JX Luxventure Limited (JXG) 20-F/A 15 May 23 2022 FY Annual report (foreign) (amended) Financial data

Document And Entity Information

Document And Entity Information	12 Months Ended
	Dec. 31, 2022 shares
Document Information Line Items
Entity Registrant Name	JX Luxventure Ltd
Trading Symbol	JXJT
Document Type	20-F/A
Current Fiscal Year End Date	--12-31
Entity Common Stock, Shares Outstanding	6,063,192
Amendment Flag	true
Amendment Description	This Amendment No. 1 to the annual report on Form 20-F of JX Luxventure Limited (the “Company,” “we,” “our,” or “us”) amends the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2022 (the “Original 20-F”), which was filed with the U.S. Securities and Exchange Commission on May 12, 2023. The Company is filing this Amendment No. 1 solely to furnish the Interactive Data File disclosure as Exhibit 101 in accordance with Rule 405 of Regulation S-T, which was not included in the Original 20-F.  Exhibit 101 includes information about the Company in eXtensible Business Reporting Language (XBRL).This Amendment No. 1 consists solely of the cover page, this explanatory note, the signature page, and Exhibit 101. The remainder of the Original 20-F is unchanged and has therefore been omitted. No changes have occurred since the filing of the Original 20-F. Accordingly, this Amendment No. 1 should be read in conjunction with the Original 20-F.
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, 2022
Document Fiscal Year Focus	2022
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	Onestop Assurance PAC
Auditor Location	Singapore
Auditor Firm ID	6732
Business Contact
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, 2022	Dec. 31, 2021	Dec. 31, 2020
Profit or loss [abstract]
Revenue	$ 79,874,727	$ 54,040,948	$ 1,335,374
Cost of sales	(78,410,244)	(53,193,237)	(1,168,808)
Gross profit	1,464,483	847,711	166,566
Other income	16,636	34,793	3,122
Other losses	(98,650)	(17,325)
Distribution and selling expenses	(721,388)	(1,353,843)
Administrative expenses	(56,043,741)	(6,858,210)	(1,164,981)
(Loss)/profit from operations	(55,382,660)	(7,346,874)	(995,293)
Finance costs
(Loss)/profit before tax	(55,382,660)	(7,346,874)	(995,293)
Income tax income/(expense)	(621)	(5,495)
Loss before discontinued operations	(55,383,281)	(7,352,369)	(995,293)
Discontinued operation:
Discontinued operation loss	(8,915,414)	(29,863,114)	(4,672,124)
Loss on disposal of discontinued operation	(9,193,736)
Loss for the year	(73,492,431)	(37,215,483)	(5,667,417)
Other comprehensive loss
- currency translation differences	(402,573)	1,438,756	3,641,747
Total comprehensive loss for the year	$ (73,895,004)	$ (35,776,727)	$ (2,025,670)
Loss per share of common stock attributable to the Company
- Basic (in Dollars per share)	$ (43.7)	$ (82.3)	$ (20.9)
- Diluted (in Dollars per share)	$ (43.7)	$ (82.3)	$ (20.9)
Weighted average shares outstanding:
- Basic (in Shares)	1,681,547	452,345	271,253
- Diluted (in Shares)	1,681,547	452,345	271,253

Consolidated Statements of Fina

Consolidated Statements of Financial Position - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Non-current assets
Property, plant and equipment-net	$ 2,789,704	$ 3,798,612
Investment property-net		7,364,527
Prepayments and premiums under operating leases		2,324,695
Land use rights		380,091
Long-term receivable	7,000,000
Non-current assets	9,789,704	13,867,925
Current assets
Inventories	444,551	1,163,896
Trade receivables		7,736,851
Other receivables and prepayments	5,501,106	2,328,122
Prepayments and premiums under operating leases		82,714
Cash and cash equivalents	520,916	12,914,914
Current assets	6,466,573	24,226,497
Total assets	16,256,277	38,094,422
Current liabilities
Short term bank loans		1,180,656
Trade and other payables	1,319,076	5,355,123
Due to related parties	2,611,097	467,568
Contract liabilities		218,734
Income tax payable	212
Current liabilities	3,930,385	7,222,081
Total liabilities	3,930,385	7,222,081
Equity
Share capital	6,063	590
Series A equity interest with preferential rights	1,240,000	1,240,000
Series C equity interest with preferential rights	1,500,000	1,500,000
Series D equity interest with preferential rights	3,120,000	3,120,000
Share premium	77,959,554	24,719,794
Other reserve	6,269,108	184,272
Statutory surplus reserve		6,084,836
Retained profits / (accumulated deficit)	(77,451,517)	(3,959,086)
Foreign currency translation reserve	(317,316)	(2,018,065)
Total equity	12,325,892	30,872,341
Total liabilities and equity	$ 16,256,277	$ 38,094,422

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, 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					(37,215,483)					(37,215,483)
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	(3,959,085)	(2,018,065)	1,500,000	3,120,000	1,240,000	30,872,341
Shares issued for stock based compensation	5,473	53,239,760								53,245,233
Disposal of subsidiaries			6,084,836	(6,084,836)		2,103,322				2,103,322
Loss for the year					(73,492,431)					(73,492,431)
Other comprehensive loss for the year						(402,573)				(402,573)
Balance at Dec. 31, 2022	$ 6,063	$ 77,959,554	$ 6,269,108		$ (77,451,517)	$ (317,316)	$ 1,500,000	$ 3,120,000	$ 1,240,000	$ 12,325,892

Consolidated Statements of Cash

Consolidated Statements of Cash Flows - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
OPERATING ACTIVITIES
Loss for the year	$ (73,492,431)	$ (37,215,483)	$ (5,667,417)
Adjustments for:
Share-based compensation	53,245,233	4,407,853	700,250
Finance cost		58,726	62,383
Interest income	(22)	(33,717)	(54,544)
Depreciation of property, plant and equipment & investment property	729,393	757,516	771,130
Amortization of intangible assets	7,477	14,958	13,980
Amortization of prepayments and premiums paid under operating leases	66,748	81,474	94,699
Provision/ (reversal) of inventory obsolescence	204,392	1,283	(42,884)
Bad debt provision of trade receivables	4,991,808	6,076,620	2,334,410
Loss/(gain) on disposal of property, plant and equipment	402	97,378	45,807
Provision of impairment loss in property, plant and equipment & investment property		2,944,979
loss on disposal of subsidiary	9,193,736	(30,642)
Operating cash flows before movements in working capital	(5,053,264)	(22,839,055)	(1,742,186)
(Increase)/ decrease in trade and other receivables	(545,788)	(3,284,084)	(2,492,940)
(Increase)/ decrease in inventories	438,849	547,593	(267,472)
Prepayments and premiums paid under operating leases	(3,267)	(3,411)	210,901
Increase/ (decrease) in trade and other payables	262,510	515,003	(579,948)
Increase/ (decrease) in income tax payable	(56,451)	(175,469)	(92,321)
(Increase)/ decrease in deferred tax assets		17,463,604	(1,556,824)
NET CASH USED IN OPERATING ACTIVITIES	(4,957,411)	(7,775,819)	(6,520,790)
INVESTING ACTIVITIES
Interest received	21	33,717	54,544
Cash from acquisition of subsidiaries			561,424
Cash increase/ (decrease) due to disposal of a subsidiary	(9,442,759)	6,612
Proceeds on disposal of property, plant and equipment		5,400	15,704
Purchase of property, plant and equipment	(1,008)	(3,324,900)	(24,198)
NET CASH FROM INVESTING ACTIVITIES	(9,443,746)	(3,279,171)	607,474
FINANCING ACTIVITIES
Interest paid		(58,726)	(62,383)
New bank loans raised			2,173,882
Repayment of borrowings			(2,173,882)
Advance from related party	2,220,098	117,697	909,237
Preferred stock subscription		6,900,000
NET CASH FROM FINANCING ACTIVITIES	2,220,098	6,958,971	846,854
NET DECREASE IN CASH AND CASH EQUIVALENTS	(12,181,059)	(4,096,019)	(5,066,462)
Effects of currency translation	(212,939)	389,643	1,067,274
CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR	12,914,914	16,621,290	20,620,478
CASH AND CASH EQUIVALENTS AT END OF YEAR	$ 520,916	$ 12,914,914	$ 16,621,290

General Information

General Information	12 Months Ended
	Dec. 31, 2022
Disclosure Of General Information [Abstract]
GENERAL INFORMATION	1. GENERAL INFORMATION On January 26, 2012, Acquisition 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. On October 19, 2022, the Company sold Hongri International Holding Limited to third party and from thereon, Hongri, France Cock, Roller Rome, Vast Billion, Hongri Fujian, Anhui Kai Xin are no longer the subsidiaries of the Company. 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 ranges 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, 2022
Disclosure Of Group Organization and Basis of Presentation of Consolidated Financial Statements [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. 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, 2022
Disclosure of Application of New and Revised International Financial Reporting Standards (“IFRS”) [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, 2022 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, 2022 in the preparation of the consolidated financial statements throughout the year. For the year ended December 31, 2022, the following new and revised standards, amendments or interpretations that have become effective during the reporting period. ● IFRS Accounting Taxonomy 2021—Update 1 Disclosure of Accounting Policies and Definition of Accounting Estimates ● IFRS Accounting Taxonomy 2021—Update 2 Technology Update ● IFRS Accounting Taxonomy 2021—Update 3 Initial Application of IFRS 17 and IFRS 9—Comparative Information 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, 2022, 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. ● Lease Liability in a Sale and Leaseback Amendments to IFRS 16 ● Non-current Liabilities with Covenants

Signifcant Accounting Policies

Signifcant Accounting Policies	12 Months Ended
	Dec. 31, 2022
Disclosure of Signifcant Accounting Policies [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, 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 December 31, 2022 USD 1.00= RMB 6.8987 USD 1.00=RMB 6.7347 Translation from HKD to USD found place at the following rates: Period end rates Average rates 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 December 31, 2022 USD 1.00= HKD 7.7970 USD 1.00=HKD 7.8305 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. Type of revenue Standard VAT rate in effect for revenues Product sales 13 % Services rendered 6 % 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 recognized in the income statement, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. In this case the tax is also recognized 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 recognize 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 recognize assets and liabilities for leases with a lease term of 12 months or less. In such cases a lessee recognizes 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 recognized 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, comprising of raw materials and merchandise 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. Cash and cash equivalents Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value. Share-based compensation expenses All share-based awards granted to employees, which are common shares, are measured at fair value on shares issuance date, and are recognized as an employee benefits expense, with a corresponding increase in equity. Share-based compensation expenses are recognized over the period during which the employees provide the relevant services. 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 Grou

Significant Management Judgemen

Significant Management Judgement in Applying Accounting Policies	12 Months Ended
	Dec. 31, 2022
Disclosure of 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. Provisions Provisions for legal claims, service warranties and make good obligations are recognized when the Company has a present legal or constructive obligation as a result of past events, it is probable that an outflow of resources will be required to settle the obligation, and the amount can be reliably estimated. Provisions are not recognized for future operating losses. Where there are a number of similar obligations, the likelihood that an outflow will be required in settlement is determined by considering the class of obligations as a whole. A provision is recognized even if the likelihood of an outflow with respect to any one item included in the same class of obligations may be small. Provisions are measured at the present value of management ’ 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, 2022 and 2021 amounted to $212 and zero respectively.

