Due from related parties, net

	March 31, 2017			December 31, 2016
	US$(’000)			US$(’000)
	(Unaudited)

Beijing Saimeiwei Food Equipment Technology Co., Ltd.		31			31
Chuangshi Meiwei (Beijing) International Investment Management Co., Ltd.		873			150
Guohua Shiji (Beijing) Communication Co., Ltd.		323			175
Beijing Saturday Education Technology Co., Ltd.		-			1
		1,227			357
Allowance for doubtful debts		(145	)		(144	)
Due from related parties, net		1,082			213

parties of the Company represented the Company’s direct or indirect unconsolidated investee companies. As of

March

31,

2017,

due from related parties primarily included short-term working capital loans of

RMB1.0

million (approximately

US$0.15

million) and

RMB2.2

million (approximately

US$0.32

million) to Chuangshi Meiwei and Guohua Shiji, respectively, and a business cooperation deposit of

RMB5

million (approximately

US$0.73

million), of which

RMB4

million (approximately

US$0.58

million) has been refunded to the Company in early

May

2017,

and the remaining balance will be refunded to the Company in

June

2017.

As of

December

31,

2016,

due from related parties primarily included short-term working capital loans of

RMB1.0

million (approximately

US$0.15

million) and

RMB1.2

million (approximately

US$0.17

million) to Chuangshi Meiwei and Guohua Shiji, respectively. The working capital loans are non-interest bearing and needs to be repaid to the Company within

one

year. Based on the assessment of the collectability, the Company provided approximately

US$145,000

and

US$144,000

allowance for doubtful accounts against its amounts due from related parties as of

March

31,

2017

and

December

31,

2016,

respectively, which was related to the working capital loan lent to Chuangshi Meiwei.