Loan Expiry Date

Loan Amount

(RMB)

Loan Amount

(U.S. Dollars)

Short-term loan receivables

JiangHuai (Project - Yu Jin Jiang An)

May 31, 2013

2,000

325

Less: allowance for doubtful receivables

(2,000

)

(325

)

Net loan receivable from property development projects

—

Long-term loan receivables

Jun Zhou Zhi Ye

Oct 31, 2016

5,000

814

Less: transfer – down-payment for purchase of investment property

(5,000

)

(814

)

Net loan receivable from property development projects

—