JX Luxventure Limited (JXG) 20-F 17 May 21 2020 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2020shares
Document Information Line Items
Entity Registrant Name	KBS Fashion Group Ltd
Document Type	20-F
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	3,408,646
Amendment Flag	false
Entity Central Index Key	0001546383
Entity Current Reporting Status	Yes
Entity Voluntary Filers	No
Entity Filer Category	Non-accelerated Filer
Entity Well-known Seasoned Issuer	No
Document Period End Date	Dec. 31, 2020
Document Fiscal Year Focus	2020
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
Entity Shell Company	false
Document Annual Report	true
Document Shell Company Report	false
Document Transition Report	false
Entity File Number	001-35715
Entity Incorporation, State or Country Code	1T
Entity Interactive Data Current	Yes

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Income/(Loss) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Profit or loss [abstract]
Revenue	$ 10,876,149	$ 16,465,562	$ 18,535,115
Cost of sales	(8,377,731)	(10,714,519)	(20,851,252)
Gross profit/(loss)	2,498,418	5,751,043	(2,316,137)
Other income	418,638	291,582	122,139
Other gains and (losses)	(2,380,594)	(1,064,588)	(13,522,300)
Distribution and selling expenses	(4,258,504)	(1,094,391)	(2,670,955)
Administrative expenses	(3,439,815)	(3,478,258)	(4,907,020)
(Loss)/profit from operations	(7,161,858)	405,388	(23,294,273)
Finance costs	(62,383)	(67,203)	(96,444)
(Loss)/profit before tax	(7,224,241)	338,185	(23,390,717)
Income tax income/(expense)	1,556,824	(442,590)	5,422,119
Loss for the year	(5,667,417)	(104,405)	(17,968,598)
Other comprehensive loss
- currency translation differences	3,641,747	(951,780)	(3,071,697)
Total comprehensive (loss)/income for the year	$ (2,025,670)	$ (1,056,185)	$ (21,040,295)
Loss per share of common stock attributable to the Company
- Basic (in Dollars per share)	$ (2.09)	$ 0	$ (8.06)
- Diluted (in Dollars per share)	$ (2.09)	$ 0	$ (8.06)
Weighted average shares outstanding:
- Basic (in Shares)	2,712,528	2,517,491	2,229,915
- Diluted (in Shares)	2,712,528	2,517,491	2,229,915

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Non-current assets
Property, plant and equipment-net	$ 2,837,609	$ 6,083,966
Investment property-net	8,274,195	5,099,178
Prepayments and premiums under operating leases	2,339,406	2,261,153
Land use rights	604,970	579,900
Deferred tax assets	16,960,839	14,330,463
Non-current assets	31,017,019	28,354,660
Current assets
Inventories	1,854,998	1,442,260
Trade receivables	11,352,617	10,475,766
Other receivables and prepayments	1,549,002	120,298
Prepayments and premiums under operating leases	80,494	75,318
Cash and cash equivalents	16,621,290	20,620,478
Current assets	31,458,400	32,734,120
Total assets	62,475,419	61,088,780
Current liabilities
Short term bank loans	1,148,959	1,075,084
Trade and other payables	5,356,542	4,578,419
Due to related parties	1,132,811	560,165
Contract liabilities	257,529	173,919
Income tax payable	47,916	256,808
Current liabilities	7,943,757	6,644,394
Total liabilities	7,943,757	6,644,394
Equity
Share capital	341	259
Share premium	11,312,643	9,199,779
Revaluation reserve	184,272	184,272
Statutory surplus reserve	6,084,836	6,084,836
Retained profits	40,406,391	46,073,808
Foreign currency translation reserve	(3,456,821)	(7,098,568)
Total equity	54,531,662	54,444,386
Total liabilities and equity	$ 62,475,419	$ 61,088,780

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Share capital	Share premium	Revaluation reserve	Statutory surplus reserve	Retained profits	Foreign currency translation reserve	Total
Balance at Dec. 31, 2017	$ 198	$ 6,686,169	$ 184,272	$ 6,084,836	$ 64,146,811	$ (3,075,091)	$ 74,027,195
Shares issued for stock based compensation	29	1,314,392					1,314,421
Loss for the year					(17,968,598)		(17,968,598)
Other comprehensive loss for the year						(3,071,697)	(3,071,697)
Balance at Dec. 31, 2018	227	8,000,561	184,272	6,084,836	46,178,213	(6,146,788)	54,301,321
Shares issued for stock based compensation	32	1,199,218					1,199,250
Loss for the year					(104,405)		(104,405)
Other comprehensive loss for the year						(951,780)	(951,780)
Balance at Dec. 31, 2019	259	9,199,779	184,272	6,084,836	46,073,808	(7,098,568)	54,444,386
Shares issued for stock based compensation	56	1,332,698					1,332,754
Shares issued for acquisition of subsidiary	26	780,166					780,192
Loss for the year					(5,667,417)		(5,667,417)
Other comprehensive loss for the year						3,641,747	3,641,747
Balance at Dec. 31, 2020	$ 341	$ 11,312,643	$ 184,272	$ 6,084,836	$ 40,406,391	$ (3,456,821)	$ 54,531,662

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
OPERATING ACTIVITIES
Loss for the year	$ (5,667,417)	$ (104,405)	$ (17,968,598)
Adjustments for:
Share-based payment	700,250	1,199,250	1,314,420
Finance cost	62,383	67,203	96,444
Interest income	(54,544)	(62,538)	(71,693)
Depreciation of property, plant and equipment & investment property	771,130	671,262	1,521,725
Amortization of intangible assets	13,980	13,992	14,545
Amortization of prepayments and premiums under operating leases	94,699	96,743	107,088
Provision/ (reversal) of inventory obsolescence	(42,884)	(145,747)	196,124
Bad debt provision of trade receivables	2,334,410	1,028,972
Loss/(gain) on disposal of property, plant and equipment	45,807	(2,093)	940
Provision of impairment loss in property, plant and equipment & investment property			13,311,557
Operating cash flows before movements in working capital	(1,742,186)	2,762,639	(1,477,448)
(Increase)/ decrease in trade and other receivables	(2,492,940)	(3,554,014)	1,941,336
(Increase)/ decrease in inventories	(267,472)	(219,210)	294,204
Increase/ (decrease) in trade and other payables	(579,948)	(641,494)	2,036
Increase/ (decrease) in income tax payable	(92,321)	259,855
(Increase)/ decrease in deferred tax assets	(1,556,824)	124,274	(5,422,119)
Prepayments and premiums paid under operating leases	210,901	709,146	958,638
CASH USED IN OPERATING ACTIVITIES	(6,520,790)	(558,804)	(3,703,353)
NET CASH USED IN OPERATING ACTIVITIES	(6,520,790)	(558,804)	(3,703,353)
INVESTING ACTIVITIES
Interest received	54,544	62,538	71,693
Cash from acquisition of subsidiaries	561,424
Proceeds on disposal of property, plant and equipment	15,704	269,975
Purchase of property, plant and equipment	(24,198)		(18,761)
NET CASH FROM INVESTING ACTIVITIES	607,474	332,513	52,932
FINANCING ACTIVITIES
Interest paid	(62,383)	(67,203)	(96,444)
New bank loans raised	2,173,882	1,087,839	1,130,840
Repayment of borrowings	(2,173,882)	(1,087,839)	(1,583,175)
Advance from related party	909,237	124,292	299,542
Repayment to related party			(7,633)
NET CASH FROM/(USED IN) FINANCING ACTIVITIES	846,854	57,089	(256,870)
NET DECREASE IN CASH AND CASH EQUIVALENTS	(5,066,462)	(169,202)	(3,907,291)
Effects of currency translation	1,067,274	(236,423)	(1,117,062)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	20,620,478	21,026,103	26,050,456
CASH AND CASH EQUIVALENTS AT END OF YEAR	$ 16,621,290	$ 20,620,478	$ 21,026,103

General Information

General Information	12 Months Ended
	Dec. 31, 2020
Disclosure of information for impairment loss recognised or reversed for individual asset or cash-generating unit [text block] [Abstract]
GENERAL INFORMATION	1. GENERAL INFORMATION On January 26, 2012, Aquasition Investments Corp (“Company”) was organized as a blank check company pursuant to the laws of the Republic of the Marshall Islands for the purpose of acquiring through a merger, capital stock exchange, asset acquisition, stock purchase, or similar acquisition transaction, one or more operating businesses or assets. On March 24, 2014, the Company entered into a Share Exchange Agreement and Plan of Liquidation (the “Agreement”) among KBS International Holdings, Inc. (“KBS”), a Nevada corporation, Hongri International Holdings Ltd (“Hongri”), a company organized under the laws of the British Virgin Islands, and Cheung So Wa and Chan Sun Keung, the principal shareholders of KBS. On August 1, 2014, the share exchange was completed. In order to align with the brand and operations of the entities acquired pursuant to the Agreement, the Company changed its name from Aquasition Investments Corp to KBS Fashion Group Limited. The Company’s units which are comprised of one share of common stock and one warrant are traded on the NASDAQ Capital Markets. The Company’s trading symbol is KBSF. The acquisition was accounted for as a reverse merger and recapitalization where the Company, the legal acquirer is the accounting acquiree, and KBS, the legal acquiree, was the accounting acquirer. Description of Subsidiaries: Hongri International Holdings Limited (the “Hongri”), formerly known as Wah Ying International Investment Inc., was incorporated in the British Virgin Islands (the “BVI”) on July 8, 2008 as a limited liability company with authorized share capital of $50,000, divided into 50,000 common shares with $1 par value. Up through December 31, 2010, 10,000 common shares had been issued at par. On January 27, 2011, the Company issued an additional 10,000 common shares for cash consideration at $77 per share. The principal activity of the Company is investment holding. Hongri a directly wholly owned subsidiary of the Company. France Cock (China) Limited (“France Cock”) was incorporated in Hong Kong on September 21, 2005 as a limited liability company with authorized capital of HK$10,000, divided into 10,000 common shares with par value of HK$1. The capital has been fully paid up. The principal activity of France Cock is the holding of intellectual property rights such as trademarks. France Cock owns the Company’s trademarks, including “KBS” and “Kabiniao”. France Cock is a directly wholly owned subsidiary of Hongri. Roller Rome Limited (“Roller Rome”) was incorporated in the BVI on March 28, 2006 as a limited liability company with authorized share capital of $50,000, divided into 50,000 common shares with par value of $1. The principal activity of Roller Rome is the provision of design and development services for sports apparel. Roller Rome is a directly wholly owned subsidiary of Hongri. Vast Billion Investment Limited (“Vast Billion”) was incorporated in Hong Kong on November 25, 2010 as a limited liability company with authorized share capital of HK$10,000 divided into 10,000 ordinary shares with HK$1par value. One ordinary share has been issued at par. Vast Billion is an investment holding company, and is a directly wholly owned subsidiary of Hongri. Hongri (Fujian) Sports Goods Co. Ltd. (“Hongri Fujian”) was established in the People’s Republic of China (the “PRC”) on November 17, 2005 with a registered and paid up capital of RMB 5,000,000. On March 24, 2011, Hongri Fujian increased registered capital from RMB 70,000,000 to RMB75,000,000. As of September 30, 2011, the paid up capital was RMB 39,551,860. Hongri Fujian is engaged in the design, manufacture, marketing, and sale of apparel in the PRC. Hongri Fujian is a directly wholly owned subsidiary of Vast Billion. Anhui Kai Xin Apparel Company Limited (“Anhui Kai Xin”) was established in the PRC on March 16, 2011 with a registered and paid up capital of RMB 1,000,000. Anhui Kai Xin is a wholly owned subsidiary of Hongri Fujian. Anhui Kai Xin provides contracting manufacturing services for companies in the sports apparel business. Flower Crown Holding is a company incorporated on August 7, 2020 in the Cayman Islands. It has 50,000 shares issued and outstanding with a par value of $1. It is wholly owned by KBSF Fashion Group Limited. Flower Crown (China) Holding Group Co., Limited (“Flower Crown HK”) was incorporated in Hong Kong on May 24, 2018. It has a total of 10,000 shares issued and outstanding with a par value of $1. It is wholly owned by Flower Crown Holding. Kim Hyun Technology (Tianjin) Co., Ltd. (“Kim Hyun Tianjin”) was incorporated on July 23, 2020 in the PRC, as a wholly foreign-owned enterprise. Kim Hyun Tianjin is 100% owned by Flower Crown HK. The total investment is RMB10,000,000, the registered capital is RMB10,000,000 and the present shareholder shall pay up the registered capital prior to July 21, 2050. Kim Hyun Tianjin provides consulting in connection with information technology. Jin Xuan Luxury Tourism (Hainan) Digital Technology Co., Ltd. (“Jin Xuan Luxury Tourism”) was incorporated in the PRC on August 4, 2016. Kim Hyun Tianjin, through a series of contractual arrangements, manages and controls Jin Xuan Luxury Tourism. It has a registered capital of RMB20,000,000 and present shareholder shall pay up the registered capital prior to August 4, 2046. It operates Luxventure social platform and on-line activities. Flower Crown (Hainan) Cross-Border E-Commerce Co., Ltd. (“Flower Crown China”) was incorporated in the PRC on July 17, 2020. It is 100% owned by Jin Xuan Luxury Tourism. It has a registered capital of RMB10,000,000 and the present shareholder shall pay up the registered capital prior to August 3, 2038. Flower Crown China engages in cross-border e-commerce business. Beijing Heyang International Travel Service Co., Ltd. (“Heyang Travel”) was incorporated in the PRC on March 29, 2018. It is 100% owned by Jin Xuan Luxury Tourism. It has a registered capital of RMB5,000,000 and the shareholder shall pay up the registered capital prior to August 1, 2060. Heyang Travel engages in tourism business and selling carrier services.

Group Organization and Basis of

Group Organization and Basis of Presentation of Consolidated Financial Statements	12 Months Ended
	Dec. 31, 2020
Description of accounting policies and methods of computation followed in interim financial statements [text block] [Abstract]
GROUP ORGANIZATION AND BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS	2. GROUP ORGANIZATION AND BASIS OF PRESENTATION OF CONSOLIDATED FINANCIAL STATEMENTS The Group structure as at the reporting date is as follows: The Group operates the Jinxuan Group (comprises of Jin Xuan Luxury Tourism, Flower Crown China, and Heyang Travel, or the “VIEs”) in the PRC through a series of contractual arrangements (“Structure Contracts”) entered into among the WOFE, Jin Xuan Luxury Tourism, and the nominee shareholders of Jin Xuan Luxury Tourism. The Structure Contracts include the Exclusive Service Agreement, Exclusive Purchase Option Agreement, Equity Interest Pledge Agreement, and Powers of Attorney Agreement. Under the Contractual Arrangements, the Company has the power to control the management, and financial and operating policies of the VIEs, has exposure or rights to variable returns from its involvement with the VIEs, and has the ability to use its power over the VIEs to affect the amount of the returns. As a result, all these VIEs are accounted for as consolidated structured entities of the Company and their financial statements have been consolidated by the Company. The following are major financial statements amounts and balances of the Group’s VIEs and subsidiaries of VIEs as at December 31, 2020 and 2019 and for the years ended December 31, 2020, 2019 and 2018 on a combined basis. December 31, 2020 December 31, 2019 December 31, 2018 Current assets 1,458,319 - - Non-current assets - - - Total assets 1,458,319 - - Current liabilities 652,416 - - Total liabilities 652,416 - - Year ended December 31, 2020 2019 2018 Total revenues 1,335,374 - - Net loss (19,598 ) - - Net cash outflow from operating activities (443,211 ) - - Net cash inflow from investing activities - - - Net cash inflow from financing activities 624,647 - - Net increase in cash and cash equivalents 181,437 - - Foreign currency exchange effect 20,073 - - Cash and cash equivalents, beginning of the year 558,149 - - Cash and cash equivalents, end of the year 759,659 - - The above combined financial statements amounts and balances have included intercompany transactions which have been eliminated in the Company’s consolidated financial statements.

Application of New and Revised

Application of New and Revised International Financial Reporting Standards (IFRS)	12 Months Ended
	Dec. 31, 2020
Application Of New And Revised International Financial Reporting Standards [Abstract]
APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS ("IFRS")	3. APPLICATION OF NEW AND REVISED INTERNATIONAL FINANCIAL REPORTING STANDARDS (“IFRS”) For the year ended December 31, 2020 the Company has consistently adopted all the new and revised standards, amendments and interpretations (collectively IFRSs) issued by the International Accounting Standards Board (“IASB”) and the IFRS Interpretations Committee (formerly known as “International Financial Reporting Interpretations Committee” (“IFRIC”)) of the IASB that are effective for financial year beginning on January 1, 2019 in the preparation of the consolidated financial statements throughout the year. For the year ended December 31, 2020, the following new and revised standards, amendments or interpretations that have become effective during the reporting period. Amendments to IFRS 3 Business combinations Amendments to IAS 1 Presentation of financial statements Amendments to IAS 8 Accounting policies, changes in accounting estimates and errors Amendment to IFRS 9 Financial Instruments Amendment to IAS 39 Financial Instruments: Recognition and Measurement Amendment to IFRS 17 Insurance Contracts IFRS 16 (amendments) COVID-19 related rent concessions The adoption of the above new and revised standards had no significant financial effect on these financial statements. The following new standards and amendments to standards have not come into effect for the financial year beginning January 1, 2020, and have not been early adopted by the Company in preparing these consolidated financial statements. None of these new standards and amendments to standards is expected to have a significant effect on the consolidated financial statements of the Company. Amendments to IAS 28 and IFRS 10 Sale or contribution of assets between an investor and its associate or joint venture Amendments to IFRS 9, IAS 39, IFRS 7, IFRS 4 and IFRS 16 Interest Rate Benchmark Reform—phase 2 IAS 16 (amendments) Property, plant and equipment: Proceeds before intended use IAS 37 (amendments) Onerous contract—cost of fulfilling a contract Amendments to IFRS Annual Improvements to IFRS Standards 2018-2020 Cycle IAS 1 (amendments) Classification of Liabilities as current and non-current IFRS 17 Insurance contracts Amendments to IAS 1 and IFRS Practice Statement 2 Disclosure of Accounting Policies Amendments to IAS 8 Definition of Accounting Estimates

