Accumulated Deficit			Controlling Interest			Stockholders’ Equity
	Number of				Paid-In		Comprehensive			Accumulated			Controlling			Stockholders’
	Shares		Amount		Capital		Income			Deficit			Interest			Equity
			$		$		$			$			$			$
Balance as of May 31, 2023		101,710,517		101,711		5,585,421		30,105			(3,227,806	)		27,505			2,516,936
Balance		101,710,517		101,711		5,585,421		30,105			(3,227,806	)		27,505			2,516,936
Disposal Of Subsidiary		-		-		-		~~6,081~~-			(25,229	)		(24,240	)		(4349,~~388~~469	)
Accumulated Other Comprehensive Income		-		-		334,~~967~~452		~~(765~~5,477	)		-			-			339,~~202~~929
Net Loss		-		-		-		-			(~~299~~190,~~728~~987	)		-			(~~299~~190,~~728~~987	)
Net profit (loss)		-		-		-		-			(~~299~~190,~~728~~987	)		-			(~~299~~190,~~728~~987	)
Non-controlling Interest		-		-		-		-			-			(3,265	)		(3,265	)
Balance as of November 30, 2023		101,710,517		101,711		5,589,388		35,421			(3,552,763	)		-			2,173,757
Balance as of February 29, 2024		101,710,517		101,711		5,619,873		35,582			(3,444,022	)		-			2,313,144
Balance		101,710,517		101,711		5,~~589~~619,~~388~~873		35,~~421~~582			(3,~~552~~444,~~763~~022	)		-			2,~~173~~313,~~757~~144

CXJ GROUP CO., LIMITED

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS

FOR THE ~~SIX~~NINE MONTHS ENDED ~~NOVEMBER~~FEBRUARY 3028, ~~2024~~2025 ~~and~~AND FEBRUARY ~~2023~~29, 2024

(Currency Expressed In United States Dollars (“US$”), Except For Number Of Shares)

(Unaudited)

	2024			2023
	February 28, 2025			February 29, 2024
	For The Six Months Ended November 30,
`	For The Nine Months Ended
	2024			2023
	February 28, 2025			February 29, 2024
	$			$
CASH FLOWS FROM OPERATING ACTIVITIES:
Net Loss		(~~185~~249,~~260~~898	)		(~~302~~194,~~993~~252	)
Adjustments to reconcile net loss to net cash used in operating activities
Depreciation of property and equipment		1,112			1,066
Depreciation		1,643			1,674
Amortization of right-of-use assets		3856,~~667~~829			3049,~~183~~992
Amortization of intangible assets		-			68104,~~871~~895
Impairment of intangible assets		13,~~597~~180			-
Income tax refund		3,475			-
Changes in operating assets and liabilities:
Accounts receivables		1,209			(1,395	)
Prepayments, deposits and other receivables		110,~~098~~885			~~170~~179,~~438~~091
Inventories		(82,~~152~~033	)		~~(20~~18,~~115~~458	)
Accounts payable		21,~~762~~642			(~~116~~201,~~594~~372	)
Advanced received		69,903			(369,169	)
Advance received		75,206			(722,889	)
Accrued liabilities, deposit received and other payables		(299,313	)		28,765
Accrued liabilities and other payable		(258,755	)		238,187
Operating lease expenses		(4059,~~287~~167	)		(3152,~~907~~970	)
Net cash used in operating activities		(397,664	)		(542,850	)
Advances to related parties		24,856			(60,720	)
Advances to directors		-			3,538
Net cash used in operating activities		(370,928	)		(637,763	)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment		-			(2,~~280~~315	)
Purchase of intangible assets		(13,~~592~~175	)		-
Disposal of subsidiary, net of cash disposed		-			(2,804	)
Net cash used in investing activities		(13,~~592~~175	)		(5,~~084~~119	)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from share issuance		369,728			-
Advances from/(to) related parties		24,735			(99,749	)
Net cash provided by financing activities		369,728			-
Advances to directors		-			66,996
Effect of exchange rate changes on cash and cash equivalents		4,218			1,519
Net cash provided by/(used in) financing activities		394,463			(32,753	)
Net change in cash and cash equivalents		(157	)		(641,363	)
Effect of exchange rate changes on cash and cash equivalents		2,624			(10,629	)
Net change in cash and cash equivalents		(2,169	)		(591,316	)
Cash and cash equivalents, beginning of year		2,521			659,451
CASH AND CASH EQUIVALENTS, END OF PERIOD		~~352~~2,364			6818,~~135~~088

CXJ GROUP CO., LIMITED

NOTES TO CONDENSED CONSOLIDATED STATEMENTS

FOR THE ~~SIX~~NINE MONTHS ENDED ~~NOVEMBER~~FEBRUARY 3028, ~~2024~~2025 and year ended may 31, 2024

EXPRESS IN UNITED STATES DOLLARS

(Unaudited)

Note 1. Company Overview

CXJ Group Co., Limited (“we”, “us”, the “the Company” or “ECXJ”) was originally incorporated in State of Nevada on August 20, 1998 under the name Global II, Inc and underwent several name changes prior to its current name. Until August 2019, the Company was known as Global Entertainment Corp., which was a dormant company.

On March 04, 2019, the eight judicial District Court of Nevada appointed Custodian Ventures, LLC as custodian for the Company, proper notice having been given to the officers and directors of Global Entertainment Corporation. There was no opposition.

On June 18, 2019, control of the Company was transferred by the entity controlled by Custodian Ventures, LLC to Xinrui Wang, our director, by selling him 10,000,000 shares of Series A Preferred stock and 17,700,000 shares of common stock for a purchase price of $175,000.

On June 21, 2019, Lixin Cai was appointed act as the new President, CEO, Secretary and Chairman of the Board of Directors of the Company. On June 21, 2019, Cuiyao Luo was appointed act as the new CFO, Treasurer and Member of the Board of Directors of the Company. On September 30, 2019, the Company appointed three more members to the Board of Directors of the Company, and they are Xinrui Wang, Wenbin Mao and Baiwan Niu.

Effective July 9, 2019 we changed our name from Global Entertainment Corp to CXJ Group Co., Limited. On July 12, 2019, the Company effectuated a 1 for 200 reverse stock split, while the authorized shares of common stock and preferred shares totally had been increased to 500,000,000. As a result of the foregoing we changed our trading symbol from GNTP and began trading as ECXJ on August 5, 2019.

On October 4, 2019, Xinrui Wang (the “Seller”), entered into a Stock Purchase Agreement to pursuant to which the Seller agreed to sell to Wenbin Mao and Baiwan Niu (the “Purchasers”), totaling 1,500,000 preferred stock of the Company (“Shares”) owned by the Seller, for an amount of $1,500. On October 8, 2019, Xinrui Wang, Wenbin Mao and Baiwan Niu effectuated a 1 for 10 conversion to convert all their preferred stock totaling 10,000,000 to 100,000,000 common shares. As a result of the conversion, there was no preferred stock outstanding of the Company as of October 8, 2019.

On May 28, 2020, we consummated the transactions contemplated by the Share Exchange Agreement among the Company, CXJ Investment Group Company Limited, a British Virgin Islands Corporation (“CXJ”) and the shareholder of CXJ, pursuant to which we acquired all the ordinary shares of CXJ in exchange for the issuance to the shareholder of CXJ of an aggregate of 1,364,800 shares of the Company. The shareholder is the selling security holder in this prospectus and are all affiliates. As a result of the transactions contemplated by the Share Exchange, CXJ became a wholly-owned subsidiary of the Company.

Effective May 13, 2022, we have appointed Messrs. Tianbing Yang and Rudong Shi as members of our Board of Directors.

On June 14, 2022, the Company completed the issuance and sales of an aggregate of 223,500 shares at a price of $0.66 per shares with each share consisting of one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”) in a private placement to Minggang Qian (the “Purchaser”), pursuant to the Subscription Agreement dated as of June 9, 2022 between the Company and the Purchaser. The net proceeds to the Company amounted to $147,510. The $147,510 in proceeds went directly to the Company as working capital.

On July 15, 2022, Mr. Wenbin Mao, Mr. Baiwan Niu, Mr. Tianbing Yang and Ms. Cuiyao Luo tendered their resignation for personal reasons and resigned as members of the Board of the Company effective from 28 July, 2022. The Board accepted the resignation of Mr. Wenbin Mao, Mr. Baiwan Niu, Mr. Tianbing Yang and Ms. Cuiyao Luo, and expressed sincere gratitude for their service term as a member of the Board.

On August 1, 2023, CXJ Technology (Hangzhou) Co., Ltd, a Chinese corporation and a subsidiary of the Company signed an equity transfer agreement (the “Agreement”) with Mr. Qing Wang. Under this agreement, the Company will dispose 51% equity of Xishijie Automobile Industry Ecology Technology Co., Ltd (formerly known as Shenzhen Lanbei Ecological Technology Co., Ltd), a Chinese company (“Xishijie”) with a purchase price of RMB 1 yuan. After this Agreement comes into force, Xishijie Automobile Industry Ecology Technology Co., Ltd will no longer the subsidiary of CXJ Group Co., Ltd.

On August 14, 2023, the Board approved the appointment of Zhen Hui Certified Public Accountant (“Zhen Hui”) as the Company’s new independent registered public accounting firm for the fiscal year ending May 31, 2022 and May 31, 2023 effective immediately.

On May 3, 2024, the Board approved the resignation of Zhen Hui as the Company’s independent registered public accounting firm with immediate effective.

On May 3, 2024, the Board approved the appointment of J & S Associate PLT (“J & S”) as the Company’s new independent registered public accounting firm for the fiscal year ending May 31, 2024 effective immediately.

On September 1, 2024, the Company entered the Subscription Agreement with Zhongxin Lei (the “Purchaser”) to issue and sales of an aggregate of 160,000 shares at a price of $0.657 per shares with each share consisting of one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”). The net proceeds to the Company amounted to $105,128 and went directly to the Company as working capital. The share price is based on the selling price as of June 9, 2022. After issuance of new shares, the Purchaser owing 0.18% equity of Company.

On September 1, 2024, the Company entered the Subscription Agreement with Shiguo Wang (the “Purchaser”) to issue and sales of an aggregate of 200,000 shares at a price of $0.675 per shares with each share consisting of one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”). The net proceeds to the Company amounted to $135,000 and went directly to the Company as working capital. The share price is based on the selling price as of June 9, 2022. After issuance of new shares, the Purchaser owing 0.22% equity of Company.

On September 2, 2024, the Company entered the Subscription Agreement with Shiguo Wang (the “Purchaser”) to issue and sales of an aggregate of 200,000 shares at a price of $0.648 per shares with each share consisting of one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”). The net proceeds to the Company amounted to $129,600 and went directly to the Company as working capital. The share price is based on the selling price as of June 9, 2022. After issuance of new shares, the Purchaser owing 0.42% equity of Company.

ECXJ, through its wholly owned subsidiary, CXJ and its subsidiaries and the VIE own and operate an active automobiles products trading and services business in the People’s Republic of China.

Note 2. Summary of Significant Accounting Policies

(a) Basis of presentation and liquidation

The condensed consolidated balance Sheets as of ~~November 30~~February 28, ~~2024~~2025 and May 31, 2024 and the condensed consolidated statements of operations and comprehensive (loss)/income , shareholders’ equity, and cash flow for the ~~six~~Nine months ended ~~November~~February 3028, ~~2024~~2025 and ~~2023~~ February 29, 2024 have been prepared by the Company is in conformity with generally accepted accounting principles in the United States (“US GAAP”).

The Company incurred net loss of $~~143~~64,~~693~~638 and net profit of $~~203~~108,~~216~~741 during the three months ended ~~November~~February 3028, ~~2024~~2025 and ~~2023~~February 29, 2024, respectively. As of ~~November~~February 3028, ~~2024~~2025 and May 31, 2024, the Company had an accumulated deficit of $5,~~548~~613,~~740~~378 and $5,363,480, respectively. The Company’s net cash used in operations was $~~397~~370,~~664~~928 for the ~~six~~nine months ended ~~November~~February 3028, ~~2024~~2025.

As of ~~November~~February 3028, ~~2024~~2025 and May 31, 2024, the Company had cash and cash equivalents of $~~352~~2,364 and $2,521, and current liabilities of $1,~~803~~832,~~535~~ 932 and $1,979,652 respectively. The Company’s China subsidiaries and VIE are subject to preapproval from the State Administration of Foreign Exchange (“SAFE”) for non-domestic financing. Additionally, the amount of cash available for transfer from the China subsidiaries and the VIE for use by the Company’s non-China subsidiaries is also limited both by the liquidity needs of the subsidiaries in China and the restriction on foreign currency exchange by Chinese-government mandated limitations including currency exchange controls on certain transfers of funds outside of China.

(b) Going Concern Uncertainties

The accompanying unaudited condensed consolidated financial statements have been prepared in conformity with U.S. GAAP which contemplates continuation of the Company as a going-concern basis. The going-concern basis assumes that assets are realized, and liabilities are settled in the ordinary course of business at amounts disclosed in the unaudited condensed consolidated financial statements. The Company’s ability to continue as a going concern depends upon its ability to market and sell its products to generate positive operating cash flows. The Company has an accumulated deficit of $5,~~548~~613,~~740~~378 and $5,363,480 as of ~~November~~February 3028, ~~2024~~2025 and May 31, 2024 respectively. During the period three months ended ~~November~~February 3028, ~~2024~~ 2025 and ~~2023~~February 29, 2024, the Company generated a net loss $~~143~~64,~~693~~638 and net profit $~~203~~108,~~216~~741 respectively. Furthermore, the Company recorded a net cash outflow of $~~397~~370,~~664~~928 and $~~542~~637,~~850~~763 from operating activities as of ~~November~~February 3029, ~~2024~~2025 and ~~2023~~ February 29, 2024 respectively.

The Company’s cash position is not significant to support the Company’s daily operation. While the Company believes in the viability of its business strategy plans such as Flash Lion e-commerce sales model, Cloud chain (including Wechat, REDnote and Tik Tok’s short videos e-commerce sales model), and its ability to raise additional funds, there can be no assurance to that effect.

The Company’s ability to continue as a going concern is dependent upon its ability to improve profitability and increase of market share, our business plan is to extend our market share through acquiring quality businesses in the automotive aftermarket industries, in order to increase our customer base and supply channels, as well as to acquire more skilled employees and business connections in the industries. We plan to further develop our online and offline marketing platform and internal enterprise resource planning system (ERP) by engaging an external IT company during 2025.

We plan to diversify our existing product portfolio strategically, and thereby provide our customers with a wider range of choices and broaden our existing customer base.

In addition, major shareholder agrees to provide financial support to the Company. However, management cannot provide any assurances that the Company will be successful in accomplishing any of its plans. The accompanying unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

The accompanying unaudited condensed consolidated financial statements include the financial statements of the Company, its subsidiaries and the VIE. All significant inter-company transactions and balances between the Company, its subsidiaries and the VIE have been eliminated upon consolidation.

To comply with PRC laws and regulations, the Company provides trading of motor oil, auto parts, exhaust gas cleaners and brand name management services in China via its VIE, which hold critical operating licenses that enable the Company to do business in China. Substantially all of the Company’s revenues, costs and net income (loss) in China are directly or indirectly generated through this VIE. The Company has signed various agreements with its VIE and legal shareholders of the VIE to allow the transfer of economic benefits from the VIE to the Company and to direct the activities of the VIE.

The Company believes that the contractual arrangements among its subsidiaries, the VIE and its shareholders are in compliance with the current PRC laws and legally enforceable. However, uncertainties in the interpretation and enforcement of the PRC laws, regulations and policies could limit the Company’s ability to enforce these contractual arrangements. As a result, the Company may be unable to consolidate the VIE and its subsidiary in the unaudited condensed consolidated financial statements. The Company’s ability to control its VIE also depends on the authorization by the shareholders of the VIE to exercise voting rights on all matters requiring shareholders’ approval in the VIE. The Company believes that the agreements on authorization to exercise shareholder’s voting power are legally enforceable. In addition, if the legal structure and contractual arrangements with its VIE were found to be in violation of any future PRC laws and regulations, the Company may be subject to fines or other actions. The Company believes the possibility that it will no longer be able to control and consolidate its VIE as a result of the aforementioned risks and uncertainties is remote.

The following table sets forth its subsidiaries and the VIE, including their country of incorporation or residence and our ownership interest in such subsidiaries. Please see “Note 4 VIE Structure and Arrangements”.

Schedule of Ownership Interest in Subsidiaries

Entity Name	Date of Incorporation	Parent Entity	Interest %	Nature of Operation	Place of Incorporation
CXJ Investment Group Company Ltd (BVI CXJ)	2020/2/19	US CXJ	100%	Investment holding	British Virgin Islands
CXJ (HK) Technology Group Company Ltd (HK CXJ)	2020/3/11	BVI CXJ	100%	Investment holding	Hong Kong, PRC
CXJ (Shenzhen) Technology Co., Ltd (SZ CXJ)	2020/5/26	HK CXJ	100%	Investment holding	PRC
VIE:
CXJ Technology (Hangzhou) Co., Ltd (HZ CXJ)	2019/3/28	SZ CXJ	100%	Trading, brand name management fee and consultancy services	PRC
Qingdao Hong Run Kuo Ye Network Technology Co., Ltd (QD CXJ)	2019/8/19	HZ CXJ	100%	Trading and consultancy services	PRC
Xishijie Automobile Industry Ecology Technology Co., Ltd (formerly known as Shenzhen Lanbei Ecological Technology Co., Ltd) (SZ Lanbei)	2020/10/28	HZ CXJ	51%	Trading and consultancy services	PRC
Longkou Xianganfu Trading Co., Ltd. (Longkou CXJ)	2018/4/23	SZ CXJ	100%	Trading and consultancy services	PRC

The Company disposed 51% equity interest of Xishijie Automobile Industry Ecology Technology Co., Ltd (formerly known as Shenzhen Lanbei Ecological Technology Co., Ltd) on August 1, 2023 to third party with consideration RMB1.

(d) Use of Estimates

The preparation of unaudited condensed consolidated financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed financial statements. The estimates and judgments will also affect the reported amounts for certain revenues and expenses during the reporting period. Certain significant accounting policies that contain subjective management estimates and assumptions include those related to going concern, current expected credit loss, allowance of deferred tax asset, useful lives and impairment of long-lived assets, valuation of intangible assets acquired and impairment of goodwill. Actual results may materially differ from these estimates.

