RELATED PARTY TRANSACTIONS

6 Months Ended

Dec. 31, 2019

Common Shares Issued to Executive and Non-Executive Officers and Directors

As of December 31, 2019, a total of 6,388,010 shares were issued to officers and directors. Please see the table below for details:

Name

Title

Share QTY

Date

% of

Common

Share

Jian Li

CEO & President

6,388,010

2/6/2013 & 11/27/2013

80.21

*The percentage of common shares was based on the total outstanding shares of 7,964,090 as of December 31, 2019.

Loans to Officer/Shareholder

From the period of April 1, 2012 to February 28, 2013, the former company officer, Keming Li, loaned $ 25,787 to First America Resources Corporation (formerly known as Golden Oasis New Energy Group Inc.) without interest and without written agreement. The payment term is on demand.

On February 6, 2013, Mr. Keming Li sold his shares to Mr. Jian Li, and Mr. Jian Li became the loan holder for all the prior loans advanced by the former officer, Mr. Keming Li. As of March 31, 2013, the total loans from shareholder or officer was $25,787.

For the period of April 1, 2013 to June 30, 2018, the officer and director Jian Li additionally loaned $121,146 to the Company for continually operating of the business.

For the period of July 1, 2018 to June 30, 2019, the officer and director Jian Li additionally loaned $15,000 to the Company for continually operating of the business.

For the period of July 1, 2019 to December 31, 2019, the officer and director Jian Li additionally loaned $15,000 to the Company for continually operating of the business.

As of December 31, 2019, the total loan outstanding from officer and director Jian Li is $176,933.