Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

RELATED PARTY TRANSACTIONS

v3.10.0.1
RELATED PARTY TRANSACTIONS
12 Months Ended
Sep. 30, 2018
Related Party Transactions [Abstract]  
Related Party Transactions Disclosure [Text Block]
NOTE 9 – RELATED PARTY TRANSACTIONS
 
Net amounts due to related parties consisted of the following as of September 30, 2018 and 2017:
 
 
 
 
 
As of September 30,
 
Accounts
 
Name of related parties
 
2018
 
 
2017
 
Related party payables
 
Shareholder, HUANG Jian Cong
 
$
3,584,216
 
 
$
7,911,720
 
Related party payables
 
Other Affiliates of the Company
 
 
110,253
 
 
 
-
 
Total due to related parties
 
 
 
$
3,694,469
 
 
$
7,911,720
 
 
This represented unsecured and interest free borrowings between the Company and Huang Jiancong and other related parties to the Company. For the years
end September 30, 2018 and 2017, the Company borrowed $3,584,216 and $6,051,523
from its shareholder, HUANG Jian Cong, which have a loan term from October 01, 2017 to September 30, 2020
.