Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 60

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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30,247 for the six months ended December 31, 2024 and 2023, respectively. The annual weighted average interest rates from continuing operations were
14.4% and 15.0% for the six months ended December 31, 2024 and 2023, respectively. The Company
recorded interest expenses from continuing operations of US$28,815 and US$30,247 for the three months ended December 31, 2024 and 2023,
respectively. The annual weighted average interest rates from continuing operations were 15.0% and 15.0% for the three months ended
December 31, 2024 and 2023, respectively.

Short-term bank loans

Short-term bank loans consisted of the
following:

 SCHEDULE OF SHORT TERM BANK LOANS

    Lender
     
    December 31, 2024

    Maturity Date
     
    Int. Rate/Year

    Jiangnan Rural Commercial Bank(a)
     
    $
              411,046

    2025/5/21

    4.65
    %
  
    Bank of Jiangsu(b)

              403,647 

    2025/1/20

    4.00
    %
  
    Bank of China(c)

              404,195 

    2024/6/26

    4.90
    %
  
    United Overseas Bank(d)

           9,534,339 

    January 2025- June 2025

    3.85%-4.20
    %
  
    Industrial and Commercial Bank of China

              411,046 

    2025/6/20

    3.75
    %
  
    Bank of China(e)

              411,046 

    2025/2/7

    3.45
    %
  
    Chongqing Rural Commercial Bank(f)

           1,301,644 

    2025/3/18

    4.30
    %
  
    Industrial and Commercial Bank of China(g)

              685,076

    2025/9/20

    3.10
    %
  
    Total short-term bank loans
     
    $
        13,562,039

    30

The loans outstanding were guaranteed
by