Contingencies and Commitments

12 Months Ended

May 31, 2012

Contingencies and Commitments:

Contingencies and Commitments

NOTE 17 – CONTINGENCIES AND COMMITMENTS

Operating lease commitments

As of May 31, 2012, 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:

May 31,
2013	$	18,175
Total	$	18,175