BUSINESS COMBINATION (Tables)

6 Months Ended

Dec. 31, 2021

ORGANIZATION AND BUSINESS BACKGROUND

Schedule of purchase price allocation

Acquired assets:	US$
Cash and cash equivalents	$	2,432
Prepayments		1,743
Plant and equipment		2,138
Amount due from related parties		21,203
		27,516
Less: Assumed liabilities
Accrued liabilities and other payables		(7,053	)
		(7,053	)
Fair value of net assets acquired		20,463
Non-controlling interest		(10,027	)
Exchange difference		-
Goodwill recorded		120,916
Cash consideration allocated	$	131,352