Shineco, Inc. Reaches Consensus on Cooperation with Wuchang Municipal Government of Heilongjiang Province - Seite 2

Mr. Yuying Zhang, Chairman and Chief Executive Officer of Shineco, commented, “Shineco has always adhered to serving local economic development, maintaining long-term and close cooperative relationships with local governments and enterprises, working to promote the optimization of local agricultural structures, strengthening rural economic strength, and achieving industry hemp industry integration. We believe that this cooperation between Shineco and the Government will focus on industrial hemp cultivation to establish a series of industry hemp related industry chain development. The cooperation is to make "Wuchang Industry Hemp" a new city landmark besides "Wuchang Rice" and also to lay a solid foundation for Shineco’s future development plan of industry hemp in Harbin. It will greatly promote the comprehensive utilization value of industry hemp and further stimulate local economic growth. Shineco will also fully grasp the development opportunities of the industry hemp, actively integrate high-quality resources, and accelerate the implementation of our projects.”

About Shineco, Inc.

Incorporated in Delaware in August 1997 and headquartered in Beijing, China, Shineco is a holding company. Through its subsidiaries and variable interest entities, Shineco undertakes vertically- and horizontally-integrated production, distribution, and sales channels to provide health and well-being focused plant-based products in China. Utilizing modern engineering technologies and biotechnologies, Shineco produces, among other products, Chinese herbal medicines, organic agricultural produce, and specialized textiles. For more information about Shineco, please visit http://tianyiluobuma.com.

Forward-Looking Statements

This press release contains information about Shineco's view of its future expectations, plans and prospects that constitute forward-looking statements. Actual results may differ materially from historical results or those indicated by these forward-looking statements as a result of a variety of factors including, but not limited to, risks and uncertainties associated with its ability to raise additional funding, its ability to maintain and grow its business, variability of operating results, its ability to maintain and enhance its brand, its development and introduction of new products and services, the successful integration of acquired companies, technologies and assets into its portfolio of products and services, marketing and other business development initiatives, competition in the industry, general government regulation, economic conditions, dependence on key personnel, the ability to attract, hire and retain personnel who possess the technical skills and experience necessary to meet the requirements of its clients, and its ability to protect its intellectual property. Shineco encourages you to review other factors that may affect its future results in Shineco's registration statement and in its other filings with the Securities and Exchange Commission.

For more information, please contact:

Tina Xiao
Ascent Investor Relations LLC
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