Company: SISI
Filing Date: 2025-05-15
Form Type: 10-Q
Source: 0001641172-25-010889
Chunk: 60

Company: SHINECO, INC.
Filing Date: 2025-05-15
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 of March 31, 2025 and June 30, 2024, the outstanding
amounts due to related parties consisted of the following:

SCHEDULE OF DUE TO RELATED PARTIES

    March 31, 2025  
    June 30, 2024 

    Wang Sai 
    $-  
    $58,846 
  
    Huang Shanchun 
     158,126  
     444,595 
  
    Liu Fengming 
     50,914  
     19,908 
  
    Yan Lixia 
     1,619  
     - 
  
    Zhan Jiarui 
     16,665  
     111,528 
  
    Liu Xiqiao 
     14,791  
     27,319 
  
    Lyu Jiajia (a) 
     -  
     478,547 
  
    Zhao Pengfei 
     6,889  
     6,880 
  
    Wang Xiaohui(b) 
     491,361  
     342,562 
  
    Chi Keung Yan(b) 
     1,201,884  
     614,427 
  
    Fuzhou Meidashan Biotechnology Co., Ltd. 
     5,121  
     13,297 
  
    Chongqing Fuling District Renyi Zhilu Silk Industry Co., Ltd 
     472,585  
     412,479 
  
    Chongqing Huajian Housing Development Co., Ltd (“Chongqing Huajian”) 
     283,449  
     344,996 
  
    Total due to related parties 
     2,703,404  
     2,875,384 
  
    Less: due to related parties, held for discontinued operations 
     (2,449,279) 
     (1,714,464)
  
    Due to related parties, held for continuing operations 
    $254,125  
    $1,160,920 

    a.
    On September 27, 2023, the Company entered into a loan agreement with Lyu Jiajia to borrow US$800,000 as working capital for one year, with a maturity date of September 29, 2024. The loan has a fixed interest rate of 15.0%