On May 20, 2021, Mr. Baolin Li notified Shineco, Inc. of his resignation as a director of the company, effective May 20, 2021. Mr. Li’s resignation was due to personal reasons and not due to any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. To fill in the vacancy on the board of directors of the company created by Mr. Li’s resignation, on May 24, 2021, the Nominating Committee of the Board recommended, and the Board elected, Ms. Minye Wang as a director of the company. Ms. Minye Wang, age 30, has served as the senior partner and vice general manager of Yunnan Lande Regional Development Research Co. Ltd. On May 20, 2021, Mr. Ning Chen notified the Company of his resignation as an independent director of the Company, effective May 20, 2021. Mr. Chen’s resignation was due to personal reasons and not due to any disagreement with the Company on any matter related to the operations, policies, or practices of the Company. To fill in the vacancy on the Board created by Mr. Chen’s resignation, on May 24, 2021, the Nominating Committee of the Board recommended, and the Board elected, Mr. Lei Gao as an independent director and serve as the chairperson of the Compensation Committee of the Board and a member of Nominating Committee of the Board. Mr. Lei Gao, age 52, has served as the chairman and legal representative of Beijing United Xinyuan Investment Consulting Co. Ltd.
Shineco Inc is a holding company. The Company provides health and well-being focused plant-based products by using its subsidiaries' and variable interest entities' vertically and horizontally integrated production, distribution and sales channels. The Company operates through three segments. Developing, producing and distributing innovative rapid diagnostic products and related medical devices for the most common diseases (Rapid Diagnostic and Other Products) :This segment is conducted through Biowin, which specializes in the development, production and distribution of innovative rapid diagnostic products and related medical devices for the most common diseases; Producing, processing and distribution of agricultural products, such as silk and silk fabrics as well as fresh fruit s (Other agricultural products): This segment is conducted through Wintus, which specializes in producing, processing and distribution of agricultural products, such as silk and silk fabrics as well as tra
SHINECO, INC. 