Signifcant Accounting Policies

Signifcant Accounting Policies	12 Months Ended
	Dec. 31, 2020
Disclosure of significant accounting policies [text block] [Abstract]
SIGNIFCANT ACCOUNTING POLICIES	4. SIGNIFICANT ACCOUNTING POLICIES The principal accounting policies adopted in the preparation of the financial statements are set out below. The policies have been consistently applied to all the years presented, unless otherwise stated. Basis of preparation The consolidated financial statements have been prepared on the historical cost basis and in accordance with IFRS as issued by the IASB. The principal accounting policies are set out below. Basis of consolidation The consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company (its subsidiaries). Control is achieved where the Company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by other members of the Group. All intra-group transactions, balances, income and expenses are eliminated on consolidation. Foreign currencies Functional and presentation currency Items included in the financial statements are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The Group conducts its business predominately in the PRC and hence its functional currency is the Renminbi (RMB). Translation from RMB to USD found place at the following rates: Period end rates Average rates December 31, 2018 USD 1.00= RMB 6.8632 USD 1.00=RMB 6.6322 December 31, 2019 USD 1.00= RMB 6.9762 USD 1.00=RMB 6.8944 December 31, 2020 USD 1.00= RMB 6.5277 USD 1.00=RMB 6.9001 Translation from HKD to USD found place at the following rates: Period end rates Average rates December 31, 2018 USD 1.00= HKD 7.8329 USD 1.00=HKD 7.8636 December 31, 2019 USD 1.00= HKD 7.7877 USD 1.00=HKD 7.8342 December 31, 2020 USD 1.00= HKD 7.7525 USD 1.00=HKD 7.7558 The results and financial positions in functional currency are translated into the presentation currency, USD, of the Company as follows: (1) Assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet; (2) Income and expenses for each income statement are translated at average exchange rates (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the dates of the transactions); (3) Share equity, share premium and dividends are translated at historical exchange rates; and (4) All resulting exchange differences are recognized in foreign currency translation reserve, a separate component of equity. All financial information presented in USD has been rounded to the nearest dollar, except when otherwise indicated. Segment reporting Operating segments, and the amounts of each segment item reported in the financial statements, are identified from the financial information provided regularly to the Group’s most senior executive management for the purposes of allocating resources to, and assessing the performance of, the Group’s various lines of business and geographical locations. Individually material operating segments are not aggregated for financial reporting purposes unless the segments have similar economic characteristics and are similar in respect of the nature of products and services, the nature of production processes, the type or class of customers, the methods used to distribute the products or provide the services, and the nature of the regulatory environment. Operating segments which are not individually material may be aggregated if they share a majority of these criteria. The Group’s five segments are wholesale, retail, contract manufacturing, tourism service and cross-border e-commerce. Revenue recognition Revenue from contracts with customers Revenue from contracts with customers is recognized when control of goods or services is transferred to the customers at an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. When the consideration in a contract includes a variable amount, the amount of consideration is estimated to which the Company will be entitled in exchange for transferring the goods or services to the customer. The variable consideration is estimated at contract inception and constrained until it is highly probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty with the variable consideration is subsequently resolved. Currently, the Company’s contracts do not include such variable amount. When the contract contains a financing component which provides the customer a significant benefit of financing the transfer of goods or services to the customer for more than one year, revenue is measured at the present value of the amount receivable, discounted using the discount rate that would be reflected in a separate financing transaction between the Company and the customer at contract inception. When the contract contains a financing component which provides the Company a significant financial benefit for more than one year, revenue recognized under the contract includes the interest expense accreted on the contract liability under the effective interest method. For a contract where the period between the payment by the customer and the transfer of the promised goods or services is one year or less, the transaction price is not adjusted for the effects of a significant financing component, using the practical expedient in IFRS 15. Currently, the Company’s contract with its customers do not include financial benefit for more than one year. Nature and timing of satisfaction of performance obligations for each of the revenue streams are as follows: Revenue from the sale of goods Performance obligation is satisfied at the point in time when control of the asset is transferred to the customer, generally on delivery and acceptance of the goods. Revenue from the sale of packaged group tour service Performance obligation is satisfied when the tour service is completed, generally when the tour group successfully returned from the tour destination to the place of origination. Other income Interest income is recognized on an accrual basis using the effective interest method by applying the rate that exactly discounts the estimated future cash receipts over the expected life of the financial instrument or a shorter period, when appropriate, to the net carrying amount of the financial asset. Rental income is recognized on a time proportion basis over the lease terms. Dividend income is recognized when the shareholders’ right to receive payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Company and the amount of the dividend can be measured reliably. Value added tax (VAT) Current standard Output VAT in effect is 13% of product sales and taxable services revenue, according to existing tax laws. The remaining balance of output VAT, after subtracting the deductible input VAT of the period, is VAT payable. Period Standard April 1, 2019 - Current 13 % May 1, 2018 – March 31, 2019 16 % Earlier 17 % Borrowing costs Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets until such time as the assets are substantially ready for their intended use or sale. All other borrowing costs are recognized in profit or loss in the period in which they are incurred. Retirement benefit costs Pursuant to the relevant regulations of the PRC government, the Group’s subsidiaries located in the PRC participate in a local municipal government retirement benefits scheme (the “Scheme”), whereby they contribute a prescribed percentage of the basic salaries of their employees to the Scheme to fund their retirement benefits. Once the Scheme has been funded via contributions by the Group’s participating subsidiaries, the local municipal government takes responsibility for the retirement benefits obligations of all existing and future retired employees of those subsidiaries located in the PRC; accordingly, the only obligation of the Group with respect to the Scheme is to pay the on-going required contributions as long as the employees maintain employment with the Group. There are no provisions under the Scheme whereby forfeited contributions may be used to reduce future contributions. These plans are considered defined contribution plans. The Group has no legal or constructive obligations to pay further contributions after its payment of the fixed contributions into the pension schemes. Contributions to pension schemes are recognized as an expense in the period in which the related service is performed. Taxation The tax expense for the period comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case the tax is also recognised in other comprehensive income or directly in equity, respectively. The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Group operates and generates taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assets are generally recognized for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilized. Such deferred tax assets and liabilities are not recognized if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries, except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments are only recognized to the extent that it is probable that there will be sufficient taxable profits against which to utilize the benefits of the temporary differences and they are expected to reverse in the foreseeable future. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred income tax assets and liabilities relate to income taxes levied by the same taxation authority on either the taxable entity or different taxable entities where there is an intention to settle the balances on a net basis. Current and deferred tax are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognized in other comprehensive income or directly in equity respectively. Where current tax or deferred tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination. Store pre-opening cost Store pre-opening cost was the start-up activity costs incurred prior to opening a new store, mainly including leasing, leasehold improvements, payroll and supplies. The accounting policies for leasing and leasehold improvements were as below. Other store pre-opening costs were directly charged to expenses when occurred. Leasing IFRS 16 Leases requires lessees to recognise assets and liabilities for most leases based on a ‘right-of-use model’ which reflects that, at the commencement date, a lessee has a financial obligation to make lease payments to the lessor for its right to use the underlying asset during the lease term. The lessor conveys that right to use the underlying asset at lease commencement, which is the time when it makes the underlying asset available for use by the lessee. IFRS 16 defines a lease term as the noncancellable period for which the lessee has the right to use an underlying asset including optional periods when an entity is reasonably certain to exercise an option to extend (or not to terminate) a lease. Under IFRS 16 lessees may also elect not to recognise assets and liabilities for leases with a lease term of 12 months or less. In such cases a lessee recognises the lease payments in profit or loss on a straight-line basis over the lease term. The exemption is required to be applied by class of underlying assets. Lessees can also make an election for leases for which the underlying asset is of low value. This election can be made on a lease-by-lease basis. For leases where the Group is the lessee, the lease term is either cancelable or no longer than 12 months, so the Group has elected not to record the leased assets. Lessor accounting under IFRS 16 is substantially unchanged from IAS 17. Lessors continue to classify leases as either operating or finance leases using similar principles as in IAS 17. IFRS 16 did not have any significant impact on leases where the Group is the lessor. Leasehold improvements Leasehold improvements, principally comprising costs of office buildings and shops renovation, are held for administrative and selling purposes. Leasehold improvements are initially measured at cost and amortized systematically over its useful life. Property, plant and equipment Property, plant and equipment (“PPE”) including buildings held for use in the production or supply of goods or services, or for administrative purposes other than construction in progress are stated at cost less subsequent accumulated depreciation and accumulated impairment losses. Depreciation is provided to write off the cost of items of property, plant and equipment other than construction in progress over their estimated useful lives and after taking into account of their estimated residual value, using the straight-line method. Construction in progress includes property, plant and equipment in the course of construction for production or for its own use purposes. Construction in progress is carried at cost less any recognized impairment loss. Construction in progress is classified to the appropriate category of property, plant and equipment when completed and ready for intended use. Depreciation of these assets, on the same basis as other property assets, commences when the assets are ready for their intended use. An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on de-recognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the item) is included in profit or loss in the period in which the item is de-recognized. Investment properties Investment properties are land and buildings which are owned or held under a leasehold interest to earn rental income and/or for capital appreciation. These include land and buildings held for a currently undetermined future use. Such properties are stated at cost less accumulated depreciation and any impairment losses. Any gains or losses on the retirement or disposal of an investment property are recognised in the income statement in the year of the retirement or disposal. Depreciation is calculated on the straight-line basis to depreciate the cost of each item of investment properties over the estimated useful life of 20 years. The Group as lessor Rental income from operating leases is recognized in profit or loss on a straight-line basis over the term of the relevant lease. Land use rights Land use rights are stated at cost less accumulated amortization and accumulated impairment losses. Cost represents consideration paid for the rights to use the land on which various plants and buildings are situated for periods varying from 20 to 50 years. Amortization of land use rights is calculated on a straight-line basis over the period of the land use rights. Inventories Inventories are stated at the lower of cost and net realizable value. Costs of inventories are determined using the weighted average method. Net realizable value represents the estimated selling price for inventories less all estimated costs of completion and costs necessary to make the sale. Financial instruments – investments and other financial assets Initial recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortized cost, fair value through other comprehensive income, and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient of not adjusting the effect of a significant financing component, the Group initially measures a financial asset at its fair value, plus in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction price determined under IFRS 15 in accordance with the policies set out for “Revenue recognition”. In order for a financial asset to be classified and measured at amortized cost or fair value through other comprehensive income, it needs to give rise to cash flows that are solely payments of principal and interest (“SPPI”) on the principal amount outstanding. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. All regular way purchases and sales of financial assets are recognized on the trade date, that is, the date that the Group commits to purchase or sell the asset. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the period generally established by regulation or convention in the marketplace. Subsequent measurement The subsequent measurement of financial assets depends on their classification as follows: Financial assets at amortized cost (debt instruments) The Group measures financial assets at amortized cost if both of the following conditions are met: ● The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash flows. ● The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets at amortized cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognized in the income statement when the asset is derecognized, modified or impaired. Financial assets at fair value through other comprehensive income (debt instruments) The Group measures debt instruments at fair value through other comprehensive income if both of the following conditions are met: ● The financial asset is held within a business model with the objective of both holding to collect contractual cash flows and selling. ● The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. For debt instruments at fair value through other comprehensive income, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the income statement and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in other comprehensive income. Upon derecognition, the cumulative fair value change recognized in other comprehensive income is recycled to the income statement. Financial assets at fair value through other comprehensive income (equity investments) Upon initial recognition, the Group can elect to classify irrevocably its equity investments as equity investments designated at fair value through other comprehensive income when they meet the definition of equity under HKAS 32 Financial Instruments: Presentation and are not held for trading. The classification is determined on an instrument-by-instrument basis. Gains and losses on these financial assets are never recycled to the income statement. Dividends are recognized as other income in the income statement when the right of payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in other comprehensive income. Equity investments designated at fair value through other comprehensive income are not subject to impairment assessment. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Notwithstanding the criteria for debt instruments to be classified at amortized cost or at fair value through other comprehensive income, as described above, debt instruments may be designated at fair value through profit or loss on initial recognition if doing so eliminates, or significantly reduces, an accounting mismatch. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognized in the income statement. This category includes derivative financial instruments and structured bank deposits. A derivative embedded in a hybrid contract, with a financial liability or non-financial host, is separated from the host and accounted for as a separate derivative if the economic characteristics and risks are not closely related to the host; a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative; and the hybrid contract is not measured at fair value through profit or loss. Embedded derivatives are measured at fair value with changes in fair value recognized in the income statement. Reassessment only occurs if there is either a change in the terms of the contract that significantly modifies the cash flows that would otherwise be required or a reclassification of a financial asset out of the fair value through profit or loss category. A derivative embedded within a hybrid contract containing a financial asset host is not accounted for separately. The financial asset host together with the embedded derivative is required to be classified in its entirety as a financial asset at fair value through profit or loss. Financial instruments – impairment of financial assets The Group recognizes an allowance for ECLs for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. General approach ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). At each reporting date, the Group assesses whether the credit risk on a financial instrument has increased significantly since initial recognition. When making the assessment, the Group compares the risk of a default occurring on the financial instrument as at the reporting date with the risk of a default occurring on the financial instrument as at the date of initial recognition and considers reasonable and supportable information that is available without undue cost or effort, including historical and forward-looking information. The Group considers a financial asset in default when contractual payments are 120 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. Debt instruments at fair value through other comprehensive income and financial assets at amortized cost are subject to impairment under the general approach and they are classified within the following stages for measurement of ECLs except for trade receivables which apply the simplified approach as detailed below. Stage 1 – Financial instruments for which credit risk has not increased significantly since initial recognition and for which the loss allowance is measured at an amount equal to 12-month ECLs Stage 2 – Financial instruments for which credit risk has increased significantly since initial recognition but that are not credit-impaired financial assets and for which the loss allowance is measured at an amount equal to lifetime ECLs Stage 3 – Financial assets that are credit-impaired at the reporting date (but that are not purchased or originated credit-impaired) and for which the loss allowance is measured at an amount equal to lifetime ECLs Simplified approach For trade receivables that do not contain a significant financing component or when the Group applies the practical expedient of not adjusting the effect of a significant financing component, the Group applies the simplified approach in calculating ECLs. Under the simplified approach, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For trade receivables that contain a significant financing component and lease receivables, the Group chooses as its accounting policy to adopt the simplified approach in calculating ECLs with policies as described above. Financial instruments – derecognition of financial assets A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when: ● the rights to receive cash flows from the asset have expired; or ● the Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset. When the Group has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates if, and to what extent, it has retained the risk and rewards of ownership of the asset. When it has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of the Group’s continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original amount of the asset and the maximum amount of consideration that the Group could be required to repay. Financial instruments – financial liabilities Initial recognition and measurement All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings, net of directly attributable transaction costs. The Group’s financial liabilities include trade payables, other payables, financial liabilities included in accruals and interest-bearing bank borrowings. Subsequent measurement After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost, using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost. Gains and losses are recognized in the income statement when the liabilities are derecognized as well as through the effective interest rate amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The effective interest rate amortization is included in finance costs in the income statement. Financial instruments – derecognition of financial liabilities A financial liability is derecognized when the obligation under the liability is discharged or cancelled, or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exc

Significant Management Judgemen

Significant Management Judgement in Applying Accounting Policies	12 Months Ended
	Dec. 31, 2020
Significant Management Judgement in Applying Accounting Policies [Abstract]
SIGNIFICANT MANAGEMENT JUDGEMENT IN APPLYING ACCOUNTING POLICIES	5. SIGNIFICANT MANAGEMENT JUDGEMENT IN APPLYING ACCOUNTING POLICIES Allowance for Bad and Doubtful debts Allowances for bad and doubtful debts are based on an assessment of the recoverability of trade and other receivables. Allowances are applied to trade and other receivables where events or changes in circumstances indicate that the balances may not be collectible. The identification of bad and doubtful debts requires the use of judgment and estimates, where the expected outcome is different from the original estimate, such difference will impact carrying value of trade and other receivables and doubtful debt expenses in the period in which such estimate has been charged. Impairment Losses Impairment losses are based on an assessment of the investment or long-lived assets’ ability to generate future cash flows when there is evidence that these assets may be impaired. The calculation of the amount of impairment loss are based on estimates made by management when applying broad accounting principles governing the accounting for these assets. The determination of these estimates requires judgment by management. The final outcome may differ from the original estimates made by management, which may impact the carrying value of the assets which management has determined to be impaired and charged to the Company’s profit loss during the period. Income Tax The Group has exposure to income taxes in numerous jurisdictions. Significant judgment is involved in determining the Group’s provision for income taxes. There are certain transactions and computations for which the ultimate tax determination is uncertain during the ordinary course of business. The Group recognizes liabilities for expected tax issues based on estimates of whether additional taxes will be due. Where the final tax outcome of these matters is different from the amounts that were initially recognized, such differences will impact the income tax and differed tax provisions in the period in which such determination is made. The carrying amount of the Group’s income tax payable as at December 31, 2020 and 2019 amounted to $ 47,916 and $ 256,808 respectively.

Key Sources of Estimation Uncer

Key Sources of Estimation Uncertainty	12 Months Ended
	Dec. 31, 2020
Disclosure of changes in accounting estimates [text block] [Abstract]
KEY SOURCES OF ESTIMATION UNCERTAINTY	6. KEY SOURCES OF ESTIMATION UNCERTAINTY In the application of the Group’s accounting policies, which are described in Note 4, management is required to make estimates and assumptions about the carrying amounts of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognized in the period in which the estimate is revised if the revision affects only that period or in the period of the revision and future periods if the revision affects both current and future periods. The following are the key assumptions concerning the future, and other key sources of estimation uncertainty at the end of the reporting period, that have a significant risk of causing a material adjustment to the carrying amounts of assets within the next financial year. Depreciation of building, machinery and equipment As described in Note 4, the Group reviews the estimated useful lives and residual values of property, plant and equipment at the end of each reporting period. The cost of building, machinery and equipment is depreciated on a straight-line basis over the assets’ estimated useful lives. Management estimates the useful lives of these buildings, machinery and equipment to be within 5 to 20 years. These are the common life expectancies applied in the same industry. Changes in the expected level of usage and technological developments could impact the economic useful lives and the residual values of these assets, therefore future depreciation charges could be revised. Impairment of non-financial assets Property, plant and equipment are tested for impairment whenever there is any objective evidence or indication that these assets may be impaired. For the purpose of impairment testing, the recoverable amount (i.e. the higher of the fair value less cost to sell and the value-in-use) is determined on an individual asset basis unless the asset does not generate cash flows that are largely independent of those from other assets. If this is the case, the recoverable amount is determined for the cash-generating-unit (“CGU”) to which the asset belongs. If the recoverable amount of the asset (or CGU) is estimated to be less than its carrying amount, the carrying amount of the asset (or CGU) is reduced to its recoverable amount. The difference between the carrying amount and recoverable amount is recognized as an impairment loss in the income statement, unless the asset is carried at revalued amount, in which case, such impairment loss is treated as a revaluation decrease. An impairment loss for an asset other than goodwill is reversed if, and only if, there has been a change in the estimates used to determine the asset’s recoverable amount since the last impairment loss was recognized. The carrying amount of this asset is increased to its revised recoverable amount, provided that this amount does not exceed the carrying amount that would have been determined (net of any accumulated amortization or depreciation) had no impairment loss been recognized for the asset in prior years. A reversal of impairment loss for an asset other than goodwill is recognized in the income statement, unless the asset is carried at revalued amount, in which case, such reversal is treated as a revaluation increase. During the years ended December 31, 2020, 2019, and 2018, the Company recognized impairment losses of $nil, $nil, and $nil, respectively, for its prepayments for acquisition of land use rights. During the years ended December 31, 2020, 2019, and 2018, the Company recognized impairment losses of $nil, $nil, and $nil, respectively, for its related prepayments for construction on such land. The impairment reflects the current reduction in the value of the investment as a result of the delay in time to complete the construction projects and delay in procurement of legal certificates that would lead to the assets being put into service that would give rise to expected future profitability which at December 31, 2020, has been temporarily postponed beyond the next operating period. The impairment losses charged to the prepayments has brought the carrying values to their respective recoverable amount in its fair value less costs to sell. During the years ended December 31, 2020, 2019, and 2018, the Company recognized impairment losses of $nil, $ nil, and $13,311,557, respectively, for a part of its factory plant in Anhui that is not currently in use. The impairment reflects the current reduction in the value of the carrying cost as a result of the company’s evaluation of the recoverability of its investment. The impairment losses charged to the factory plant has brought the carrying values to their respective recoverable amount in its fair value less costs to sell. For the prepayment for acquisition of land use rights, the Company provided an estimate of its fair value based on the market value substitution rule. The estimated fair value belongs to Level 2 of the fair value hierarchy because the input is determined through quoted prices of similar assets without an actively quoted market. Using the market approach, the Company compares the price of the land use right that the Company intended to acquire with the price of similar land use rights in the same geographical area, adjusted by factors such as price index, frequency of actual transactions conducted, environmental conditions, etc. Significant assumptions used in this estimation include the ability to legally obtain such land use rights, the usage of land as industrial use, the date of transaction at year end, etc. As a result, the Company provided an estimate in the amount of $5,154,034. Finally, the fair value is reduced by estimated costs to sell which include, but not limited to, legal costs, stamp duty, similar transaction tax, etc. in the amount of $379,971. The net value is then compared to the carrying value, and the difference is recorded as impairment loss in the amount of $1,317,295 in 2015. In 2016, since there was no progress in regards to the acquisition of land use rights, the Company provided further impairment to bring the carrying value down to $0 as management is unable to assert the recoverability of such asset. For the prepayment for construction, the Company provided an estimate of its fair value based on the time value approach. The estimated fair value belongs to Level 3 of the fair value hierarchy because the input is not easily observable. Using this approach, the Company calculates the time value of money of the amount prepaid based on the Company’s weighted average cost of capital (“WACC”) in order to arrive at its fair value. The Company uses this approach to determine its recoverable amount because such prepayments are not readily resalable, and the ability to realize this amount is contingent upon the Company’s ability to successfully acquire the land use right as mentioned above. Significant assumptions used in this estimation include using the WACC, which is comprised of the Company’s metrics of return of equity, return of debt, the relevant weights of the returns of equity and debt, and tax rate, in determining the fair value. As a result, as at December 31, 2015, the Company provided an estimate in the amount of $7,160,523. Since this asset is not resalable, the company estimated costs to sell for this asset in the amount of $0. The net value is then compared to the carrying value, and the difference is recorded as impairment loss in the amount of $1,248,039 in 2015. In 2017, since there was no progress in regards to the construction, the Company provided further impairment to bring the carrying value down to $0 as management is unable to assert the recoverability of such asset. For the factory plant, the Company provided an estimate of its fair value based on the time value approach. The estimated fair value belongs to Level 3 of the fair value hierarchy because the input is not easily observable. Using this approach, the Company calculates the time value of money of the amount recoverable based on the Company’s weighted average cost of capital (“WACC”) in order to arrive at its fair value. The Company uses this approach to determine its recoverable amount because a part of the factory plant is not readily resalable. Significant assumptions used in this estimation include using the WACC, which is comprised of the Company’s metrics of return of equity, return of debt, the relevant weights of the returns of equity and debt, and tax rate, in determining the fair value. As a result, as at December 31, 2018, the Company recorded as impairment loss in the amount of $13,311,557 in 2018, which brings the carrying value of the part of the factory plant not in use down to $0 as management is unable to assert the recoverability of such asset.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2020
Disclosure of entity's operating segments [text block] [Abstract]
SEGMENT REPORTING	7. SEGMENT REPORTING Management currently identifies the Group’s three sales models as operating segments, which are wholesale, retail and contract manufacturing. The segment presentation is in accordance with management’s expectation of future business developments. These operating segments are monitored and strategic decisions are made on the basis of segmental gross margins. By business Wholesale Retail Subcontracting For the year ended For the year ended For the year ended 2020 2019 2018 2020 2019 2018 2020 2019 2018 Sales to external customers 8,366,144 10,308,309 13,584,754 446,834 571,403 2,375,773 727,797 5,585,850 2,574,589 Segment revenue 8,366,144 10,308,309 13,584,754 446,834 571,403 2,375,773 727,797 5,585,850 2,574,589 Segment gross margins/(loss) 2,053,266 3,268,945 2,245,944 175,632 319,706 (5,402,994 ) 102,955 2,162,393 840,913 Reconciling items Profit/(loss) before tax Income tax income/(expense) Profit/(loss) for the year By business Travel service E-commerce Consolidated For the year ended For the year ended For the year ended 2020 2019 2018 2020 2019 2018 2020 2019 2018 Sales to external customers 991,929 - - 343,445 - - 10,876,149 16,465,562 18,535,116 Segment revenue 991,929 - - 343,445 - - 10,876,149 16,465,562 18,535,116 Segment gross margins/(loss) 96,577 - - 69,988 - - 2,498,418 5,751,043 (2,316,136 Reconciling items (9,722,659 ) (5,412,858 ) (21,074,581 ) Profit/(loss) before tax (7,224,241 ) 338,185 (23,390,717 ) Income tax income/(expense) 1,556,824 (442,590 ) 5,422,119 Profit/(loss) for the year (5,667,417 ) (104,405 ) (17,968,598 ) As of December 31, 2020 Wholesale and Retail Subcontracting Travel service E-commerce Unallocated Consolidated Current assets 25,905,492 3,448,586 528,955 854,843 720,524 31,458,400 Non-current assets 11,924,761 19,092,258 - - - 31,017,019 Total assets 37,830,253 22,540,844 528,955 854,843 720,524 62,475,419 Current liabilities 3,436,210 1,462,327 245,607 381,876 2,417,737 7,943,757 Total liabilities 3,436,210 1,462,327 245,607 381,876 2,417,737 7,943,757 As of December 31, 2019 Wholesale and Retail Subcontracting Unallocated Consolidated Current assets 24,741,115 7,979,513 13,492 32,734,120 Non-current assets 10,047,963 18,306,697 - 28,354,660 Total assets 34,789,078 26,286,610 13,492 61,088,780 Current liabilities 3,066,041 1,483,891 2,094,462 6,644,394 Total liabilities 3,066,041 1,483,891 2,094,462 6,644,394 Geographical information The Group’s operations are located in the PRC and all of the Group’s revenue is derived from sales to customers in the PRC. Hence, no analysis by geographical area of operations is provided. Information about major customers Major distributors that make up 10% or more of wholesale revenue are as below: Year ended December 31, 2020 2019 2018 Distributor A 623,903 1,019,139 1,331,194 Other distributors 8,189,076 9,289,170 12,253,560 8,812,979 10,308,309 13,584,754 Information about major suppliers Major suppliers that make up 10% or more of purchases are as below: Year ended December 31, 2020 2019 2018 Supplier A 354,710 1,270,597 3,031,310 Supplier B 483,879 2,325,926 2,879,110 Supplier C - 504,779 - Supplier D 1,232,219 1,212,778 - Supplier E 1,215,155 869,365 - Supplier F - 1,222,864 1,684,910 Supplier G 1,239,805 - - Other suppliers 4,862,755 62,948 2,901,982 9,388,523 7,469,257 10,497,311

Revenue

Revenue	12 Months Ended
	Dec. 31, 2020
Disclosure of revenue [text block] [Abstract]
REVENUE	8. REVENUE Year ended December 31, 2020 2019 2018 Apparel - Wholesale 8,366,144 10,308,309 13,584,754 - Retail 446,834 571,403 2,375,773 8,812,979 10,879,712 15,960,527 Subcontracting 727,797 5,585,850 2,574,589 9,530,776 16,465,562 18,535,116 Travel service 991,929 - - Cross-border e-commerce 343,444 - - Total 10,876,149 16,465,562 18,535,116 Revenue is denominated only in USD.

Cost of Sales

Cost of Sales	12 Months Ended
	Dec. 31, 2020
Disclosure of cost of sales [text block] [Abstract]
COST OF SALES	9. COST OF SALES Cost of sales comprises of purchasing materials, labor costs for personnel employed in production, depreciation of non-current assets used for production purpose, outsourced manufacturing cost, taxes and surcharges, and water and electricity. The following table shows a breakdown of cost of sales for the periods presented for each category: Year ended December 31, 2020 2019 2018 Changes in inventories of finished goods and work in progress 114,905 76,800 (24,475 ) Materials consumed in production 2,343,747 43,443 29,619 Purchases of finished goods 2,755,152 7,053,841 19,044,582 Labor 460,394 2,887,199 1,061,943 Depreciation 32,405 142,278 352,739 Rental - - 452 Outsourced manufacturing cost 1,751,272 - - Outsourced service cost 848,362 - - Taxes and surcharges * 22,202 130,728 75,736 Water and electricity 30,528 63,969 62,027 Inventory provision (42,884 ) 42,919 196,124 Others 681 237,561 128,773 Foreign currency translation difference (60,966 ) 35,780 (76,269 ) 8,377,731 10,714,519 20,851,252 * Tax and surcharges are mainly Urban Maintenance and Construction Tax (7% of Valued Added Tax payment amount), Extra Charges of Education Fund (3% of Valued Added Tax payment amount) and Local Surcharge for Education Fund (2% of Valued Added Tax payment amount).

