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NOTE RECEIVABLE | 6 Months Ended
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Jun. 30, 2023
Notes and other explanatory information [abstract] |
NOTE RECEIVABLE | 10. NOTE RECEIVABLE On April 28, 2023, the Company completed the sale of Stand Best Creation Limited and its subsidiaries, Hengda and Hengdali, to New Stonehenge Limited for a total of RMB 58,744,000 (equivalent to USD $8,500,000). New Stonehenge Limited has agreed to make the payment in four equal installments on a date that falls 48 months after the effective date of the transaction, with an annual interest rate of 5%. For the six months ended June 30, 2023, the Company record interest income of RMB 491,000.

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