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SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
 12 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Short-term Debt [Text Block]
NOTE 12. SHORT-TERM BORROWINGS DUE TO RELATED PARTIES
 
 
 
June 30, 2014
 
June 30, 2015
 
June 30, 2015
 
Short-term borrowings due to related parties:
 
RMB
 
RMB
 
U.S. Dollars
 
Short-term borrowing from a Founder, 6.6% annual interest, due on December 25, 2014
 
¥
5,007,728
 
¥
-
 
 
-
 
Short-term borrowing from a Founder, 7.2% annual interest, due on October 20, 2015(B)
 
 
-
 
 
6,013,200
 
 
987,584
 
Short-term borrowing from a Founder, 6.0% annual interest, due on October 2, 2015
 
 
-
 
 
3,403,431
 
 
558,966
 
Short-term borrowing from a Founder, 6.16% annual  interest, due on October 12, 2015
 
 
-
 
 
1,600,274
 
 
262,823
 
Short-term borrowing from a Founder's family member, no interest, due on various dates.(A)
 
 
-
 
 
5,700,000
 
 
936,145
 
Short-term borrowings from Xiamen Huasheng Haitian Computer Network Co. Ltd., no interest, due on November 14, 2015 (C)
 
 
200,000
 
 
200,000
 
 
32,847
 
 
 
 
 
 
 
 
 
 
 
 
Total short-term borrowings due to related parties
 
¥
5,207,728
 
¥
16,916,905
 
$
2,778,365
 
 
(A)
On August 20, 2015, ¥ 1,500,000 ($246,354) was paid back to the Founder’s family member. 
(B)
On August 19, 2015, the Company repaid ¥1,800,000 ($295,625) of short-term borrowing with an interest of ¥37,200 ($6,110).
(C)
On August 31, 2015, this obligation was satisfied.
 
Interest expense for short-term borrowings due to related parties was ¥326,953 and ¥593,884 ($97,537) for the years ended June 30, 2014 and 2015, respectively.