JX Luxventure Limited (JXG) 20-F 13 May 22 2021 FY Annual report (foreign) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2021shares
Document Information Line Items
Entity Registrant Name	JX Luxventure Ltd
Trading Symbol	LLL
Document Type	20-F
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	5,899,893
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, 2021
Document Fiscal Year Focus	2021
Document Fiscal Period Focus	FY
Entity Emerging Growth Company	false
Entity Shell Company	false
ICFR Auditor Attestation Flag	false
Document Registration Statement	false
Document Annual Report	true
Document Transition Report	false
Document Shell Company Report	false
Entity File Number	001-35715
Entity Incorporation, State or Country Code	1T
Entity Address, Address Line One	Bin Hai Da Dao No. 270
Entity Address, Address Line Two	Lang Qin Wan Guo Ji Du Jia Cun Zong He Lou
Entity Address, Address Line Three	Xiu Ying District
Entity Address, City or Town	Haikou City
Entity Address, Postal Zip Code	570100
Entity Address, Country	CN
Title of 12(b) Security	Common Stock, $0.0001 par value
Security Exchange Name	NASDAQ
Entity Interactive Data Current	Yes
Document Accounting Standard	International Financial Reporting Standards
Auditor Name	WWC, P.C
Auditor Firm ID	1171
Auditor Location	San Mateo, California
Business Contact [Member]
Document Information Line Items
Entity Address, Address Line One	Bin Hai Da Dao No. 270
Entity Address, Address Line Two	Lang Qin Wan Guo Ji Du Jia Cun Zong He Lou
Entity Address, Address Line Three	Xiu Ying District
Entity Address, City or Town	Haikou City
Entity Address, Postal Zip Code	570100
Entity Address, Country	CN
Contact Personnel Name	Ms. Sun Lei
City Area Code	(86)
Local Phone Number	595 8889 6198
Contact Personnel Fax Number	(86) 595 8850 5328

Consolidated Statements of Comp

Consolidated Statements of Comprehensive Loss - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Profit or loss [abstract]
Revenue	$ 59,001,641	$ 10,876,149	$ 16,465,562
Cost of sales	(57,421,814)	(8,377,731)	(10,714,519)
Gross profit	1,579,827	2,498,418	5,751,043
Other income	406,493	418,638	291,582
Other losses	(9,108,459)	(2,380,594)	(1,064,588)
Distribution and selling expenses	(3,399,328)	(4,258,504)	(1,094,391)
Administrative expenses	(9,166,191)	(3,439,816)	(3,478,258)
(Loss)/profit from operations	(19,687,658)	(7,161,858)	405,388
Finance costs	(58,726)	(62,383)	(67,203)
(Loss)/profit before tax	(19,746,384)	(7,224,241)	338,185
Income tax income/(expense)	(17,469,099)	1,556,824	(442,590)
Loss for the year	(37,215,483)	(5,667,417)	(104,405)
Other comprehensive loss
- currency translation differences	1,438,756	3,641,747	(951,780)
Total comprehensive loss for the year	$ (35,776,727)	$ (2,025,670)	$ (1,056,185)
Loss per share of common stock attributable to the Company
- Basic (in Dollars per share)	$ (8.23)	$ (2.09)	$ 0
- Diluted (in Dollars per share)	$ (8.23)	$ (2.09)	$ 0
Weighted average shares outstanding:
- Basic (in Shares)	4,524,345	2,712,528	2,517,491
- Diluted (in Shares)	4,524,345	2,712,528	2,517,491

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Non-current assets
Property, plant and equipment-net	$ 3,798,612	$ 2,837,609
Investment property-net	7,364,527	8,274,195
Prepayments and premiums under operating leases	2,324,695	2,339,406
Land use rights	380,091	604,970
Deferred tax assets		16,960,839
Non-current assets	13,867,925	31,017,019
Current assets
Inventories	1,163,896	1,854,998
Trade receivables	7,736,851	11,352,617
Other receivables and prepayments	2,328,122	1,549,001
Prepayments and premiums under operating leases	82,714	80,494
Cash and cash equivalents	12,914,914	16,621,290
Current assets	24,226,497	31,458,400
Total assets	38,094,422	62,475,419
Current liabilities
Short term bank loans	1,180,656	1,148,959
Trade and other payables	5,355,123	5,356,542
Due to related parties	467,568	1,132,811
Contract liabilities	218,733	257,529
Income tax payable		47,916
Current liabilities	7,222,082	7,943,757
Total liabilities	7,222,082	7,943,757
Equity
Share capital	590	341
Series A equity interest with preferential rights	1,240,000
Series C equity interest with preferential rights	1,500,000
Series D equity interest with preferential rights	3,120,000
Share premium	24,719,794	11,312,643
Revaluation reserve	184,272	184,272
Statutory surplus reserve	6,084,836	6,084,836
Retained profits / accumulated deficit	(3,959,086)	40,406,391
Foreign currency translation reserve	(2,018,065)	(3,456,821)
Total equity	30,872,341	54,531,662
Total liabilities and equity	$ 38,094,423	$ 62,475,419

Consolidated Statements of Chan

Consolidated Statements of Changes in Equity - USD ($)	Share capital	Share premium	Revaluation reserve	Statutory surplus reserve	Retained earnings	Foreign currency translation reserve	Preferred C equity interest	Preferred D equity interest	Preferred A equity interest	Total
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
Shares issued for stock based compensation	130	4,407,724								4,407,854
Shares issued for shareholders’ loan	67	809,485								809,552
Preferred shares issued							1,500,000	3,900,000	1,500,000	6,900,000
Preferred shares converted into common stock	52	1,039,948						(780,000)	(260,000)
Declared dividend of right		7,149,994			(7,149,994)
Loss for the year					(37,215,481)					(37,215,481)
Other comprehensive loss for the year						1,438,756				1,438,756
Balance at Dec. 31, 2021	$ 590	$ 24,719,794	$ 184,272	$ 6,084,836	$ (3,959,086)	$ (2,018,065)	$ 1,500,000	$ 3,120,000	$ 1,240,000	$ 30,872,341

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
OPERATING ACTIVITIES
Loss for the year	$ (37,215,483)	$ (5,667,417)	$ (104,405)
Adjustments for:
Share-based compensation	4,407,853	700,250	1,199,250
Finance cost	58,726	62,383	67,203
Interest income	(33,717)	(54,544)	(62,538)
Depreciation of property, plant and equipment & investment property	757,516	771,130	671,262
Amortization of intangible assets	14,958	13,980	13,992
Amortization of prepayments and premiums paid under operating leases	81,474	94,699	96,743
Provision/ (reversal) of inventory obsolescence	1,283	(42,884)	(145,747)
Bad debt provision of trade receivables	6,076,620	2,334,410	1,028,972
Loss/(gain) on disposal of property, plant and equipment	97,378	45,807	(2,093)
Provision of impairment loss in property, plant and equipment & investment property	2,944,979
Gain on disposal of subsidiary	(30,642)
Operating cash flows before movements in working capital	(22,839,055)	(1,742,186)	2,762,639
(Increase)/ decrease in trade and other receivables	(3,284,084)	(2,492,940)	(3,554,014)
(Increase)/ decrease in inventories	547,593	(267,472)	(219,210)
Prepayments and premiums paid under operating leases	(3,411)	210,901	709,146
Increase/ (decrease) in trade and other payables	515,003	(579,948)	(641,494)
Increase/ (decrease) in income tax payable	(175,469)	(92,321)	259,855
(Increase)/ decrease in deferred tax assets	17,463,604	(1,556,824)	124,274
NET CASH USED IN OPERATING ACTIVITIES	(7,775,819)	(6,520,790)	(558,804)
INVESTING ACTIVITIES
Interest received	33,717	54,544	62,538
Cash from acquisition of subsidiaries		561,424
Cash from disposal of a subsidiary	6,612
Proceeds on disposal of property, plant and equipment	5,400	15,704	269,975
Purchase of property, plant and equipment	(3,324,900)	(24,198)
NET CASH FROM INVESTING ACTIVITIES	(3,279,171)	607,474	332,513
FINANCING ACTIVITIES
Interest paid	(58,726)	(62,383)	(67,203)
New bank loans raised		2,173,882	1,087,839
Repayment of borrowings		(2,173,882)	(1,087,839)
Advance from related party	117,697	909,237	124,292
Preferred stock subscription	6,900,000
NET CASH FROM FINANCING ACTIVITIES	6,958,971	846,854	57,089
NET DECREASE IN CASH AND CASH EQUIVALENTS	(4,096,019)	(5,066,462)	(169,202)
Effects of currency translation	389,643	1,067,274	(236,423)
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	16,621,290	20,620,478	21,026,103
CASH AND CASH EQUIVALENTS AT END OF YEAR	$ 12,914,914	$ 16,621,290	$ 20,620,478

General Information

General Information	12 Months Ended
	Dec. 31, 2021
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. 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 (Hainan) Holding Co., Ltd (“JX Hainan”) was incorporated in November 11, 2021. It has a registered capital of USD30,000,000. It is 100% owned by Flower Crow HK. Its business scope range from import & export to manufacturing. Jin Xuan Luxury Tourism (Hainan) Digital Technology Co., Ltd. (“Jin Xuan Luxury Tourism”) was incorporated in the PRC on August 4, 2016. It is 100% owned by JX Hainan . 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. 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, 2021
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 Effective December 13, 2021, the Company reorganized its corporate subsidiary structure in the PRC under Flower Crown Holding. As a result of the Flower Crown Holding’s China subsidiaries restructuring, the Company no longer operated those entities through a VIE structure and became the indirect sole shareholder of JX Hainan Digital and Beijing Heyang. As part of the restructuring, due to the restriction of foreign ownership by the relevant laws and regulations of the People’s Republic of China, namely Provisions on Administration of Foreign Invested Telecommunications Enterprise, the Company divested Flower Crown (Hainan) Cross-Border E-Commerce Co., Ltd. under a Shares Transfer Agreement with a third party. The Group structure as at the reporting date is as follows:

Application of New and Revised

Application of New and Revised International Financial Reporting Standards (“IFRS”)	12 Months Ended
	Dec. 31, 2021
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, 2021 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, 2021 in the preparation of the consolidated financial statements throughout the year. For the year ended December 31, 2021, the following new and revised standards, amendments or interpretations that have become effective during the reporting period. ● Interest Rate Benchmark Reform – Phase 2 ● COVID-19-Related Rent Concessions beyond 30 June 2021 (Amendment to IFRS 16) 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, 2021, 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. ● Onerous Contracts – Cost of Fulfilling a Contract (Amendments to IAS 37) ● Annual Improvements to IFRS Standards 2018–2020 ● Property, Plant and Equipment: Proceeds before Intended Use (Amendments to IAS 16) ● Reference to the Conceptual Framework (Amendments to IFRS 3) ● Classification of Liabilities as Current or Non-current (Amendments to IAS 1) ● IFRS 17 Insurance contracts and amendments to IFRS 17 Insurance Contracts ● Disclosure of Accounting Policies (Amendments to IAS 1 and IFRS Practice Statement 2) ● Definition of Accounting Estimates (Amendments to IAS 8) ● Deferred Tax related to Assets and Liabilities arising from a Single Transaction (Amendments to IAS 12)

Signifcant Accounting Policies

Signifcant Accounting Policies	12 Months Ended
	Dec. 31, 2021
Disclosure of significant accounting policies [text block] [Abstract]
SIGNIFCANT ACCOUNTING POLICIES	4. SIGNIFCANT 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. 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, 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 December 31, 2021 USD 1.00= RMB 6.3524 USD 1.00=RMB 6.4491 Translation from HKD to USD found place at the following rates: Period end rates Average rates 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 December 31, 2021 USD 1.00= HKD 7.7991 USD 1.00=HKD 7.7731 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. The Company presents revenues from such transactions on a gross basis in the consolidated statements of comprehensive loss, as the Company acts as a principal to take inventory risks of these 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. The Company presents revenues from such transactions on a gross basis in the consolidated statements of comprehensive loss, as the Company acts as a principal to provide a package of tourism services and take a full obligation to provide such services even if the suppliers are not able to deliver service. Revenue from reselling of air-ticket The Company is a reseller of air-ticket, it provides value add services to its customers including guaranteed flight replacement and other financial benefits. The revenue is recognized when performance obligation has been satisfied, which could be significantly after the ticket sale. The Company recognizes gross revenue with an expense from the cost of purchasing from the supplier. 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% and 6% of product sales and taxable services revenue, respectively, 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 VAT rate in effect for product sales April 1, 2019 - Current 13 % May 1, 2018 – March 31, 2019 16 % 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

Significant Management Judgemen

Significant Management Judgement in Applying Accounting Policies	12 Months Ended
	Dec. 31, 2021
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, 2021 and 2020 amounted to zero and $47,916 respectively.

Key Sources of Estimation Uncer

Key Sources of Estimation Uncertainty	12 Months Ended
	Dec. 31, 2021
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, 2021, 2020, and 2019, the Company recognized impairment losses of $ nil nil nil nil nil nil During the years ended December 31, 2021, 2020, and 2019, the Company recognized impairment losses of $ nil nil nil 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. During the year ended December 31, 2021, the Company recognized impairment loss of $2,673,131 and $48,859 for Investment property and property, plants and buildings, respectively. The Company further recognized impairment loss of $ 222,989 for the two land use rights which the two properties were built on. 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 two pieces of properties and land use rights has brought the carrying values to their respective recoverable amount in its fair value less costs to sell.

