To our Stockholders:
NOTICE IS HEREBY GIVEN that a special meeting of stockholders (the “Special Meeting”) of Shineco, Inc. (the “Company”) will be held on Thursday, July 9, 2020 at 9 p.m., Eastern Time, at Room 3106, Building B, Jianwai SOHO, Chaoyang District, Beijing City, People’s Republic of China. At the Special Meeting, stockholders will consider and vote on the following matters:
1.To approve an amendment to our certificate of incorporation to effect, at the discretion of our Board of Directors (“Board”), a reverse stock split of our common stock at a ratio of not less than 1-for-2 and not greater than 1-for-25, subject to our Board’s authority to abandon such amendment (the “Reverse Stock Split Proposal”);
2.To approve an adjournment of the Special Meeting, if necessary, to solicit additional proxies if there are not sufficient votes at the time of the Special Meeting to approve the Reverse Stock Split Proposal (the “Adjournment Proposal”).
Stockholders of record at the close of business on May 20, 2020 will be entitled to vote at the meeting or any continuation, postponement or adjournment thereof.
The Board unanimously believes that each of the Reverse Stock Split Proposal and the Adjournment Proposal is in the best interests of the company and our stockholders. Accordingly, our Board recommends a vote “FOR” each of the Reverse Stock Split Proposal and the Adjournment Proposal, as outlined in the attached proxy statement.
We encourage all stockholders to attend the Special Meeting in person. Whether or not you plan to attend the Special Meeting in person, we encourage you to read this proxy statement and submit your proxy or voting instructions as soon as possible. Please review the instructions on each of your voting options described in the proxy statement.
Thank you for your ongoing support and continued interest in Shineco, Inc.
By Order of the Board of Directors,
Chief Executive Officer and Director
May 22, 2020
Important Notice Regarding the Availability of Proxy Materials for the Special Meeting of Stockholders to be Held on May 14, 2020: This notice of the Special Meeting and the accompanying proxy statement are available on our website at http://www.tianyiluobuma.com/index.php/English/New/index.