Key Sources of Estimation Uncer

Key Sources of Estimation Uncertainty	12 Months Ended
	Dec. 31, 2022
Disclosure of Key Sources of Estimation Uncertainty [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, 2022, 2021, and 2020, the Company recognized impairment losses of $ nil nil nil nil nil nil During the years ended December 31, 2022, 2021, and 2020, 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, 2022
Disclosure of Segment Reporting [Abstract]
SEGMENT REPORTING	7. SEGMENT REPORTING Management currently identifies the Group’s three sales models as operating segments, which are tourism products, technology and cross board merchandise. Apart from the above two business segments, two segments were discontinued in 2022, which are wholesale and retail of menswear and subcontracting of menswear. 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. Tourism products Technology Cross- board merchandise Consolidated For the year ended For the year ended For the year ended For the year ended December 31, December 31, December 31, December 31, By business 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 Sales to external customers 79,092,342 51,818,166 991,929 782,302 - - 83 2,222,782 343,445 79,874,727 54,040,948 1,335,374 Segment revenue 79,092,342 51,818,166 991,929 782,302 - - 83 2,222,782 343,445 79,874,727 54,040,948 1,335,374 Segment gross margins 704,391 541,889 96,578 760,028 - - 64 305,822 69,988 1,464,483 847,711 166,566 Reconciling items - - - - - - - (56,847,143 ) (8,194,585 ) (1,161,859 ) Loss before tax - - - - - - - - - (55,382,660 ) (7,346,874 ) (995,293 ) Income tax income/(expense) - - - - - - - - - (621 ) (5,495 ) - Loss for the continuing business - - - - - - - - - (55,383,281 ) (7,352,369 ) (995,293 ) Discontinued operation - - - - - - - - - (18,109,150 ) (29,863,116 ) (4,672,124 ) Loss for the year - - - - - - - - - (73,492,431 ) (37,215,483 ) (5,667,417 ) As of December 31, 2022 Wholesale and Retail Subcontracting Tourism products cross-board Unallocated Consolidated Current assets - - 369,770 2,792,929 303,874 3,466,573 Non-current assets - - 1,310 2,788,394 10,000,000 12,789,704 Total assets - - 371,080 5,581,323 10,303,874 16,256,277 Current liabilities - - 711,992 899,130 2,319,263 3,930,385 Total liabilities - - 711,992 899,130 2,319,263 3,930,385 As of December 31, 2021 Wholesale and Retail Subcontracting Tourism products 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 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, 2022 2021 2020 Customer A 74,340,429 41,767,780 - Customer B * 9,439,831 - Customer C * * 991,928 Total revenue 79,874,727 54,040,948 1,335,374 * The revenue of this customer is not over 10% of total revenue of the Company. Information about major suppliers Major suppliers that make up 10% or more of purchases are as below: Year ended December 31, 2022 2021 2020 Supplier A - - 354,710 Supplier B - - 483,879 Supplier C - 9,586,155 - Supplier D 10,562,686 15,551,014 - Supplier E 15,496,731 - - Total purchase 78,902,955 53,168,205 1,430,207

Revenue

Revenue	12 Months Ended
	Dec. 31, 2022
Disclosure of revenue [Abstract]
REVENUE	8. REVENUE Year ended December 31, 2022 2021 2020 Travel service 79,092,342 51,818,166 991,929 Technology 782,302 - - Cross-board products 83 2,222,782 343,445 Total 79,874,727 54,040,948 1,335,374 Revenues are recognized at a point in time and denominated only in USD.

Cost of Revenue

Cost of Revenue	12 Months Ended
	Dec. 31, 2022
Disclosure of Cost of Revenue [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, 2022 2021 2020 Changes in inventories of finished goods and work in progress (494,357 ) 83,112 (261,691 ) Materials consumed in production 　 - - Purchases of finished goods 201,734 1,808,963 1,430,208 Outsourced service cost 78,701,221 51,276,130 - Taxes and surcharges * 1,646 25,032 291 78,410,244 53,193,237 1,168,808 * 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, 2022
Disclosure of Other Income [Abstract]
OTHER INCOME	10. OTHER INCOME Year ended December 31, 2022 2021 2020 Government grant 1,592 - - Interest income on bank deposits 21 4 199 Other 15,023 34,789 2,923 16,636 34,793 3,122

Other Losses

Other Losses	12 Months Ended
	Dec. 31, 2022
Other Losses [Abstract]
OTHER LOSSES	11. OTHER LOSSES Year ended December 31, 2022 2021 2020 Bad debt provision of trade receivables (53,991 ) - - Impairment of long-lived assets (39,778 ) (12,500 ) - Others (4,881 ) (4,825 ) - (98,650 ) (17,325 ) -

Distribution and Selling Expens

Distribution and Selling Expenses	12 Months Ended
	Dec. 31, 2022
Distribution and Selling Expenses [Abstract]
DISTRIBUTION AND SELLING EXPENSES	12. DISTRIBUTION AND SELLING EXPENSES Year ended December 31, 2022 2021 2020 Outsourced service fee 403,458 1,212,403 - Advertisement - 140,704 - Others 317,930 736 - 721,388 1,353,843 -

Administrative Expense

Administrative Expense	12 Months Ended
	Dec. 31, 2022
Disclosure Of General And Administrative Expense Text Block Abstract
ADMINISTRATIVE EXPENSE	13. ADMINISTRATIVE EXPENSE Year ended December 31, 2022 2021 2020 Labor 53,550,086 3,155,246 832,534 Audit fee 247,782 200,000 114,400 Professional and other service fee 969,072 2,666,804 74,252 Design fee - - 2,039 Depreciation and amortization charges 299,547 21,603 - Decoration 133,502 155,665 30,275 Rental 4,661 65,724 - Travelling and entertainment 89,272 203,634 22,242 Others 749,819 389,534 89,239 56,043,741 6,858,210 1,164,981

Finance Costs

Finance Costs	12 Months Ended
	Dec. 31, 2022
Finance Costs [Abstract]
FINANCE COSTS	14. FINANCE COSTS Year ended December 31, 2022 2021 2020 Interest expenses on bank borrowings wholly repayable within one year - - - As the bank loans were disposed along with the discontinued operation in 2022, the interest expenses in connection with the bank loans are reclassified as discontinued operations.

Income Tax (Income)_ Expense

Income Tax (Income)/ Expense	12 Months Ended
	Dec. 31, 2022
Disclosure Of Income Tax [Abstract]
INCOME TAX (INCOME)/ EXPENSE	15. INCOME TAX (INCOME)/ EXPENSE Year ended December 31, 2022 2021 2020 PRC enterprises income tax: Current tax 621 5,495 - Deferred tax - - - 621 5,495 - 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%. 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, 2022 is $4,386,002. PRC entities are operating entities and may be subject to income tax and deferred tax are considered. In 2022, menswear business was disposed and the temporary difference and deferred tax were reversed accordingly. The following is the analysis of the deferred tax balances for financial reporting purposes: 2022 2021 2020 Temporary difference Deferred tax assets Temporary difference Deferred tax assets Temporary difference Deferred tax assets Beginning of the year 78,622,365 - 63,509,644 16,960,839 59,616,758 14,330,463 Bad Debt provisions charged to profit or loss - - 6,064,120 1,516,030 (2,334,410 ) 583,603 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 1,687,686 421,922 6,102,339 1,529,706 6,227,296 1,556,824 Allowance (421,922 ) (21,245,906 ) - - Reverse (75,924,049 ) - Effect of translation - - - 502,765 - 489,949 End of the year 4,386,002 - 78,622,365 - 63,509,644 16,960,839

(Loss)_Profit for the Year

(Loss)/Profit for the Year	12 Months Ended
	Dec. 31, 2022
(Loss)/Profit for the Year [Abstract]
(LOSS)/PROFIT FOR THE YEAR	16. (LOSS)/PROFIT FOR THE YEAR (continuing business) Profit for the year has been arrived at after charging: Year ended December 31, 2022 2021 2020 Cost of inventories recognized as expenses 78,408,598 53,168,205 1,168,517 Taxes and surcharges 1,646 25,032 291 78,410,244 53,193,237 1,168,808 Depreciation of property, plant and equipment 299,547 21,932 - Amortization of land use rights and trademarks - - - Amortization of prepayments and premiums under operating leases - - - Provision (Reversal) of inventory obsolescence 39,778 - - Provision of bad debt allowance 53,991 - - Provision of impairment loss in property - - - 393,316 21,932 -

Discontinued Operations

Discontinued Operations	12 Months Ended
	Dec. 31, 2022
Disclosure Of Discontinued Operations [Abstract]
Disclosure of discontinued operations [text block]	17. DISCONTINUED OPERATIONS On October 19, 2022, the Company entered into a stock purchase agreement with a Purchaser and closed the transaction pursuant to the terms of the Stock Purchase Agreement, resulting in the Company’s sale of 20,000 shares of common stock (the “Shares”) in Hongri International Holding Limited (“Hongri”), constituting all of the issued and outstanding capital stock in Hongri, in consideration for $10,000,000. The subsidiary was sold on October 19, 2022 with effect from November 1, 2022 and is reported in the current period as a discontinued operation. Financial information relating to the discontinued operation for the period to the date of disposal is set out below. a) Financial performance and cash flow information Year ended December 31, 2022 2021 2020 Revenue 1,887,410 4,960,693 9,540,775 Cost of revenue (2,183,080 ) (4,228,577 ) (7,208,923 ) Expenses (3,486,626 ) (4,353,466 ) (6,533,339 ) Other income/expenses - net (5,133,118 ) (8,778,160 ) (2,027,461 ) Profit before tax (8,915,414 ) (12,399,510 ) (6,228,948 ) Income tax - (17,463,604 ) 1,556,824 Profit after tax (8,915,414 ) (29,863,114 ) (4,672,124 ) - Net cash from operating activities (2,733,104 ) (3,872,380 ) (5,901,544 ) Net cash from investing activities - (1,926 ) (8,494 ) Net cash from financing activities - - - Net cash decrease of disposed subsidiaries (2,733,104 ) (3,874,306 ) (5,910,038 ) b) Details of sale of the subsidiary Fair value of the consideration 10,000,000 Net asset of the disposed asset (15,166,042 ) Loss on sale before reclassification of foreign currency translation reserve (5,166,042 ) Reclassification of foreign currency translation reserve (4,027,694 ) Loss on disposal of discontinued operations (9,193,736 ) Carrying amount of the investment cost of the disposed assets: Cash 8,695,890 Trade receivables 2,335,650 Other current assets 97,966 Investment property-net 6,390,022 Other long-term assets 2,890,967 Total assets 20,410,495 Short-term loan (1,087,154 ) Tax payables (2,775,363 ) Other liabilities (1,381,936 ) Total liabilities (5,244,453 ) Net assets 15,166,042

Directors' Emoluments

Directors' Emoluments	12 Months Ended
	Dec. 31, 2022
Directors' Emoluments [Abstract]
DIRECTORS’ EMOLUMENTS	18. DIRECTORS’ EMOLUMENTS The emoluments paid or payable to the directors of the Company were as follows: Year ended December 31, 2022 2021 2020 Salaries Yan Keyan - 597,669 306,466 Sun Lei 1,470,000 772,000 - Li Huidan 228,000 772,000 - Mu Ruifeng 228,000 - - Jin Yan 228,000 - - Lixia Tu - - 237,880 John Sano - - 10,350 Themis Kalapotharakos - - 82,800 Matthew Los - - 82,800 Zhongmin Zhang - - 10,350 Yuet Mei Chan - - 10,350 2,154,000 2,141,669 740,996 Social Welfare Yan Keyan - 1,242 432 - 1,242 432

Loss Per Share

Loss Per Share	12 Months Ended
	Dec. 31, 2022
Disclosure Of Earnings Per Share Text Block Abstract
LOSS PER SHARE	19. LOSS PER SHARE For the years ended December 31, 2022 2021 2020 Basic Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (73,492,431 ) $ (37,215,483 ) $ (5,667,417 ) Diluted Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (73,492,431 ) $ (37,215,483 ) $ (5,667,417 ) Basic Loss Per Share Denominator Original shares: 5,899,893 3,408,646 2,591,299 Additions from actual events: - Issuance of common stock, weighted 10,915,573 1,115,699 121,229 Basic weighted average shares outstanding 16,815,466 4,524,345 2,712,528 Diluted Loss Per Share Denominator Basic weighted average shares outstanding 16,815,466 4,524,345 2,712,528 Dilutive shares: Potential additions from dilutive events: - Exercise of investor warrants* Diluted Weighted Average Shares Outstanding: 16,815,466 4,524,345 2,712,528 Loss Per Share** - Basic $ (43.7 ) $ (82.3 ) $ (20.9 ) - Diluted $ (43.7 ) $ (82.3 ) $ (20.9 ) Weighted Average Shares Outstanding** - Basic 1,681,547 452,345 271,253 - Diluted 1,681,547 452,345 271,253 * There were no potential dilutive additions to diluted weighted shares outstanding as a result of the loss during the periods presented. ** The Company took a 1:10 reverse stock split on April 26, 2023, as a result, the basic and diluted shares and per share number for all years presented here are adjusted retrospectively.

