On July 15, 2021, the board of directors of Shineco, Inc. appointed Jennifer Zhan as the Chief Executive Officer, effective immediately. Ms. Zhan replaces Ms. Ou Yang, whose termination was previously announced on July 12, 2021. Ms. Jennifer Zhan, age 33, was a founding partner of Tian 'Ang capital Beijing Investment Management Co. Ltd., a private equity investment firm, since January 2018.