Company: SISI
Filing Date: 2025-07-15
Form Type: DEF 14C
Source: 0001641172-25-019641
Chunk: 4

Company: SHINECO, INC.
Filing Date: 2025-07-15
Form: DEF 14C
Chunk 4
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itong                   
 Wang                      |     |        |  2,389,000 |     |            |  5.31 | % |
| Yali                      
 Zhang                     |     |        |  2,357,000 |     |            |  5.23 | % |
| Yi                        
 Yang                      |     |        |  2,098,000 |     |            |  4.66 | % |
| Total                     |     |        | 25,463,667 |     |            | 56.55 | % |

| 3 |

Reasons for the Reverse Stock Split

On June 16, 2025, the Company received a staff determination letter from the Listing Qualifications Department of Nasdaq notifying the Company that it is not in compliance with the minimum bid price requirement as set forth under Nasdaq Listing Rule 5550(a)(2) for continued listing on Nasdaq (the “Bid Price Requirement”). Furthermore, pursuant to Listing Rule 5810(c)(3)(A)(iv), the Company was not eligible for any compliance period, since the Company has effected a reverse stock split over the prior one-year period. Pursuant to the procedures set forth in the Nasdaq Listing Rule 5800 Series, the Company submitted a request for hearing before the Nasdaq’s Hearings Panel (the “Hearing”) to appeal Nasdaq’s determination. The Hearing request automatically stayed the suspension of trading of the Company’s Common Stock until such time that the Hearing is held and Nasdaq has made its determination. Nasdaq has set July 24, 2025 to be the Hearing date. Nasdaq’s determination is expected to depend, in part, on the Company’s prospective business plans, initiatives, and strategy to demonstrate its ability to maintain compliance with all applicable requirements for continued listing on Nasdaq, including its ability to regain compliance with the Bid Price Requirement. Accordingly, the Board and the Consenting Shareholders found it in the best interest of the Company and its shareholders to effectuate a reverse stock split. A decrease in the number of outstanding shares of our Common Stock resulting from the Reverse Stock Split should, absent other factors, increase the per share market price of the Company’s Common Stock, although there is no assurance that the trading price for the Common Stock would remain over the continued listing requirements of Nasdaq in order to regain compliance with the Bid Price Requirement or sustain a continued listing of our Common Stock on the Nasdaq. If the Reverse Stock Split is implemented, Nasdaq