(e) Foreign Currency

The Company translates its foreign operations to the U.S. dollar in accordance with ASC 830, “Foreign Currency Matters”.

The reporting currency for the Company and its subsidiaries is the U.S. dollar. The Company, BVI CXJ and HK CXJ’s functional currency is the U.S. dollar; SZ CXJ and their VIEs and subsidiary which are incorporated in PRC use the Chinese Renminbi (“RMB”) as their functional currency.

The Company’s subsidiaries, whose records are not maintained in that company’s functional currency, re-measure their records into their functional currency as follows:

	●	Monetary assets and liabilities at exchange rates in effect at the end of each period
	●	Nonmonetary assets and liabilities at historical rates
	●	Revenue and expense items at the average rate of exchange prevailing during the period

Gains and losses from these re-measurements were not significant and have been included in the Company’s results of operations.

The Company’s subsidiaries, whose functional currency is not the U.S. dollar, translate their records into the U.S. dollar as follows:

	●	Assets and liabilities at the rate of exchange in effect at the balance sheet date
	●	Equities at the historical rate
	●	Revenue and expense items at the average rate of exchange prevailing during the period

Adjustments arising from such translations are included in accumulated other comprehensive income in shareholders’ equity.

Translation of amounts from RMB into US$1 has been made at the following exchange rates for the respective periods:

Schedule of Exchange Rates

	2024		2023
	February 28, 2025		February 29, 2024
	As of and for the six months ended November 30,
	As of and for the Nine months ended
	2024		2023
	February 28, 2025		February 29, 2024
Period-end RMB: US$1 exchange rate		7.2428		7.2419
Period-average RMB: US$1 exchange rate		7.1228		7.2115
Exchange rate		7.1228		7.2115

The RMB is not freely convertible into foreign currency and all foreign exchange transactions must take place through authorized institutions. No representation is made that the RMB amounts could have been, or could be, converted into US dollars at the rates used in translation.

(f) Cash and Cash Equivalents

Cash and cash equivalents consist of cash on hand, demand deposits placed with banks or other financial institutions and have original maturities of less than three months. The Company’s primary bank deposits are located in the USA and the PRC.

(g) Accounts Receivable and Allowance for Doubtful Accounts

Accounts receivable is presented net of allowance for doubtful accounts. Our accounts receivable consists mainly of trade receivables derived from selling of motor oil and auto parts with contractual payment terms. The provision for doubtful accounts reflects the current estimate of credit losses expected to be incurred over the life of the financial asset, based on historical experience, current conditions and reasonable forecasts of future economic conditions.

Further, we evaluate the collectability of our accounts receivable and if there is doubt that we will collect the full amount, we will record a reserve specific to that customer’s receivable balance. There was no provision for doubtful accounts for the period ended ~~November 30~~February 28, ~~2024~~2025.

(h) Inventories, Net

Inventories consisting of finished goods are stated at the lower of cost or market value. The Company used the weighted average cost method of accounting for inventory. Inventories on hand are evaluated on an on-going basis to determine if any items are obsolete, spoiled, or in excess of future demand. The Company provides impairment that is charged directly to cost of sales when is has been determined the product is obsolete, spoiled, and the Company will not be able to sell it at a normal profit above its carrying cost. The Company’s primary products are motor oil and auto parts.

i) Property and equipment

Property and equipment are stated at cost, less depreciation, amortization and impairments. Depreciation and amortization of property and equipment are provided using the straight-line method. The estimated useful lives for computer equipment, computer software, engineering and test equipment and furniture and fixtures are generally three 3 to five years. Leasehold improvements are amortized over the lesser of their estimated useful lives or their respective lease terms, which are generally five 5 to ten years. Buildings are being depreciated over twenty-five years. 25. Expenditures for major improvements and betterments are capitalized, while minor repairs and maintenance are charged to expense as as incurred. Upon the retirement or disposition of property and equipment, the related cost and accumulated depreciation or ~~amortization~~ amortization are removed, and a gain or loss is recorded.

(j) Prepayments

Prepayments are mainly consisted of prepaid income tax, rental, prepayments for consulting fee and advances to suppliers.

(k) Intangible Assets

The intangible assets consist of costs occurred to develop the software and purchased patents for business operations. We evaluate intangible assets for impairment when factors indicate that the carrying value of an asset may not be recoverable. When factors indicate that such assets should be evaluated for possible impairment, we review whether we will be able to realize our intangible assets by analyzing the projected undiscounted cash flows in measuring whether the asset is recoverable.

If an asset is considered impaired, a loss is recognized based on the amount by which the carrying amount exceeds the fair market value of the asset. Assets to be disposed of are reported at the lower of the carrying amount or fair value less costs to sell.

The Company recognized an impairment loss on intangible assets amounted to $13,~~597~~180 and $0 during the period ended ~~November~~February 3028, ~~2024~~2025 and ~~2023~~ February 29, 2024 respectively.

(l) Impairment of Long-lived Assets Other Than Goodwill

The Company reviews its long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of assets may not be recoverable. Impairment may be the result of becoming obsolete from a change in the industry or new technologies. Impairment is present if the carrying amount of an asset is less than its undiscounted cash flows to be generated.

(m) Goodwill

Goodwill represents the excess of the purchase price over the fair value of the net identifiable assets acquired in a business combination. In accordance with FASB ASC Topic 350, “Intangibles-Goodwill and Others”, goodwill is subject to at least an annual assessment for impairment, or if an event or other circumstance indicates that it may not recover the carrying value of the asset. If a qualitative assessment indicates that it is more likely than not that the carrying value of a reporting unit goodwill exceeds its fair value, a quantitative ~~impairment~~ impairment test is performed. If the carrying amount of the reporting unit exceeds the fair value of the reporting unit, an impairment charge is recorded for the amount by which the carrying amount exceeds the fair value, not to exceed the amount of goodwill recorded for that reporting unit.

In January 2017, the FASB issued Accounting Standards Update No. 2017-04, Intangibles - Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment (ASU 2017-04), which eliminates step two from the goodwill impairment test. Under ASU 2017-04, an entity should recognize an impairment charge for the amount by which the carrying amount of a reporting unit exceeds its fair value up to the amount of goodwill allocated to that reporting unit. ASU 2017-04 is effective for annual and interim reporting periods beginning after December 15, 2022 for smaller reporting companies. The Company has early adopted ASU 2017-04 on June 1, 2020.

(n) Fair Value of Financial Instruments

The Company accounts for financial instruments in accordance to ASC Topic 820, “Fair Value Measurements and Disclosures,” which requires disclosure of the fair value of financial instruments held by the Company and ASC Topic 825, “Financial Instruments,” which defines fair value, and establishes a three-level valuation hierarchy for disclosures of fair value measurement that enhances disclosure requirements for fair value measures. The carrying amounts reported in the condensed consolidated balance sheets for financial assets and liabilities, which primarily consist of cash and cash equivalents, accounts receivable, prepayments and other current assets, accounts payable, accrued liabilities, customer advances, are a reasonable estimate of their fair values because of the short period of time between the origination of such instruments and their expected realization and their current market rate of interest. The three levels of valuation hierarchy are defined as follows:

● Level 1 inputs to the valuation methodology are quoted prices for identical assets or liabilities in active markets.

● Level 2 inputs to the valuation methodology include quoted prices for similar assets and liabilities in active markets, and inputs that are observable for the asset or liability, either directly or indirectly, for substantially the full term of the financial instrument.

● Level 3 inputs to the valuation methodology are unobservable and significant to the fair value measurement.

(o) Revenue Recognition

In accordance with Financial Accounting Standards Board (“FASB”) Accounting Standards Codification (“ASC”) Topic 606, Revenue from Contracts. ASC 606 creates a five-step model that requires entities to exercise judgment when considering the terms of contracts, which includes (1) identifying the contracts or agreements with a customer, (2) identifying our performance obligations in the contract or agreement, (3) determining the transaction price, (4) allocating the transaction price to the separate performance obligations, and (5) recognizing revenue as each performance obligation is satisfied. The Company only applies the five-step model to contracts when it is probable that the Company will collect the consideration it is entitled to in exchange for the services it transfers to its clients.

Under Topic 606, revenues are recognized when the promised products have been confirmed of delivery or services have been transferred to the consumers in amounts that reflect the consideration the customer expects to be entitled to in exchange for those services. The Company presents value added taxes (“VAT”) as reductions of revenues. The Company recognizes revenues net of value added taxes (“VAT”) and relevant charges.

Product Revenue

We generate revenue primarily from the sales of motor oil, auto parts and automobile exhaust cleaners directly to customers. We recognize product revenue at a point in time when the control of the products has been transferred to customers. The transfer of control is considered complete when products have been picked up by or shipped to our customers. Our sales arrangements for automobile exhaust cleaners and auto parts usually require a full prepayment before the delivery of products.

We also generate revenue from the sales of auto parts directly to the customers, such as a business or individual engaged in auto parts businesses. We recognize revenue at a point in time when products are delivered and customer acceptance is made. For the sales arrangements of auto parts products, we generally require payment upon issuance of invoices.

Service Revenue

We also generate revenue from brand name authorization fee and brand name management service under separate contracts. Revenue from brand name authorization and management services include service fees for provision of brand name “teenage hero car” to our customers, and provision of management service. Revenue from the maintenance service to the customers is recognized at a point in time when services are provided. Revenue from the management service to the customer is recognized as the performance obligation is satisfied over time over the contracting period.

(p) Sales and Distribution Expense

Sales and distribution expenses consist of payroll related costs, promotion expenses, transportation costs, conference expenses, office expenses, travelling and entertainment expenses.

(q) General and Administrative Expenses

General and administrative expenses consist of payroll related costs, consultancy expenses, impairment of intangible assets, rental expenses, office expense, travelling and entertainment expenses.

(r) Operating Leases

The Company recognizes its leases in accordance with ASC 842 - Leases. Under ASC 842, operating lease right-of-use (“ROU”) assets and liabilities are recognized at commencement date based on the present value of lease payments over the lease term. ROU assets represent our right to use an underlying asset for the lease term and lease liabilities represent our obligation to make lease payments arising from the lease. The initial lease liability is equal to the future fixed minimum lease payments discounted using the Company’s incremental borrowing rate, on a secured basis. The lease term includes option renewal periods and early termination payments when it is reasonably certain that the Company will exercise those rights. The initial measurement of the ROU asset is equal to the initial lease liability plus any initial direct costs and prepayments, less any lease incentives. The Company elected the short-term lease exemption for contracts with lease terms of 12 months or less. The Company accounts for the lease and non-lease components of its leases as a single lease component. Lease expense is recognized on a straight-line basis over the lease term.

(s) Value-added Taxes

Revenue is recognized net of value-added taxes (“VAT”). The VAT is based on gross sales price and VAT rates applicable to the Company is 17% for the period from the beginning of 2018 till the end of April 2018, then changed to 16% from May 2018 to the end of March 2019, and changed to 13% from April 2019. Entities that are VAT general taxpayers are allowed to offset qualified input VAT paid to suppliers against their output VAT liabilities. Net VAT balance between input VAT and output VAT is recorded as VAT payable if output VAT is larger than input VAT and is recorded as VAT recoverables if input VAT is larger than output VAT. All of the VAT returns filed by the Company’s subsidiaries in China, have been and remain subject to examination by the tax authorities.

(t) Income Taxes

The Company followed the liability method of accounting for income taxes in accordance with ASC 740, Income Taxes, or ASC 740. Under this method, deferred tax assets and liabilities are determined based on the difference between the financial reporting and tax bases of assets and liabilities using enacted tax rates that will be in effect in the period in which the differences are expected to reverse. The Company recorded a valuation allowance to offset deferred tax assets if based on the weight of available evidence, it is more-likely-than-not that some portion, or all, of the deferred tax assets will not be realized. The effect on deferred taxes of a change in tax rate is recognized in tax expense in the period that includes the enactment date of the change in tax rate.

The Company accounted for uncertainties in income taxes in accordance with ASC 740. Interest and penalties related to unrecognized tax benefit recognized in accordance with ASC 740 are classified in the consolidated statements of comprehensive loss as income tax expense.

(u) Employee Benefit Expenses

As stipulated by the regulations of the PRC, full-time employees of the Company are entitled to various government statutory employee benefit plans, including medical insurance, maternity insurance, workplace injury insurance, unemployment insurance and pension benefits through a PRC government-mandated multi-employer defined contribution plan. The Company is required to make contributions to the plan and accrues for these benefits based on certain percentages of the qualified employees’ salaries.

(v) Comprehensive (Loss) Income

Comprehensive (loss) income is defined as the changes in equity of the Company during a period from transactions and other events and circumstances excluding transactions resulting from investments by owners and distributions to owners. Among other disclosures, ASC 220, Comprehensive Income, requires that all items that are required to be recognized under current accounting standards as components of comprehensive income be reported in a financial statement that is displayed with the same prominence as other financial statements. For each of the periods presented, the Company’s comprehensive (loss) income includes net loss and foreign currency translation adjustment and is presented in the consolidated statements of operations and comprehensive (loss) income.

(w) Earnings Per Share

The Company computes earnings per share (“EPS”) in accordance with ASC Topic 260, “Earnings per share”. Basic EPS is measured as the income or loss available to common shareholders divided by the weighted average common shares outstanding for the period. Impact on dilution is insignificant, diluted EPS is similar to basic EPS but presents the dilutive effect on a per share basis of potential common shares (e.g., convertible securities, options, and warrants) as if they had been converted at the beginning of the periods presented, or issuance date, if later. Potential common shares that have an anti-dilutive effect (i.e. those that increase income per share or decrease loss per share) are excluded from the calculation of diluted EPS.

The Company calculates basic and diluted (xloss)/earnings ~~Segment~~per ~~Reporting~~share as follow:

~~The~~ Schedule ~~Company reports each material operating segment in accordance with ASC 280, “Segment Reporting”. Operating segments are defined as components~~ of anEarnings ~~enterprise~~Per ~~about~~Share ~~which~~Basic ~~separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources~~ and ~~in assessing performance. The Company’s chief operating decision maker is the chief executive officer. The Company has determined that it has only one operating segment.~~Diluted

(y) Recently Issued Accounting Standards

	February 28, 2025			February 29, 2024
	For The Nine Months Ended
	February 28, 2025			February 29, 2024
	$			$
Numberator:
Net loss attributable to common shareholders, basic		(244,501	)		(185,510	)
Denominator:
Weighted average number of shares outstanding, basic and diluted		101,987,668			101,710,517
Loss per share, basic and diluted		(0.00	)		(0.00	)

~~During the~~As ~~period~~of ~~ended~~February ~~November 30~~28, ~~2024~~2025, ~~there~~the ~~have~~Company ~~been~~had nodilutive securities ~~new,~~from orthe ~~existing,~~issuance ~~recently issued accounting pronouncements that are~~ of ~~significance~~560, or000 ~~potential~~shares ~~significance,~~in ~~that~~September ~~impact the Company’s consolidated financial statements~~2024.

~~Note 3.~~(x) ~~Acquisition~~Segment Reporting

~~On March~~The ~~28, 2019, Mr. Cai, Lixin (Mr. Cai), the~~ Company’s ~~Chairman~~reports ofeach ~~the~~material ~~Board~~operating ~~and Chief Executive Officer and Chief Financial Officer,~~segment ~~incorporated~~in ~~CXJ~~accordance ~~Technology~~with ~~(Hangzhou)~~ASC ~~Co.~~280, ~~Ltd (~~“HZSegment ~~CXJ~~Reporting”~~) in Hangzhou, China~~. ~~Mr.~~Operating ~~Cai~~segments inare ~~turn~~defined ~~incorporated~~as ~~CXJ~~components ~~Investment Group~~of ~~Company~~an ~~Ltd~~enterprise ~~(“CXJ”),~~about ~~CXJ (HK) Technology Group Company Ltd (“HK CXJ”), and CXJ (Shenzhen) Technology Co.,~~which ~~Ltd~~separate ~~(“SZ~~financial ~~CXJ”)~~information ~~and~~is ~~reorganized~~available ~~these~~that ~~entities~~is ~~with~~evaluated ~~CXJ~~regularly ~~being~~by athe ~~holding~~chief ~~entity~~operating ~~with~~decision ~~the~~maker ~~solely~~in ~~shareholder.~~deciding Ashow ato ~~result of~~allocate ~~the~~resources ~~reorganization, CXJ owns 100% interest in HK CXJ~~ and ~~HK CXJ owns 100% interest~~ in SZassessing ~~CXJ~~performance. SZThe ~~CXJ~~Company’s ~~controls~~chief ~~100%~~operating ~~interest~~decision inmaker HZis ~~CXJ through~~the ~~VIE~~chief ~~contractual~~executive ~~arrangements~~officer. asThe ~~disclosed~~Company has indetermined ~~Note~~that 4.it ~~Such~~has ~~reorganization~~only ~~was~~one ~~completed~~operating ~~on May 28, 2020~~segment.

17(y) Recently Issued Accounting Standards

~~On June~~During ~~18, 2019,~~ the ~~Company~~period ~~underwent~~ended aFebruary ~~change~~28, ~~of control as a result of the transfer of 10~~2025,~~000,000~~ ~~shares~~there ~~of Series A Preferred stock~~have ~~(which~~been ~~voted~~no onnew, aor 10existing, ~~for~~recently ~~one~~issued ~~basis~~accounting atpronouncements ~~the~~that ~~time~~are of ~~the change of control) from Custodian Ventures~~significance, ~~LLC~~or ~~and~~potential 17significance,~~700,000~~ ~~shares~~that ofimpact ~~common~~the ~~stock~~Company’s toconsolidated ~~Xinrui~~financial ~~Wang~~statements.

