Related Party Transactions

12 Months Ended

Mar. 31, 2018

8 — RELATED PARTY TRANSACTIONS

Related parties’ relationships as follows:

	Name		Relationship
	Mr. Sun JianJun		CEO of the Company.
	Mr. Han Yu		Majority shareholder of the Company.
	HangZhou TianQi Network Technology Co. Ltd.		Mr. Han Yu, Majority shareholder of the Company owns 27%.
	Mr. Liao Xu		CMO of the Company.
	Mr. Yuan Qiang		CTO of the Company
	Mr. Sun Mang Yue		Director, CEO and shareholder of the Company’s subsidiary

Other related parties’ receivables consist of the following:

	March 31, 2018		March 31, 2017
Mr. Han Yu	$	40,414	$	37,425
Mr. Sun Mang Yue		226,545		-
Mr. Yuan Qiang		-		23,190
Mr. Liao Xu		-		6,530
Total	$	266,959	$	67,145

The outstanding receivables from Mr. Han Yu, Mr. Yuan Qiang, Mr. Liao Xu consist of working capital advances and borrowings or cash advances for travel expenses. These amounts are due on demand and non-interest bearing. On October 9, 2016, Mr. Han Yu repaid $1,334,064 (RMB 8,917,562) to the Company.

Other related parties’ payables consist of the following:

	March 31, 2018		March 31, 2017
Mr. Sun JianJun	$	19,971	$	-
HangZhou TianQi Network Technology Co. Ltd.		44,727		42,960
Total	$	64,698	$	42,960

Outstanding payables to Mr. Sun JianJun consist of working capital advances and borrowings. These amounts are due on demand and non-interest bearing.

Outstanding payable to HangZhou TianQi Network Technology Co. Ltd., consist of rent owed which are non-interest bearing and due on demand.