Company: SISI
Filing Date: 2025-03-13
Form Type: S-1/A
Source: 0001493152-25-010206
Chunk: 26

Company: SHINECO, INC.
Filing Date: 2025-03-13
Form: S-1/A
Chunk 26
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 PCAOB’s access in the future, the PCAOB Board will consider the need to issue a new determination. See “ Risk Factors — Risks Associated with Doing Business in China — Our shares of common stock may be delisted or prohibited from being traded over-the-counter under the Holding Foreign Companies Accountable Act, if the PCAOB is unable to inspect our auditors. The delisting or the cessation of trading of our shares of common stock, or the threat of them being delisted or prohibited from being traded, may materially and adversely affect the value of your investment. Additionally, the inability of the PCAOB to conduct inspections would deprive our investors with the benefits of such inspections. Our auditor has been inspected by the PCAOB on a regular basis” on page 18 of this prospectus.

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Summary Consolidated Financial Data

The following historical statements of operations and statements of cash flows for the fiscal years ended June 30, 2024 and 2023,and balance sheet data as of June 30, 2023 have been derived from our audited financial statements for those periods. The following historical statements of operations and statements of cash flows for the six months ended December 31, 2023 and balance sheet data as of December 31, 2023 have been derived from our unaudited financial statements for this period. Our historical results are not necessarily indicative of the results that may be expected in the future. In this section, WFOE refers to Tenet-Jove, a former wholly owned subsidiary of Shineco which was disposed as of September 2023. The balance sheet data as of December 31, 2023 and June 30, 2024 are not included below as the VIE structure was terminated in September 2023.

Selected Condensed Consolidated Statements of Loss and Comprehensive Loss

|                                                |     | For                          
 the Year Ended June 30, 2024 |             |   |     |                            |             |   |     |                                   |          |   |     |                          |        |     |              |            |     |              |             |   |
|:-----------------------------------------------|:----|:-----------------------------|------------:|:--|:----|:---------------------------|------------:|:--|:----|:----------------------------------|---------:|:--|:----|:-------------------------|-------:|:----|:-------------|-----------:|:----|:-------------|------------:|:--|
|                                                |     | Shine