~~On May~~Note 28, 2020, we consummated the transactions contemplated by the Share Exchange Agreement among the Company, CXJ Investment Group Company Limited (“CXJ”), a British Virgin Islands Corporation and the shareholder of CXJ, pursuant to which we acquired all the ordinary shares of CXJ in exchange for the issuance to the shareholder of CXJ of an aggregate of 1,364,800 shares of the Company3. The shareholder is the selling security holder in this prospectus and are all affiliates. As a result of the transactions contemplated by the Share Exchange, CXJ became a wholly-owned subsidiary of the Company.Acquisition

~~The~~ On March 28, 2019, Mr. Cai, Lixin (Mr. Cai), the Company’s Chairman ~~accounted~~of ~~for~~the ~~above~~Board ~~transaction~~and asChief aExecutive ~~reverse~~Officer ~~acquisition~~and ~~under~~Chief ~~ASC~~Financial ~~Subtopic~~Officer, ~~805-40~~incorporated CXJ Technology (Hangzhou) Co., ~~based~~Ltd on(“HZ CXJ”) ~~the~~in ~~fact~~Hangzhou, ~~that~~China. ~~the~~Mr. Cai in turn incorporated CXJ isInvestment anGroup ~~accounting~~Company Ltd (“CXJ”), CXJ (HK) Technology ~~acquirer~~Group Company Ltd (“HK CXJ”), and ~~the~~CXJ ~~Company~~(Shenzhen) isTechnology Co., Ltd (“SZ CXJ”) and reorganized these entities with CXJ being a holding entity with the ~~accounting~~solely ~~acquiree~~shareholder. ~~Meanwhile,~~As a result of the reorganization, CXJ ~~retrospectively~~owns ~~consolidates~~100% ~~the~~interest ~~Company~~in HK CXJ and asHK CXJ ifowns it100% ~~had~~interest ~~been owned~~in bySZ CXJ. ~~since~~SZ ~~May~~CXJ ~~28,~~controls ~~2020,~~100% ~~the~~interest ~~date~~in ~~the~~HZ ~~Company~~CXJ ~~was~~through ~~acquired~~VIE bycontractual ~~Mr.~~arrangements ~~Lixin~~as ~~Cai,~~disclosed in ~~accordance~~Note ~~with~~4. Such ~~ASC~~reorganization ~~Subtopic~~was ~~805-50~~completed on May 28, 2020.

On August 19, 2021, CXJ Technology (Hangzhou) Co., Ltd acquired 51% equity interest of Shenzhen Lanbei Ecological Technology Co., Ltd (a Chinese company) from Shenzhen Baiwen Enterprise Management Consulting Co., Ltd with a purchase consideration of RMB1. After the acquisition comes into effect, Shenzhen Lanbei Ecological Technology Co., Ltd will share profits and risks and losses in proportion to the equity. Lixin Cai will become the legal representative of Shenzhen Lanbei Ecological Technology Co., Ltd.17

On June 1418, ~~2022~~2019, the Company ~~completed~~underwent ~~the~~a ~~issuance~~change ~~and sales~~ of control anas ~~aggregate of 223,500 shares at~~ a ~~price~~result of ~~$0.66~~the ~~per~~transfer ~~shares with each share consisting~~ of ~~one~~10,000,000 ~~share~~shares of ~~the~~Series ~~Company’s~~A ~~common~~Preferred stock, ~~par value $0.001 per share~~ (~~the~~which ~~“Common~~voted ~~Stock”)~~on in a ~~private placement~~10 tofor ~~Minggang~~one ~~Qian~~basis ~~(the~~at ~~“Purchaser”), pursuant to~~ the ~~Subscription~~time ~~Agreement dated as~~ of ~~June 9, 2022 between the~~ ~~Company and~~ the ~~Purchaser.~~change ~~The~~of ~~net~~control) ~~proceeds~~from toCustodian ~~the~~Ventures, ~~Company~~LLC ~~amounted~~and ~~to $147~~17,~~510. The $147~~700,~~510~~000 inshares ~~proceeds~~of ~~went~~common ~~directly~~stock to ~~the~~Xinrui ~~Company as working capital~~Wang.

On ~~November~~ 4May 28, ~~2022~~2020, ~~CXJ~~we ~~(Shenzhen)~~consummated ~~Technology~~the ~~Co.,~~transactions ~~Ltd~~contemplated by ~~acquired~~the ~~100%~~Share ~~equity~~Exchange ~~interest~~Agreement ofamong ~~Longkou~~the ~~Xianganfu~~Company, ~~Trading~~CXJ ~~Co.,~~Investment ~~Ltd~~Group Company Limited (“CXJ”), a ~~Chinese~~British ~~company)~~Virgin Islands ~~from~~Corporation ~~Rudong~~and ~~Shi~~the ~~with~~shareholder aof ~~purchase~~CXJ, ~~consideration~~pursuant to which we acquired all the ordinary shares of ~~RMB1.~~CXJ ~~After~~in exchange for the ~~acquisition~~issuance ~~comes~~to ~~into~~the shareholder ~~effect~~of CXJ of an aggregate of 1,364,800 ~~Longkou~~shares ~~Xianganfu~~of ~~Trading~~the CoCompany., LtThe ~~will share~~shareholder ~~profits~~is ~~and~~the ~~risks~~selling ~~and~~security ~~losses~~holder in ~~proportion~~this toprospectus and ~~the~~are ~~equity~~all affiliates. ~~Rudong~~As ~~Shi~~a ~~will~~result ~~become~~of the ~~legal~~transactions ~~representative~~contemplated ofby ~~Longkou~~the ~~Xianganfu Trading~~Share ~~Co.~~Exchange, LtCXJ became a wholly-owned subsidiary of the Company.

~~On August~~The 1,Company ~~2023,~~accounted ~~CXJ~~for ~~Technology~~above ~~(Hangzhou)~~transaction ~~Co.,~~as ~~Ltd,~~ a ~~Chinese~~reverse acquisition ~~corporation~~under ~~and~~ASC aSubtopic ~~subsidiary~~805-40, ofbased on the ~~Company~~fact ~~signed~~that anthe ~~equity~~CXJ ~~transfer~~is ~~agreement (the~~an ~~“Agreement”)~~accounting ~~with~~acquirer ~~Mr.~~and ~~Qing~~the ~~Wang.~~Company ~~Under~~is ~~this~~the ~~agreement~~accounting acquiree. Meanwhile, the ~~Company~~CXJ ~~will~~retrospectively ~~dispose~~consolidates ~~51%~~the ~~equity~~Company ofand ~~Xishijie~~as ~~Automobile~~if ~~Industry Ecology~~it ~~Technology~~had ~~Co.,~~been ~~Ltd~~owned ~~(formerly~~by ~~known~~CXJ assince ~~Shenzhen~~May ~~Lanbei Ecological Technology Co.~~28, ~~Ltd)~~2020, athe ~~Chinese~~date ~~company~~the ~~(“Xishijie”)~~Company ~~with~~was aacquired ~~purchase~~by ~~price of RMB 1 yuan~~Mr. ~~After~~Lixin ~~this Agreement comes into force~~Cai, ~~Xishijie~~in ~~Automobile~~accordance ~~Industry~~with ~~Ecology~~ASC ~~Technology~~Subtopic Co805-50.~~, Ltd will no longer be the subsidiary of the Company.~~

On ~~September~~ 1August 19, ~~2024~~2021, ~~the~~CXJ ~~Company~~Technology ~~entered~~(Hangzhou) ~~the~~Co., Ltd ~~Subscription~~acquired ~~Agreement~~51% ~~with~~equity ~~Zhongxin~~interest ~~Lei~~of ~~(the~~Shenzhen ~~“Purchaser”)~~Lanbei toEcological ~~issue~~Technology ~~and~~Co., ~~sales of~~Ltd an(a ~~aggregate~~Chinese ofcompany) ~~160,000~~from ~~shares~~Shenzhen atBaiwen aEnterprise Management ~~price~~Consulting ~~of $0~~Co.~~657~~, ~~per~~Ltd ~~shares~~ with ~~each~~a ~~share~~purchase ~~consisting~~consideration of ~~one~~RMB1. ~~share~~After of the ~~Company’s~~acquisition ~~common stock,~~comes ~~par~~into ~~value~~effect, ~~$0.001~~Shenzhen ~~per~~Lanbei ~~share~~Ecological Technology ~~(the “Common Stock”)~~Co., ~~The~~Ltd ~~net~~will ~~proceeds~~share toprofits ~~the~~and ~~Company~~risks ~~amounted~~and tolosses ~~$105,128~~in ~~and~~proportion ~~went directly~~ to the ~~Company as working capital~~equity. ~~The~~Lixin ~~share~~Cai ~~price~~will isbecome ~~based on~~ the ~~selling~~legal ~~price as of June 9,~~representative ~~2022. After issuance~~ of ~~new~~Shenzhen ~~shares,~~Lanbei ~~the~~Ecological ~~Purchaser~~Technology ~~owing 0~~Co.~~18%~~, ~~equity of Company~~Ltd.

On ~~September~~ 1June 14, ~~2024~~2022, the Company ~~entered~~completed the ~~Subscription Agreement with Shiguo Wang (the “Purchaser”) to issue~~ issuance and sales of an aggregate of ~~200~~223,~~000~~500 shares at a price of $0.~~675~~66 per shares with each share consisting of one share of the Company’s ~~common~~ common stock, par value $0.001 per share (the “Common Stock”). ~~The~~in ~~net~~a ~~proceeds~~private toplacement ~~the Company amounted~~ to ~~$135,000~~Minggang ~~and~~Qian ~~went~~(the ~~directly~~“Purchaser”), pursuant to the ~~Company~~Subscription Agreement dated as ~~working~~of ~~capital.~~June ~~The~~9, ~~share~~2022 ~~price~~between isthe ~~based~~Company onand the ~~selling~~Purchaser. ~~price~~The asnet ofproceeds ~~June~~to 9,the Company ~~2022.~~amounted ~~After~~to ~~issuance~~$147,510. ofThe ~~new shares~~$147,510 ~~the~~in ~~Purchaser~~proceeds ~~owing~~went ~~0.22%~~directly ~~equity~~to ofthe Company. as working capital.

On ~~September~~ 2November 4, ~~2024~~2022, ~~the~~CXJ ~~Company entered the Subscription Agreement with Shiguo Wang~~ (~~the “Purchaser”~~Shenzhen) toTechnology ~~issue~~Co., Ltd ~~and~~acquired ~~sales~~100% ~~of an~~equity ~~aggregate~~interest of ~~200,000~~Longkou ~~shares~~Xianganfu atTrading Co., Ltd (a ~~price~~Chinese ofcompany) ~~$0.648~~from ~~per~~Rudong ~~shares~~Shi with ~~each~~a ~~share~~purchase ~~consisting~~ consideration of ~~one~~RMB1. ~~share~~After of the ~~Company’s~~acquisition ~~common stock,~~comes ~~par~~into ~~value~~effect, ~~$0.001~~Longkou ~~per~~Xianganfu ~~share~~Trading ~~(the “Common Stock”)~~Co., ~~The~~Lt ~~net~~will ~~proceeds~~share toprofits ~~the~~and ~~Company~~risks ~~amounted to $129,600~~ and ~~went~~losses ~~directly~~in proportion to the ~~Company as working capital~~equity. ~~The~~Rudong ~~share~~Shi ~~price~~will isbecome ~~based on~~ the ~~selling~~legal ~~price~~representative as of ~~June~~Longkou 9,Xianganfu ~~2022.~~Trading ~~After issuance of new shares~~Co., ~~the Purchaser owing 0~~Lt.~~42% equity of Company.~~

~~Note 4~~On August 1, 2023, CXJ Technology (Hangzhou) Co., Ltd, ~~VIE~~a ~~Structure~~Chinese corporation and ~~Arrangements~~a subsidiary of the Company signed an equity transfer agreement (the “Agreement”) with Mr. Qing Wang. Under this agreement, the Company will dispose 51% equity of Xishijie Automobile Industry Ecology Technology Co., Ltd (formerly known as Shenzhen Lanbei Ecological Technology Co., Ltd), a Chinese company (“Xishijie”) with a purchase price of RMB 1 yuan. After this Agreement comes into force, Xishijie Automobile Industry Ecology Technology Co., Ltd will no longer be the subsidiary of the Company.

~~The~~ On September 1, 2024, the Company ~~consolidates~~entered ~~VIE~~the inSubscription Agreement ~~which~~with itZhongxin ~~holds~~Lei a(the ~~variable~~“Purchaser”) ~~interest~~to issue and issales ~~the~~of ~~primary~~an ~~beneficiary~~aggregate ~~through~~of ~~contractual~~160,000 ~~agreements.~~shares ~~The~~at ~~Company~~a price of $0.657 per isshares ~~the~~with ~~primary~~each ~~beneficiary~~share ~~because~~consisting itof ~~has~~one ~~the~~share ~~power~~of tothe ~~direct~~Company’s ~~activities~~common ~~that~~stock, ~~most~~par ~~significantly~~value ~~affect~~$0.001 ~~their~~per ~~economic~~share ~~performance~~(the ~~and~~“Common Stock”). ~~have~~The net proceeds to the ~~obligation~~Company amounted to ~~absorb~~$105,128 ~~the~~and ~~majority~~went ofdirectly ~~their~~to ~~losses~~the orCompany ~~benefits~~as working capital. The share ~~results~~price ofis ~~operations~~based ~~and~~on ~~financial~~the ~~position~~selling price as of ~~the~~June ~~VIE~~9, ~~are included~~2022. inAfter issuance of new shares, the ~~Company’s~~Purchaser ~~consolidated~~owing ~~financial~~0.18% ~~statements~~equity of Company.

~~In order~~On toSeptember ~~operate~~1, ~~its~~2024, ~~business~~the inCompany ~~PRC~~entered ~~and~~the toSubscription Agreement ~~comply~~ with ~~PRC~~Shiguo ~~laws~~Wang ~~and~~(the ~~regulations~~“Purchaser”) ~~that~~to ~~prohibit~~issue orand ~~restrict~~sales ~~foreign~~of ~~ownership~~an aggregate of ~~companies that~~200,000 ~~provides~~shares ~~value-added~~at ~~services,~~a ~~the~~price ~~Company~~of ~~entered~~$0.675 ~~into~~per shares awith ~~series~~each share consisting of ~~contractual~~one ~~agreements~~share ~~with~~of the ~~VIE:~~Company’s ~~CXJ~~common ~~Technology (Hangzhou) Co.~~stock, ~~Ltd~~par value $0.001 per share (the “HZCommon ~~CXJ~~Stock”). The ~~These~~net ~~contractual~~proceeds ~~agreements~~to ~~may~~the ~~not~~Company beamounted ~~terminated~~to by$135,000 ~~the~~and ~~VIE,~~went ~~except~~directly ~~with~~to the ~~consent~~Company ~~of,~~as orworking acapital. ~~material~~The ~~breach~~share byprice ~~us.~~is ~~Currently,~~based on the ~~Company~~selling isprice ~~still~~as ~~evaluating~~of ~~the~~June ~~overall~~9, ~~operating~~2022. ~~strategy~~After ~~for~~issuance ~~business~~of ~~and~~new ~~does~~shares, ~~not~~the ~~have~~Purchaser ~~plan~~owing to0.22% ~~provide any~~equity ~~funding~~of ~~to the VIE~~Company.

~~The~~On September 2, 2024, the Company entered the Subscription ~~key~~Agreement ~~terms~~with Shiguo Wang (the “Purchaser”) to issue and sales of an aggregate of 200,000 shares at a price of $0.648 per shares with each share consisting of one share of the ~~VIE~~Company’s ~~Agreements~~common ~~are~~stock, ~~summarized~~par value $0.001 per share (the “Common Stock”). The net proceeds to the Company amounted to $129,600 and went directly to the Company as ~~follows:~~working capital. The share price is based on the selling price as of June 9, 2022. After issuance of new shares, the Purchaser owing 0.42% equity of Company.

~~(a) Exclusive~~Note ~~Consulting~~4. ~~and~~VIE ~~Services~~Structure ~~Agreement~~and Arrangements

The ~~wholly~~ ~~foreign~~Company ~~owned~~consolidates ~~enterprise~~VIE ~~(“WFOE”)~~in ~~has~~which ~~the~~it ~~exclusive~~holds ~~right~~a tovariable interest ~~provide technical service, marketing~~ and ~~management~~is ~~consulting service,~~the ~~financial~~primary ~~support~~beneficiary ~~service~~through ~~and~~contractual ~~human~~agreements. ~~resource~~The ~~support~~Company ~~services~~is to the ~~VIE,~~primary ~~and~~beneficiary ~~the~~because ~~VIE~~it ishas ~~required~~the ~~to take all commercially reasonable~~power ~~efforts~~ to ~~permit~~direct ~~and~~activities ~~facilitate~~that ~~the~~most ~~provision~~significantly ofaffect ~~the~~their ~~services~~economic byperformance ~~WFOE.~~and Ashave ~~compensation for providing~~ the ~~services,~~obligation ~~WFOE is entitled~~ to ~~receive~~absorb ~~service fees from~~ the ~~VIE~~majority ~~equivalent to the WFOE’s cost plus certain percentage~~ of ~~such costs as calculated on accounting~~their ~~policies~~losses ~~generally~~or ~~accepted in the PRC~~benefits. The ~~WFOE~~results ~~and~~of ~~the~~operations ~~VIE agree to periodically review the service fee~~ and ~~make~~financial ~~adjustments~~position ~~as deemed appropriate. The term~~ of the ~~Technical~~VIE ~~Services~~are ~~Agreement~~included isin ~~perpetual,~~the ~~and~~Company’s ~~may~~consolidated ~~only be terminated upon written consent of both parties~~financial statements.

In order to operate its business in PRC and to comply with PRC laws and regulations that prohibit or restrict foreign ownership of companies that provides value-added services, the Company entered into a series of contractual agreements with the VIE: CXJ Technology (bHangzhou) Co., Ltd. (“HZ CXJ”). These contractual ~~Equity~~agreements ~~Pledge~~may ~~Agreement~~not be terminated by the VIE, except with the consent of, or a material breach by us. Currently, the Company is still evaluating the overall operating strategy for business and does not have plan to provide any funding to the VIE.

