SISI - Shineco to acquire controlling interest in Xiang Peng You Kang Technology

Shineco (NASDAQ:SISI) has entered into non-binding framework agreements with certain shareholders of Xiang Peng You Kang Technology ("XPYK") to acquire at least 51% equity interest of XPYK. The final purchase price will be separately determined based on the evaluation report issued by a third party. The Company expects to develop comprehensive medical and healthcare services through upgrading XPYK's Yikang International Medical and Health Service platform and accelerating its digital transformation. XPYK is a comprehensive medical and healthcare group that develops biotechnology and integrates medical services and health management.  Through online health management and consultation services, combined with offline high-quality hospital doctor resources to provide medical care and other services, the Platform is expected to integrate online and offline businesses, connect cutting-edge technologies and healthcare professionals more efficiently, and provide a higher-quality, lower-cost, inclusive digital full-life-cycle health management ecosystem for the public Completion of the transaction is subject to due diligence and the

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Shineco to acquire controlling interest in Xiang Peng You Kang Technology