Segment Reporting

Segment Reporting	12 Months Ended
	Dec. 31, 2021
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. Wholesale Retail Subcontracting For the year ended For the year ended For the year ended By business 2021 2020 2019 2021 2020 2019 2021 2020 2019 Sales to external customers 4,593,325 8,366,144 10,308,309 367,367 446,834 571,403 - 727,797 5,585,850 Segment revenue 4,593,325 8,366,144 10,308,309 367,367 446,834 571,403 - 727,797 5,585,850 Segment gross margins/(loss) 680,241 2,053,266 3,268,945 74,701 175,632 319,706 - 102,955 2,162,393 Reconciling items - - - - - - - - - Profit/(loss) before tax - - - - - - - - - Income tax income/(expense) - - - - - - - - - Profit/(loss) for the year - - - - - - - - - Travel service Cross-board business Consolidated For the year ended For the year ended For the year ended By business 2021 2020 2019 2021 2020 2019 2021 2020 2019 Sales to external customers 51,818,166 991,929 - 2,222,782 343,445 - 59,001,641 10,876,149 16,465,562 Segment revenue 51,818,166 991,929 - 2,222,782 343,445 - 59,001,641 10,876,149 16,465,562 Segment gross margins/(loss) 541,889 96,577 - 305,822 69,988 - 1,579,827 2,498,418 5,751,043 Reconciling items - - - - - - (21,326,211 ) (9,722,659 ) (5,412,858 ) Profit/(loss) before tax - - - - - - (19,746,384 ) (7,224,241 ) 338,185 Income tax income/(expense) - - - - - - (17,469,099 ) 1,556,824 (442,590 ) Profit/(loss) for the year - - - - - - (37,215,483 ) (5,667,417 ) (104,405 ) As of December 31, 2021 Wholesale and Retail Subcontracting Travel service cross-board Unallocated Consolidated Current assets 18,640,119 2,610,448 450,129 2,809,431 (283,630 ) 24,226,497 Non-current assets 2,410,407 8,111,375 674 3,345,469 - 13,867,925 Total assets 21,050,526 10,721,823 450,803 6,154,900 (283,630 ) 38,094,422 Current liabilities 3,384,019 1,481,508 303,749 424,534 1,628,272 7,222,082 Total liabilities 3,384,019 1,481,508 303,749 424,534 1,628,272 7,222,082 As of December 31, 2020 Wholesale and Retail Subcontracting Travel service cross-board 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 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 revenue are as below: Year ended December 31, 2021 2020 2019 Customer A 41,767,780 - - Customer B 9,439,831 - - Total revenue 59,001,641 8,812,979 10,308,309 Information about major suppliers Major suppliers that make up 10% or more of purchases are as below: Year ended December 31, 2021 2020 2019 Supplier A - 354,710 1,270,597 Supplier B - 483,879 2,325,926 Supplier C - - 504,779 Supplier D 465,031 1,232,219 1,212,778 Supplier E 593,800 1,215,155 869,365 Supplier F - - 1,222,864 Supplier G 650,093 1,239,805 - Supplier H 9,586,155 - - Supplier I 15,551,014 - - Other suppliers 30,071,756 4,862,755 62,948 56,917,850 9,388,523 7,469,257

Revenue

Revenue	12 Months Ended
	Dec. 31, 2021
Disclosure of revenue [text block] [Abstract]
REVENUE	8. REVENUE Year ended December 31, 2021 2020 2019 Apparel - Wholesale 1,025,644 8,366,144 10,308,309 - Retail 3,935,049 446,835 571,403 4,960,693 8,812,979 10,879,712 Subcontracting - 727,797 5,585,850 4,960,693 9,530,776 16,465,562 Travel service 51,818,166 991,929 - Cross-board products 2,222,782 343,444 - Total 59,001,641 10,876,149 16,465,562 Revenue is denominated only in USD.

Cost of Revenue

Cost of Revenue	12 Months Ended
	Dec. 31, 2021
Disclosure of cost of sales [text block] [Abstract]
COST OF REVENUE	9. COST OF REVENUE Cost of revenue for our cross-board business comprise the cost of products purchased and surcharges on purchase cost. Cost of revenue for our travel services comprise the cost of air-tickets brought from airline or the cost of services provided from local travel firms or persons. Cost of sales for our retail and wholesale of garment business 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 of all business for the periods presented for each category: Year ended December 31, 2021 2020 2019 Changes in inventories of finished goods and work in progress 83,112 114,905 76,800 Materials consumed in production 1,559,520 2,343,747 43,443 Purchases of finished goods 3,163,622 2,755,152 7,053,841 Labor - 460,394 2,887,199 Depreciation - 32,405 142,278 Rental - - - Outsourced manufacturing cost 1,299,947 1,751,272 - Outsourced service cost 51,276,130 848,362 - Taxes and surcharges * 32,488 22,202 130,728 Water and electricity - 30,528 63,969 Inventory provision (14,016 ) (42,884 ) 42,919 Others - 681 237,561 Foreign currency translation difference 21,011 60,967 35,781 57,421,814 8,377,731 10,714,519 * 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, 2021
Other Income [Abstract]
OTHER INCOME	10. OTHER INCOME Year ended December 31, 2021 2020 2019 Government grant - - 6,179 Interest income on bank deposits 33,717 54,544 62,538 Other 372,776 364,094 222,865 406,493 418,638 291,582

Other Losses

Other Losses	12 Months Ended
	Dec. 31, 2021
Other Gains and (Losses) [Abstract]
OTHER LOSSES	11. OTHER LOSSES Year ended December 31, 2021 2020 2019 Gain/(Loss) on disposals of property, plant and equipment (97,378 ) (46,184 ) 2,124 Foreign exchange gain - - 13 Gain/(loss) on disposal of a subsidiary 30,641 - - Bad debt provision of trade receivables (5,224,219 ) (2,334,410 ) (1,028,972 ) Impairment of long-lived assets (3,812,679 ) - - Others (4,824 ) - (37,753 ) (9,108,459 ) (2,380,594 ) (1,064,588 )

Distribution and Selling Expens

Distribution and Selling Expenses	12 Months Ended
	Dec. 31, 2021
Distribution and Selling Expenses [Abstract]
DISTRIBUTION AND SELLING EXPENSES	12. DISTRIBUTION AND SELLING EXPENSES Year ended December 31, 2021 2020 2019 Rental 23,259 9,565 9,573 Outsourced service fee 1,212,402 - - Labor 186,757 160,314 170,771 Subsidy to distributors 485,649 453,906 477,779 Promotion - - - Advertisement 1,292,256 1,174,552 287,354 Covid financial aid to distributors - 2,172,432 - Others 199,005 287,735 148,914 3,399,328 4,258,504 1,094,391

Administrative Expense

Administrative Expense	12 Months Ended
	Dec. 31, 2021
Disclosure of general and administrative expense [text block] [Abstract]
ADMINISTRATIVE EXPENSE	13. ADMINISTRATIVE EXPENSE Year ended December 31, 2021 2020 2019 Labor 3,845,738 1,509,917 1,690,420 Audit fee 200,000 114,400 138,870 Professional and other service fee 2,666,804 16,201 18,517 Design fee 438,850 410,166 372,192 Depreciation and amortization charges 766,480 738,725 685,253 Decoration 155,665 - - Rental 143,787 72,960 73,021 Travelling and entertainment 213,113 76,093 17,439 Others 735,754 501,353 482,546 9,166,191 3,439,815 3,478,258

Finance Costs

Finance Costs	12 Months Ended
	Dec. 31, 2021
Disclosure of finance cost [text block] [Abstract]
FINANCE COSTS	14. FINANCE COSTS Year ended December 31, 2021 2020 2019 Interest expenses on bank borrowings wholly repayable within one year 58,726 62,383 67,203

Income Tax (Income)_ Expense

Income Tax (Income)/ Expense	12 Months Ended
	Dec. 31, 2021
Disclosure of income tax [text block] [Abstract]
INCOME TAX (INCOME)/ EXPENSE	15. INCOME TAX (INCOME)/ EXPENSE Year ended December 31, 2021 2020 2019 PRC enterprises income tax: Current tax 5,495 47,916 256,808 Deferred tax 17,463,604 (1,614,740 ) 185,787 17,469,099 (1,556,824 ) 442,595 Hongri Fujian, Anhui Kai Xin, Kim Hyun Tianjin, Jin Xuan Luxury Tourism, Flower Crown China and Heyang Travel are located in PRC and subject to the applicable enterprise income tax rate of 25%. As of December 31, 2021, 2020, and 2019, 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 Company can be divided into non-PRC entities and PRC entities. As for the non-PRC entities, all the entities are expense center and not subject to any tax and also no deferred tax assets are considered. The loss for the non-PRC for the year ended December 31, 2021 is $4,639,158. The tax charge for PRC entities for the year can be reconciled to the profit per the consolidated statements of comprehensive income as follows: Year ended December 31, 2021 2020 2019 (Loss)/profit before tax in PRC (15,107,226 ) (7,224,241 ) 338,185 Tax calculated at domestic tax rates applicable to profits in PRC (2021, 2020, and 2019: 25%) (3,776,807 ) (1,806,060 ) 84,546 Valuation allowance on deferred tax assets 21,245,906 249,236 358,049 Tax charge for the year 17,469,099 (1,556,824 ) 442,595 The following is the analysis of the deferred tax balances for financial reporting purposes: 2021 2020 2019 Temporary difference Deferred tax assets Temporary difference Deferred tax assets Temporary difference Deferred tax assets Beginning of the year 63,509,644 16,960,839 59,616,758 14,330,463 60,645,730 14,688,829 Bad Debt provisions charged to profit or loss 6,064,120 1,516,030 (2,334,410 ) 583,603 (1,028,972 ) 257,243 Inventory provision charged to profit or loss 1,283 321 - - - - Impairment charged to profit or loss 2,944,979 736,245 - - - - Tax loss carried forward 6,102,339 1,529,706 6,227,296 1,556,824 - - Allowance (21,245,906 ) - - - - Effect of translation - 502,765 - 489,949 - (615,609 ) End of the year 78,622,365 - 63,509,644 16,960,839 59,616,758 14,330,463

(Loss)_Profit for the Year

(Loss)/Profit for the Year	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 2019 Cost of inventories recognized as expenses 57,389,326 8,355,528 10,583,791 Taxes and surcharges 32,488 22,202 130,728 57,421,814 8,377,730 10,714,519 Depreciation of property, plant and equipment 757,516 771,130 671,262 Amortization of land use rights and trademarks 14,958 13,980 13,992 Amortization of prepayments and premiums under operating leases 81,474 94,699 96,743 Provision (Reversal) of inventory obsolescence 1,283 (42,884 ) (145,747 Provision of bad debt allowance 6,076,620 2,334,410 1,028,972 Provision of impairment loss in property 2,944,979 - - 9,876,830 3,171,335 1,665,222

Employees' Emoluments

Employees' Emoluments	12 Months Ended
	Dec. 31, 2021
Disclosure of employee benefits [text block] [Abstract]
EMPLOYEES' EMOLUMENTS	17. EMPLOYEES’ EMOLUMENTS Year ended December 31, 2021 2020 2019 Salaries and other short-term benefits 1,202,852 1,741,293 2,086,041 Defined contribution benefit schemes 123,287 95,978 290,414 Total employee benefits expense (including directors’ emoluments) 1,326,139 1,837,271 2,376,455 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, 2021
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, 2021 2020 2019 Salaries Yan Keyan 597,669 306,466 389,826 Sun Lei 772,000 - - Li Huidan 772,000 - - Lixia Tu - 237,880 232,144 John Sano - 10,350 18,600 Themis Kalapotharakos - 82,800 148,800 Matthew Los - 82,800 148,800 Zhongmin Zhang - 10,350 18,600 Yuet Mei Chan - 10,350 18,600 2,141,669 740,996 975,370 Social Welfare Yan Keyan 1,242 432 1,055 1,242 432 1,055