Property, Plant and Equipment

Property, Plant and Equipment	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [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, 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 Additions - - - - 1,008 - - 1,008 Disposals (1,716,185 ) - (118,285 ) - (156,406 ) - - (1,990,876 ) Translation adjustment (289,116 ) - (7,601 ) (80,387 ) (9,481 ) - - (386,585 ) At December 31, 2022 2,160,573 - 5,600 934,663 1,489 - - 3,102,326 DEPRECIATION AND IMPAIRMENT 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 ) Provided for the year (70,084 ) - (1,817 ) (227,388 ) (258 ) - - (299,547 ) Disposal of subsidiaries 1,296,658 - 113,591 - 153,845 - - 1,564,095 Translation adjustment 79,710 - 6,935 7,083 9,270 - - 102,998 At December 31, 2022 (68,418 ) - (2,419 ) (241,479 ) (304 ) - - (312,622 ) CARRYING AMOUNT At December 31, 2021 2,791,172 - 10,357 993,876 3,207 - - 3,798,612 At December 31, 2022 2,092,155 - 3,181 693,184 1,185 - - 2,789,704 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 30 years 5% Machinery 5 years 10% Office equipment 3 years 5% Motor vehicles 4 years 5% Furniture and fixtures 3 years 5% 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 disposed along with the menswear business in 2022. Investment Properties As at December 31, 2021, fair value approximated carry amounts, being the initial cost to acquire these investment properties. COST 2021 Opening balance at 1 January 24,118,655 Acquisitions - Capitalized subsequent expenditure - Classified as held for sale or disposals - Transfer (to)/from inventories and owner-occupied property 5,487,395 Translation adjustment 748,918 Closing balance at 31 December 30,354,968 DEPRECIATION AND IMPAIRMENT 2021 Opening balance at 1 January (15,844,460 ) Provided for the year (540,273 ) Eliminated upon disposal of assets - Impairment for the year (2,673,131 ) Transfer to/(from) inventories and owner-occupied property (3,394,864 ) Translation adjustment (537,712 ) Closing balance at 31 December (22,990,440 ) CARRYING AMOUNT 2021 Closing balance at 31 December 7,364,527

Prepayments and Premiums Under

Prepayments and Premiums Under Operating Leases	12 Months Ended
	Dec. 31, 2022
Prepayments and Premiums Under Operating Leases [Abstract]
PREPAYMENTS AND PREMIUMS UNDER OPERATING LEASES	21. PREPAYMENTS AND PREMIUMS UNDER OPERATING LEASES Amount At January 1, 2021 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 additions for the year - charge for the year - disposed 2,407,409 At December 31, 2022 - Analyzed for reporting purposes as: As at December 31, 2022 2021 Current asset - 82,714 Non-current asset - 2,324,695 - 2,407,409

Long Term Receivable

Long Term Receivable	12 Months Ended
	Dec. 31, 2022
Long Term Receivable [Abstract]
LONG TERM RECEIVABLE	22. LONG TERM RECEIVABLE On October 19, 2022, the Company entered into a stock purchase agreement with a Purchaser and closed the transaction pursuant to the terms of the Stock Purchase Agreement, resulting in the Company’s sale of 20,000 shares of common stock (the “Shares”) in Hongri International Holding Limited (“Hongri”), constituting all of the issued and outstanding capital stock in Hongri, in consideration for $10,000,000. The Purchaser issued to the Company a 5% promissory note in the principal amount of $10,000,000, in payment of the Purchase Price (the “Note”). The Note is payable in four installments, on the following dates and in the following amounts: (a) $1,000,000, together with an accrued interest, is payable on or before November 19, 2022; (b) $2,000,000, together with an accrued interest, is payable on or before April 19, 2023; (c) $3,000,000, together with an accrued interest, is payable on or before April 19, 2024, and (d) the remaining $4,000,000, together with an accrued interest, is payable on or before October 19, 2024. As the 5% interest rate is very close to the market rate, the management assessed the fair value of the note receivable is $10 million as of December 31, 2022. Analyzed for reporting purposes as: As at December 31, 2022 2021 Current portion 3,000,000 - Non-current portion 7,000,000 - Total receivable 10,000,000 - As of April 24, 2023, the first two instalments of the principal amount $3,000,000 have been collected.

Prepayment for Acquisition of L

Prepayment for Acquisition of Land Use Right	12 Months Ended
	Dec. 31, 2022
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. The assets were disposed along with the menswear business in 2022, no more assets as of December 31, 2022.

Land Use Rights

Land Use Rights	12 Months Ended
	Dec. 31, 2022
Land Use Rights [Abstract]
LAND USE RIGHTS	24. LAND USE RIGHTS Amount COST At January 1, 2021 734,990 additions for the year - translation adjustment 20,277 At December 31, 2021 755,267 additions for the year - Disposed due to discontinued operation (755,267 ) At December 31, 2022 - AMORTIZATION At January 1, 2021 (130,020 ) charge for the year (14,958 ) impairment (222,989 ) translation adjustment (7,209 ) At December 31, 2021 (375,176 ) charge for the year - Disposed due to discontinued operation 375,176 At December 31, 2022 - CARRYING AMOUNTS At December 31, 2021 380,091 At December 31, 2022 - 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.

Inventories

Inventories	12 Months Ended
	Dec. 31, 2022
Inventories [Abstract]
INVENTORIES	25. INVENTORIES As at December 31, 2022 2021 Raw materials - 773,180 Merchandised goods 483,384 392,018 Provision for obsolete inventories (38,833 ) (1,302 ) 444,551 1,163,896

Trade Receivables, Other Receiv

Trade Receivables, Other Receivables and Prepayments	12 Months Ended
	Dec. 31, 2022
Trade Receivables, Other Receivables and Prepayments [Abstract]
TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAYMENTS	26. TRADE RECEIVABLES, OTHER RECEIVABLES AND PREPAYMENTS As at December 31, 2022 2021 Trade receivables 37,487 18,952,763 Bad debt provision for trade receivables (37,487 ) (11,215,912 ) - 7,736,851 As at December 31, 2022 2021 Other receivables 318,643 344,437 Long-term receivable to be collected within 1 year 3,000,000 - Prepayments 2,182,463 1,983,685 5,501,106 2,328,122 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, 2022 2021 Current - 2,629,433 Past due for less than 4 months - 1,411,252 Past due for more than 4 months 37,487 14,912,078 37,487 18,952,763 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: 2022 2021 As at January 1 11,215,912 4,923,646 Provision provided in the year 37,487 6,076,620 Reverse due to disposal of subsidiaries (11,215,912 ) Translation adjustment - 215,646 As at December 31 37,487 11,215,912

Cash and Cash Equivalents

Cash and Cash Equivalents	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
CASH AND CASH EQUIVALENTS	27. CASH AND CASH EQUIVALENTS  As at December 31, 2022 2021 Cash on hand - 9,470 Bank deposits 243,530 12,905,444 Other monetary funds 277,386 - 520,916 12,914,914 As at December 31, 2022 2021 Renminbi 520,883 12,914,834 Hong Kong Dollars 33 80 United States Dollars - - 520,916 12,914,914 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, 2022 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, 2022
Trade and Other Payables [Abstract]
TRADE AND OTHER PAYABLES	28. TRADE AND OTHER PAYABLES As at December 31, 2022 2021 Trade payables 670,965 297,033 Employee benefits payable 15,925 148,232 Accrual and other payables 632,186 1,811,262 Subtotal financial liabilities 1,319,076 2,256,527 Other taxes payable - 3,098,596 1,319,076 5,355,123 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, 2022 2021 Current - 294,938 Past due for less than 4 months 431,202 2,046 Past due for over 4 months 239,763 49 670,965 297,033 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, 2022
Related Parties Payable [Abstract]
RELATED PARTIES PAYABLE	29. RELATED PARTIES PAYABLE (1) Nature of relationship with related parties Name Relationship with the Group Yan, Keyan EX-chairman of the Board of Directors and interim Chief Financial Officer Sun, Lei Chief Executive Officer and Co-chairman of the Board of Directors Li Huidan Co-Chairman of the Board of Directors Mu Ruifeng Director Jin Yan Director (2) Significant balances between the Group and the above related parties: As at December 31, Name Nature 2022 2021 Yan, Keyan Borrowing of funds - 36,697 Li, Huidan 2,122,697 Sun, Lei Borrowing of funds 488,400 430,871 2,611,097 467,568 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 2022, the Company issued 1,000,000 shares to Sun Lei for her compensation. During 2022, the Company issued 300,000 shares to 3 Directors for their compensation as below: Name Shares issued Value Mu Ruifeng 100,000 $ 228,000 Jin Yan 100,000 228,000 Li Huidan 100,000 228,000 300,000 $ 684,000

Short-Term Bank Loans

Short-Term Bank Loans	12 Months Ended
	Dec. 31, 2022
Short-Term Bank Loans [Abstract]
SHORT-TERM BANK LOANS	30. SHORT-TERM BANK LOANS As at December 31, 2022 2021 Secured bank borrowings - 1,180,656 Carrying amount repayable within 1 year - 1,180,656

Rights

Rights	12 Months Ended
	Dec. 31, 2022
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, 2022, 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, 2022
Share Capital and Share Premium [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, 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 Issuance of shares 54,733,443 5,473 53,239,760 Shares outstanding as December 31, 2022 60,633,336 6,063 72,959,554 Number of Share Share Authorized Common shares of US$0.0001 as at December 31, 2022 150,000,000 $ 15,000 $ - 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 Issue and fully paid common shares of US$0.0001 as at December 31, 2022 60,633,336 6,063 $ 72,959,554 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 Changes - - - - - - At December 31, 2022 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 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. During 2021, all common shares were issued to employees, Directors and executives for their compensations and there is no vesting period. The fair value was determined based on the market price on the date of grant. All compensations are recorded as general and administrative expenses with a corresponding increase in equity. On April 19 and 21, 2022, the Company issued 520,000 shares each to employees for their services to the Company. On May 6, 2022, the Company issued 200,000 shares to an employee for his compensation. On May 6, 2022, the Company issued 500,000 shares to three board members in leu of their compensation. On May 16, 2022, the Company issued 3,400,000 shares to employees for their compensation. On May 26, 2022, the Company issued 1,000,000 shares to Sun Lei for her compensation. From June to September 2022, the Company issued 8,800,000 shares to employees and cancelled 6,519 shares for their compensation. From November to December 2022, the Company issued 39,999,962 shares to employees for their compensation. During 2022, all common shares were issued to employees, Directors and executives for their compensations and there is no vesting period. The fair value was determined based on the market price on the date of grant. All compensations are recorded as general and administrative expenses with a corresponding increase in equity.

Reserve

Reserve	12 Months Ended
	Dec. 31, 2022
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 nil Revaluation reserve Revaluation reserve as of December 31, 2022 and 2021 are nil Retained profits/ (accumulated deficits) The retained profits/(accumulated deficits) 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, 2022
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 Less: cash and cash equivalents (520,916 ) (12,914,914 ) Net debt (520,916 ) (11,734,258 ) Total equity 12,325,892 30,872,341 Total capital 11,804,976 19,138,083 Gearing ratio (1 )% (38 )% 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, 2022, our accumulated other comprehensive loss was $(0.06) 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, 2022, 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 recognized 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 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. 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, 2022 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, 2022 Within Over Total Short-term bank loans and related interests - - - Trade and other payables 1,319,288 - 1,319,288 Related parties payables 2,611,097 - 2,611,097 Total 3,930,385 - 3,930,385 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 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, 2022 and 2021, 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, 2022
Commitments and Contingencies [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 Contracted and authorized, in USD - 69,399,168 (2) As of December 31, 2022, the Company guaranteed a loan to a third party with maximum liability exposure of US$652,297.

