Effective August 26, 2020, the Board of Directors of Shineco, Inc. unanimously appointed a new director, Mr. Jin Liu, to the board of directors. Mr. Liu is considered an independent Director and has been accepted to serve as the Company's Audit Committee Chairman and the Company's Compensation Committee member. Jin Liu, has served as Executive Vice-President of China Science & Merchants Investment Management Group since 2014. Mr. Liu has served as an independent director of JLU Communication since 2017. Mr. Liu was appointed as a Director of the Company because he is an expert in risk control, information disclosure, financial management of domestic and foreign listed companies. Effective August 26, 2020, the Board of Directors unanimously accepted the resignation of Mr. He Cen from the Board of Directors.