Loss Per Share

Loss Per Share	12 Months Ended
	Dec. 31, 2021
Disclosure of earnings per share [text block] [Abstract]
LOSS PER SHARE	19. LOSS PER SHARE For the years ended December 31, 2021 2020 2019 Basic Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (37,215,483 ) $ (5,667,417 ) $ (104,405 ) Diluted Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (37,215,483 ) $ (5,667,417 ) $ (104,405 ) Basic Loss Per Share Denominator Original shares: 3,408,646 2,591,299 2,271,299 Additions from actual events: - Issuance of common stock, weighted 1,115,699 121,229 246,192 Basic weighted average shares outstanding 4,524,345 2,712,528 2,517,491 Diluted Loss Per Share Denominator Basic weighted average shares outstanding 4,524,345 2,712,528 2,517,491 Dilutive shares: Potential additions from dilutive events: - Exercise of investor warrants* Diluted Weighted Average Shares Outstanding: 4,524,345 2,712,528 2,517,491 Loss Per Share - Basic $ (8.23 ) $ (2.09 ) $ (0.00 ) - Diluted $ (8.23 ) $ (2.09 ) $ (0.00 ) Weighted Average Shares Outstanding - Basic 4,524,345 2,712,528 2,517,491 - Diluted 4,524,345 2,712,528 2,517,491 * There were no potential dilutive additions to diluted weighted shares outstanding as a result of the loss during the periods presented.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2021
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 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 9,172 5,551 10,397 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 Additions 2,311,212 11,332 999,829 2,526 3,324,899 Disposals (45,876 ) (20,638 ) (34,211 ) (1,591 ) (907,602 ) (272,306 ) (1,282,224 ) Reclassification to investment property (5,487,395 ) - - - - - - (5,487,395 ) Translation adjustment 150,063 552 3,642 15,632 4,455 10,922 3,277 188,543 At December 31, 2021 4,165,873 - 131,486 1,015,050 166,369 - - 5,478,778 DEPRECIATION AND IMPAIRMENT 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 (765,139 ) (36,477 ) (7,505 ) (4,668 ) (9,740 ) (49,572 ) (17,298 ) (890,399 ) At December 31, 2020 (4,459,340 ) (45,324 ) (135,065 ) (30,609 ) (159,973 ) (798,006 ) (269,029 ) (5,897,346 ) Provided for the year (186,439 ) - (773 ) (20,856 ) (57 ) (9,118 ) - (217,243 ) Eliminated upon disposal of assets - 45,876 18,171 30,982 1,263 816,842 272,305 1,185,439 Depreciation reclassified to investment property 1,602,628 - - - - - - 1,602,628 Impairment reclassified to investment property 1,792,237 - - - - - - 1,792,237 Impairment (48,859 ) - - - - - - (48,859 ) Translation adjustment (74,928 ) (552 ) (3,462 ) (691 ) (4,395 ) (9,718 ) (3,276 ) (97,022 ) At December 31, 2021 (1,374,701 ) - (121,129 ) (21,174 ) (163,162 ) - - (1,680,166 ) CARRYING AMOUNT At December 31, 2020 2,732,653 - 2,086 3,191 1,006 98,675 - 2,837,609 At December 31, 2021 2,791,172 - 10,357 993,876 3,207 - - 3,798,612 Impairment loss charged for the years ended December 31, 2021, 2020, and 2019 were $48,859, $ nil nil 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 and building include buildings owned by the Company are set out below: 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 8-101 Bojingwan Beiyuan, Hexi District, Tianjing, the PRC Office 242 The first two buildings were pledged as security for the outstanding bank loans as set forth in note 30. Investment Properties As at December 31, 2021, fair value approximated carry amounts, being the initial cost to acquire these investment properties. COST 2021 2020 Opening balance at 1 January 24,118,655 12,291,058 Acquisitions - - Capitalized subsequent expenditure - - Classified as held for sale or disposals - - Transfer (to)/from inventories and owner-occupied property 5,487,395 10,983,012 Translation adjustment 748,918 (844,585 ) Closing balance at 31 December 30,354,968 24,118,655 DEPRECIATION AND IMPAIRMENT 2021 2020 Opening balance at 1 January (15,844,460 ) (7,191,880 ) Provided for the year (540,273 ) (400,328 ) Eliminated upon disposal of assets - - Impairment for the year (2,673,131 ) - Transfer to/(from) inventories and owner-occupied property (3,394,864 ) (7,758,060 ) Translation adjustment (537,712 ) (494,192 ) Closing balance at 31 December (22,990,440 ) (15,844,460 ) CARRYING AMOUNT 2021 2020 Closing balance at 31 December 7,364,527 8,274,195

Prepayments and Premiums Under

Prepayments and Premiums Under Operating Leases	12 Months Ended
	Dec. 31, 2021
Disclosure of lease prepayments [text block] [Abstract]
PREPAYMENTS AND PREMIUMS UNDER OPERATING LEASES	21. PREPAYMENTS AND PREMIUMS UNDER OPERATING LEASES Amount At January 1, 2020 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 additions for the year 3,411 charge for the year (81,474 ) translation adjustment 65,572 At December 31, 2021 2,407,409 Analyzed for reporting purposes as: As at December 31, 2021 2020 Current asset 82,714 80,494 Non-current asset 2,324,695 2,339,406 2,407,409 2,419,900

Prepayment for Construction of

Prepayment for Construction of New Plant	12 Months Ended
	Dec. 31, 2021
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, 2021, 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, 2021
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, 2021, 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, 2021
Disclosure of quantitative information about leases for lessee [abstract]
LAND USE RIGHTS	24. LAND USE RIGHTS Amount COST At January 1, 2020 687,732 additions for the year - translation adjustment 47,258 At December 31, 2020 734,990 additions for the year - translation adjustment 20,277 At December 31, 2021 755,267 AMORTIZATION At January 1, 2020 (107,832 ) charge for the year (13,980 ) translation adjustment (8,208 ) At December 31, 2020 (130,020 ) charge for the year (14,958 ) Impairment (222,989 ) translation adjustment (7,209 ) At December 31, 2021 (375,176 ) CARRYING AMOUNTS At December 31, 2020 604,970 At December 31, 2021 380,091 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, 2021
Disclosure of inventories [text block] [Abstract]
INVENTORIES	25. INVENTORIES As at December 31, 2021 2020 Raw materials 773,180 1,247,087 Finished goods 392,018 607,911 Provision for obsolete inventories (1,302 ) - 1,163,896 1,854,998

Trade Receivables, Other Receiv

Trade Receivables, Other Receivables and Prepayments	12 Months Ended
	Dec. 31, 2021
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, 2021 2020 Trade receivables 18,952,763 16,276,263 Bad debt provision for trade receivables (11,215,912 ) (4,923,646 ) 7,736,851 11,352,617 As at December 31, 2021 2020 Other receivables 344,437 124,684 Prepayments 1,983,685 1,424,317 2,328,122 1,549,001 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, prepaid expenses 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, 2021 2020 Current 2,629,433 5,223,618 Past due for less than 4 months 1,411,252 3,852,158 Past due for more than 4 months 14,912,078 7,200,487 18,952,763 16,276,263 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 $11,215,912 and $4,923,646 as of December 31, 2021 and 2020, 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: 2021 2020 As at January 1 4,923,646 2,299,558 Provision provided in the year 6,076,620 2,334,410 Translation adjustment 215,646 289,678 As at December 31 11,215,912 4,923,646 Among the amounts of trade receivables, $2,180,406 and $1,874,193 of output VAT was included as of December 31, 2021 and 2020, respectively.

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2021
Disclosure of cash and cash equivalents [text block] [Abstract]
CASH AND CASH EQUIVALENTS	27. CASH AND CASH EQUIVALENTS  As at December 31, 2021 2020 Cash on hand 9,470 6,603 Bank deposits 12,905,444 16,590,797 Other monetary funds - 23,890 12,914,914 16,621,290 As at December 31, 2020 2020 Renminbi 12,914,834 16,620,458 Hong Kong Dollars 80 12 United States Dollars - 820 12,914,914 16,621,290 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, 2021 carry interest at market rates which ranged from 0.30% to 0.40% (2020: 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, 2021
Disclosure of trade and other payables [text block] [Abstract]
TRADE AND OTHER PAYABLES	28. TRADE AND OTHER PAYABLES As at December 31, 2021 2020 Trade payables 297,033 276,719 Employee benefits payable 148,232 149,358 Accrual and other payables 1,811,262 1,816,095 Subtotal financial liabilities 2,256,527 2,242,172 Other taxes payable 3,098,596 3,114,370 5,355,123 5,356,542 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, 2021 2020 Current 294,938 275,569 Past due for less than 4 months 2,046 1,103 Past due for over 4 months 49 47 297,033 276,719 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, 2021
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 Sun, Lei Chief Executive Officer Li Huidan Co-chairman of the Board of Directors (2) Significant balances between the Group and the above related parties: As at December 31, Name Nature 2021 2020 Yan, Keyan Borrowing of funds 36,697 826,422 Sun, Lei Borrowing of funds 430,871 306,389 467,568 1,132,811 Related parties payables were unsecured, non-interest bearing and repayment on demand. (3) Significant related parties transactions between the Group and the above related parties: During 2021, Mr. Yan and Ms. Chen provided personal guarantees for the loans as set forth in Note 30. During 2021, the Company issued 674,626 shares to Mr. Yan to repurchase his loan to the Company, with value of $809,551. During 2021, the Company issued 550,000 shares to 3 Directors for their compensation as below: Name Shares issued Value Yan, Keyan 150,000 $ 579,000 Sun, Lei 200,000 772,000 Li Huidan 200,000 772,000 550,000 $ 2,123,000 * 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, 2021
Disclosure of borrowings [text block] [Abstract]
SHORT-TERM BANK LOANS	30. SHORT-TERM BANK LOANS As at December 31, 2021 2020 Secured bank borrowings 1,180,656 1,148,959 Carrying amount repayable within 1 year 1,180,656 1,148,959 The borrowings are fixed-rate and denominated in RMB. Bank loans Amount USD Period Interest rate Mortgage Personal guarantee #1 1,180,656 4/26/2021 4/25/2022 5.39 % Land use right and buildings Yan, Keyan/Chen, Bizhen 1,180,656

Rights

Rights	12 Months Ended
	Dec. 31, 2021
Dividend Distribution Of One Rights [Abstract]
RIGHTS	31. RIGHTS 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 will entitle the holder to purchase, for the Exercise Price of $50, 0.00667 of a share of Preferred Stock having economic and other terms similar to that of one share of Common Stock. This portion of a share of Preferred Stock is intended to give the stockholder approximately the same dividend, voting and liquidation rights as would one share of Common Stock, and should approximate the value of one share of Common Stock. If an Acquiring Person obtains beneficial ownership of 15 percent or more of the Common Stock, then each Right will entitle the holder thereof to purchase, for the Exercise Price, a number of shares of Common Stock (or, in certain circumstances, cash, property or other securities of the Company) having a then-current market value of twice the Exercise Price. All Rights that are or, under certain circumstances specified in the Rights Agreement, were beneficially owned by an Acquiring Person or certain of its transferees will be void. In general, if anyone acquires 15% or more of the common stock of the Company, the Rights will give rights holders, other than the Acquiring Person, to buy common stock at lower price to significantly dilute the Acquiring Person. The Board adopted the Rights Agreement to protect stockholders from coercive or otherwise unfair takeover tactics. In general terms, it works by imposing a significant penalty upon any person or group that acquires 15 percent or more of the shares of Common Stock without the approval of the Board. As a result, the overall effect of the Rights Agreement and the issuance of the Rights may be to render more difficult or discourage a merger, tender or exchange offer or other business combination involving the Company that is not approved by the Board. As of December 31, 2021, there are 4,233,272 rights issued and outstanding. The number of the rights since issued has not been changed. The Company classified the Rights as permanent equity in the consolidated balance sheets because they are convertible to preferred B share which are further convertible to common stock of the Company. The Preferred Shares are recorded initially at fair value, net of issuance costs. The fair value of the rights was determined using a Black-Scholes model. This model requires the input of highly subjective assumptions, including price volatility of the underlying stock. Changes in the subjective input assumptions can materially affect the estimate of fair value of the rights and the Company’s results of operations could be impacted. This model is dependent upon several variables such as the instrument’s expected term, expected strike price, expected risk-free interest rate over the expected instrument term, the expected dividend yield rate over the expected instrument term, and the expected volatility of the Company’s stock price over the expected term. The expected term represents the period of time that the instruments granted are expected to be outstanding. The expected strike price is based upon a weighted average probability analysis of the strike price changes expected during the term as a result of the down round protection. The risk-free rates are based on U.S. Treasury securities with similar maturities as the expected terms of the options at the date of valuation. Expected dividend yield is based on historical trends. The Company measures volatility using the volatility rates of market index. The inputs to the model were as follows: December 31, Exercise price 50 Dividend yield - Risk-free rate 1.54 % Expected term (in years) 10 Expected volatility 79.68 %

Share Capital and Share Premium

Share Capital and Share Premium	12 Months Ended
	Dec. 31, 2021
Disclosure of share capital, reserves and other equity interest [text block] [Abstract]
SHARE CAPITAL AND SHARE PREMIUM	32. 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, 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 Issuance of shares 2,491,247 249 6,257,155 Issuance of rights - - 7,149,995 Shares outstanding as December 31, 2021 5,899,893 590 24,719,793 Number of Share Share Authorized Common shares of US$0.0001 as at December 31, 2021 150,000,000 $ 15,000 $ - 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 Issue and fully paid common shares of US$0.0001 as at December 31, 2021 5,899,893 590 $ 24,719,794 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. On April 8, 2021, the Company issued 1,500,000 shares of our newly-designated Series A Convertible Preferred Stock to a single investor for total subscription proceeds of $1,500,000. Each Series A Convertible Preferred Stock features a stated value of $1.00 and is convertible to 1 share of our common stock at any time after 6 months from the date of issue. All shares of common stock issuable upon conversion of the Series A Preferred Stock are subject to a two-year lock-up agreement running from the initial closing of the financing. On September 1, 2021, the Company issued 150,000 shares of our newly-designated Series C Convertible Preferred Stock to Sun Lei, our Chief Executive Officer for total subscription proceeds of $1,500,000 of a private offering. A Series C Convertible Preferred Stock features a stated value of $10.00 and is convertible to shares of our common stock on a 1 do 5 basis at any time after 6 months from the date of issue. Series C Convertible Preferred Stock votes together without common stock on an as-if-converted basis, which is not exercisable for one year, has no special dividend rights, and ranks equally to our common stock with respect to rights upon liquidation. All shares of common stock issuable upon conversion of the Series C Preferred Stock are subject to a one-year lock-up agreement running from the initial closing of the financing. On November 1, 2021, the “Company closed the private placement offering (the “Offering”) of its newly-designated Series D Convertible Preferred Stock, par value $0.0001 per share (“Series D Convertible Preferred Stock”), in which the Company issued 100,000 shares of Series D Convertible Preferred Stock (the “Shares”) for the total gross proceeds of $3,900,000. As stated in the Certificate of Designation, shares of Series D Convertible Preferred Stock vote together with holders of shares of common stock, par value $0.0001 per share (the “Common Stock”) of the Company on an as-if-converted basis; have no special dividend right, ranks equal to the Common Stock with respect to rights upon liquidation and are convertible into shares of Common Stock on a 1 do 13 basis at any time following the issuance. Holders of Series A, C and D Convertible Preferred Stock converted certain preferred stock to common stock during 2021. Following table shows the changes of the preferred stock during 2021: Preferred A Preferred C Preferred D shares Amount $ Shares Amount $ Shares Amount $ At December 31, 2020 - - - - - - New issued during the year 1,500,000 1,500,000 150,000 1,500,000 100,000 3,900,000 Converted to common stock (260,000 ) (260,000 ) - - (20,000 ) (780,000 ) At December 31, 2021 1,240,000 1,240,000 150,000 1,500,000 80,000 3,120,000 The Company classified all Preferred Shares as permanent equity in the consolidated balance sheets because they are not redeemable and convertible to common stock of the Company. The Preferred Shares are recorded initially at fair value, net of issuance costs. 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 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. On February 12, 2021, the Company granted an aggregate of 674,626 shares of common stock to Mr. Yan Keyan, Co-Chairman of the Board to repurchase his loan to the Company with value of $809,551。 On March 4, 2021, the Company issued 150,000 shares to employee for service to the Company. On June 4, 2021, the Company issued 16,621 shares for a legal service to the Company. On September 7, 2021, the Company issued 650,000 registered shares of common stock pursuant to Equity Incentive Plan to the executive officers, directors and certain employees as compensations for their services. On October 1, 2021, the Company issued 360,000 shares to employees for their services to the Company. On December 8, 2021, the Company issued 120,000 shares to employees for their compensation. On October 19, 2021 and November 15, 2021, the Company issued 260,000 shares each for Preferred A shares and Preferred D shares conversion, respectively.

