Shineco, Inc. Announces Nasdaq Ticker Symbol Change from "TYHT" to "SISI"
15 Octubre 2021 - 8:00AM
Shineco, Inc. (“Shineco” or the “Company”; NASDAQ: TYHT), a
producer and distributor of Chinese herbal medicines, organic
agricultural and hemp products and other biotech products,
announced that its ticker symbol on the Nasdaq Stock Market
(NASDAQ) will change to "SISI" at the open of market trading
on Monday, October 18, 2021. Shineco has traded under the
ticker "TYHT" since the Company's initial public offering in 2016.
Ms. Jennifer Zhan, CEO of Shineco, commented,
“We are pleased to see that our ticker symbol is now aligned with
our brand and our vision, which will strengthen our visibility with
public investors and provide consistent recognition across all our
shareholders. We remain committed to our strategies and maximize
shareholder value by expanding our core capabilities, enhancing our
brand recognition, and continuing to invest in the industry.”
No action is required from Shineco shareholders
relative to the ticker symbol change. Shineco's common stock will
continue to be listed on NASDAQ and the CUSIP number will remain
unchanged.
About
Shineco, Inc.
Incorporated in Delaware in August 1997 and
headquartered in Beijing, China, Shineco is a holding company.
Utilizing modern engineering technologies and biotechnologies,
Shineco produces, among other products, Chinese herbal medicines,
organic agricultural produce, and specialized textiles. For more
information about Shineco, please
visit http://tianyiluobuma.com.
Forward-Looking Statements
This press release contains information about
Shineco's view of its future expectations, plans and prospects that
constitute forward-looking statements. You are cautioned not to
place undue reliance on these forward-looking statements. Actual
results may differ materially from historical results or those
indicated by these forward-looking statements as a result of a
variety of factors including, but not limited to, risks and
uncertainties associated with its ability to raise additional
funding, its ability to maintain and grow its business, variability
of operating results, its ability to maintain and enhance its
brand, its development and introduction of new products and
services, the successful integration of acquired companies,
technologies and assets into its portfolio of products and
services, marketing and other business development initiatives,
competition in the industry, general government regulation,
economic conditions, the impact of the COVID-19 pandemic,
dependence on key personnel, the ability to attract, hire and
retain personnel who possess the technical skills and experience
necessary to meet the requirements of its clients, and its ability
to protect its intellectual property. Shineco encourages you to
review other factors that may affect its future results in its
registration statement and in its other filings with the Securities
and Exchange Commission. The forward-looking statements in this
press release are based on current expectations and Shineco assumes
no obligation to update these forward-looking statements except as
required by the applicable rules and regulations.
For more information, please
contact:
Tina XiaoAscent Investor Relations LLCPhone:
+1-917-609-0333Email: tina.xiao@ascent-ir.com
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