The accounts of the Company's Chinese subsidiary are maintained in RMB and the accounts of the U.S. parent company are maintained in USD. The accounts of the Chinese subsidiary were translated into USD in accordance with Accounting Standards Codification ("ASC") Topic 830 "Foreign Currency Matters". According to Topic 830, all assets and liabilities were translated at the exchange rate on the balance sheet date; stockholders' equity is translated at historical rates and statement of income items are translated at the weighted average exchange rate for the period. The resulting translation adjustments are reported under other comprehensive income in accordance with ASC Topic 220, "Comprehensive Income." Gains and losses resulting from the foreign currency transactions are reflected in the statements of income.

Translation adjustments resulting from this process amounted to $(1,619,240) and $387,442 for the three months ended December 31, 2015 and 2014, and $(4,384,481) and $309,794 for the nine months ended December 31, 2015 and 2014, respectively.

The following exchange rates were used to translate the amounts from RMB into United States dollars ("USD") for the respective periods:

	December 31,		December 31,
	2015		2014
Period End Exchange Rate (RMB/USD)		6.4936		6.1190
Average Period Exchange Rate (RMB/USD)		6.2559		6.1362