The ~~VIE’s~~ ~~shareholders~~key ~~pledged~~terms ~~all~~ of ~~their~~the ~~equity interests in~~ VIE ~~(the~~Agreements ~~“Collateral”)~~are ~~to WFOE, our wholly owned subsidiary~~summarized ~~in PRC,~~ as security for the performance of the obligations to make all the required technical service fee payments pursuant to the Technical Services Agreement and for performance of the VIEs’ Shareholders’ obligation under the Call Option Agreement. The terms of the Equity Pledge Agreement expire upon satisfaction of all obligations under the Technical Services Agreement and Call Option Agreement.follows:

18(a) Exclusive Consulting and Services Agreement

The wholly foreign owned enterprise (c“WFOE”) ~~Exclusive~~has ~~Option~~the exclusive right to provide technical service, marketing and management consulting service, financial support service and human resource support services to the VIE, and the VIE is required to take all commercially reasonable efforts to permit and facilitate the provision of the services by WFOE. As compensation for providing the services, WFOE is entitled to receive service fees from the VIE equivalent to the WFOE’s cost plus certain percentage of such costs as calculated on accounting policies generally accepted in the PRC. The WFOE and the VIE agree to periodically review the service fee and make adjustments as deemed appropriate. The term of the Technical Services Agreement is perpetual, and may only be terminated upon written consent of both parties.

~~The VIEs’~~(b) ~~Shareholders~~Equity ~~granted~~Pledge an exclusive option to WFOE, or its designee, to purchase, at any time and from time to time, to the extent permitted under PRC law, all or any portion of the VIE’s shareholders’ equity in the VIE. The exercise price of the option shall be determined by WFOE at its sole discretion, subject to any restrictions imposed by PRC law. The term of the agreement is until all of the equity interest in the VIE held by the VIEs’. Shareholders are transferred to WFOE, or its designee and may not be terminated by any part to the agreement without consent of the other parties.Agreement

The VIE’s shareholders pledged all of their equity interests in VIE (dthe “Collateral”) to WFOE, our wholly owned subsidiary in PRC, as security for the performance of ~~Power~~the obligations to make all the required technical service fee payments pursuant to the Technical Services Agreement and for performance of ~~Attorney~~the VIEs’ Shareholders’ obligation under the Call Option Agreement. The terms of the Equity Pledge Agreement expire upon satisfaction of all obligations under the Technical Services Agreement and Call Option Agreement.

The VIE’s shareholders granted WFOE the irrevocable right, for the maximum period permitted by law, all of its voting rights as shareholders of the VIE. The VIE’s shareholders may not transfer any of its equity interest in the VIE to any party other than WFOE. The Power of Attorney agreements may not be terminated except until all of the equity in VIEs has been transferred to WFOE or its designee.18

~~Note 5.~~(c) ~~Shareholders’~~Exclusive ~~Equity~~Option Agreement

The VIEs’ Shareholders granted an exclusive ~~Company~~option ~~has~~to ~~490~~WFOE,~~000~~ or its designee,~~000~~ ~~shares~~to purchase, at any time and from time to time, to the extent permitted under PRC law, all or any portion of ~~common~~the ~~stock~~VIE’s ~~authorized~~shareholders’ ~~with~~equity ain ~~par~~the ~~value~~VIE. The exercise price of $0the option shall be determined by WFOE at its sole discretion, subject to any restrictions imposed by PRC law.~~001~~ ~~per~~The ~~share~~term asof the agreement is until all of ~~November~~the 30equity interest in the VIE held by the VIEs’. Shareholders are transferred to WFOE, ~~2024~~or its designee and ~~May~~may ~~31,~~not ~~2024~~be terminated by any part to the agreement without consent of the other parties.

~~Effective July~~(d) 9,Power ~~2019 we changed our name from Global Entertainment Corp to CXJ Group Co., Limited. On July 12, 2019, the Company effectuated a 1 for 200 reverse stock split, while the authorized shares~~ of ~~common stock and preferred shares totally had been increased to 500,000,000. As a result of the foregoing we changed our trading symbol from GNTP and began trading as ECXJ on August 5, 2019.~~Attorney

~~On October~~The 4,VIE’s ~~2019,~~shareholders ~~Xinrui~~granted ~~Wang~~WFOE (the ~~“Seller”)~~irrevocable right, ~~entered~~for ~~into~~the amaximum ~~Stock~~period ~~Purchase~~permitted ~~Agreement~~by ~~pursuant~~law, toall ~~which~~of ~~the~~its ~~Seller~~voting ~~agreed to~~rights ~~sell~~as toshareholders ~~Wenbin~~of ~~Mao~~the ~~and~~VIE. ~~Baiwan~~The ~~Niu~~VIE’s ~~(the~~shareholders ~~“Purchasers”),~~may not ~~totaling~~transfer ~~1,500,000~~any ~~preferred stock~~ of ~~the~~its ~~Company~~equity ~~(“Shares”) owned~~interest byin the ~~Seller,~~VIE ~~for~~to anany ~~amount~~party ofother ~~$1,500~~than WFOE. OnThe ~~October~~Power 8,of ~~2019,~~Attorney ~~Xinrui~~agreements ~~Wang,~~may ~~Wenbin~~not ~~Mao~~be ~~and Baiwan Niu effectuated a 1 for 10 conversion~~terminated toexcept ~~convert~~until all ~~their preferred stock totaling 10,000,000 to 100,000,000 common shares. As a result~~ of the ~~conversion,~~equity ~~there~~in ~~was~~VIEs nohas ~~preferred stock~~been ~~outstanding~~transferred ofto ~~the~~WFOE ~~Company~~or asits ~~of October 8, 2019~~designee.

~~On May~~Note 28, 2020, we consummated the transactions contemplated by the Share Exchange Agreement among the Company, CXJ Investment Group Company Limited, a British Virgin Islands Corporation (“CXJ”) and the shareholder of CXJ, pursuant to which we acquired all the ordinary shares of CXJ in exchange for the issuance to the shareholder of CXJ of an aggregate of 1,364,800 shares of the Company5. ~~The~~Shareholders’ shareholder is the selling security holder in this prospectus and are all affiliates. As a result of the transactions contemplated by the Share Exchange, CXJ became a wholly-owned subsidiary of the Company.Equity

~~On June~~The ~~14, 2022, the~~ Company ~~completed~~has ~~the issuance and sales of an aggregate of 223~~490,~~500~~000,000 shares ~~at a price~~ of ~~$0.66~~common ~~per~~stock authorized ~~shares~~ with ~~each share~~a ~~consisting of one share of the Company’s common stock,~~ par value of $0.001 per share ~~(the “Common Stock”) in a private placement to Minggang Qian (the “Purchaser”), pursuant to the Subscription Agreement dated~~ as of ~~June~~November 930, ~~2022~~2024 ~~between the Company~~ and ~~the~~May ~~Purchaser. The net proceeds to the Company amounted to $147~~31,~~510.~~ ~~The $147,510 in proceeds went directly to the Company as working capital~~2024.

~~On September~~Effective 1,July ~~2024~~9, ~~the~~2019 ~~Company~~we ~~completed~~changed ~~the~~our ~~issuance~~name ~~and~~from ~~sales~~Global Entertainment ofCorp anto ~~aggregate~~CXJ ofGroup ~~160~~Co.,~~000~~ ~~shares at a price of $0~~Limited.~~657~~ ~~per~~On ~~share~~July ~~with each~~12, ~~share~~2019, ~~consisting of one share of~~ the Company’s ~~common~~effectuated ~~stock, par value $0.001 per share (the “Common Stock”) in~~ a ~~private~~1 ~~placement~~for to200 ~~Zhongxin~~reverse ~~Lei~~stock ~~(the “Purchaser”)~~split, ~~pursuant~~while to the ~~Subscription~~authorized shares ~~Agreement~~of ~~dated~~common asstock ofand ~~September~~preferred 1,shares ~~2024 between~~totally ~~the~~had ~~Company~~been ~~and~~increased ~~the~~to ~~Purchaser~~500,000,000. ~~The~~As ~~net~~a ~~proceeds~~result toof the ~~Company~~foregoing ~~amounted~~we tochanged ~~$105,128.~~our ~~The~~trading symbol ~~$105,128~~from inGNTP ~~proceeds~~and ~~went~~began ~~directly~~trading ~~to the~~as ~~Company~~ECXJ ason ~~working~~August ~~capital~~5, 2019.

On ~~September~~ 1October 4, ~~2024~~2019, ~~the~~Xinrui ~~Company~~Wang ~~completed~~ (the ~~issuance and sales of an aggregate of 200~~“Seller”),~~000~~ entered ~~shares~~into at a ~~price~~Stock ofPurchase ~~$0.675~~Agreement ~~per~~pursuant ~~share~~to ~~with each~~which ~~share~~the ~~consisting~~Seller ofagreed ~~one~~to ~~share~~sell ofto ~~the~~Wenbin ~~Company’s~~Mao ~~common~~and ~~stock,~~Baiwan ~~par~~Niu ~~value $0.001 per share~~ (the “~~Common Stock~~Purchasers”) in, atotaling ~~private~~1,500,000 ~~placement~~preferred tostock ~~Shiguo~~of ~~Wang (~~the Company (“~~Purchaser~~Shares”), ~~pursuant~~owned toby the ~~Subscription~~Seller, ~~Agreement~~for ~~dated~~an asamount of ~~September~~ $1,500. ~~2024~~On October 8, 2019, ~~between~~Xinrui ~~the~~Wang, ~~Company~~Wenbin Mao and ~~the~~Baiwan ~~Purchaser.~~Niu ~~The~~effectuated ~~net~~a ~~proceeds~~1 for 10 conversion to ~~the~~convert ~~Company~~all ~~amounted~~their preferred stock totaling 10,000,000 to ~~$135~~100,000,000 common shares. ~~The~~As ~~$135~~a result of the conversion,~~000~~ inthere ~~proceeds~~was ~~went~~no ~~directly~~preferred to stock outstanding of the Company as ~~working~~of ~~capital~~October 8, 2019.

On ~~September~~ 2May 28, ~~2024~~2020, we consummated the ~~Company~~transactions ~~completed~~contemplated by the ~~issuance~~Share ~~and~~Exchange ~~sales~~Agreement ofamong anthe ~~aggregate~~Company, ofCXJ ~~200,000~~Investment ~~shares~~Group atCompany Limited, a ~~price~~British ofVirgin ~~$0.648~~Islands ~~per~~Corporation ~~share with~~(“CXJ”) ~~each~~and ~~share~~the ~~consisting~~shareholder of ~~one~~CXJ, ~~share~~pursuant ofto ~~the~~which ~~Company’s~~we ~~common~~acquired ~~stock,~~all ~~par~~the ~~value~~ordinary ~~$0.001~~shares ~~per~~of ~~share~~CXJ (in exchange for the ~~“Common~~issuance ~~Stock”)~~to inthe shareholder aof ~~private~~CXJ ~~placement~~of toan ~~Shiguo~~aggregate ~~Wang~~of ~~(the “Purchaser”)~~1,364,800 ~~pursuant~~shares toof the ~~Subscription~~Company. ~~Agreement~~The ~~dated~~shareholder asis ofthe ~~September~~selling 2,security ~~2024 between~~holder ~~the~~in ~~Company~~this prospectus and ~~the~~are ~~Purchaser~~all affiliates. ~~The~~As ~~net~~a ~~proceeds~~result toof the ~~Company~~transactions ~~amounted~~contemplated toby ~~$129,600.~~the ~~The~~Share ~~$129~~Exchange,~~600~~ inCXJ ~~proceeds~~became ~~went~~a ~~directly~~wholly-owned ~~to the~~subsidiary ~~Company~~of asthe ~~working capital~~Company.

~~Note~~On June 14, 2022, the Company completed the issuance 6and sales of an aggregate of 223,500 shares at a price of $0.66 ~~Concentration~~per shares with each share consisting of ~~Risk~~one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”) in a private placement to Minggang Qian (the “Purchaser”), pursuant to the Subscription Agreement dated as of June 9, 2022 between the Company and the Purchaser. The net proceeds to the Company amounted to $147,510. The $147,510 in proceeds went directly to the Company as working capital.

On September 1, 2024, the Company completed the issuance and sales of an aggregate of 160,000 shares at a price of $0.657 per share with each share consisting of one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”) in a private placement to Zhongxin Lei (the “Purchaser”), ~~Major~~pursuant ~~Customers~~to the Subscription Agreement dated as of September 1, 2024 between the Company and the Purchaser. The net proceeds to the Company amounted to $105,128. The $105,128 in proceeds went directly to the Company as working capital.

~~For~~ On September 1, 2024, the ~~three~~Company ~~months~~completed the issuance and ~~six~~sales ~~months~~of ~~ended~~an ~~November~~aggregate 30of 200,000 ~~2024~~shares ~~and~~at ~~2023,~~a ~~there~~price ~~was~~of no$0.675 ~~customers~~per ~~who~~share ~~accounted~~with ~~for~~each ~~10%~~share orconsisting ~~more~~of one share of the Company’s ~~revenue~~common ~~nor~~stock, ~~with~~par ~~significant~~value ~~outstanding~~$0.001 ~~receivables~~per share (the “Common Stock”) in a private placement to Shiguo Wang (the “Purchaser”), pursuant to the Subscription Agreement dated as of September 1, 2024 between the Company and the Purchaser. The net proceeds to the Company amounted to $135,000. The $135,000 in proceeds went directly to the Company as working capital.

19On September 2, 2024, the Company completed the issuance and sales of an aggregate of 200,000 shares at a price of $0.648 per share with each share consisting of one share of the Company’s common stock, par value $0.001 per share (the “Common Stock”) in a private placement to Shiguo Wang (the “Purchaser”), pursuant to the Subscription Agreement dated as of September 2, 2024 between the Company and the Purchaser. The net proceeds to the Company amounted to $129,600. The $129,600 in proceeds went directly to the Company as working capital.

~~(b) Major~~Note ~~Suppliers~~6. Concentration of Risk

~~For the~~(a) ~~three~~Major ~~months and six months ended November 30, 2024 and 2023, the vendors who accounted for 10% or more of the Company’s total purchase are presented as follows:~~Customers

~~Schedule~~For the three months and nine months ended February 28, 2025 and February 29, 2024, there was no customers who accounted for 10% or more of ~~Major~~the ~~Suppliers~~Company’s revenue nor with significant outstanding receivables.

	For The Three Months Ended November 30,				For The Three Months Ended November 30,
	2024		2023		2024			2023
	$		$		%			%
Foshanshi Yuansheng Blue Sea Automobile Technology Service Co., Ltd		32,149		97,513		97	%		16	%
Hubei Shuqi New Technology Co., Ltd		-		157,180		-			21	%
Guangzhou Kashide Car Accessories Co., Ltd		218		7,960		1	%		4	%
Bingzhou Yunfei New Energy Co., Ltd		-		77,003		-			23	%
Total		32,367		339,656		98	%		64	%

	For The Six Months Ended November 30,				For The Six Months Ended November 30,
	2024		2023		2024			2023
	$		$		%			%
Foshanshi Yuansheng Blue Sea Automobile Technology Service Co., Ltd		60,817		162,839		58	%		36	%
Hubei Shuqi New Technology Co., Ltd		-		330,846		-			7	%
Guangzhou Kashide Car Accessories Co., Ltd		452		17,731		1	%		14	%
Bingzhou Yunfei New Energy Co., Ltd		-		77,003		-			14	%
Total		61,269		588,419		59	%		71	%

(b) Major Suppliers

~~Note~~For the three months and nine months ended February 7.28, ~~Account~~2025 ~~Receivables~~and February 29, ~~Net~~2024, the vendors who accounted for 10% or more of the Company’s total purchase are presented as follows:

As Schedule of ~~November~~Major ~~30, 2024 and May 31, 2024, there are no allowance for expected credit loss, our accounts receivables are $58,077 and $59,286 respectively.~~Suppliers

Note 8. Prepayments

	For The Three Months Ended				For The Three Months Ended
	February 28, 2025		February 29, 2024		February 28, 2025		February 29, 2024
	$		$		%		%
Nanjing Xigua Automobile Co., Ltd		-		16,445		-		62	%
Hangzhou Ciyu Car Accessories Co., Ltd.		-		4,773		-		18	%
Total		-		21,218		-		80	%

As of November 30, 2024 and May 31, 2024, prepayments are $327,069 and $325,931 respectively.

	For The Nine Months Ended				For The Nine Months Ended
	February 28, 2025		February 29, 2024		February 28, 2025			February 29, 2024
	$		$		%			%
Foshanshi Yuansheng Blue Sea Automobile Technology Service Co., Ltd		60,817		162,839		59	%		28	%
Hubei Shuqi New Technology Co., Ltd		-		330,846		-			56	%
Bingzhou Yunfei New Energy Co., Ltd		-		77,003		-			13	%
Total		60,817		570,688		59	%		97	%

~~Schedule~~Note of7. ~~Prepayments~~Account Receivables, Net

	November 30, 2024		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Prepayments		327,069		325,931		1,138

As of February 28, 2025 and May 31, 2024, there are no allowance for expected credit loss, our accounts receivables are $57,751 and $59,286 respectively.

~~Prepayments balance~~Note ~~$327,069 consist of advances to suppliers for providing goods and services~~8. As of November 30, 2024 and May 31, 2024, the prepayments balances are $327,069 and $325,931 respectively, as compared that is an increase of $1,138, the increment is mainly due to advances to suppliers for goods and services.Prepayments

~~Note~~As of February 28, 2025 and May 31, 2024, prepayments 9.are ~~Deposits~~$316,197 and ~~Other~~$325,931 ~~Receivables~~respectively.

~~Deposit~~ ~~and other~~Schedule ~~receivables consist~~ of ~~the following as of November 30, 2024 and May 31, 2024:~~Prepayments

Schedule of Deposits and Other Receivables

	February 28, 2025		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Prepayments		316,197		325,931		(9,734	)

	November 30, 2024		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Deposits paid		14,618		13,195		1,423
Other receivables		10,152		13,813		(3,661	)
Total		24,770		27,008		(2,238	)

Prepayments balance $316,197 consist of advances to suppliers for providing goods and services. As of February 28, 2025 and May 31, 2024, the prepayments balances are $316,197 and $325,931 respectively, as compared that is a decrease of $9,734, the decrement is mainly due to advances to suppliers for goods and services.

