Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 61

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 61
---
 the following properties, entities or individuals:

    a.
    Guaranteed by Mr. Liu Fengming, the former CEO of the Company, Beijing
    Kanghuayuan Technology, one of the shareholders of the Company and pledged by the patent rights of the Company.

    b.
    The Company did not repay the loan upon maturity, as of the date of
    this report, the Company has not received any notice from the bank for repayment, and it expects to continue using this bank facility.

    c.
    Guaranteed by Mr. Liu Fengming, the former CEO of the Company, and
    his wife, Ms. Liang Jie. Upon the maturity of the loan, the bank offered the Company an extension, however, the Company failed to
    sign the extension agreement due to an administrative issue. As of the date of this report, the Company has not received any notice
    from the bank for repayment, and it expects to continue using this bank facility. 

    d.
    Guaranteed by Ms. Wang Xiaohui and Mr. Chi Keung Yan, two of the shareholders
    of the Company, and the family member of Ms. Wang Xiaohui, Chongqing Huajian, Chongqing Yufan and Chongqing Yiyao Electromechanical
    Co., Ltd. In addition, Chongqing Huajian and Chongqing Yufan also pledged their properties as collateral to guarantee the Company’s
    loans from United Overseas Bank. As of the date of this report, the Company borrowed additional loans of approximately US$2.1 million
    under this loan agreement.

    e.
    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. The loan was fully repaid upon maturity. 

    f.
    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