Shineco, Inc. to Effect 50:1 Reverse Stock Split

Core Viewpoint - Shineco, Inc. has announced a 50:1 reverse stock split to comply with Nasdaq's minimum bid price requirement, effective August 11, 2025 [1][2]. Group 1: Reverse Stock Split Details - The reverse stock split will convert fifty current shares into one new share, with any fractional shares rounded up to the next whole share [3]. - The number of outstanding shares is expected to decrease from approximately 45,722,728 to about 914,455 shares, subject to adjustments for fractional shares [4]. - Proportionate adjustments will be made to the exercise prices and the number of shares underlying the Company's outstanding equity awards and incentive plans [4]. Group 2: Compliance and Listing - The reverse stock split aims to bring the Company into compliance with Nasdaq's minimum bid price requirement, although there is no guarantee that the stock price will remain above the required level for continued listing [2]. - The Company’s Common Stock will continue to trade under the symbol "SISI" on the Nasdaq Capital Market following the split [1]. Group 3: Stockholder Information - Stockholders holding shares in book-entry form will not need to take action to receive their post-split shares [5]. - Stockholders with pre-split certificates will receive a letter of transmittal with instructions on how to surrender their certificates [6].