~~Deposits balance~~Note ~~$14,618~~9. isDeposits ~~deposits paid to landlord for renting office~~ and ~~warehouse.~~ Other ~~receivables balance $10,152 is the advances to staff for business conference and function, travelling expenses and office expenses.~~Receivables

~~As of~~Deposit ~~November 30, 2024~~ and ~~May 31, 2024, the deposit and~~ other receivables ~~balances~~consist ~~are~~of ~~$24,770~~the ~~and $27,008 respectively,~~ following as ~~compared that is a decrease~~ of ~~$2,238.~~February ~~The decrement is mainly due to decrease in staff advance $3~~28,~~661~~ 2025 and ~~offset~~May ~~increase in deposit $1~~31,~~423.~~ 2024:

20 Schedule of Deposits and Other Receivables

Note 10. Property and Equipment

	February 28, 2025		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Deposits paid		14,538		13,195		1,343
Other receivables		10,748		13,813		(3,065	)
Total		25,286		27,008		(1,722	)

~~Property and~~Deposits ~~equipment~~balance ~~are~~$14,538 ~~recorded~~is atdeposits ~~cost.~~paid ~~Depreciation~~to islandlord for ~~computed~~renting ~~using~~office ~~the~~and ~~straight-line~~warehouse. ~~method~~Other ~~over~~receivables ~~estimated~~balance ~~useful~~$10,748 ~~lives~~is ofthe ~~three~~advances to ~~five~~staff for business conference and function, travelling ~~years~~expenses and office expenses.

~~Property~~As of February 28, 2025 and May 31, 2024, the deposit and ~~equipment~~other ~~consist~~receivables balances are $25,286 and $27,008 respectively, as compared that is a decrease of ~~the~~$1,722. ~~following:~~The decrement is mainly due to decrease in staff advance $3,065 and offset increase in deposit $1,343.

~~Schedule of Property and Equipment~~20

	November 30, 2024			May 31, 2024
	(unaudited)			(audited)
	$			$
Property and Equipment		9,071			9,071
Less: Accumulated depreciation		(5,115	)		(4,003	)
Foreign translation difference		(110	)		(120	)
Total property and equipment, net		3,846			4,948

Note 10. Property and Equipment

~~Note 11~~Property and equipment are recorded at cost. Depreciation ~~Intangible~~is ~~Assets~~computed using the straight-line method over estimated useful lives of 3 three to five years.

~~The intangible~~Property ~~assets consist of costs incurred to develop the software~~ and ~~purchased~~equipment ~~patents~~consist ~~for business operations. In October 2022, Lixin Cai increased the share capital~~ of ~~HZ CXJ to $1,406,470 (or RMB10,000,000) by capitalization of purchased patents. The developed cost of software $1,592 is capitalized during~~ the ~~period ended November 30, 2024.~~following:

As Schedule of ~~November~~Property ~~30, 2024, the intangible assets were impaired due to no projected undiscounted cash flow in future. The intangible assets balances are $0 for both the period ended November 30, 2024~~ and ~~May 31, 2024. The impairment loss incurred during the period ended November 30, 2024 is $1,597.~~Equipment

Schedule of Intangible Assets

	February 28, 2025			May 31, 2024
	(unaudited)			(audited)
	$			$
Property and Equipment		9,071			9,071
Less: Accumulated depreciation		(5,646	)		(4,003	)
Foreign translation difference		(131	)		(120	)
Total property and equipment, net		3,294			4,948

	November 30, 2024			May 31, 2024
	(unaudited)			(audited)
	$			$
Purchased patents and developed software		1,406,470			1,406,470
Add: Capitalization of software		1,592			-
Less: Accumulated amortization		(235,175	)		(235,175	)
Less: Accumulated impairment of intangible assets		(1,157,399	)		(1,155,802	)
Foreign translation difference		(15,488	)		(15,493	)
Total purchased patents and developed software, net		-			-

Note 11. Intangible Assets

~~Note~~The intangible assets consist of costs incurred to ~~12.~~develop ~~Business~~the ~~Combination~~software and ~~Goodwill~~purchased patents for business operations. In October 2022, Lixin Cai increased the share capital of HZ CXJ to $1,406,470 (or RMB10,000,000) by capitalization of purchased patents.

~~On May~~The ~~28,~~intangible ~~2020,~~assets ~~ECXJ~~balances ~~completed the acquisition of 100% equity interest of HZ CXJ. The Company~~ are ~~an automobile aftermarket products wholesaler, as well as an auto detailing store consultancy company in Hangzhou City, Zhejiang Province through this acquisition. The purchase consideration is~~ $~~4,094,453,~~0 ~~consists~~for ofboth ~~1,364,800 shares of~~ the ~~Company’s common stock issued to HZ CXJ’s original owner fair valued at~~ ~~the~~period ~~acquisition~~ended ~~date.~~February ~~These~~28, ~~shares~~2025 ~~were~~and ~~issued on~~ May 2831, ~~2020~~2024. The ~~Company~~impairment ~~accounted~~loss ~~for~~incurred ~~the~~during ~~acquisition using~~ the ~~purchase~~period ~~method~~ended ~~of accounting~~February ~~for~~28, ~~business~~2025 ~~combination~~is ~~under ASC 805~~$3,180. ~~The total purchase price was allocated to the tangible and identifiable intangible assets acquired and liabilities based on their estimated fair values as of the acquisition date.~~

21 Schedule of Intangible Assets

The determination of fair values involves the use of significant judgment and estimates and in the case of HZ CXJ, this is with specific reference to acquired intangible asset. The judgments used to determine the estimated fair value assigned to assets acquired and liabilities assumed, as well as the intangible asset life and the expected future cash flows and related discount rate, can materially impact the Company’s consolidated financial statements. Significant inputs and assumptions used for the model included the amount and timing of expected future cash flows and discount rate. The Company utilized the assistance of a third-party valuation appraiser to determine the fair value as of the date of acquisition.

	February 28, 2025			May 31, 2024
	(unaudited)			(audited)
	$			$
Purchased patents and developed software		1,406,470			1,406,470
Add: Capitalization of software		3,175			-
Less: Accumulated amortization		(235,175	)		(235,175	)
Less: Accumulated impairment of intangible assets		(1,158,982	)		(1,155,802	)
Foreign translation difference		(15,488	)		(15,493	)
Total purchased patents and developed software, net		-			-

~~The purchase~~Note ~~price~~12. ~~was~~Business ~~allocated~~Combination onand ~~the acquisition date of HZ CXJ as follows:~~Goodwill

~~Schedule~~On May 28, 2020, ECXJ completed the acquisition of 100% ~~Purchase~~equity ~~Price~~interest ~~Allocated~~of HZ CXJ. The Company are an automobile aftermarket products wholesaler, as well as an auto detailing store consultancy company in Hangzhou City, Zhejiang Province through this acquisition. The purchase consideration is $4,094,453, consists of 1,364,800 shares of the Company’s common stock issued to HZ CXJ’s original owner fair valued at the acquisition date. These shares were issued on ~~Acquisition~~May 28, 2020. The Company accounted for the acquisition using the purchase method of accounting for business combination under ASC 805. The total purchase price was allocated to the tangible and identifiable intangible assets acquired and liabilities based on their estimated fair values as of the acquisition date.

	As of May 28, 2020
	$
Cash at banks and in hand		15,588
Trade receivables		70,423
Inventory on hand		124,658
Prepayments, other receivables and deposits		2,517,125
Due from a related party		1,282
Due to directors		119,405
Due from a shareholder		51,599
Due from a related party
Operating lease right-of-use assets		189,604
Total assets		3,089,684

	$
Account Payable		(156,955	)
Advanced Receipts		(368,777	)
Accrued liabilities, other payable and deposits received		(3,007,879	)
Due to a related company		(2,000	)
Due to related parties		(29,932	)
Due to directors		(42	)
Operating lease liabilities, net of current portion		(80,882	)
Operating lease liabilities, non-current portion		(111,779	)
Total liabilities		(3,758,246	)
Net tangible liabilities		(668,562	)
Goodwill		4,763,015
Total purchase price		4,094,453

	$
Consideration in form of shares		4,094,453
Total consideration		4,094,453

The purchase price was allocated on the acquisition date of HZ CXJ as follows:

22 Schedule of Purchase Price Allocated on Acquisition

Goodwill is tested for impairment annually as of the first day of fiscal May or more frequently when events or changes in circumstances indicate that impairment may have occurred. The Company performed its fourth quarter 2024 annual goodwill impairment test using a quantitative assessment for its HZ CXJ reporting unit. The quantitative assessment for HZ CXJ reporting unit indicated that its carrying amount exceeded its fair value, and resulted in an impairment charge of $1,049,984 in the fourth quarter of 2024. This non-cash impairment charge is presented within the General & Administrative Expenses line for 2024 in the accompanying Consolidated Statements of Operations. As at November 30, 2024, the goodwill balance is $1,742,577.

	As of May 28, 2020
	$
Cash at banks and in hand		15,588
Trade receivables		70,423
Inventory on hand		124,658
Prepayments, other receivables and deposits		2,517,125
Due from a related party		1,282
Due to directors		119,405
Due from a shareholder		51,599
Operating lease right-of-use assets		189,604
Total assets		3,089,684

The fair value estimate for the HZ CXJ reporting unit was based on a blended analysis of the present value of future discounted cash flows and market value approach. The significant estimates used in the discounted cash flow model included the Company’s weighted average cost of capital, projected cash flows and the long-term rate of growth. Significant estimates in the market approach model included identifying similar companies with comparable business factors such as size, growth, profitability, risk and return on investment and assessing comparable revenue and earnings multiples in estimating the fair value of the reporting unit.

	$
Account Payable		(156,955	)
Advanced Receipts		(368,777	)
Accrued liabilities, other payable and deposits received		(3,007,879	)
Due to a related company		(2,000	)
Due to related parties		(29,932	)
Due to directors		(42	)
Operating lease liabilities, net of current portion		(80,882	)
Operating lease liabilities, non-current portion		(111,779	)
Total liabilities		(3,758,246	)

Net tangible liabilities		(668,562	)
Goodwill		4,763,015
Total purchase price		4,094,453

The decline in the fair value of the HZ CXJ’s reporting unit has mainly resulted from changes to its projected revenue growth rates and timeline, which were finalized during the Company’s annual long-term planning process in the fourth quarter of 2024. The HZ CXJ reporting unit has been in operation since June 2019, therefore the Company has less experience estimating the operating performance of this reporting unit. The Company’s expected revenue increase has been slower than anticipated due to the time required to ramp up activity for new customers. In addition, during its long-term planning process performed, the Company made adjustments to reduce its forecasted spend on HZ CXJ in 2025 and beyond, which further impacted expected revenue growth rates and their timing. These changes in critical assumptions related to the reporting unit resulted in a reduction in its estimated fair value.

	$
Consideration in form of shares		4,094,453
Total consideration		4,094,453

The Company will continue to evaluate the recoverability of goodwill at the reporting unit level on an annual basis and whenever events or changes in circumstances indicate there may be a potential impairment. If the operating results of the Company’s reporting units deteriorate in the future, it may cause the fair value of one or more of the reporting units to fall below their carrying value, resulting in additional goodwill impairment charges.22

~~The goodwill~~Goodwill ~~value~~is ~~$4,763,015~~tested isfor ~~occurred~~impairment onannually as of the first ~~acquisition~~day of fiscal May or more frequently when events or changes in circumstances indicate that impairment may have occurred. The ~~impairment~~Company performed ~~loss~~its onfourth ~~goodwill~~quarter of2024 ~~$1,049,984~~annual ~~and~~goodwill ~~$641,050,~~impairment ~~were~~test ~~recognized during~~using ~~the~~a ~~year~~quantitative ~~ended~~assessment ~~May~~for ~~31,~~its ~~2024~~HZ ~~and~~CXJ ~~2023~~reporting ~~respectively~~unit. The ~~impairment~~quantitative assessment ~~loss~~for onHZ ~~goodwill~~CXJ ofreporting $0unit indicated that its carrying amount exceeded its fair value, and resulted in an impairment charge of $01,049,984 ~~were~~in ~~recognized~~the ~~during~~fourth quarter of 2024. This non-cash impairment charge is presented within the ~~three months~~General ~~period~~& ~~ended~~Administrative ~~November~~Expenses line ~~30,~~for 2024 ~~and~~in ~~2023~~the ~~respectively~~accompanying Consolidated Statements of Operations. As ofat ~~November~~February 3028, ~~2024~~2025, the ~~balance of~~ goodwill balance is $1,742,577.

~~During the~~The ~~annual~~fair ~~impairment~~value ~~assessment,~~estimate afor ~~quantitative~~the ~~assessment~~HZ CXJ reporting unit was ~~conducted,~~based ~~which~~on ~~involved~~a ~~estimating~~blended analysis of the ~~fair~~present value of future discounted cash flows and market value approach. The significant estimates used in the ~~reporting~~discounted cash flow model included the Company’s weighted average cost of capital, projected cash flows and the long-term ~~unit~~rate ~~using~~of growth. Significant estimates in the ~~income~~market approach model included identifying similar companies with comparable business factors such as size, growth, profitability, risk and return on investment and assessing comparable revenue and earnings multiples in estimating the fair value of the reporting unit.

~~Key~~The decline in the fair value of the HZ CXJ’s ~~assumptions~~reporting unit has mainly resulted from changes to its projected revenue growth rates and timeline, which were finalized during the Company’s annual long-term planning process in the ~~quantitative~~fourth ~~assessment~~quarter ~~included:~~of 2024. The HZ CXJ reporting unit has been in operation since June 2019, therefore the Company has less experience estimating the operating performance of this reporting unit. The Company’s expected revenue increase has been slower than anticipated due to the time required to ramp up activity for new customers. In addition, during its long-term planning process performed, the Company made adjustments to reduce its forecasted spend on HZ CXJ in 2025 and beyond, which further impacted expected revenue growth rates and their timing. These changes in critical assumptions related to the reporting unit resulted in a reduction in its estimated fair value.

~~(i)~~The Company will continue to evaluate the recoverability ~~Discount~~of ~~rate:~~goodwill ~~16%~~at the reporting unit level on an annual basis and whenever events or changes in circumstances indicate there may be a potential impairment. If the operating results of the Company’s reporting units deteriorate in the future, it may cause the fair value of one or more of the reporting units to fall below their carrying value, resulting in additional goodwill impairment charges.

~~(ii)~~The goodwill value $4,763,015 is occurred on the acquisition. ~~Projected~~The ~~sales~~impairment ~~and~~loss ~~cost~~on goodwill of ~~sales:~~$1,049,984 ~~Based~~and on$641,050, awere ~~five-~~recognized during the year ~~forecast.~~ended ~~Total~~May ~~sales~~31, 2024 and ~~cost~~2023 respectively. The impairment loss on goodwill of ~~sales~~$0 ~~are~~and ~~linked~~$0, towere recognized during the ~~additional~~three ~~stores~~months inperiod ended February 28, 2025 and February 29, ~~operations~~2024 ~~for~~respectively. ~~each~~As ~~year~~of inFebruary 28, 2025, the ~~forecasted~~balance ~~period~~of goodwill is $1,742,577.

~~(iii)~~During the annual impairment assessment, a quantitative ~~Terminal~~assessment ~~growth~~was ~~rate:~~conducted, 2%which involved estimating the fair value of the reporting unit using the income approach.

~~(iv) Inflation~~Key ~~rate:~~assumptions 2%in the quantitative assessment included:

~~The use~~(i) ofDiscount ~~the estimates in the quantitative assessment are highly judgmental and actual results may differ significantly from what is currently~~rate: assessed. Accordingly, fluctuations in any of the key attributes may result in a significant change in the projected cashflows underlying the quantitative assessment, which could have a material impact on the assessed values of goodwill.16%

23(ii) Projected sales and cost of sales: Based on a five-year forecast. Total sales and cost of sales are linked to the additional stores in operations for each year in the forecasted period.

~~The~~(iii) Terminal ~~summary~~growth ~~of impairment loss on goodwill is as below~~rate: 2%

~~Schedule~~(iv) ofInflation rate: ~~Impaired Loss on Goodwill~~2%

	$
Goodwill as of May 31, 2020		4,763,015
Impaired goodwill written off - May 31, 2021		(322,972	)
Goodwill as of May 31, 2021		4,440,043
Impaired goodwill written off - May 31, 2022		(1,006,432	)
Goodwill as of May 31, 2022		3,433,611
Impaired goodwill written off - May 31, 2023		(641,050	)
Goodwill as of May 31, 2023		2,792,561
Impaired goodwill written off - May 31, 2024		(1,049,984	)
Goodwill as of May 31, 2024		1,742,577

The use of the estimates in the quantitative assessment are highly judgmental and actual results may differ significantly from what is currently assessed. Accordingly, fluctuations in any of the key attributes may result in a significant change in the projected cashflows underlying the quantitative assessment, which could have a material impact on the assessed values of goodwill.

~~Disposal of subsidiary~~23

~~On August~~The 1,summary ~~2023, HZ CXJ disposed 51%~~ of ~~its~~impairment ~~equity~~loss ~~interest~~on ofgoodwill ~~Xishijie~~is ~~Automobile Industry Ecology Technology Co., Ltd (formerly known~~ as ~~Shenzhen Lanbei Ecological Technology Co., Ltd) with the purchase consideration RMB1 in cash.~~below:

~~The purchase~~ Schedule ~~price~~of ~~was~~Impaired ~~allocated~~Loss on ~~the disposal date of Xishijie Automobile Industry Ecology Technology Co., Ltd (formerly known as Shenzhen Lanbei Ecological Technology Co., Ltd) as follow:~~Goodwill

Schedule of Purchase Price Allocated on Acquisition

	$
Goodwill as of May 31, 2020		4,763,015
Impaired goodwill written off - May 31, 2021		(322,972	)
Goodwill as of May 31, 2021		4,440,043
Impaired goodwill written off - May 31, 2022		(1,006,432	)
Goodwill as of May 31, 2022		3,433,611
Impaired goodwill written off - May 31, 2023		(641,050	)
Goodwill as of May 31, 2023		2,792,561
Impaired goodwill written off - May 31, 2024		(1,049,984	)
Goodwill as of May 31, 2024		1,742,577

	As of August 1, 2023
	$
Cash at banks and in hand		2,804
Trade receivables		5,086
Inventory on hand		43,907
Prepayments, other receivables and deposits		28,993
Due from a related party		0
Operating lease right-of-use assets		4,135
Total assets		84,925

Disposal of subsidiary

	$
Account Payables	(10,589	)
Accrued liabilities, other payables and deposits received	(15,656	)
Due to a related company	(11,157	)
Operating lease liabilities, net of current portion	(4,135	)
Total liabilities	(41,537	)
Net tangible assets	43,388
Share of 49% of non-controlling interest	21,260
51% of equity interest	22,128
Other comprehensive income	3,101
Loss on disposal	25,229
Total purchase price	-

On August 1, 2023, HZ CXJ disposed 51% of its equity interest of Xishijie Automobile Industry Ecology Technology Co., Ltd (formerly known as Shenzhen Lanbei Ecological Technology Co., Ltd) with the purchase consideration RMB1 in cash.

