XML 111 R13.htm IDEA: XBRL DOCUMENT v2.4.0.8
Note 8 - Amount Due From/(to) Directors
6 Months Ended
Jun. 30, 2013
Notes  
Note 8 - Amount Due From/(to) Directors

NOTE 8 – AMOUNT DUE FROM/(TO) DIRECTORS

 

As of the balance sheet dates, the Company’s current accounts with the directors are summarized as follows:

 

 

June 30,

2013

December 31,

 2012

 

 

 

Xinzhang Ye

$85,752

$76,082

 

 

 

Xinghua Chen

$(645,834)

$(844,336)

 

 

 

The amount due from Mr. Xinzhang Ye represents temporary advances to the director for the Company’s daily operating expenses.  The balances are unsecured, interest free, and have no fixed terms of repayments.

 

The amount due to Mr. Xinghua Chen represents temporary advances from the director for the Company’s working capital use. The balance is unsecured, interest free, and has no fixed terms of repayment.