Events After the Balance Sheet

Events After the Balance Sheet	12 Months Ended
	Dec. 31, 2021
Events After the Balance Sheet [Abstract]
EVENTS AFTER THE BALANCE SHEET	36. EVENTS AFTER THE BALANCE SHEET Effective on April 26, 2023, the Company’s Common Stock began trading on the Nasdaq Capital Market (“Nasdaq”) on a one-for-ten (1-for-10) reverse-split basis under the current symbol “JXJT” but with a new CUSIP number. The EPS figures showed in the financial statements are calculated based on the number of shares after reverse-split.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	12 Months Ended
	Dec. 31, 2022
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, 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 December 31, 2022 USD 1.00= RMB 6.8987 USD 1.00=RMB 6.7347 Translation from HKD to USD found place at the following rates: Period end rates Average rates 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 December 31, 2022 USD 1.00= HKD 7.7970 USD 1.00=HKD 7.8305 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. Type of revenue Standard VAT rate in effect for revenues Product sales 13 % Services rendered 6 %
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 recognized in the income statement, except to the extent that it relates to items recognized in other comprehensive income or directly in equity. In this case the tax is also recognized 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 recognize 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 recognize assets and liabilities for leases with a lease term of 12 months or less. In such cases a lessee recognizes 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 recognized 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, comprising of raw materials and merchandise 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.
Cash and cash equivalents	Cash and cash equivalents Cash and cash equivalents includes cash on hand, deposits held at call with financial institutions, other short-term, highly liquid investments with original maturities of three months or less that are readily convertible to known amounts of cash and which are subject to an insignificant risk of changes in value.
Share-based compensation expenses	Share-based compensation expenses All share-based awards granted to employees, which are common shares, are measured at fair value on shares issuance date, and are recognized as an employee benefits expense, with a corresponding increase in equity. Share-based compensation expenses are recognized over the period during which the employees provide the relevant services.
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, 2022
Disclosure Of Significant Accounting Policies [Abstract]
Schedule of functional currency	Period end rates Average rates 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 December 31, 2022 USD 1.00= RMB 6.8987 USD 1.00=RMB 6.7347 Period end rates Average rates 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 December 31, 2022 USD 1.00= HKD 7.7970 USD 1.00=HKD 7.8305
Schedule of value added tax	Type of revenue Standard VAT rate in effect for revenues Product sales 13 % Services rendered 6 %

Segment Reporting (Tables)

Segment Reporting (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of Segment Reporting [Abstract]
Schedule of operating segments gross margins	Tourism products Technology Cross- board merchandise Consolidated For the year ended For the year ended For the year ended For the year ended December 31, December 31, December 31, December 31, By business 2022 2021 2020 2022 2021 2020 2022 2021 2020 2022 2021 2020 Sales to external customers 79,092,342 51,818,166 991,929 782,302 - - 83 2,222,782 343,445 79,874,727 54,040,948 1,335,374 Segment revenue 79,092,342 51,818,166 991,929 782,302 - - 83 2,222,782 343,445 79,874,727 54,040,948 1,335,374 Segment gross margins 704,391 541,889 96,578 760,028 - - 64 305,822 69,988 1,464,483 847,711 166,566 Reconciling items - - - - - - - (56,847,143 ) (8,194,585 ) (1,161,859 ) Loss before tax - - - - - - - - - (55,382,660 ) (7,346,874 ) (995,293 ) Income tax income/(expense) - - - - - - - - - (621 ) (5,495 ) - Loss for the continuing business - - - - - - - - - (55,383,281 ) (7,352,369 ) (995,293 ) Discontinued operation - - - - - - - - - (18,109,150 ) (29,863,116 ) (4,672,124 ) Loss for the year - - - - - - - - - (73,492,431 ) (37,215,483 ) (5,667,417 )
Schedule of assets and liabilities	As of December 31, 2022 Wholesale and Retail Subcontracting Tourism products cross-board Unallocated Consolidated Current assets - - 369,770 2,792,929 303,874 3,466,573 Non-current assets - - 1,310 2,788,394 10,000,000 12,789,704 Total assets - - 371,080 5,581,323 10,303,874 16,256,277 Current liabilities - - 711,992 899,130 2,319,263 3,930,385 Total liabilities - - 711,992 899,130 2,319,263 3,930,385 As of December 31, 2021 Wholesale and Retail Subcontracting Tourism products 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
Schedule of major distributors revenue	Year ended December 31, 2022 2021 2020 Customer A 74,340,429 41,767,780 - Customer B * 9,439,831 - Customer C * * 991,928 Total revenue 79,874,727 54,040,948 1,335,374 * The revenue of this customer is not over 10% of total revenue of the Company.
Schedule of major suppliers purchases	Year ended December 31, 2022 2021 2020 Supplier A - - 354,710 Supplier B - - 483,879 Supplier C - 9,586,155 - Supplier D 10,562,686 15,551,014 - Supplier E 15,496,731 - - Total purchase 78,902,955 53,168,205 1,430,207

Revenue (Tables)

Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of revenue [Abstract]
Schedule of revenue	Year ended December 31, 2022 2021 2020 Travel service 79,092,342 51,818,166 991,929 Technology 782,302 - - Cross-board products 83 2,222,782 343,445 Total 79,874,727 54,040,948 1,335,374

Cost of Revenue (Tables)

Cost of Revenue (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of Cost of Revenue [Abstract]
Schedule of cost of sales for our retail and wholesale of garment business	Year ended December 31, 2022 2021 2020 Changes in inventories of finished goods and work in progress (494,357 ) 83,112 (261,691 ) Materials consumed in production 　 - - Purchases of finished goods 201,734 1,808,963 1,430,208 Outsourced service cost 78,701,221 51,276,130 - Taxes and surcharges * 1,646 25,032 291 78,410,244 53,193,237 1,168,808 * Tax and surcharges are mainly Urban Maintenance and Construction Tax (7% of Valued Added Tax payment amount), Extra Charges of Education Fund (3% of Valued Added Tax payment amount) and Local Surcharge for Education Fund (2% of Valued Added Tax payment amount).

Other Income (Tables)

Other Income (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure of Other Income [Abstract]
Schedule of other income	Year ended December 31, 2022 2021 2020 Government grant 1,592 - - Interest income on bank deposits 21 4 199 Other 15,023 34,789 2,923 16,636 34,793 3,122

Other Losses (Tables)

Other Losses (Tables)	12 Months Ended
	Dec. 31, 2022
Other Losses [Abstract]
Schedule of other losses	Year ended December 31, 2022 2021 2020 Bad debt provision of trade receivables (53,991 ) - - Impairment of long-lived assets (39,778 ) (12,500 ) - Others (4,881 ) (4,825 ) - (98,650 ) (17,325 ) -

Distribution and Selling Expe_2

Distribution and Selling Expenses (Tables)	12 Months Ended
	Dec. 31, 2022
Distribution and Selling Expenses [Abstract]
Schedule of distribution and selling expenses	Year ended December 31, 2022 2021 2020 Outsourced service fee 403,458 1,212,403 - Advertisement - 140,704 - Others 317,930 736 - 721,388 1,353,843 -

Administrative Expense (Tables)

Administrative Expense (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of General And Administrative Expense Text Block Abstract
Schedule of administrative expense	Year ended December 31, 2022 2021 2020 Labor 53,550,086 3,155,246 832,534 Audit fee 247,782 200,000 114,400 Professional and other service fee 969,072 2,666,804 74,252 Design fee - - 2,039 Depreciation and amortization charges 299,547 21,603 - Decoration 133,502 155,665 30,275 Rental 4,661 65,724 - Travelling and entertainment 89,272 203,634 22,242 Others 749,819 389,534 89,239 56,043,741 6,858,210 1,164,981

Finance Costs (Tables)

Finance Costs (Tables)	12 Months Ended
	Dec. 31, 2022
Finance Costs [Abstract]
Schedule of finance costs	Year ended December 31, 2022 2021 2020 Interest expenses on bank borrowings wholly repayable within one year - - -

Income Tax (Income)_ Expense (T

Income Tax (Income)/ Expense (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Income Tax [Abstract]
Schedule of income tax (income)/ expense	Year ended December 31, 2022 2021 2020 PRC enterprises income tax: Current tax 621 5,495 - Deferred tax - - - 621 5,495 -
Schedule of deferred tax balances	2022 2021 2020 Temporary difference Deferred tax assets Temporary difference Deferred tax assets Temporary difference Deferred tax assets Beginning of the year 78,622,365 - 63,509,644 16,960,839 59,616,758 14,330,463 Bad Debt provisions charged to profit or loss - - 6,064,120 1,516,030 (2,334,410 ) 583,603 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 1,687,686 421,922 6,102,339 1,529,706 6,227,296 1,556,824 Allowance (421,922 ) (21,245,906 ) - - Reverse (75,924,049 ) - Effect of translation - - - 502,765 - 489,949 End of the year 4,386,002 - 78,622,365 - 63,509,644 16,960,839

(Loss)_Profit for the Year (Tab

(Loss)/Profit for the Year (Tables)	12 Months Ended
	Dec. 31, 2022
(Loss)/Profit for the Year [Abstract]
Schedule of profit for the year	Year ended December 31, 2022 2021 2020 Cost of inventories recognized as expenses 78,408,598 53,168,205 1,168,517 Taxes and surcharges 1,646 25,032 291 78,410,244 53,193,237 1,168,808 Depreciation of property, plant and equipment 299,547 21,932 - Amortization of land use rights and trademarks - - - Amortization of prepayments and premiums under operating leases - - - Provision (Reversal) of inventory obsolescence 39,778 - - Provision of bad debt allowance 53,991 - - Provision of impairment loss in property - - - 393,316 21,932 -

Discontinued Operations (Tables

Discontinued Operations (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Discontinued Operations [Abstract]
Schedule of financial performance and cash flow information	Year ended December 31, 2022 2021 2020 Revenue 1,887,410 4,960,693 9,540,775 Cost of revenue (2,183,080 ) (4,228,577 ) (7,208,923 ) Expenses (3,486,626 ) (4,353,466 ) (6,533,339 ) Other income/expenses - net (5,133,118 ) (8,778,160 ) (2,027,461 ) Profit before tax (8,915,414 ) (12,399,510 ) (6,228,948 ) Income tax - (17,463,604 ) 1,556,824 Profit after tax (8,915,414 ) (29,863,114 ) (4,672,124 ) - Net cash from operating activities (2,733,104 ) (3,872,380 ) (5,901,544 ) Net cash from investing activities - (1,926 ) (8,494 ) Net cash from financing activities - - - Net cash decrease of disposed subsidiaries (2,733,104 ) (3,874,306 ) (5,910,038 )
Schedule of details of sale of the subsidiary	Fair value of the consideration 10,000,000 Net asset of the disposed asset (15,166,042 ) Loss on sale before reclassification of foreign currency translation reserve (5,166,042 ) Reclassification of foreign currency translation reserve (4,027,694 ) Loss on disposal of discontinued operations (9,193,736 )
Schedule of carrying amount of the investment cost of the disposed assets	Cash 8,695,890 Trade receivables 2,335,650 Other current assets 97,966 Investment property-net 6,390,022 Other long-term assets 2,890,967 Total assets 20,410,495 Short-term loan (1,087,154 ) Tax payables (2,775,363 ) Other liabilities (1,381,936 ) Total liabilities (5,244,453 ) Net assets 15,166,042

Directors' Emoluments (Tables)

Directors' Emoluments (Tables)	12 Months Ended
	Dec. 31, 2022
Directors' Emoluments [Abstract]
Schedule of emoluments paid or payable to the directors	Year ended December 31, 2022 2021 2020 Salaries Yan Keyan - 597,669 306,466 Sun Lei 1,470,000 772,000 - Li Huidan 228,000 772,000 - Mu Ruifeng 228,000 - - Jin Yan 228,000 - - Lixia Tu - - 237,880 John Sano - - 10,350 Themis Kalapotharakos - - 82,800 Matthew Los - - 82,800 Zhongmin Zhang - - 10,350 Yuet Mei Chan - - 10,350 2,154,000 2,141,669 740,996 Social Welfare Yan Keyan - 1,242 432 - 1,242 432

Loss Per Share (Tables)

Loss Per Share (Tables)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Earnings Per Share Text Block Abstract
Schedule of loss per share	For the years ended December 31, 2022 2021 2020 Basic Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (73,492,431 ) $ (37,215,483 ) $ (5,667,417 ) Diluted Loss Per Share Numerator Profit for the year attributable to owners of the Company $ (73,492,431 ) $ (37,215,483 ) $ (5,667,417 ) Basic Loss Per Share Denominator Original shares: 5,899,893 3,408,646 2,591,299 Additions from actual events: - Issuance of common stock, weighted 10,915,573 1,115,699 121,229 Basic weighted average shares outstanding 16,815,466 4,524,345 2,712,528 Diluted Loss Per Share Denominator Basic weighted average shares outstanding 16,815,466 4,524,345 2,712,528 Dilutive shares: Potential additions from dilutive events: - Exercise of investor warrants* Diluted Weighted Average Shares Outstanding: 16,815,466 4,524,345 2,712,528 Loss Per Share** - Basic $ (43.7 ) $ (82.3 ) $ (20.9 ) - Diluted $ (43.7 ) $ (82.3 ) $ (20.9 ) Weighted Average Shares Outstanding** - Basic 1,681,547 452,345 271,253 - Diluted 1,681,547 452,345 271,253 * There were no potential dilutive additions to diluted weighted shares outstanding as a result of the loss during the periods presented. ** The Company took a 1:10 reverse stock split on April 26, 2023, as a result, the basic and diluted shares and per share number for all years presented here are adjusted retrospectively.

