Financial Analysis

NOTE 16 INCOME TAXES United States of America The Company is registered in the State of Nevada and is subject to United States of America tax law. The U.S federal income tax rate is 21 %. British Virgin Islands Under the current laws of the British Virgin Islands, the international business company which governed by the International Business Companies Act of British Virgin Islands and there is no income tax charged in British Virgin Islands. Hong Kong From year of assessment of 2018/2019 onwards, 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, 2025 and 2024, the Company did not have any assessable profits arising in or derived from Hong Kong, therefore no provision for Hong Kong profits tax was made in the year. The PRC The Companys subsidiaries are incorporated in the PRC, and are subject to the PRC Enterprise Income Tax Laws (EIT Laws) with the statutory income tax rate of 25 % with the following exceptions. On January 17, 2019, the State Taxation Administration issued the notice on the scope of small-scale and low-profit corporate income tax preferential policies of the Ministry of Finance and the State Administration of Taxation, [2019] No. 13 for small-scale and low-profit enterprises whose annual taxable income is less than RMB1,000,000 (including RMB1,000,000), approximately $142,209, their income is reduced by 25% t …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 15 OPERATING LEASES 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. The following table provides a summary of leases as of May 31, 2025 and May 31, 2024: SUMMARY OF OPERATING LEASES ASSETS AND LIABILITIES Assets/liabilities Classification May 31, 2025 $ May 31, 2024 $ Assets Operating lease right-of-use assets Operating lease assets 13,075 72,178 Liabilities Current Operating lease liability - current Current operating lease liabilities 13,611 61,640 Long-term Operating lease liability net of current portion Long-term operating lease liabilities - 10,809 Total lease liabilities 13,611 72,449 The operating lease expense for the year ended May 31, 2025 and 2024 were as follows: SCHEDULE OF OPERATING LEASE EXPENSE As of May 31, Lease cost Classification 2025 2024 $ $ Operating lease cost General and administrative Expenses 77,837 71,909 Maturities of operating lease liabilities as of May 31, 2025 were as follows: SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES Maturity of Lease Liabilities Operating Leases $ Remaining of 2026 13,707 2027 - 2028 - 2028 - Thereafter - Total lease payments 13,707 Less: interest (96 ) Present value of lease payments 13,611 Maturities of operating lease liabilities as of May 31, 2024, were as follows: Maturity of Lease Liabilitie …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recent accounting pronouncements Recently Adopted Accounting Standard Updates ASU 2023-07, Improvement to Reportable Segment Disclosures , which requires companies to disclose significant segment expenses provided to the chief operating decision maker (CODM) and a description of other segment items. Additionally, all existing annual disclosures must be provided on an interim basis. This ASU is effective for annual periods beginning after December 15, 2023 and interim periods within fiscal years beginning after December 15, 2024. This ASU is required to be applied retrospectively to all prior periods presented in the condensed consolidated financial statements. The Company adopted ASU 237-07 in 2025 and applied the amendment retrospectively to all periods presented in the Companys condensed consolidated financial statements. See Note 16 Segment Information. Recently Issued Accounting Pronouncements. - ASU 2023-09 , Improvements to Income Tax Disclosures, requires improved disclosures related to the rate reconciliation and income taxes paid. This ASU requires companies to reconcile the income tax expense attributable to continuing operations to the U.S. statutory federal income tax rate applied to pre-tax income from continuing operations. Additionally, this ASU requires companies to disclose the total amount of income taxes paid during the period. This ASU is effective for annual periods beginning after December 15, 2024, with early adoption permitted. The guidance is required …

