Shineco, Inc. Enters into Strategic Cooperation Agreement with Wuchang Municipal Government of Heilongjiang Province
Shineco, Inc. (TYHT)
US:NASDAQ Investor Relations:
prnewswire.com/news-releases/shineco-inc-retains-ascent-investor-relations-llc-300455575.html
Company Research
Source: GlobeNewswire
BEIJING, Dec. 23, 2019 (GLOBE NEWSWIRE) -- Shineco, Inc. ("Shineco" or the "Company"; NASDAQ: TYHT), a producer and distributor of Chinese herbal medicines, organic agricultural produce, hemp products, and various health and well-being focused plant-based products in China, announced today the Company, through its wholly owned subsidiary Beijing Tenjove NewHemp Biotech Co., Ltd. ("TNB"), has entered into a strategic cooperation agreement (the “Agreement”) with Wuchang Municipal Government of Heilongjiang Province (the “Government”) on December 18, 2019. As previously disclosed in a release on December 16, 2019, Mr. Yuying Zhang, Chairman and Chief Executive Officer of Shineco, has reached a consensus on cooperation with Vice Mayor Zhang Jianchun of the Government regarding Shineco’s industrial hemp development plan in Heilongjiang Province (the “Plan”). Pursuant to the Agreement, the Government agrees to actively promote the execution of the Plan, coordinate relevant departments t
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