Other Income

Other Income	12 Months Ended
	Dec. 31, 2020
Disclosure of other operating income [text block] [Abstract]
OTHER INCOME	10. OTHER INCOME Year ended December 31, 2020 2019 2018 Government grant - 6,179 - Interest income on bank deposits 54,544 62,538 71,693 Other 364,094 222,865 50,446 418,638 291,582 122,139

Other Gains and (Losses)

Other Gains and (Losses)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Other Operating Gain Or Loss Explanatory [Abstract]
OTHER GAINS AND (LOSSES)	11. OTHER GAINS AND (LOSSES) Year ended December 31, 2020 2019 2018 Gain/(Loss) on disposals of property, plant and equipment (46,184 ) 2,124 1,380 Foreign exchange gain - 13 (49 ) Provision / reversal of inventory obsolescence - - (196,124 ) Bad debt provision of trade receivables (2,334,410 ) (1,028,972 ) - Impairment of property - - (13,311,557 ) Others - (37,753 ) (15,950 ) (2,380,594 ) (1,064,588 ) (13,522,300 )

Distribution and Selling Expens

Distribution and Selling Expenses	12 Months Ended
	Dec. 31, 2020
Disclosure of expenses [text block] [Abstract]
DISTRIBUTION AND SELLING EXPENSES	12. DISTRIBUTION AND SELLING EXPENSES Year ended December 31, 2020 2019 2018 Rental 9,565 9,573 16,067 Depreciation - - 1,218 Labor 160,314 170,771 275,026 Subsidy to distributors 453,906 477,779 787,064 Promotion - - 15,623 Advertisement 1,174,552 287,354 1,152,176 Covid financial aid to distributors 2,172,432 - - Others 287,734 148,914 423,782 4,258,504 1,094,391 2,670,955

Administrative Expense

Administrative Expense	12 Months Ended
	Dec. 31, 2020
Disclosure of general and administrative expense [text block] [Abstract]
ADMINISTRATIVE EXPENSE	13. ADMINISTRATIVE EXPENSE Year ended December 31, 2020 2019 2018 Labor 1,509,917 1,690,420 2,193,120 Audit fee 114,400 138,870 122,908 Professional fee 16,201 18,517 69,639 Design fee 410,166 372,192 648,632 Depreciation and amortization charges 738,725 685,253 1,185,257 Bank charges 3,283 2,815 8,130 Rental 72,960 73,021 75,907 Travelling and entertainment 76,093 17,439 2,662 Others 498,069 479,731 600,765 3,439,815 3,478,258 4,907,020

Finance Costs

Finance Costs	12 Months Ended
	Dec. 31, 2020
Disclosure of finance cost [text block] [Abstract]
FINANCE COSTS	14. FINANCE COSTS Year ended December 31, 2020 2019 2018 Interest expenses on bank borrowings wholly repayable within one year 62,383 67,203 96,444 Bank borrowings interests are charged at a rate of 6.09% per annum for the bank loan that was fully repaid in 2020.

Income Tax (Income)_ Expense

Income Tax (Income)/ Expense	12 Months Ended
	Dec. 31, 2020
Disclosure of income tax [text block] [Abstract]
INCOME TAX (INCOME)/ EXPENSE	15. INCOME TAX (INCOME)/ EXPENSE Year ended December 31, 2020 2019 2018 PRC enterprises income tax: Current tax 47,916 256,808 - Deferred tax (1,614,740 ) 185,787 (5,422,119 ) (1,556,824 ) 442,595 (5,422,119 ) Hongri Fujian, Anhui Kai Xin, Kim Hyun Tianjin, Jin Xuan Luxury Tourism, Flower Crown China and Heyang Travel subject to the applicable enterprise income tax rate of 25%. As of December 31, 2020, 2019, and 2018, the Company had no unrecognized tax benefits. France Cock, Vast Billion and Flower Crown HK were incorporated in Hong Kong and subject to Hong Kong profits tax at a tax rate of 16.5%. No provision for Hong Kong profits tax has been made as France Cock and Vast Billion has no taxable income during the reporting period. Hongri International Holding Limited and Roller Rome were incorporated in the BVI and, under the current laws of the BVI, are not subject to income taxes. KBS Fashion Group Limited was incorporated in the Marshall Island, and, under the current laws of the Marshall Island, is not subject to income taxes. Flower Crown Holding was incorporated in the Cayman Islands, and, under the current laws of the Cayman Islands, is not subject to income taxes. The tax charge for the year can be reconciled to the profit per the consolidated statements of comprehensive income as follows: Year ended December 31, 2020 2019 2018 (Loss)/profit before tax (7,224,241 ) 338,185 (23,390,716 ) Tax calculated at domestic tax rates applicable to profits in PRC (2020, 2019, and 2018: 25%) (1,806,060 ) 84,546 (5,847,679 ) Tax effect of tax loss of tax exempt entities 249,236 358,049 425,560 Tax charge for the year (1,556,824 ) 442,595 (5,422,119 ) The following is the analysis of the deferred tax balances for financial reporting purposes: 2020 2019 2018 Temporary difference Deferred tax assets Temporary difference Deferred tax assets Temporary difference Deferred tax assets Beginning of the year 59,616,758 14,127,559 60,645,730 14,688,829 38,761,131 9,924,944 Bad Debt provisions charged to profit or loss (2,334,410 ) (583,603 ) (1,028,972 ) 257,243 - - Impairment charged to profit or loss - - - - 13,507,681 3,376,920 Tax loss carried forward 6,227,296 1,556,824 - - 8,376,919 2,094,230 Effect of translation - (692,853 ) - (615,609 ) - (707,265 ) End of the year 63,509,644 16,960,839 59,616,758 14,330,463 60,645,730 14,688,829

(Loss)_Profit For The Year

(Loss)/Profit For The Year	12 Months Ended
	Dec. 31, 2020
Disclosure Of Profit Loss For Year Explanatory [Abstract]
(LOSS)/PROFIT FOR THE YEAR	16. (LOSS)/PROFIT FOR THE YEAR Profit for the year has been arrived at after charging: Year ended December 31, 2020 2019 2018 Cost of inventories recognized as expenses 8,355,528 10,583,791 20,398,829 Taxes and surcharges 22,202 130,728 112,108 8,377,731 10,714,519 20,510,936 Depreciation of property, plant and equipment 771,130 671,262 1,172,809 Amortization of land use rights and trademarks 13,980 13,992 14,545 Amortization of prepayments and premiums under operating leases 94,699 96,743 104,206 Provision (Reversal) of inventory obsolescence (42,884 ) (145,747 196,124 Provision of bad debt allowance 2,334,410 1,028,972 - Provision of impairment loss in property - - 13,311,557 3,171,335 1,665,222 14,799,241

Employees' Emoluments

Employees' Emoluments	12 Months Ended
	Dec. 31, 2020
Disclosure of employee benefits [text block] [Abstract]
EMPLOYEES' EMOLUMENTS	17. EMPLOYEES’ EMOLUMENTS Year ended December 31, 2020 2019 2018 Salaries and other short-term benefits 1,741,293 2,086,041 2,637,752 Defined contribution benefit schemes 95,978 290,414 205,499 Total employee benefits expense (including directors’ emoluments) 1,837,272 2,376,454 2,843,251 The employees of the Group’s PRC subsidiaries are members of state-managed retirement benefit schemes operated by the local government. The subsidiaries are required to contribute a specified percentage of its payroll costs to the retirement benefit schemes to fund the benefits. The only obligation of the Group with respect to the retirement benefit schemes is to make the specified contributions.

Directors' Emoluments

Directors' Emoluments	12 Months Ended
	Dec. 31, 2020
Disclosure Of Directors Emoluments Explanatory [Abstract]
DIRECTORS' EMOLUMENTS	18. DIRECTORS’ EMOLUMENTS The emoluments paid or payable to the directors of the Company were as follows: Year ended December 31, 2020 2019 2018 Salaries Yan Keyan 306,466 389,826 739,350 Lixia Tu 237,880 232,144 296,100 John Sano 10,350 18,600 23,050 Themis Kalapotharakos 82,800 148,800 161,350 Matthew Los 82,800 148,800 161,350 Zhongmin Zhang 10,350 18,600 23,020 Yuet Mei Chan 10,350 18,600 23,050 740,996 975,370 1,427,300 Social Welfare Yan Keyan 432 1,055 1,122 432 1,055 1,122

Loss Per Share

Loss Per Share	12 Months Ended
	Dec. 31, 2020
Disclosure of earnings per share [text block] [Abstract]
LOSS PER SHARE	19. LOSS PER SHARE For the years ended December 31, 2020 2019 2018 Basic Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (5,667,417 ) $ (104,405 ) $ (17,968,598 ) Diluted Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (5,667,417 ) $ (104,405 ) $ (17,968,598 ) Basic Loss Per Share Denominator Original shares: 2,591,299 2,271,299 1,986,299 Additions from actual events: - Issuance of common stock, weighted 121,229 246,192 288,421 Basic weighted average shares outstanding 2,712,528 2,517,491 2,229,915 Diluted Loss Per Share Denominator Basic weighted average shares outstanding 2,712,528 2,517,491 2,229,915 Dilutive shares: Potential additions from dilutive events: - Exercise of investor warrants* Diluted Weighted Average Shares Outstanding: 2,712,528 2,517,491 2,229,915 Loss Per Share - Basic $ (2.09 ) $ (0.00 ) $ (8,06 ) - Diluted $ (2.09 ) $ (0.00 ) $ (8.06 ) Weighted Average Shares Outstanding - Basic 2,712,528 2,517,491 2,229,915 - Diluted 2,712,528 2,517,491 2,229,915 * There were no potential dilutive additions to diluted weighted shares outstanding as a result of the outstanding warrants being out-of-the-money during the periods presented.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2020
Disclosure of property, plant and equipment [text block] [Abstract]
PROPERTY, PLANT AND EQUIPMENT	20. PROPERTY, PLANT AND EQUIPMENT Owner-occupied Property Plant Machinery Office Motor Furniture Leasehold Leasehold Total COST At January 1, 2019 29,757,837 881,199 135,802 82,500 153,808 852,840 255,876 32,119,863 Additions - - 162 - - - - 162 Disposals - (266,304 ) (280 ) (387 ) - - - (266,971 ) Reclassification to investment property (12,291,058 ) - - - - - - (12,291,058 ) Translation adjustment (482,015 ) (14,274 ) (2,200 ) (1,336 ) (2,491 ) (13,814 ) (4,145 ) (520,275 ) At December 31, 2019 16,984,763 600,620 133,486 80,777 151,317 839,026 251,731 19,041,720 Additions 23,127 - 2,451 - - - - 25,578 Disposals - (596,568 ) (7,959 ) (52,528 ) (735 ) - - (657,790 ) Reclassification to investment property (10,983,012 ) - - - - - - (10,983,012 ) Translation adjustment 1,167,115 41,272 9,173 5,551 10,398 57,654 17,298 1,308,459 At December 31, 2020 7,191,993 45,324 137,150 33,800 160,979 896,680 269,029 8,734,955 DEPRECIATION AND IMPAIRMENT At January 1, 2019 (17,946,631 ) (764,389 ) (103,875 ) (74,250 ) (142,191 ) (658,843 ) (255,876 ) (19,946,054 ) Provided for the year (832,476 ) (13,733 ) (7,279 ) - (1,857 ) (73,239 ) - (928,584 ) Eliminated upon disposal of assets 161,645 234,901 252 5,122 - - - 401,919 Depreciation reclassified to investment property 2,708,200 - - - - - - 2,708,200 Impairment reclassified to investment property 4,483,680 - - - - - - 4,483,680 Translation adjustment 290,698 12,382 1,683 1,203 2,303 10,672 4,145 323,085 At December 31, 2019 (11,134,883 ) (530,840 ) (109,220 ) (67,925 ) (141,745 ) (721,410 ) (251,731 ) (12,957,754 ) Provided for the year (317,378 ) (20,777 ) (25,503 ) (190 ) (9,150 ) (27,024 ) - (400,022 ) Eliminated upon disposal of assets - 542,770 7,163 42,174 662 - - 592,769 Depreciation reclassified to investment property 1,761,758 - - - - - - 1,761,758 Impairment reclassified to investment property 5,996,302 - - - - - - 5,996,302 Translation adjustment (765,138 ) (36,477 ) (7,505 ) (4,668 ) (9,740 ) (49,572 ) (17,298 ) (890,397 ) At December 31, 2020 (4,459,340 ) (45,324 ) (135,065 ) (30,609 ) (159,973 ) (798,005 ) (269,029 ) (5,897,346 ) CARRYING AMOUNT At December 31, 2019 5,849,880 69,780 24,266 12,852 9,572 117,616 - 6,083,966 At December 31, 2020 2,732,653 - 2,086 3,191 1,006 98,675 - 2,837,609 Net exchange differences from translating the financial statements from functional currency to presentation currency were $418,062 and $(197,910) as at December 31, 2020 and 2019. Depreciation expense for the years ended December 31, 2020, 2019 and 2018 were $378,430, $939,601 and $1,525,548, respectively. Impairment loss charged for the years ended December 31, 2020, 2019, and 2018 were $nil, $nil, and $13,311,557, respectively. The detail estimation of such impairment provision is explained in note 6. Depreciation is provided on straight-line basis for all property, plant and equipment over their estimated useful lives of the assets as follows: Useful life Residual Value Plant 20 years 10% Machinery 5 years 10% Office equipment 5 years 10% Motor vehicles 5 years 10% Furniture and fixtures 5 years 10% Leasehold improvements-factories and offices Shorter of estimated useful life of 5 years or lease term 10% Leasehold improvements-shops Shorter of estimated useful life of 5 years or lease term Nil Distributor shops’ furniture and fixtures 1.5 years Nil Plant includes buildings owned by Anhui Kaixin built on the following land: Location Description Gross area (m 2 Jinxi Town, Longshan Road, Taihu City, Anhui Province, the PRC Dormitory 8,573 Jinxi Town, Longshan Road, Taihu City, Anhui Province, the PRC Factory 22,292 The buildings were pledged as security for the outstanding bank loans as set forth in note 30. The gross carrying amount of the fully depreciated property, plant and equipment that is still in use is $88,764 and $93,701 as at December 31, 2020 and 2019, respectively. In 2012, the Company performed a revaluation of certain equipment. The revaluation was performed by an independent appraiser on November 10, 2012 and, as a result of the revaluation, the Company recognized a revaluation surplus in the amount of 184,272. The amount is classified as revaluation reserve. Since the surplus has not been realized, the amount recognized is not available for distribution. There was no movement in the revaluation reserve during 2020 and 2019. The carrying amount that would have been recognized had the assets been carried under the cost model is as follows: As at December 31, 2020 2019 Machinery 95,922 89,755 Motor Vehicles 35 33 Office Equipment 2,663 2,492 Furniture and fixtures 739 692 99,360 92,971 Investment Properties As at December 31, 2020, fair value approximated carry amounts, being the initial cost to acquire these investment properties. COST 2020 2019 Opening balance at 1 January 12,291,058 - Acquisitions - - Capitalised subsequent expenditure - - Classified as held for sale or disposals - - Transfer (to)/from inventories and owner-occupied property 10,983,012 12,291,058 Translation adjustment (844,585 ) - Closing balance at 31 December 24,118,655 12,291,058 DEPRECIATION AND IMPAIRMENT 2020 2019 Opening balance at 1 January (7,191,880 ) - Provided for the year (400,328 ) - Eliminated upon disposal of assets - - Impairment for the year - - Transfer to/(from) inventories and owner-occupied property (7,758,060 ) (7,191,880 ) Translation adjustment (494,192 ) - Closing balance at 31 December (15,844,460 ) (7,191,880 ) CARRYING AMOUNT 2020 2019 Closing balance at 31 December 8,274,195 5,099,178

Prepayments and Premiums Under

Prepayments and Premiums Under Operating Leases	12 Months Ended
	Dec. 31, 2020
Disclosure of lease prepayments [text block] [Abstract]
PREPAYMENTS AND PREMIUMS UNDER OPERATING LEASES	21. PREPAYMENTS AND PREMIUMS UNDER OPERATING LEASES Amount At January 1, 2019 2,450,267 additions for the year 21,757 charge for the year (96,743 ) translation adjustment (38,810 ) At December 31, 2019 2,336,471 additions for the year 21,739 charge for the year (94,699 ) translation adjustment 156,389 At December 31, 2020 2,419,900 Analyzed for reporting purposes as: As at December 31, 2020 2019 Current asset 80,494 75,318 Non-current asset 2,339,406 2,261,153 2,419,900 2,336,471

Prepayment for Construction of

Prepayment for Construction of New Plant	12 Months Ended
	Dec. 31, 2020
Prepayment For Construction Of New Plant [Abstract]
PREPAYMENT FOR CONSTRUCTION OF NEW PLANT	22. PREPAYMENT FOR CONSTRUCTION OF NEW PLANT On November 20, 2010, Hongri Fujian entered into an agreement with a third party, Anqing Zhongfang Construction and Installation Co., Ltd., for the construction of the new plant in Anhui at a consideration of $17,826,251. In 2012, Kaixin Anhui made a prepayment of $6,363,853 for the second phase of the project. In 2013, Kaixin Anhui made another prepayment of $9,747,897 for the second phase of the project. The amount of $16,401,778 was recognized in Construction in progress. In 2014, Kaixin Anhui made another prepayment of $15,525,413 for the second and third phase of the project, and an amount of $6,537,016 was recognized in construction in progress. In 2015, an amount of $110,041 was recognized in construction in progress, which was subsequently recognized as fixed asset along with the completion of the second phase of the project. The total amount transferred to fixed assets from construction in progress amounted to $22,960,220. The third phase of the project is related to the construction of a building. The construction site is located on a piece of land whose land use right was to be acquired by the Company. Due to reasons as set forth in note 23, the anticipated completion date of the project is expected to be delayed and, in the worst case, may be terminated. Accordingly, management provided a provision of impairment loss against the carrying value of such prepayment. The detail of estimation of such provision is explained in note 6. As at December 31, 2020, the carrying amount of the prepayment for construction of new plant is as follows: As at Prepaid in 2015 8,469,878 Recognized as construction in progress (110,041 ) 8,359,837 Impairment loss in 2015: (1,199,314 ) 7,160,523 Impairment loss in 2016: (6,989,200 ) Translation adjustment: (171,323 ) -

Prepayment for Acquisition of L

Prepayment for Acquisition of Land Use Right	12 Months Ended
	Dec. 31, 2020
Description of accounting policy for deferred acquisition costs arising from insurance contracts [text block] [Abstract]
PREPAYMENT FOR ACQUISITION OF LAND USE RIGHT	23. PREPAYMENT FOR ACQUISITION OF LAND USE RIGHT On September 2, 2010, Hongri Fujian entered into an agreement with a third party, Taihu Weiqi Sports Apparel Co., Ltd., to acquire a land use right in relation to the development of factories in Anhui Kaixin for a total consideration of $6,340,456. As of December 31, 2015, the transaction has not been completed yet due to disputes between the original owner of the land and the government regarding the compensation for vacating the premises. In relation to this dispute, the Company expected that the project would be delayed or, in the worst case, be terminated. Accordingly, the Company provided a provision of impairment loss against the carrying value for such prepayment. The detail estimation of such provision is explained in note 6. As at December 31, 2020, the carrying amount of the prepayment for acquisition of land use right is as follows: As at Prepaid in 2010 6,039,930 Impairment loss: (1,265,867 ) 4,774,063 Impairment loss in 2016: (4,659,838 ) Translation adjustment: (114,225 ) -

Land Use Rights

Land Use Rights	12 Months Ended
	Dec. 31, 2020
Disclosure of quantitative information about leases for lessee [abstract]
LAND USE RIGHTS	24. LAND USE RIGHTS Amount COST At January 1, 2019 699,055 additions for the year - translation adjustment (11,323 ) At December 31, 2019 687,732 additions for the year - translation adjustment 47,258 At December 31, 2020 734,990 AMORTIZATION At January 1, 2019 (95,552 ) charge for the year (13,992 ) translation adjustment 1,712 At December 31, 2019 (107,832 ) charge for the year (13,980 ) translation adjustment (8,208 ) At December 31, 2020 (130,020 ) CARRYING AMOUNTS At December 31, 2019 579,900 At December 31, 2020 604,970 The amounts represent the prepayment of rentals for land use right (industrial use) situated in the PRC. The land use rights have the term of 50 years. All the land use rights mentioned above were owned by Anhui Kaixin. The land use right is comprised of the following: Location Expiry date Land area (m 2 Longshan Road, Economic development District, Taihu County 2062-05-23 2,440 Longshan Road, Economic development District, Taihu County 2061-11-06 7,405

Inventories

Inventories	12 Months Ended
	Dec. 31, 2020
Disclosure of inventories [text block] [Abstract]
INVENTORIES	25. INVENTORIES As at December 31, 2020 2019 Raw materials 1,247,087 1,047,532 Finished goods 607,911 437,144 Provision for obsolete inventories - (42,416 ) 1,854,998 1,442,260

Trade Receivables, Other Receiv

Trade Receivables, Other Receivables and Prepayments	12 Months Ended
	Dec. 31, 2020
Disclosure of trade and other receivables [text block] [Abstract]
TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAYMENTS	26. TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAYMENTS As at December 31, 2020 2019 Trade receivables 16,276,263 12,775,324 Bad debt provision for trade receivables (4,923,646 ) (2,299,558 ) 11,352,617 10,475,766 As at December 31, 2020 2019 Other receivables 124,685 3,387 Prepayments 1,424,317 116,911 1,549,002 120,298 The fair value of trade and other receivables have not been disclosed as, due to their short duration, management considers the carrying amounts recognized in the consolidated statements of financial position to be reasonable approximation of their fair values. Prepayments include advances to suppliers and prepaid income tax. Before accepting any new customer, the Group assesses the potential customer’s credit quality and defined credit limits by customer. Limits attributed to customers are reviewed once a year. The aging analysis of trade receivables is as follows: As at December 31, 2020 2019 Current 5,223,618 778,047 Past due for less than 4 months 3,852,158 2,458,705 Past due for more than 4 months 7,200,487 9,538,573 16,276,263 12,755,324 The Group allows an average credit period of 120 -180 days to its trade customers. For the overdue trade receivable, the Company provided a bad debt allowance amounting to $4,923,646 and $2,299,558 as of December 31, 2020 and 2019, respectively. The provision for doubtful debts is recorded using a provision account unless the Group is satisfied that recovery is remote, in which case the unrecovered loss is written off against trade receivables and the provision for doubtful debts directly. The Group does not hold any collateral over these balances. The movement in the provision for doubtful debts during the year is as follows: 2020 2019 As at January 1 2,299,558 1,294,097 Provision provided in the year 2,334,410 1,028,972 Translation adjustment 289,678 (23,481 ) As at December 31 4,923,646 2,299,558 Among the amounts of trade receivables, $1,874,193 and $1,509,839 of output VAT was included as of December 31, 2020 and 2019, respectively.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2020
Disclosure of cash and cash equivalents [text block] [Abstract]
CASH AND CASH EQUIVALENTS	27. CASH AND CASH EQUIVALENTS   As at December 31, 2020 2019 Cash on hand 6,603 8,692 Bank deposits 16,590,797 20,611,786 Other monetary funds 23,890 - 16,621,290 20,620,478 As at December 31, 2020 2019 Renminbi 16,620,458 20,618,675 Hong Kong Dollars 13 983 United States Dollars 820 820 16,621,290 20,620,478 Cash and cash equivalents comprise cash held by the Group and short-term deposits with an original maturity of three months or less. Bank deposits as at December 31, 2020 carry interest at market rates which ranged from 0.30% to 0.40% (2019: 0.30%-0.40%) per annum. Majority of our cash is deposited with financial institution in the PRC. Remittance of funds out of the PRC is subject to the exchange restrictions imposed by the PRC government.

Trade and Other Payables

Trade and Other Payables	12 Months Ended
	Dec. 31, 2020
Disclosure of trade and other payables [text block] [Abstract]
TRADE AND OTHER PAYABLES	28. TRADE AND OTHER PAYABLES As at December 31, 2020 2019 Trade payables 276,719 63,550 Employee benefits payable 149,358 182,386 Other payables 1,816,095 1,761,358 Subtotal financial liabilities 2,242,172 2,007,294 Other taxes payable 3,114,370 2,571,125 5,356,542 4,578,419 The fair value of trade and other payables have not been disclosed as, due to their short duration, management considers the carrying amounts recognized in the consolidated statements of financial position to be reasonable approximation of their fair values. Trade payables comprise amounts outstanding for trade purchase. The average credit period is 30 days from the time when the services are rendered by or goods received from suppliers. The aging analysis of trade payables is as follows: As at December 31, 2020 2019 Current 275,569 52,632 Past due for less than 4 months 1,103 3,959 Past due for over 4 months 47 6,959 276,719 63,550 The Company was granted a credit term of 30 days. The balances past due were mainly for the Company’s high bargaining power.