Property, Plant and Equipment (

Property, Plant and Equipment (Tables)	12 Months Ended
	Dec. 31, 2022
Property, Plant and Equipment [Abstract]
Schedule of owner-occupied property	Plant Machinery Office Motor Furniture Leasehold Leasehold Total COST 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 Additions - - - - 1,008 - - 1,008 Disposals (1,716,185 ) - (118,285 ) - (156,406 ) - - (1,990,876 ) Translation adjustment (289,116 ) - (7,601 ) (80,387 ) (9,481 ) - - (386,585 ) At December 31, 2022 2,160,573 - 5,600 934,663 1,489 - - 3,102,326 DEPRECIATION AND IMPAIRMENT 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 ) Provided for the year (70,084 ) - (1,817 ) (227,388 ) (258 ) - - (299,547 ) Disposal of subsidiaries 1,296,658 - 113,591 - 153,845 - - 1,564,095 Translation adjustment 79,710 - 6,935 7,083 9,270 - - 102,998 At December 31, 2022 (68,418 ) - (2,419 ) (241,479 ) (304 ) - - (312,622 ) CARRYING AMOUNT At December 31, 2021 2,791,172 - 10,357 993,876 3,207 - - 3,798,612 At December 31, 2022 2,092,155 - 3,181 693,184 1,185 - - 2,789,704
Schedule of straight-line basis for all property, plant and equipment over their estimated useful lives of the assets	Useful life Residual Value Plant 30 years 5% Machinery 5 years 10% Office equipment 3 years 5% Motor vehicles 4 years 5% Furniture and fixtures 3 years 5% 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 Opening balance at 1 January 24,118,655 Acquisitions - Capitalized subsequent expenditure - Classified as held for sale or disposals - Transfer (to)/from inventories and owner-occupied property 5,487,395 Translation adjustment 748,918 Closing balance at 31 December 30,354,968 DEPRECIATION AND IMPAIRMENT 2021 Opening balance at 1 January (15,844,460 ) Provided for the year (540,273 ) Eliminated upon disposal of assets - Impairment for the year (2,673,131 ) Transfer to/(from) inventories and owner-occupied property (3,394,864 ) Translation adjustment (537,712 ) Closing balance at 31 December (22,990,440 ) CARRYING AMOUNT 2021 Closing balance at 31 December 7,364,527

Prepayments and Premiums Unde_2

Prepayments and Premiums Under Operating Leases (Tables)	12 Months Ended
	Dec. 31, 2022
Prepayments and Premiums Under Operating Leases [Abstract]
Schedule of prepayments and premiums under operating leases	Amount At January 1, 2021 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 additions for the year - charge for the year - disposed 2,407,409 At December 31, 2022 -
Schedule of analyzed for reporting	As at December 31, 2022 2021 Current asset - 82,714 Non-current asset - 2,324,695 - 2,407,409

Long Term Receivable (Tables)

Long Term Receivable (Tables)	12 Months Ended
	Dec. 31, 2022
Long Term Receivable [Abstract]
Schedule of the carrying amount of the prepayment for construction of new plant	As at December 31, 2022 2021 Current portion 3,000,000 - Non-current portion 7,000,000 - Total receivable 10,000,000 -

Land Use Rights (Tables)

Land Use Rights (Tables)	12 Months Ended
	Dec. 31, 2022
Land Use Rights [Abstract]
Schedule of land use right	Amount COST At January 1, 2021 734,990 additions for the year - translation adjustment 20,277 At December 31, 2021 755,267 additions for the year - Disposed due to discontinued operation (755,267 ) At December 31, 2022 - AMORTIZATION At January 1, 2021 (130,020 ) charge for the year (14,958 ) impairment (222,989 ) translation adjustment (7,209 ) At December 31, 2021 (375,176 ) charge for the year - Disposed due to discontinued operation 375,176 At December 31, 2022 - CARRYING AMOUNTS At December 31, 2021 380,091 At December 31, 2022 -

Inventories (Tables)

Inventories (Tables)	12 Months Ended
	Dec. 31, 2022
Inventories [Abstract]
Schedule of Inventories	As at December 31, 2022 2021 Raw materials - 773,180 Merchandised goods 483,384 392,018 Provision for obsolete inventories (38,833 ) (1,302 ) 444,551 1,163,896

Trade Receivables, Other Rece_2

Trade Receivables, Other Receivables and Prepayments (Tables)	12 Months Ended
	Dec. 31, 2022
Trade Receivables, Other Receivables and Prepayments [Abstract]
Schedule of trade receivables	As at December 31, 2022 2021 Trade receivables 37,487 18,952,763 Bad debt provision for trade receivables (37,487 ) (11,215,912 ) - 7,736,851
Schedule of other receivables	As at December 31, 2022 2021 Other receivables 318,643 344,437 Long-term receivable to be collected within 1 year 3,000,000 - Prepayments 2,182,463 1,983,685 5,501,106 2,328,122
Schedule of aging analysis of trade receivables	As at December 31, 2022 2021 Current - 2,629,433 Past due for less than 4 months - 1,411,252 Past due for more than 4 months 37,487 14,912,078 37,487 18,952,763
Schedule of provision for doubtful debts	2022 2021 As at January 1 11,215,912 4,923,646 Provision provided in the year 37,487 6,076,620 Reverse due to disposal of subsidiaries (11,215,912 ) Translation adjustment - 215,646 As at December 31 37,487 11,215,912

Cash and Cash Equivalents (Tabl

Cash and Cash Equivalents (Tables)	12 Months Ended
	Dec. 31, 2022
Cash and Cash Equivalents [Abstract]
Schedule of cash and cash equivalents	As at December 31, 2022 2021 Cash on hand - 9,470 Bank deposits 243,530 12,905,444 Other monetary funds 277,386 - 520,916 12,914,914 As at December 31, 2022 2021 Renminbi 520,883 12,914,834 Hong Kong Dollars 33 80 United States Dollars - - 520,916 12,914,914

Trade and Other Payables (Table

Trade and Other Payables (Tables)	12 Months Ended
	Dec. 31, 2022
Trade and Other Payables [Abstract]
Schedule of trade and other payables	As at December 31, 2022 2021 Trade payables 670,965 297,033 Employee benefits payable 15,925 148,232 Accrual and other payables 632,186 1,811,262 Subtotal financial liabilities 1,319,076 2,256,527 Other taxes payable - 3,098,596 1,319,076 5,355,123
Schedule of aging analysis of trade payables	As at December 31, 2022 2021 Current - 294,938 Past due for less than 4 months 431,202 2,046 Past due for over 4 months 239,763 49 670,965 297,033

Related Parties Payable (Tables

Related Parties Payable (Tables)	12 Months Ended
	Dec. 31, 2022
Related Parties Payable [Abstract]
Schedule of nature of relationship with related parties	Name Relationship with the Group Yan, Keyan EX-chairman of the Board of Directors and interim Chief Financial Officer Sun, Lei Chief Executive Officer and Co-chairman of the Board of Directors Li Huidan Co-Chairman of the Board of Directors Mu Ruifeng Director Jin Yan Director
Schedule of significant balances between group and related parties	As at December 31, Name Nature 2022 2021 Yan, Keyan Borrowing of funds - 36,697 Li, Huidan 2,122,697 Sun, Lei Borrowing of funds 488,400 430,871 2,611,097 467,568
Schedule of issued share	Name Shares issued Value Mu Ruifeng 100,000 $ 228,000 Jin Yan 100,000 228,000 Li Huidan 100,000 228,000 300,000 $ 684,000

Short-Term Bank Loans (Tables)

Short-Term Bank Loans (Tables)	12 Months Ended
	Dec. 31, 2022
Short-Term Bank Loans [Abstract]
Schedule of short-term bank loans	As at December 31, 2022 2021 Secured bank borrowings - 1,180,656 Carrying amount repayable within 1 year - 1,180,656

Rights (Tables)

Rights (Tables)	12 Months Ended
	Dec. 31, 2022
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, 2022
Share Capital and Share Premium [Abstract]
Schedule of group's share capital	Number of Share Share 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 Issuance of shares 54,733,443 5,473 53,239,760 Shares outstanding as December 31, 2022 60,633,336 6,063 72,959,554 Number of Share Share Authorized Common shares of US$0.0001 as at December 31, 2022 150,000,000 $ 15,000 $ - 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 Issue and fully paid common shares of US$0.0001 as at December 31, 2022 60,633,336 6,063 $ 72,959,554
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 Changes - - - - - - At December 31, 2022 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, 2022
Risk Management and Fair Values [Abstract]
Schedule of capital requirements	December 31, December 31, Total borrowing - 1,180,656 Less: cash and cash equivalents (520,916 ) (12,914,914 ) Net debt (520,916 ) (11,734,258 ) Total equity 12,325,892 30,872,341 Total capital 11,804,976 19,138,083 Gearing ratio (1 )% (38 )%
Schedule of liquidity risk	Within Over Total Short-term bank loans and related interests - - - Trade and other payables 1,319,288 - 1,319,288 Related parties payables 2,611,097 - 2,611,097 Total 3,930,385 - 3,930,385 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

Commitments and Contingencies (

Commitments and Contingencies (Tables)	12 Months Ended
	Dec. 31, 2022
Commitments and Contingencies [Abstract]
Schedule of capital commitments	As at As at Contracted and authorized, in RMB - 440,851,273 Contracted and authorized, in USD - 69,399,168

General Information (Details)

General Information (Details)

1 Months Ended

Nov. 11, 2021

Aug. 07, 2020

Aug. 04, 2016

Jul. 23, 2020

May 24, 2018

Mar. 29, 2018

Sep. 30, 2011 CNY (¥)

Mar. 24, 2011 CNY (¥)

Mar. 16, 2011 CNY (¥)

Jan. 27, 2011 $ / shares shares

Dec. 31, 2010 shares

Nov. 25, 2010 USD ($)

Nov. 25, 2010 HKD ($)

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

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

Nov. 17, 2005 CNY (¥)

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

Hongri [Member]

General Information (Details) [Line Items]

Common unit issuance of authorized value | $

$ 50,000

Number of shares authorized | 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 authorized | 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 authorized | 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

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 HK [Member]

General Information (Details) [Line Items]

Business combination, description

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 Technolog [Member]

General Information (Details) [Line Items]

Business combination, description

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 [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 ranges from import & export to manufacturing.

Jin Xuan Luxury Tourism [Member]

General Information (Details) [Line Items]

Business combination, description

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.

Heyang Travel [Member]

General Information (Details) [Line Items]

Business combination, description

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.