The ~~loss~~ onpurchase ~~disposal~~price ~~$25,229~~was isallocated ~~occurred~~ on the disposal ~~during~~date of ~~the~~Xishijie ~~year~~Automobile ~~ended~~Industry ~~May~~Ecology 31Technology Co., ~~2024~~Ltd (formerly known as Shenzhen Lanbei Ecological Technology Co., Ltd) as follow:

24 Schedule of Purchase Price Allocated on Acquisition

Note 13. Income Taxes

	As of August 1, 2023
	$
Cash at banks and in hand		2,804
Trade receivables		5,086
Inventory on hand		43,907
Prepayments, other receivables and deposits		28,993
Due from a related party		0
Operating lease right-of-use assets		4,135
Total assets		84,925

United States

	$
Account Payables		(10,589	)
Accrued liabilities, other payables and deposits received		(15,656	)
Due to a related company		(11,157	)
Operating lease liabilities, net of current portion		(4,135	)
Total liabilities		(41,537	)

Net tangible assets		43,388
Share of 49% of non-controlling interest		21,260
51% of equity interest		22,128
Other comprehensive income		3,101
Loss on disposal		25,229
Total purchase price		-

~~Under the~~The ~~current~~loss ~~tax~~on ~~laws~~disposal ~~of United States~~$25,229 ~~the~~is ~~Company~~occurred ~~and its subsidiaries are not subject to tax~~ on ~~their~~the ~~income or capital gains. In addition,~~disposal ~~upon~~during ~~of dividends by~~ the ~~Company~~year toended ~~its~~May ~~shareholders~~31, ~~no United States withholding tax will be imposed~~2024.

~~British Virgin Island~~24

~~Under the~~Note ~~current tax laws of British Virgin Island, the Company and its subsidiaries are not subject to tax on their income or capital gains~~13. In ~~addition,~~Income ~~upon of dividends by the Company to its shareholders, no British Virgin Island withholding tax will be imposed.~~Taxes

~~Hong Kong~~United States

~~From year~~Under ofthe ~~assessment~~current tax laws of ~~2018/2019~~United ~~onwards~~States, ~~Hong~~the ~~Kong~~Company and ~~profit~~its ~~tax~~subsidiaries ~~rates~~ are ~~8.25%~~not onsubject ~~assessable profits up~~ to ~~HK$2,000,000~~tax ~~(approximately $289,855), and 16.5%~~ on ~~any~~their ~~part~~income ofor ~~assessable~~capital ~~profits over HK$2,000,000~~gains. ~~For~~In ~~the years ended May 31~~addition, ~~2022~~upon ~~and~~of ~~2021,~~dividends by the Company ~~did not~~to ~~have~~its ~~any assessable profits arising in or derived from Hong Kong~~shareholders, ~~therefore~~ no ~~provision~~United ~~for~~States ~~Hong~~withholding ~~Kong profits~~ tax ~~was~~will ~~made~~be ~~in the year~~imposed.

~~P.R.C China~~British Virgin Island

~~The China~~Under ~~Corporate~~the ~~Income~~current ~~Tax~~tax ~~Law~~laws ~~(“CIT~~of ~~Law”)~~British ~~became~~Virgin ~~effective on January 1~~Island, ~~2008. Under~~ the ~~CIT~~Company ~~Law,~~and ~~China’s~~its ~~dual~~subsidiaries ~~tax system~~are ~~for~~not ~~domestic~~subject ~~enterprises~~to ~~and~~tax ~~foreign~~on ~~investment~~their ~~enterprises~~income ~~(“FIEs”)~~or ~~was~~capital ~~effectively replaced by a unified system~~gains. ~~The~~ ~~new~~In ~~law~~addition, ~~establishes~~upon ~~a tax rate~~ of ~~25%~~dividends ~~for~~by ~~most~~the ~~enterprises. The~~ Company’s to ~~VIE~~its ~~through~~shareholders, ~~which~~no ~~the~~British ~~majority~~Virgin ofIsland ~~our~~withholding ~~business~~tax ~~in China~~will isbe ~~applicable to this tax rate~~imposed.

~~The following~~Hong ~~table reconciles the PRC statutory rates to the Company’s effective tax rate for the three months ended November 30, 2024 and November 30, 2023, respectively:~~Kong

~~Schedule~~From year of ~~Reconciles~~assessment ~~the~~of ~~PRC~~2018/2019 ~~Statutory~~onwards, ~~Rates~~Hong Kong profit tax rates are 8.25% on assessable profits up to HK$2,000,000 (approximately $289,855), and 16.5% on any part of assessable profits over HK$2,000,000. For the years ended May 31, 2022 and 2021, the Company’s ~~Effective~~did ~~Tax~~not ~~Rate~~have any assessable profits arising in or derived from Hong Kong, therefore no provision for Hong Kong profits tax was made in the year.

	For the three months ended November 30, 2024			For the three months ended November 30, 2023
PRC statutory rate		25	%		25	%
Net operating losses for which no deferred tax assets were recognized		(25	)%		(25	)%
The Company’s expense is out of limit than that of PRC statutory tax policy allowed		16.5	%		16.5	%
Effective income tax rate		16.5	%		16.5	%

P.R.C China

The China Corporate Income Tax Law (“CIT Law”) ~~tax~~became ~~expense~~effective ~~for~~on January 1, 2008. Under the ~~three~~CIT ~~months~~Law, ~~and~~China’s ~~six~~dual ~~months~~tax ~~ended~~system ~~November~~for ~~30,~~domestic ~~2024~~enterprises and ~~November~~foreign ~~30,~~investment enterprises ~~2023,~~(“FIEs”) ~~respectively~~was ~~are~~effectively asreplaced ~~follows:~~by a unified system. The new law establishes a tax rate of 25% for most enterprises. The Company’s VIE through which the majority of our business in China is applicable to this tax rate

~~Schedule~~The offollowing ~~Income~~table ~~Tax~~reconciles ~~Expense~~the PRC statutory rates to the Company’s effective tax rate for the three months ended February 28, 2025 and February 29, 2024, respectively:

	2024		2023
	For The Three Months Ended November 30,
	2024		2023
	$		$
Current		-		-
Deferred		37,017		-
Income tax expense		37,017		-

	2024			2023
	For the three months ended February 28, 2025			For the three months ended February 29, 2024
	For The Six Months Ended November 30,
PRC statutory rate		25	%		25	%
	2024			2023
Net operating losses for which no deferred tax assets were recognized		(25	)%		(25	)%
	$			$
The Company’s expense is out of limit than that of PRC statutory tax policy allowed		16.5	%		16.5	%
Current		(2,263	)		-
Effective income tax rate		16.5	%		16.5	%
Deferred		37,017			-
Income tax expense		34,754			-

Income tax expense ~~$34,754~~for isthe ~~included~~three ~~income~~months ~~tax~~and ~~income~~nine $2months ended February 28,~~263~~ 2025 and ~~deferred~~February ~~income~~29, ~~tax~~2024, ~~expense~~respectively ~~$37,017.~~are as follows:

~~Income tax~~ Schedule ~~income~~of ~~$2,263 included income tax refund $3,475 from previous year and tax expenses $1,212 for the period ended August 31, 2024.~~ Income ~~tax~~Tax ~~expense $37,017 is the deferred income tax expense for the year ended May 31, 2022.~~Expense

	February 28, 2025		February 29, 2024
	For The Three Months Ended
	February 28, 2025		February 29, 2024
	$		$
Current		-		5,227
Tax refund
Deferred		-		-
Income tax expense		-		5,227

Note 14. Accounts Payable

	February 28, 2025			February 29, 2024
	For The Nine Months Ended
	February 28, 2025			February 29, 2024
	$			$
Current		1,212			5,227
Tax refund		(3,475	)		-
Deferred		37,017			-
Income tax expense		34,754			5,227

~~Accounts~~Income tax expense $34,754 is included income tax ~~payable~~refund ~~consists~~$3,475 offrom previous year, income tax expenses $1,212 for the ~~following:~~period ended August 31, 2024 and income tax expenses $37,017 for the year ended May 31, 2022.

~~Schedule of Accounts Payable~~25

	November 30, 2024		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Accounts Payable		100,307		78,545		21,762

Note 14. Accounts Payable

~~The account~~Accounts payable ~~balance~~consists of ~~$100,307~~the ~~includes payable to vendors for motor oil and auto parts.~~following:

~~Note 15.~~ Schedule ~~Advanced~~of ~~Received~~Accounts Payable

Advanced received consists of the following:

	February 28, 2025		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Accounts Payable		99,756		78,545		21,211

~~Schedule~~The account payable balance of ~~Advance~~$99,756 ~~Received~~includes payable to vendors for motor oil and auto parts.

	November 30, 2024		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Advanced Received		677,520		607,617		69,903

Note 15. Advanced Received

Advanced received ~~balance $677,520~~ consists of ~~advances~~the ~~from customer for brand name administrative fees $353,140 and providing of goods and services $324,380.~~following:

~~As of~~ Schedule ~~November 30, 2024 and May 31, 2024, the advance received are $677,520 and $607,617 respectively, as compared that is an increase~~ of ~~$69,903.~~ ~~The~~Advance ~~increment is mainly due to increase in advanced received of brand name administrative fees $142,588 and offset decrease of goods and services $72,685.~~Received

Note 16. Accrued Expenses, Deposit Received and Other Payables

	February 28, 2025		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Advance Received		679,485		607,617		71,868

~~Accrued expenses~~Advanced received balance $679,485 ~~deposit~~consists ~~received~~of ~~and~~advances from ~~other~~customer ~~payables~~for ~~consist~~brand name administrative fees $293,645 and providing of ~~the~~goods ~~following:~~and services $385,840.

~~Schedule~~As of ~~Accrued~~February ~~Expenses~~28, ~~Deposit~~2025 ~~Received~~and May 31, 2024, the advance received are $679,485 and ~~Other~~$607,617 ~~Payable~~respectively, as compared that is an increase of $71,868. The increment is mainly due to increase in advanced received of brand name administrative fees $83,093 and offset decrease of goods and services $11,225.

	November 30, 2024		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Accrued Expenses		459,365		531,071		(71,706	)
Deposit Received		66,989		66,989		-
Other Payables		112,431		340,038		(227,607	)
Total		638,785		938,098		(299,313	)

Note 16. Accrued Expenses, Deposit Received and Other Payables

Accrued ~~expenses~~ ~~balance $459~~expenses,~~365~~ ~~consists~~deposit ~~payroll~~received ~~related costs, legal fee, audit fee~~ and ~~VAT~~other ~~payable. Deposit received balance $66,989 is the~~payables ~~warranty~~consist ~~for usage~~ of ~~brand name. Other payables balance $112,431 includes~~ the ~~provision $82,873 for business dispute with a customer in the year 2020, short term borrowing from third party $20,580 and $8,978 is the refundable intention fees.~~following:

~~As of~~ Schedule ~~November 30, 2024 and May 31, 2024, the accrued expenses, deposit received and other payables balances are $638,785 and $938,098 respectively, as compared that is a decrease~~ of ~~$299,313.~~Accrued ~~The decrement is mainly due to short term borrowing from third party $227~~Expenses,~~607~~ ~~and~~Deposit ~~accrued expenses~~Received ~~$71,706 for consultancy fee, audit fee~~ and ~~payroll~~Other ~~related costs and.~~Payable

	February 28, 2025		May 31, 2024		Increase/
	(unaudited)		(audited)		(Decrease)
	$		$		$
Accrued Expenses		498,431		531,071		(32,640	)
Deposit Received		66,621		66,989		(368	)
Other Payable		116,146		340,038		(223,892	)
Total		681,198		938,098		(256,900	)

~~Note~~Accrued expenses balance $498,431 consists payroll 17related costs, legal fee, audit fee and VAT payable. ~~Related~~Deposit ~~Party~~received ~~Transaction~~balance $66,621 is the warranty for usage of brand name. Other payables balance $116,146 includes the provision $82,417 for business dispute with a customer in the year 2020, short term borrowing from third party $25,487 and $8,242 is the refundable intention fees.

~~Amounts due~~As ~~from related parties as~~ of ~~November~~February 3028, ~~2024~~2025 and May 31, 2024, the accrued expenses, deposit received and other payables balances are $681,198 and $938,098 respectively, as ~~follows:~~compared that is a decrease of $256,900. The decrement is mainly due to short term borrowing from third party $219,641, refundable intention fee $4,251, accrued expenses $32,640 for consultancy fee, audit fee and payroll related costs and deposit received $368.

~~Schedule of Related Party Transaction~~26

~~Amounts due~~Note ~~from~~17. ~~related~~Related ~~parties~~Party Transaction

	Relationship with the Company	November 30, 2024		May 31, 2024
		(unaudited)		(audited)
		$		$
New Charles Technology Group Limited	Controlled by Lixin Cai		300		300
Hangzhou Xieli Internet Technology Co., Ltd	Controlled by Cuiyao Luo		81,603		59,669
Total			81,903		59,969

Amounts due from related parties as of February 28, 2025 and May 31, 2024 are as follows:

~~As of~~ Schedule ~~November 30, 2024, the Company paid expenses $300 on behalf~~ of ~~New~~Related ~~Charles~~Party Technology Group Limited and advanced a short term loan $81,603 to Hangzhou Xielie Internet Technology Co., Limited to pay administrative expenses, which is unsecured, interest-free and repayable on demand.Transaction

Amounts due tofrom a related ~~party~~parties

	Relationship with the Company	~~November~~February 3028, ~~2024~~2025		May 31, 2024
		(unaudited)		(audited)
		$		$
Cuiyao Luo	CFO & major shareholder		330,892		284,222
New Charles Technology Group Limited	Controlled by Lixin Cai		300		300
Hangzhou Xieli Internet Technology Co., Ltd	Controlled by Cuiyao Luo		81,155		59,669
Total			81,455		59,969

As of ~~November~~February 3028, ~~2024~~2025, ~~Cuiyao~~the ~~Luo~~Company paid expenses $300 on behalf of New Charles Technology Group Limited and advanced $~~330~~81,~~892~~155 to ~~the~~Hangzhou ~~company~~Xielie asInternet ~~working~~Technology ~~capital~~Co., ~~and~~Limited for one year to pay administrative expenses, which is unsecured, interest-free and ~~payable~~repayable on demand ~~for working capital purpose~~.

~~Note 18.~~Amounts ~~Amount~~due ~~Due~~to Toa Arelated ~~Director~~party

Amount due to a director as of November 30, 2024 and May 31, 2024 are as follows:

`	Relationship with the Company	February 28, 2025		May 31, 2024
		(unaudited)		(audited)
		$		$
Cuiyao Luo	CFO & major shareholder		330,892		284,222

~~Schedule~~ As of ~~Amount~~February ~~Due~~28, To2025, ~~Director~~Cuiyao Luo advanced $330,892 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free and payable on demand for working capital purpose.

	Relationship with the Company	November 30, 2024		May 31, 2024
		(unaudited)		(audited)
		$		$
Rudong Shi	Director		9,530		9,530

Note 18. Amount Due To A Director

~~As of~~Amount ~~November~~due ~~30, 2024, Rudong Shi advanced $9,530~~ to ~~the~~a ~~company~~director as ~~working~~of ~~capital~~February ~~and to pay administrative expenses~~28, ~~which~~2025 isand May ~~unsecured~~31, ~~interest-free~~ ~~and~~2024 ~~payable~~are onas ~~demand for working capital purpose.~~follows:

~~Note~~ Schedule ~~19.~~of ~~Operating~~Amount ~~Lease~~Due To Director

The Company has operating leases for its office facilities and warehouse. Leases with an initial term of 12 months or less are not recorded on the balance sheet; the Company recognizes lease expense for these leases on a straight-line basis over the lease term.

	Relationship with the Company	February 28, 2025		May 31, 2024
		(unaudited)		(audited)
		$		$
Rudong Shi	Director		9,478		9,530

~~The following~~As ~~table~~of ~~provides~~February a28, ~~summary~~2025, ofRudong ~~leases~~Shi advanced $9,478 to the company as ofworking ~~November~~capital 30and to pay administrative expenses, ~~2024~~which is unsecured, interest-free and ~~May~~payable ~~31,~~on ~~2024:~~demand for working capital purpose.

~~Summary~~Note of19. Operating ~~Leases Assets and Liabilities~~Lease

Assets/liabilities	Classification	November 30, 2024 $		May 31, 2024 $
Assets
Operating lease right-of-use assets	Operating lease assets		46,264		72,178
Liabilities
Current
Operating lease liabilities – current	Current operating lease liabilities		46,501		61,640
Long-term
Operating lease liabilities – net of current portion	Long-term operating lease liabilities		-		10,809
Total lease liabilities			46,501		72,449

27The following table provides a summary of leases as of February 28, 2025 and May 31, 2024:

~~The operating~~ Summary ~~lease~~of ~~expense~~Operating ~~for~~Leases ~~the~~Assets ~~six months ended November 30, 2024~~ and ~~2023 were as follows:~~Liabilities

Schedule of Operating Lease Expense

Assets/liabilities	Classification	February 28, 2025 $		May 31, 2024 $
Assets
Operating lease right-of-use assets	Operating lease assets		31,492		72,178

Liabilities
Current
Operating lease liability - current	Current operating lease liabilities		32,123		61,640

Long-term
Operating lease liability – net of current portion	Long-term operating lease liabilities		-		10,809

Total lease liabilities			32,123		72,449

		Six Months Ended
Lease cost	Classification	November 30, 2024		November 30, 2023
		$		$
Operating lease cost	General and administrative expenses		40,287		31,907

~~Maturities of~~The operating lease ~~liabilities~~expense asfor ofthe ~~November~~nine 30months ended February 28, 2025 and February 29, 2024 were as follows:

Schedule of ~~Maturities of~~ Operating Lease ~~Liabilities~~Expense

Maturity of Lease Liabilities	Operating Leases $
			Nine Months Ended
Remaining of 2025		47,005
Lease cost	Classification		February 28, 2025		February 29, 2024
2026		315
			$		$
2027		-
Operating lease cost	General and administrative expenses			59,167		52,970
Total lease payments		47,320
Less: interest		(819	)
Present value of lease payments		46,501

Maturities of operating lease liabilities as of ~~May 31~~February 28, ~~2024,~~2025 were as follows:

Maturity of Lease Liabilities	Operating Leases $
Remaining of 2025		63,675
2026		10,881
2027		-
Total lease payments		74,556
Less: interest		(2,107	)
Present value of lease payments		72,449

Supplemental information related to operating leases was as follows:

Maturity of Lease Liabilities	Operating Leases $
Remaining of 2025		32,203
2026		313
2027		-
Total lease payments		32,516
Less: interest		(393	)
Present value of lease payments		32,123

~~Schedule~~Maturities of ~~Supplemental~~operating ~~Information~~lease liabilities as of May 31, 2024, were as follows:

	Three Months Ended
Maturity of Lease Liabilities	Operating Leases $
	November 30, 2024			November 30, 2023
Remaining of 2025		63,675
	$			$
2026		10,881
Cash paid for amounts included in the measurement of lease liabilities		18,540			19,323
2027		-
Weighted average remaining lease term		0.71 year			0.86 year
Total lease payments		74,556
Weighted average discount rate		4.75	%		4.75	%
Less: interest		(2,107	)
Present value of lease payments		72,449

~~Amortization expenses~~Supplemental ~~were~~information ~~$40,287~~related ~~and~~to ~~$31,907~~operating ~~for~~leases was ~~the~~as ~~six months ended November 30, 2024 and 2023, respectively.~~follows:

~~Note 20.~~ Schedule ~~Subsequent~~of ~~Event~~Supplemental Information

In accordance with ASC 855-10, the Company has analyzed its operations subsequent to the November 30, 2024 to the date these financial statements were issued and has determined that there is no other matter or circumstance arisen since November 30, 2024, which has significantly affected the operations of the Company, the results of those operations, or the state of affairs of the Company in subsequent financial years.