Related Parties Payable

Related Parties Payable	12 Months Ended
	Dec. 31, 2020
Disclosure of transactions between related parties [abstract]
RELATED PARTIES PAYABLE	29. RELATED PARTIES PAYABLE (1) Nature of relationship with related parties Name Relationship with the Group Yan, Keyan Co-chairman of the Board of Directors and interim Chief Financial Officer Chen, Bizhen Wife of Yan, Keyan KBS International Ex-shareholder of Hongri Shishi City Lingxiu Hongri Knitwear Factory Company owned by Chen, Bizhen Sun, Lei Chief Executive Officer (2) Significant balances between the Group and the above related parties: As at December 31, Name Nature 2020 2019 Yan, Keyan Borrowing of funds 826,422 560,165 Sun, Lei Borrowing of funds 306,389 - 1,132,811 560,165 Related parties payables were unsecured, non-interest bearing and repayment on demand. During 2020, Mr. Yan and Ms. Chen provided personal guarantees for the loans as set forth in Note 30. * The Company entered into a lease arrangement for office space with this related party in 2010. The breakdown of the commitment to the lease is disclosed in note 34.

Short-Term Bank Loans

Short-Term Bank Loans	12 Months Ended
	Dec. 31, 2020
Disclosure of borrowings [text block] [Abstract]
SHORT-TERM BANK LOANS	30. SHORT-TERM BANK LOANS As at December 31, 2020 2019 Secured bank borrowings 1,148,959 1,075,084 Carrying amount repayable within 1 year 1,148,959 1,075,084 The borrowings are fixed-rate and denominated in RMB. Bank loans Amount USD Period Interest rate Mortgage Personal guarantee #1 1,148,959 4/26/2020 4/26/2021 4.35 % Land use right and buildings Yan, Keyan/Chen, Bizhen 1,148,959

Share Capital and Share Premium

Share Capital and Share Premium	12 Months Ended
	Dec. 31, 2020
Disclosure of share capital, reserves and other equity interest [text block] [Abstract]
SHARE CAPITAL AND SHARE PREMIUM	31. SHARE CAPITAL AND SHARE PREMIUM The details of the Group’s share capital are as follows: Number of Share Share Shares outstanding as December 31, 2018 2,271,299 $ 227 $ 8,000,561 Issuance of shares 320,000 32 1,199,218 Shares outstanding as December 31, 2019 2,591,299 259 9,199,779 Issuance of shares 817,347 82 2,112,864 Shares outstanding as December 31, 2020 3,408,646 341 11,312,643 Number of Share Share Authorized Common shares of US$0.0001 as at December 31, 2020 150,000,000 $ 15,000 $ - Issue and fully paid common shares of US$0.0001 as at December 31, 2018 2,271,299 $ 227 $ 8,000,561 Issue and fully paid common shares of US$0.0001 as at December 31, 2019 2,591,299 $ 259 $ 9,199,779 Issue and fully paid common shares of US$0.0001 as at December 31, 2020 3,408,646 341 $ 11,312,643 Preferred Stock The Company is authorized to issue 5,000,000 preferred shares with a par value of $0.0001 per share with such designation, rights and preferences as may be determined by the Company’s board of directors. No preferred shares are currently issued or outstanding. Common Stock The Company is authorized to issue 150,000,000 shares of common stock with a par value of $0.0001 per share. On March 25, 2019, the Company granted an aggregate of 305,000 registered shares of common stock pursuant to the 2018 Equity Incentive Plan to the executive officers, directors and certain employees as compensations for their services On March 29, 2019, the board of directors approved the issuance of 15,000 shares of common stock to the Investor Relationship firm as compensation for their services. On September 1, 2020, the Company granted, and subsequently issued, 325,000 shares to its board members and employees. On December 21, 2020, the Company agreed to sell and issue to the Sun Lei, a total of 233,217 shares of the Company’s common stock in exchange for Sun’s payment of all Public Company Expenses for the next two years. On December 21, 2020, the Company closed a share exchange agreement with Flower Crown Holding and its shareholders, pursuant to which the Company acquired from Flower Crown Holding’s shareholders all of the issued and outstanding capital of Flower Crown Holding in exchange for the issuance of an aggregate of 259,130 shares of the Company’s common stock to Flower Crown Holding’s shareholders.

Reserve

Reserve	12 Months Ended
	Dec. 31, 2020
Disclosure Of Classes Of Reserve Explanatory [Abstract]
RESERVE	32. RESERVE Statutory surplus reserve As stipulated by the relevant laws and regulations applicable to China’s foreign investment enterprises, the Company’s PRC subsidiaries are required to maintain a statutory surplus reserve which is non-distributable. Appropriations to such reserve are made out of net profit after tax of the statutory financial statements of the PRC subsidiaries at the amounts determined by their respective boards of directors annually up to 50% of authorized capital, but must not be less than 10% of the net profit after tax. The statutory surplus reserve can be used for making up losses of the group entities in Mainland China, if any. The statutory surplus reserve may also be used to increase capital or to meet unexpected or future losses. The statutory surplus reserve is non-distributable other than upon liquidation. The statutory surplus reserve of the Group amounts to $6,084,836 and $6,084,836 at December 31, 2020 and 2019, respectively. The statutory surplus reserve of the Group is related to Hongri Fujian and Anhui Kaixin. Revaluation reserve Revaluation reserve is comprised of the surplus or deficit arising from the revaluation of the Company’s fixed assets. Retained profits The retained profits comprise the cumulative net gains and losses recognized in the Company’s income statement. Foreign currency translation reserve (other comprehensive income) Foreign currency translation reserve represents the foreign currency translation difference arising from the translation of the financial statements of companies within the Group from their functional currency to the Group’s presentation currency.

Risk Management and Fair Values

Risk Management and Fair Values	12 Months Ended
	Dec. 31, 2020
Disclosure Of Risk Management And Fair Values [Abstract]
RISK MANAGEMENT AND FAIR VALUES	33. RISK MANAGEMENT AND FAIR VALUES 1. Capital risk The Group manages its capital to ensure that entities in the Group will be able to continue as a going concern while maximizing the return to owners through the optimization of the debt and equity balance. The Group’s overall strategy remains unchanged during the year. The capital structure of the Group consisted of borrowings net of bank balances and cash, and equity attributable to owners of the Company comprising issued share capital and various reserves. The directors of the Company review the capital structure regularly. As part of this review, the Group considers the cost of capital and the risks associated with each class of capital, and will balance its overall capital through the payment of dividends, new share issues as well as the issue of new debt or the redemption of existing debt. The Group monitors capital using the Gearing Ratio, which is net debt divided by total equity. Net debt represents borrowings less cash and cash equivalents. The Company met its objective by minoring borrowing activities. The Company and its subsidiaries are not subject to externally imposed capital requirements. 　 December 31, December 31, Total borrowing 1,148,959 1,075,084 Less: cash and cash equivalents (16,621,290 ) (20,620,478 ) Net debt (15,472,331 ) (19,545,394 ) Total equity 54,531,662 55,053,098 Total capital 39,059,331 35,507,704 Gearing ratio (28 )% (36 )% 2. Financial risk Financial risk management objectives and policies The Group’s major financial instruments include trade and other receivables, related parties receivables, cash and cash equivalents, trade and other payables, related parties payables and short-term loans. Details of these financial instruments are disclosed in the respective notes. The risks associated with these financial instruments include credit risk, market risk (interest rate risk and currency risk) and liquidity risk. The policies on how to mitigate these risks are set out below. The management manages and monitors these exposures to ensure appropriate measures are implemented on a timely and effective manner. 3. Market risk (i) Foreign currency risk While our reporting currency is the U.S. dollar, substantially all of our consolidated revenues and consolidated costs and expenses are denominated in RMB. Substantially all of our assets are denominated in RMB. As a result, we are exposed to foreign exchange risk as our revenues and results of operations may be affected by fluctuations in the exchange rate between the U.S. dollar and the RMB. If the RMB depreciates against the U.S. dollar, the value of our RMB revenues, earnings and assets as expressed in our U.S. dollar financial statements will decline. Assets and liabilities are translated at exchange rates at the balance sheet dates and revenue and expenses are translated at the average exchange rates and equity is translated at historical exchange rates. Any resulting translation adjustments are not included in determining net income but are included in determining other comprehensive income, a component of equity. An average appreciation (depreciation) of the RMB against the U.S. dollar of 5% would increase (decrease) our comprehensive income by $3.0 million based on our outstanding revenues, costs and expenses, assets and liabilities denominated in RMB as of December 31, 2019. As of December 31, 2020, our accumulated other comprehensive loss was $(3.5) million. We have not entered into any hedging transactions in an effort to reduce our exposure to foreign exchange risk. (ii) Interest rate risk We deposit surplus funds with Chinese banks earning daily interest. We do not invest in any instruments for trading purposes. Most of our outstanding debt instruments carry fixed rates of interest. Our operations generally are not directly sensitive to fluctuations in interest rates and we currently do not have any long-term debt outstanding. Management monitors the banks’ prime rates in conjunction with our cash requirements to determine the appropriate level of debt balances relative to other sources of funds. We have not entered into any hedging transactions in an effort to reduce our exposure to interest rate risk. 4. Credit risk As at December 31, 2020, the Group’s maximum exposure to credit risk which will cause a financial loss to the Group due to failure to perform an obligation by the counterparties is arising from the carrying amount of the respective recognised financial assets as stated in the consolidated statement of financial position. In order to minimize the credit risk, the management of the Group has delegated a team responsible for determination of credit limits, credit approvals and other monitoring procedures to ensure that follow-up action is taken to recover overdue debts. In addition, the Group reviews the recoverable amount of each individual trade debt at the end of each reporting period to ensure that adequate impairment losses are made for irrecoverable amounts. In this regard, the directors of the Group consider that the Group’s credit risk is significantly reduced. The Group’s exposure to credit risk on trade receivables in influenced mainly by the individual characteristics of each customer therefore concentrations of credit risk primarily arise when the Group has significant exposure to individual customers. At the end of the reporting period, the outstanding balance of the five largest customers represented approximately 41% of the trade receivables of the Group at December 31, 2020 (2019: 38%). In order to minimize the credit risk, management continuously monitors the level of exposure to ensure that follow-up actions and/or corrective actions are taken promptly to lower the risk exposure or to recover overdue balances. 5. Liquidity risk In the management of the liquidity risk, the Group monitors and maintains a level of cash and bank balances deemed adequate by the management to finance the Group’s operations and mitigate the effects of fluctuations in cash flows. The management monitors the utilization of bank borrowings and ensures compliance with loan covenants. Liquidity tables The following tables detail the Group’s remaining contractual maturity for its non-derivative financial liabilities as at December 31, 2020 based on agreed repayment terms. The tables have been drawn up based on undiscounted cash flows of financial liabilities based on the earliest date on which the Group can be required to pay. The tables include both interest and principal cash flows. As at December 31, 2020 Within Over Total Short-term bank loans and related interests 1,148,959 - 1,148,959 Trade and other payables 5,356,542 - 5,356,542 Related parties payables 1,132,811 - 1,132,811 Total 7,638,312 - 7,638,312 As at December 31, 2019 Within Over Total Short-term bank loans and related interests 1,075,084 - 1,075,084 Trade and other payables 4,578,419 - 4,578,419 Related parties payables 560,165 - 560,165 Total 6,213,668 - 6,213,668 6. Fair value The fair value of financial assets and financial liabilities is determined in accordance with generally accepted pricing models based on discounted cash flow analysis. The following table presents the fair value of the Group’s financial instruments measured at the end of the reporting period on a recurring basis, categorized into the three-level fair value hierarchy as defined in IFRS 13, Fair Value Measurement. The level into which a fair value measurement is classified is determined with reference to the observability and significance of the inputs used in the valuation technique as follows: - Level 1 valuations: Fair value measured using only Level 1 inputs i.e. unadjusted quoted prices in active markets for identical assets or liabilities at the measurement date. - Level 2 valuations: Fair value measured using Level 2 inputs i.e. observable inputs which fail to meet Level 1, and not using significant unobservable inputs. Unobservable inputs are inputs for which market data are not available. - Level 3 valuations: Fair value measured using significant unobservable inputs. During the years ended December 31, 2020 and 2019, there were no transfers between Level 1 and Level 2, or transfers into or out of Level 3. The Group’s policy is to recognize transfers between levels of fair value hierarchy as at the end of the reporting period in which they occur. Valuation techniques and inputs used in Level 2 fair value measurements The fair value of financial assets in Level 2 is determined by the model as disclosed in note 31. The directors of the Company consider that the carrying amounts of financial assets and financial liabilities recorded at amortized cost approximate their fair values.

Commitments and Contingencies

Commitments and Contingencies	12 Months Ended
	Dec. 31, 2020
Disclosure of commitments and contingent liabilities [text block] [Abstract]
COMMITMENTS AND CONTINGENCIES	34. COMMITMENTS AND CONTINGENCIES (1) The Company had the following capital commitments in respect of the construction of plant and equipment which were contracted but not provided for in the financial statements: As at As at Contracted and authorized, in RMB 440,851,273 440,851,273 Contracted and authorized, in USD 67,535,985 63,193,611 (2) As at December 31, 2020, the Company had lease commitments as follows: As at December 31, 2020 2019 Within 1 year 85,549 80,049 2-5 years 231,370 216,493 Thereafter 2,108,036 2,044,660 2,424,955 2,341,202 The amount of $85,549 as of December 31, 2020 represents leases of one office and one warehouse. There is no contingent rent payable for all of the leases. All leases are within one year except for one of the offices, which is leased by a related party as disclosed in note 30. The commitment pertains to this particular lease is as follows: As at December 31, 2020 2019 Within 1 year 77,123 72,164 2-5 years 231,370 216,493 Thereafter 2,108,036 2,044,660 2,416,529 2,333,318 The Company has prepaid this lease in the full amount. The lease commenced on January 1, 2009 and will expire on April 22, 2052. The lease does not specify the terms of renewal, purchase options, or escalation clauses. The Company may not sublease the office to a third party. As it is a practically cancellable lease, the requirement of recognisation of ROU asset is not applicable.

