BEIJING, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Shineco, Inc. (“Shineco” or the “Company”; NASDAQ: SISI), a provider of technologically advanced healthcare products and services, announced today that the Company’s Board of Directors has approved a reverse stock split of its issued and outstanding shares of common stock, par value $0.001 per share (the “Common Stock”), at a ratio of 1-for-10.

北京，2024年2月14日（环球通讯社）--技术先进的医疗保健产品和服务提供商Shineco，Inc.（“Shineco”或“公司”；纳斯达克：SISI）今天宣布，公司董事会已批准将其已发行和流通的普通股（每股面值0.001美元）（“普通股”）反向拆分，以10比1的比例。

The Company is effecting the reverse split to regain compliance with the $1.00 minimum bid price required for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(a)(2). The reverse stock split is expected to become effective on February 16, 2024 (the “Effective Date”), and the shares are expected to begin trading on the split-adjusted basis on the Nasdaq Stock Exchange (“Nasdaq”) under the Company's existing trading symbol “SISI” at the market open on February 16, 2024.

根据纳斯达克上市规则5550（a）（2），该公司正在进行反向拆分，以重新遵守继续在纳斯达克资本市场上市所需的1.00美元最低出价。反向股票分割预计于2024年2月16日（“生效日期”）生效，股票预计将于2024年2月16日在纳斯达克证券交易所（“Nasdaq”）以公司现有交易符号“SISI”在市场上开始交易。

The new CUSIP number for the Company’s common stock will be 824567408. On the Effective Date, every 10 issued and outstanding shares of the Company’s Common Stock will be converted automatically into one share of the Company’s Common Stock without any change in the par value per share. Immediately after the reverse stock split, each stockholder's percentage ownership interest in the Company and proportional voting power will remain unchanged, except for minor changes and adjustments that will result from the rounding up of any fractional shares to the next whole number of shares.

该公司普通股的新CUSIP编号为824567408。在生效日期，公司普通股的每10股已发行和流通股份将自动转换为公司普通股的一股，而每股面值不发生任何变化。反向股票分割后，每位股东在公司的所有权权益百分比和比例投票权将保持不变，但任何分数股向上舍入到下一个整数股所产生的微小变化和调整除外。

The rights and privileges of the holders of shares of Common Stock will be substantially unaffected by the reverse stock split. Transhare Corporation is acting as transfer and exchange agent for the reverse stock split. Registered shareholders who hold shares of Common Stock are not required to take any action to recei.

普通股股东的权利和特权基本不受反向股票分割的影响。Transhare Corporation担任反向股票分割的转让和交换代理。持有普通股股份的注册股东无需采取任何行动接收。