	Three Months Ended
	February 28, 2025			February 29, 2024
	$			$
Cash paid for amounts included in the measurement of lease liabilities		18,162			19,546
Weighted average remaining lease term		0.5 year			1.18 years
Weighted average discount rate		4.75	%		4.75	%

Amortization expenses were $59,167 and $52,970 for the nine months ended February 28, 2025 and February 29, 2024, respectively.

~~ITEM 2~~Note 20. ~~Management’s~~Subsequent ~~Discussion and Analysis of Financial Condition and Results of Operations.~~Event

~~Information included~~In inaccordance ~~this~~with ~~Quarterly~~ASC ~~Report on Form 10~~855-~~Q (this “Report”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933~~10, ~~as amended, and Section 21E of~~ the ~~Securities~~Company ~~Exchange~~has ~~Act of 1934, as amended (the “Exchange~~analyzed ~~Act”).~~its ~~Forward-looking~~operations ~~statements~~subsequent ~~are~~to ~~not statements of historical facts, but rather reflect our current expectations concerning future events and results. We generally use~~ the ~~words~~February ~~“believes~~28,” ~~“expects,”~~2025 ~~“intends,” “plans,” “anticipates,” “likely,” “will” and similar expressions~~ to ~~identify~~the ~~forward-looking~~date ~~statements.~~these ~~Such forward-looking~~financial statements, ~~including~~were ~~those~~issued ~~concerning our expectations, involve risks, uncertainties~~ and ~~other~~has ~~factors,~~determined ~~some~~that ofthere ~~which~~is ~~are~~no ~~beyond~~other ~~our~~matter ~~control, which may cause our actual results, performance~~ or ~~achievements,~~circumstance orarisen ~~industry~~since ~~results,~~February ~~to be materially different from any future results~~28, ~~performance or achievements expressed or implied by such forward-looking statements. These risks~~2025, ~~uncertainties and~~which ~~factors~~has ~~include,~~significantly ~~but~~affected ~~are not limited to, those factors set forth in our Prospectus on Form S-1 for~~ the ~~period~~operations ~~ended~~of ~~November 30, 2024 and~~ the ~~condensed consolidated financial statements included in this Report. Except as required by applicable law~~Company, ~~including~~ the ~~securities~~ ~~laws~~ results of ~~the~~those ~~United States~~operations, ~~we undertake no obligation to publicly update~~ or ~~revise~~the ~~any~~state ~~forward-looking~~of ~~statements,~~affairs ~~whether as a result~~ of ~~new information, future events or otherwise. You are cautioned not to unduly rely on such forward-looking statements when evaluating~~ the ~~information~~Company ~~presented~~ in ~~this~~subsequent ~~Report~~financial years.

~~Results of Operations~~28

~~The following~~ITEM ~~table~~2. ~~sets~~Management’s ~~forth~~Discussion ~~a summary of our consolidated results of operations~~ and ~~comprehensive~~Analysis ~~loss for the periods presented, both in absolute amount and as a percentage~~ of ~~our~~Financial ~~revenues~~Condition ~~for the periods presented. This information should be read together with our audited consolidated financial statements~~ and ~~related~~Results ~~notes as well as unaudited interim consolidated financial statements and related notes included elsewhere in this Form 10-Q. The results~~ of ~~operations in any period are not necessarily indicative of our future trends~~Operations.

	For The Three Months Ended November 30,						Quarter to Quarter Comparison
	2024			2023			(Decrease)/ Increase
	$			$			$
	(unaudited)			(unaudited)
Revenue		100,875			866,366			(765,491	)
Cost of Revenue		(35,433	)		(335,973	)		300,540
Gross Profit		65,442			530,393			(464,951	)
Other Income		73			5,751			(5,678	)
Selling and Distribution Expenses		(48,624	)		(183,389	)		134,765
General and Administrative Expenses		(123,570	)		(149,720	)		26,150
(Loss)/Profit from Operation		(106,679	)		203,035			(309,714	)
Interest Income		3			181			(178	)
(Loss)/Profit before Income Taxes		(106,676	)		203,216			(309,892	)
Income Taxes		(37,017	)		-			(37,017	)
(Loss)/Profit Attributable to Shareholders		(143,693	)		203,216			(346,909	)

Information included in this Quarterly Report on Form 10-Q (this “Report”) contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements are not statements of historical facts, but rather reflect our current expectations concerning future events and results. We generally use the words “believes,” “expects,” “intends,” “plans,” “anticipates,” “likely,” “will” and similar expressions to identify forward-looking statements. Such forward-looking statements, including those concerning our expectations, involve risks, uncertainties and other factors, some of which are beyond our control, which may cause our actual results, performance or achievements, or industry results, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. These risks, uncertainties and factors include, but are not limited to, those factors set forth in our Report for the period ended February 28, 2025 and the condensed consolidated financial statements included in this Report. Except as required by applicable law, including the securities laws of the United States, we undertake no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. You are cautioned not to unduly rely on such forward-looking statements when evaluating the information presented in this Report.

~~Revenues~~Results of Operations

~~For~~The following table sets forth a summary of our consolidated ~~the~~results ~~three~~of ~~months~~operations ~~period~~and ~~ended~~comprehensive ~~November~~loss ~~30,~~for ~~2024~~the periods presented, weboth ~~generated~~in ~~total~~absolute ~~revenue~~amount ofand ~~$100,875 that~~as ~~included~~a ~~brand~~percentage ~~name~~of ~~administrative~~our revenues for ~~fee~~the ~~$41,053,~~periods ~~exhaust~~presented. ~~gas~~This ~~cleaner,~~information ~~motor~~should ~~oil~~be read together with our audited consolidated financial statements and ~~auto~~related ~~parts~~notes ~~$59,746~~as well as unaudited interim consolidated financial statements and ~~others~~related ~~$76~~notes included elsewhere in this Form 10-Q. The results of operations in any period are not necessarily indicative of our future trends.

	For The Three Months Ended November 30,
	For The Three Months Ended						Quarter to Quarter Comparison
	2024			% of Net			2023			% of Net			Change
	February 28, 2025			February 29, 2024			Increase/ (Decrease)
	$			~~Sales~~$			$			~~Sales~~			$
Administrative fee of brand name		41,053			40.7	%		366,082			42.3	%		(325,029	)
	(unaudited)			(unaudited)
Exhaust gas cleaner, motor oil and auto parts		59,746			59.2	%		499,355			57.6	%		(439,609	)
Revenue		64,541			390,268			(325,727	)
Others		76			0.1	%		929			0.1	%		(853	)
Cost of Revenue		(2,443	)		(63,528	)		61,085
Total		100,875			100	%		866,366			100	%		(765,491	)
Gross Profit		62,098			326,740			(264,642	)
Other Income		11			48			(37	)
Selling and Distribution Expenses		(46,766	)		(79,920	)		33,154
General and Administrative Expenses		(79,983	)		(132,964	)		52,981
(Loss)/Profit from Operation		(64,640	)		113,904			(178,544	)
Interest Income		2			64			(62	)
(Loss)/Profit before Income Taxes		(64,638	)		113,968			(178,606	)
Income Taxes		-			(5,227	)		5,227
(Loss)/Profit Attributable to Shareholders		(64,638	)		108,741			(173,379	)

Total revenues for three months ended November 30, 2024 were $100,875 compared to $866,366 for the three months ended November 30, 2023, which decreased by $765,491. Due to the slow market activity, brand name administrative fee decreased by $325,029, exhaust gas cleaner, motor oil, auto parts and others decreased by $439,609 and others $853.Revenues

~~The Company~~For ~~are~~the ~~engaging~~three inmonths ~~trading~~period ofended ~~exhaust~~February ~~gas~~28, ~~cleaner~~2025, we ~~auto~~generated ~~parts~~total ~~and~~revenue ~~motor oil to their third-party agents in China. Revenues from services consist~~ of ~~administrative~~$64,541 ofthat included brand name ~~and~~administrative ~~training~~fee ~~fees.~~$60,859, ~~Payments~~exhaust ofgas ~~services~~cleaner ~~are~~and ~~generally~~motor ~~received~~oil ~~before~~and ~~delivery~~auto parts ~~the services~~$3,682.

	For The Three Months Ended
	February 28, 2025		% of Net Sales			February 29, 2024		% of Net Sales			Change
	$					$					$
Administrative fee of brand name		60,859		94.3	%		301,674		77.3	%		(240,815	)
Exhaust gas cleaner, motor oil and auto parts		3,682		5.7	%		87,653		22.5	%		(83,971	)
Others		-		-			941		0.2	%		(941	)
Total		64,541		100	%		390,268		100	%		(325,727	)

~~Sales~~Total revenues for three months ended February 28, of2025 ~~Exhaust~~were ~~Gas~~$64,541 ~~Cleaner~~compared to $390,268 ~~Motor~~for ~~Oil~~the three months ended February 29, 2024, which decreased by $325,727. Due to the slow market activity, brand name administrative fee decreased by $240,815, exhaust gas cleaner, motor oil and ~~Auto~~auto ~~Parts~~parts decreased by $83,971 and others decreased by $941 respectively.

~~Revenues related~~The toCompany ~~sales~~are engaging in trading of exhaust gas cleaner, ~~motor~~auto ~~oil~~parts and ~~auto~~motor ~~parts~~oil ~~are~~to ~~recognized~~their third-party agents in ~~the~~China. ~~consolidated~~Revenues ~~statements~~from services consist of ~~operations~~administrative ~~and~~of ~~comprehensive~~brand name ~~(loss)/income~~and attraining ~~the~~fees. ~~time~~Payments ~~when~~of ~~the~~services ~~goods~~ are ~~delivered~~generally ~~and~~received ~~the~~before ~~ownership~~delivery ~~transfer to~~ the ~~customers~~services.

~~Administrative Fee of Brand Name~~29

~~We earned~~Sales the brand name administrative fees from our customers, who pay one-time fixed fee RMB100,000, RMB200,000 and RMB300,000 for one year, RMB90,000 for one to three years and RMB200,000 for one to five years for exchange of ~~(1)~~Exhaust ~~the~~Gas ~~right to use the brand name “Chejiangling / Teenage Hero Car” and “ECXJ”~~Cleaner, ~~(2)~~Motor ~~the~~Oil ~~right to receive 10% of other new shops’ brand name permission fee, (3) the right to receive 5% of other new shops’ selling,~~ and ~~(4) the right to receive 20% of other new shops’ administrative~~ ~~fee.~~Auto ~~The fee is not be refundable.~~Parts

~~Cost~~Revenues related to sales of exhaust gas cleaner, motor oil and auto parts are recognized in the consolidated statements of ~~Revenue~~operations and comprehensive (loss)/income at the time when the goods are delivered and the ownership transfer to the customers.

~~Cost of~~Administrative ~~revenue~~Fee ~~consist primarily~~ of ~~costs~~Brand ~~associated with the purchase of goods. For three months ended November 30, 2024 compared to three months ended November 30, 2023.~~Name

	For The Three Months Ended November 30,
	2024		2023		Change
	$		$		$
Exhaust gas cleaner, motor oil and auto parts		35,402		335,295		(299,893	)
Others		31		678		(647	)
Total		35,433		335,973		(300,540	)

We earned the brand name administrative fees from our customers, who pay one-time fixed fee RMB100,000, RMB200,000 and RMB300,000 for one year, RMB90,000 for one to three years and RMB200,000 for one to five years for exchange of (1) the right to use the brand name “Chejiangling / Teenage Hero Car” and “ECXJ”, (2) the right to receive 10% of other new shops’ brand name permission fee, (3) the right to receive 5% of other new shops’ selling, and (4) the right to receive 20% of other new shops’ administrative fee. The fee is not be refundable.

Cost of ~~revenue for the three months ended November 30, 2024 were $35,433 compared to $335,973 as~~ of ~~ended November 30, 2023, a decrement of $300,540. Due to the slow market activity, exhaust gas cleaner, motor oil and auto parts decreased by $299,893 and others by $647.~~Revenue

~~Gross~~Cost of revenue consist primarily of costs associated ~~Profit~~with the purchase of goods. For three months ended February 28, 2025 compared to three months ended February 29, 2024.

Gross profit for the three months ended November 30, 2024 were $65,442 compared to $530,393 as of November 30, 2023, a decrement of $464,951 is mainly due to the decrease of revenue from brand name administrative fee $325,029 and sales of exhaust gas cleaner, motor oil and auto parts $139,716 and others $206.

	For The Three Months Ended
	February 28, 2025		February 29, 2024		Change
	$		$		$
Exhaust gas cleaner, motor oil and auto parts		2,443		63,147		(60,704	)
Others		-		381		(381	)
Total		2,443		63,528		(61,085	)

~~Selling~~Cost of revenue for the three months ended February 28, 2025 were $2,443 compared to $63,528 as of ended February 29, 2024, a decrement of $61,085. Due to the slow market activity, exhaust gas cleaner, motor oil and ~~Distribution~~auto ~~Expenses~~parts decreased by $60,704 and others by $381.

~~Selling and~~Gross Distribution expenses include payroll costs, sales-related consultancy fee, travelling expenses, transportation costs, conference and function expenses and other operating expenses associated with sales and marketing.Profit

~~For~~ Gross profit for the three months ended ~~November~~February 3028, 2025 ~~2024~~were $62,098 compared to ~~three~~$326,740 ~~months~~as ~~ended~~of ~~November~~February 3029, ~~2023:~~2025, a decrement of $264,642 is mainly due to the decrease of revenue from brand name administrative fee $240,815, sales of exhaust gas cleaner, motor oil and auto parts $23,267 and others $560.

	For The Three Months Ended November 30,
	2024		% of Net			2023		% of Net			Change
	$		Sales			$		Sales			$
Selling and Distribution Expenses		48,624		48.2	%		183,389		21.2	%		(134,765	)

Selling and Distribution Expenses

30Selling and Distribution expenses include payroll costs, sales-related consultancy fee, travelling expenses, transportation costs, conference and function expenses and other operating expenses associated with sales and marketing.

~~Selling and~~For ~~Distribution expenses for the~~ three months ended ~~November~~February 3028, ~~2024~~2025 ~~were $48,624~~ compared ~~to $183,389 as of November 30, 2023, a decrease~~ ~~of $134,765 is due~~ to ~~decrease~~three inmonths ~~sales~~ended ~~commission~~February ~~$81~~29,~~428,~~ promotion expenses $17,581, payroll costs $10,639, travelling expenses $11,134, consultancy fees $4,911, conference expenses $4,875, transportation costs $2,704, office expenses $786 and others $707 The decrease in selling and distribution expenses is due to slow market activity.2024:

General and Administrative Expenses

	For The Three Months Ended
	February 28, 2025		% of Net Sales			February 29, 2024		% of Net Sales			Change
	$					$					$
Selling and Distribution Expenses		46,766		72.5	%		79,920		20.5	%		(33,154	)

~~General and Administrative (G&A) expenses consist primarily of payroll costs, audit fee, consultancy fee, rental fee and other related expenses.~~30

~~For~~ Selling and Distribution expenses for the three months ended ~~November~~February 3028, ~~2024~~2025 were $46,766 compared to ~~three~~$79,920 ~~months~~as ~~ended~~of ~~November~~February 3029, ~~2023:~~2024, a decrease of $33,154 is due to decrease in sales commission $7,552, conference expenses $6,850, transportation costs $5,467, promotion expenses $4,216, travelling expenses $4,174, payroll costs $2,693, entertainment expenses $2,151 and others $51. The decrease in selling and distribution expenses is due to slow market activity.

	For The Three Months Ended November 30,
	2024		% of Net			2023		% of Net			Change
	$		Sales			$		Sales			$
General and Administrative Expenses		123,570		122.5	%		149,720		17.3	%		(26,150	)

General and Administrative Expenses

General and Administrative (G&A ) expenses ~~for the three months ended November 30, 2024 were $123,570 compared to $149,720 as of November 30, 2023, a decrease of $26,150~~consist ~~was~~ primarily ~~due to the decrease~~ of ~~consultancy fees $34,435, office expenses $16,547,~~ payroll costs ~~$16~~,~~191,~~ ~~R&D~~audit ~~expenses $11~~fee,~~773, entertainment~~ ~~expenses $8,834, travelling expenses $2,294, offset increase in~~ consultancy ~~fees $55~~fee,~~885,~~ rental ~~$986~~fee and ~~others~~other ~~$7,053. The~~related ~~decrease in general and administrative~~ expenses ~~is due to slow market activity~~.