Events After the Balance Sheet

Events After the Balance Sheet	12 Months Ended
	Dec. 31, 2020
Disclosure of events after reporting period [text block] [Abstract]
EVENTS AFTER THE BALANCE SHEET	35. EVENTS AFTER THE BALANCE SHEET On January 24, 2021, the Company entered into a Debt Exchange Agreement with Keyan Yan. Under the Agreement, the Company satisfied outstanding debts owed to Mr. Yan in the amount of $809,552 in exchange for the issuance to Mr. Yan of 674,626 shares of the Company’s common stock, representing a conversion price of $1.20 per share. On February 26, 2021, the Board of Directors approved a Binding Memorandum of Understanding regarding an exempt private offering of convertible preferred stock in the amount of up to $1,500,000 to a single investor. Under the MOU, the investor will purchase up to 100,000 shares of convertible preferred stock at a price of $15 per share. Each share of preferred stock will be convertible to shares of our common stock at a ratio of 15 shares of common stock for each share of preferred stock. All shares of common stock issuable upon conversion of the preferred stock will be subject to a two-year lock-up agreement running from the initial closing of the financing. Conversions will be limited such that the investor may not affect a conversion of the preferred stock to the extent that, immediately after such conversion, the investor would be the beneficial owner of more than 9.99% of our issued and outstanding common stock. On March 12, 2021, the Company announced the authorization and declaration of a dividend distribution of one right for each outstanding share of common stock, par value $0.0001 per share, of the Company to stockholders of record as of the close of business on March 31, 2021. Each Right entitles the registered holder to purchase from the Company one 0.00667 portion of a share of Series B Participating Preferred Stock, par value $0.0001 per share, of the Company at an exercise price of $50.00.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2020
Accounting Policies [Abstract]
Basis of preparation	Basis of preparation The consolidated financial statements have been prepared on the historical cost basis and in accordance with IFRS as issued by the IASB. The principal accounting policies are set out below.
Basis of consolidation	Basis of consolidation The consolidated financial statements incorporate the financial statements of the Company and entities controlled by the Company (its subsidiaries). Control is achieved where the Company has the power to govern the financial and operating policies of an entity so as to obtain benefits from its activities. Where necessary, adjustments are made to the financial statements of subsidiaries to bring their accounting policies into line with those used by other members of the Group. All intra-group transactions, balances, income and expenses are eliminated on consolidation.
Foreign currencies	Foreign currencies Functional and presentation currency Items included in the financial statements are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The Group conducts its business predominately in the PRC and hence its functional currency is the Renminbi (RMB). Translation from RMB to USD found place at the following rates: Period end rates Average rates December 31, 2018 USD 1.00= RMB 6.8632 USD 1.00=RMB 6.6322 December 31, 2019 USD 1.00= RMB 6.9762 USD 1.00=RMB 6.8944 December 31, 2020 USD 1.00= RMB 6.5277 USD 1.00=RMB 6.9001 Translation from HKD to USD found place at the following rates: Period end rates Average rates December 31, 2018 USD 1.00= HKD 7.8329 USD 1.00=HKD 7.8636 December 31, 2019 USD 1.00= HKD 7.7877 USD 1.00=HKD 7.8342 December 31, 2020 USD 1.00= HKD 7.7525 USD 1.00=HKD 7.7558 The results and financial positions in functional currency are translated into the presentation currency, USD, of the Company as follows: (1) Assets and liabilities for each balance sheet presented are translated at the closing rate at the date of that balance sheet; (2) Income and expenses for each income statement are translated at average exchange rates (unless this average is not a reasonable approximation of the cumulative effect of the rates prevailing on the transaction dates, in which case income and expenses are translated at the dates of the transactions); (3) Share equity, share premium and dividends are translated at historical exchange rates; and (4) All resulting exchange differences are recognized in foreign currency translation reserve, a separate component of equity. All financial information presented in USD has been rounded to the nearest dollar, except when otherwise indicated.
Segment reporting	Segment reporting Operating segments, and the amounts of each segment item reported in the financial statements, are identified from the financial information provided regularly to the Group’s most senior executive management for the purposes of allocating resources to, and assessing the performance of, the Group’s various lines of business and geographical locations. Individually material operating segments are not aggregated for financial reporting purposes unless the segments have similar economic characteristics and are similar in respect of the nature of products and services, the nature of production processes, the type or class of customers, the methods used to distribute the products or provide the services, and the nature of the regulatory environment. Operating segments which are not individually material may be aggregated if they share a majority of these criteria. The Group’s five segments are wholesale, retail, contract manufacturing, tourism service and cross-border e-commerce.
Revenue recognition	Revenue recognition Revenue from contracts with customers Revenue from contracts with customers is recognized when control of goods or services is transferred to the customers at an amount that reflects the consideration to which the Company expects to be entitled in exchange for those goods or services. When the consideration in a contract includes a variable amount, the amount of consideration is estimated to which the Company will be entitled in exchange for transferring the goods or services to the customer. The variable consideration is estimated at contract inception and constrained until it is highly probable that a significant revenue reversal in the amount of cumulative revenue recognized will not occur when the associated uncertainty with the variable consideration is subsequently resolved. Currently, the Company’s contracts do not include such variable amount. When the contract contains a financing component which provides the customer a significant benefit of financing the transfer of goods or services to the customer for more than one year, revenue is measured at the present value of the amount receivable, discounted using the discount rate that would be reflected in a separate financing transaction between the Company and the customer at contract inception. When the contract contains a financing component which provides the Company a significant financial benefit for more than one year, revenue recognized under the contract includes the interest expense accreted on the contract liability under the effective interest method. For a contract where the period between the payment by the customer and the transfer of the promised goods or services is one year or less, the transaction price is not adjusted for the effects of a significant financing component, using the practical expedient in IFRS 15. Currently, the Company’s contract with its customers do not include financial benefit for more than one year. Nature and timing of satisfaction of performance obligations for each of the revenue streams are as follows: Revenue from the sale of goods Performance obligation is satisfied at the point in time when control of the asset is transferred to the customer, generally on delivery and acceptance of the goods. Revenue from the sale of packaged group tour service Performance obligation is satisfied when the tour service is completed, generally when the tour group successfully returned from the tour destination to the place of origination. Other income Interest income is recognized on an accrual basis using the effective interest method by applying the rate that exactly discounts the estimated future cash receipts over the expected life of the financial instrument or a shorter period, when appropriate, to the net carrying amount of the financial asset. Rental income is recognized on a time proportion basis over the lease terms. Dividend income is recognized when the shareholders’ right to receive payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Company and the amount of the dividend can be measured reliably.
Value added tax (VAT)	Value added tax (VAT) Current standard Output VAT in effect is 13% of product sales and taxable services revenue, according to existing tax laws. The remaining balance of output VAT, after subtracting the deductible input VAT of the period, is VAT payable. Period Standard April 1, 2019 - Current 13 % May 1, 2018 – March 31, 2019 16 % Earlier 17 %
Borrowing costs	Borrowing costs Borrowing costs directly attributable to the acquisition, construction or production of qualifying assets, which are assets that necessarily take a substantial period of time to get ready for their intended use or sale, are added to the cost of those assets until such time as the assets are substantially ready for their intended use or sale. All other borrowing costs are recognized in profit or loss in the period in which they are incurred.
Retirement benefit costs	Retirement benefit costs Pursuant to the relevant regulations of the PRC government, the Group’s subsidiaries located in the PRC participate in a local municipal government retirement benefits scheme (the “Scheme”), whereby they contribute a prescribed percentage of the basic salaries of their employees to the Scheme to fund their retirement benefits. Once the Scheme has been funded via contributions by the Group’s participating subsidiaries, the local municipal government takes responsibility for the retirement benefits obligations of all existing and future retired employees of those subsidiaries located in the PRC; accordingly, the only obligation of the Group with respect to the Scheme is to pay the on-going required contributions as long as the employees maintain employment with the Group. There are no provisions under the Scheme whereby forfeited contributions may be used to reduce future contributions. These plans are considered defined contribution plans. The Group has no legal or constructive obligations to pay further contributions after its payment of the fixed contributions into the pension schemes. Contributions to pension schemes are recognized as an expense in the period in which the related service is performed.
Taxation	Taxation The tax expense for the period comprises current and deferred tax. Tax is recognised in the income statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case the tax is also recognised in other comprehensive income or directly in equity, respectively. The current income tax charge is calculated on the basis of the tax laws enacted or substantively enacted at the balance sheet date in the countries where the Group operates and generates taxable income. Management periodically evaluates positions taken in tax returns with respect to situations in which applicable tax regulation is subject to interpretation and establishes provisions where appropriate on the basis of amounts expected to be paid to the tax authorities. Deferred tax is recognized on temporary differences between the carrying amounts of assets and liabilities in the consolidated financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognized for all taxable temporary differences. Deferred tax assets are generally recognized for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilized. Such deferred tax assets and liabilities are not recognized if the temporary difference arises from goodwill or from the initial recognition (other than in a business combination) of other assets and liabilities in a transaction that affects neither the taxable profit nor the accounting profit. Deferred tax liabilities are recognized for taxable temporary differences associated with investments in subsidiaries, except where the Group is able to control the reversal of the temporary difference and it is probable that the temporary difference will not reverse in the foreseeable future. Deferred tax assets arising from deductible temporary differences associated with such investments are only recognized to the extent that it is probable that there will be sufficient taxable profits against which to utilize the benefits of the temporary differences and they are expected to reverse in the foreseeable future. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realized, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. The measurement of deferred tax liabilities and assets reflects the tax consequences that would follow from the manner in which the Group expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities. Deferred income tax assets and liabilities are offset when there is a legally enforceable right to offset current tax assets against current tax liabilities and when the deferred income tax assets and liabilities relate to income taxes levied by the same taxation authority on either the taxable entity or different taxable entities where there is an intention to settle the balances on a net basis. Current and deferred tax are recognized in profit or loss, except when they relate to items that are recognized in other comprehensive income or directly in equity, in which case, the current and deferred tax are also recognized in other comprehensive income or directly in equity respectively. Where current tax or deferred tax arises from the initial accounting for a business combination, the tax effect is included in the accounting for the business combination.
Store pre-opening cost	Store pre-opening cost Store pre-opening cost was the start-up activity costs incurred prior to opening a new store, mainly including leasing, leasehold improvements, payroll and supplies. The accounting policies for leasing and leasehold improvements were as below. Other store pre-opening costs were directly charged to expenses when occurred.
Leasing	Leasing IFRS 16 Leases requires lessees to recognise assets and liabilities for most leases based on a ‘right-of-use model’ which reflects that, at the commencement date, a lessee has a financial obligation to make lease payments to the lessor for its right to use the underlying asset during the lease term. The lessor conveys that right to use the underlying asset at lease commencement, which is the time when it makes the underlying asset available for use by the lessee. IFRS 16 defines a lease term as the noncancellable period for which the lessee has the right to use an underlying asset including optional periods when an entity is reasonably certain to exercise an option to extend (or not to terminate) a lease. Under IFRS 16 lessees may also elect not to recognise assets and liabilities for leases with a lease term of 12 months or less. In such cases a lessee recognises the lease payments in profit or loss on a straight-line basis over the lease term. The exemption is required to be applied by class of underlying assets. Lessees can also make an election for leases for which the underlying asset is of low value. This election can be made on a lease-by-lease basis. For leases where the Group is the lessee, the lease term is either cancelable or no longer than 12 months, so the Group has elected not to record the leased assets. Lessor accounting under IFRS 16 is substantially unchanged from IAS 17. Lessors continue to classify leases as either operating or finance leases using similar principles as in IAS 17. IFRS 16 did not have any significant impact on leases where the Group is the lessor.
Leasehold improvements	Leasehold improvements Leasehold improvements, principally comprising costs of office buildings and shops renovation, are held for administrative and selling purposes. Leasehold improvements are initially measured at cost and amortized systematically over its useful life.
Property, plant and equipment	Property, plant and equipment Property, plant and equipment (“PPE”) including buildings held for use in the production or supply of goods or services, or for administrative purposes other than construction in progress are stated at cost less subsequent accumulated depreciation and accumulated impairment losses. Depreciation is provided to write off the cost of items of property, plant and equipment other than construction in progress over their estimated useful lives and after taking into account of their estimated residual value, using the straight-line method. Construction in progress includes property, plant and equipment in the course of construction for production or for its own use purposes. Construction in progress is carried at cost less any recognized impairment loss. Construction in progress is classified to the appropriate category of property, plant and equipment when completed and ready for intended use. Depreciation of these assets, on the same basis as other property assets, commences when the assets are ready for their intended use. An item of property, plant and equipment is derecognized upon disposal or when no future economic benefits are expected to arise from the continued use of the asset. Any gain or loss arising on de-recognition of the asset (calculated as the difference between the net disposal proceeds and the carrying amount of the item) is included in profit or loss in the period in which the item is de-recognized.
Investment properties	Investment properties Investment properties are land and buildings which are owned or held under a leasehold interest to earn rental income and/or for capital appreciation. These include land and buildings held for a currently undetermined future use. Such properties are stated at cost less accumulated depreciation and any impairment losses. Any gains or losses on the retirement or disposal of an investment property are recognised in the income statement in the year of the retirement or disposal. Depreciation is calculated on the straight-line basis to depreciate the cost of each item of investment properties over the estimated useful life of 20 years.
The Group as lessor	The Group as lessor Rental income from operating leases is recognized in profit or loss on a straight-line basis over the term of the relevant lease.
Land use rights	Land use rights Land use rights are stated at cost less accumulated amortization and accumulated impairment losses. Cost represents consideration paid for the rights to use the land on which various plants and buildings are situated for periods varying from 20 to 50 years. Amortization of land use rights is calculated on a straight-line basis over the period of the land use rights.
Inventories	Inventories Inventories are stated at the lower of cost and net realizable value. Costs of inventories are determined using the weighted average method. Net realizable value represents the estimated selling price for inventories less all estimated costs of completion and costs necessary to make the sale.
Financial instruments – investments and other financial assets	Financial instruments – investments and other financial assets Initial recognition and measurement Financial assets are classified, at initial recognition, as subsequently measured at amortized cost, fair value through other comprehensive income, and fair value through profit or loss. The classification of financial assets at initial recognition depends on the financial asset’s contractual cash flow characteristics and the Group’s business model for managing them. With the exception of trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient of not adjusting the effect of a significant financing component, the Group initially measures a financial asset at its fair value, plus in the case of a financial asset not at fair value through profit or loss, transaction costs. Trade receivables that do not contain a significant financing component or for which the Group has applied the practical expedient are measured at the transaction price determined under IFRS 15 in accordance with the policies set out for “Revenue recognition”. In order for a financial asset to be classified and measured at amortized cost or fair value through other comprehensive income, it needs to give rise to cash flows that are solely payments of principal and interest (“SPPI”) on the principal amount outstanding. The Group’s business model for managing financial assets refers to how it manages its financial assets in order to generate cash flows. The business model determines whether cash flows will result from collecting contractual cash flows, selling the financial assets, or both. All regular way purchases and sales of financial assets are recognized on the trade date, that is, the date that the Group commits to purchase or sell the asset. Regular way purchases or sales are purchases or sales of financial assets that require delivery of assets within the period generally established by regulation or convention in the marketplace. Subsequent measurement The subsequent measurement of financial assets depends on their classification as follows: Financial assets at amortized cost (debt instruments) The Group measures financial assets at amortized cost if both of the following conditions are met: ● The financial asset is held within a business model with the objective to hold financial assets in order to collect contractual cash flows. ● The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. Financial assets at amortized cost are subsequently measured using the effective interest method and are subject to impairment. Gains and losses are recognized in the income statement when the asset is derecognized, modified or impaired. Financial assets at fair value through other comprehensive income (debt instruments) The Group measures debt instruments at fair value through other comprehensive income if both of the following conditions are met: ● The financial asset is held within a business model with the objective of both holding to collect contractual cash flows and selling. ● The contractual terms of the financial asset give rise on specified dates to cash flows that are solely payments of principal and interest on the principal amount outstanding. For debt instruments at fair value through other comprehensive income, interest income, foreign exchange revaluation and impairment losses or reversals are recognized in the income statement and computed in the same manner as for financial assets measured at amortized cost. The remaining fair value changes are recognized in other comprehensive income. Upon derecognition, the cumulative fair value change recognized in other comprehensive income is recycled to the income statement. Financial assets at fair value through other comprehensive income (equity investments) Upon initial recognition, the Group can elect to classify irrevocably its equity investments as equity investments designated at fair value through other comprehensive income when they meet the definition of equity under HKAS 32 Financial Instruments: Presentation and are not held for trading. The classification is determined on an instrument-by-instrument basis. Gains and losses on these financial assets are never recycled to the income statement. Dividends are recognized as other income in the income statement when the right of payment has been established, it is probable that the economic benefits associated with the dividend will flow to the Group and the amount of the dividend can be measured reliably, except when the Group benefits from such proceeds as a recovery of part of the cost of the financial asset, in which case, such gains are recorded in other comprehensive income. Equity investments designated at fair value through other comprehensive income are not subject to impairment assessment. Financial assets at fair value through profit or loss Financial assets at fair value through profit or loss include financial assets held for trading, financial assets designated upon initial recognition at fair value through profit or loss, or financial assets mandatorily required to be measured at fair value. Financial assets are classified as held for trading if they are acquired for the purpose of selling or repurchasing in the near term. Derivatives, including separated embedded derivatives, are also classified as held for trading unless they are designated as effective hedging instruments. Financial assets with cash flows that are not solely payments of principal and interest are classified and measured at fair value through profit or loss, irrespective of the business model. Notwithstanding the criteria for debt instruments to be classified at amortized cost or at fair value through other comprehensive income, as described above, debt instruments may be designated at fair value through profit or loss on initial recognition if doing so eliminates, or significantly reduces, an accounting mismatch. Financial assets at fair value through profit or loss are carried in the statement of financial position at fair value with net changes in fair value recognized in the income statement. This category includes derivative financial instruments and structured bank deposits. A derivative embedded in a hybrid contract, with a financial liability or non-financial host, is separated from the host and accounted for as a separate derivative if the economic characteristics and risks are not closely related to the host; a separate instrument with the same terms as the embedded derivative would meet the definition of a derivative; and the hybrid contract is not measured at fair value through profit or loss. Embedded derivatives are measured at fair value with changes in fair value recognized in the income statement. Reassessment only occurs if there is either a change in the terms of the contract that significantly modifies the cash flows that would otherwise be required or a reclassification of a financial asset out of the fair value through profit or loss category. A derivative embedded within a hybrid contract containing a financial asset host is not accounted for separately. The financial asset host together with the embedded derivative is required to be classified in its entirety as a financial asset at fair value through profit or loss. Financial instruments – impairment of financial assets The Group recognizes an allowance for ECLs for all debt instruments not held at fair value through profit or loss. ECLs are based on the difference between the contractual cash flows due in accordance with the contract and all the cash flows that the Group expects to receive, discounted at an approximation of the original effective interest rate. The expected cash flows will include cash flows from the sale of collateral held or other credit enhancements that are integral to the contractual terms. General approach ECLs are recognized in two stages. For credit exposures for which there has not been a significant increase in credit risk since initial recognition, ECLs are provided for credit losses that result from default events that are possible within the next 12-months (a 12-month ECL). For those credit exposures for which there has been a significant increase in credit risk since initial recognition, a loss allowance is required for credit losses expected over the remaining life of the exposure, irrespective of the timing of the default (a lifetime ECL). At each reporting date, the Group assesses whether the credit risk on a financial instrument has increased significantly since initial recognition. When making the assessment, the Group compares the risk of a default occurring on the financial instrument as at the reporting date with the risk of a default occurring on the financial instrument as at the date of initial recognition and considers reasonable and supportable information that is available without undue cost or effort, including historical and forward-looking information. The Group considers a financial asset in default when contractual payments are 120 days past due. However, in certain cases, the Group may also consider a financial asset to be in default when internal or external information indicates that the Group is unlikely to receive the outstanding contractual amounts in full before taking into account any credit enhancements held by the Group. A financial asset is written off when there is no reasonable expectation of recovering the contractual cash flows. Debt instruments at fair value through other comprehensive income and financial assets at amortized cost are subject to impairment under the general approach and they are classified within the following stages for measurement of ECLs except for trade receivables which apply the simplified approach as detailed below. Stage 1 – Financial instruments for which credit risk has not increased significantly since initial recognition and for which the loss allowance is measured at an amount equal to 12-month ECLs Stage 2 – Financial instruments for which credit risk has increased significantly since initial recognition but that are not credit-impaired financial assets and for which the loss allowance is measured at an amount equal to lifetime ECLs Stage 3 – Financial assets that are credit-impaired at the reporting date (but that are not purchased or originated credit-impaired) and for which the loss allowance is measured at an amount equal to lifetime ECLs Simplified approach For trade receivables that do not contain a significant financing component or when the Group applies the practical expedient of not adjusting the effect of a significant financing component, the Group applies the simplified approach in calculating ECLs. Under the simplified approach, the Group does not track changes in credit risk, but instead recognizes a loss allowance based on lifetime ECLs at each reporting date. The Group has established a provision matrix that is based on its historical credit loss experience, adjusted for forward-looking factors specific to the debtors and the economic environment. For trade receivables that contain a significant financing component and lease receivables, the Group chooses as its accounting policy to adopt the simplified approach in calculating ECLs with policies as described above. Financial instruments – derecognition of financial assets A financial asset (or, where applicable, a part of a financial asset or part of a group of similar financial assets) is primarily derecognized (i.e., removed from the Group’s consolidated statement of financial position) when: ● the rights to receive cash flows from the asset have expired; or ● the Group has transferred its rights to receive cash flows from the asset or has assumed an obligation to pay the received cash flows in full without material delay to a third party under a “pass-through” arrangement; and either (a) the Group has transferred substantially all the risks and rewards of the asset, or (b) the Group has neither transferred nor retained substantially all the risks and rewards of the asset, but has transferred control of the asset. When the Group has transferred its rights to receive cash flows from an asset or has entered into a pass-through arrangement, it evaluates if, and to what extent, it has retained the risk and rewards of ownership of the asset. When it has neither transferred nor retained substantially all the risks and rewards of the asset nor transferred control of the asset, the Group continues to recognize the transferred asset to the extent of the Group’s continuing involvement. In that case, the Group also recognizes an associated liability. The transferred asset and the associated liability are measured on a basis that reflects the rights and obligations that the Group has retained. Continuing involvement that takes the form of a guarantee over the transferred asset is measured at the lower of the original amount of the asset and the maximum amount of consideration that the Group could be required to repay.
Financial instruments – financial liabilities	Financial instruments – financial liabilities Initial recognition and measurement All financial liabilities are recognized initially at fair value and, in the case of loans and borrowings, net of directly attributable transaction costs. The Group’s financial liabilities include trade payables, other payables, financial liabilities included in accruals and interest-bearing bank borrowings. Subsequent measurement After initial recognition, interest-bearing loans and borrowings are subsequently measured at amortized cost, using the effective interest rate method unless the effect of discounting would be immaterial, in which case they are stated at cost. Gains and losses are recognized in the income statement when the liabilities are derecognized as well as through the effective interest rate amortization process. Amortized cost is calculated by taking into account any discount or premium on acquisition and fees or costs that are an integral part of the effective interest rate. The effective interest rate amortization is included in finance costs in the income statement. Financial instruments – derecognition of financial liabilities A financial liability is derecognized when the obligation under the liability is discharged or cancelled, or expires. When an existing financial liability is replaced by another from the same lender on substantially different terms, or the terms of an existing liability are substantially modified, such an exchange or modification is treated as a derecognition of the original liability and a recognition of a new liability, and the difference between the respective carrying amounts is recognized in the income statement. Financial instruments – offsetting financial instruments Financial assets and financial liabilities are offset and the net amount is reported in the statement of financial position if there is a currently enforceable legal right to offset the recognized amounts and there is an intention to settle on a net basis, or to realize the assets and settle the liabilities simultaneously.
Capital and Reserves	Capital and Reserves Share capital represents the nominal value of shares that have been issued by the Group. Share capital is determined using the nominal value of shares that have been issued. Retained profits include all current and prior period results as determined in the combined statement of comprehensive income. Foreign currency translation reserve arising on the translation are included in the currency translation reserve. In accordance with the relevant laws and regulations of PRC, the subsidiaries of the Group established in PRC are required to transfer 10% of its annual statutory net profit (after offsetting any prior years’ losses) to the statutory reserve. When the balance of such reserve reaches 50% of the subsidiary’s share capital, any further transfer of its annual statutory net profit is optional. Such reserve may be used to offset accumulated losses or to increase the registered capital of the subsidiary subject to the approval of the relevant authorities. However, except for offsetting prior years’ losses, such statutory reserve must be maintained at a minimum of 25% of the share capital after such usage. The statutory reserves are not available for dividend distribution to the shareholders. All transactions with owners of the Group are recorded separately within equity.
Earnings/(loss) per share	Earnings/(loss) per share Basic earnings per share (“EPS”) are computed by dividing income attributable to holders of common shares by the weighted average number of common shares outstanding during the year. Diluted EPS reflects the potential dilution that could occur if securities or other contracts to issue common shares were exercised or converted into common shares. Potential dilutive securities are excluded from the calculation of diluted EPS in loss periods as their effect would be anti-dilutive. The preparation of financial statements in conformity with IFRS requires management to exercise judgment in the process of applying the Group’s accounting policies and requires the use of accounting estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of financial statements and reported amount of revenue and expenses during the reporting period. The following estimates that have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities within the next financial year are disclosed below.

Group Organization and Basis _2

Group Organization and Basis of Presentation of Consolidated Financial Statements (Tables)	12 Months Ended
	Dec. 31, 2020
Description of accounting policies and methods of computation followed in interim financial statements [text block] [Abstract]
Disclosure of operating segments [text block]	December 31, 2020 December 31, 2019 December 31, 2018 Current assets 1,458,319 - - Non-current assets - - - Total assets 1,458,319 - - Current liabilities 652,416 - - Total liabilities 652,416 - - Year ended December 31, 2020 2019 2018 Total revenues 1,335,374 - - Net loss (19,598 ) - - Net cash outflow from operating activities (443,211 ) - - Net cash inflow from investing activities - - - Net cash inflow from financing activities 624,647 - - Net increase in cash and cash equivalents 181,437 - - Foreign currency exchange effect 20,073 - - Cash and cash equivalents, beginning of the year 558,149 - - Cash and cash equivalents, end of the year 759,659 - -

Signifcant Accounting Policies

Signifcant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of significant accounting policies [text block] [Abstract]
Schedule of functional currency	Period end rates Average rates December 31, 2018 USD 1.00= RMB 6.8632 USD 1.00=RMB 6.6322 December 31, 2019 USD 1.00= RMB 6.9762 USD 1.00=RMB 6.8944 December 31, 2020 USD 1.00= RMB 6.5277 USD 1.00=RMB 6.9001 Period end rates Average rates December 31, 2018 USD 1.00= HKD 7.8329 USD 1.00=HKD 7.8636 December 31, 2019 USD 1.00= HKD 7.7877 USD 1.00=HKD 7.8342 December 31, 2020 USD 1.00= HKD 7.7525 USD 1.00=HKD 7.7558
Schedule of value added tax	Period Standard April 1, 2019 - Current 13 % May 1, 2018 – March 31, 2019 16 % Earlier 17 %

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of entity's operating segments [text block] [Abstract]
Schedule of operating segments gross margins	By business Wholesale Retail Subcontracting For the year ended For the year ended For the year ended 2020 2019 2018 2020 2019 2018 2020 2019 2018 Sales to external customers 8,366,144 10,308,309 13,584,754 446,834 571,403 2,375,773 727,797 5,585,850 2,574,589 Segment revenue 8,366,144 10,308,309 13,584,754 446,834 571,403 2,375,773 727,797 5,585,850 2,574,589 Segment gross margins/(loss) 2,053,266 3,268,945 2,245,944 175,632 319,706 (5,402,994 ) 102,955 2,162,393 840,913 Reconciling items Profit/(loss) before tax Income tax income/(expense) Profit/(loss) for the year By business Travel service E-commerce Consolidated For the year ended For the year ended For the year ended 2020 2019 2018 2020 2019 2018 2020 2019 2018 Sales to external customers 991,929 - - 343,445 - - 10,876,149 16,465,562 18,535,116 Segment revenue 991,929 - - 343,445 - - 10,876,149 16,465,562 18,535,116 Segment gross margins/(loss) 96,577 - - 69,988 - - 2,498,418 5,751,043 (2,316,136 Reconciling items (9,722,659 ) (5,412,858 ) (21,074,581 ) Profit/(loss) before tax (7,224,241 ) 338,185 (23,390,717 ) Income tax income/(expense) 1,556,824 (442,590 ) 5,422,119 Profit/(loss) for the year (5,667,417 ) (104,405 ) (17,968,598 )
Schedule of assets and liabilities	December 31, 2020 December 31, 2019 December 31, 2018 Current assets 1,458,319 - - Non-current assets - - - Total assets 1,458,319 - - Current liabilities 652,416 - - Total liabilities 652,416 - - Year ended December 31, 2020 2019 2018 Total revenues 1,335,374 - - Net loss (19,598 ) - - Net cash outflow from operating activities (443,211 ) - - Net cash inflow from investing activities - - - Net cash inflow from financing activities 624,647 - - Net increase in cash and cash equivalents 181,437 - - Foreign currency exchange effect 20,073 - - Cash and cash equivalents, beginning of the year 558,149 - - Cash and cash equivalents, end of the year 759,659 - -
Schedule of major distributors revenue	Year ended December 31, 2020 2019 2018 Distributor A 623,903 1,019,139 1,331,194 Other distributors 8,189,076 9,289,170 12,253,560 8,812,979 10,308,309 13,584,754
Schedule of major suppliers purchases	Year ended December 31, 2020 2019 2018 Supplier A 354,710 1,270,597 3,031,310 Supplier B 483,879 2,325,926 2,879,110 Supplier C - 504,779 - Supplier D 1,232,219 1,212,778 - Supplier E 1,215,155 869,365 - Supplier F - 1,222,864 1,684,910 Supplier G 1,239,805 - - Other suppliers 4,862,755 62,948 2,901,982 9,388,523 7,469,257 10,497,311

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of revenue [text block] [Abstract]
Schedule of information of revenue	Year ended December 31, 2020 2019 2018 Apparel - Wholesale 8,366,144 10,308,309 13,584,754 - Retail 446,834 571,403 2,375,773 8,812,979 10,879,712 15,960,527 Subcontracting 727,797 5,585,850 2,574,589 9,530,776 16,465,562 18,535,116 Travel service 991,929 - - Cross-border e-commerce 343,444 - - Total 10,876,149 16,465,562 18,535,116

Cost of Sales (Tables)

Cost of Sales (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of cost of sales [text block] [Abstract]
Schedule of cost of sales	Year ended December 31, 2020 2019 2018 Changes in inventories of finished goods and work in progress 114,905 76,800 (24,475 ) Materials consumed in production 2,343,747 43,443 29,619 Purchases of finished goods 2,755,152 7,053,841 19,044,582 Labor 460,394 2,887,199 1,061,943 Depreciation 32,405 142,278 352,739 Rental - - 452 Outsourced manufacturing cost 1,751,272 - - Outsourced service cost 848,362 - - Taxes and surcharges * 22,202 130,728 75,736 Water and electricity 30,528 63,969 62,027 Inventory provision (42,884 ) 42,919 196,124 Others 681 237,561 128,773 Foreign currency translation difference (60,966 ) 35,780 (76,269 ) 8,377,731 10,714,519 20,851,252 * Tax and surcharges are mainly Urban Maintenance and Construction Tax (7% of Valued Added Tax payment amount), Extra Charges of Education Fund (3% of Valued Added Tax payment amount) and Local Surcharge for Education Fund (2% of Valued Added Tax payment amount).

