SHAREHOLDERS EQUITY (DEFICIT)

12 Months Ended

Jun. 30, 2022

SHAREHOLDERS EQUITY (DEFICIT)

STOCKHOLDERS' DEFICIT

9. SHAREHOLDERS’ EQUITY (DEFICIT)

(a) Preferred stock

The Company was authorized to issue one hundred million (100,000,000) shares of preferred stock, par value $0.001 per share. On June 30, 2022, one thousand shares of preferred stock have been issued.

(b) Common stock

Shares authorized

Upon formation, the total number of shares of all classes of stock which the Company was authorized to issue seventy-five million (75,000,000) shares of common stock, par value of $0.001 per share. On December 15, 2018, the Company increased its authorized common shares to 500,000,000 shares at par value $0.001 per share.

Common stock issued

On June 24, 2022, the Company issued an aggregate 8,000,000 shares of its common stock at the price of $0.6 per share to acquire 100% interest of Union.

On June 24, 2022, the Company issued 105,000 shares of common stock at the price of $0.6 per share to compensate certain directors in rendering services to the Company.

As of June 30, 2022, the Company had a total of 109,225,000 shares of its common stock issued and outstanding.

As of June 30, 2021, the Company had a total of 101,210,000 shares of its common stock issued and outstanding.