RELATED PARTY TRANSACTIONS (Tables)

3 Months Ended

Sep. 30, 2021

Related Party Transactions [Abstract]

SCHEDULE OF DUE TO RELATED PARTIES

As of September 30, 2021 and June 30, 2021, the outstanding amounts due from related parties consisted of the following:

	September 30, 2021		June 30, 2021
Yang Bin	$	46,454	$	46,454
Beijing Huiyinansheng Asset Management Co., Ltd (a.)		23,227		23,228
Lin Baolin		108,393		-
Wang Qiwei		62,714		62,716
Total due from related parties		240,788		132,398
Less: due from related parties, held for discontinued operations		-		-
Due from related parties, held for continuing operations	$	240,788	$	132,398

a. This company is wholly owned by one of the Company’s senior managements.

Due to Related Parties

As of September 30, 2021 and June 30, 2021, the Company had related party payables of US$4,355,733 and US$1,159,407, respectively, mainly due to the principal stockholders or certain relatives of the stockholders of the Company who lend funds for the Company’s operations. The payables are unsecured, non-interest bearing, and due on demand.

	September 30, 2021		June 30, 2021
Wu Yang	$	99,179	$	99,183
Wang Sai		91,433		91,433
Zhou Guocong		533,656		551,314
Li Baolin		232,270		232,275
Zhao Min		217,093		185,202
Zhou Shunfang		3,182,102		-
Total due to related parties		4,355,733		1,159,407
Less: due to related parties, held for discontinued operations		-		-
Due to related parties, held for continuing operations	$	4,355,733	$	1,159,407

SCHEDULE OF DUE TO RELATED PARTIES

As of September 30, 2021 and June 30, 2021, the Company had related party payables of US$4,355,733 and US$1,159,407, respectively, mainly due to the principal stockholders or certain relatives of the stockholders of the Company who lend funds for the Company’s operations. The payables are unsecured, non-interest bearing, and due on demand.

	September 30, 2021		June 30, 2021
Wu Yang	$	99,179	$	99,183
Wang Sai		91,433		91,433
Zhou Guocong		533,656		551,314
Li Baolin		232,270		232,275
Zhao Min		217,093		185,202
Zhou Shunfang		3,182,102		-
Total due to related parties		4,355,733		1,159,407
Less: due to related parties, held for discontinued operations		-		-
Due to related parties, held for continuing operations	$	4,355,733	$	1,159,407