Company: SISI
Filing Date: 2025-07-31
Form Type: 8-K
Source: 0001641172-25-021606
Chunk: 1

Company: SHINECO, INC.
Filing Date: 2025-07-31
Form: 8-K
Item: Item 3.01
Chunk 1
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 Decision pending the outcome of the Listing Council’s
review process.

The
Listing Council permits the Company to submit a memorandum in support of its position, which addresses the basis for the call for review
and provides any additional information that the Company wishes the Listing Council to consider as part of its review. The Company’s
memorandum must be provided by no later than close of business on August 11, 2025. The Company also is permitted to respond to any submission
by the Nasdaq staff by close of business on September 2, 2025.

While
the Company’s common stock will remain listed on The Nasdaq Stock Market pending the conclusion of the Listing Council’s
review, there can be no assurance that the Listing Council ultimately will determine that the Company’s common stock should remain
listed on The Nasdaq Stock Market following the completion of its review. Further, there can be no assurance that the Company will be
able to satisfy any conditions to continued listing set forth by the Listing Council, should the Listing Council impose such conditions.
In the event that the Company is unable to satisfy any such conditions, or if the Listing Council determines that the Company’s
securities should not remain listed on The Nasdaq Stock Market, following its review, then trading in the Company’s securities
will be suspended on The Nasdaq Stock Market, and the trading suspension will be converted to a delisting at some point thereafter following
completion of all Nasdaq administrative processes.

The
Company’s operations were not affected by the receipt of the Letter or the Listing Council Letter and are not affected by the Listing
Council’s call for review or the Panel Decision. The effect of the Listing Council’s stay of the suspension of trading and
delisting is that the Company’s common stock remains listed and trading on The Nasdaq Stock Market without interruption.

Item
8.01. Other Events.

On
July 28, 2025, the Company and two of its shareholders (“ Plaintiffs”) filed a lawsuit against Nasdaq in the United States
District Court for the Southern District of New York (Civil Action No. 1:25-cv-6159) seeking an initial expedited Temporary Restraining
Order (“ TRO”) to enjoin Nasdaq from suspending trading and delisting the Company’s common stock (“ Lawsuit”).
Plaintiffs allege Breach of Contract (Warranty), Breach of Contract (Covenant of Good Faith and Fair Dealing), Breach of Contract (Warranty)
 - Third Party Benef