Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 215

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 2
Chunk 215
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31, 2025, net cash used in investing activities was US$3.0 million, primarily due to prepayment for business
acquisition of US$2.6 million and payment made for loans to third parties of US$0.5 million.

For the nine
months ended March 31, 2024, net cash used in investing activities was US$13.9 million, primarily due to disposal of Tenet-Jove
of US$13.9 million.

Financing Activities

For the nine
months ended March 31, 2025, net cash provided by financing activities amounted to approximately US$6.0 million, due to proceeds
from issuance of common stock of US$6.8 million, net cash provided by financing activities from discontinued operations of US$0.5 million,
partially offset by repayment of loan from third party of US$0.6 million, repayment of convertible note of US$0.4 million and repayments
of advances from related parties of US$0.4 million.

For the nine
months ended March 31, 2024, net cash provided by financing activities amounted to approximately US$3.2 million, due to proceeds
from issuance of common stock of US$2.0 million, proceeds from short-term loans of US$1.2 million, proceeds from advances from related
parties of US$0.6 million and proceeds received from investors for subscription of common stock of US$0.3 million, partially offset by
net cash used in)financing activities from discontinued operations of US$0.6 million and repayment of short-term loans of US$0.4 million.

71

ITEM
3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

As
a small reporting company, we are not required to provide the information required by this item.

ITEM 4. CONTROLS AND PROCEDURES

(a) Evaluation of Controls and Procedures

We maintain disclosure controls and procedures designed
to provide reasonable assurance that material information required to be disclosed by us in the reports filed or submitted under the Securities
Exchange Act of 1934, as amended, is recorded, processed, summarized, and reported within the time periods specified in the Securities
and Exchange Commission rules and forms, and that the information is accumulated and communicated to our management, including our Chief
Executive Officer and Chief Financial Officer, as appropriate to allow timely decisions regarding required disclosure.

Based on our review, our management,