Other Income (Tables)

Other Income (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of other operating income [text block] [Abstract]
Schedule of other income	Year ended December 31, 2020 2019 2018 Government grant - 6,179 - Interest income on bank deposits 54,544 62,538 71,693 Other 364,094 222,865 50,446 418,638 291,582 122,139

Other Gains and (Losses) (Table

Other Gains and (Losses) (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Other Operating Gain Or Loss Explanatory [Abstract]
Schedule of other gains and (losses)	Year ended December 31, 2020 2019 2018 Gain/(Loss) on disposals of property, plant and equipment (46,184 ) 2,124 1,380 Foreign exchange gain - 13 (49 ) Provision / reversal of inventory obsolescence - - (196,124 ) Bad debt provision of trade receivables (2,334,410 ) (1,028,972 ) - Impairment of property - - (13,311,557 ) Others - (37,753 ) (15,950 ) (2,380,594 ) (1,064,588 ) (13,522,300 )

Distribution and Selling Expe_2

Distribution and Selling Expenses (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of expenses [text block] [Abstract]
Schedule of distribution and selling expenses	Year ended December 31, 2020 2019 2018 Rental 9,565 9,573 16,067 Depreciation - - 1,218 Labor 160,314 170,771 275,026 Subsidy to distributors 453,906 477,779 787,064 Promotion - - 15,623 Advertisement 1,174,552 287,354 1,152,176 Covid financial aid to distributors 2,172,432 - - Others 287,734 148,914 423,782 4,258,504 1,094,391 2,670,955

Administrative Expense (Tables)

Administrative Expense (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of general and administrative expense [text block] [Abstract]
Schedule of administrative expense	Year ended December 31, 2020 2019 2018 Labor 1,509,917 1,690,420 2,193,120 Audit fee 114,400 138,870 122,908 Professional fee 16,201 18,517 69,639 Design fee 410,166 372,192 648,632 Depreciation and amortization charges 738,725 685,253 1,185,257 Bank charges 3,283 2,815 8,130 Rental 72,960 73,021 75,907 Travelling and entertainment 76,093 17,439 2,662 Others 498,069 479,731 600,765 3,439,815 3,478,258 4,907,020

Finance Costs (Tables)

Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of finance cost [text block] [Abstract]
Schedule of finance costs	Year ended December 31, 2020 2019 2018 Interest expenses on bank borrowings wholly repayable within one year 62,383 67,203 96,444

Income Tax (Income)_ Expense (T

Income Tax (Income)/ Expense (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of income tax [text block] [Abstract]
Summary of income tax (Income)/ Expense	Year ended December 31, 2020 2019 2018 PRC enterprises income tax: Current tax 47,916 256,808 - Deferred tax (1,614,740 ) 185,787 (5,422,119 ) (1,556,824 ) 442,595 (5,422,119 )
Summary of tax charge	Year ended December 31, 2020 2019 2018 (Loss)/profit before tax (7,224,241 ) 338,185 (23,390,716 ) Tax calculated at domestic tax rates applicable to profits in PRC (2020, 2019, and 2018: 25%) (1,806,060 ) 84,546 (5,847,679 ) Tax effect of tax loss of tax exempt entities 249,236 358,049 425,560 Tax charge for the year (1,556,824 ) 442,595 (5,422,119 )
Summary of deferred tax balances	2020 2019 2018 Temporary difference Deferred tax assets Temporary difference Deferred tax assets Temporary difference Deferred tax assets Beginning of the year 59,616,758 14,127,559 60,645,730 14,688,829 38,761,131 9,924,944 Bad Debt provisions charged to profit or loss (2,334,410 ) (583,603 ) (1,028,972 ) 257,243 - - Impairment charged to profit or loss - - - - 13,507,681 3,376,920 Tax loss carried forward 6,227,296 1,556,824 - - 8,376,919 2,094,230 Effect of translation - (692,853 ) - (615,609 ) - (707,265 ) End of the year 63,509,644 16,960,839 59,616,758 14,330,463 60,645,730 14,688,829

(Loss)_Profit For The Year (Tab

(Loss)/Profit For The Year (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Profit Loss For Year Explanatory [Abstract]
Schedule of profit for the year	Year ended December 31, 2020 2019 2018 Cost of inventories recognized as expenses 8,355,528 10,583,791 20,398,829 Taxes and surcharges 22,202 130,728 112,108 8,377,731 10,714,519 20,510,936 Depreciation of property, plant and equipment 771,130 671,262 1,172,809 Amortization of land use rights and trademarks 13,980 13,992 14,545 Amortization of prepayments and premiums under operating leases 94,699 96,743 104,206 Provision (Reversal) of inventory obsolescence (42,884 ) (145,747 196,124 Provision of bad debt allowance 2,334,410 1,028,972 - Provision of impairment loss in property - - 13,311,557 3,171,335 1,665,222 14,799,241

Employees' Emoluments (Tables)

Employees' Emoluments (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of employee benefits [text block] [Abstract]
Schedule of emoluments paid or payable to the directors	Year ended December 31, 2020 2019 2018 Salaries and other short-term benefits 1,741,293 2,086,041 2,637,752 Defined contribution benefit schemes 95,978 290,414 205,499 Total employee benefits expense (including directors’ emoluments) 1,837,272 2,376,454 2,843,251

Directors' Emoluments (Tables)

Directors' Emoluments (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Directors Emoluments Explanatory [Abstract]
Schedule of directors' emoluments	Year ended December 31, 2020 2019 2018 Salaries Yan Keyan 306,466 389,826 739,350 Lixia Tu 237,880 232,144 296,100 John Sano 10,350 18,600 23,050 Themis Kalapotharakos 82,800 148,800 161,350 Matthew Los 82,800 148,800 161,350 Zhongmin Zhang 10,350 18,600 23,020 Yuet Mei Chan 10,350 18,600 23,050 740,996 975,370 1,427,300 Social Welfare Yan Keyan 432 1,055 1,122 432 1,055 1,122

Loss Per Share (Tables)

Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of earnings per share [text block] [Abstract]
Schedule of earnings/ (loss) per share	For the years ended December 31, 2020 2019 2018 Basic Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (5,667,417 ) $ (104,405 ) $ (17,968,598 ) Diluted Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (5,667,417 ) $ (104,405 ) $ (17,968,598 ) Basic Loss Per Share Denominator Original shares: 2,591,299 2,271,299 1,986,299 Additions from actual events: - Issuance of common stock, weighted 121,229 246,192 288,421 Basic weighted average shares outstanding 2,712,528 2,517,491 2,229,915 Diluted Loss Per Share Denominator Basic weighted average shares outstanding 2,712,528 2,517,491 2,229,915 Dilutive shares: Potential additions from dilutive events: - Exercise of investor warrants* Diluted Weighted Average Shares Outstanding: 2,712,528 2,517,491 2,229,915 Loss Per Share - Basic $ (2.09 ) $ (0.00 ) $ (8,06 ) - Diluted $ (2.09 ) $ (0.00 ) $ (8.06 ) Weighted Average Shares Outstanding - Basic 2,712,528 2,517,491 2,229,915 - Diluted 2,712,528 2,517,491 2,229,915 * There were no potential dilutive additions to diluted weighted shares outstanding as a result of the outstanding warrants being out-of-the-money during the periods presented.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of property, plant and equipment [text block] [Abstract]
Schedule of properties. plant and equipment	Plant Machinery Office Motor Furniture Leasehold Leasehold Total COST At January 1, 2019 29,757,837 881,199 135,802 82,500 153,808 852,840 255,876 32,119,863 Additions - - 162 - - - - 162 Disposals - (266,304 ) (280 ) (387 ) - - - (266,971 ) Reclassification to investment property (12,291,058 ) - - - - - - (12,291,058 ) Translation adjustment (482,015 ) (14,274 ) (2,200 ) (1,336 ) (2,491 ) (13,814 ) (4,145 ) (520,275 ) At December 31, 2019 16,984,763 600,620 133,486 80,777 151,317 839,026 251,731 19,041,720 Additions 23,127 - 2,451 - - - - 25,578 Disposals - (596,568 ) (7,959 ) (52,528 ) (735 ) - - (657,790 ) Reclassification to investment property (10,983,012 ) - - - - - - (10,983,012 ) Translation adjustment 1,167,115 41,272 9,173 5,551 10,398 57,654 17,298 1,308,459 At December 31, 2020 7,191,993 45,324 137,150 33,800 160,979 896,680 269,029 8,734,955 DEPRECIATION AND IMPAIRMENT At January 1, 2019 (17,946,631 ) (764,389 ) (103,875 ) (74,250 ) (142,191 ) (658,843 ) (255,876 ) (19,946,054 ) Provided for the year (832,476 ) (13,733 ) (7,279 ) - (1,857 ) (73,239 ) - (928,584 ) Eliminated upon disposal of assets 161,645 234,901 252 5,122 - - - 401,919 Depreciation reclassified to investment property 2,708,200 - - - - - - 2,708,200 Impairment reclassified to investment property 4,483,680 - - - - - - 4,483,680 Translation adjustment 290,698 12,382 1,683 1,203 2,303 10,672 4,145 323,085 At December 31, 2019 (11,134,883 ) (530,840 ) (109,220 ) (67,925 ) (141,745 ) (721,410 ) (251,731 ) (12,957,754 ) Provided for the year (317,378 ) (20,777 ) (25,503 ) (190 ) (9,150 ) (27,024 ) - (400,022 ) Eliminated upon disposal of assets - 542,770 7,163 42,174 662 - - 592,769 Depreciation reclassified to investment property 1,761,758 - - - - - - 1,761,758 Impairment reclassified to investment property 5,996,302 - - - - - - 5,996,302 Translation adjustment (765,138 ) (36,477 ) (7,505 ) (4,668 ) (9,740 ) (49,572 ) (17,298 ) (890,397 ) At December 31, 2020 (4,459,340 ) (45,324 ) (135,065 ) (30,609 ) (159,973 ) (798,005 ) (269,029 ) (5,897,346 ) CARRYING AMOUNT At December 31, 2019 5,849,880 69,780 24,266 12,852 9,572 117,616 - 6,083,966 At December 31, 2020 2,732,653 - 2,086 3,191 1,006 98,675 - 2,837,609
Schedule of straight-line basis for all property, plant and equipment over estimated useful lives	Useful life Residual Value Plant 20 years 10% Machinery 5 years 10% Office equipment 5 years 10% Motor vehicles 5 years 10% Furniture and fixtures 5 years 10% Leasehold improvements-factories and offices Shorter of estimated useful life of 5 years or lease term 10% Leasehold improvements-shops Shorter of estimated useful life of 5 years or lease term Nil Distributor shops’ furniture and fixtures 1.5 years Nil
Schedule of plant includes buildings owned by Anhui Kaixin built on the following land	Location Description Gross area (m 2 Jinxi Town, Longshan Road, Taihu City, Anhui Province, the PRC Dormitory 8,573 Jinxi Town, Longshan Road, Taihu City, Anhui Province, the PRC Factory 22,292
Schedule of carrying amount recognized assets carried under cost model	As at December 31, 2020 2019 Machinery 95,922 89,755 Motor Vehicles 35 33 Office Equipment 2,663 2,492 Furniture and fixtures 739 692 99,360 92,971
Schedule of investment properties	COST 2020 2019 Opening balance at 1 January 12,291,058 - Acquisitions - - Capitalised subsequent expenditure - - Classified as held for sale or disposals - - Transfer (to)/from inventories and owner-occupied property 10,983,012 12,291,058 Translation adjustment (844,585 ) - Closing balance at 31 December 24,118,655 12,291,058 DEPRECIATION AND IMPAIRMENT 2020 2019 Opening balance at 1 January (7,191,880 ) - Provided for the year (400,328 ) - Eliminated upon disposal of assets - - Impairment for the year - - Transfer to/(from) inventories and owner-occupied property (7,758,060 ) (7,191,880 ) Translation adjustment (494,192 ) - Closing balance at 31 December (15,844,460 ) (7,191,880 ) CARRYING AMOUNT 2020 2019 Closing balance at 31 December 8,274,195 5,099,178

Prepayments and Premiums Unde_2

Prepayments and Premiums Under Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of lease prepayments [text block] [Abstract]
Schedule of prepayments and premiums under operating leases	Amount At January 1, 2019 2,450,267 additions for the year 21,757 charge for the year (96,743 ) translation adjustment (38,810 ) At December 31, 2019 2,336,471 additions for the year 21,739 charge for the year (94,699 ) translation adjustment 156,389 At December 31, 2020 2,419,900
Schedule of prepayment and premium under operating lease analyzed for reporting	As at December 31, 2020 2019 Current asset 80,494 75,318 Non-current asset 2,339,406 2,261,153 2,419,900 2,336,471

Prepayment for Construction o_2

Prepayment for Construction of New Plant (Tables)	12 Months Ended
	Dec. 31, 2020
Prepayment For Construction Of New Plant [Abstract]
Schedule of the carrying amount of the prepayment for construction of new plant	As at Prepaid in 2015 8,469,878 Recognized as construction in progress (110,041 ) 8,359,837 Impairment loss in 2015: (1,199,314 ) 7,160,523 Impairment loss in 2016: (6,989,200 ) Translation adjustment: (171,323 ) -

Prepayment for Acquisition of_2

Prepayment for Acquisition of Land Use Right (Tables)	12 Months Ended
	Dec. 31, 2020
Description of accounting policy for deferred acquisition costs arising from insurance contracts [text block] [Abstract]
Schedule of prepayment for acquisition of land use right	As at Prepaid in 2010 6,039,930 Impairment loss: (1,265,867 ) 4,774,063 Impairment loss in 2016: (4,659,838 ) Translation adjustment: (114,225 ) -

Land Use Rights (Tables)

Land Use Rights (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of quantitative information about leases for lessee [abstract]
Schedule of land use right	Amount COST At January 1, 2019 699,055 additions for the year - translation adjustment (11,323 ) At December 31, 2019 687,732 additions for the year - translation adjustment 47,258 At December 31, 2020 734,990 AMORTIZATION At January 1, 2019 (95,552 ) charge for the year (13,992 ) translation adjustment 1,712 At December 31, 2019 (107,832 ) charge for the year (13,980 ) translation adjustment (8,208 ) At December 31, 2020 (130,020 ) CARRYING AMOUNTS At December 31, 2019 579,900 At December 31, 2020 604,970
Schedule of location	Location Expiry date Land area (m 2 Longshan Road, Economic development District, Taihu County 2062-05-23 2,440 Longshan Road, Economic development District, Taihu County 2061-11-06 7,405

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of inventories [text block] [Abstract]
Schedule of Inventories	As at December 31, 2020 2019 Raw materials 1,247,087 1,047,532 Finished goods 607,911 437,144 Provision for obsolete inventories - (42,416 ) 1,854,998 1,442,260

Trade Receivables, Other Rece_2

Trade Receivables, Other Receivables and Prepayments (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of trade and other receivables [text block] [Abstract]
Schedule of trade receivables	As at December 31, 2020 2019 Trade receivables 16,276,263 12,775,324 Bad debt provision for trade receivables (4,923,646 ) (2,299,558 ) 11,352,617 10,475,766
Schedule of other receivables	As at December 31, 2020 2019 Other receivables 124,685 3,387 Prepayments 1,424,317 116,911 1,549,002 120,298
Schedule of aging analysis of trade receivables	As at December 31, 2020 2019 Current 5,223,618 778,047 Past due for less than 4 months 3,852,158 2,458,705 Past due for more than 4 months 7,200,487 9,538,573 16,276,263 12,755,324
Schedule of provision for doubtful debts	2020 2019 As at January 1 2,299,558 1,294,097 Provision provided in the year 2,334,410 1,028,972 Translation adjustment 289,678 (23,481 ) As at December 31 4,923,646 2,299,558

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of cash and cash equivalents [text block] [Abstract]
Schedule of cash and cash equivalents	As at December 31, 2020 2019 Cash on hand 6,603 8,692 Bank deposits 16,590,797 20,611,786 Other monetary funds 23,890 - 16,621,290 20,620,478 As at December 31, 2020 2019 Renminbi 16,620,458 20,618,675 Hong Kong Dollars 13 983 United States Dollars 820 820 16,621,290 20,620,478

Trade and Other Payables (Table

Trade and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of trade and other payables [text block] [Abstract]
Schedule of trade and other payables	As at December 31, 2020 2019 Trade payables 276,719 63,550 Employee benefits payable 149,358 182,386 Other payables 1,816,095 1,761,358 Subtotal financial liabilities 2,242,172 2,007,294 Other taxes payable 3,114,370 2,571,125 5,356,542 4,578,419
Schedule of aging analysis of trade payables	As at December 31, 2020 2019 Current 275,569 52,632 Past due for less than 4 months 1,103 3,959 Past due for over 4 months 47 6,959 276,719 63,550

Related Parties Payable (Tables

Related Parties Payable (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of transactions between related parties [abstract]
Schedule of nature of relationship with related parties	Name Relationship with the Group Yan, Keyan Co-chairman of the Board of Directors and interim Chief Financial Officer Chen, Bizhen Wife of Yan, Keyan KBS International Ex-shareholder of Hongri Shishi City Lingxiu Hongri Knitwear Factory Company owned by Chen, Bizhen Sun, Lei Chief Executive Officer * The Company entered into a lease arrangement for office space with this related party in 2010. The breakdown of the commitment to the lease is disclosed in note 34. * The Company entered into a lease arrangement for office space with this related party in 2010. The breakdown of the commitment to the lease is disclosed in note 34.
Schedule of significant balances between group and related parties	As at December 31, Name Nature 2020 2019 Yan, Keyan Borrowing of funds 826,422 560,165 Sun, Lei Borrowing of funds 306,389 - 1,132,811 560,165

Short-Term Bank Loans (Tables)

Short-Term Bank Loans (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of borrowings [text block] [Abstract]
Schedule of components of short-term bank loans	As at December 31, 2020 2019 Secured bank borrowings 1,148,959 1,075,084 Carrying amount repayable within 1 year 1,148,959 1,075,084
Schedule of borrowings fixed-rate and denominated in RMB	Bank loans Amount USD Period Interest rate Mortgage Personal guarantee #1 1,148,959 4/26/2020 4/26/2021 4.35 % Land use right and buildings Yan, Keyan/Chen, Bizhen 1,148,959

Share Capital and Share Premi_2

Share Capital and Share Premium (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of share capital, reserves and other equity interest [text block] [Abstract]
Schedule of details of the group's share capital	Number of Share Share Shares outstanding as December 31, 2018 2,271,299 $ 227 $ 8,000,561 Issuance of shares 320,000 32 1,199,218 Shares outstanding as December 31, 2019 2,591,299 259 9,199,779 Issuance of shares 817,347 82 2,112,864 Shares outstanding as December 31, 2020 3,408,646 341 11,312,643 Number of Share Share Authorized Common shares of US$0.0001 as at December 31, 2020 150,000,000 $ 15,000 $ - Issue and fully paid common shares of US$0.0001 as at December 31, 2018 2,271,299 $ 227 $ 8,000,561 Issue and fully paid common shares of US$0.0001 as at December 31, 2019 2,591,299 $ 259 $ 9,199,779 Issue and fully paid common shares of US$0.0001 as at December 31, 2020 3,408,646 341 $ 11,312,643

Risk Management and Fair Valu_2

Risk Management and Fair Values (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure Of Risk Management And Fair Values [Abstract]
Schedule of capital risk	December 31, December 31, Total borrowing 1,148,959 1,075,084 Less: cash and cash equivalents (16,621,290 ) (20,620,478 ) Net debt (15,472,331 ) (19,545,394 ) Total equity 54,531,662 55,053,098 Total capital 39,059,331 35,507,704 Gearing ratio (28 )% (36 )%
Schedule of liquidity risk	Within Over Total Short-term bank loans and related interests 1,148,959 - 1,148,959 Trade and other payables 5,356,542 - 5,356,542 Related parties payables 1,132,811 - 1,132,811 Total 7,638,312 - 7,638,312 Within Over Total Short-term bank loans and related interests 1,075,084 - 1,075,084 Trade and other payables 4,578,419 - 4,578,419 Related parties payables 560,165 - 560,165 Total 6,213,668 - 6,213,668

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2020
Disclosure of commitments and contingent liabilities [text block] [Abstract]
Schedule of capital commitments	As at As at Contracted and authorized, in RMB 440,851,273 440,851,273 Contracted and authorized, in USD 67,535,985 63,193,611
Schedule of capital commitments	As at December 31, 2020 2019 Within 1 year 85,549 80,049 2-5 years 231,370 216,493 Thereafter 2,108,036 2,044,660 2,424,955 2,341,202 As at December 31, 2020 2019 Within 1 year 77,123 72,164 2-5 years 231,370 216,493 Thereafter 2,108,036 2,044,660 2,416,529 2,333,318

General Information (Details)

General Information (Details)

Aug. 07, 2020

Aug. 04, 2016

Jul. 23, 2020

Jul. 17, 2020

May 24, 2018

Mar. 29, 2018

Sep. 30, 2011CNY (¥)

Mar. 24, 2011CNY (¥)

Mar. 16, 2011CNY (¥)

Jan. 27, 2011$ / sharesshares

Dec. 31, 2010shares

Nov. 25, 2010USD ($)

Nov. 25, 2010HKD ($)$ / shares

Jul. 08, 2008USD ($)$ / sharesshares

Mar. 28, 2006USD ($)$ / sharesshares

Nov. 17, 2005CNY (¥)

Sep. 21, 2005HKD ($)$ / sharesshares

Hongri [Member]

General Information (Details) [Line Items]

Common unit issuance of authorized value | $

$ 50,000

Number of shares authorised | shares

50,000

Par value per share | $ / shares

$ 77

$ 1

Number of shares issued | shares

10,000

Issued on additional shares | shares

10,000

France Cock [Member]

General Information (Details) [Line Items]

Common unit issuance of authorized value | $

$ 10,000

Number of shares authorised | shares

10,000

Par value per share | $ / shares

$ 1

Roller Rome [Member]

General Information (Details) [Line Items]

Common unit issuance of authorized value | $

$ 50,000

Number of shares authorised | shares

50,000

Par value per share | (per share)

$ 1

$ 1

Vast Billion [Member]

General Information (Details) [Line Items]

Common unit issuance of authorized value

$ 10,000

$ 10,000

Hongri Fujian [Member]

General Information (Details) [Line Items]

Increased registered capital | ¥

¥ 5,000,000

Paid up capital | ¥

¥ 39,551,860

Hongri Fujian [Member] | Minimum [Member]

General Information (Details) [Line Items]

Increased registered capital | ¥

¥ 70,000,000

Hongri Fujian [Member] | Maximum [Member]

General Information (Details) [Line Items]

Increased registered capital | ¥

¥ 75,000,000

Anhui Kai Xin [Member]

General Information (Details) [Line Items]

Increased registered capital | ¥

¥ 1,000,000

Flower Crown Holding [Member]

General Information (Details) [Line Items]

Business combination, descrition

company incorporated on August 7, 2020 in the Cayman Islands. It has 50,000 shares issued and outstanding with a par value of $1. It is wholly owned by KBSF Fashion Group Limited.

Flower Crown HK [Member]

General Information (Details) [Line Items]

Business combination, descrition

incorporated in Hong Kong on May 24, 2018. It has a total of 10,000 shares issued and outstanding with a par value of $1. It is wholly owned by Flower Crown Holding

Kim Hyun Technolog [Member]

General Information (Details) [Line Items]

Business combination, descrition

in the PRC, as a wholly foreign-owned enterprise. Kim Hyun Tianjin is 100% owned by Flower Crown HK. The total investment is RMB10,000,000, the registered capital is RMB10,000,000

Jin Xuan Luxury Tourism [Member]

General Information (Details) [Line Items]

Business combination, descrition

incorporated in the PRC on August 4, 2016. Kim Hyun Tianjin, through a series of contractual arrangements, manages and controls Jin Xuan Luxury Tourism. It has a registered capital of RMB20,000,000

Flower Crown China [Member]

General Information (Details) [Line Items]

Business combination, descrition

incorporated in the PRC on July 17, 2020. It is 100% owned by Jin Xuan Luxury Tourism. It has a registered capital of RMB10,000,000

Heyang Travel [Member]

General Information (Details) [Line Items]

Business combination, descrition

incorporated in the PRC on March 29, 2018. It is 100% owned by Jin Xuan Luxury Tourism. It has a registered capital of RMB5,000,000

Group Organization and Basis _3

Group Organization and Basis of Presentation of Consolidated Financial Statements (Details) - Schedue of major financial statements amounts and balances of the Group’s VIEs and subsidiaries of VIEs - VIEs [Member] - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Group Organization and Basis of Presentation of Consolidated Financial Statements (Details) - Schedue of major financial statements amounts and balances of the Group’s VIEs and subsidiaries of VIEs [Line Items]
Current assets	$ 1,458,319
Non-current assets
Total assets	1,458,319
Current liabilities	652,416
Total liabilities	652,416
Total revenues	1,335,374
Net loss	(19,598)
Net cash outflow from operating activities	(443,211)
Net cash inflow from investing activities
Net cash inflow from financing activities	624,647
Net increase in cash and cash equivalents	181,437
Foreign currency exchange effect	20,073
Cash and cash equivalents, beginning of the year	558,149
Cash and cash equivalents, end of the year	$ 759,659	$ 558,149

Signifcant Accounting Policie_2

Signifcant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2020
Disclosure of significant accounting policies [text block] [Abstract]
Number of segments	5
Value added tax rate	13.00%
Estimated useful life	20 years
Currency translation reserve, description	In accordance with the relevant laws and regulations of PRC, the subsidiaries of the Group established in PRC are required to transfer 10% of its annual statutory net profit (after offsetting any prior years’ losses) to the statutory reserve. When the balance of such reserve reaches 50% of the subsidiary’s share capital, any further transfer of its annual statutory net profit is optional. Such reserve may be used to offset accumulated losses or to increase the registered capital of the subsidiary subject to the approval of the relevant authorities. However, except for offsetting prior years’ losses, such statutory reserve must be maintained at a minimum of 25% of the share capital after such usage.

