Shineco executives launch up to $2M open-market stock purchase program

Shineco (SISI) announced that Ms. Jennifer Zhan, the CEO, and Mr. Sam Wang, the Company’s CFO, will jointly initiate a stock purchase program to purchase up to $2,000,000 of the Company’s common stock, par value $0.001 per share at a price of up to $1.50 per share, reflecting their strong beliefs that the Common Stock is undervalued. Under the Stock Purchase Program, purchases of the Common Stock will be made in the open market and funded by Ms. Zhan and Mr. Wang’s personal cash. The number of shares purchased under the Stock Purchase Program and the timing of any purchases may be based on many factors, including the level of the Company’s general business conditions and the pricing of the Common Stock.