Shineco, Inc. Announces Director Change
August 18 2022 - 9:00AM
Shineco, Inc. (“Shineco” or the “Company”; NASDAQ: SISI), a
producer and distributor of Chinese herbal medicines, organic
agricultural and other biotech products, today announced that on
August 17, 2022, the board of directors (the “Board”) has appointed
Mr. Aamir Ali Quraishi as a new Independent Director of the Board
effective immediately, to succeed Mr. Yanzeng An. Mr. Quraishi was
also appointed to the Company’s Audit Committee as well as Chairman
of the Company’s Nominating Committee.
Mr. Quraishi has over 25 years of investment
banking experience in Europe, Asia and the Middle East, having
worked in both bulge bracket and mid cap institutions. Since April
2021, Mr. Quraishi has been serving as the Non-Executive Chairman
of Bowen Fintech PLC, a London based special-purpose acquisition
company. He started his career at PWC and after achieving his ACA
moved on to work for a number of years in the M&A and Capital
Markets divisions at Dresdner Kleinwort Wasserstein (1996-2003) and
then Libertas Capital Group Plc (2003-2011). More recently, Mr.
Quraishi served as a Managing Director of Teneo Capital LLC
(2014-2018), a New York headquartered advisory and investment
banking firm where he was responsible for the group's GCC, Africa
and Asia coverage. He has also served as a Board Director of a
privately owned investment holdings company (2018-2020) with equity
interests in public and private companies across several
geographies and industry sectors including healthcare, mining,
consumer and real estate. Mr. Quraishi has completed over USD 20
billion in transactions. He graduated in Economics from Cambridge
University in the UK and remains a member of the ICAEW.
Ms. Jennifer Zhan, CEO of Shineco, commented, "I
would like to thank Mr. Yanzeng An for his years of contributions
to Shineco and wish him well in his future endeavors. I am pleased
to welcome Mr. Quraishi to the Board. Mr. Quraishi’s extensive
experience in investment banking and proven track record as a
leader in financial institutions will be a great asset to the
Company. We look forward to him being a valuable member of the
Board as the Company continues to execute its development
strategy."
About Shineco, Inc.
Incorporated in Delaware in August 1997 and
headquartered in Beijing, China, Shineco is a holding company.
Utilizing modern engineering technologies and biotechnologies,
Shineco produces, among other products, Chinese herbal medicines,
organic agricultural produce, and specialized textiles. For more
information about Shineco, please visit www.biosisi.com.
Forward-Looking Statements
This press release contains information about
Shineco's view of its future expectations, plans and prospects that
constitute forward-looking statements. You are cautioned not to
place undue reliance on these forward-looking statements. Actual
results may differ materially from historical results or those
indicated by these forward-looking statements as a result of a
variety of factors including, but not limited to, risks and
uncertainties associated with its ability to raise additional
funding, its ability to maintain and grow its business, variability
of operating results, its ability to maintain and enhance its
brand, its development and introduction of new products and
services, the successful integration of acquired companies,
technologies and assets into its portfolio of products and
services, marketing and other business development initiatives,
competition in the industry, general government regulation,
economic conditions, the impact of the COVID-19 pandemic,
dependence on key personnel, the ability to attract, hire and
retain personnel who possess the technical skills and experience
necessary to meet the requirements of its clients, and its ability
to protect its intellectual property. Shineco encourages you to
review other factors that may affect its future results in its
registration statement and in its other filings with the Securities
and Exchange Commission. The forward-looking statements in this
press release are based on current expectations and Shineco assumes
no obligation to update these forward-looking statements except as
required by the applicable rules and regulations.
For more information,
please contact:
Tina Xiao
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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