Signifcant Accounting Policie_3

Signifcant Accounting Policies (Details) - Schedule of functional currency	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
RMB to USD [Member]
Signifcant Accounting Policies (Details) - Schedule of functional currency [Line Items]
Translation currency, Period end rates	USD 1.00= RMB 6.5277	USD 1.00= RMB 6.9762	USD 1.00= RMB 6.8632
Translation currency, Average rates	USD 1.00=RMB 6.9001	USD 1.00=RMB 6.8944	USD 1.00=RMB 6.6322
HKD to USD [Member]
Signifcant Accounting Policies (Details) - Schedule of functional currency [Line Items]
Translation currency, Period end rates	USD 1.00= HKD 7.7525	USD 1.00= HKD 7.7877	USD 1.00= HKD 7.8329
Translation currency, Average rates	USD 1.00=HKD 7.7558	USD 1.00=HKD 7.8342	USD 1.00=HKD 7.8636

Signifcant Accounting Policie_4

Signifcant Accounting Policies (Details) - Schedule of value added tax	Dec. 31, 2020
April 1, 2019 - Current [Member]
Signifcant Accounting Policies (Details) - Schedule of value added tax [Line Items]
Standard VAT rate in effect	13.00%
May 1, 2018 - March 31, 2019 [Member]
Signifcant Accounting Policies (Details) - Schedule of value added tax [Line Items]
Standard VAT rate in effect	16.00%
Earlier [Member]
Signifcant Accounting Policies (Details) - Schedule of value added tax [Line Items]
Standard VAT rate in effect	17.00%

Significant Management Judgem_2

Significant Management Judgement in Applying Accounting Policies (Details) - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Disclosure of accounting judgements and estimates [text block] [Abstract]
Income tax payable	$ 47,916	$ 256,808

Key Sources of Estimation Unc_2

Key Sources of Estimation Uncertainty (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017	Dec. 31, 2016	Dec. 31, 2015
Key Sources of Estimation Uncertainty (Details) [Line Items]
Buildings, machinery and equipment estimated useful lives	Management estimates the useful lives of these buildings, machinery and equipment to be within 5 to 20 years.
Impairment losses
Level 2 of fair value hierarchy [member]
Key Sources of Estimation Uncertainty (Details) [Line Items]
Impairment to carrying value down to management						$ 5,154,034
Fair value estimated cost						379,971
Estimation of construction prepayment						1,317,295
Impairment to carrying value down to management					$ 0
Level 3 of fair value hierarchy [member]
Key Sources of Estimation Uncertainty (Details) [Line Items]
Impairment losses			13,311,557			1,248,039
Estimation of construction prepayment						$ 7,160,523
Impairment to carrying value down to management	0		0	$ 0
Land [member]
Key Sources of Estimation Uncertainty (Details) [Line Items]
Impairment losses
Plants [member]
Key Sources of Estimation Uncertainty (Details) [Line Items]
Buildings, machinery and equipment estimated useful lives	20 years
Impairment losses			$ 13,311,557

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of operating segments gross margins - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Wholesale [Member]
Segment Reporting (Details) - Schedule of operating segments gross margins [Line Items]
Sales to external customers	$ 8,366,144	$ 10,308,309	$ 13,584,754
Segment revenue	8,366,144	10,308,309	13,584,754
Segment gross margins/(loss)	2,053,266	3,268,945	2,245,944
Reconciling items
Profit/(loss) before tax
Income tax income/(expense)
Profit/(loss) for the year
Retail [Member]
Segment Reporting (Details) - Schedule of operating segments gross margins [Line Items]
Sales to external customers	446,834	571,403	2,375,773
Segment revenue	446,834	571,403	2,375,773
Segment gross margins/(loss)	175,632	319,706	(5,402,994)
Reconciling items
Profit/(loss) before tax
Income tax income/(expense)
Profit/(loss) for the year
Subcontracting [Member]
Segment Reporting (Details) - Schedule of operating segments gross margins [Line Items]
Sales to external customers	727,797	5,585,850	2,574,589
Segment revenue	727,797	5,585,850	2,574,589
Segment gross margins/(loss)	102,955	2,162,393	840,913
Reconciling items
Profit/(loss) before tax
Income tax income/(expense)
Profit/(loss) for the year
Travel service [Member]
Segment Reporting (Details) - Schedule of operating segments gross margins [Line Items]
Sales to external customers	991,929
Segment revenue	991,929
Segment gross margins/(loss)	96,577
Reconciling items
Profit/(loss) before tax
Income tax income/(expense)
Profit/(loss) for the year
E-Commerce [Member]
Segment Reporting (Details) - Schedule of operating segments gross margins [Line Items]
Sales to external customers	343,445
Segment revenue	343,445
Segment gross margins/(loss)	69,988
Reconciling items
Profit/(loss) before tax
Income tax income/(expense)
Profit/(loss) for the year
Consolidated [Member]
Segment Reporting (Details) - Schedule of operating segments gross margins [Line Items]
Sales to external customers	10,876,149	16,465,562	18,535,116
Segment revenue	10,876,149	16,465,562	18,535,116
Segment gross margins/(loss)	2,498,418	5,751,043	2,316,136
Reconciling items	(9,722,659)	(5,412,858)	(21,074,581)
Profit/(loss) before tax	(7,224,241)	338,185	(23,390,717)
Income tax income/(expense)	1,556,824	(442,590)	5,422,119
Profit/(loss) for the year	$ (5,667,417)	$ (104,405)	$ (17,968,598)

Segment Reporting (Details) -_2

Segment Reporting (Details) - Schedule of assets and liabilities - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Wholesale And Retail [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	$ 25,905,492	$ 24,741,115
Non-current assets	11,924,761	10,047,963
Total assets	37,830,253	34,789,078
Current liabilities	3,436,210	3,066,041
Total liabilities	3,436,210	3,066,041
Subcontracting [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	3,448,586	7,979,513
Non-current assets	19,092,258	18,306,697
Total assets	22,540,844	26,286,610
Current liabilities	1,462,327	1,483,891
Total liabilities	1,462,327	1,483,891
Travel service [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	528,955
Non-current assets
Total assets	528,955
Current liabilities	245,607
Total liabilities	245,607
E-Commerce [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	854,843
Non-current assets
Total assets	854,843
Current liabilities	381,876
Total liabilities	381,876
Unallocated [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	720,524	13,492
Non-current assets
Total assets	720,524	13,492
Current liabilities	2,417,737	2,094,462
Total liabilities	2,417,737	2,094,462
Consolidated [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	31,458,400	32,734,120
Non-current assets	31,017,019	28,354,660
Total assets	62,475,419	61,088,780
Current liabilities	7,943,757	6,644,394
Total liabilities	$ 7,943,757	$ 6,644,394

Segment Reporting (Details) -_3

Segment Reporting (Details) - Schedule of major distributors revenue - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Distributor A [Member]
Segment Reporting (Details) - Schedule of major distributors revenue [Line Items]
Revenue	$ 623,903	$ 1,019,139	$ 1,331,194
Other Distributors [Member]
Segment Reporting (Details) - Schedule of major distributors revenue [Line Items]
Revenue	8,189,076	9,289,170	12,253,560
Wholesale [Member]
Segment Reporting (Details) - Schedule of major distributors revenue [Line Items]
Revenue	$ 8,812,979	$ 10,308,309	$ 13,584,754

Segment Reporting (Details) -_4

Segment Reporting (Details) - Schedule of major suppliers purchases - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Suppliers amount	$ 9,388,523	$ 7,469,257	$ 10,497,311
Supplier A [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Suppliers amount	354,710	1,270,597	3,031,310
Supplier B [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Suppliers amount	483,879	2,325,926	2,879,110
Supplier C [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Suppliers amount		504,779
Supplier D [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Suppliers amount	1,232,219	1,212,778
Supplier E [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Suppliers amount	1,215,155	869,365
Supplier F [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Suppliers amount		1,222,864	1,684,910
Supplier G [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Suppliers amount	1,239,805
Other suppliers [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Suppliers amount	$ 4,862,755	$ 62,948	$ 2,901,982

Revenue (Details) - Schedule of

Revenue (Details) - Schedule of information of revenue - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Revenue (Details) - Schedule of information of revenue [Line Items]
Revenue	$ 10,876,149	$ 16,465,562	$ 18,535,115
Wholesale [Member]
Revenue (Details) - Schedule of information of revenue [Line Items]
Revenue	8,366,144	10,308,309	13,584,754
Retail [Member]
Revenue (Details) - Schedule of information of revenue [Line Items]
Revenue	446,834	571,403	2,375,773
Apparel Total [Member]
Revenue (Details) - Schedule of information of revenue [Line Items]
Revenue	8,812,979	10,879,712	15,960,527
Subcontracting [Member]
Revenue (Details) - Schedule of information of revenue [Line Items]
Revenue	727,797	5,585,850	2,574,589
Subtotal [Member]
Revenue (Details) - Schedule of information of revenue [Line Items]
Revenue	9,530,776	16,465,562	18,535,116
Travel service [Member]
Revenue (Details) - Schedule of information of revenue [Line Items]
Revenue	991,929
Cross border e-commerce [Member]
Revenue (Details) - Schedule of information of revenue [Line Items]
Revenue	$ 343,444

Cost of Sales (Details)

Cost of Sales (Details)	12 Months Ended
	Dec. 31, 2020
Disclosure of cost of sales [text block] [Abstract]
Tax and surcharges, description	*Tax and surcharges are mainly Urban Maintenance and Construction Tax (7% of Valued Added Tax payment amount), Extra Charges of Education Fund (3% of Valued Added Tax payment amount) and Local Surcharge for Education Fund (2% of Valued Added Tax payment amount).

Cost of Sales (Details) - Sched

Cost of Sales (Details) - Schedule of cost of sales - USD ($)		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of cost of sales [Abstract]
Changes in inventories of finished goods and work in progress		$ 114,905	$ 76,800	$ (24,475)
Materials consumed in production		2,343,747	43,443	29,619
Purchases of finished goods		2,755,152	7,053,841	19,044,582
Labor		460,394	2,887,199	1,061,943
Depreciation		32,405	142,278	352,739
Rental				452
Outsourced manufacturing cost		1,751,272
Outsourced service cost		848,362
Taxes and surcharges	[1]	22,202	130,728	75,736
Water and electricity		30,528	63,969	62,027
Inventory provision		(42,884)	42,919	196,124
Others		681	237,561	128,773
Foreign currency translation difference		(60,966)	35,780	(76,269)
Cost of sales		$ 8,377,731	$ 10,714,519	$ 20,851,252
[1]	Tax and surcharges are mainly Urban Maintenance and Construction Tax (7% of Valued Added Tax payment amount), Extra Charges of Education Fund (3% of Valued Added Tax payment amount) and Local Surcharge for Education Fund (2% of Valued Added Tax payment amount).

Other Income (Details) - Schedu

Other Income (Details) - Schedule of other income - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of other income [Abstract]
Government grant		$ 6,179
Interest income on bank deposits	54,544	62,538	71,693
Other	364,094	222,865	50,446
Other income	$ 418,638	$ 291,582	$ 122,139

Other Gains and (Losses) (Detai

Other Gains and (Losses) (Details) - Schedule of other gains and (losses) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of other gains and (losses) [Abstract]
Gain/(Loss) on disposals of property, plant and equipment	$ (46,184)	$ 2,124	$ 1,380
Foreign exchange gain		13	(49)
Provision / reversal of inventory obsolescence			(196,124)
Bad debt provision of trade receivables	(2,334,410)	(1,028,972)
Impairment of property			(13,311,557)
Others		(37,753)	(15,950)
Other gains (losses)	$ (2,380,594)	$ (1,064,588)	$ (13,522,300)

Distribution and Selling Expe_3

Distribution and Selling Expenses (Details) - Schedule of distribution and selling expenses - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of distribution and selling expenses [Abstract]
Rental	$ 9,565	$ 9,573	$ 16,067
Depreciation			1,218
Labor	160,314	170,771	275,026
Subsidy to distributors	453,906	477,779	787,064
Promotion			15,623
Advertisement	1,174,552	287,354	1,152,176
Covid financial aid to distributors	2,172,432
Others	287,734	148,914	423,782
Total	$ 4,258,504	$ 1,094,391	$ 2,670,955

Administrative Expense (Details

Administrative Expense (Details) - Schedule of administrative expense - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of administrative expense [Abstract]
Labor	$ 1,509,917	$ 1,690,420	$ 2,193,120
Audit fee	114,400	138,870	122,908
Professional fee	16,201	18,517	69,639
Design fee	410,166	372,192	648,632
Depreciation and amortization charges	738,725	685,253	1,185,257
Bank charges	3,283	2,815	8,130
Rental	72,960	73,021	75,907
Travelling and entertainment	76,093	17,439	2,662
Others	498,069	479,731	600,765
Total	$ 3,439,815	$ 3,478,258	$ 4,907,020

Finance Costs (Details)

Finance Costs (Details)	Dec. 31, 2020
Disclosure of finance cost [text block] [Abstract]
Bank borrowings interest rate	6.09%

Finance Costs (Details) - Sched

Finance Costs (Details) - Schedule of finance costs - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of finance costs [Abstract]
Interest expenses on bank borrowings wholly repayable within one year	$ 62,383	$ 67,203	$ 96,444

Income Tax (Income)_ Expense (D

Income Tax (Income)/ Expense (Details)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax (Income)/ Expense (Details) [Line Items]
Tax rate effect of tax losses	25.00%	25.00%	25.00%
Applicable tax rate	16.50%
Hongri Fujian and Anhui Kai Xin [Member]
Income Tax (Income)/ Expense (Details) [Line Items]
Tax rate effect of tax losses	25.00%

Income Tax (Income)_ Expense _2

Income Tax (Income)/ Expense (Details) - Summary of income tax (Income)/ Expense - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Income Tax (Income)/ Expense (Details) - Summary of income tax (Income)/ Expense [Line Items]
Tax expense (income), continuing operations	$ (1,556,824)	$ 442,590	$ (5,422,119)
Prc [Member]
Income Tax (Income)/ Expense (Details) - Summary of income tax (Income)/ Expense [Line Items]
Current tax	47,916	256,808
Deferred tax	$ (1,614,740)	$ 185,787	$ (5,422,119)

Income Tax (Income)_ Expense _3

Income Tax (Income)/ Expense (Details) - Summary of tax charge - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Summary of tax charge [Abstract]
(Loss)/profit before tax	$ (7,224,241)	$ 338,185	$ (23,390,717)
Tax calculated at domestic tax rates applicable to profits in PRC (2020, 2019, and 2018: 25%)	(1,806,060)	84,546	(5,847,679)
Tax effect of tax loss of tax exempt entities	249,236	358,049	425,560
Tax charge for the year	$ (1,556,824)	$ 442,590	$ (5,422,119)

Income Tax (Income)_ Expense _4

Income Tax (Income)/ Expense (Details) - Summary of tax charge (Parentheticals)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Summary of tax charge [Abstract]
Domestic tax rates applicable to profits	25.00%	25.00%	25.00%

Income Tax (Income)_ Expense _5

Income Tax (Income)/ Expense (Details) - Summary of deferred tax balances - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Temporary difference [Member]
Income Tax (Income)/ Expense (Details) - Summary of deferred tax balances [Line Items]
Beginning of the year	$ 59,616,758	$ 60,645,730	$ 38,761,131
Bad Debt provisions charged to profit or loss	(2,334,410)	(1,028,972)
Impairment charged to profit or loss			13,507,681
Tax loss carried forward	6,227,296		8,376,919
Effect of translation
End of the year	63,509,644	59,616,758	60,645,730
Deferred tax assets [Member]
Income Tax (Income)/ Expense (Details) - Summary of deferred tax balances [Line Items]
Beginning of the year	14,127,559	14,688,829	9,924,944
Bad Debt provisions charged to profit or loss	(583,603)	257,243
Impairment charged to profit or loss			3,376,920
Tax loss carried forward	1,556,824		2,094,230
Effect of translation	(692,853)	(615,609)	(707,265)
End of the year	$ 16,960,839	$ 14,127,559	$ 14,688,829

(Loss)_Profit For The Year (Det

(Loss)/Profit For The Year (Details) - Schedule of profit for the year - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of profit for the year [Abstract]
Cost of inventories recognized as expenses	$ 8,355,528	$ 10,583,791	$ 20,398,829
Taxes and surcharges	22,202	130,728	112,108
Cost of sales	8,377,731	10,714,519	20,510,936
Depreciation of property, plant and equipment	771,130	671,262	1,172,809
Amortization of land use rights and trademarks	13,980	13,992	14,545
Amortization of prepayments and premiums under operating leases	94,699	96,743	104,206
Provision (Reversal) of inventory obsolescence	(42,884)	145,747	196,124
Provision of bad debt allowance	2,334,410	1,028,972
Provision of impairment loss in property			13,311,557
Profit for the year	$ 3,171,335	$ 1,665,222	$ 14,799,241

Employees' Emoluments (Details)

Employees' Emoluments (Details) - Schedule of emoluments paid or payable to the directors - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of emoluments paid or payable to the directors [Abstract]
Salaries and other short-term benefits	$ 1,741,293	$ 2,086,041	$ 2,637,752
Defined contribution benefit schemes	95,978	290,414	205,499
Total employee benefits expense (including directors’ emoluments)	$ 1,837,272	$ 2,376,454	$ 2,843,251

Directors' Emoluments (Details)

Directors' Emoluments (Details) - Schedule of directors' emoluments - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Salaries
Salaries	$ 740,996	$ 975,370	$ 1,427,300
Social Welfare
Social Welfare	432	1,055	1,122
Yan Keyan [Member]
Salaries
Salaries	306,466	389,826	739,350
Social Welfare
Social Welfare	432	1,055	1,122
Lixia Tu [Member]
Salaries
Salaries	237,880	232,144	296,100
John Sano [Member]
Salaries
Salaries	10,350	18,600	23,050
Themis Kalapotharakos [Member]
Salaries
Salaries	82,800	148,800	161,350
Matthew Los [Member]
Salaries
Salaries	82,800	148,800	161,350
Zhongmin Zhang [Member]
Salaries
Salaries	10,350	18,600	23,020
Yuet Mei Chan [Member]
Salaries
Salaries	$ 10,350	$ 18,600	$ 23,050

Loss Per Share (Details) - Sche

Loss Per Share (Details) - Schedule of earnings/ (loss) per share - USD ($)		12 Months Ended
		Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Basic Loss Per Share Numerator
Profit for the year attributable to owners of the Company (in Dollars)		$ (5,667,417)	$ (104,405)	$ (17,968,598)
Diluted Loss Per Share Numerator
Profit for the year attributable to owners of the Company (in Dollars)		$ (5,667,417)	$ (104,405)	$ (17,968,598)
Basic Loss Per Share Denominator
Original shares:		2,591,299	2,271,299	1,986,299
Additions from actual events:
- Issuance of common stock, weighted		121,229	246,192	288,421
Basic weighted average shares outstanding		2,712,528	2,517,491	2,229,915
Diluted Loss Per Share Denominator
Basic weighted average shares outstanding		2,712,528	2,517,491	2,229,915
Dilutive shares: Potential additions from dilutive events:
- Exercise of investor warrants	[1]
Diluted Weighted Average Shares Outstanding:		2,712,528	2,517,491	2,229,915
Loss Per Share
- Basic (in Dollars per share)		$ (2.09)	$ 0	$ (806)
- Diluted (in Dollars per share)		$ (2.09)	$ 0	$ (8.06)
Weighted Average Shares Outstanding
- Basic		2,712,528	2,517,491	2,229,915
- Diluted		2,712,528	2,517,491	2,229,915
[1]	There were no potential dilutive additions to diluted weighted shares outstanding as a result of the outstanding warrants being out-of-the-money during the periods presented.

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Nov. 10, 2012
Disclosure of property, plant and equipment [text block] [Abstract]
Net exchange differences from translating from functional currency to presentation currency	$ (418,062)	$ (197,910)
Depreciation expense	378,430	939,601	$ 1,525,548
Impairment loss			$ (13,311,557)
Gross carrying amount of fully depreciated property, plant and equipment still in use	$ 88,764	$ 93,701
Revaluation surplus				$ 184,272

Property, Plant and Equipment_3

Property, Plant and Equipment (Details) - Schedule of properties. plant and equipment - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
COST
Balance	$ 19,041,720	$ 32,119,863
Additions	25,578	162
Disposals	(657,790)	(266,971)
Reclassification to investment property	(10,983,012)	(12,291,058)
Translation adjustment	1,308,459	(520,275)
Balance	8,734,955	19,041,720
DEPRECIATION AND IMPAIRMENT
Balance	(12,957,754)	(19,946,054)
Provided for the year	(400,022)	(928,584)
Eliminated upon disposal of assets	592,769	401,919
Depreciation reclassified to investment property	1,761,758	2,708,200
Impairment reclassified to investment property	5,996,302	4,483,680
Translation adjustment	(890,397)	323,085
Balance	(5,897,346)	(12,957,754)
CARRYING AMOUNT
Ending balance	2,837,609	6,083,966
Plants [member]
COST
Balance	16,984,763	29,757,837
Additions	23,127
Disposals
Reclassification to investment property	(10,983,012)	(12,291,058)
Translation adjustment	1,167,115	(482,015)
Balance	7,191,993	16,984,763
DEPRECIATION AND IMPAIRMENT
Balance	(11,134,883)	(17,946,631)
Provided for the year	(317,378)	(832,476)
Eliminated upon disposal of assets		161,645
Depreciation reclassified to investment property	1,761,758	2,708,200
Impairment reclassified to investment property	5,996,302	4,483,680
Translation adjustment	(765,138)	290,698
Balance	(4,459,340)	(11,134,883)
CARRYING AMOUNT
Ending balance	2,732,653	5,849,880
Machinery [member]
COST
Balance	600,620	881,199
Additions
Disposals	(596,568)	(266,304)
Reclassification to investment property
Translation adjustment	41,272	(14,274)
Balance	45,324	600,620
DEPRECIATION AND IMPAIRMENT
Balance	(530,840)	(764,389)
Provided for the year	(20,777)	(13,733)
Eliminated upon disposal of assets	542,770	234,901
Depreciation reclassified to investment property
Impairment reclassified to investment property
Translation adjustment	(36,477)	12,382
Balance	(45,324)	(530,840)
CARRYING AMOUNT
Ending balance		69,780
Office equipment [member]
COST
Balance	133,486	135,802
Additions	2,451	162
Disposals	(7,959)	(280)
Reclassification to investment property
Translation adjustment	9,173	(2,200)
Balance	137,150	133,486
DEPRECIATION AND IMPAIRMENT
Balance	(109,220)	(103,875)
Provided for the year	(25,503)	(7,279)
Eliminated upon disposal of assets	7,163	252
Depreciation reclassified to investment property
Impairment reclassified to investment property
Translation adjustment	(7,505)	1,683
Balance	(135,065)	(109,220)
CARRYING AMOUNT
Ending balance	2,086	24,266
Motor vehicles [member]
COST
Balance	80,777	82,500
Additions
Disposals	(52,528)	(387)
Reclassification to investment property
Translation adjustment	5,551	(1,336)
Balance	33,800	80,777
DEPRECIATION AND IMPAIRMENT
Balance	(67,925)	(74,250)
Provided for the year	(190)
Eliminated upon disposal of assets	42,174	5,122
Depreciation reclassified to investment property
Impairment reclassified to investment property
Translation adjustment	(4,668)	1,203
Balance	(30,609)	(67,925)
CARRYING AMOUNT
Ending balance	3,191	12,852
Furniture and fixtures [Member]
COST
Balance	151,317	153,808
Additions
Disposals	(735)
Reclassification to investment property
Translation adjustment	10,398	(2,491)
Balance	160,979	151,317
DEPRECIATION AND IMPAIRMENT
Balance	(141,745)	(142,191)
Provided for the year	(9,150)	(1,857)
Eliminated upon disposal of assets	662
Depreciation reclassified to investment property
Impairment reclassified to investment property
Translation adjustment	(9,740)	2,303
Balance	(159,973)	(141,745)
CARRYING AMOUNT
Ending balance	1,006	9,572
Leasehold improvements-factories and offices [Member]
COST
Balance	839,026	852,840
Additions
Disposals
Reclassification to investment property
Translation adjustment	57,654	(13,814)
Balance	896,680	839,026
DEPRECIATION AND IMPAIRMENT
Balance	(721,410)	(658,843)
Provided for the year	(27,024)	(73,239)
Eliminated upon disposal of assets
Depreciation reclassified to investment property
Impairment reclassified to investment property
Translation adjustment	(49,572)	10,672
Balance	(798,005)	(721,410)
CARRYING AMOUNT
Ending balance	98,675	117,616
Leasehold improvements-shops [Member]
COST
Balance	251,731	255,876
Additions
Disposals
Reclassification to investment property
Translation adjustment	17,298	(4,145)
Balance	269,029	251,731
DEPRECIATION AND IMPAIRMENT
Balance	(251,731)	(255,876)
Provided for the year
Eliminated upon disposal of assets
Depreciation reclassified to investment property
Impairment reclassified to investment property
Translation adjustment	(17,298)	4,145
Balance	(269,029)	(251,731)
CARRYING AMOUNT
Ending balance

