Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 67

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 67
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    2026/9/2 
     3.35%
  
    Bank of Chongqing(b) 
     1,088,472  
    2026/7/3 
     4.00%
  
    Total long-term bank loans 
     1,708,488  

    Less: long-term bank loans, held for discontinued operations 
     (1,708,488) 

    Long-term bank loans, held for continuing operations 
    $-  

    Long-term bank loans-current, held for discontinued operations 
    $20,667  

    Long-term bank loans-non-current, held for discontinued operations 
    $1,687,821  

The loans outstanding were guaranteed by the following
properties, entities or individuals:

    a.
    Guaranteed by Ms. Wang Xiaohui and Mr. Chi Keung Yan, two of the shareholders of the Company. The loan is also guaranteed by other subsidiaries of the Company, Chongqing Wintus and Wulong Wintus. In addition, Liangping Wintus’s properties with net book values of US$524,046 were pledged as collateral to secure this loan.

    b.
    Guaranteed by Ms. Wang Xiaohui and Mr. Chi Keung Yan, two of the shareholders of the Company, and the family members of Ms. Wang Xiaohui. In addition, the Company’s properties with net book values of US$1,393,980 were pledged as collateral to secure this loan.

    Lender 
    June 30, 2024  
    Maturity Date 
    Int. Rate/Year 
  
    Chongqing Rural Commercial Bank(a) 
    $619,199  
    2024/9/7 
     4.85%
  
    Bank of Chongqing(b) 
     1,093,919  
    2026/7/3 
     4.00%
  
    Total long-term bank loans 
     1,713,118  

    Less: long-term bank loans, held for discontinued operations 
     (1,713,118) 

    Long-term bank loans, held for continuing operations 
    $-  

    Long-term bank loans-current, held for discontinued operations 
    $632,959  

    Long-term bank loans-non-current, held for discontinued operations 
    $1,080,159  

The loans outstanding were guaranteed by the following