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SHORT-TERM LOAN
9 Months Ended
Dec. 31, 2020
SHORT-TERM LOAN  
NOTE 6 - SHORT-TERM LOAN

Short-term loan consists of two notes payable to Ms. Wu, Fengqun, an unrelated third party, in the amount of $127,848(RMB834,673), annual fixed interest of $100, maturity date of April 11, 2020; and also in the amount of $44,411(HKD344,345), annual fixed interest of $50, maturity date of April 11, 2020. These two notes were extended to mature on March 31, 2021 with no interest.

 

As of December 31, 2020 and March 31, 2020, short-term loan outstanding was $172,259 and $162,321 respectively.

 

During the nine months ended December 31, 2020, the Company repaid $0 to Ms. Wu, Fengqun.