Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 62

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 62
---
 Huajian pledged its properties to guarantee the Company’s loan from Chongqing Rural
    Commercial Bank. The loan was fully repaid as of the date of this report. 

    g.
    The loan is guaranteed by Chongqing Wintus, a subsidiary of the Company.
    In addition, the Company’s properties with net book values of US$596,332 were pledged as collateral to secure this loan.

    Lender
     
    June 30, 2024

    Maturity Date
     
    Int. Rate/Year

    Jiangnan Rural Commercial Bank(a)
     
    $
    412,800

    2025/5/21

    4.65
    %
  
    Bank of Jiangsu

    405,369

    2025/1/20

    4.00
    %
  
    Bank of China(b)

    405,920

    2024/6/26

    4.90
    %
  
    United Overseas Bank(c)

    9,536,508

    July 2024 - December 2024

    4.20
    %
  
    Industrial and Commercial Bank of China

    412,800

    2025/06/20

    3.75
    %
  
    Industrial and Commercial Bank of China(d)

    619,199

    2024/9/22

    3.45
    %
  
    Bank of China(e)

    412,800

    2025/2/7

    3.45
    %
  
    Chongqing Rural Commercial Bank(f)

    1,307,199

    2025/3/18

    4.30
    %
  
    Total short-term bank loans
     
    $
    13,512,595

    31

The loans outstanding were guaranteed
by 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.
    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