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RELATED PARTY TRANSACTIONS AND BALANCES (Tables)
6 Months Ended
Sep. 30, 2020
RELATED PARTY TRANSACTIONS AND BALANCES  
Summary of amounts payable to stockholders, related parties and affiliates

 

This is comprised of amounts payable to two stockholders and are unsecured, interest free and due on demand.

 

 

 

 

 

 

 

 

 

    

September 30, 

    

March 31, 

 

 

2020

 

2020

 

 

(Unaudited)

 

 

 

Jun Wang

 

$

47,084

 

$

73,384

Xiang Hu

 

 

 —

 

 

108,711

Total due to stockholders

 

$

47,084

 

$

182,095

Total due to stockholders - discontinued operations

 

 

(47,084)

 

 

(182,095)

Total due to stockholders - continuing operations

 

$

 —

 

$

 —

 

3)Due to related parties and affiliates

 

 

 

 

 

 

 

 

 

    

September 30, 

    

March 31, 

 

 

2020

 

2020

 

 

(Unaudited)

 

 

 

Loan payable to related parties (i)

 

$

271,751

 

$

202,487

Others (ii)

 

 

27,615

 

 

26,478

Total due to related parties and affiliates

 

 

299,366

 

 

228,965

Total due to related parties and affiliates - discontinued operations

 

 

 —

 

 

(76,286)

Total due to related parties and affiliates - continuing operations

 

$

299,366

 

$

152,679

 

(i)

As of September 30, 2020 and March 31, 2020, the balances represented borrowings from three related parties, which are unsecured, interest free and due in the fiscal year of 2021. 

(ii)

As of September 30, 2020 and March 31, 2020, the balances represented $27,615 and 26,478, respectively of payables to three other related parties for operational purposes. These balances are interest free and due on demand.