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DUE TO SHAREHOLDERS
3 Months Ended
Mar. 31, 2016
Notes to Financial Statements  
Note 5 - DUE TO SHAREHOLDERS

The balance of $3,239,643 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 March 31, 2016.

 

Due to shareholders consists of the following:

 

   

March 31,

2016

   

December 31,

2015

 
                 
Due to Wang Shengli   $ 1,711,237     $ 1,699,954  
Due to Zhang Hongjun     940,928       934,722  
Due to Chen Min   $ 587,478     $ 584,501  
    $ 3,239,643     $ 3,219,177