INVESTMENT IN PROPERTY DEVELOPMENT

6 Months Ended

Dec. 31, 2011

Notes to Financial Statements

Note 9 - INVESTMENT IN PROPERTY DEVELOPMENT

The following table presents the Company’s investment in property development in China as of December 31, 2011. The exchange rate is based on the exchange rate as on December 31, 2011 published by the Monetary Authority of Singapore.

	Investment Date	Investment Amount						Investment Amount
		(RMB)						(U.S. Dollars)
Investment in developments - JiaSheng	08/27/2007		10,000			1,564
Investment in developments - JiaSheng	12/17/2007		5,000			782
Return of investment in developments  - JiaSheng	06/26/2008		(5,000)	)		(782)			)
Return of investment in developments - JiaSheng	10/23/2008		(1,988)	)		(311)			)
Return of  investment in developments - JiaSheng	11/20/2009		(1,988)	)		(311)			)
Return of  investment in developments - JiaSheng	11/03/2010		(2,651)	)		(415)			)
Return of  investment in developments - JiaSheng	11/08/2010		(723)	)		(113)			)
Return of  investment in developments - JiaSheng	11/09/2010		(301)	)		(47)			)
Return of  investment in developments - JiaSheng	11/10/2010		(1,807)	)		(283)			)
Return of  investment in developments - JiaSheng	11/12/2010		(542)	)		(84)			)
Total: Investment in property developments – Jia Sheng (project B-48 Phase 1)			--		-		--

In fiscal 2008, Trio-Tech (Chongqing) Co. Ltd. (“TTCQ”) entered into a Memorandum Agreement with JiaSheng Property Development Co. Ltd., (“JiaSheng”) to invest in a piece of property (project B-48 phase 1) with 24.91 acres owned and developed by JiaSheng located in Chongqing City, China, which was intended for sale after the completion of development.  TTCQ invested RMB15,000 and the Company recorded a return of investment totaling RMB15,000. From fiscal 2008 through fiscal 2010 the Company recorded a return on investment totaling RMB5,874, or approximately $937 and in fiscal 2011 recorded a return on investment amounting to RMB3,976, or approximately $595. There were no new investments in property development made during the period six months ended December 31, 2011.