Shineco Inc. filed SEC Form 8-K: Leadership Update
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Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
On December 2, 2024, Shineco Inc. (the “Company”) announced that Mr. Aamir Ali Quraishi resigned as an independent director of the Company, effective December 17, 2024. He will be replaced by Mr. Jun Fu, who was appointed to the Board of Directors of the Company on December 3, 2024.
Mr. Quraishi’s retirement was not as a result of any disagreement with the Company on any matter relating to the Company’s operations, policies or practices.
Mr. Jun Fu will serve as an independent director in accordance with the rules of the Nasdaq Capital Market and the Company’s corporate governance policies. Mr. Jun Fu has extensive expertise and business experience in financial services and corporate governance.
The election of Mr. Jun Fu as a director was not made pursuant to any arrangement or understanding between Mr. Fu and any other person. Mr. Fu will serve on the Audit Committee, the Compensation Committee, and as the Chairman of the Nominating Committee of the Board of Directors. There are no current or proposed transactions in which Mr. Fu or any member of his immediate family has, or will have, a direct or indirect material interest that would require disclosure under Item 404(a) of Regulation S-K.
Mr. Jun Fu will receive compensation for his service as a director consistent with our standard arrangements for non-employee directors.
The Company thanks Mr. Aamir Ali Quraishi for his contributions to the Company and wishes him well in his future endeavors.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Shineco Inc. | ||
| Date: December 9, 2024 | By: | /s/ Jennifer Zhan |
| Jennifer Zhan, Chief Executive Officer | ||