SEC Comment Letter 0000000000-23-008234 to SHINECO, INC. (SISI) (CIK 0001300734) (SISI)
SHINECO, INC. (SISI) (CIK 0001300734)
Date: Aug. 1, 2023 · CIK: 0001300734 · Accession: 0000000000-23-008234
AI Filing Summary & Sentiment
File numbers found in text: 001-37776
Letter
United States securities and exchange commission logo August 1, 2023 Jennifer Zhan Chief Executive Officer SHINECO, INC. Room 1001, Building T5, DaZu Square Daxing District, Beijing People’s Republic of China Re:SHINECO, INC. Form 10-K for Fiscal Year Ended June 30, 2022 Response dated May 30, 2023 File No. 001-37776 Dear Jennifer Zhan: We have reviewed your filing and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to these comments within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe our comments apply to your facts and circumstances, please tell us why in your response. After reviewing your response to these comments, we may have additional comments. Form 10-K for the Year Ended June 30, 2022 Summary of challenges and risks involved in the VIE Arrangements and enforcing the VIE Agreements, page 7 1.We note your response to comment 5 and your revised disclosure here discussing the challenges and risks involved in the VIE arrangements and enforcing the VIE arrangements. Please also disclose, if true, that the VIE agreements have not been tested in a court of law. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. You may contact Nudrat Salik at 202-551-3692 or Terence O'Brien at 202-551-3355 if
FirstName LastNameJennifer Zhan Comapany NameSHINECO, INC. August 1, 2023 Page 2 FirstName LastName Jennifer Zhan SHINECO, INC. August 1, 2023 Page 2 you have questions regarding comments on the financial statements and related matters. Please contact Jessica Ansart at 202-551-4511 or Lauren Nguyen at 202-551-3642 with any other questions. Sincerely, Division of Corporation Finance Office of Industrial Applications and Services cc: David Manno
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United States securities and exchange commission logo
August 1, 2023
Jennifer Zhan
Chief Executive Officer
SHINECO, INC.
Room 1001, Building T5, DaZu Square
Daxing District, Beijing
People’s Republic of China
Re:SHINECO, INC.
Form 10-K for Fiscal Year Ended June 30, 2022
Response dated May 30, 2023
File No. 001-37776
Dear Jennifer Zhan:
We have reviewed your filing and have the following comments. In some of our
comments, we may ask you to provide us with information so we may better understand your
disclosure.
Please respond to these comments within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe our
comments apply to your facts and circumstances, please tell us why in your response.
After reviewing your response to these comments, we may have additional comments.
Form 10-K for the Year Ended June 30, 2022
Summary of challenges and risks involved in the VIE Arrangements and enforcing the VIE
Agreements, page 7
1.We note your response to comment 5 and your revised disclosure here discussing the
challenges and risks involved in the VIE arrangements and enforcing the VIE
arrangements. Please also disclose, if true, that the VIE agreements have not been tested in
a court of law.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
You may contact Nudrat Salik at 202-551-3692 or Terence O'Brien at 202-551-3355 if
FirstName LastNameJennifer Zhan
Comapany NameSHINECO, INC.
August 1, 2023 Page 2
FirstName LastName
Jennifer Zhan
SHINECO, INC.
August 1, 2023
Page 2
you have questions regarding comments on the financial statements and related matters. Please
contact Jessica Ansart at 202-551-4511 or Lauren Nguyen at 202-551-3642 with any other
questions.
Sincerely,
Division of Corporation Finance
Office of Industrial Applications and
Services
cc: David Manno