Reserve

Reserve	12 Months Ended
	Dec. 31, 2021
Disclosure Of Classes Of Reserve Explanatory [Abstract]
RESERVE	33. 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, 2021 and 2020, 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, 2021
Disclosure Of Risk Management And Fair Values [Abstract]
RISK MANAGEMENT AND FAIR VALUES	34. 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 1,180,656 1,148,959 Less: cash and cash equivalents (12,914,914 ) (16,621,290 ) Net debt (11,734,258 ) (15,472,331 ) Total equity 30,872,341 54,531,662 Total capital 19,138,083 39,059,331 Gearing ratio (38 ) % (28 )% 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. As of December 31, 2021, our accumulated other comprehensive loss was $(2.1) 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, 2021 (2020: 41%). 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, 2021 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, 2021 Within Over Total Short-term bank loans and related interests 1,180,656 - 1,180,656 Trade and other payables 5,355,123 - 5,355,123 Related parties payables 467,568 - 467,568 Total 7,003,347 - 7,003,347 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 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, 2021 and 2020, 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, 2021
Disclosure of commitments and contingent liabilities [text block] [Abstract]
COMMITMENTS AND CONTINGENCIES	35. 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 69,399,168 63,193,611 (2) As at December 31, 2021, the Company had lease commitments as follows: As at December 31, 2021 2020 Within 1 year 113,095 85,549 2-5 years 330,856 231,370 Thereafter 1,993,837 2,108,036 2,437,788 2,424,955 The amount of $113,095 as of December 31, 2021 represents leases of 3 offices 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 29. The commitment pertains to this particular lease is as follows: As at December 31, 2021 2020 Within 1 year 82,714 77,123 2-5 years 330,856　 231,370 Thereafter 1,993,837 2,108,036 2,407,407 2,416,529 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, 2021
Disclosure of events after reporting period [text block] [Abstract]
EVENTS AFTER THE BALANCE SHEET	36. EVENTS AFTER THE BALANCE SHEET No Significant subsequent event was identified by the Company.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2021
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. 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, 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 December 31, 2021 USD 1.00= RMB 6.3524 USD 1.00=RMB 6.4491 Translation from HKD to USD found place at the following rates: Period end rates Average rates 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 December 31, 2021 USD 1.00= HKD 7.7991 USD 1.00=HKD 7.7731 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. The Company presents revenues from such transactions on a gross basis in the consolidated statements of comprehensive loss, as the Company acts as a principal to take inventory risks of these 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. The Company presents revenues from such transactions on a gross basis in the consolidated statements of comprehensive loss, as the Company acts as a principal to provide a package of tourism services and take a full obligation to provide such services even if the suppliers are not able to deliver service. Revenue from reselling of air-ticket The Company is a reseller of air-ticket, it provides value add services to its customers including guaranteed flight replacement and other financial benefits. The revenue is recognized when performance obligation has been satisfied, which could be significantly after the ticket sale. The Company recognizes gross revenue with an expense from the cost of purchasing from the supplier. 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% and 6% of product sales and taxable services revenue, respectively, 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 VAT rate in effect for product sales April 1, 2019 - Current 13 % May 1, 2018 – March 31, 2019 16 %
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	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	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	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	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	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 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.

Signifcant Accounting Policies

Signifcant Accounting Policies (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of significant accounting policies [text block] [Abstract]
Schedule of functional currency	Period end rates Average rates 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 December 31, 2021 USD 1.00= RMB 6.3524 USD 1.00=RMB 6.4491 Period end rates Average rates 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 December 31, 2021 USD 1.00= HKD 7.7991 USD 1.00=HKD 7.7731
Schedule of value added tax	Period Standard VAT rate in effect for product sales April 1, 2019 - Current 13 % May 1, 2018 – March 31, 2019 16 %

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of entity's operating segments [text block] [Abstract]
Schedule of operating segments gross margins	Wholesale Retail Subcontracting For the year ended For the year ended For the year ended By business 2021 2020 2019 2021 2020 2019 2021 2020 2019 Sales to external customers 4,593,325 8,366,144 10,308,309 367,367 446,834 571,403 - 727,797 5,585,850 Segment revenue 4,593,325 8,366,144 10,308,309 367,367 446,834 571,403 - 727,797 5,585,850 Segment gross margins/(loss) 680,241 2,053,266 3,268,945 74,701 175,632 319,706 - 102,955 2,162,393 Reconciling items - - - - - - - - - Profit/(loss) before tax - - - - - - - - - Income tax income/(expense) - - - - - - - - - Profit/(loss) for the year - - - - - - - - - Travel service Cross-board business Consolidated For the year ended For the year ended For the year ended By business 2021 2020 2019 2021 2020 2019 2021 2020 2019 Sales to external customers 51,818,166 991,929 - 2,222,782 343,445 - 59,001,641 10,876,149 16,465,562 Segment revenue 51,818,166 991,929 - 2,222,782 343,445 - 59,001,641 10,876,149 16,465,562 Segment gross margins/(loss) 541,889 96,577 - 305,822 69,988 - 1,579,827 2,498,418 5,751,043 Reconciling items - - - - - - (21,326,211 ) (9,722,659 ) (5,412,858 ) Profit/(loss) before tax - - - - - - (19,746,384 ) (7,224,241 ) 338,185 Income tax income/(expense) - - - - - - (17,469,099 ) 1,556,824 (442,590 ) Profit/(loss) for the year - - - - - - (37,215,483 ) (5,667,417 ) (104,405 )
Schedule of assets and liabilities	As of December 31, 2021 Wholesale and Retail Subcontracting Travel service cross-board Unallocated Consolidated Current assets 18,640,119 2,610,448 450,129 2,809,431 (283,630 ) 24,226,497 Non-current assets 2,410,407 8,111,375 674 3,345,469 - 13,867,925 Total assets 21,050,526 10,721,823 450,803 6,154,900 (283,630 ) 38,094,422 Current liabilities 3,384,019 1,481,508 303,749 424,534 1,628,272 7,222,082 Total liabilities 3,384,019 1,481,508 303,749 424,534 1,628,272 7,222,082 As of December 31, 2020 Wholesale and Retail Subcontracting Travel service cross-board 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
Schedule of major distributors revenue	Year ended December 31, 2021 2020 2019 Customer A 41,767,780 - - Customer B 9,439,831 - - Total revenue 59,001,641 8,812,979 10,308,309
Schedule of major suppliers purchases	Year ended December 31, 2021 2020 2019 Supplier A - 354,710 1,270,597 Supplier B - 483,879 2,325,926 Supplier C - - 504,779 Supplier D 465,031 1,232,219 1,212,778 Supplier E 593,800 1,215,155 869,365 Supplier F - - 1,222,864 Supplier G 650,093 1,239,805 - Supplier H 9,586,155 - - Supplier I 15,551,014 - - Other suppliers 30,071,756 4,862,755 62,948 56,917,850 9,388,523 7,469,257

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of revenue [text block] [Abstract]
Schedule of revenue	Year ended December 31, 2021 2020 2019 Apparel - Wholesale 1,025,644 8,366,144 10,308,309 - Retail 3,935,049 446,835 571,403 4,960,693 8,812,979 10,879,712 Subcontracting - 727,797 5,585,850 4,960,693 9,530,776 16,465,562 Travel service 51,818,166 991,929 - Cross-board products 2,222,782 343,444 - Total 59,001,641 10,876,149 16,465,562

Cost of Revenue (Tables)

Cost of Revenue (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of cost of sales [text block] [Abstract]
Schedule of cost of sales for our retail and wholesale of garment business	Year ended December 31, 2021 2020 2019 Changes in inventories of finished goods and work in progress 83,112 114,905 76,800 Materials consumed in production 1,559,520 2,343,747 43,443 Purchases of finished goods 3,163,622 2,755,152 7,053,841 Labor - 460,394 2,887,199 Depreciation - 32,405 142,278 Rental - - - Outsourced manufacturing cost 1,299,947 1,751,272 - Outsourced service cost 51,276,130 848,362 - Taxes and surcharges * 32,488 22,202 130,728 Water and electricity - 30,528 63,969 Inventory provision (14,016 ) (42,884 ) 42,919 Others - 681 237,561 Foreign currency translation difference 21,011 60,967 35,781 57,421,814 8,377,731 10,714,519

Other Income (Tables)

Other Income (Tables)	12 Months Ended
	Dec. 31, 2021
Other Income [Abstract]
Schedule of other income	Year ended December 31, 2021 2020 2019 Government grant - - 6,179 Interest income on bank deposits 33,717 54,544 62,538 Other 372,776 364,094 222,865 406,493 418,638 291,582

Other Losses (Tables)

Other Losses (Tables)	12 Months Ended
	Dec. 31, 2021
Other Gains and (Losses) [Abstract]
Schedule of other losses	Year ended December 31, 2021 2020 2019 Gain/(Loss) on disposals of property, plant and equipment (97,378 ) (46,184 ) 2,124 Foreign exchange gain - - 13 Gain/(loss) on disposal of a subsidiary 30,641 - - Bad debt provision of trade receivables (5,224,219 ) (2,334,410 ) (1,028,972 ) Impairment of long-lived assets (3,812,679 ) - - Others (4,824 ) - (37,753 ) (9,108,459 ) (2,380,594 ) (1,064,588 )

Distribution and Selling Expe_2

Distribution and Selling Expenses (Tables)	12 Months Ended
	Dec. 31, 2021
Distribution and Selling Expenses [Abstract]
Schedule of distribution and selling expenses	Year ended December 31, 2021 2020 2019 Rental 23,259 9,565 9,573 Outsourced service fee 1,212,402 - - Labor 186,757 160,314 170,771 Subsidy to distributors 485,649 453,906 477,779 Promotion - - - Advertisement 1,292,256 1,174,552 287,354 Covid financial aid to distributors - 2,172,432 - Others 199,005 287,735 148,914 3,399,328 4,258,504 1,094,391

Administrative Expense (Tables)

Administrative Expense (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of general and administrative expense [text block] [Abstract]
Schedule of administrative expense	Year ended December 31, 2021 2020 2019 Labor 3,845,738 1,509,917 1,690,420 Audit fee 200,000 114,400 138,870 Professional and other service fee 2,666,804 16,201 18,517 Design fee 438,850 410,166 372,192 Depreciation and amortization charges 766,480 738,725 685,253 Decoration 155,665 - - Rental 143,787 72,960 73,021 Travelling and entertainment 213,113 76,093 17,439 Others 735,754 501,353 482,546 9,166,191 3,439,815 3,478,258

Finance Costs (Tables)

Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of finance cost [text block] [Abstract]
Schedule of finance costs	Year ended December 31, 2021 2020 2019 Interest expenses on bank borrowings wholly repayable within one year 58,726 62,383 67,203

Income Tax (Income)_ Expense (T

Income Tax (Income)/ Expense (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of income tax [text block] [Abstract]
Summary of income tax (Income)/ Expense	Year ended December 31, 2021 2020 2019 PRC enterprises income tax: Current tax 5,495 47,916 256,808 Deferred tax 17,463,604 (1,614,740 ) 185,787 17,469,099 (1,556,824 ) 442,595
Summary of tax charge	Year ended December 31, 2021 2020 2019 (Loss)/profit before tax in PRC (15,107,226 ) (7,224,241 ) 338,185 Tax calculated at domestic tax rates applicable to profits in PRC (2021, 2020, and 2019: 25%) (3,776,807 ) (1,806,060 ) 84,546 Valuation allowance on deferred tax assets 21,245,906 249,236 358,049 Tax charge for the year 17,469,099 (1,556,824 ) 442,595
Summary of deferred tax balances	2021 2020 2019 Temporary difference Deferred tax assets Temporary difference Deferred tax assets Temporary difference Deferred tax assets Beginning of the year 63,509,644 16,960,839 59,616,758 14,330,463 60,645,730 14,688,829 Bad Debt provisions charged to profit or loss 6,064,120 1,516,030 (2,334,410 ) 583,603 (1,028,972 ) 257,243 Inventory provision charged to profit or loss 1,283 321 - - - - Impairment charged to profit or loss 2,944,979 736,245 - - - - Tax loss carried forward 6,102,339 1,529,706 6,227,296 1,556,824 - - Allowance (21,245,906 ) - - - - Effect of translation - 502,765 - 489,949 - (615,609 ) End of the year 78,622,365 - 63,509,644 16,960,839 59,616,758 14,330,463

