SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2020

Accounting Policies [Abstract]

Summary of Useful life of Assets

Property, plant and equipment are stated at cost less accumulated depreciation and accumulated impairment losses, if any. Depreciation is calculated on the straight-line basis over the following expected useful lives from the date on which they become fully operational and after taking into account their estimated residual values:

	Expected useful life
Service yacht	10 years
Motor vehicle	5 years

Schedule of Foreign Currency Translations

Translation of amounts from RMB and HK$ into US$ has been made at the following exchange rates for the period ended March 31, 2020 and December 31, 2019:

	March 31, 2020	December 31, 2019
Period-end RMB:US$ exchange rate	7.0876	6.9668
Period average RMB:US$ exchange rate	6.9798	6.9668
Period-end HK$:US$ exchange rate	7.7525	7.7872
Period average HK$:US$ exchange rate	7.7705	7.8346