Shineco, Inc. announced that its Board of Directors has appointed Ms. Xiaohui Wang and Mr. Chi Keung Yan as executive officers of the Company in key leadership roles. Effective November 13, 2023, Shinecos Board of Directors appointed Ms. Xiaohui Wang as Executive President of the Company. From March 2000 to November 2013, Ms. Wang was the founder and Chairperson of Chongqing Wintus (New Star) Enterprises Group, where she was responsible for its corporate planning, supervision of the group's business in the Chongqing region, and where she planned and executed its core investment projects.

From February 1991 to March 2000, Ms. Wang worked as Manager at Chongqing Silk Import and Export Company where she was responsible for the company's import and export management. After joining the Chongqing Cocoon Silk Group, she held successive positions as the Director of President Office and Group Assistant, accumulating experience in textile, silk fabric development, and the clothing trade and export management. Ms. Wang has been honored with numerous awards such as the "National Silk Lifetime Achievement Award," "National March 8th Red-Banner Holder," "Chongqing City Outstanding Individual in Foreign Affairs Work," "Chongqing Outstanding Female Entrepreneur," "One of Chongqing's Top 100 Outstanding Private Entrepreneurs," and "Advanced Individual by the Chongqing Municipal People's Government." Ms. Wang currently serves as Vice President of China Silk Association, Director of the International Silk Federation, Vice Chairman of Chongqing Silk Society and Vice Chairman of Chongqing Women and Children's Foundation.

Ms. Wang graduated with a Master's degree in Business Administration from the University of Northern Virginia. Effective November 13, 2023, Shinecos Board of Directors appointed Mr. Chi Keung Yan as the Chief Strategy Officer of the Company. From 1997 to 2023, Mr. Yan was the CEO and Executive Director of Chongqing Wintus (New Star) Enterprises Group, where he was primarily responsible for its restructuring, mergers and acquisitions, and market development.

Since 2018, Mr. Yan served as a Senior Partner at Wealth Index Capital Limited (Hong Kong), overseeing corporate restructuring, mergers and acquisitions consulting, and corporate financing. In 2020, Mr. Yan was Investment Director at Hong Kong Nice Talent Asset Management Limited, managing investments in stocks, foreign exchange and gold, among other assets. Since 2016, Mr. Yan has been the Vice President of the Chongqing Enterprise Federation and the Vice President of the Chongqing Hong Kong-Macao Chamber of Commerce.

Mr. Yan has also held positions such as Partner at Firstline Capital Asia Pacific and Chinese Partner at Shenzhen Qianhai Wanyin Investment Fund Management Co. Ltd. In 2019, he was appointed as a Visiting Professor at the Biology Research Center of the Institute of Frontier and Interdisciplinary Science at Southwest University. Mr. Yan graduated with a Bachelors degree in Marketing from the Lee Wai Lee Technical Institute in Hong Kong in 1990 and completed a Masters degree in Chinese Market Studies from City Polytechnic of Hong Kong in 1995.