Company: SISI
Filing Date: 2025-07-03
Form Type: PRE 14C
Source: 0001641172-25-017715
Chunk: 3

Company: SHINECO, INC.
Filing Date: 2025-07-03
Form: PRE 14C
Chunk 3
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 the authority, without further action by the stockholders of the Company, to carry out such action solely in connection with meeting The Nasdaq Capital Market’s (“Nasdaq”) minimum bid price requirements (discussed below), with the exact exchange ratio and timing to be determined at the discretion of the Board.

Under the Company’s Bylaws, any action required or permitted by the General Corporation Law of the State of Delaware (the “DGCL”) to be taken at an annual or special meeting of stockholders of the Company may be taken without a meeting, without prior notice and without a vote, if a consent in writing, setting forth the action so taken, is signed by the holders of outstanding stock having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all voting shares entitled to vote thereon were present and voted. Prompt notice of the approval of any action so taken must be given to those stockholders who have not consented in writing to the action and who, if the action had been taken at a meeting, would otherwise have been entitled to notice of the meeting.

On July 3, 2025, stockholders that, in the aggregate, were the record owners of 25,463,667 shares of our Common Stock representing, in the aggregate, 56.55% of our outstanding voting capital stock (together, the “Consenting Stockholders”), executed and delivered to the Company written consents authorizing and approving the Reverse Stock Split.

Accordingly, the Reverse Stock Split has been approved by stockholders representing the requisite number of shares of our outstanding voting capital stock. As such, no vote or further action of the stockholders of the Company is required to approve the Reverse Stock Split. You are hereby being provided with this notice of the approval of the Reverse Stock Split and related charter amendment by less than unanimous written consent of the stockholders of the Company. Pursuant to Rule 14c-2 promulgated under the Exchange Act, the Reverse Stock Split will not be effective, and the amendment will not be filed with the Secretary of State of the State of Delaware, until at least 20 calendar days after the mailing of the definitive Information Statement to our stockholders and in any case until the Board has selected the exact split ratio no later than twelve months from the date of the stockholders’ approval, solely in connection with satisfying the continued listing requirements of Nasdaq.

We will provide definitive information in a Current Report on Form 8-K to be filed