(Loss)_Profit for the Year (Tab

(Loss)/Profit for the Year (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Profit Loss For Year Explanatory [Abstract]
Schedule of profit for the year	Year ended December 31, 2021 2020 2019 Cost of inventories recognized as expenses 57,389,326 8,355,528 10,583,791 Taxes and surcharges 32,488 22,202 130,728 57,421,814 8,377,730 10,714,519 Depreciation of property, plant and equipment 757,516 771,130 671,262 Amortization of land use rights and trademarks 14,958 13,980 13,992 Amortization of prepayments and premiums under operating leases 81,474 94,699 96,743 Provision (Reversal) of inventory obsolescence 1,283 (42,884 ) (145,747 Provision of bad debt allowance 6,076,620 2,334,410 1,028,972 Provision of impairment loss in property 2,944,979 - - 9,876,830 3,171,335 1,665,222

Employees' Emoluments (Tables)

Employees' Emoluments (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of employee benefits [text block] [Abstract]
Schedule of employees' emoluments	Year ended December 31, 2021 2020 2019 Salaries and other short-term benefits 1,202,852 1,741,293 2,086,041 Defined contribution benefit schemes 123,287 95,978 290,414 Total employee benefits expense (including directors’ emoluments) 1,326,139 1,837,271 2,376,455

Directors' Emoluments (Tables)

Directors' Emoluments (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Directors Emoluments Explanatory [Abstract]
Schedule of emoluments paid or payable to the directors	Year ended December 31, 2021 2020 2019 Salaries Yan Keyan 597,669 306,466 389,826 Sun Lei 772,000 - - Li Huidan 772,000 - - Lixia Tu - 237,880 232,144 John Sano - 10,350 18,600 Themis Kalapotharakos - 82,800 148,800 Matthew Los - 82,800 148,800 Zhongmin Zhang - 10,350 18,600 Yuet Mei Chan - 10,350 18,600 2,141,669 740,996 975,370 Social Welfare Yan Keyan 1,242 432 1,055 1,242 432 1,055

Loss Per Share (Tables)

Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of earnings per share [text block] [Abstract]
Schedule of loss per share	For the years ended December 31, 2021 2020 2019 Basic Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (37,215,483 ) $ (5,667,417 ) $ (104,405 ) Diluted Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (37,215,483 ) $ (5,667,417 ) $ (104,405 ) Basic Loss Per Share Denominator Original shares: 3,408,646 2,591,299 2,271,299 Additions from actual events: - Issuance of common stock, weighted 1,115,699 121,229 246,192 Basic weighted average shares outstanding 4,524,345 2,712,528 2,517,491 Diluted Loss Per Share Denominator Basic weighted average shares outstanding 4,524,345 2,712,528 2,517,491 Dilutive shares: Potential additions from dilutive events: - Exercise of investor warrants* Diluted Weighted Average Shares Outstanding: 4,524,345 2,712,528 2,517,491 Loss Per Share - Basic $ (8.23 ) $ (2.09 ) $ (0.00 ) - Diluted $ (8.23 ) $ (2.09 ) $ (0.00 ) Weighted Average Shares Outstanding - Basic 4,524,345 2,712,528 2,517,491 - Diluted 4,524,345 2,712,528 2,517,491

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of property, plant and equipment [text block] [Abstract]
Schedule of owner-occupied property	Plant Machinery Office Motor Furniture Leasehold Leasehold Total COST 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 9,172 5,551 10,397 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 Additions 2,311,212 11,332 999,829 2,526 3,324,899 Disposals (45,876 ) (20,638 ) (34,211 ) (1,591 ) (907,602 ) (272,306 ) (1,282,224 ) Reclassification to investment property (5,487,395 ) - - - - - - (5,487,395 ) Translation adjustment 150,063 552 3,642 15,632 4,455 10,922 3,277 188,543 At December 31, 2021 4,165,873 - 131,486 1,015,050 166,369 - - 5,478,778 DEPRECIATION AND IMPAIRMENT 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 (765,139 ) (36,477 ) (7,505 ) (4,668 ) (9,740 ) (49,572 ) (17,298 ) (890,399 ) At December 31, 2020 (4,459,340 ) (45,324 ) (135,065 ) (30,609 ) (159,973 ) (798,006 ) (269,029 ) (5,897,346 ) Provided for the year (186,439 ) - (773 ) (20,856 ) (57 ) (9,118 ) - (217,243 ) Eliminated upon disposal of assets - 45,876 18,171 30,982 1,263 816,842 272,305 1,185,439 Depreciation reclassified to investment property 1,602,628 - - - - - - 1,602,628 Impairment reclassified to investment property 1,792,237 - - - - - - 1,792,237 Impairment (48,859 ) - - - - - - (48,859 ) Translation adjustment (74,928 ) (552 ) (3,462 ) (691 ) (4,395 ) (9,718 ) (3,276 ) (97,022 ) At December 31, 2021 (1,374,701 ) - (121,129 ) (21,174 ) (163,162 ) - - (1,680,166 ) CARRYING AMOUNT At December 31, 2020 2,732,653 - 2,086 3,191 1,006 98,675 - 2,837,609 At December 31, 2021 2,791,172 - 10,357 993,876 3,207 - - 3,798,612
Schedule of straight-line basis for all property, plant and equipment over their estimated useful lives of the assets	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 and building include buildings	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 8-101 Bojingwan Beiyuan, Hexi District, Tianjing, the PRC Office 242
Schedule of fair value approximated carry amounts, being the initial cost to acquire these investment properties	COST 2021 2020 Opening balance at 1 January 24,118,655 12,291,058 Acquisitions - - Capitalized subsequent expenditure - - Classified as held for sale or disposals - - Transfer (to)/from inventories and owner-occupied property 5,487,395 10,983,012 Translation adjustment 748,918 (844,585 ) Closing balance at 31 December 30,354,968 24,118,655 DEPRECIATION AND IMPAIRMENT 2021 2020 Opening balance at 1 January (15,844,460 ) (7,191,880 ) Provided for the year (540,273 ) (400,328 ) Eliminated upon disposal of assets - - Impairment for the year (2,673,131 ) - Transfer to/(from) inventories and owner-occupied property (3,394,864 ) (7,758,060 ) Translation adjustment (537,712 ) (494,192 ) Closing balance at 31 December (22,990,440 ) (15,844,460 ) CARRYING AMOUNT 2021 2020 Closing balance at 31 December 7,364,527 8,274,195

Prepayments and Premiums Unde_2

Prepayments and Premiums Under Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of lease prepayments [text block] [Abstract]
Schedule of prepayments and premiums under operating leases	Amount At January 1, 2020 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 additions for the year 3,411 charge for the year (81,474 ) translation adjustment 65,572 At December 31, 2021 2,407,409
Schedule of analyzed for reporting	As at December 31, 2021 2020 Current asset 82,714 80,494 Non-current asset 2,324,695 2,339,406 2,407,409 2,419,900

Prepayment for Construction o_2

Prepayment for Construction of New Plant (Tables)	12 Months Ended
	Dec. 31, 2021
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, 2021
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, 2021
Disclosure of quantitative information about leases for lessee [abstract]
Schedule of land use right	Amount COST At January 1, 2020 687,732 additions for the year - translation adjustment 47,258 At December 31, 2020 734,990 additions for the year - translation adjustment 20,277 At December 31, 2021 755,267 AMORTIZATION At January 1, 2020 (107,832 ) charge for the year (13,980 ) translation adjustment (8,208 ) At December 31, 2020 (130,020 ) charge for the year (14,958 ) Impairment (222,989 ) translation adjustment (7,209 ) At December 31, 2021 (375,176 ) CARRYING AMOUNTS At December 31, 2020 604,970 At December 31, 2021 380,091
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, 2021
Disclosure of inventories [text block] [Abstract]
Schedule of Inventories	As at December 31, 2021 2020 Raw materials 773,180 1,247,087 Finished goods 392,018 607,911 Provision for obsolete inventories (1,302 ) - 1,163,896 1,854,998

Trade Receivables, Other Rece_2

Trade Receivables, Other Receivables and Prepayments (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of trade and other receivables [text block] [Abstract]
Schedule of trade receivables	As at December 31, 2021 2020 Trade receivables 18,952,763 16,276,263 Bad debt provision for trade receivables (11,215,912 ) (4,923,646 ) 7,736,851 11,352,617
Schedule of other receivables	As at December 31, 2021 2020 Other receivables 344,437 124,684 Prepayments 1,983,685 1,424,317 2,328,122 1,549,001
Schedule of aging analysis of trade receivables	As at December 31, 2021 2020 Current 2,629,433 5,223,618 Past due for less than 4 months 1,411,252 3,852,158 Past due for more than 4 months 14,912,078 7,200,487 18,952,763 16,276,263
Schedule of provision for doubtful debts	2021 2020 As at January 1 4,923,646 2,299,558 Provision provided in the year 6,076,620 2,334,410 Translation adjustment 215,646 289,678 As at December 31 11,215,912 4,923,646

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of cash and cash equivalents [text block] [Abstract]
Schedule of cash and cash equivalents	As at December 31, 2021 2020 Cash on hand 9,470 6,603 Bank deposits 12,905,444 16,590,797 Other monetary funds - 23,890 12,914,914 16,621,290 As at December 31, 2020 2020 Renminbi 12,914,834 16,620,458 Hong Kong Dollars 80 12 United States Dollars - 820 12,914,914 16,621,290

Trade and Other Payables (Table

Trade and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of trade and other payables [text block] [Abstract]
Schedule of trade and other payables	As at December 31, 2021 2020 Trade payables 297,033 276,719 Employee benefits payable 148,232 149,358 Accrual and other payables 1,811,262 1,816,095 Subtotal financial liabilities 2,256,527 2,242,172 Other taxes payable 3,098,596 3,114,370 5,355,123 5,356,542
Schedule of aging analysis of trade payables	As at December 31, 2021 2020 Current 294,938 275,569 Past due for less than 4 months 2,046 1,103 Past due for over 4 months 49 47 297,033 276,719

Related Parties Payable (Tables

Related Parties Payable (Tables)	12 Months Ended
	Dec. 31, 2021
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 Sun, Lei Chief Executive Officer Li Huidan Co-chairman of the Board of Directors * 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 2021 2020 Yan, Keyan Borrowing of funds 36,697 826,422 Sun, Lei Borrowing of funds 430,871 306,389 467,568 1,132,811
Schedule of issued share	Name Shares issued Value Yan, Keyan 150,000 $ 579,000 Sun, Lei 200,000 772,000 Li Huidan 200,000 772,000 550,000 $ 2,123,000

Short-Term Bank Loans (Tables)

Short-Term Bank Loans (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of borrowings [text block] [Abstract]
Schedule of short-term bank loans	As at December 31, 2021 2020 Secured bank borrowings 1,180,656 1,148,959 Carrying amount repayable within 1 year 1,180,656 1,148,959
Schedule of borrowings fixed-rate and denominated in RMB	Bank loans Amount USD Period Interest rate Mortgage Personal guarantee #1 1,180,656 4/26/2021 4/25/2022 5.39 % Land use right and buildings Yan, Keyan/Chen, Bizhen 1,180,656

Rights (Tables)

Rights (Tables)	12 Months Ended
	Dec. 31, 2021
Dividend Distribution Of One Rights [Abstract]
Schedule of inputs to the black-scholes model	December 31, Exercise price 50 Dividend yield - Risk-free rate 1.54 % Expected term (in years) 10 Expected volatility 79.68 %

Share Capital and Share Premi_2

Share Capital and Share Premium (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure of share capital, reserves and other equity interest [text block] [Abstract]
Schedule of group's share capital	Number of Share Share 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 Issuance of shares 2,491,247 249 6,257,155 Issuance of rights - - 7,149,995 Shares outstanding as December 31, 2021 5,899,893 590 24,719,793 Number of Share Share Authorized Common shares of US$0.0001 as at December 31, 2021 150,000,000 $ 15,000 $ - 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 Issue and fully paid common shares of US$0.0001 as at December 31, 2021 5,899,893 590 $ 24,719,794
Schedule of series A, C and D Convertible Preferred Stock converted certain preferred stock to common stock	Preferred A Preferred C Preferred D shares Amount $ Shares Amount $ Shares Amount $ At December 31, 2020 - - - - - - New issued during the year 1,500,000 1,500,000 150,000 1,500,000 100,000 3,900,000 Converted to common stock (260,000 ) (260,000 ) - - (20,000 ) (780,000 ) At December 31, 2021 1,240,000 1,240,000 150,000 1,500,000 80,000 3,120,000

Risk Management and Fair Valu_2

Risk Management and Fair Values (Tables)	12 Months Ended
	Dec. 31, 2021
Disclosure Of Risk Management And Fair Values [Abstract]
Schedule of capital requirements	December 31, December 31, Total borrowing 1,180,656 1,148,959 Less: cash and cash equivalents (12,914,914 ) (16,621,290 ) Net debt (11,734,258 ) (15,472,331 ) Total equity 30,872,341 54,531,662 Total capital 19,138,083 39,059,331 Gearing ratio (38 ) % (28 )%
Schedule of liquidity risk	Within Over Total Short-term bank loans and related interests 1,180,656 - 1,180,656 Trade and other payables 5,355,123 - 5,355,123 Related parties payables 467,568 - 467,568 Total 7,003,347 - 7,003,347 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

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2021
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 69,399,168 63,193,611
Schedule of lease commitments	As at December 31, 2021 2020 Within 1 year 113,095 85,549 2-5 years 330,856 231,370 Thereafter 1,993,837 2,108,036 2,437,788 2,424,955 As at December 31, 2021 2020 Within 1 year 82,714 77,123 2-5 years 330,856　 231,370 Thereafter 1,993,837 2,108,036 2,407,407 2,416,529

General Information (Details)

General Information (Details)

Nov. 11, 2021

Aug. 07, 2020

Aug. 04, 2016

Jul. 23, 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 ($)

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 | $ / shares

$ 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, description

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, description

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, description

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 (Hainan) Holding Co., Ltd [Member]

General Information (Details) [Line Items]

Business combination, description

It has a registered capital of USD30,000,000. It is 100% owned by Flower Crow HK. Its business scope range from import & export to manufacturing.

