Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 59

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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SACTIONS

Due from Related Parties, Net

The Company has made temporary advances to certain
stockholders and senior management of the Company and to other entities that are either owned by family members of those stockholders
or to other entities that the Company has investments in. The receivable are non-interest bearing and due on demand.

As of March 31, 2025 and June 30, 2024, the outstanding
amounts due from related parties consisted of the following:

SCHEDULE OF DUE FROM RELATED PARTIES

    March 31, 2025  
    June 30, 2024 

    Chongqing Yufan Trading Co., Ltd (“Chongqing Yufan”) 
    $192,891  
    $318,041 
  
    Chongqing Dream Trading Co., Ltd 
     41,334  
     41,280 
  
    Wintus China Limited 
     412,379  
     412,379 
  
    Fujian Xinglinchun Health Industry Co., Ltd 
     24,456  
     24,424 
  
    Subtotal 
     671,060  
     796,124 
  
    Less: allowance for credit losses 
     (412,379) 
     (412,379)
  
    Total due from related parties, net 
     258,681  
     383,745 
  
    Less: due from related parties, held for discontinued operations 
     (234,225) 
     (359,321)
  
    Due from related parties, held for continuing operations 
    $24,456  
    $24,424 

Due to Related Parties

As of March 31, 2025 and June 30, 2024, the Company
had related party payables of US$254,125 and US$1,160,920 from continuing operation, respectively. As of March 31, 2025 and June 30, 2024,
the Company had related party payables of US$2,449,279 and US$1,714,464 from discontinued operation, respectively. These related party
obligations are primarily owed to the principal stockholders or certain relatives of the stockholders, and senior management of the Company,
who provide funds for the Company’s operations. The payables are unsecured, non-interest bearing, and due on demand.

    31

As