SHORT-TERM BANK LOANS

6 Months Ended

Dec. 31, 2013

NOTE 11. SHORT-TERM BANK LOANS

Short-term bank loans consisted of the following:

	June 30, 2013		December 31, 2013		December 31, 2013
	RMB		RMB		U.S. Dollars
Communication Bank, 6.6% annual interest, due on November 15, 2014	¥	3,090,000	¥	3,090,000	¥	505,695
Communication Bank, 6.6% annual interest, due on November 15, 2014		1,910,000		1,910,000		312,582

Beijing Bank,5.75% annual interest, due on February 25, 2014		1,200,000		840,000		137,471

Beijing Bank, 5.75 % annual interest, due on February 27, 2014		600,000		420,000		68,735

Beijing Bank, 5.75 % annual interest, due on April 9, 2014		1,200,000		1,200,000		196,386

Beijing Bank, 5.75 % annual interest, due on April 16, 2014		900,000		900,000		147,290

Beijing Bank,5.75 % annual interest, due on March 11, 2014		1,100,000		1,100,000		180,021
Industrial and commercial bank, floating interest rate at 6.3%, due on July 28, 2014		-		3,060,000		500,786
Industrial and commercial bank, floating interest rate at 6.3%, due on August 8, 2014		-		1,000,000		163,655
Industrial and commercial bank, floating interest rate at 6.3%, due on February 24, 2014		-		3,000,000		490,966
Industrial and commercial bank, floating interest rate at 6.3%, due on June 12, 2014		-		2,840,000		464,782

Total short-term bank loans	¥	10,000,000	¥	19,360,000	$	3,168,369

Interest expense for short-term bank loans was ¥272,284 and ¥257,085 ($42,073) for the three months ended December 31, 2012 and 2013, respectively.

Interest expense for short-term bank loans was ¥746,409 and ¥476,757 ($78,024) for the six months ended December 31, 2012 and 2013, respectively.

The entire disclosure for short-term debt.