Jin Xuan Luxury Tourism [Member]

General Information (Details) [Line Items]

Business combination, description

incorporated in the PRC on August 4, 2016. It is 100% owned by JX Hainan . 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.

Heyang Travel [Member]

General Information (Details) [Line Items]

Business combination, description

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

Signifcant Accounting Policie_2

Signifcant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2021
Disclosure of significant accounting policies [text block] [Abstract]
Number of segments	5
Value added tax rate	13.00%
Product sales and taxable, percentage	6.00%
Estimated useful life	20 years
Land use rights, description	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.
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, 2021	Dec. 31, 2020	Dec. 31, 2019
RMB to USD [Member]
Signifcant Accounting Policies (Details) - Schedule of functional currency [Line Items]
Translation currency, Period end rates	USD 1.00= RMB 6.3524	USD 1.00= RMB 6.5277	USD 1.00= RMB 6.9762
Translation currency, Average rates	USD 1.00=RMB 6.4491	USD 1.00=RMB 6.9001	USD 1.00=RMB 6.8944
HKD to USD [Member]
Signifcant Accounting Policies (Details) - Schedule of functional currency [Line Items]
Translation currency, Period end rates	USD 1.00= HKD 7.7991	USD 1.00= HKD 7.7525	USD 1.00= HKD 7.7877
Translation currency, Average rates	USD 1.00=HKD 7.7731	USD 1.00=HKD 7.7558	USD 1.00=HKD 7.8342

Signifcant Accounting Policie_4

Signifcant Accounting Policies (Details) - Schedule of value added tax	Dec. 31, 2021
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%

Significant Management Judgem_2

Significant Management Judgement in Applying Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Disclosure of accounting judgements and estimates [text block] [Abstract]
Income tax payable	$ 0	$ 47,916

Key Sources of Estimation Unc_2

Key Sources of Estimation Uncertainty (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	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
Recognized impairment loss	2,673,131
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
Property, Plant and Equipment [Member]
Key Sources of Estimation Uncertainty (Details) [Line Items]
Investment property	48,859
Land and buildings [member]
Key Sources of Estimation Uncertainty (Details) [Line Items]
Recognized impairment loss	$ 222,989

Segment Reporting (Details)

Segment Reporting (Details)	12 Months Ended
	Dec. 31, 2021
Disclosure of entity's operating segments [text block] [Abstract]
Major customers revenue, percentage	10.00%
Major suppliers revenue, percentage	10.00%

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of operating segments gross margins - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Wholesale [Member]
Segment Reporting (Details) - Schedule of operating segments gross margins [Line Items]
Sales to external customers	$ 4,593,325	$ 8,366,144	$ 10,308,309
Segment revenue	4,593,325	8,366,144	10,308,309
Segment gross margins/(loss)	680,241	2,053,266	3,268,945
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	367,367	446,834	571,403
Segment revenue	367,367	446,834	571,403
Segment gross margins/(loss)	74,701	175,632	319,706
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
Segment revenue		727,797	5,585,850
Segment gross margins/(loss)		102,955	2,162,393
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	51,818,166	991,929
Segment revenue	51,818,166	991,929
Segment gross margins/(loss)	541,889	96,577
Reconciling items
Profit/(loss) before tax
Income tax income/(expense)
Profit/(loss) for the year
Cross-board business [Member]
Segment Reporting (Details) - Schedule of operating segments gross margins [Line Items]
Sales to external customers	2,222,782	343,445
Segment revenue	2,222,782	343,445
Segment gross margins/(loss)	305,822	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	59,001,641	10,876,149	16,465,562
Segment revenue	59,001,641	10,876,149	16,465,562
Segment gross margins/(loss)	1,579,827	2,498,418	5,751,043
Reconciling items	(21,326,211)	(9,722,659)	(5,412,858)
Profit/(loss) before tax	(19,746,384)	(7,224,241)	338,185
Income tax income/(expense)	(17,469,099)	1,556,824	(442,590)
Profit/(loss) for the year	$ (37,215,483)	$ (5,667,417)	$ (104,405)

Segment Reporting (Details) -_2

Segment Reporting (Details) - Schedule of assets and liabilities - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Wholesale and Retail [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	$ 18,640,119	$ 25,905,492
Non-current assets	2,410,407	11,924,761
Total assets	21,050,526	37,830,253
Current liabilities	3,384,019	3,436,210
Total liabilities	3,384,019	3,436,210
Subcontracting [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	2,610,448	3,448,586
Non-current assets	8,111,375	19,092,258
Total assets	10,721,823	22,540,844
Current liabilities	1,481,508	1,462,327
Total liabilities	1,481,508	1,462,327
Travel service [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	450,129	528,955
Non-current assets	674
Total assets	450,803	528,955
Current liabilities	303,749	245,607
Total liabilities	303,749	245,607
Tax free products [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	2,809,431	854,843
Non-current assets	3,345,469
Total assets	6,154,900	854,843
Current liabilities	424,534	381,876
Total liabilities	424,534	381,876
Unallocated [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	(283,630)	720,524
Non-current assets
Total assets	(283,630)	720,524
Current liabilities	1,628,272	2,417,737
Total liabilities	1,628,272	2,417,737
Consolidated [Member]
Segment Reporting (Details) - Schedule of assets and liabilities [Line Items]
Current assets	24,226,497	31,458,400
Non-current assets	13,867,925	31,017,019
Total assets	38,094,422	62,475,419
Current liabilities	7,222,082	7,943,757
Total liabilities	$ 7,222,082	$ 7,943,757

Segment Reporting (Details) -_3

Segment Reporting (Details) - Schedule of major distributors revenue - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting (Details) - Schedule of major distributors revenue [Line Items]
Total revenue	$ 59,001,641	$ 8,812,979	$ 10,308,309
Customer A [Member]
Segment Reporting (Details) - Schedule of major distributors revenue [Line Items]
Total revenue	41,767,780
Customer B [Member]
Segment Reporting (Details) - Schedule of major distributors revenue [Line Items]
Total revenue	$ 9,439,831

Segment Reporting (Details) -_4

Segment Reporting (Details) - Schedule of major suppliers purchases - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers	$ 56,917,850	$ 9,388,523	$ 7,469,257
Supplier A [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers		354,710	1,270,597
Supplier B [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers		483,879	2,325,926
Supplier C [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers			504,779
Supplier D [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers	465,031	1,232,219	1,212,778
Supplier E [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers	593,800	1,215,155	869,365
Supplier F [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers			1,222,864
Supplier G [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers	650,093	1,239,805
Supplier H [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers	9,586,155
Supplier I [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers	15,551,014
Other suppliers [Member]
Segment Reporting (Details) - Schedule of major suppliers purchases [Line Items]
Major suppliers	$ 30,071,756	$ 4,862,755	$ 62,948

Revenue (Details) - Schedule of

Revenue (Details) - Schedule of revenue - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Revenue (Details) - Schedule of revenue [Line Items]
Revenue	$ 59,001,641	$ 8,812,979	$ 10,308,309
Total revenue	59,001,641	10,876,149	16,465,562
Wholesale [Member]
Revenue (Details) - Schedule of revenue [Line Items]
Revenue	1,025,644	8,366,144	10,308,309
Retail [Member]
Revenue (Details) - Schedule of revenue [Line Items]
Revenue	3,935,049	446,835	571,403
Apparel Total [Member]
Revenue (Details) - Schedule of revenue [Line Items]
Revenue	4,960,693	8,812,979	10,879,712
Subcontracting [Member]
Revenue (Details) - Schedule of revenue [Line Items]
Revenue		727,797	5,585,850
Subtotal [Member]
Revenue (Details) - Schedule of revenue [Line Items]
Revenue	4,960,693	9,530,776	16,465,562
Travel service [Member]
Revenue (Details) - Schedule of revenue [Line Items]
Revenue	51,818,166	991,929
Cross-board products [Member]
Revenue (Details) - Schedule of revenue [Line Items]
Revenue	$ 2,222,782	$ 343,444

Cost of Revenue (Details)

Cost of Revenue (Details)	12 Months Ended
	Dec. 31, 2021
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 Revenue (Details) - Sch

Cost of Revenue (Details) - Schedule of cost of sales for our retail and wholesale of garment business - USD ($)		12 Months Ended
		Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of cost of sales for our retail and wholesale of garment business [Abstract]
Changes in inventories of finished goods and work in progress		$ 83,112	$ 114,905	$ 76,800
Materials consumed in production		1,559,520	2,343,747	43,443
Purchases of finished goods		3,163,622	2,755,152	7,053,841
Labor			460,394	2,887,199
Depreciation			32,405	142,278
Rental
Outsourced manufacturing cost		1,299,947	1,751,272
Outsourced service cost		51,276,130	848,362
Taxes and surcharges *	[1]	32,488	22,202	130,728
Water and electricity			30,528	63,969
Inventory provision		(14,016)	(42,884)	42,919
Others			681	237,561
Foreign currency translation difference		21,011	60,967	35,781
Cost of sales		$ 57,421,814	$ 8,377,731	$ 10,714,519
[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, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of other income [Abstract]
Government grant			$ 6,179
Interest income on bank deposits	33,717	54,544	62,538
Other	372,776	364,094	222,865
Other income	$ 406,493	$ 418,638	$ 291,582

Other Losses (Details) - Schedu

Other Losses (Details) - Schedule of other losses - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of other losses [Abstract]
Gain/(Loss) on disposals of property, plant and equipment	$ (97,378)	$ (46,184)	$ 2,124
Foreign exchange gain			13
Gain/(loss) on disposal of a subsidiary	30,641
Bad debt provision of trade receivables	(5,224,219)	(2,334,410)	(1,028,972)
Impairment of long-lived assets	(3,812,679)
Others	(4,824)		(37,753)
Other gains (losses)	$ (9,108,459)	$ (2,380,594)	$ (1,064,588)

Distribution and Selling Expe_3

Distribution and Selling Expenses (Details) - Schedule of distribution and selling expenses - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of distribution and selling expenses [Abstract]
Rental	$ 23,259	$ 9,565	$ 9,573
Outsourced service fee	1,212,402
Labor	186,757	160,314	170,771
Subsidy to distributors	485,649	453,906	477,779
Promotion
Advertisement	1,292,256	1,174,552	287,354
Covid financial aid to distributors		2,172,432
Others	199,005	287,735	148,914
Total	$ 3,399,328	$ 4,258,504	$ 1,094,391

Administrative Expense (Details

Administrative Expense (Details) - Schedule of administrative expense - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of administrative expense [Abstract]
Labor	$ 3,845,738	$ 1,509,917	$ 1,690,420
Audit fee	200,000	114,400	138,870
Professional and other service fee	2,666,804	16,201	18,517
Design fee	438,850	410,166	372,192
Depreciation and amortization charges	766,480	738,725	685,253
Decoration	155,665
Rental	143,787	72,960	73,021
Travelling and entertainment	213,113	76,093	17,439
Others	735,754	501,353	482,546
Total	$ 9,166,191	$ 3,439,815	$ 3,478,258

Finance Costs (Details) - Sched

Finance Costs (Details) - Schedule of finance costs - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of finance costs [Abstract]
wholly repayable within one year	$ 58,726	$ 62,383	$ 67,203

Income Tax (Income)_ Expense (D

Income Tax (Income)/ Expense (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax (Income)/ Expense (Details) [Line Items]
Tax rate effect of tax losses	25.00%	25.00%	25.00%
Applicable tax rate	16.50%
Deferred tax assets (in Dollars)	$ 4,639,158
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Income Tax (Income)/ Expense (Details) - Summary of income tax (Income)/ Expense [Line Items]
Tax expense (income), continuing operations	$ 17,469,099	$ (1,556,824)	$ 442,595
PRC enterprises income tax [Member]
Income Tax (Income)/ Expense (Details) - Summary of income tax (Income)/ Expense [Line Items]
Current tax	5,495	47,916	256,808
Deferred tax	$ 17,463,604	$ (1,614,740)	$ 185,787

Income Tax (Income)_ Expense _3

Income Tax (Income)/ Expense (Details) - Summary of tax charge - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Summary of tax charge [Abstract]
(Loss)/profit before tax in PRC	$ (15,107,226)	$ (7,224,241)	$ 338,185
Tax calculated at domestic tax rates applicable to profits in PRC (2020, 2019, and 2018: 25%)	(3,776,807)	(1,806,060)	84,546
Valuation allowance on deferred tax assets	21,245,906	249,236	358,049
Tax charge for the year	$ 17,469,099	$ (1,556,824)	$ 442,595

Income Tax (Income)_ Expense _4

Income Tax (Income)/ Expense (Details) - Summary of tax charge (Parentheticals)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
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, 2021	Dec. 31, 2020	Dec. 31, 2019
Temporary difference [Member]
Income Tax (Income)/ Expense (Details) - Summary of deferred tax balances [Line Items]
Beginning of the year	$ 63,509,644	$ 59,616,758	$ 60,645,730
Bad Debt provisions charged to profit or loss	6,064,120	(2,334,410)	(1,028,972)
Inventory provision charged to profit or loss	1,283
Impairment charged to profit or loss	2,944,979
Tax loss carried forward	6,102,339	6,227,296
Effect of translation
End of the year	78,622,365	63,509,644	59,616,758
Deferred tax assets [Member]
Income Tax (Income)/ Expense (Details) - Summary of deferred tax balances [Line Items]
Beginning of the year	16,960,839	14,330,463	14,688,829
Bad Debt provisions charged to profit or loss	1,516,030	583,603	257,243
Inventory provision charged to profit or loss	321
Impairment charged to profit or loss	736,245
Tax loss carried forward	1,529,706	1,556,824
Allowance	(21,245,906)
Effect of translation	$ 502,765	489,949	(615,609)
End of the year		$ 16,960,839	$ 14,330,463

