Form 8K
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549
Form
8-K
Current
Report Pursuant
to Section 13 or 15(d)
of
The Securities Exchange Act of 1934
Date
of Report (Date of earliest event reported): 05/18/2006
SHINECO,
INC.
(Exact
name of registrant as specified in its charter)
Delaware
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000-50913
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52-2175898
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(State
or other jurisdiction of incorporation)
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(Commission
File Number)
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(IRS
Employer Identification Number)
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B-3106,
#39 East 3rd Ring Road, Chaoyang District, Beijing, PR China
100022
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(Address
of principal executive offices, including zip code)
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86
10-5869-3011
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(Registrant's
telephone number, including area
code)
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ITEM
5.02: DEPARTURE
OF DIRECTORS OR PRINCIPAL OFFICERS; ELECTION OF DIRECTORS; APPOINTMENT OF
PRINCIPAL OFFICERS
On
May
18, 2006, Mr. John R. Rice III departed from his position as a member of the
Company’s board of directors.
On
May
18, 2006, the Company formally appointed Ms. Dan Liu, age 33, to serve as Chief
Financial Officer and Director of the company. Ms. Liu has been the Chief
Financial Officer of Beijing Tenetjove Technological Development Co., Ltd.
since
December 2005. Her duties are to direct and oversee all financial activities
of
the company, including preparation of current financial reports, summaries
and
forecasts for future business growth, as well as providing accurate and complete
financial information for decision making. Also, she is in charge of financial
work related to fund-raising and obtaining listing or quotation of the Company’s
securities in the US securities markets. Ms. Liu has 12 years of experience
in
economics and financial affairs. Prior to joining Tenetjove, Ms. Liu was CFO
of
Shenzhen Aerospace Information Co., Ltd., from August 2004 to December 2005.
From September 2002 to July 2004, she was a full time student at China Renmin
University studying for her Master’s degree in Financial Management. Prior to
this, Ms. Liu served as Vice President at the YantaLu Sub-Branch of the Shaanxi
Branch of the Bank of China from May 2002 to September 2002. From June 1994
to
May 2002, she was an employee at the Qinhuangdao branch of the Bank of China.
Ms. Liu received her Master’s degree in Administration from China Renmin
University and her Bachelor’s degree in Economics from Shanghai Financial and
Economic University. She is a Chinese Certified Public Accountant, Chinese
Evaluator of Registered Capital, and an economist.
On
May
18, 2006, the Company formally appointed Mr. Shuangpeng Tian to his position
as
a member of the company’s board of directors. Mr. Shuangpeng Tian, age 55, has
been the Vice Board Chairman of Beijing Tenetjove Technological Development
Co.,
Ltd. since December 2003 and director of Tianjin Tenethealth Technological
Development Co., Ltd. since July 2003. His responsibilities at Shineco include
participating in corporate decision making as a member of the Board of
Directors. At the same time as he works for Shineco, Inc. and Beijing Tenetjove
Technological Development Co., Ltd., Mr. Tian has served as Vice Chairman of
Tianjin Kinghealth Technological Development Co., Ltd. since December 2003
to
present. From August 1994 to April 2006, he served as General Manager of Renqiu
Electric Power Company Hebei Province. Mr. Tian received his Bachelor’s degree
in Electronic Engineering from Xi'an JiaoTong University.
On
May
18, 2006, the Company formally appointed Mr. Xiaoguang Zhang to his position
as
a member of Shineco’s board of directors. Mr. Xiaoguang Zhang, age 56, has also
served as President of Beijing ZhongMeiRongGuang Investment Consulting Co.,
Ltd.
from November 2003 to present. From August 2000 to November 2003, Mr. Zhang
was
Vice President of Dongfang Haoyu Investment Group in charge of investment
services. Before that, beginning in April 1992, Mr. Zhang served as Supervising
Department Director of the Industrial and Commercial Bank of China. Mr. Zhang
has over 20 years of experience in dealing with securities and financing
transactions.
On
May
18, 2006, the Company changed its Corporate Secretary from Ms. Lin Wen to Ms.
Nicole Li Wei. Ms. Nicole Li Wei, age 27, has been the Corporate Secretary
of
Shineco, Inc. since May 18, 2006. She also served as Corporate Secretary of
Beijing Tenetjove Technological Development Co., Ltd. from May 2006 to present.
Her responsibilities at Shineco include: assisting the board of directors in
compliance with listing rules, maintaining corporate governance records, and
facilitating board of directors or committee meetings. Further responsibilities
include assisting with the design of the company's capital operations and
fundraising activities; coordinating relationships between the board of
directors, supervisory board, and executive officers; and coordinating legal
support and consultations regarding corporate decision making. Prior to joining
Shineco, she was the enterprise management department director of China Force
Oil & Grains Industrial Holdings Co., Ltd. from July 2004 to May 2006, where
she participated in and supervised Chinese enterprises' corporate finance
projects on the Chinese mainland and in overseas countries, and she also had
responsibilities in investment and corporate finance management. Ms. Wei served
as an investment department director of the National Development Bank from
March
2002 to July 2004. Ms. Wei received her Bachelor’s degree in Management and
Master’s degree in Economics from the University of International Business and
Economics in Beijing, China.
ITEM
8.01: OTHER
EVENTS
On
June
6, 2006, the Company changed securities counsel, from Mr. Steven L. Siskind,
its
former counsel, to Bruce M. Pritchett, its new counsel.
SIGNATURES
Pursuant
to the requirement of the Securities Act of 1934, the Registrant has duly caused
this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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Shineco,
Inc.
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Dated
this 18th
of
August 2006
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By:
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/s/
Yuying Zhang
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Yuying
Zhang
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Chairman
and Chief Executive Officer
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