BUSINESS COMBINATION (Tables)

12 Months Ended

Jun. 30, 2022

BUSINESS COMBINATION (Tables)

Schedule of The purchase price allocation resulted $120,832

Acquired assets:	US$
Cash and cash equivalents	$	2,596
Prepayments		1,743
Plant and equipment		2,138
Amount due from related parties		21,203
		27,680
Less: Assumed liabilities
Accrued liabilities and other payables		(7,053	)
		(7,053	)
Fair value of net assets acquired		20,627
Non-controlling interest		(10,107	)
Goodwill recorded		127,399
Cash consideration allocated	$	137,919

Schedule of The purchase price allocation resulted $ 5,029,592

Acquired assets:	US$
Cash and cash equivalents	$	53,942
Deposits		18,432
Plant and equipment		29,401
Other receivable		6,372
Amounts due from related parties		24,545
		132,692
Less: Assumed liabilities
Accounts payable		(61,324	)
Accrued liabilities and other payables		(14,222	)
Amounts due to related parties		(286,738	)
		(362,284	)
Fair value of net liabilities acquired		(229,592	)
Goodwill recorded		5,029,592
Consideration allocated	$	4,800,000