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DUE TO SHAREHOLDERS
12 Months Ended
Dec. 31, 2015
Notes to Financial Statements  
Note 8 - DUE TO SHAREHOLDERS

The balance of $3,219,177 due to shareholders represents the loans owed to the shareholders, which are interest free and unsecured. The management does not intend to repay the loans within twelve months from December 31, 2015.

 

Due to shareholders consist of the following:

 

    December 31,
2015
    December 31,
2014
 
Due to Wang Shengli   $ 1,699,954     $ 1,795,296  
Due to Zhang Hongjun     934,722       987,147  
Due to Chen Min     584,501       609,549  
    $ 3,219,177     $ 3,391,992