Shineco, Inc. announced that the Company entered into a strategic cooperation agreement with Beijing Xihuan Psychological Consulting Co. Ltd. on February 21, 2022 to jointly build an industry-university-research-medical collaborative platform (the “Platform”) for psychological rehabilitation of tumor patients. Shineco and XHPC plan to use the Platform to conduct research on critical topics, introduce the results of relevant research into the Company's tumor clinical treatment system, and improve the development of Shineco's digital tumor diagnosis and treatment.

XHPC is a professional integrated psychological consulting company, providing one-stop social psychological solutions for enterprises, institutions, and certain social groups, such as psychological care organizations for youth. Over the years, XHPC has built a system to tackle the challenges of psychological and behavioral problems through psychological counseling, corporate employee assistance program (EAP) services, and psychological evaluation, which effectively promotes the healthy development of enterprises and improves the mental health of their employees. The modern treatment of tumors has evolved into a multi-disciplinary and comprehensive treatment to involve multiple factors, such as mental, physical, and societal.

The cooperation between the two parties will focus on the mental health of tumor patients. Leveraging both parties' respective advantages, the two parties expect to build an industry-university-research-medical platform and introduce the results of relevant research into Shineco's tumor clinical treatment system by conducting research on the mental health and intervention of tumors. By establishing an early intervention collaboration mechanism, the parties aim to create a regional integrated and collaborative diagnosis and treatment model to help improve the rate of early diagnosis and early treatment of tumor diseases.