Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 63

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 63
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    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. 

    c.
    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$4.2 million
    under this loan agreement.

    d.
    Guaranteed by the other subsidiary of the Company, Chongqing Wintus.
    In addition, the Company’s properties with net book values of US$605,195 were pledged as collateral to secure this loan as
    of June 30, 2024. The loan was fully repaid upon maturity. 

    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.

    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 Huajian pledged its properties to guarantee the Company’s loan from Chongqing Rural
    Commercial Bank.

Long-term loans

Long-term bank loans consisted of the
following:

 SCHEDULE
OF LONG TERM BANK LOANS 

    Lender
     
    December 31, 2024

    Maturity Date
     
    Int. Rate/Year

    Chongqing Rural Commercial Bank(a)
     
    $
              616