BEIJING, Dec. 28, 2017 /PRNewswire/ -- Shineco, Inc.
("Shineco" or the "Company")
(NASDAQ: TYHT), a manufacturer and distributor of Chinese
herbal medicines, organic agricultural products, specialized
textiles, and other health and well-being focused plant-based
products in China, today announced that the Company has
established an expert task force to serve the Apocynum Industrial
Park. The move by Shineco to send the expert task force to the
Apocynum Industrial Park garnered positive attention from the local
government and local community and was regarded by Xinjiang Korla
government as a Belt and Road industry benchmark.
On the morning of December 27,
2017, the expert task force led by Shineco arrived at
Apocynum Industrial Park in Xinjiang. The team, in addition to a
number of executives sent by the Shineco headquarter, also included
Dr. Lan Wang, a senior expert in
"Steam Explosion Degumming" biological technology from the Chinese
Academy of Sciences. Dr. Wang is expected to offer
professional knowledge Questions & Answers on call for the
Apocynum Industrial Park. The expert task force is expected to
operate from the Apocynum Industrial Park in Xinjiang for several
months and will make every effort to lay a solid foundation for the
rapid development of Apocynum Industrial Park.
Mr. Fang Lv, the deputy general manager of the Company, said,
"As we announced dated September this year, Shineco and its joint
venture, Xinjiang Shineco Taihe Agriculture Technology Ltd. started
to establish the Apocynum Industrial Park. At present, the Company
regards the Apocynum Industrial Park establishment as the top
priority for the strategic development of Shineco. Therefore, the
headquarters also gives its most
powerful support. As we can see, all the personnel in the expert
task force are all top talents in related fields."
Mr. Yuying Zhang, Chairman and
Chief Executive Officer of Shineco, stated, "We and the local
government have reached a consensus on the construction and the
development of Apocynum Industrial Park. We will maintain close
cooperation and communication in the future with the local
government. China's Apocynum
industrialization development is the goal and mission of Shineco
and we will spare no effort to carry it out through the Apocynum
Industrial Park project."
Mr. Yuying Zhang continued, "From
the government approval to the frequent interaction between the
local government and Shineco, it is not hard to understand that the
highly-advanced industrialization project of Apocynum is in perfect
harmony with the present "Belt and Road" policy and the development
strategy of the local government, which will play a key role in the
development of Shineco in the future."
About Shineco, Inc.
Incorporated in August 1997 and headquartered
in Beijing, China, Shineco,
Inc. ("Shineco" or the "Company") is a Delaware holding
company that uses its subsidiaries' and variable interest entities'
vertically- and horizontally-integrated production, distribution
and sales channels to provide health and well-being focused
plant-based products in China. Utilizing modern engineering
technologies and biotechnologies, Shineco produces, among other
products, Chinese herbal medicines, organic agricultural produce
and specialized textiles. For more information about the Company,
please visit www.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. 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, 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 Shineco's registration statement and in its other
filings with the Securities and Exchange Commission.
For more information, please contact:
Tina Xiao
Ascent Investor Relations LLC
Phone: +1-917-609-0333
Email: tina.xiao@ascent-ir.com
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SOURCE Shineco, Inc