v3.21.2

Advances to Suppliers | 12 Months Ended
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Jun. 30, 2021
Advances To Suppliers [Abstract] |
ADVANCES TO SUPPLIERS | Note 6. ADVANCES TO SUPPLIERS The Company’s advances to suppliers – third parties are as follows:
|  | June 30, |  |  | June 30, |
|  | 2021 |  |  | 2020 |
Freight fees (1) |  | $ | 880,000 |  |  | $ | 48,875 |
| (1) | The advanced freight fee is the Company’s prepayment made for various shipping costs for shipments from July to September 2021. On December 1, 2020, the Company entered into a freight logistics services and import contract with a third party for equipment import. Per contract term, the Company will act as their freight carriers and in charge the import matter of such equipment. The Company agreed to pay a deposit of $580,000 which is based on 20% of the total carrying value of equipment on behalf of customer to secure the equipment. The advance will be repaid to the Company when the contract is fulfilled in around December 2021

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