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NOTE 14 RELATED PARTY TRANSACTIONS Amounts due from and due to related parties as of May 31, 2025 and 2024 are as follows: SCHEDULE OF RELATED PARTY TRANSACTION Amounts Due From Related Parties As of May 31, Name of Related Parties Relationship with the Company 2025 2024 (audited) (audited) $ $ New Charles Technology Group Limited Controlled by Lixin Cai 300 300 Hangzhou Xieli Internet Technology Co., Ltd Controlled by Cuiyao Luo 82,171 59,669 Total 82,471 59,969 As of May 31, 2025, the Company paid expenses $ 300 on behalf of New Charles Technology Group Limited and advanced a short term loan $ 82,171 to Hangzhou Xielie Internet Technology Co., Limited to pay administrative expenses, which is unsecured, interest-free and repayable on demand. Amounts Due To Related Parties As of May 31, Name of Related Parties Relationship with the Company 2025 2024 (audited) (audited) $ $ Cuiyao Luo CFO & major shareholder 359,662 284,222 Rudong Shi Director 9,597 9,530 Total 369,259 293,752 As of May 31, 2025, Cuiyao Luo and Rudong Shi advanced $ 369,259 to the company as working capital and to pay administrative expenses, which is unsecured, interest-free with no fixed payment term, for working capital purpose. Business Transaction With Related Parties As of May 31, 2025 and 2024, minority shareholders have business transactions with the company, below are the detail: SCHEDULE OF BUSINESS TRANSACTION WITH RELATED PARTIES Name of Related Parties Relationship with the Company Nature of R …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 17 SEGMENT INFORMATION ASC Topic 280, Segment Reporting, establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Companys chief operating decision maker, who is the CEO in deciding how to allocate resources and assess performance. Currently, the Company has three reportable business segments: (1) Brand Name Management Fees and Services, mainly provided brand name Chejiangling/Teenage Hero Car to the customers. Customers are authorized to operate their workshop under the brand name of Chejiangling/Teenage Hero Car. (2) Motor Oil and Auto Parts, mainly provided motor oil products and spare parts to the customers. (3) Exhaust Gas Cleaner and Other, mainly provided exhaust gas cleaner products to the customers. In the following table, revenue is disaggregated by reportable segments: SCHEDULE OF DISAGGREGATION OF REVENUE Brand Name Management Fees and Services Segment Motor Oil & Auto Parts Segment Exhaust Gas Cleaner and Others Segment Total For The Year Ended May 31, 2025 Brand Name Management Fees and Services Segment Motor Oil & Auto Parts Segment Exhaust Gas Cleaner and Others Segment Total $ $ $ $ Revenue …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation These consolidated financial statements, accompanying notes, and related disclosures have been prepared pursuant to the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These financial statements have been prepared using the accrual basis of accounting in accordance with the generally accepted accounting principles in the United States (U.S. GAAP). The Companys fiscal year end is May 31. The Companys financial statements are presented in U.S. dollars. Basis of consolidation The consolidated financial statements include the accounts of the Company, VIE and its subsidiaries. All intercompany accounts and transactions have been eliminated. The results of subsidiaries acquired during the respective periods are included in the consolidated statements of operations from the effective date of acquisition or up to the effective date of disposal, as appropriate. The portion of the income or loss applicable to non-controlling interests in subsidiaries is reflected in the consolidated statements of operations. 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) Technolog …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 18 SHAREHOLDER EQUITY The Company has authorized 490,000,000 common shares, par value $ 0.001 . Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought. As of May 31, 2025 and 2024, there were 102,270,517 and 101,710,517 , respectively, common shares issued and outstanding. During the year ended May 31, 2025, the following shares of common stock were issued: On September 1, 2024, the Company issued 160,000 common shares to Zhongxin Lei at shares value $ 105,128 and issued 200,000 common shares to Shiguo Wang at share value $ 135,000 . On September 2, 2024, the Company issued 200,000 common shares to Shiguo Wang at share value $ 129,600 . …

StockholdersEquityNoteDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 20 SUBSEQUENT EVENTS In accordance with ASC 855-10, the Company has analyzed its operations subsequent to the May 31, 2025 to the date these financial statements were issued and has determined that there is no other matter or circumstance arisen since May 31 2025, 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.

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NOTE 3. ACQUISITION On March 28, 2019, Mr. Cai, Lixin (Mr. Cai), the Companys Chairman of the Board and Chief Executive Officer and Chief Financial Officer, incorporated CXJ Technology (Hangzhou) Co., Ltd (HZ CXJ) in Hangzhou, China. Mr. Cai in turn incorporated CXJ Investment Group Company Ltd (CXJ), CXJ (HK) Technology Group Company Ltd (HK CXJ), and CXJ (Shenzhen) Technology Co., Ltd (SZ CXJ) and reorganized these entities with CXJ being a holding entity with the solely shareholder. As a result of the reorganization, CXJ owns 100 % interest in HK CXJ and HK CXJ owns 100 % interest in SZ CXJ. SZ CXJ controls 100 % interest in HZ CXJ through VIE contractual arrangements as disclosed in Note 4. Such reorganization was completed on May 28, 2020. On June 18, 2019, the Company underwent a change of control as a result of the transfer of 10,000,000 shares of Series A Preferred stock (which voted on a 10 for one basis at the time of the change of control) from Custodian Ventures, LLC and 17,700,000 shares of common stock to Xinrui Wang. On May 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 Company. The shareholder is the selling security holder in this prospec …