(Loss)_Profit for the Year (Det

(Loss)/Profit for the Year (Details) - Schedule of profit for the year - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of profit for the year [Abstract]
Cost of inventories recognized as expenses	$ 57,389,326	$ 8,355,528	$ 10,583,791
Taxes and surcharges	32,488	22,202	130,728
Cost of sales	57,421,814	8,377,730	10,714,519
Depreciation of property, plant and equipment	757,516	771,130	671,262
Amortization of land use rights and trademarks	14,958	13,980	13,992
Amortization of prepayments and premiums under operating leases	81,474	94,699	96,743
Provision (Reversal) of inventory obsolescence	1,283	(42,884)	145,747
Provision of bad debt allowance	6,076,620	2,334,410	1,028,972
Provision of impairment loss in property	2,944,979
Profit for the year	$ 9,876,830	$ 3,171,335	$ 1,665,222

Employees' Emoluments (Details)

Employees' Emoluments (Details) - Schedule of employees' emoluments - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of employees' emoluments [Abstract]
Salaries and other short-term benefits	$ 1,202,852	$ 1,741,293	$ 2,086,041
Defined contribution benefit schemes	123,287	95,978	290,414
Total employee benefits expense (including directors’ emoluments)	$ 1,326,139	$ 1,837,271	$ 2,376,455

Directors' Emoluments (Details)

Directors' Emoluments (Details) - Schedule of emoluments paid or payable to the directors - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Salaries
Salaries	$ 2,141,669	$ 740,996	$ 975,370
Social Welfare
Social Welfare	1,242	432	1,055
Yan Keyan [Member]
Salaries
Salaries	597,669	306,466	389,826
Social Welfare
Social Welfare	1,242	432	1,055
Sun Lei [Member]
Salaries
Salaries	772,000
Li Huidan [Member]
Salaries
Salaries	772,000
Lixia Tu [Member]
Salaries
Salaries		237,880	232,144
John Sano [Member]
Salaries
Salaries		10,350	18,600
Themis Kalapotharakos [Member]
Salaries
Salaries		82,800	148,800
Matthew Los [Member]
Salaries
Salaries		82,800	148,800
Zhongmin Zhang [Member]
Salaries
Salaries		10,350	18,600
Yuet Mei Chan [Member]
Salaries
Salaries		$ 10,350	$ 18,600

Loss Per Share (Details) - Sche

Loss Per Share (Details) - Schedule of loss per share - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Basic Loss Per Share Numerator
Profit for the year attributable to owners of the Company (in Dollars)	$ (37,215,483)	$ (5,667,417)	$ (104,405)
Diluted Loss Per Share Numerator
Profit for the year attributable to owners of the Company (in Dollars)	$ (37,215,483)	$ (5,667,417)	$ (104,405)
Basic Loss Per Share Denominator
Original shares:	3,408,646	2,591,299	2,271,299
Additions from actual events:
- Issuance of common stock, weighted	1,115,699	121,229	246,192
Basic weighted average shares outstanding	4,524,345	2,712,528	2,517,491
Diluted Loss Per Share Denominator
Basic weighted average shares outstanding	4,524,345	2,712,528	2,517,491
Dilutive shares: Potential additions from dilutive events:
- Exercise of investor warrants
Diluted Weighted Average Shares Outstanding:	4,524,345	2,712,528	2,517,491
Loss Per Share
- Basic (in Dollars per share)	$ (8.23)	$ (2.09)	$ 0
- Diluted (in Dollars per share)	$ (8.23)	$ (2.09)	$ 0
Weighted Average Shares Outstanding
- Basic	4,524,345	2,712,528	2,517,491
- Diluted	4,524,345	2,712,528	2,517,491

Property, Plant and Equipment_2

Property, Plant and Equipment (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Disclosure of property, plant and equipment [text block] [Abstract]
Impairment loss	$ (48,859)

Property, Plant and Equipment_3

Property, Plant and Equipment (Details) - Schedule of owner-occupied property - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
COST
Balance at beginning	$ 8,734,955	$ 19,041,720
Additions	3,324,899	25,578
Disposals	(1,282,224)	(657,790)
Reclassification to investment property	(5,487,395)	(10,983,012)
Translation adjustment	188,543	1,308,459
Balance at ending	5,478,778	8,734,955
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(5,897,346)	(12,957,754)
Provided for the year	(217,243)	(400,022)
Eliminated upon disposal of assets	1,185,439	592,769
Depreciation reclassified to investment property	1,602,628	1,761,758
Impairment reclassified to investment property	1,792,237	5,996,302
Impairment	(48,859)
Translation adjustment	(97,022)	(890,399)
Balance at ending	(1,680,166)	(5,897,346)
CARRYING AMOUNT
Ending balance	3,798,612	2,837,609
Plant [Member]
COST
Balance at beginning	7,191,993	16,984,763
Additions	2,311,212	23,127
Disposals
Reclassification to investment property	(5,487,395)	(10,983,012)
Translation adjustment	150,063	1,167,115
Balance at ending	4,165,873	7,191,993
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(4,459,340)	(11,134,883)
Provided for the year	(186,439)
Eliminated upon disposal of assets
Depreciation reclassified to investment property	1,602,628	1,761,758
Impairment reclassified to investment property	1,792,237	5,996,302
Impairment	(48,859)
Translation adjustment	(74,928)	(765,139)
Balance at ending	(1,374,701)	(4,459,340)
CARRYING AMOUNT
Ending balance	2,791,172	2,732,653
Machinery [Member]
COST
Balance at beginning	45,324	600,620
Additions
Disposals	(45,876)	(596,568)
Reclassification to investment property
Translation adjustment	552	41,272
Balance at ending		45,324
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(45,324)	(530,840)
Provided for the year		(20,777)
Eliminated upon disposal of assets	45,876	542,770
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment	(552)	(36,477)
Balance at ending		(45,324)
CARRYING AMOUNT
Ending balance
Office equipment [Member]
COST
Balance at beginning	137,150	133,486
Additions	11,332	2,451
Disposals	(20,638)	(7,959)
Reclassification to investment property
Translation adjustment	3,642	9,172
Balance at ending	131,486	137,150
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(135,065)	(109,220)
Provided for the year	(773)	(25,503)
Eliminated upon disposal of assets	18,171	7,163
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment	(3,462)	(7,505)
Balance at ending	(121,129)	(135,065)
CARRYING AMOUNT
Ending balance	10,357	2,086
Motor vehicles [Member]
COST
Balance at beginning	33,800	80,777
Additions	999,829
Disposals	(34,211)	(52,528)
Reclassification to investment property
Translation adjustment	15,632	5,551
Balance at ending	1,015,050	33,800
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(30,609)	(67,925)
Provided for the year	(20,856)	(190)
Eliminated upon disposal of assets	30,982	42,174
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment	(691)	(4,668)
Balance at ending	(21,174)	(30,609)
CARRYING AMOUNT
Ending balance	993,876	3,191
Furniture and fixtures [Member]
COST
Balance at beginning	160,979	151,317
Additions	2,526
Disposals	(1,591)	(735)
Reclassification to investment property
Translation adjustment	4,455	10,397
Balance at ending	166,369	160,979
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(159,973)	(141,745)
Provided for the year	(57)	(9,150)
Eliminated upon disposal of assets	1,263	662
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment	(4,395)	(9,740)
Balance at ending	(163,162)	(159,973)
CARRYING AMOUNT
Ending balance	3,207	1,006
Leasehold improvements-factories and offices [Member]
COST
Balance at beginning	896,680	839,026
Additions
Disposals	(907,602)
Reclassification to investment property
Translation adjustment	10,922	57,654
Balance at ending		896,680
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(798,006)	(721,410)
Provided for the year	(9,118)	(27,024)
Eliminated upon disposal of assets	816,842
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment	(9,718)	(49,572)
Balance at ending		(798,006)
CARRYING AMOUNT
Ending balance		98,675
Leasehold improvements-shops [Member]
COST
Balance at beginning	269,029	251,731
Additions
Disposals	(272,306)
Reclassification to investment property
Translation adjustment	3,277	17,298
Balance at ending		269,029
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(269,029)	(251,731)
Provided for the year
Eliminated upon disposal of assets	272,305
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment	(3,276)	(17,298)
Balance at ending		(269,029)
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 their estimated useful lives of the assets	12 Months Ended
	Dec. 31, 2021
Plant [Member]
Property, Plant and Equipment (Details) - Schedule of straight-line basis for all property, plant and equipment over their estimated useful lives of the assets [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 their estimated useful lives of the assets [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 their estimated useful lives of the assets [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 their estimated useful lives of the assets [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 their estimated useful lives of the assets [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 their estimated useful lives of the assets [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 their estimated useful lives of the assets [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 their estimated useful lives of the assets [Line Items]
Useful life	1.5 years
Residual value

Property, Plant and Equipment_5

Property, Plant and Equipment (Details) - Schedule of plant and building include buildings	12 Months Ended
	Dec. 31, 2021
Jinxi Town, Longshan Road, Taihu City, Anhui Province, the PRC [Member]
Property, Plant and Equipment (Details) - Schedule of plant and building include buildings [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 and building include buildings [Line Items]
Description	Factory
Gross area (m2)	22,292
8-101 Bojingwan Beiyuan, Hexi District, Tianjing, the PRC [Member]
Property, Plant and Equipment (Details) - Schedule of plant and building include buildings [Line Items]
Description	Office
Gross area (m2)	242

Property, Plant and Equipment_6

Property, Plant and Equipment (Details) - Schedule of fair value approximated carry amounts, being the initial cost to acquire these investment properties - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
COST [Member]
Property, Plant and Equipment (Details) - Schedule of fair value approximated carry amounts, being the initial cost to acquire these investment properties [Line Items]
Opening balance at 1 January	$ 24,118,655	$ 12,291,058
Acquisitions
Capitalized subsequent expenditure
Classified as held for sale or disposals
Transfer (to)/from inventories and owner-occupied property	5,487,395	10,983,012
Translation adjustment	748,918	(844,585)
Closing balance at 31 December	30,354,968	24,118,655
DEPRECIATION AND IMPAIRMENT
Property, Plant and Equipment (Details) - Schedule of fair value approximated carry amounts, being the initial cost to acquire these investment properties [Line Items]
Opening balance at 1 January	(15,844,460)	(7,191,880)
Provided for the year	(540,273)	(400,328)
Eliminated upon disposal of assets
Impairment for the year	(2,673,131)
Transfer to/(from) inventories and owner-occupied property	(3,394,864)	(7,758,060)
Translation adjustment	(537,712)	(494,192)
Closing balance at 31 December	(22,990,440)	(15,844,460)
Carrying Amount [Member]
Property, Plant and Equipment (Details) - Schedule of fair value approximated carry amounts, being the initial cost to acquire these investment properties [Line Items]
Closing balance at 31 December	$ 7,364,527	$ 8,274,195

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, 2021	Dec. 31, 2020
Schedule of prepayments and premiums under operating leases [Abstract]
Beginning balance, At January 1	$ 2,419,900	$ 2,336,471
additions for the year	3,411	21,739
charge for the year	(81,474)	(94,699)
translation adjustment	65,572	156,389
Ending balance, At December 31	$ 2,407,409	$ 2,419,900

Prepayments and Premiums Unde_4

Prepayments and Premiums Under Operating Leases (Details) - Schedule of analyzed for reporting - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Schedule of analyzed for reporting [Abstract]
Current asset	$ 82,714	$ 80,494
Non-current asset	2,324,695	2,339,406
Total	$ 2,407,409	$ 2,419,900	$ 2,336,471

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
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
Kaixin Anhui [Member]
Prepayment for Construction of New Plant (Details) [Line Items]
Prepayment for construction			$ 9,747,897	$ 6,363,853

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, 2021USD ($)
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, 2021USD ($)
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, 2021
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, 2021	Dec. 31, 2020
COST
Beginning balance, At January 1	$ 734,990	$ 687,732
additions for the year
translation adjustment	20,277	47,258
Ending balance, At December 31	755,267	734,990
AMORTIZATION
Beginning balance, At January 1	(130,020)	(107,832)
charge for the year	(14,958)	(13,980)
Impairment	(222,989)
translation adjustment	(7,209)	(8,208)
Ending balance, At December 31	(375,176)	(130,020)
CARRYING AMOUNTS
Land use rights	$ 380,091	$ 604,970

Land Use Rights (Details) - S_2

Land Use Rights (Details) - Schedule of location	12 Months Ended
	Dec. 31, 2021
Longshan 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
Longshan 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, 2021	Dec. 31, 2020
Schedule of Inventories [Abstract]
Raw materials	$ 773,180	$ 1,247,087
Finished goods	392,018	607,911
Provision for obsolete inventories	(1,302)
Inventories	$ 1,163,896	$ 1,854,998

Trade Receivables, Other Rece_3

Trade Receivables, Other Receivables and Prepayments (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
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	$ 11,215,912	$ 4,923,646
Trade receivables	$ 2,180,406	$ 1,874,193

Trade Receivables, Other Rece_4

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of trade receivables - Trade receivables [member] - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of trade receivables [Line Items]
Trade receivables	$ 18,952,763	$ 16,276,263
Bad debt provision for trade receivables	(11,215,912)	(4,923,646)
Trade receivables, net	$ 7,736,851	$ 11,352,617

