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Related Party Transactions
6 Months Ended
Sep. 30, 2017
Related Party Transactions [Abstract]  
Related Party Transactions

  6. RELATED PARTY TRANSACTIONS

 

Name of Related Parties   Relationship with the Company
Zhida Hong   President, CEO, CFO and a director of the Company
Zhongpeng Chen   A legal representative of HPF
Bihua Yang   A legal representative of XKJ
Dewu Huang   A legal representative of DT
Qiuying Chen   A spouse of legal representative of DT
Yingping Ding   A legal representative of HSW
Jinlong Huang   A spouse of legal representative of HSW

 

The Company leases Shenzhen XKJ office with rent-free from Bihua Yang.

 

The Company had the following related party balances at the end of the period/year:

 

Amounts due from related parties   September 30, 2017     March 31, 2017  
Zhida Hong   $ 23,606     $ 9,190  
Bihua Yang     74,905       118,358  
    $ 98,511     $ 127,548  

 

Amounts due to related parties   September 30, 2017     March 31, 2017  
Zhongpeng Chen     657,045       554,158  
Dewu Huang     57,635       121,794  
Yinping Ding     291,929       983,452  
Jinlong Huang     1,564,398       1,218,846  
    $ 2,571,007     $ 2,878,250  

 

The balances represent cash advances paid to or due from legal representatives for reimbursable company expenses.

 

The balances with related parties are unsecured, non-interest bearing and repayable on demand. These balances were fully settled in 2018.