* The Company repaid the loans in full.

Interest expense for short-term borrowings due to a third party were ¥nil, ¥ 30,000 and ¥nil for the years ended June 30, 2020, 2021 and 2022, respectively.

Short-term borrowings due to related parties consisted of the following:


	June 30,		June 30,		June 30,
	2021		2022		2022
Short-term borrowings due to related parties:	RMB		RMB		U.S. Dollars
Short-term borrowing from a founder, 4.35% annual interest, due on December 21, 2021*	¥	5,006,042	¥	—	$	—
Short-term borrowing from a founder, 4.35% annual interest, due on March 25, 2022*		4,000,000		—		—
Short-term borrowing from a founder’s family member, 0% annual interest, due on December 31, 2021*		670,000		—		—
Short-term borrowing from a founder’s family member, 0% annual interest, due on March 24, 2022*		3,000,000		—		—
Short-term borrowing from a founder, 4.35% annual interest, due on November 17, 2022		—		4,006,767		598,228
Short-term borrowing from a founder, 4.35% annual interest, due on December 26, 2022		—		5,002,389		746,879
Total short-term borrowings due to related parties	¥	12,676,042	¥	9,009,156	$	1,345,107

* The Company repaid the loans in full on maturity date.

No short-term borrowings due to related parties were guaranteed or collateralized at June 30, 2021 and 2022.

Interest expense for short-term borrowings due to related parties were ¥ 506,358, ¥ 433,281 and ¥ 397,468 ($59,344) for the years ended June 30, 2020, 2021 and 2022, respectively.