On July 9, 2024, Shineco, Inc.?s subsidiary, Fuzhou Meida Health Management Co. Ltd. (Fuzhou Meida) entered into distribution agreements (the Agreements) with four distributors, Harbin Liaotongtang Chinese Medicine and Health Research Institute, Three Minutes (Zhejiang) Information Service Co., Hangzhou Misimao Science and Technology Co. Ltd., and Wu Qiang (each, the Distributor), respectively.

Pursuant to the Agreements, Harbin Liaotongtang Chinese Medicine and Health Research Institute, Three Minutes (Zhejiang) Information Service Co., Hangzhou Misimao Science and Technology Co. Ltd., and Wu Qiang agreed to distribute Fuzhou Meida?s water-soluble phospholipid concentrate health food beverage (the Food Beverage) with an annual projected goal of approximately $1,374,420, $1,209,490, $7,256,934 and $2,418,980, respectively, in sales on a best-effort basis, for a term of three years. The price of the Food Beverage is set by the Company.

Under the terms of the Agreements, the Distributors shall sell the Food Beverage in the directly-operated stores and franchises owned by such Distributors, and not through any other channels, including e-commerce platforms, without prior authorization from the Company.