RELATED PARTY TRANSACTIONS

9 Months Ended

Dec. 31, 2020

RELATED PARTY TRANSACTIONS

NOTE 8 - RELATED PARTY TRANSACTIONS

During the nine months ended December 31, 2020, Mr. Jiang, Libin, the President and a director of the Company, had advanced the Company $295,066 for operating expenses, received $76,235 from the Company as repayments. During the nine months ended December 31, 2019, Mr. Jiang, Libin, the President and a director of the Company, had advanced the Company $117,033 for operating expenses. These advances have been formalized by non-interest-bearing demand notes.

As of December 31, 2020, the Company owed $487,358 and $901,735 to Mr. Tsap, Wai Ping, the former President of the Company (the “Former President”) and Mr. Jiang, Libin respectively.

As of March 31, 2020, the Company owed $487,358 and $683,420 to Mr. Tsap, and Mr. Jiang, Libin respectively.

The loans due to related parties are due on demand, non-interest bearing, and unsecured.