Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 57

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 57
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 of December 31, 2024 and June 30,
2024, the Company had related party payables of US$2,303,421 and US$2,875,384, 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.

As of December 31, 2024 and June 30,
2024, the outstanding amounts due to related parties consisted of the following:

SCHEDULE OF DUE TO RELATED PARTIES

    December 31, 2024  
    June 30, 2024 

    Wang Sai 
    $-  
    $58,846 
  
    Huang Shanchun 
     20,818  
     444,595 
  
    Liu Fengming 
     44,442  
     19,908 
  
    Yan Lixia 
     81  
     - 
  
    Zhan Jiarui 
     11,982  
     111,528 
  
    Liu Xiqiao 
     14,791  
     27,319 
  
    Lyu Jiajia (a) 
     -  
     478,547 
  
    Zhao Pengfei 
     6,851  
     6,880 
  
    Wang Xiaohui(b) 
     577,223  
     342,562 
  
    Chi Keung Yan(b) 
     852,663  
     614,427 
  
    Fuzhou Meidashan Biotechnology Co., Ltd. 
     4,928  
     13,297 
  
    Chongqing Fuling District Renyi Zhilu Silk Industry Co., Ltd 
     467,217  
     412,479 
  
    Chongqing Huajian Housing Development Co., Ltd (“Chongqing Huajian”) 
     302,425  
     344,996 
  
    Total due to related parties 
    $2,303,421  
    $2,875,384 

    a.
    On September 27, 2023, the Company entered into a loan agreement with
    Lyu Jiajia to borrow US$800,000 as