M&A - SHINECO, INC.

Form Type: 8-K

Filing Date: 2025-03-20

Corporate Action: Acquisition

Type: New

Accession Number: 000149315225011015

Filing Summary: On March 20, 2025, Shineco Life Science Group Hong Kong Co., Limited, a subsidiary of Shineco, Inc., entered into a stock purchase agreement with Yi Yang, selling 75% equity interest in FuWang (HK) International Company Limited. The transaction includes a cash payment of RMB 63.89 million, issuance of 3,400,000 shares of common stock, and transfer of 71.42% equity interest in Dream Partner Limited. The deal has been approved by the board of directors. The cash payment and stock transfers have not occurred as of the report date. Several conditions and timelines for the transaction are outlined in the agreement, which is filed as an exhibit.

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