Convertible Notes Payable (Tables)

12 Months Ended

Jun. 30, 2017

Loan Payables & Convertible Notes Payable [Abstract]

Summary of convertible notes payable

No.		Related Acquisitions of Sales VIEs	Issuance Date	Maturity Date	Notional Interest Rate			Conversion Price		Notional Amount (in RMB)
	1	Wangtian, Lishijie, Shenqiu, Xindeguo, Xinyulei, Jinyangguang	June 30, 2016	June 30, 2019		3	%	$	5.00		51,000,000
	2	Fengnong, Xiangrong	January 1, 2017	December 31, 2019		3	%	$	5.00		12,000,000