Company: SISI
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001493152-25-006895
Chunk: 212

Company: SHINECO, INC.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 2
Chunk 212
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 to assist in reviewing and resolving accounting
    issues in routine or complex transactions. To mitigate the reporting risks, we engaged an outside professional consulting firm to
    supplement our efforts to improve our internal control over financial reporting;

    ●
    improving
    the communication between management, board of directors, and the Chief Financial Officer; 

    ●
    obtaining
    proper approval for other significant and non-routine transactions from the board of directors; and 

    ●
    implementing stringent written documentation and information to capture the borrower’s credit risk adequately and proper controls
and policies on the company’s money lending procedures.

We
are committed to monitoring the effectiveness of these measures and making any changes that are necessary and appropriate.

(b)
Changes in Internal Control over Financial Reporting

There
were no changes in our internal control over financial reporting that have materially affected, or are reasonably likely to materially
affect, our internal control over financial reporting during the fiscal quarter ended December 31, 2024. Because of its inherent limitations,
a system of internal control over financial reporting can provide only reasonable assurance and may not prevent or detect misstatements.
Further, because of changes in conditions, effectiveness of internal controls over financial reporting may vary over time. Our system
contains self-monitoring mechanisms, and actions are taken to correct deficiencies as they are identified.

PART
II - OTHER INFORMATION

ITEM
1. LEGAL PROCEEDINGS.

Other
than ordinary routine litigation (of which we are not currently involved), we know of no material, existing or pending legal proceedings
against us, nor are we involved as a plaintiff in any material proceeding or pending litigation, and there are no proceedings in which
any of our directors, officers or affiliates, or any registered or beneficial stockholder, is an adverse party or has a material interest
adverse to our company except as disclosed in the Quarterly Report on Form 10-Q, filed with the SEC on November 14, 2024.

ITEM
1A. RISK FACTORS.

As
a “smaller reporting company,” we are not required to provide the information required by this Item.

ITEM
2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS.

There
were no unregistered sales of the Company’s equity securities during the six months ended December 31, 2024 that were not previously
disclosed in reports filed with the SEC.

ITEM
3. DEFAULTS UPON SENIOR SECURITIES.

None.

ITEM
4.