Signifcant Accounting Policie_2

Signifcant Accounting Policies (Details)	12 Months Ended
	Dec. 31, 2022
Disclosure Of Significant Accounting Policies Text Block Abstract
Number of segments	5
Value added tax rate	13%
Product sales and taxable, percentage	6%
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	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
RMB to USD [Member]
Schedule of Functional Currency [Abstract]
Translation currency, Period end rates	USD 1.00= RMB 6.8987	USD 1.00= RMB 6.3524	USD 1.00= RMB 6.5277
Translation currency, Average rates	USD 1.00=RMB 6.7347	USD 1.00=RMB 6.4491	USD 1.00=RMB 6.9001
HKD to USD [Member]
Schedule of Functional Currency [Abstract]
Translation currency, Period end rates	USD 1.00= HKD 7.7970	USD 1.00= HKD 7.7991	USD 1.00= HKD 7.7525
Translation currency, Average rates	USD 1.00=HKD 7.8305	USD 1.00=HKD 7.7731	USD 1.00=HKD 7.7558

Signifcant Accounting Policie_4

Signifcant Accounting Policies (Details) - Schedule of value added tax	Dec. 31, 2022
Product Sales [Member]
Schedule of Value Added Tax [Abstract]
Standard VAT rate in effect for revenues	13%
Services Rendered [Member]
Schedule of Value Added Tax [Abstract]
Standard VAT rate in effect for revenues	6%

Significant Management Judgem_2

Significant Management Judgement in Applying Accounting Policies (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure of Significant Management Judgement in Applying Accounting Policies [Abstract]
Income tax payable	$ 212	$ 0

Key Sources of Estimation Unc_2

Key Sources of Estimation Uncertainty (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020	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	30 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, 2022
Disclosure Of Entitys Operating Segments Text Block Abstract
Major customers revenue, percentage	10%
Revenue customer	10%
Major suppliers revenue, percentage	10%

Segment Reporting (Details) - S

Segment Reporting (Details) - Schedule of operating segments gross margins - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Wholesale [Member]
Schedule of Operating Segments Gross Margins [Abstract]
Sales to external customers	$ 79,092,342	$ 51,818,166	$ 991,929
Segment revenue	79,092,342	51,818,166	991,929
Segment gross margins	704,391	541,889	96,578
Reconciling items
Loss before tax
Income tax income/(expense)
Loss for the continuing business
Discontinued operation
Loss for the year
Retail [Member]
Schedule of Operating Segments Gross Margins [Abstract]
Sales to external customers	782,302
Segment revenue	782,302
Segment gross margins	760,028
Reconciling items
Loss before tax
Income tax income/(expense)
Loss for the continuing business
Discontinued operation
Loss for the year
Subcontracting [Member]
Schedule of Operating Segments Gross Margins [Abstract]
Sales to external customers	83	2,222,782	343,445
Segment revenue	83	2,222,782	343,445
Segment gross margins	64	305,822	69,988
Reconciling items
Loss before tax
Income tax income/(expense)
Loss for the continuing business
Discontinued operation
Loss for the year
Travel service [Member]
Schedule of Operating Segments Gross Margins [Abstract]
Sales to external customers	79,874,727	54,040,948	1,335,374
Segment revenue	79,874,727	54,040,948	1,335,374
Segment gross margins	1,464,483	847,711	166,566
Reconciling items	(56,847,143)	(8,194,585)	(1,161,859)
Loss before tax	(55,382,660)	(7,346,874)	(995,293)
Income tax income/(expense)	(621)	(5,495)
Loss for the continuing business	(55,383,281)	(7,352,369)	(995,293)
Discontinued operation	(18,109,150)	(29,863,116)	(4,672,124)
Loss for the year	$ (73,492,431)	$ (37,215,483)	$ (5,667,417)

Segment Reporting (Details) -_2

Segment Reporting (Details) - Schedule of assets and liabilities - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Tourism products [Member]
Schedule of Assets And Liabilities [Abstract]
Current assets	$ 369,770	$ 450,129
Non-current assets	1,310	674
Total assets	371,080	450,803
Current liabilities	711,992	303,749
Total liabilities	711,992	303,749
Cross-board merchandise and technology [Member]
Schedule of Assets And Liabilities [Abstract]
Current assets	2,792,929
Non-current assets	2,788,394
Total assets	5,581,323
Current liabilities	899,130
Total liabilities	899,130
Unallocated [Member]
Schedule of Assets And Liabilities [Abstract]
Current assets	303,874	(283,630)
Non-current assets	10,000,000
Total assets	10,303,874	(283,630)
Current liabilities	2,319,263	1,628,272
Total liabilities	2,319,263	1,628,272
Consolidated [Member]
Schedule of Assets And Liabilities [Abstract]
Current assets	3,466,573	24,226,497
Non-current assets	12,789,704	13,867,925
Total assets	16,256,277	38,094,422
Current liabilities	3,930,385	7,222,082
Total liabilities	$ 3,930,385	7,222,082
Wholesale and Retail [Member]
Schedule of Assets And Liabilities [Abstract]
Current assets		18,640,119
Non-current assets		2,410,407
Total assets		21,050,526
Current liabilities		3,384,019
Total liabilities		3,384,019
Subcontracting [Member]
Schedule of Assets And Liabilities [Abstract]
Current assets		2,610,448
Non-current assets		8,111,375
Total assets		10,721,823
Current liabilities		1,481,508
Total liabilities		1,481,508
Cross-board merchandise [Member]
Schedule of Assets And Liabilities [Abstract]
Current assets		2,809,431
Non-current assets		3,345,469
Total assets		6,154,900
Current liabilities		424,534
Total liabilities		$ 424,534

Segment Reporting (Details) -_3

Segment Reporting (Details) - Schedule of major distributors revenue - USD ($)	12 Months Ended
	Dec. 31, 2022		Dec. 31, 2021		Dec. 31, 2020
Schedule of Major Distributors Revenue [Abstract]
Total revenue	$ 79,874,727		$ 54,040,948		$ 1,335,374
Customer A [Member]
Schedule of Major Distributors Revenue [Abstract]
Total revenue	74,340,429		41,767,780
Customer B [Member]
Schedule of Major Distributors Revenue [Abstract]
Total revenue		[1]	9,439,831
Customer C [Member]
Schedule of Major Distributors Revenue [Abstract]
Total revenue		[1]		[1]	$ 991,928
[1]The revenue of this customer is not over 10% of total revenue of the Company.

Segment Reporting (Details) -_4

Segment Reporting (Details) - Schedule of major suppliers purchases - USD ($)	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Major Suppliers Purchases [Abstract]
Major suppliers	$ 78,902,955	$ 53,168,205	$ 1,430,207
Supplier A [Member]
Schedule of Major Suppliers Purchases [Abstract]
Major suppliers			354,710
Supplier B [Member]
Schedule of Major Suppliers Purchases [Abstract]
Major suppliers			$ 483,879
Supplier C [Member]
Schedule of Major Suppliers Purchases [Abstract]
Major suppliers		9,586,155
Supplier D [Member]
Schedule of Major Suppliers Purchases [Abstract]
Major suppliers	10,562,686	$ 15,551,014
Supplier E [Member]
Schedule of Major Suppliers Purchases [Abstract]
Major suppliers	$ 15,496,731

Revenue (Details) - Schedule of

Revenue (Details) - Schedule of revenue - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Revenue [Abstract]
Revenue	$ 79,874,727	$ 54,040,948	$ 1,335,374
Travel service [Member]
Schedule of Revenue [Abstract]
Revenue	79,092,342	51,818,166	991,929
Technology [Member]
Schedule of Revenue [Abstract]
Revenue	782,302
Cross-board products [Member]
Schedule of Revenue [Abstract]
Revenue	$ 83	$ 2,222,782	$ 343,445

Cost of Revenue (Details)

Cost of Revenue (Details)	12 Months Ended
	Dec. 31, 2022
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, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Cost of Sales For Our Retail and Wholesale of Garment Business [Abstract]
Changes in inventories of finished goods and work in progress		$ (494,357)	$ 83,112	$ (261,691)
Materials consumed in production
Purchases of finished goods		201,734	1,808,963	1,430,208
Outsourced service cost		78,701,221	51,276,130
Taxes and surcharges	[1]	1,646	25,032	291
Cost of sales		$ 78,410,244	$ 53,193,237	$ 1,168,808
[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, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Other Income [Abstract]
Government grant	$ 1,592
Interest income on bank deposits	21	4	199
Other	15,023	34,789	2,923
Other income	$ 16,636	$ 34,793	$ 3,122

Other Losses (Details) - Schedu

Other Losses (Details) - Schedule of other losses - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Other Losses [Abstract]
Bad debt provision of trade receivables	$ (53,991)
Impairment of long-lived assets	(39,778)	(12,500)
Others	(4,881)	(4,825)
Other gains (losses)	$ (98,650)	$ (17,325)

Distribution and Selling Expe_3

Distribution and Selling Expenses (Details) - Schedule of distribution and selling expenses - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule of Distribution and Selling Expenses [Abstract]
Outsourced service fee	$ 403,458	$ 1,212,403
Advertisement		140,704
Others	317,930	736
Total	$ 721,388	$ 1,353,843

Administrative Expense (Details

Administrative Expense (Details) - Schedule of administrative expense - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Schedule Of Administrative Expense Abstract
Labor	$ 53,550,086	$ 3,155,246	$ 832,534
Audit fee	247,782	200,000	114,400
Professional and other service fee	969,072	2,666,804	74,252
Design fee			2,039
Depreciation and amortization charges	299,547	21,603
Decoration	133,502	155,665	30,275
Rental	4,661	65,724
Travelling and entertainment	89,272	203,634	22,242
Others	749,819	389,534	89,239
Total	$ 56,043,741	$ 6,858,210	$ 1,164,981

Finance Costs (Details) - Sched

Finance Costs (Details) - Schedule of finance costs - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Interest expenses on bank borrowings
wholly repayable within one year

Income Tax (Income)_ Expense (D

Income Tax (Income)/ Expense (Details)	12 Months Ended
	Dec. 31, 2022 USD ($)
Income Tax (Income)/ Expense (Details) [Line Items]
Deferred tax assets	$ 4,386,002
Jin Xuan Luxury Tourism [Member]
Income Tax (Income)/ Expense (Details) [Line Items]
Tax rate effect of tax losses	25%

Income Tax (Income)_ Expense _2

Income Tax (Income)/ Expense (Details) - Schedule of income tax (income)/ expense - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
PRC enterprises income tax:
Total income tax expenses	$ 621	$ 5,495
PRC enterprises income tax [Member]
PRC enterprises income tax:
Current tax	621	5,495
Deferred tax

Income Tax (Income)_ Expense _3

Income Tax (Income)/ Expense (Details) - Schedule of deferred tax balances - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Temporary difference [Member]
Income Tax (Income)/ Expense (Details) - Schedule of deferred tax balances [Line Items]
Beginning of the year	$ 78,622,365	$ 63,509,644	$ 59,616,758
Bad Debt provisions charged to profit or loss		6,064,120	(2,334,410)
Inventory provision charged to profit or loss		1,283
Impairment charged to profit or loss		2,944,979
Tax loss carried forward	1,687,686	6,102,339	6,227,296
Allowance
Reverse	(75,924,049)
Effect of translation
End of the year	4,386,002	78,622,365	63,509,644
Deferred tax assets [Member]
Income Tax (Income)/ Expense (Details) - Schedule of deferred tax balances [Line Items]
Beginning of the year		16,960,839	14,330,463
Bad Debt provisions charged to profit or loss		1,516,030	583,603
Inventory provision charged to profit or loss		321
Impairment charged to profit or loss		736,245
Tax loss carried forward	421,922	1,529,706	1,556,824
Allowance	(421,922)	(21,245,906)
Reverse
Effect of translation		502,765	489,949
End of the year			$ 16,960,839

(Loss)_Profit for the Year (Det

(Loss)/Profit for the Year (Details) - Schedule of profit for the year - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
(Loss)/Profit for the Year [Abstract]
Cost of inventories recognized as expenses	$ 78,408,598	$ 53,168,205	$ 1,168,517
Taxes and surcharges	1,646	25,032	291
Cost of sales	78,410,244	53,193,237	1,168,808
Depreciation of property, plant and equipment	299,547	21,932
Amortization of land use rights and trademarks
Amortization of prepayments and premiums under operating leases
Provision (Reversal) of inventory obsolescence	39,778
Provision of bad debt allowance	53,991
Provision of impairment loss in property
Profit for the year	$ 393,316	$ 21,932

Discontinued Operations (Detail

Discontinued Operations (Details) - USD ($)	1 Months Ended	2 Months Ended	4 Months Ended
	Oct. 19, 2022	Dec. 31, 2022	Sep. 30, 2022
Disclosure Of Discontinued Operations [Abstract]
Sale of shares of common stock	20,000	39,999,962	8,800,000
Consideration amount	$ 10,000,000

Discontinued Operations (Deta_2

Discontinued Operations (Details) - Schedule of financial performance and cash flow information - Parent [Member] - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Discontinued Operations (Details) - Schedule of financial performance and cash flow information [Line Items]
Revenue	$ 1,887,410	$ 4,960,693	$ 9,540,775
Cost of revenue	(2,183,080)	(4,228,577)	(7,208,923)
Expenses	(3,486,626)	(4,353,466)	(6,533,339)
Other income/expenses - net	(5,133,118)	(8,778,160)	(2,027,461)
Profit before tax	(8,915,414)	(12,399,510)	(6,228,948)
Income tax		(17,463,604)	1,556,824
Profit after tax	(8,915,414)	(29,863,114)	(4,672,124)
Net cash from operating activities	(2,733,104)	(3,872,380)	(5,901,544)
Net cash from investing activities		(1,926)	(8,494)
Net cash from financing activities
Net cash decrease of disposed subsidiaries	$ (2,733,104)	$ (3,874,306)	$ (5,910,038)

