Shineco Inc. (NASDAQ:TYHT) Files An 8-K Submission of Matters to a Vote of Security HoldersItem 5.07 on June 19, 2018 (the “8-K”), regarding the results of the Company’s Annual General Meeting of shareholders held on June 19, 2018. The sole purpose of this amendment is to update the disclosure regarding the results of the election of directors. Except as set forth herein, no other modifications to the 8-K are being made in this amendment.
Item 5.07 Submission of Matters to a Vote of Security Holders.
On June 19, 2018, Shineco, Inc. (the “Company”) held its 2018 Annual General Meeting of shareholders (the “Annual Meeting”). The number of shares of common stock entitled to vote at the Annual Meeting was 21,234,072 shares. The number of shares of common stock present or represented by valid proxy at the Annual Meeting was 16,369,272 shares. At the Annual Meeting, the following proposals were voted on:
| 1. | To re-elect Yuying Zhang, Sai (Sam) Wang, Jiping Chen, Ying (Teresa) Zhang, Yajun Shi, Leiger Yongman Yang, and Hua Yang to serve on the Company’s Board of Directors until the 2019 annual meeting of stockholders of the Company; |
| 2. | Re-appointment of Wei, Wei & Co., LLP as the Company’s independent registered public accounting firm for the fiscal year ending June 30, 2018. |
All director nominees were elected as directors, and the re-appointment of Wei, Wei & Co., LLP was approved.
The Company’s inspector of election reported the final votes of the shareholders as follows:
| For | Against | Withheld/Abstain | |
| Election of Directors | |||
| Yuying Zhang | 11,688,451 | 2,930 | |
| Sai (Sam) Wang, | 11,688,451 | 2,930 | |
| Jiping Chen | 11,688,451 | 2,930 | |
| Ying (Teresa) Zhang | 11,688,451 | 2,930 | |
| Yajun Shi | 11,688,451 | 2,930 | |
| Leiger Yongman Yang | 11,688,451 | 2,930 | |
| Hua Yang | 11,688,451 | 2,930 | |
| Re-appoint Wei, Wei & Co., LLP as the Company’s independent registered public accounting firm for the year ending June 30, 2018 | 16,365,939 | 2,930 |
About Shineco Inc. (NASDAQ:TYHT)
Shineco, Inc. is a holding company. The Company provides health and well-being focused plant-based products by using its subsidiaries’ and variable interest entities’ vertically- and horizontally-integrated production, distribution and sales channels. The Company operates through three segments: developing, manufacturing and distributing of specialized fabrics, textile products and other by-products derived from an indigenous Chinese plant called Apocynum Venetum, known as Bluish Dogbane (Luobuma); planting, processing and distributing of traditional Chinese medicinal herbal products, as well as other pharmaceutical products (Herbal products), and planting, processing and distributing of green and organic agricultural produce, as well as growing and cultivating of Chinese Yew trees (Agricultural products). It utilizes engineering technologies and biotechnologies to produce, among other products, Chinese herbal medicines, organic agricultural produce and specialized textiles.
