Related Party Transactions | Note 4 – Related Party Transactions The Company’s sole officer and director, and also a shareholder, Mr. Kingrich Lee, loaned or paid expenses of the Company an aggregate of $48,140 and $65,796 to the Company during the three and nine months ended December 31, 2020, respectively. Accordingly, Mr. Kingrich Lee is owed an aggregate amount of $1,189,101 and $1,123,305 as of December 31, 2020 and March 31, 2020, respectively, from the Company. The amounts are unsecured, non-interest bearing and are due on demand. On November 1, 2018, we entered into a one-year employment agreement with Mr. Lee to continue his employment as our Chief Executive Officer, continuing on a year-to-year basis thereafter unless terminated by either party on not less than thirty (30) days’ notice prior to the expiration of the one-year extension anniversary (current agreement is through October 31, 2021). His salary is $180,000 a year. Additionally, he shall be entitled to an education allowance for his children who are attending full-time local education from kindergarten to senior secondary levels in any type of school and a housing allowance of $3,000 a month. As of December 31, 2020, Mr. Kingrich Lee was owed $295,500 of salary and housing allowance pursuant to his employment agreement, which is recorded in accrued officer compensation. Upon termination of Mr. Lee’s employment, except for termination for cause or termination by Mr. Lee, he shall be entitled to a payment equal to two (2) months’ salary ($30,000 at December 31, 2020) and shall also be eligible to retain his other benefits for a period of six (6) months (a minimum of $18,000 in housing allowance at December 31, 2020 plus any eligible education expenses). |