The company operates a raw materials processing segment through its wholly owned subsidiary Tenet-Jove, which has been reclassified as discontinued operations. Planting, processing, and distribution of green and organic agricultural produce, including yew trees and bamboo willows, are conducted through Qingdao Zhihesheng Agricultural Produce Services, Ltd and Yushe County Guangyuan Forest Development Co., Ltd, both also reclassified as discontinued operations. Domestic air and overland freight forwarding services are outsourced to a third party and conducted through Zhisheng VIE and Yantai Zhisheng International Freight Forwarding Co., Ltd, similarly reclassified as discontinued operations.
On July 9, 2024, the subsidiary Fuzhou Meidashan Biotechnology Co., Ltd entered into distribution agreements with four distributors: Harbin Liaotongtang Chinese Medicine and Health Research Institute, Three Minutes (Zhejiang) Information Service Co., Hangzhou Misimao Science and Technology Co., Ltd., and Wu Qiang. These agreements pertain to the distribution of Fuzhou Meidashan's water-soluble phospholipid concentrate health food beverage. The distributors are restricted to selling the product in their directly operated stores and franchises and are prohibited from selling through other channels without prior authorization.
Suppliers referenced in company filings include Fuzhou Meidashan Biotechnology Co., Ltd; Hangzhou Misimao Science and Technology Co., Ltd.; Harbin Liaotongtang Chinese Medicine and Health Research Institute; Qingdao Zhihesheng Agricultural Produce Services, Ltd; Tenet-Jove; Three Minutes (Zhejiang) Information Service Co.; Wu Qiang; Yantai Zhisheng International Freight Forwarding Co., Ltd; Yushe County Guangyuan Forest Development Co., Ltd; and Zhisheng VIE.
Shineco Inc's Comment on Supply Chain
The company operates a raw materials processing segment through its wholly owned subsidiary Tenet-Jove, which has been reclassified as discontinued operations. Planting, processing, and distribution of green and organic agricultural produce, including yew trees and bamboo willows, are conducted through Qingdao Zhihesheng Agricultural Produce Services, Ltd and Yushe County Guangyuan Forest Development Co., Ltd, both also reclassified as discontinued operations. Domestic air and overland freight forwarding services are outsourced to a third party and conducted through Zhisheng VIE and Yantai Zhisheng International Freight Forwarding Co., Ltd, similarly reclassified as discontinued operations.
On July 9, 2024, the subsidiary Fuzhou Meidashan Biotechnology Co., Ltd entered into distribution agreements with four distributors: Harbin Liaotongtang Chinese Medicine and Health Research Institute, Three Minutes (Zhejiang) Information Service Co., Hangzhou Misimao Science and Technology Co., Ltd., and Wu Qiang. These agreements pertain to the distribution of Fuzhou Meidashan's water-soluble phospholipid concentrate health food beverage. The distributors are restricted to selling the product in their directly operated stores and franchises and are prohibited from selling through other channels without prior authorization.
Suppliers referenced in company filings include Fuzhou Meidashan Biotechnology Co., Ltd; Hangzhou Misimao Science and Technology Co., Ltd.; Harbin Liaotongtang Chinese Medicine and Health Research Institute; Qingdao Zhihesheng Agricultural Produce Services, Ltd; Tenet-Jove; Three Minutes (Zhejiang) Information Service Co.; Wu Qiang; Yantai Zhisheng International Freight Forwarding Co., Ltd; Yushe County Guangyuan Forest Development Co., Ltd; and Zhisheng VIE.
Sources:
Shineco Inc 's official press releases and regulatory filings; CSIMarket.com's supply-chain research; and the financial filings and press releases of other companies cited in this report.
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