Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 65

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 65
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 also guaranteed by other subsidiaries of the Company, Chongqing
    Wintus and Wulong Wintus. In addition, Liangping Wintus’s properties with net book values of US$545,597 were pledged as collateral
    to secure this loan as of June 30, 2024. The loan was fully repaid upon maturity.

    b.
    Guaranteed by Ms. Wang Xiaohui and Mr. Chi Keung Yan, two of the shareholders
    of the Company, and the family members of Ms. Wang Xiaohui. In addition, the Company’s properties with net book values of US$1,451,298
    were pledged as collateral to secure this loan as of June 30, 2024.

The future maturities of long-term bank
loans as of December 31, 2024 were as follows:

 SCHEDULE
OF MATURITIES OF LONG -TERM BANK LOANS 

    Twelve months ending December 31,

    2025
     
    $
                20,552

    2026

           1,678,436

    Total long-term bank loans
     
    $
           1,698,988

The Company recorded interest expenses
from continuing operations of US$320,814 and US$279,711 for the six months ended December 31, 2024 and 2023, respectively. The Company
recorded interest expenses from continuing operations of US$170,234 and US$165,575 for the three months ended December 31, 2024 and 2023,
respectively. The annual weighted average interest rates from continuing operations were 4.15% and 4.30% for the six months ended December
31, 2024 and 2023, respectively. The annual weighted average interest rates from continuing operations were 4.21% and 4.32% for the three
months ended December 31, 2024 and 2023, respectively. Interest expenses from discontinued operations were both nil for the six and three
months ended December 31, 2024 and 2023, respectively.

NOTE 14 - CONVERTIBLE NOTES PAYABLE

On
June 16, 2021, the Company entered into a Securities Purchase Agreement pursuant to which the Company issued an unsecured convertible
promissory note with a maturity date of June 17, 2022 (“the Note”) to an