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NOTE 17. INCOME TAXES United States Under the current tax laws of United States, the Company and its subsidiaries are not subject to tax on their income or capital gains. In addition, upon of dividends by the Company to its shareholders, no United States withholding tax will be imposed. British Virgin Island Under the current tax laws of British Virgin Island, the Company and its subsidiaries are not subject to tax on their income or capital gains. In addition, upon of dividends by the Company to its shareholders, no British Virgin Island withholding tax will be imposed. Hong Kong From year of assessment of 2018/2019 onwards, 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 period ended February 28, 2026 and 2025, the Company did not have any assessable profits arising in or derived from Hong Kong, therefore no provision for Hong Kong profits tax was made in the year. P.R.C China The China Corporate Income Tax Law (CIT Law) became effective on January 1, 2008. Under the CIT Law, Chinas dual tax system for domestic enterprises and foreign investment enterprises (FIEs) was effectively replaced by a unified system. The new law establishes a tax rate of 25 % for most enterprises. The Companys VIE through which the majority of our business in China is applicable to this tax rate The following table reconciles the PRC statutory rates to the Companys e …

IncomeTaxDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 16. OPERATING LEASE 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. The following table provides a summary of leases as of February 28, 2026 and May 31, 2025: SUMMARY OF OPERATING LEASES ASSETS AND LIABILITIES Assets/liabilities Classification February 28, 2026 $ May 31, 2025 $ Assets Operating lease right-of-use assets Operating lease assets 32,629 13,075 Liabilities Current Operating lease liability - current Current operating lease liabilities 17,410 13,611 Long-term Operating lease liability net of current portion Long-term operating lease liabilities 15,938 - Total lease liabilities 33,348 13,611 The operating lease expense for the nine months ended February 28, 2026 and 2025 were as follows: SCHEDULE OF OPERATING LEASE EXPENSE As of February 28, Lease cost Classification 2026 2025 $ $ Operating lease cost General and administrative Expenses 49,410 58,990 Maturities of operating lease liabilities as of February 28, 2026 were as follows: SCHEDULE OF MATURITIES OF OPERATING LEASE LIABILITIES Maturity of Lease Liabilities Operating Leases $ Remaining of 2026 17,729 2027 16,064 2028 - Total lease payments 33,793 Less: interest (445 ) Present value of lease payments 33,348 Maturities of operating lease liabilities as of May 31, 2025, were as follows: Maturity o …

LesseeOperatingLeasesTextBlock · excerpt; the full note is in the filing

Recently Issued Accounting Standards Subsequent to February 28, 2026, in December 2025, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2025-11, Narrow-Scope Improvements (Topic 270): Interim Reporting . This update makes targeted, narrow-scope improvements to the interim reporting guidance in Topic 270 to clarify application and improve consistency in practice. The amendments do not change the underlying principles of interim reporting. The amendments in this ASU are effective for interim reporting periods within annual reporting periods beginning after December 15, 2027. Early adoption is permitted. The Company expects to adopt the guidance in its Form 10-Q for the interim period ending February 28, 2028. The Company is currently evaluating the effects of this pronouncement on its consolidated financial statements and does not expect the adoption of this ASU to have a material effect on its consolidated financial statements. ASU No. 2025-03, Business Combinations (Topic 805) and Consolidation (Topic 810): Determining the Accounting Acquirer in the Acquisition of a Variable Interest Entity . The standard revises current guidance for determining the accounting acquirer for a transaction effected primarily by exchanging equity interests in which the legal acquiree is a variable interest entity (VIE) that meets the definition of a business. The amendments differ from current U.S. GAAP because, for certain transactions, they replace the r …

NewAccountingPronouncementsPolicyPolicyTextBlock · excerpt; the full note is in the filing

