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11. EQUITY (Details Narrative) | 6 Months Ended
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Jun. 30, 2016
Equity Details Narrative |
Statutory Common Reserve Funds Description | SCHC, SYCI and SCRC are required each year to transfer at least 10% of the profit after tax as reported under the PRC statutory financial statements to the Statutory Common Reserve Funds until the balance reaches 50% of the registered share capital. This reserve can be used to make up any loss incurred or to increase share capital. Except for the reduction of losses incurred, any other application should not result in this reserve balance falling below 25% of the registered capital. The Statutory Common Reserve Fund as of June 30, 2016 for SCHC, SYCI and SCRC is 42%, 50% and 10% of its registered capital respectively.

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