Trade Receivables, Other Rece_5

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of other receivables - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of other receivables [Abstract]
Other receivables	$ 344,437	$ 124,684
Prepayments	1,983,685	1,424,317
Trade and other receivables	$ 2,328,122	$ 1,549,001

Trade Receivables, Other Rece_6

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables [Line Items]
Trade receivables	$ 18,952,763	$ 16,276,263
Current [Member]
Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables [Line Items]
Trade receivables	2,629,433	5,223,618
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	1,411,252	3,852,158
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	$ 14,912,078	$ 7,200,487

Trade Receivables, Other Rece_7

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of provision for doubtful debts - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
Schedule of provision for doubtful debts [Abstract]
As at January 1	$ 4,923,646	$ 2,299,558
Provision provided in the year	6,076,620	2,334,410
Translation adjustment	215,646	289,678
As at December 31	$ 11,215,912	$ 4,923,646

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details)	Dec. 31, 2021	Dec. 31, 2020
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, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash on hand	$ 9,470	$ 6,603
Bank deposits	12,905,444	16,590,797
Other monetary funds		23,890
Cash and cash equivalents	12,914,914	16,621,290	$ 20,620,478	$ 21,026,103
Renminbi [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents	12,914,834	16,620,458
Hong Kong Dollars [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents	80	12
United States Dollars [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents		820
Total [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents	$ 12,914,914	$ 16,621,290

Trade and Other Payables (Detai

Trade and Other Payables (Details) - Schedule of trade and other payables - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of trade and other payables [Abstract]
Trade payables	$ 297,033	$ 276,719
Employee benefits payable	148,232	149,358
Accrual and other payables	1,811,262	1,816,095
Subtotal financial liabilities	2,256,527	2,242,172
Other taxes payable	3,098,596	3,114,370
Trade and other payables	$ 5,355,123	$ 5,356,542

Trade and Other Payables (Det_2

Trade and Other Payables (Details) - Schedule of aging analysis of trade payables - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	$ 297,033	$ 276,719
Current [Member]
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	294,938	275,569
Past due for less than 4 months [Member]
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	2,046	1,103
Past due for over 4 months [Member]
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	$ 49	$ 47

Related Parties Payable (Detail

Related Parties Payable (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Feb. 12, 2021
Related Parties Payable (Details) [Line Items]
Shares issued	550,000
Repurchase loan (in Dollars)	$ 809,551	$ 809,551
Mr.Yan [Member]
Related Parties Payable (Details) [Line Items]
Shares issued	674,626

Related Parties Payable (Deta_2

Related Parties Payable (Details) - Schedule of nature of relationship with related parties	12 Months Ended
	Dec. 31, 2021
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
Sun, Lei [Member]
Related Parties Payable (Details) - Schedule of nature of relationship with related parties [Line Items]
Relationship with the Group	Chief Executive Officer
Li Huidan [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

Related Parties Payable (Deta_3

Related Parties Payable (Details) - Schedule of significant balances between group and related parties - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Related Parties Payable (Details) - Schedule of significant balances between group and related parties [Line Items]
Borrowing of funds	$ 467,568	$ 1,132,811
Yan, Keyan [Member]
Related Parties Payable (Details) - Schedule of significant balances between group and related parties [Line Items]
Borrowing of funds	36,697	826,422
Sun, Lei [Member]
Related Parties Payable (Details) - Schedule of significant balances between group and related parties [Line Items]
Borrowing of funds	$ 430,871	$ 306,389

Related Parties Payable (Deta_4

Related Parties Payable (Details) - Schedule of issued share	Dec. 31, 2021USD ($)shares
Related Parties Payable (Details) - Schedule of issued share [Line Items]
Shares issued | shares	550,000
Value | $	$ 2,123,000
Yan, Keyan [Member]
Related Parties Payable (Details) - Schedule of issued share [Line Items]
Shares issued | shares	150,000
Value | $	$ 579,000
Sun, Lei [Member]
Related Parties Payable (Details) - Schedule of issued share [Line Items]
Shares issued | shares	200,000
Value | $	$ 772,000
Li Huidan [Member]
Related Parties Payable (Details) - Schedule of issued share [Line Items]
Shares issued | shares	200,000
Value | $	$ 772,000

Short-Term Bank Loans (Details)

Short-Term Bank Loans (Details) - Schedule of short-term bank loans - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Schedule of short-term bank loans [Abstract]
Secured bank borrowings	$ 1,180,656	$ 1,148,959
Carrying amount repayable within 1 year	$ 1,180,656	$ 1,148,959

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, 2021	Dec. 31, 2020
Short-Term Bank Loans (Details) - Schedule of borrowings fixed-rate and denominated in RMB [Line Items]
Amount	$ 1,180,656	$ 1,148,959
Period [Member] | Bank loans [Member]
Short-Term Bank Loans (Details) - Schedule of borrowings fixed-rate and denominated in RMB [Line Items]
Amount	$ 1,180,656
Interest rate	5.39%
Mortgage	Land use right and buildings
Personal guarantee	Yan, Keyan/Chen, Bizhen

Rights (Details)

Rights (Details) - USD ($)	Mar. 12, 2021	Dec. 31, 2021
Dividend Distribution Of One Rights [Abstract]
Par value per share	$ 0.0001
Exercise price	$ 50
Share of preferred stock	$ 0.00667
Acquires percentage		15.00%
Shares issued		4,233,272
Shares outstanding		4,233,272

Rights (Details) - Schedule of

Rights (Details) - Schedule of inputs to the black-scholes model	12 Months Ended
	Dec. 31, 2021$ / shares
Schedule of inputs to the black-scholes model [Abstract]
Exercise price (in Dollars per share)	$ 50
Dividend yield
Risk-free rate	1.54%
Expected term (in years)	10 years
Expected volatility	79.68%

Share Capital and Share Premi_3

Share Capital and Share Premium (Details) - USD ($)

12 Months Ended

Dec. 31, 2021

Dec. 08, 2021

Nov. 15, 2021

Nov. 01, 2021

Oct. 19, 2021

Oct. 01, 2021

Sep. 07, 2021

Sep. 01, 2021

Jun. 04, 2021

Apr. 08, 2021

Mar. 04, 2021

Feb. 12, 2021

Dec. 21, 2020

Sep. 01, 2020

Share Capital and Share Premium (Details) [Line Items]

Shares issued

674,626

325,000

Shares issued for services

150,000,000

Common stocks, par value (in Dollars per share)

$ 0.0001

Repurchase of loan (in Dollars)

$ 809,551

$ 809,551

Share issued

120,000

260,000

260,000

360,000

650,000

16,621

150,000

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

Series A Convertible Preferred Stock [Member]

Share Capital and Share Premium (Details) [Line Items]

Preferred stock, par value (in Dollars per share)

$ 1

Shares issued

1,500,000

Subscription proceeds (in Dollars)

$ 1,500,000

Series C Convertible Preferred Stock [Member]

Share Capital and Share Premium (Details) [Line Items]

Preferred stock, par value (in Dollars per share)

$ 10

Subscription proceeds (in Dollars)

$ 1,500,000

Preferred stock share issued

150,000

Series D Convertible Preferred Stock [Member]

Share Capital and Share Premium (Details) [Line Items]

Preferred stock, par value (in Dollars per share)

$ 0.0001

Preferred stock share issued

100,000

Number of shares reserved for issue under options and contracts for sale of shares

3,900,000

Series D Convertible Preferred Stock [Member] | Common stock [Member]

Share Capital and Share Premium (Details) [Line Items]

Preferred stock, par value (in Dollars per share)

$ 0.0001

Preferred Stock [Member]

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

Share Capital and Share Premi_4

Share Capital and Share Premium (Details) - Schedule of group's share capital - shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Number of shares [Member]
Share Capital and Share Premium (Details) - Schedule of group's share capital [Line Items]
Shares outstanding	5,899,893	3,408,646	2,591,299
Authorized Common shares	150,000,000
Issue and fully paid common shares	5,899,893	3,408,646	2,591,299
Issuance of shares	2,491,247	817,347
Issuance of rights
Share capital [Member]
Share Capital and Share Premium (Details) - Schedule of group's share capital [Line Items]
Shares outstanding	590	341	259
Authorized Common shares	15,000
Issue and fully paid common shares	590	341	259
Issuance of shares	249	82
Issuance of rights
Share premium [member]
Share Capital and Share Premium (Details) - Schedule of group's share capital [Line Items]
Shares outstanding	24,719,793	11,312,643	9,199,779
Authorized Common shares
Issue and fully paid common shares	24,719,794	11,312,643	9,199,779
Issuance of shares	6,257,155	2,112,864
Issuance of rights	7,149,995

Share Capital and Share Premi_5

Share Capital and Share Premium (Details) - Schedule of group's share capital (Parentheticals) - Number of shares [Member] - $ / shares	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019
Share Capital and Share Premium (Details) - Schedule of group's share capital (Parentheticals) [Line Items]
Authorized Common shares	$ 0.0001
Issue and fully paid common shares	$ 0.0001	$ 0.0001	$ 0.0001

Share Capital and Share Premi_6

Share Capital and Share Premium (Details) - Schedule of series A, C and D Convertible Preferred Stock converted certain preferred stock to common stock	12 Months Ended
	Dec. 31, 2021USD ($)shares
Preferred A [Member]
Share Capital and Share Premium (Details) - Schedule of series A, C and D Convertible Preferred Stock converted certain preferred stock to common stock [Line Items]
Beginning balance shares | shares
Beginning balance amount | $
New issued during the year shares | shares	1,500,000
New issued during the year amount | $	$ 1,500,000
Converted to common stock shares | shares	(260,000)
Converted to common stock amount | $	$ (260,000)
Ending balance shares | shares	1,240,000
Ending balance amount | $	$ 1,240,000
Preferred C [Member]
Share Capital and Share Premium (Details) - Schedule of series A, C and D Convertible Preferred Stock converted certain preferred stock to common stock [Line Items]
Beginning balance shares | shares
Beginning balance amount | $
New issued during the year shares | shares	150,000
New issued during the year amount | $	$ 1,500,000
Converted to common stock shares | shares
Converted to common stock amount | $
Ending balance shares | shares	150,000
Ending balance amount | $	$ 1,500,000
Preferred D [Member]
Share Capital and Share Premium (Details) - Schedule of series A, C and D Convertible Preferred Stock converted certain preferred stock to common stock [Line Items]
Beginning balance shares | shares
Beginning balance amount | $
New issued during the year shares | shares	100,000
New issued during the year amount | $	$ 3,900,000
Converted to common stock shares | shares	(20,000)
Converted to common stock amount | $	$ (780,000)
Ending balance shares | shares	80,000
Ending balance amount | $	$ 3,120,000

Reserve (Details)

Reserve (Details) - USD ($)	12 Months Ended
	Dec. 31, 2021	Dec. 31, 2020
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) $ in Millions	12 Months Ended
	Dec. 31, 2021USD ($)
Disclosure Of Risk Management And Fair Values [Abstract]
Average appreciation (depreciation) foreign currency, description	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.
Accumulated other comprehensive loss	$ (2.1)
Description of concentrations risk	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, 2021 (2020: 41%).

Risk Management and Fair Valu_4

Risk Management and Fair Values (Details) - Schedule of capital requirements - USD ($)	Dec. 31, 2021	Dec. 31, 2020	Dec. 31, 2019	Dec. 31, 2018
Schedule of capital requirements [Abstract]
Total borrowing	$ 1,180,656	$ 1,148,959
Less: cash and cash equivalents	(12,914,914)	(16,621,290)	$ (20,620,478)	$ (21,026,103)
Net debt	(11,734,258)	(15,472,331)
Total equity	30,872,341	54,531,662
Total capital	$ 19,138,083	$ 39,059,331
Gearing ratio	(38.00%)	(28.00%)

Risk Management and Fair Valu_5

Risk Management and Fair Values (Details) - Schedule of liquidity risk - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Risk Management and Fair Values (Details) - Schedule of liquidity risk [Line Items]
Short-term bank loans and related interests	$ 1,180,656	$ 1,148,959
Trade and other payables	5,355,123	5,356,542
Related parties payables	467,568	1,132,811
Total	7,003,347	7,638,312
Within 1 year [Member]
Risk Management and Fair Values (Details) - Schedule of liquidity risk [Line Items]
Short-term bank loans and related interests	1,180,656	1,148,959
Trade and other payables	5,355,123	5,356,542
Related parties payables	467,568	1,132,811
Total	7,003,347	7,638,312
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, 2021
Disclosure of commitments and contingent liabilities [text block] [Abstract]
Description of leases	The amount of $113,095 as of December 31, 2021 represents leases of 3 offices 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 29.
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, 2021USD ($)	Dec. 31, 2021CNY (¥)	Dec. 31, 2020USD ($)	Dec. 31, 2020CNY (¥)
Schedule of capital commitments [Abstract]
Contracted and authorized	$ 69,399,168	¥ 440,851,273	$ 63,193,611	¥ 440,851,273

Commitments and Contingencies_4

Commitments and Contingencies (Details) - Schedule of lease commitments - USD ($)	Dec. 31, 2021	Dec. 31, 2020
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	$ 2,437,788	$ 2,424,955
Office [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	2,407,407	2,416,529
Within 1 year [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	113,095	85,549
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	82,714	77,123
2-5 years [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	330,856	231,370
Thereafter [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	1,993,837	2,108,036
Thereafter [Member] | Office [Member]
Commitments and Contingencies (Details) - Schedule of lease commitments [Line Items]
Minimum lease payments payable under non-cancellable operating lease	1,993,837	2,108,036
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	$ 330,856	$ 231,370