Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 86

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 86
---

     - 

    NET INCOME FROM DISCONTINUED OPERATIONS 
     -  
     8,855,247  
     -  
     - 

    Net loss attributable to non-controlling interest 
     -  
     (795) 
     -  
     - 

    NET INCOME FROM DISCONTINUED OPERATIONS ATTRIBUTABLE TO SHINECO, INC. 
    $-  
    $8,856,042  
    $-  
    $- 

    43

NOTE 21 - SUBSEQUENT EVENTS

On February 6, 2025, the Company entered
into a loan agreement with Bank of China to borrow US$479,553 (RMB 3.5 million) as working capital for one year, with a maturity date
of February 8, 2026. The loan has a fixed interest rate of 2.8% per annum. The loan is guaranteed by Ms. Wang Xiaohui and her family
member, as well as the other subsidiary of the Company, Chongqing Wintus. In addition, Chongqing Huajian and another third party pledged
their properties to guarantee the Company’s loan from Bank of China.

On February 10, 2025, the Company entered
into a loan agreement with Chongqing Rural Commercial Bank to borrow US$1,301,644 (RMB 9.5 million) as working capital for one year,
with a maturity date of February 9, 2026. The loan has a fixed interest rate of 4.30% per annum. The loan is guaranteed by Ms. Wang Xiaohui,
one of the shareholders of the Company, her family members, and Chongqing Huajian. The loan is also guaranteed by other subsidiaries
of the Company, Wulong Wintus Silk Co., Ltd (“Wulong Wintus”), Chongqing Hongsheng Silk Co., Ltd and Chongqing Liangping
Wintus Textile Ltd (“Liangping Wintus”). In addition, Chongqing Huajian pledged its properties to guarantee the Company’s
loan from Chongqing Rural Commercial Bank.

These unaudited condensed consolidated
financial statements were approved by management and available for issuance on February 14, 2025, and the Company has evaluated subsequent
events through this date. No subsequent events required adjustments to or disclosure