Discontinued Operations (Deta_3

Discontinued Operations (Details) - Schedule of details of sale of the subsidiary	12 Months Ended
	Dec. 31, 2022 USD ($)
Schedule of Details of Sale of the Subsidiary [Abstract]
Fair value of the consideration	$ 10,000,000
Net asset of the disposed asset	(15,166,042)
Loss on sale before reclassification of foreign currency translation reserve	(5,166,042)
Reclassification of foreign currency translation reserve	(4,027,694)
Loss on disposal of discontinued operations	$ (9,193,736)

Discontinued Operations (Deta_4

Discontinued Operations (Details) - Schedule of carrying amount of the investment cost of the disposed assets	Dec. 31, 2022 USD ($)
Schedule of Carrying Amount of the Investment Cost of the Disposed Assets [Abstract]
Cash	$ 8,695,890
Trade receivables	2,335,650
Other current assets	97,966
Investment property-net	6,390,022
Other long-term assets	2,890,967
Total assets	20,410,495
Short-term loan	(1,087,154)
Tax payables	(2,775,363)
Other liabilities	(1,381,936)
Total liabilities	(5,244,453)
Net assets	$ 15,166,042

Directors' Emoluments (Details)

Directors' Emoluments (Details) - Schedule of emoluments paid or payable to the directors - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Salaries
Salaries	$ 2,154,000	$ 2,141,669	$ 740,996
Social Welfare
Social Welfare		1,242	432
Yan Keyan [Member]
Salaries
Salaries		597,669	306,466
Social Welfare
Social Welfare		1,242	432
Sun Lei [Member]
Salaries
Salaries	1,470,000	772,000
Li Huidan [Member]
Salaries
Salaries	228,000	772,000
Mu Ruifeng [Member]
Salaries
Salaries	228,000
Jin Yan [Member]
Salaries
Salaries	228,000
Lixia Tu [Member]
Salaries
Salaries			237,880
John Sano [Member]
Salaries
Salaries			10,350
Themis Kalapotharakos [Member]
Salaries
Salaries			82,800
Matthew Los [Member]
Salaries
Salaries			82,800
Zhongmin Zhang [Member]
Salaries
Salaries			10,350
Yuet Mei Chan [Member]
Salaries
Salaries			$ 10,350

Loss Per Share (Details) - Sche

Loss Per Share (Details) - Schedule of loss per share - USD ($)		12 Months Ended
		Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Basic Loss Per Share Numerator
Profit for the year attributable to owners of the Company (in Dollars)		$ (73,492,431)	$ (37,215,483)	$ (5,667,417)
Diluted Loss Per Share Numerator
Profit for the year attributable to owners of the Company (in Dollars)		$ (73,492,431)	$ (37,215,483)	$ (5,667,417)
Basic Loss Per Share Denominator
Original shares:		5,899,893	3,408,646	2,591,299
Additions from actual events:
Issuance of common stock, weighted		10,915,573	1,115,699	121,229
Basic weighted average shares outstanding		16,815,466	4,524,345	2,712,528
Diluted Loss Per Share Denominator
Basic weighted average shares outstanding		16,815,466	4,524,345	2,712,528
- Exercise of investor warrants*
Diluted Weighted Average Shares Outstanding:	[1]	16,815,466	4,524,345	2,712,528
Loss Per Share**
Basic (in Dollars per share)	[2]	$ (43.7)	$ (82.3)	$ (20.9)
Diluted (in Dollars per share)	[2]	$ (43.7)	$ (82.3)	$ (20.9)
Weighted Average Shares Outstanding**
Basic	[2]	1,681,547	452,345	271,253
Diluted	[2]	1,681,547	452,345	271,253
[1] 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_2

Property, Plant and Equipment (Details) - Schedule of owner-occupied property - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
COST
Balance at beginning	$ 5,478,778	$ 8,734,955
Additions	1,008	3,324,899
Disposals	(1,990,876)	(1,282,224)
Reclassification to investment property		(5,487,395)
Translation adjustment	(386,585)	188,543
Balance at ending	3,102,326	5,478,778
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(1,680,166)	(5,897,346)
Provided for the year	(299,547)	(217,243)
Disposal of subsidiaries	1,564,095
Eliminated upon disposal of assets		1,185,439
Depreciation reclassified to investment property		1,602,628
Impairment reclassified to investment property		1,792,237
Impairment		(48,859)
Translation adjustment	102,998	(97,022)
Balance at ending	(312,622)	(1,680,166)
CARRYING AMOUNT
Ending balance	2,789,704	3,798,612
Plant [Member]
COST
Balance at beginning	4,165,873	7,191,993
Additions		2,311,212
Disposals	(1,716,185)
Reclassification to investment property		(5,487,395)
Translation adjustment	(289,116)	150,063
Balance at ending	2,160,573	4,165,873
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(1,374,701)	(4,459,340)
Provided for the year	(70,084)	(186,439)
Disposal of subsidiaries	1,296,658
Eliminated upon disposal of assets
Depreciation reclassified to investment property		1,602,628
Impairment reclassified to investment property		1,792,237
Impairment		(48,859)
Translation adjustment	79,710	(74,928)
Balance at ending	(68,418)	(1,374,701)
CARRYING AMOUNT
Ending balance	2,092,155	2,791,172
Machinery [Member]
COST
Balance at beginning		45,324
Additions
Disposals		(45,876)
Reclassification to investment property
Translation adjustment		552
Balance at ending
DEPRECIATION AND IMPAIRMENT
Balance at beginning		(45,324)
Provided for the year
Disposal of subsidiaries
Eliminated upon disposal of assets		45,876
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment		(552)
Balance at ending
CARRYING AMOUNT
Ending balance
Office equipment [Member]
COST
Balance at beginning	131,486	137,150
Additions		11,332
Disposals	(118,285)	(20,638)
Reclassification to investment property
Translation adjustment	(7,601)	3,642
Balance at ending	5,600	131,486
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(121,129)	(135,065)
Provided for the year	(1,817)	(773)
Disposal of subsidiaries	113,591
Eliminated upon disposal of assets		18,171
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment	6,935	(3,462)
Balance at ending	(2,419)	(121,129)
CARRYING AMOUNT
Ending balance	3,181	10,357
Motor vehicles [Member]
COST
Balance at beginning	1,015,050	33,800
Additions		999,829
Disposals		(34,211)
Reclassification to investment property
Translation adjustment	(80,387)	15,632
Balance at ending	934,663	1,015,050
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(21,174)	(30,609)
Provided for the year	(227,388)	(20,856)
Disposal of subsidiaries
Eliminated upon disposal of assets		30,982
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment	7,083	(691)
Balance at ending	(241,479)	(21,174)
CARRYING AMOUNT
Ending balance	693,184	993,876
Furniture and fixtures [Member]
COST
Balance at beginning	166,369	160,979
Additions	1,008	2,526
Disposals	(156,406)	(1,591)
Reclassification to investment property
Translation adjustment	(9,481)	4,455
Balance at ending	1,489	166,369
DEPRECIATION AND IMPAIRMENT
Balance at beginning	(163,162)	(159,973)
Provided for the year	(258)	(57)
Disposal of subsidiaries	153,845
Eliminated upon disposal of assets		1,263
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment	9,270	(4,395)
Balance at ending	(304)	(163,162)
CARRYING AMOUNT
Ending balance	1,185	3,207
Leasehold improvements- factories and offices [Member]
COST
Balance at beginning		896,680
Additions
Disposals		(907,602)
Reclassification to investment property
Translation adjustment		10,922
Balance at ending
DEPRECIATION AND IMPAIRMENT
Balance at beginning		(798,006)
Provided for the year		(9,118)
Disposal of subsidiaries
Eliminated upon disposal of assets		816,842
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment		(9,718)
Balance at ending
CARRYING AMOUNT
Ending balance
Leasehold improvements- shops [Member]
COST
Balance at beginning		269,029
Additions
Disposals		(272,306)
Reclassification to investment property
Translation adjustment		3,277
Balance at ending
DEPRECIATION AND IMPAIRMENT
Balance at beginning		(269,029)
Provided for the year
Disposal of subsidiaries
Eliminated upon disposal of assets		272,305
Depreciation reclassified to investment property
Impairment reclassified to investment property
Impairment
Translation adjustment		(3,276)
Balance at ending
CARRYING AMOUNT
Ending balance

Property, Plant and Equipment_3

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, 2022
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	30 years
Residual value	5%
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%
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	3 years
Residual value	5%
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	4 years
Residual value	5%
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	3 years
Residual value	5%
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%
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_4

Property, Plant and Equipment (Details) - Schedule of plant and building include buildings	12 Months Ended
	Dec. 31, 2022
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_5

Property, Plant and Equipment (Details) - Schedule of fair value approximated carry amounts, being the initial cost to acquire these investment properties	12 Months Ended
	Dec. 31, 2021 USD ($)
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
Acquisitions
Capitalized subsequent expenditure
Classified as held for sale or disposals
Transfer (to)/from inventories and owner-occupied property	5,487,395
Translation adjustment	748,918
Closing balance at 31 December	30,354,968
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)
Provided for the year	(540,273)
Eliminated upon disposal of assets
Impairment for the year	(2,673,131)
Transfer to/(from) inventories and owner-occupied property	(3,394,864)
Translation adjustment	(537,712)
Closing balance at 31 December	(22,990,440)
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

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, 2022	Dec. 31, 2021
Schedule Of Prepayments And Premiums Under Operating Leases Abstract
Beginning balance	$ 2,407,409	$ 2,419,900
Ending balance		2,407,409
additions for the year		3,411
charge for the year		(81,474)
disposed	$ 2,407,409
translation adjustment		$ 65,572

Prepayments and Premiums Unde_4

Prepayments and Premiums Under Operating Leases (Details) - Schedule of analyzed for reporting - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Schedule Of Analyzed For Reporting Abstract
Current asset		$ 82,714
Non-current asset		2,324,695
Total		$ 2,407,409

Long Term Receivable (Details)

Long Term Receivable (Details) - USD ($)		1 Months Ended	12 Months Ended
	Apr. 24, 2023	Nov. 29, 2010	Dec. 31, 2022
Long Term Receivable [Abstract]
Prepayment for construction		$ 20,000
Stock purchase amount		$ 10,000,000
Promissory note in percentage			5%
Principal amount	$ 3,000,000		$ 10,000,000
Long term receivable			(a) $1,000,000, together with an accrued interest, is payable on or before November 19, 2022; (b) $2,000,000, together with an accrued interest, is payable on or before April 19, 2023; (c) $3,000,000, together with an accrued interest, is payable on or before April 19, 2024, and (d) the remaining $4,000,000, together with an accrued interest, is payable on or before October 19, 2024. As the 5% interest rate is very close to the market rate, the management assessed the fair value of the note receivable is $10 million as of December 31, 2022.