~~Taxation~~For three months ended February 28, 2025 compared to three months ended February 29, 2024:

We recorded an income tax expense of $37,017 and $0 for the period ended November 30, 2024 and November 30, 2023, respectively.

	For The Three Months Ended
	February 28, 2025		% of Net Sales			February 29, 2024		% of Net Sales			Change
	$					$					$
General and Administrative Expenses		79,983		123.5	%		132,964		34.1	%		(52,981	)

~~The~~G&A expenses for the three months ended February ~~Company~~28, ~~incorporated~~2025 inwere ~~the~~$79,983 ~~PRC~~compared to $132,964 ~~was~~as ~~governed~~of byFebruary ~~the~~29, ~~income~~2024, ~~tax~~a ~~law~~decrease of $52,981 was primarily due to the ~~PRC~~decrease of amortization of intangible assets $34,965, ~~and~~payroll iscosts ~~subject~~$10,373, toR&D ~~PRC~~expenses ~~enterprise~~$3,591, ~~income~~rental ~~tax~~$3,292, ~~(“EIT”)~~consultancy fees $2,314, others $2,078 and ~~The~~offset ~~EIT~~increase ~~rate~~in loss on disposal of ~~PRC~~slow movement stock $3,632. The decrease in general and administrative expenses is ~~25%~~due to slow market activity.

Generally, our PRC subsidiaries, VIEs and their subsidiaries are subject to enterprise income tax on their taxable income in China at a statutory rate of 25%. The enterprise income tax is calculated based on the entity’s global income as determined under PRC tax laws and accounting standards.Taxation

We ~~are~~ ~~subject~~recorded toan ~~value-added~~income tax atexpense ~~a rate~~ of ~~13%~~$0 onfor ~~sales~~the ofperiod ended ~~motor~~February ~~oil~~28, ~~and~~2025 ~~auto parts~~ and 6%February on29, ~~the services (brand name management services)~~2024, in ~~each case less any deductible value-added tax we have already paid or borne~~respectively. ~~We are also subject to surcharges on value-added tax payments in accordance with PRC law.~~

~~Net~~The Company, incorporated in the PRC, was governed by the income tax law of the PRC, and is subject to PRC enterprise income tax (~~Loss~~“EIT”)~~/Profit~~, The EIT rate of PRC is 25%.

~~Net loss~~Generally, ~~$143~~our PRC subsidiaries,~~693~~ VIEs and ~~net~~their ~~profit~~subsidiaries are ~~$203,216~~subject ~~occurred~~to ~~for~~enterprise ~~the~~income ~~three~~tax ~~months~~on ~~ended~~their ~~November~~taxable ~~30,~~income ~~2024~~in ~~and~~China ~~2023~~at ~~respectively,~~a ~~due~~statutory torate ~~the~~of ~~factors~~25%. The enterprise income tax is calculated ~~discussed~~based ~~above~~on the entity’s global income as determined under PRC tax laws and accounting standards.

~~LIQUIDITY~~We are subject to value-added tax at a rate of 13% ~~AND~~on ~~CAPITAL~~sales ~~RESOURCES~~of motor oil and auto parts and 6% on the services (brand name management services), in each case less any deductible value-added tax we have already paid or borne. We are also subject to surcharges on value-added tax payments in accordance with PRC law.

~~Since commencing~~Net ~~operations, our primary uses of cash have been to finance working capital needs for have financed these requirements primarily from cash generated from operations and related party advances.~~(Loss)/Profit

~~We are~~Net inloss ~~start-up~~$64,638 ~~stage operations~~ and ~~have~~net ~~generated~~profit ~~limited~~$108,741 ~~revenues.~~occurred for ~~Our business is subject to risks inherent in~~ the ~~establishment of~~three amonths ~~new~~ended ~~business~~February ~~enterprise~~28, ~~including~~2025 ~~limited capital resources~~ and ~~possible~~February ~~cost~~29, ~~overruns~~2024 respectively, due to ~~price~~the ~~and~~factors ~~cost~~discussed ~~increases in services and products~~above.

31LIQUIDITY AND CAPITAL RESOURCES

~~We expect~~Since ~~that~~commencing weoperations, ~~will~~our beprimary ~~able~~uses toof ~~meet~~cash have ~~our~~been ~~needs~~ to ~~fund~~finance ~~operations,~~working capital ~~expenditures~~needs ~~and~~for ~~other~~have ~~commitments~~financed inthese ~~the~~requirements ~~next 12 months~~ primarily ~~with~~ ~~our~~from cash ~~and~~generated ~~cash~~from ~~equivalents,~~operations ~~operating~~and ~~cash~~related party ~~flows~~advances.

We ~~may,~~ ~~however,~~are ~~require additional cash resources due to changes~~ in ~~business~~start-up ~~conditions~~stage oroperations ~~other~~and ~~future~~have ~~developments. If these sources~~generated ~~are~~limited ~~insufficient~~revenues. toOur ~~satisfy~~business ~~our~~is ~~cash~~subject ~~requirements, we may seek~~ to ~~sell~~risks ~~additional~~inherent ~~equity~~in orthe ~~debt~~establishment ~~securities~~of ~~or obtain~~ a ~~credit~~new ~~facility. The~~business ~~sale~~enterprise, ofincluding ~~additional~~limited ~~equity~~capital resources orand ~~equity-linked~~possible ~~securities~~cost ~~could~~overruns ~~contractually~~due ~~result in additional dilution~~ to ~~stockholders.~~price ~~The incurrence of indebtedness would result in increased debt service obligations~~ and ~~could~~cost ~~result~~increases in ~~operating~~services and ~~financial covenants that would restrict operations~~products. ~~Financing may not be available in amounts or on terms acceptable to us, or at all.~~

~~The following table sets forth a summary of our cash flows for the periods indicated.~~31

	For The Six Months Ended November 30,						Quarter to Quarter
	2024			2023			Comparison
	$			$			$
Cash Flows used in operating activities		(397,664	)		(542,850	)		145,186
Cash Flows used in investing activities		(1,592	)		(5,084	)		3,492
Cash Flows provided by/(used in) financing activities.		394,463			(32,753	)		427,216
Effects on change in foreign exchange rate		2,624			(10,629	)		13,253
Net Change in cash during period		(2,169	)		(591,316	)		589,147

We expect that we will be able to meet our needs to fund operations, capital expenditures and other commitments in the next 12 months primarily with our cash and cash equivalents, operating cash flows.

~~Operating~~We may, however, require additional cash resources ~~Activities~~due to changes in business conditions or other future developments. If these sources are insufficient to satisfy our cash requirements, we may seek to sell additional equity or debt securities or obtain a credit facility. The sale of additional equity or equity-linked securities could contractually result in additional dilution to stockholders. The incurrence of indebtedness would result in increased debt service obligations and could result in operating and financial covenants that would restrict operations. Financing may not be available in amounts or on terms acceptable to us, or at all.

~~Cash flow used in operating activities for the six months ended November 30, 2024 and 2023 is $397,664 and $542,850 respectively, reflecting an increase of cash flow $145,186.~~ The ~~increase~~following istable ~~mainly~~sets ~~due~~forth toa ~~decrease~~summary ~~net loss $117,733, increase cash flow~~ of ~~advanced~~our ~~received~~cash ~~$439,072,~~flows ~~accounts~~for ~~payable~~the ~~$138,356,~~periods inventories $11,963, amortization of right-of-use assets $8,484, accounts receivable $2,604, impairment of intangible assets $1,597, depreciation $46 and offset decrease in accrued liabilities, deposit received and other payables $328,078, prepayments, deposits and other receivables $169,340, amortization of intangible assets $68,871, operating lease expenses $8,380indicated.

Investing Activities

	For The Nine Months Ended						Quarter to
	February 28, 2025			February 29, 2024			Quarter Comparison
	$			$			$
Cash Flows used in operating activities		(370,928	)		(637,763	)		266,835
Cash Flows used in investing activities		(3,175	)		(5,119	)		1,944
Cash Flows provided by/(used in) financing activities.		369,728			-			369,728
Effects on change in foreign exchange rate		4,218			1,519			2,699
Net Change in cash during period		(157	)		(641,363	)		641,206

~~Cash flow~~Operating used in investing activities is $1,592 for the six months ended November 30, 2024, as compared to $5,084 for the six months ended November 30, 2023, reflecting an increase of cash flow $3,492. The increase is due to decrease of purchase of property and equipment $2,280, disposal of subsidiary, net of cash disposed $2,804 and offset increase of investment in development costs $1,592.Activities

~~Financing~~Cash flow used in operating activities for the nine ~~Activities~~months ended February 28, 2025 and February 29, 2024 is $370,928 and $637,763 respectively, reflecting an increase of cash flow $266,835. The increase is mainly due to increase cash flow of advanced received $798,095, accounts payable $223,014, advances to related parties $85,576, amortization of right-of-use assets $6,837, income tax refund $3,475, impairment of intangible assets $3,180, accounts receivable $2,604 and offset net loss increased by $55,646, decreased of accrued liabilities, deposit received and other payables $496,942 prepayments, deposits and other receivables $168,206, amortization of intangible assets $104,895, inventories $20,491, operating lease expenses $6,197, advances to directors $3,538 and depreciation $31.

~~Cash flow~~Investing provided by financing activities is $394,463 for the six months ended November 30, 2024, compared to use in financing activities $32,753 for the six months ended November 30, 2023, reflecting an increase of $427,216. The increase in net cash provided by financing activities was mainly due to proceeds from share issuance $369,728, advance to related parties $124,484 and offset decrease in advances to directors $66,996.Activities

~~The majority~~Cash offlow used in investing activities is $3,175 for the ~~Company’s~~nine ~~revenues~~months ~~and~~ended ~~expenses~~February ~~were~~28, ~~denominated~~2025, ~~primarily~~as incompared ~~Renminbi~~to ~~(“RMB”)~~$5,119 for the ~~currency~~nine ofmonths ~~the People’s~~ended ~~Republic~~February 29, 2024, reflecting an increase of cash ~~China~~flow $1,944. ~~There~~The increase is nodue ~~assurance~~to ~~that~~decrease ~~exchange~~of ~~rates~~purchase ~~between~~of ~~the~~property ~~RMB~~ and ~~the~~equipment ~~U.S.~~$2,315 ~~Dollar~~and ~~will~~disposal ~~remain~~of ~~stable.~~subsidiary ~~Inflation has~~net ~~not~~of ~~had~~cash disposed a$2,804, ~~material~~offset ~~impact~~purchase onof ~~the~~intangible ~~Company’s~~assets ~~business~~$3,175.

32Financing Activities

~~COMMITMENTS~~Cash flow provided by financing activities is $369,728 ~~AND~~for ~~CONTINGENCIES~~the nine months ended February 28, 2025, compared to use in financing activities $0 for the nine months ended February 29, 2024, reflecting an increase of $369,728. The increase in net cash provided by financing activities was due to issuance of ordinary shares through private placements, proceeds $264,600 from issuance of 400,000 shares to Shiguo Wang and $105,128 from issuance of 160,000 shares to Zhongxin Lei.

~~Contractual~~The majority of the Company’s revenues and expenses ~~Obligations~~were denominated primarily in Renminbi (“RMB”), the currency of the People’s Republic of China. There is no assurance that exchange rates between the RMB and the U.S. Dollar will remain stable. Inflation has not had a material impact on the Company’s business.

~~Our contractual obligations as of November 30, 2024 are as follows:~~32

Payments due by period

Operating leases

Total

Less than 1 year

1-3 years

More than 3 years

Total

46,501

COMMITMENTS AND CONTINGENCIESss

~~A provision~~Contractual ~~of $82,873 is provided, where the Company has a business dispute with a customer, and no legal action is taken against us.~~Obligations

~~Other than~~Our ascontractual ~~shown~~obligations ~~above,~~as weof ~~did~~February ~~not have any significant capital and other commitments~~28, ~~long-term~~2025 are ~~obligations or guarantees~~ as ~~of November 30, 2024.~~follows:

Off-Balance Sheet Commitments and Arrangements

Payments due by period

Operating leases

Total

Less than
1 year

1-3 years

More than
3 years

Total

32,123

~~We have~~A ~~not~~provision ~~entered~~of ~~into~~$82,418 ~~any~~is ~~financial~~provided, ~~guarantees~~where ~~or other commitments to guarantee~~ the ~~payment~~Company has ~~obligations~~a ofbusiness ~~any~~dispute ~~third~~with ~~parties.~~a ~~In addition~~customer, we ~~have not entered into any derivative contracts that are indexed to our shares~~ and ~~classified~~no aslegal ~~shareholder’s~~action ~~equity~~is ortaken ~~that are~~against ~~not reflected in our consolidated financial statements~~us.

~~ITEM 3~~Other ~~Quantitative~~than as shown above, we did not have any significant capital and ~~Qualitative~~other ~~Disclosures~~commitments, ~~About~~long-term ~~Market~~obligations ~~Risk~~or guarantees as of February 28, 2025.

~~As a “smaller reporting company” as defined by Item 10 of Regulation S~~Off-K,Balance ~~the~~Sheet ~~Company~~Commitments isand ~~not required to provide information required by this Item.~~Arrangements

~~ITEM~~We have not entered into any financial guarantees 4or ~~Controls~~other commitments to guarantee the payment obligations of any third parties. In addition, we have not entered into any derivative contracts that are indexed to our shares and ~~Procedures~~classified as shareholder’s equity or that are not reflected in our consolidated financial statements.

~~Management’s Evaluation~~ITEM of3 ~~Disclosure~~Quantitative ~~Controls~~ and ~~Procedures:~~Qualitative Disclosures About Market Risk.

~~We carried~~As ~~out~~a an“smaller ~~evaluation~~reporting ofcompany” ~~the effectiveness of the design and operation of our disclosure controls and procedures (~~as defined ~~in Exchange~~ ~~Act~~by ~~Rules~~Item ~~13a-15(e)~~10 ~~and 15d-15(e)) as~~ of ~~May~~Regulation 31S-K, ~~2024. This evaluation was carried out under~~ the ~~supervision~~Company ~~and~~is ~~with~~not ~~the~~required ~~participation of~~to ~~our~~provide ~~Chief~~information ~~Executive~~required Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this ~~report~~Item.

~~Changes in~~ITEM ~~Internal~~4 ~~Control~~Controls ~~over~~and ~~Financial Reporting:~~Procedures.

~~There were~~Management’s noEvaluation ~~changes~~of inDisclosure ~~our internal control over financial reporting during our most recent quarter that materially affected, or are reasonably~~Controls ~~likely~~and ~~to materially affect, our internal control over financial reporting.~~Procedures:

33We carried out an evaluation of the effectiveness of the design and operation of our disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) as of May 31, 2024. This evaluation was carried out under the supervision and with the participation of our Chief Executive Officer and our Chief Financial Officer. Based upon that evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures were effective as of the end of the period covered by this report.

~~PART II~~Changes -in ~~OTHER~~Internal ~~INFORMATION~~Control over Financial Reporting:

~~Item~~There were no changes in our internal control over 1.financial ~~Legal~~reporting ~~Proceedings~~during our most recent quarter that materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

~~None.~~33

~~Item 1A.~~PART ~~Risk~~II ~~Factors.~~- OTHER INFORMATION

~~As of~~Item ~~the date of this Quarterly Report, there have been no material changes with respect to those risk factors previously disclosed in our Registration Statement filed with the SEC~~1. ~~Any~~Legal ~~of these factors could result in a significant or material adverse effect on our results of operations or financial condition~~Proceedings. ~~Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations.~~

~~Item 2~~None. ~~Unregistered Sales of Equity Securities and Use of Proceeds~~

~~Not Applicable~~Item 1A. Risk Factors.

~~Item~~As of the date of this Quarterly Report, there have 3been no material changes with respect to those risk factors previously disclosed in our Registration Statement filed with the SEC. ~~Defaults~~Any of ~~Upon~~these ~~Senior~~factors ~~Securities~~could result in a significant or material adverse effect on our results of operations or financial condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results of operations.

~~Not Applicable~~Item 2. Unregistered Sales of Equity Securities and Use of Proceeds

~~Item 4.~~Not ~~Mine Safety Disclosures~~Applicable.

~~Not Applicable~~Item 3. Defaults Upon Senior Securities

~~Item 5.~~Not ~~Other Information~~Applicable.

~~There is~~Item no4. ~~other~~Mine ~~information~~Safety ~~required to be disclosed under this item that has not previously been reported.~~Disclosures

~~Item 6.~~Not ~~Exhibits~~Applicable.

Exhibit No.		Description
10.1		Subscription agreement, dated September 1, 2024 by CXJ Group Co., Limited and Mr. Zhongxin Lei to issue new shares 160,000 shares.
10.2		Subscription agreement, dated September 1, 2024 by CXJ Group Co., Limited and Mr. Shiguo Wang to issue new shares 200,000 shares.
10.3		Subscription agreement, dated September 2, 2024 by CXJ Group Co., Limited and Mr. Shiguo Wang to issue new shares 200,000 shares.
31.1		Certification of Principal Executive Officer Pursuant to Securities Exchange Act Rules 13a-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		Inline XBRL Instance Document
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

Item 5. Other Information

34There is no other information required to be disclosed under this item that has not previously been reported.

~~SIGNATURES~~Item 6. Exhibits

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Exhibit No.		Description
31.1		Certification of Principal Executive Officer Pursuant to Securities Exchange Act Rules 13a-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
31.2		Certification of Principal Financial Officer Pursuant to Securities Exchange Act Rules 13a-14(a), as adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002
32.1		Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
32.2		Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002
101.INS		Inline XBRL Instance Document
101.SCH		Inline XBRL Taxonomy Extension Schema Document
101.CAL		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB		Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104		Cover Page Interactive Data File (embedded within the Inline XBRL document)

	CXJ Group Co., Ltd.
	(Name of Registrant)
Date: January 8, 2025
	By:	/s/ Lixin Cai
	Title:	Chief Executive Officer and Director (Principal Executive Officer)
	By:	/s/ Cuiyao Luo
	Title:	Chief Financial Officer
Date: January 8, 2025

35SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	CXJ Group Co., Ltd.
	(Name of Registrant)

Date: April 21, 2025

	By:	*/s/ Lixin Cai*
	Title:	Chief Executive Officer and Director (Principal Executive Officer)

	By:	*/s/ Cuiyao Luo*
	Title:	Chief Financial Officer

Date: April 21, 2025

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