Shineco, Inc. announced that on February 16, 2022, the Company entered into a strategic cooperation framework agreement (the “Agreement”) with Beijing Jinshengyun Pharmaceutical Technology Co. Ltd. (“JSY”), a Beijing-based outsourcing service company engaged in comprehensive drug and medical device development, for in-depth cooperation in the research and development (“R&D”) of innovative drugs and medical devices. Both parties plan to promote innovative drugs and medical devices and support the establishment of Shineco pharmaceutical R&D and innovation center.

JSY is a professional outsourcing service company engaged in comprehensive drugs and medical devices development. JSY is dedicated to providing drug and medical device clinical trials, R&D, project management, and project risk assessment for Chinese and international pharmaceutical companies. JSY has achieved the modern management of clinical trials and provided qualified solutions for clinical trials through the application of digital technology and system.

JSY's team has expertise on fulfilling the requirements of International Conference on Harmonisation-Good Clinical Practice (ICH-GCP), China's National Medical Products Administration-Good Clinical Practice (NMPA-GCP) and domestic and international regulatory, and rich experience in clinical research and management.