Long Term Receivable (Details)

Long Term Receivable (Details) - Schedule of the carrying amount of the prepayment for construction of new plant - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Schedule of the Carrying Amount of the Prepayment for Construction of New Plant [Abstract]
Current portion	$ 3,000,000
Non-current portion	7,000,000
Total receivable	$ 10,000,000

Prepayment for Acquisition of_2

Prepayment for Acquisition of Land Use Right (Details)	Sep. 02, 2010 USD ($)
Description Of Accounting Policy For Deferred Acquisition Costs Arising From Insurance Contracts Text Block Abstract
Total consideration	$ 6,340,456

Land Use Rights (Details)

Land Use Rights (Details)	12 Months Ended
	Dec. 31, 2022
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, 2022	Dec. 31, 2021
COST [Member]
COST
Beginning balance, beginning	$ 755,267	$ 734,990
additions for the year
Disposed due to discontinued operation	(755,267)
translation adjustment		20,277
Ending balance, ending		755,267
AMORTIZATION [Member]
COST
Beginning balance, beginning	(375,176)	(130,020)
Disposed due to discontinued operation	375,176
charge for the year		(14,958)
impairment		(222,989)
translation adjustment		(7,209)
Ending balance, ending		(375,176)
CARRYING AMOUNTS [Member]
COST
Beginning balance, beginning	380,091
Ending balance, ending		$ 380,091

Inventories (Details) - Schedul

Inventories (Details) - Schedule of Inventories - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Schedule of Inventories [Abstract]
Raw materials		$ 773,180
Merchandised goods	483,384	392,018
Provision for obsolete inventories	(38,833)	(1,302)
Inventories	$ 444,551	$ 1,163,896

Trade Receivables, Other Rece_3

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of trade receivables - Trade receivables [Member] - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Schedule of Trade Receivables [Abstract]
Trade receivables	$ 37,487	$ 18,952,763
Bad debt provision for trade receivables	(37,487)	(11,215,912)
Trade receivables, net		$ 7,736,851

Trade Receivables, Other Rece_4

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of other receivables - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Schedule of Other Receivables [Abstract]
Other receivables	$ 318,643	$ 344,437
Long-term receivable to be collected within 1 year	3,000,000
Prepayments	2,182,463	1,983,685
Trade and other receivables	$ 5,501,106	$ 2,328,122

Trade Receivables, Other Rece_5

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables [Line Items]
Trade receivables	$ 37,487	$ 18,952,763
Current [Member]
Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of aging analysis of trade receivables [Line Items]
Trade receivables		2,629,433
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
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	$ 37,487	$ 14,912,078

Trade Receivables, Other Rece_6

Trade Receivables, Other Receivables and Prepayments (Details) - Schedule of provision for doubtful debts - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Schedule of Provision for Doubtful Debts [Abstract]
As at January 1	$ 11,215,912	$ 4,923,646
Provision provided in the year	37,487	6,076,620
Reverse due to disposal of subsidiaries	(11,215,912)
Translation adjustment		215,646
As at December 31	$ 37,487	$ 11,215,912

Cash and Cash Equivalents (Deta

Cash and Cash Equivalents (Details)	Dec. 31, 2022	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, 2022	Dec. 31, 2021
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash on hand		$ 9,470
Bank deposits	243,530	12,905,444
Other monetary funds	277,386
Cash and cash equivalents	520,916	12,914,914
Renminbi [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents	520,883	12,914,834
Hong Kong Dollars [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents	33	80
United States Dollars [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents
Total [Member]
Cash and Cash Equivalents (Details) - Schedule of cash and cash equivalents [Line Items]
Cash and cash equivalents	$ 520,916	$ 12,914,914

Trade and Other Payables (Detai

Trade and Other Payables (Details) - Schedule of trade and other payables - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Schedule of Trade and Other Payables [Abstract]
Trade payables	$ 670,965	$ 297,033
Employee benefits payable	15,925	148,232
Accrual and other payables	632,186	1,811,262
Subtotal financial liabilities	1,319,076	2,256,527
Other taxes payable		3,098,596
Trade and other payables	$ 1,319,076	$ 5,355,123

Trade and Other Payables (Det_2

Trade and Other Payables (Details) - Schedule of aging analysis of trade payables - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	$ 670,965	$ 297,033
Current [Member]
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables		294,938
Past due for less than 4 months [Member]
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	431,202	2,046
Past due for over 4 months [Member]
Trade and Other Payables (Details) - Schedule of aging analysis of trade payables [Line Items]
Trade payables	$ 239,763	$ 49

Related Parties Payable (Detail

Related Parties Payable (Details)	12 Months Ended
	Dec. 31, 2022 shares
Related Parties Payable (Details) [Line Items]
Shares issued	300,000
Sun Lei [Member]
Related Parties Payable (Details) [Line Items]
Shares issued	1,000,000

Related Parties Payable (Deta_2

Related Parties Payable (Details) - Schedule of nature of relationship with related parties	12 Months Ended
	Dec. 31, 2022
Yan, Keyan [Member]
Related Parties Payable (Details) - Schedule of nature of relationship with related parties [Line Items]
Relationship with the Group	EX-chairman of the Board of Directors and interim Chief Financial Officer
Sun, Lei [Member]
Related Parties Payable (Details) - Schedule of nature of relationship with related parties [Line Items]
Relationship with the Group	Chief Executive Officer and Co-chairman of the Board of Directors
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
Mu Ruifeng [Member]
Related Parties Payable (Details) - Schedule of nature of relationship with related parties [Line Items]
Relationship with the Group	Director
Jin Yan [Member]
Related Parties Payable (Details) - Schedule of nature of relationship with related parties [Line Items]
Relationship with the Group	Director

Related Parties Payable (Deta_3

Related Parties Payable (Details) - Schedule of significant balances between group and related parties - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Related Parties Payable (Details) - Schedule of significant balances between group and related parties [Line Items]
Borrowing of funds	$ 2,611,097	$ 467,568
Yan, Keyan [Member]
Related Parties Payable (Details) - Schedule of significant balances between group and related parties [Line Items]
Borrowing of funds		36,697
Li, Huidan [Member]
Related Parties Payable (Details) - Schedule of significant balances between group and related parties [Line Items]
Borrowing of funds	2,122,697
Sun, Lei [Member]
Related Parties Payable (Details) - Schedule of significant balances between group and related parties [Line Items]
Borrowing of funds	$ 488,400	$ 430,871

Related Parties Payable (Deta_4

Related Parties Payable (Details) - Schedule of issued share	Dec. 31, 2022 USD ($) shares
Related Parties Payable (Details) - Schedule of issued share [Line Items]
Shares issued | shares	300,000
Value | $	$ 684,000
Mu Ruifeng [Member]
Related Parties Payable (Details) - Schedule of issued share [Line Items]
Shares issued | shares	100,000
Value | $	$ 228,000
Jin Yan [Member]
Related Parties Payable (Details) - Schedule of issued share [Line Items]
Shares issued | shares	100,000
Value | $	$ 228,000
Li Huidan [Member]
Related Parties Payable (Details) - Schedule of issued share [Line Items]
Shares issued | shares	100,000
Value | $	$ 228,000

Short-Term Bank Loans (Details)

Short-Term Bank Loans (Details) - Schedule of short-term bank loans - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Schedule of Short Term Bank Loans [Abstract]
Secured bank borrowings		$ 1,180,656
Carrying amount repayable within 1 year		$ 1,180,656

Rights (Details)

Rights (Details) - USD ($)		12 Months Ended
	Mar. 12, 2021	Dec. 31, 2022
Dividend Distribution Of One Rights Abstract
Par value per share	$ 0.0001
Exercise price	$ 50
Share of preferred stock	$ 0.00667
Acquires percentage		15%
Shares issued		4,233,272
Shares outstanding		4,233,272
Ownership Percent of Common Stock		15%

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 ($)

1 Months Ended

2 Months Ended

4 Months Ended

12 Months Ended

Oct. 19, 2022

Dec. 31, 2022

Sep. 30, 2022

Dec. 31, 2022

May 26, 2022

May 16, 2022

May 06, 2022

Apr. 19, 2022

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. 19, 2021

Apr. 08, 2021

Mar. 04, 2021

Feb. 12, 2021

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

Shares issued

674,626

Shares issued for services

150,000,000

150,000,000

Common stocks, par value (in Dollars per share)

$ 0.0001

Repurchase of loan (in Dollars)

$ 809,551

Share issued

3,400,000

200,000

520,000

120,000

260,000

260,000

360,000

650,000

16,621

520,000

150,000

Sale of Stock, Number of Shares Issued in Transaction

20,000

39,999,962

8,800,000

Cancelled Shares

6,519

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

Preferred Stock [Member]

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

Preferred stock, share authorized

5,000,000

5,000,000

Preferred stock, par value (in Dollars per share)

$ 0.0001

$ 0.0001

liu [Member]

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

Share issued

500,000

Sun Lei [Member]

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

Share issued

1,000,000

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

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

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, 2022
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	60,633,336
Authorized Common shares			150,000,000
Issue and fully paid common shares	5,899,893	3,408,646	60,633,336
Issuance of shares	54,733,443	2,491,247
Issuance of rights
Share capital [Member]
Share Capital and Share Premium (Details) - Schedule of group's share capital [Line Items]
Shares outstanding	590	341	6,063
Authorized Common shares			15,000
Issue and fully paid common shares	590	341	6,063
Issuance of shares	5,473	249
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	72,959,554
Authorized Common shares
Issue and fully paid common shares	24,719,794	11,312,643	72,959,554
Issuance of shares	53,239,760	6,257,155
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, 2022	Dec. 31, 2021	Dec. 31, 2020
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 - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
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 (in Shares)	1,240,000
Beginning balance amount	$ 1,240,000
Ending balance shares (in Shares)	1,240,000	1,240,000
Ending balance amount	$ 1,240,000	$ 1,240,000
Changes
New issued during the year shares (in Shares)		1,500,000
New issued during the year amount		$ 1,500,000
Converted to common stock shares (in Shares)		(260,000)
Converted to common stock amount		$ (260,000)
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 (in Shares)	150,000
Beginning balance amount	$ 1,500,000
Ending balance shares (in Shares)	150,000	150,000
Ending balance amount	$ 1,500,000	$ 1,500,000
Changes
New issued during the year shares (in Shares)		150,000
New issued during the year amount		$ 1,500,000
Converted to common stock shares (in Shares)
Converted to common stock amount
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 (in Shares)	80,000
Beginning balance amount	$ 3,120,000
Ending balance shares (in Shares)	80,000	80,000
Ending balance amount	$ 3,120,000	$ 3,120,000
Changes
New issued during the year shares (in Shares)		100,000
New issued during the year amount		$ 3,900,000
Converted to common stock shares (in Shares)		(20,000)
Converted to common stock amount		$ (780,000)

Reserve (Details)

Reserve (Details) - USD ($)	12 Months Ended
	Dec. 31, 2022	Dec. 31, 2021
Disclosure Of Classes Of Reserve Explanatory [Abstract]
Authorized capital percentage	50%
Net profit after tax	10%
Statutory surplus reserve		$ 6,084,836
Revaluation reserve		$ 184,272

Risk Management and Fair Valu_3

Risk Management and Fair Values (Details) $ in Thousands	12 Months Ended
	Dec. 31, 2022 USD ($)
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	$ (60)
Description of concentrations risk	at the end of each reporting period to ensure that adequate impairment losses are made for irrecoverable amounts.

Risk Management and Fair Valu_4

Risk Management and Fair Values (Details) - Schedule of capital requirements - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Schedule of Capital Requirements [Abstract]
Total borrowing		$ 1,180,656
Less: cash and cash equivalents	(520,916)	(12,914,914)
Net debt	(520,916)	(11,734,258)
Total equity	12,325,892	30,872,341
Total capital	$ 11,804,976	$ 19,138,083
Gearing ratio	(1.00%)	(38.00%)

Risk Management and Fair Valu_5

Risk Management and Fair Values (Details) - Schedule of liquidity risk - USD ($)	Dec. 31, 2022	Dec. 31, 2021
Schedule of Liquidity Risk [Abstract]
Short-term bank loans and related interests		$ 1,180,656
Trade and other payables	1,319,288	5,355,123
Related parties payables	2,611,097	467,568
Total	3,930,385	7,003,347
Within 1 year [Member]
Schedule of Liquidity Risk [Abstract]
Short-term bank loans and related interests		1,180,656
Trade and other payables	1,319,288	5,355,123
Related parties payables	2,611,097	467,568
Total	3,930,385	7,003,347
Over 1 year [Member]
Schedule of Liquidity Risk [Abstract]
Short-term bank loans and related interests
Trade and other payables
Related parties payables
Total

Commitments and Contingencies_2

Commitments and Contingencies (Details)	Dec. 31, 2022 USD ($)
Disclosure Of Commitments And Contingent Liabilities Text Block Abstract
Maximum liability exposure	$ 652,297

Commitments and Contingencies_3

Commitments and Contingencies (Details) - Schedule of capital commitments	Dec. 31, 2022 USD ($)	Dec. 31, 2022 CNY (¥)	Dec. 31, 2021 USD ($)	Dec. 31, 2021 CNY (¥)
Schedule of Capital Commitments [Abstract]
Contracted and authorized			$ 69,399,168	¥ 440,851,273