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

COMMITMENTS AND CONTINGENCIES (Tables)

COMMITMENTS AND CONTINGENCIES (Tables)

12 Months Ended

Mar. 31, 2016

COMMITMENTS AND CONTINGENCIES

Schedule of future minimum lease payments under non-cancelable operating leases

		Minimum
		Lease Payments Amount
		RMB
Year ended March 31:
2017		11,515,853
2018		13,312,011
2019		10,410,049
2020		10,925,938
2021		1,409,891

		47,573,742

Schedule of future minimum payments under the non-cancelable purchase agreement

		Required Payments Amount
		RMB
Year ended March 31:
2017		3,916,800
2018		1,036,800

		4,953,600