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

RELATED PARTY TRANSACTIONS

v3.21.4
RELATED PARTY TRANSACTIONS
12 Months Ended
Sep. 30, 2021
RELATED PARTY TRANSACTIONS  
RELATED PARTY TRANSACTIONS

NOTE 9 – RELATED PARTY TRANSACTIONS

Net amounts due to related parties consisted of the following as of September 30, 2021 and 2020:

As of September 30, 

Accounts

    

Name of related parties

    

2021

    

2020

Related party payables

 

Shareholder, HUANG Jian Cong

$

974,216

$

1,187,339

Related party payables

 

Other Affiliates of the Company

 

98,119

 

128,464

Due from Related Parties

Other Affiliates of the Company

47,135

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, 2021 and 2020, the Company had outstanding loans with total amount of $974,216 and $1,187,339 from its shareholder, HUANG Jian Cong. As of September 30, 2020 the Company had outstanding amount due from one related party with an amount of $47,135, which was fully collected during fiscal year 2021.