Current Report Filing (8-k)
March 23 2020 - 4:10PM
Edgar (US Regulatory)
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of report (date of earliest event
reported): March 23, 2020
SHINECO, INC.
(Exact name of registrant as specified
in its charter)
Delaware
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001-37776
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52-2175898
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(State or Other Jurisdiction
of Incorporation)
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(Commission File Number)
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(IRS Employer Identification No.)
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Room 1001, Building T5,
DaZu Square, Daxing District,
Beijing, People’s Republic of China
(Address of principal executive offices)
Registrant’s telephone number, including
area code: (+86) 10-87227366
Check the appropriate box below if the Form
8-K filing is intended to simultaneously satisfy the filing obligations of the registrant under any of the following provisions:
☐
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Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
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Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
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Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17
CFR 240.14d-2(b))
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Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17
CFR 240.13e-4(c))
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Securities registered pursuant to
Section 12(b) of the Act:
Title of each class
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Trading
Symbol(s)
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Name
of each exchange on which registered
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Common Stock
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TYHT
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NASDAQ Capital Market
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Indicate by check mark whether the registrant
is an emerging growth company as defined in Rule405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2
of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Indicate by check mark whether the registrant
is an emerging growth company as defined in as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter)
or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☐
If an emerging
growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with
any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act.
Item 5.02.
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Departure of Directors or Principal Officers; Election of Directors; Appointment of Principal Officers.
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Effective March 23, 2020, the Board of Directors
(the “Board”) of Shineco, Inc. (the “Company”) unanimously appointed a new director, Mr. Ning Chen, to
the Board. There is no arrangement or understanding between Mr. Chen and any other person pursuant to which Mr. Chen was selected
as Director, there is no family relationship between Mr. Chen and any director or officer of the Company. Mr. Chen is considered
an independent Director and has been accepted to serve as Chairman of the Company’s Compensation Committee and as a member
of the Company’s Nominating and Governance Committee. Mr. Chen will receive an annual board compensation package of $10,000
per year.
Mr. Chen was chosen as a director because of his
experience in financial management. Mr. Chen is currently the President of Jicai Capital Management (Beijing) Co., Ltd. From October
2017 to November 2018, Mr.Chen served as the CEO of Jijing Caihua Capital Management Co., Ltd. From June 2014 to October 2017,
Mr. Chen was Executive Vice President of China Science and Merchants Capital Management Group. From September 2011 to June 2014,
Mr. Chen was Vice President of Runjia Huasheng Investment Fund Management Co., Ltd. From January 1999 to September 2011, Mr. Chen
worked in China Cinda Asset Management Corporation. From September 1995 to January 1999, Mr. Chen served as Director in New China
Life Insurance Co., Ltd. From August 1993 to August 1995, Mr. Chen worked for Ping’an Insurance Corporation of China. From
July 1992 to August 1993, Mr. Chen worked at People’s Bank of China.
Effective March 23, 2020, the Board of Directors
accepted the resignation of Mr. Zhen Li from the Company’s Board. Mr. Li resigned in order to devote his energy to handling
his personal health issues. Mr. Li has declined to accept any remuneration for his service on the Board.
SIGNATURE
Pursuant
to the requirements of the Securities and Exchange Act of 1934, the Registrant has duly caused this report to be signed on its
behalf by the undersigned thereunto duly authorized.
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SHINECO, INC.
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By:
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/s/ Yuying Zhang
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Name:
Its:
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Yuying
Zhang
Chief Executive Officer
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Dated:
March 23, 2020
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