Related party transactions (Tables)

3 Months Ended

Mar. 31, 2019

Schedule of Significant Related Party Transactions

The related party transactions are summarized as follows:

	Three-Month Period Ended March 31,
	2019		2018
	US$		US$
Transactions with related parties:
Interest-free advances from a senior management employee of HLJ Xinda Group		289,298		-

Schedule of Related Parties Balances

The related party balances are summarized as follows:


	March 31, 2019		December 31, 2018
	US$		US$
Amounts due to related parties:
Mr. Jie Han (i)		10,098,760		9,907,915
Mr. Jie Han’s wife (i)		3,232,606		3,180,965
Mr. Jie Han’s son (i)		742,556		728,523
Senior management employees in HLJ Xinda Group and Sichuan Xinda (ii)		4,921,829		4,548,335
Total amounts due to related parties		18,995,751		18,365,738

(i) During the year ended December 31, 2018, the Company received RMB68.0 million (equivalent to US$10.1 million) from Mr. Jie Han, the Chairman of the Company, RMB21.8 million (equivalent to US$3.2 million) from Ms. Limei Sun, the wife of Mr. Jie Han, RMB5.0 million (equivalent to US$0.7 million) from Mr. Tiexin Han, the son of Mr. Jie Han.

(ii) In August 2018, the Company received RMB10.0 million (equivalent to US$1.5 million) each from three senior management employees (Messers Junjie Ma, Yuchong Jia, Guangjun Jiao) of Sichuan Xinda as interest-free advances to Sichuan Xinda. During the year ended December 31, 2018, the Company also received RMB1.2 million (equivalent to US$0.2 million) from a senior management employee (Mr. Rujun Dai) of HLJ Xinda Group as interest-free advances to HLJ Xinda Group. During the three-month period ended March 31, 2019, the Company received another RMB1.9 million (equivalent to US$0.3 million) from Mr. Rujun Dai.