Company: SISI
Filing Date: 2025-07-31
Form Type: 8-K
Source: 0001641172-25-021606
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Company: SHINECO, INC.
Filing Date: 2025-07-31
Form: 8-K
Item: Item 3.01
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Item
3.01 Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard; Transfer of Listing.

As
previously disclosed in a Form 8-K filed on June 23, 2025, on June 16, 2025, Shineco Inc. (the “ Company”) received a staff
determination letter (the “ Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“ Nasdaq”)
notifying the Company that it was not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2)
(“ Bid Price Rule”) for continued listing on Nasdaq. Furthermore, pursuant to Nasdaq Listing Rule 5810(c)(3)(A)(iv), the Letter
notified the Company that it was not eligible for any compliance period, since the Company had effected a reverse stock split over the
prior one-year period. The Letter informed the Company that the Company’s securities would be suspended from trading on The Nasdaq
Capital Market at the opening of business on June 25, 2025, unless the Company timely requested a hearing before a Nasdaq Hearings Panel
(the “ Panel”).

Accordingly,
on June 23, 2025, the Company timely requested a hearing before the Panel. On July 24, 2025, the Panel conducted a hearing and the Company
attended the hearing (the “ Hearing”) regarding the Company’s non-compliance with the Bid Price Rule.

On
July 25, 2025, the Company received a letter from the Panel stating that the Panel had determined to deny the Company’s request
for continued listing on The Nasdaq Capital Market, and the hearings department informed that trading in the Company’s common stock
would be suspended at the open of trading on July 29, 2025 (the “ Panel Decision”).

On
July 28, 2025, the Company received notice that the Nasdaq Listing and Hearing Review Council (the “ Listing Council”), pursuant
to its authority under Nasdaq Listing Rule 5820(b), decided to call this matter for review and to grant a stay of the Panel Decision
pending the outcome of that review, thereby staying the suspension of trading and delisting of the Company’s common stock pending
further review by the Listing Council (the “ Listing Council Letter”). Specifically, the Listing Council Letter confirmed
that the Listing Council stayed the effectiveness of the July 25, 2025, Panel