Property, Plant and Equipment_4

Property, Plant and Equipment (Details) - Schedule of straight-line basis for all property, plant and equipment over estimated useful lives	12 Months Ended
	Dec. 31, 2020
Plants [member]
Property, Plant and Equipment (Details) - Schedule of straight-line basis for all property, plant and equipment over estimated useful lives [Line Items]
Useful life	20 years
Residual value	10.00%
Machinery [member]
Property, Plant and Equipment (Details) - Schedule of straight-line basis for all property, plant and equipment over estimated useful lives [Line Items]
Useful life	5 years
Residual value	10.00%
Office equipment [member]
Property, Plant and Equipment (Details) - Schedule of straight-line basis for all property, plant and equipment over estimated useful lives [Line Items]
Useful life	5 years
Residual value	10.00%
Motor vehicles [member]
Property, Plant and Equipment (Details) - Schedule of straight-line basis for all property, plant and equipment over estimated useful lives [Line Items]
Useful life	5 years
Residual value	10.00%
Furniture and fixtures [Member]
Property, Plant and Equipment (Details) - Schedule of straight-line basis for all property, plant and equipment over estimated useful lives [Line Items]
Useful life	5 years
Residual value	10.00%
Leasehold improvements-factories and offices [Member]
Property, Plant and Equipment (Details) - Schedule of straight-line basis for all property, plant and equipment over estimated useful lives [Line Items]
Useful life	Shorter of estimated useful life of 5 years or lease term
Residual value	10.00%
Leasehold improvements-shops [Member]
Property, Plant and Equipment (Details) - Schedule of straight-line basis for all property, plant and equipment over estimated useful lives [Line Items]
Useful life	Shorter of estimated useful life of 5 years or lease term
Residual value
Distributor shops' furniture and fixtures [Member]
Property, Plant and Equipment (Details) - Schedule of straight-line basis for all property, plant and equipment over estimated useful lives [Line Items]
Useful life	1.5 years
Residual value

Property, Plant and Equipment_5

Property, Plant and Equipment (Details) - Schedule of plant includes buildings owned by Anhui Kaixin built on the following land	12 Months Ended
	Dec. 31, 2020
Jinxi Town, Longshan Road, Taihu City, Anhui Province, the PRC [Member]
Property, Plant and Equipment (Details) - Schedule of plant includes buildings owned by Anhui Kaixin built on the following land [Line Items]
Description	Dormitory
Gross area (m2)	8,573
Jinxi Town, Longshan Road, Taihu City, Anhui Province, the PRC One [Member]
Property, Plant and Equipment (Details) - Schedule of plant includes buildings owned by Anhui Kaixin built on the following land [Line Items]
Description	Factory
Gross area (m2)	22,292

Property, Plant and Equipment_6

Property, Plant and Equipment (Details) - Schedule of carrying amount recognized assets carried under cost model - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Property, Plant and Equipment (Details) - Schedule of carrying amount recognized assets carried under cost model [Line Items]
Carrying amount of recognized assets	$ 99,360	$ 92,971
Machinery [member]
Property, Plant and Equipment (Details) - Schedule of carrying amount recognized assets carried under cost model [Line Items]
Carrying amount of recognized assets	95,922	89,755
Motor Vehicles [Member]
Property, Plant and Equipment (Details) - Schedule of carrying amount recognized assets carried under cost model [Line Items]
Carrying amount of recognized assets	35	33
Office Equipment [Member]
Property, Plant and Equipment (Details) - Schedule of carrying amount recognized assets carried under cost model [Line Items]
Carrying amount of recognized assets	2,663	2,492
Furniture and fixtures [Member]
Property, Plant and Equipment (Details) - Schedule of carrying amount recognized assets carried under cost model [Line Items]
Carrying amount of recognized assets	$ 739	$ 692

Property, Plant and Equipment_7

Property, Plant and Equipment (Details) - Schedule of investment properties - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
COST
Property, Plant and Equipment (Details) - Schedule of investment properties [Line Items]
Opening balance	$ 12,291,058
Acquisitions
Capitalised subsequent expenditure
Classified as held for sale or disposals
Transfer (to)/from inventories and owner-occupied property	10,983,012	12,291,058
Translation adjustment	(844,585)
Closing balance	24,118,655	12,291,058
DEPRECIATION AND IMPAIRMENT
Property, Plant and Equipment (Details) - Schedule of investment properties [Line Items]
Opening balance	(7,191,880)
Provided for the year	(400,328)
Eliminated upon disposal of assets
Impairment for the year
Transfer to/(from) inventories and owner-occupied property	(7,758,060)	(7,191,880)
Translation adjustment	(494,192)
Closing balance	(15,844,460)	(7,191,880)
CARRYING AMOUNT
Property, Plant and Equipment (Details) - Schedule of investment properties [Line Items]
Closing balance	$ 8,274,195	$ 5,099,178

Prepayments and Premiums Unde_3

Prepayments and Premiums Under Operating Leases (Details) - Schedule of prepayments and premiums under operating leases - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of prepayments and premiums under operating leases [Abstract]
Beginning balance, At January 1	$ 2,336,471	$ 2,450,267
additions for the year	21,739	21,757
charge for the year	(94,699)	(96,743)
translation adjustment	156,389	(38,810)
Ending balance, At December 31	$ 2,419,900	$ 2,336,471

Prepayments and Premiums Unde_4

Prepayments and Premiums Under Operating Leases (Details) - Schedule of prepayment and premium under operating lease analyzed for reporting - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of prepayment and premium under operating lease analyzed for reporting [Abstract]
Current asset	$ 80,494	$ 75,318
Non-current asset	2,339,406	2,261,153
Total	$ 2,419,900	$ 2,336,471	$ 2,450,267

Prepayment for Construction o_3

Prepayment for Construction of New Plant (Details) - USD ($)	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2013	Dec. 31, 2012	Nov. 20, 2010
Prepayment for Construction of New Plant (Details) [Line Items]
Prepayment for construction					$ 17,826,251
Recognized in construction in progress	$ 110,041		$ 16,401,778
Amount transferred construction in progress	$ 22,960,220
Kaixin Anhui [Member]
Prepayment for Construction of New Plant (Details) [Line Items]
Prepayment for construction			$ 9,747,897	$ 6,363,853
Construction in progress [Member]
Prepayment for Construction of New Plant (Details) [Line Items]
Recognized in construction in progress		$ 6,537,016
Construction in progress [Member] | Second & Third Phase [Member]
Prepayment for Construction of New Plant (Details) [Line Items]
Recognized in construction in progress		$ 15,525,413

Prepayment for Construction o_4

Prepayment for Construction of New Plant (Details) - Schedule of the carrying amount of the prepayment for construction of new plant	Dec. 31, 2020USD ($)
Schedule of the carrying amount of the prepayment for construction of new plant [Abstract]
Prepaid in 2015	$ 8,469,878
Recognized as construction in progress	(110,041)
Net recognized construction in progress	8,359,837
Impairment loss in 2015:	(1,199,314)
Adjustment construction in progress	7,160,523
Impairment loss in 2016:	(6,989,200)
Translation adjustment:	(171,323)
Adjustment construction in progress

Prepayment for Acquisition of_3

Prepayment for Acquisition of Land Use Right (Details)	Sep. 02, 2010USD ($)
Description of accounting policy for deferred acquisition costs arising from insurance contracts [text block] [Abstract]
Total consideration	$ 6,340,456

Prepayment for Acquisition of_4

Prepayment for Acquisition of Land Use Right (Details) - Schedule of prepayment for acquisition of land use right	Dec. 31, 2019USD ($)
Schedule of prepayment for acquisition of land use right [Abstract]
Prepaid in 2010	$ 6,039,930
Impairment loss:	(1,265,867)
Prepayment for acquisition of land use right	4,774,063
Impairment loss in 2016:	(4,659,838)
Translation adjustment:	(114,225)
Prepayment for acquisition of land use right net

Land Use Rights (Details)

Land Use Rights (Details)	12 Months Ended
	Dec. 31, 2020
Disclosure of quantitative information about leases for lessee [abstract]
Land use rights, terms	50 years

Land Use Rights (Details) - Sch

Land Use Rights (Details) - Schedule of land use right - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
COST
Beginning balance, At January 1	$ 687,732	$ 699,055
additions for the year
translation adjustment	47,258	(11,323)
Ending balance, At December 31	734,990	687,732
AMORTIZATION
Beginning balance, At January 1	(107,832)	(95,552)
charge for the year	(13,980)	(13,992)
translation adjustment	(8,208)	1,712
Ending balance, At December 31	(130,020)	(107,832)
CARRYING AMOUNTS
Land use rights	$ 604,970	$ 579,900

Land Use Rights (Details) - S_2

Land Use Rights (Details) - Schedule of location	12 Months Ended
	Dec. 31, 2020
Ngshan Road Economic Development District Taihu County [Member]
Land Use Rights (Details) - Schedule of location [Line Items]
Expiry date of tenure	May 23, 2062
Land area (m2)	2,440
Ngshan Road Economic Development District Taihu County One [Member]
Land Use Rights (Details) - Schedule of location [Line Items]
Expiry date of tenure	Nov. 6, 2061
Land area (m2)	7,405

Inventories (Details) - Schedul

Inventories (Details) - Schedule of Inventories - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Schedule of Inventories [Abstract]
Raw materials	$ 1,247,087	$ 1,047,532
Finished goods	607,911	437,144
Provision for obsolete inventories		(42,416)
Inventories	$ 1,854,998	$ 1,442,260

Trade Receivables, Other Rece_3

Trade Receivables, Other Receivables and Prepayments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure of trade and other receivables [text block] [Abstract]
Average credit period, description	The Group allows an average credit period of 120 -180 days to its trade customers.
Bad debt allowance	$ 4,923,646	$ 2,299,558
Trade receivables	$ 1,874,193	$ 1,509,839

Trade Receivables, Other Rece_4

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of trade receivables - Trade receivables [member] - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of trade receivables [Line Items]
Trade receivables	$ 16,276,263	$ 12,775,324
Bad debt provision for trade receivables	(4,923,646)	(2,299,558)
Trade receivables, net	$ 11,352,617	$ 10,475,766

Trade Receivables, Other Rece_5

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of other receivables - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Schedule of other receivables [Abstract]
Other receivables	$ 124,685	$ 3,387
Prepayments	1,424,317	116,911
Trade and other receivables	$ 1,549,002	$ 120,298

Trade Receivables, Other Rece_6

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables [Line Items]
Trade receivables	$ 16,276,263	$ 12,755,324
Current [Member]
Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables [Line Items]
Trade receivables	5,223,618	778,047
Past due for less than 4 months [Member]
Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables [Line Items]
Trade receivables	3,852,158	2,458,705
Past due for more than 4 months [Member]
Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables [Line Items]
Trade receivables	$ 7,200,487	$ 9,538,573

Trade Receivables, Other Rece_7

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of provision for doubtful debts - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Schedule of provision for doubtful debts [Abstract]
As at January 1	$ 2,299,558	$ 1,294,097
Provision provided in the year	2,334,410	1,028,972
Translation adjustment	289,678	(23,481)
As at December 31	$ 4,923,646	$ 2,299,558

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details)	Dec. 31, 2020	Dec. 31, 2019
Bottom of range [Member]
Cash and Cash Equivalents (Details) [Line Items]
Percentage of bank deposit interest rate	0.30%	0.30%
Top of range [Member]
Cash and Cash Equivalents (Details) [Line Items]
Percentage of bank deposit interest rate	0.40%	0.40%

Cash and Cash Equivalents (De_2

Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash on hand	$ 6,603	$ 8,692
Bank deposits	16,590,797	20,611,786
Other monetary funds	23,890
Cash and cash equivalents	16,621,290	20,620,478	$ 21,026,103	$ 26,050,456
Renminbi [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents	16,620,458	20,618,675
Hong Kong Dollars [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents	13	983
United States Dollars [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents	820	820
Total [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents	$ 16,621,290	$ 20,620,478

Trade and Other Payables (Detai

Trade and Other Payables (Details) - Schedule of trade and other payables - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Schedule of trade and other payables [Abstract]
Trade payables	$ 276,719	$ 63,550
Employee benefits payable	149,358	182,386
Other payables	1,816,095	1,761,358
Subtotal financial liabilities	2,242,172	2,007,294
Other taxes payable	3,114,370	2,571,125
Trade and other payables	$ 5,356,542	$ 4,578,419

Trade and Other Payables (Det_2

Trade and Other Payables (Details) - Schedule of aging analysis of trade payables - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	$ 276,719	$ 63,550
Current [Member]
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	275,569	52,632
Past due for less than 4 months [Member]
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	1,103	3,959
Past due for over 4 months [Member]
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	$ 47	$ 6,959

Related Parties Payable (Detail

Related Parties Payable (Details) - Schedule of nature of relationship with related parties	12 Months Ended
	Dec. 31, 2008
Yan, Keyan [Member]
Related Parties Payable (Details) - Schedule of nature of relationship with related parties [Line Items]
Relationship with the Group	Co-chairman of the Board of Directors and interim Chief Financial Officer
Chen, Bizhen [Member]
Related Parties Payable (Details) - Schedule of nature of relationship with related parties [Line Items]
Relationship with the Group	Wife of Yan, Keyan
KBS International [Member]
Related Parties Payable (Details) - Schedule of nature of relationship with related parties [Line Items]
Relationship with the Group	Ex-shareholder of Hongri
Shishi City Lingxiu Hongri Knitwear Factory [Member]
Related Parties Payable (Details) - Schedule of nature of relationship with related parties [Line Items]
Relationship with the Group	Company owned by Chen, Bizhen
Sun, Lei [Member]
Related Parties Payable (Details) - Schedule of nature of relationship with related parties [Line Items]
Relationship with the Group	Chief Executive Officer

Related Parties Payable (Deta_2

Related Parties Payable (Details) - Schedule of significant balances between group and related parties - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Related Parties Payable (Details) - Schedule of significant balances between group and related parties [Line Items]
Borrowing of funds	$ 1,132,811	$ 560,165
Yan, Keyan [Member]
Related Parties Payable (Details) - Schedule of significant balances between group and related parties [Line Items]
Borrowing of funds	826,422	560,165
Sun, Lei [Member]
Related Parties Payable (Details) - Schedule of significant balances between group and related parties [Line Items]
Borrowing of funds	$ 306,389

Short-Term Bank Loans (Details)

Short-Term Bank Loans (Details) - Schedule of components of short-term bank loans - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Schedule of components of short-term bank loans [Abstract]
Secured bank borrowings	$ 1,148,959	$ 1,075,084
Carrying amount repayable within 1 year	$ 1,148,959	$ 1,075,084

Short-Term Bank Loans (Detail_2

Short-Term Bank Loans (Details) - Schedule of borrowings fixed-rate and denominated in RMB - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Short-Term Bank Loans (Details) - Schedule of borrowings fixed-rate and denominated in RMB [Line Items]
Amount	$ 1,148,959	$ 1,075,084
Interest rate	6.09%
4/26/2020 - 4/26/2021 [Member] | Bank loans, #1 [Member]
Short-Term Bank Loans (Details) - Schedule of borrowings fixed-rate and denominated in RMB [Line Items]
Amount	$ 1,148,959
Interest rate	4.35%
Mortgage	Land use right and buildings
Personal guarantee	Yan, Keyan/Chen, Bizhen

Share Capital and Share Premi_3

Share Capital and Share Premium (Details) - $ / shares	Dec. 31, 2020	Dec. 21, 2020	Sep. 01, 2020	Mar. 29, 2019	Mar. 25, 2019
Share Capital and Share Premium (Details) [Line Items]
Preferred stock, share authorized	5,000,000
Preferred stock, par value (in Dollars per share)	$ 0.0001
Common stock, share authorized	150,000,000
Common stock, par value (in Dollars per share)	$ 0.0001
Shares issued			325,000		305,000
Shares issued for services				15,000
Sun Lei [Member]
Share Capital and Share Premium (Details) [Line Items]
Shares issued		233,217
Flower Crown Holdings [Member]
Share Capital and Share Premium (Details) [Line Items]
Shares issued		259,130

Share Capital and Share Premi_4

Share Capital and Share Premium (Details) - Schedule of details of the group's share capital - shares	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Number of shares [Member]
Share Capital and Share Premium (Details) - Schedule of details of the group's share capital [Line Items]
Shares outstanding	3,408,646	2,591,299	2,271,299
Authorized Common shares	150,000,000
Issue and fully paid common shares	3,408,646	2,591,299	2,271,299
Issuance of shares	817,347	320,000
Share capital [Member]
Share Capital and Share Premium (Details) - Schedule of details of the group's share capital [Line Items]
Shares outstanding	341	259	227
Authorized Common shares	15,000
Issue and fully paid common shares	341	259	227
Issuance of shares	82	32
Share premium [member]
Share Capital and Share Premium (Details) - Schedule of details of the group's share capital [Line Items]
Shares outstanding	11,312,643	9,199,779	8,000,561
Authorized Common shares
Issue and fully paid common shares	11,312,643	9,199,779	8,000,561
Issuance of shares	2,112,864	1,199,218

Reserve (Details)

Reserve (Details) - USD ($)	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Classes Of Reserve Explanatory [Abstract]
Statutory surplus reserve, description	Appropriations to such reserve are made out of net profit after tax of the statutory financial statements of the PRC subsidiaries at the amounts determined by their respective boards of directors annually up to 50% of authorized capital, but must not be less than 10% of the net profit after tax.
Statutory surplus reserve	$ 6,084,836	$ 6,084,836

Risk Management and Fair Valu_3

Risk Management and Fair Values (Details) - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2020	Dec. 31, 2019
Disclosure Of Risk Management And Fair Values [Abstract]
Average appreciation (depreciation) foreign currency, description	An average appreciation (depreciation) of the RMB against the U.S. dollar of 5%
Increase (decrease) comprehensive income		$ 3
Accumulated other comprehensive loss	$ (3.5)
Description of concentrations risk	the outstanding balance of the five largest customers represented approximately 41% of the trade receivables of the Group at December 31, 2020 (2019: 38%)

Risk Management and Fair Valu_4

Risk Management and Fair Values (Details) - Schedule of capital risk - USD ($)	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018	Dec. 31, 2017
Schedule of capital risk [Abstract]
Total borrowing	$ 1,148,959	$ 1,075,084
Less: cash and cash equivalents	(16,621,290)	(20,620,478)	$ (21,026,103)	$ (26,050,456)
Net debt	(15,472,331)	(19,545,394)
Total equity	54,531,662	55,053,098
Total capital	$ 39,059,331	$ 35,507,704
Gearing ratio	(28.00%)	(36.00%)

Risk Management and Fair Valu_5

Risk Management and Fair Values (Details) - Schedule of liquidity risk - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Risk Management and Fair Values (Details) - Schedule of liquidity risk [Line Items]
Short-term bank loans and related interests	$ 1,148,959	$ 1,075,084
Trade and other payables	5,356,542	4,578,419
Related parties payables	1,132,811	560,165
Total	7,638,312	6,213,668
Within 1 year [Member]
Risk Management and Fair Values (Details) - Schedule of liquidity risk [Line Items]
Short-term bank loans and related interests	1,148,959	1,075,084
Trade and other payables	5,356,542	4,578,419
Related parties payables	1,132,811	560,165
Total	7,638,312	6,213,668
Over 1 year [Member]
Risk Management and Fair Values (Details) - Schedule of liquidity risk [Line Items]
Short-term bank loans and related interests
Trade and other payables
Related parties payables
Total

Commitments and Contingencies_2

Commitments and Contingencies (Details)	12 Months Ended
	Dec. 31, 2020
Disclosure of commitments and contingent liabilities [text block] [Abstract]
Description of leases	The amount of $85,549 as of December 31, 2020 represents leases of one office and one warehouse. There is no contingent rent payable for all of the leases. All leases are within one year except for one of the offices, which is leased by a related party as disclosed in note 30.
Description of leases period	The Company has prepaid this lease in the full amount. The lease commenced on January 1, 2009 and will expire on April 22, 2052.

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of capital commitments	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)	Dec. 31, 2019USD ($)	Dec. 31, 2019CNY (¥)
Schedule of capital commitments [Abstract]
Contracted and authorized	$ 67,535,985	¥ 440,851,273	$ 63,193,611	¥ 440,851,273

Commitments and Contingencies_4

Commitments and Contingencies (Details) - Schedule of lease commitments - USD ($)	Dec. 31, 2020	Dec. 31, 2019
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	$ 2,424,955	$ 2,341,202
Office [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	2,416,529	2,333,318
Within 1 year [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	85,549	80,049
Within 1 year [Member] | Office [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	77,123	72,164
2-5 years [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	231,370	216,493
Thereafter [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	2,108,036	2,044,660
Thereafter [Member] | Office [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	2,108,036	2,044,660
2-5 years [Member] | Office [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	$ 231,370	$ 216,493

Events After the Balance Sheet

Events After the Balance Sheet (Details) - Events After The Reporting Period [Member] - USD ($)	Mar. 12, 2021	Feb. 26, 2021	Jan. 24, 2021
Events After the Balance Sheet (Details) [Line Items]
Binding Memorandum of Understanding, description		the Board of Directors approved a Binding Memorandum of Understanding regarding an exempt private offering of convertible preferred stock in the amount of up to $1,500,000 to a single investor. Under the MOU, the investor will purchase up to 100,000 shares of convertible preferred stock at a price of $15 per share. Each share of preferred stock will be convertible to shares of our common stock at a ratio of 15 shares of common stock for each share of preferred stock. All shares of common stock issuable upon conversion of the preferred stock will be subject to a two-year lock-up agreement running from the initial closing of the financing. Conversions will be limited such that the investor may not affect a conversion of the preferred stock to the extent that, immediately after such conversion, the investor would be the beneficial owner of more than 9.99% of our issued and outstanding common stock.
Dividend distribution, description	the Company announced the authorization and declaration of a dividend distribution of one right for each outstanding share of common stock, par value $0.0001 per share, of the Company to stockholders of record as of the close of business on March 31, 2021. Each Right entitles the registered holder to purchase from the Company one 0.00667 portion of a share of Series B Participating Preferred Stock, par value $0.0001 per share, of the Company at an exercise price of $50.00.
Mr.Yan [Member]
Events After the Balance Sheet (Details) [Line Items]
Outstanding debts			$ 809,552
Shares issued in exchange of debt			674,626
Conversion price per share			$ 1.20