Shineco Subsidiary Registered as a Member of Pharmaceutical Chamber of Commerce

Association with the Chamber Will Improve Visibility
and Could Lead to Potential Collaborations

BEIJING, June 08, 2023 (GLOBE NEWSWIRE) -- Shineco, Inc. (“Shineco” or the “Company”; NASDAQ: SISI), a provider of technologically advanced healthcare products and services, announced today that in May 2023, its wholly owned subsidiary. Shineco Life Science Research Co., Ltd., was registered as a member of the All-China Federation of Industry and Commerce Medical & Pharmaceutical Chamber of Commerce (the “Pharmaceutical Chamber of Commerce”), and Ms. Jennifer Zhan, CEO of Shineco, became a member of the Pharmaceutical Chamber of Commerce.

The Pharmaceutical Chamber of Commerce is a national level association that operates directly under the All-China Federation of Industry and Commerce and is registered with China’s Ministry of Civil Affairs. The Pharmaceutical Chamber of Commerce consists of a wide array of pharmaceutical enterprises throughout China, and it serves as an important link to the government, supports the interests of its members and serves as a platform for promoting the industry’s development.

Ms. Jennifer Zhan, CEO of Shineco, commented, “We are pleased that Shineco Life Science Research has been registered with the All-China Federation of Industry and Commerce Medical & Pharmaceutical Industry Chamber of Commerce. I am also very honored to have been named a director of the Pharmaceutical Chamber of Commerce for this essential industry whose products and discoveries help to care for the health and well-being of people’s lives.”

“We believe that our Company will benefit from being a member of the Pharmaceutical Chamber of Commerce as it will enable us to access industry resources, network with other businesses and professionals in the industry, increase our visibility in our product areas, and enhance our credibility as well as our commercial activities. We look forward to taking an active and productive role to promote our business and the pharmaceutical industry as a whole.”

There are approximately 1,500 direct members and more than 50 group members of the Chamber of Commerce that encompass the entire pharmaceutical industry of more than 5,000 pharmaceutical companies, covering all provinces and municipalities across China, with eight committees that organize and focus its activities.

About Shineco, Inc.

Shineco, Inc. (“Shineco” or the “Company) aims to ’care for a healthy life and improve the quality of life’ by providing safe, efficient, and high-quality health products and services to society. Shineco has researched and developed 33 vitro diagnostic reagents and related medical devices to date, and the Company also produces and sells healthy and nutritious food. For more information about Shineco, please visit www.biosisi.com.