Shineco, Inc. Regains Compliance with Nasdaq Continued Listing Requirement and Rules with Respect to Annual Meeting of Shareh...
December 05 2019 - 9:00AM
Shineco, Inc. ("Shineco" or the "Company"; Nasdaq: TYHT), a
producer and distributor of Chinese herbal medicines, organic
agricultural produce, specialized textiles, and various health and
well-being focused plant-based products in China, announced
today that it has regained compliance with Nasdaq’s continued
listing requirement and rules with respect to annual meeting of
shareholders.
On July 1, 2019, the Company received a written
notification from the Nasdaq Listing Qualifications Staff
indicating that the Company did not comply with the annual meeting
requirement for continued listing on The Nasdaq Capital Market set
forth in Listing Rule 5620 (the “Rule”).
On December 4, 2019, the Company received
another written notification from Nasdaq Listing Qualifications
Staff indicating that the Company has regained compliance with the
annual meeting requirement for continued listing on The Nasdaq
Capital Market set forth in the Rule.
The Company has filed a Form 8-K with the
Securities and Exchange Commission on December 2, 2019 for holding
Company’s 2018/2019 annual meeting of shareholders on November 26,
2019.
About Shineco, Inc.
Incorporated in Delaware in August
1997 and headquartered in Beijing, China, Shineco is
a holding company. Through its subsidiaries and variable
interest entities, Shineco undertakes vertically- and
horizontally-integrated production, distribution, and sales
channels to provide health and well-being focused plant-based
products in China. 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 http://tianyiluobuma.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. 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, 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 Shineco's
registration statement and in its other filings with the Securities
and Exchange Commission.
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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