DUE FROM (TO) SHAREHOLDERS AND DIRECTORS

3 Months Ended

Nov. 30, 2022

Due From To Shareholders And Directors

DUE FROM (TO) SHAREHOLDERS AND DIRECTORS

10. DUE FROM (TO) SHAREHOLDERS AND DIRECTORS

	As of November 30, 2022			As of August 31, 2022
Other loans from shareholders:
Jui-Chin Chen (b)	$	(80,000	)	$	(80,000	)
Chun-Shuo Huang (a)		(141,085	)		(145,159	)
Mei-Ying Huang (d)		(2,590	)		(35,550	)
Chin-Chiang Wang (c)		(200,000	)		(200,000	)
Total (Note 11)		(423,675	)		(460,709	)
Less: Other loans from shareholders, non-current		200,000			200,000
	$	(223,675	)	$	(260,709	)
Due to a director - current:
Yi-Hsiu Lin (e)	$	(1,003,860	)	$	(973,564	)
Due to shareholders - current:
Yu-Cheng Tu (e)	$	(40,624	)	$	(42,472	)
Hung-Pin Cheng (e)		(476	)		(471	)
Mei-Ying Huang (e)		(800	)		(800	)
Shih-Chu Lo (e)		(800	)		(800	)
Jun-Yuan Chen (e)		(800	)		(800	)
Total	$	(43,500	)	$	(45,343	)
Due from a shareholder - current:
Kuo-Hsun Hsu (f)	$	2,072		$	-

(a)	On February 28, 2022, the Company obtained a loan of RMB1,000,000 ($141,085) from Chun-Shuo Huang, which accrues interest at the rate of 8% per annum. The loan was due on May 27, 2022 and further extended to December 31, 2022 and accrued interest at the rate of 2% per month. The repayment was extended to June 30, 2023 as agreed by both parties. Interest of $8,417 and $nil respectively was incurred for the three months ended November 30, 2022 and 2021. Interest of $2,851 was accrued as of November 30, 2022 and August 31, 2022.
(b)	The loan was modified from convertible note on March 23, 2022 and would be repayable in five installments before November 30, 2022 with 6% interest-bearing per annum. $20,000 was repaid by the Company as of November 30, 2022. On November 29, 2022, both parties entered into an amendment agreement to extend the payment time of the remaining loans and interests by November 30, 2023. For the three months ended November 30, 2022, interest of $1,200 and $1,500 were incurred respectively. Interest of $4,429 and $3,229 was accrued as of November 30, 2022 and August 31, 2022, respectively.
(c)	The loan was modified from convertible note on May 3, 2022 and would mature on November 25, 2024 with 6% interest-bearing per annum. For the three months ended November 30, 2022 and 2021, interest of $3,000 were incurred. Interest of $165 and $9,165 was accrued as of November 30, 2022 and August 31, 2022, respectively.
(d)	The Company borrowed non-interest bearing loans in the aggregate amount of NTD4,000,000 ($129,492) from Huang Mei-Ying. The loan of NTD2,500,000 ($80,932) borrowed on November 24, 2021 was due on May 24, 2022 but further extended to December 31, 2022. The loan was fully repaid on October 25, 2022. The loan of NTD1,000,000 ($32,373) borrowed on January 12, 2022 was fully repaid on July 22, 2022. NTD420,000 ($13,597) was repaid for the remaining loan of NTD500,000 ($16,187) obtained on February 9, 2022 which would be repayable based on the Company’s financial ability
(e)	Amounts due to shareholders and a director are unsecured, interest-free with no fixed payment term.
(f)	NTD64,000 ($2,072) was paid for Hsu Kuo-Hsun’s quarter on November 3, 2022. The advance is non-interest bearing and would repayable on demand.
(g)	The Company borrowed a principal amount of $62,000 on September 27, 2022 from a shareholder – CPN Investment Limited. The loan was 6% interest bearing payable on maturity and would be matured in one year. The loan was fully repaid on November 1, 2022. No interest was accrued as of November 30, 2022.