SUBSEQUENT EVENTS

6 Months Ended

Dec. 31, 2017

NOTE 18 – SUBSEQUENT EVENTS

On January 23, 2018, Shineco, Inc. entered into a Common Stock Purchase Agreement with IFG OPPORTUNITY FUND LLC (“IFG Fund”) whereby, upon the terms and subject to the conditions and limitations set forth therein, the Company has the right, from time to time in its sole discretion during the 24-month term of the Purchase Agreement, to direct IFG Fund to purchase up to a total of $15,000,000 of shares of common stock. The Shares are being offered in an indirect primary offering consisting of an equity line of credit, in accordance with the terms and conditions of the Purchase Agreement. The total number of shares of Common Stock that may be issued under this Agreement, excluding the Commitment Shares shall be limited to 4,000,000 shares of Common Stock.