Summary of Significant Accounting Policies (Tables)

6 Months Ended

Sep. 30, 2023

The Company’s subsidiaries as of September 30, 2023 are listed as follows:

Name	Place of Incorporation	Attributable equity interest %
Organic Agricultural (Samoa) Co., Ltd.	Samoa		100
Organic Agricultural Company Limited (Hong Kong)	Hong Kong		100
Heilongjiang Tianci Liangtian Agricultural Technology Development Company Limited	China		100
Heilongjiang Yuxinqi Agricultural Technology Development Company Limited	China		100

The exchange rates used for foreign currency translation are as follows:

For the three months ended
September 30,

March 31,

2023

2022

2023

(USD to
RMB/USD
to HKD)

Assets and liabilities - period end exchange rate

7.2952/7.8315

7.1128/7.8499

6.8680/7.8498

Revenue and expenses - period average

7.1232/7.8318

6.8456/7.8480

N/A

	For the six months ended September 30,
	2023		2022
	(USD to RMB/USD to HKD)		(USD to RMB/USD to HKD)
Assets and liabilities - period end exchange rate		7.2952/7.8315		7.1128/7.8499
Revenue and expenses - period average		7.2364/7.8243		6.7274/7.8471

Organic Agricultural Co Ltd 10-Q