Contingencies and Commitments

3 Months Ended

Nov. 30, 2011

Contingencies and Commitments

Contingencies and Commitments

NOTE 16 – CONTINGENCIES AND COMMITMENTS

Operating lease commitments

As of November 30, 2011, two PRC subsidiaries had arranged non-cancelable operating leases with third parties for their office premises.  The expected annual lease payments under these operating leases are as follows:

Within 1 year	$	58,785
Total	$	58,785