Shineco, Inc. announced that on June 21, 2016, Yin Weixing and Ji Shujuan resigned from the Board of Directors of the company and from their positions on all board committees on which each serves. Yin Weixing and Ji Shujuan each resigned for personal reasons and not due to any disagreement with management. On June 21, 2016, Yang Hua and Sam Wang were elected by the Board of Directors of the company to replace Mr. Yin and Ms. Ji, each of whom resigned from the Board. Each of Ms. Yang and Mr. Wang will serve until the next annual meeting of the company's stockholders or until their earlier resignation or removal. Ms. Yang will replace Ms. Ji on the Audit and Nominating Committees. On June 21, 2016, Yang Hua and Sam Wang were elected by the Board of Directors of the company to replace Mr. Yin and Ms. Ji, each of whom resigned from the Board. Each of Ms. Yang and Mr. Wang will serve until the next annual meeting of the Company's stockholders or until their earlier resignation or removal. Ms. Yang will replace Ms. Ji on the Audit and Nominating Committees. Ms. Yang Hua is a partner in the Grandall Law Firm. Mr. Wang has served as the Chief Financial Officer since February 2015. Mr. Wang has worked for Shineco, Inc. since 2011 where he served as Financial Controller until his appointment as Chief Financial Officer.
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, producing and distributing innovative rapid diagnostic products and related medical devices for the most common diseases (Rapid Diagnostic and Other Products) :This segment is conducted through Biowin, which specializes in the development, production and distribution of innovative rapid diagnostic products and related medical devices for the most common diseases; Producing, processing and distribution of agricultural products, such as silk and silk fabrics as well as fresh fruit s (Other agricultural products): This segment is conducted through Wintus, which specializes in producing, processing and distribution of agricultural products, such as silk and silk fabrics as well as tra
SHINECO, INC. 
