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Convertible Notes Payable (Tables)

9 Months Ended

Mar. 31, 2021

Debt Disclosure [Abstract]

Schedule of convertible notes payable

No.		Related Acquisitions of Sales VIEs		Issuance Date		Maturity Date		Notional Interest Rate				Conversion Price			Notional Amount (in RMB)
1		Wangtian, Lishijie, Xindeguo, Xinyulei, Jinyangguang		June 30, 2016		June 30, 2019			3	%		$	5.00			39,000,000
2		Fengnong, Xiangrong		January 1, 2017		December 31, 2019			3	%		$	5.00			12,000,000

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- Definition

Tabular disclosure of borrowings which can be exchanged for a specified number of another security at the option of the issuer or the holder. Disclosures include, but are not limited to, principal amount, amortized premium or discount, and amount of liability and equity components.

+ References

No definition available.

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- References

No definition available.

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