NOTE 15. RELATED PARTY TRANSACTIONS Amounts due from related parties as of February 28, 2026 and May 31, 2025 are as follows: SCHEDULE OF RELATED PARTY TRANSACTION Amounts due from related parties As of Relationship with the Company February 28, 2026 May 31, 2025 (unaudited) (audited) $ $ New Charles Technology Group Limited Controlled by Lixin Cai 300 300 Hangzhou Xieli Internet Technology Co., Ltd Controlled by Cuiyao Luo 103,325 82,171 Total 103,625 82,471 As of February 28, 2026, the Company paid expenses $ 300 on behalf of New Charles Technology Group Limited and advanced a short term loan $ 103,325 to Hangzhou Xielie Internet Technology Co., Limited to pay administrative expenses, which is unsecured, interest-free and repayable on demand. Amounts due to related parties As of ` Relationship with the Company February 28, 2026 May 31, 2025 (unaudited) (audited) $ $ Cuiyao Luo CFO & major shareholder 380,091 359,662 Rudong Shi Director 10,058 9,597 Total 390,149 369,259 As of February 28, 2026 Cuiyao Luo advanced $ 380,091 and Rudong Shi advanced $ 10,058 respectively to the Company as working capital and to pay administrative expenses, which is unsecured, interest-free and payable on demand for working capital purpose. Business transactions with related parties As of February 28, 2026 and 2025, the Company has business transactions with minority shareholders, below are the detail: SCHEDULE OF BUSINESS TRANSACTION WITH RELATED PARTIES Name of Related Relationship with t …

RelatedPartyTransactionsDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 18 SEGMENT INFORMATION ASC Topic 280, Segment Reporting, establishes standards for companies to report in their financial statement information about operating segments, products, services, geographic areas, and major customers. Operating segments are defined as components of an enterprise that engage in business activities from which it may recognize revenues and incur expenses, and for which separate financial information is available that is regularly evaluated by the Companys chief decision maker, who is the CEO in deciding how to allocate resources and assess performance. Currently, the Company has three reportable business segments: (1) Brand Name Management Fees and Services, mainly provided brand name Chejiangling/Teenage Hero Car to the customers. Customers are authorized to operate their workshop under the brand name of Chejiangling/Teenage Hero Car. (2) Motor Oil and Auto Parts, mainly provided motor oil products and spare parts to the customers. (3) Exhaust Gas Cleaner and Other, mainly provided exhaust gas cleaner products to the customers. In the following table, revenue is disaggregated by reportable segments: SCHEDULE OF DISAGGREGATION OF REVENUE For the three months ended February 28, 2026 Brand Name Management Fees and Services Segment Motor Oil & Auto Parts Segment Exhaust Gas Cleaner and Others Segment Total $ $ $ $ Revenue Brand Name Management Fees and Services 1,126 - - 1,126 Motor Oil & Auto Parts - 110,356 - 110,356 Exhaust Gas Cleaners a …

SegmentReportingDisclosureTextBlock · excerpt; the full note is in the filing

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Basis of presentation and liquidation The condensed consolidated balance Sheets as of February 28, 2026 and May 31, 2025 and the condensed consolidated statements of operations and comprehensive income (loss), shareholders equity, and cash flow for the three months and nine months ended February 28, 2026 and 2025 have been prepared by the Company is in conformity with generally accepted accounting principles in the United States (U.S. GAAP). The Company incurred net loss of $ 99,214 and $ 64,638 during the three months ended February 28, 2026 and 2025, respectively. As of February 28, 2026 and May 31, 2025, the Company had an accumulated deficit of $ 7,891,793 and $ 7,647,505 , respectively. The Companys net cash inflow provided by operations was $ 129,802 during the nine months ended February 28, 2026. As of February 28, 2026 and May 31, 2025, the Company had cash and cash equivalents of $ 144,747 and $ 10,037 and current liabilities of $ 2,293,798 and $ 1,855,286 respectively. The Companys 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 Companys 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 limitat …

SignificantAccountingPoliciesTextBlock · excerpt; the full note is in the filing

NOTE 19 SHAREHOLDER EQUITY The Company has authorized 490,000,000 common shares, par value $ 0.001 . Each common share entitles the holder to one vote, in person or proxy, on any matter on which action of the stockholders of the corporation is sought. As of February 28, 2026 and May 31, 2025, there were 102,270,517 and 102,270,517 , respectively, common shares issued and outstanding. There was no new share issued during the period ended February 28, 2026.

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NOTE 21. SUBSEQUENT EVENT Inaccordance with ASC 855-10, the Company has analyzed its operations subsequent to the February 28, 2026 to the date these financial statements were issued and has determined that there is no other matter or circumstance arisen since February 28, 2026, 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. …

SubsequentEventsTextBlock · excerpt; the full note is in the filing