Quarterly report pursuant to Section 13 or 15(d)

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.19.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
9 Months Ended
Mar. 31, 2019
Accounting Policies [Abstract]  
Schedule of depreciation of property and equipment

Depreciation of property and equipment is provided using the straight-line method over estimated useful lives as follows: 

 

Furniture and fixtures  5-10 years 
Office equipment 3-5 years
Vehicles 5 years
Schedule of exchange rates used to translate amounts

The exchange rates used to translate amounts in RMB to USD for the purposes of preparing the consolidated financial statements were as follows 

 

  March 31,
  2019   2018
Period end USD:RMB exchange rate 6.7121   6.2802
Average USD:RMB exchange rate 6.8271   6.5480