Statement of Beneficial Ownership (sc 13d)
26 Agosto 2022 - 6:37PM
Edgar (US Regulatory)
UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
DC 20549
SCHEDULE
13D
(Rule
13d-101)
Information
to be Included in Statements Filed Pursuant to § 240.13d-1(a) and Amendments Thereto Filed Pursuant to § 240.13d-2(a)
Under
the Securities Exchange Act of 1934*
Shineco,
Inc.
(Name
of Issuer)
COMMON
STOCK, PAR VALUE $0.001 PER SHARE
(Title
of Class of Securities)
824567309
(CUSIP
Number)
Shanchun
Huang
Flat
111 Coleherne Court
Old
Brompton Road London, UK SW5 0ED
Telephone:
+447999 688888
(Name,
Address and Telephone Number of Person
Authorized
to Receive Notices and Communications)
July
26, 2022
(Date
of Event Which Requires Filing of This Statement)
If
the filing person has previously filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D,
and is filing this schedule because of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ☐.
Note.
Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See Rule 13d-7(b)
for other parties to whom copies are to be sent.
1
The remainder of this cover page shall be filled out for a reporting person’s initial filing on this form with respect to the subject
class of securities, and for any subsequent amendment containing information which would alter disclosures provided in a prior cover
page.
The
information required on the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18
of the Securities Exchange Act of 1934 or otherwise subject to the liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).
1 |
NAME
OF REPORTING PERSON
Shanchun
Huang
|
2 |
CHECK
THE APPROPRIATE BOX IF A MEMBER OF A GROUP (SEE INSTRUCTIONS)
|
(a) ☐ |
| |
|
(b) ☐ |
3 |
SEC
USE ONLY
|
4 |
SOURCE
OF FUNDS (SEE INSTRUCTIONS) PF
|
5 |
CHECK
IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT TO ITEM 2(d) or 2(e)
☐ |
6 |
CITIZENSHIP
OR PLACE OF ORGANIZATION
Malta
|
NUMBER
OF
SHARES |
7
|
SOLE
VOTING POWER
2,489,277 |
BENEFICIALLY
OWNED
BY |
8 |
SHARED
VOTING POWER
n/a |
EACH
REPORTING |
9
|
SOLE
DISPOSITIVE POWER
2,489,277 |
PERSON
WITH |
10
|
SHARED
DISPOSITIVE POWER
n/a |
11 |
AGGREGATE
AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
2,489,277 |
12 |
CHECK
IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES
CERTAIN
SHARES (SEE INSTRUCTIONS) ☐ |
13 |
PERCENT
OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
|
14 |
TYPE
OF REPORTING PERSON (SEE INSTRUCTIONS)
|
| (1) |
This
percentage is calculated based upon 16,397,356 shares of the Issuer’s common stock issued and outstanding as of August 24,
2022 |
Item
1. Security and Issuer.
This
Schedule 13D relates to the common stock par value $0.001 per share (the “Common Stock”) of Shineco, Inc., a Delaware Corporation
(the “Issuer”). The address of the principal executive offices of the Issuer is Room 3310, North Tower, Zhengda Center, No.
20, Jinhe East Road, Chaoyang District, Beijing People’s Republic of China 100020.
Item
2. Identity and Background.
This
statement is filed by Shanchun Huang, a Malta citizen (the “Reporting Person”).
The
principal mailing address of the Reporting Person is Flat 111 Coleherne Court, Old Brompton Road London SW5 0ED.
None
of the entities or persons identified in this Item 2 has during the past five years been convicted of any criminal proceeding (excluding
traffic violations or similar misdemeanors), nor been a party to a civil proceeding of a judicial or administrative body of competent
judgment, decree or final order enjoining future violations of, or prohibiting or mandating activities subject to, federal or state securities
laws or finding any violation with respect to such laws.
Item
3. Source and Amount of Funds or Other Consideration.
All
shares were purchased with the Reporting Person’s personal funds.
Item
4. Purpose of Transaction.
On
June 13, 2022, the Issuer entered into a certain stock purchase agreement (the “SPA”) with the Reporting Person, pursuant
to which the Issuer sold and issued to the Reporting Person 1,082,250 shares of Common Stock at a price of $ 2.12 per share on July 26,
2022.
On
August 11, 2022, the Issuer entered into a securities purchase agreement (the “Purchase Agreement”) with the Reporting Person.
In connection with the Purchase Agreement, the Reporting Person purchased from the Issuer a total of 533,448 shares of Issuer’s
Common Stock at a per share purchase price of $0.915 on August 17, 2022.
The
Reporting Person acquired all of his shares of the Issuer’s Common Stock for investment purposes. The Reporting Person believes
the securities of the Issuer represent an attractive investment opportunity.
The
Reporting Person has had and anticipates having further discussions with officers of the Issuer in connection with the Reporting Person’s
investment in the Issuer. The topics of these conversations will cover a range of issues, including those relating to the business ,
management, operations, capital allocation, asset allocation, capital and corporate structure, distribution policy, financial condition,
mergers and acquisitions strategy, overall business strategy, executive compensation, and corporate governance. The Reporting Person
may also communicate with other stockholders or interested parties, such as industry analysts, existing or potential strategic partners
or competitors, investment professionals, and other investors. The Reporting Person may at any time reconsider and change his intentions
relating to the foregoing. The Reporting Person may also take one or more of the actions described in subsections (a) through (j) of
Item 4 of Schedule 13D and may discuss such actions with the Issuer’s management, other shareholders of the Issuer, and other interested
parties, such as those set out above.
The
Reporting Person intends to review his investments in the Issuer on a continuing basis. Depending on various factors, including, without
limitation, the Issuer’s financial positions and strategic direction, the outcome of the discussions and actions referenced above,
actions taken by the board of directors, price levels of the Common Stock, other investment opportunities available to the Reporting
Person, tax implications, conditions in the securities market and general economic and industry conditions, the Reporting Person may
in the future take actions with respect to its investment position in the Issuer as it deems appropriate, including, without limitation,
purchasing additional Common Stock or other instruments that are based upon or relate to the value of the Common Stock or the Issuer
in the open market or otherwise, sales of some or all of its interests held by the Reporting Person, and/or engaging in hedging or similar
transactions with respect to the Common Stock.
Mr.
Huang is an affiliate of the Issuer and will continue to take an active role in the Issuer’s management and strategic direction.
Item
5. Interest in Securities of the Issuer.
| a) | The
Reporting Person owns an aggregate of 2,489,277 shares of the Issuer’s Common
Stock. Based upon 16,397,356 shares of the Issuer’s common stock outstanding as of
August 24, 2022, the shares of the Issuer’s Common Stock beneficially owned by the
Reporting Person constitute approximately 15.18% of the Common Stock of the Issuer
as calculated in accordance with Rule 13d-3(d)(1). |
| | | |
| b) | Mr.
Huang may be deemed to hold sole voting and dispositive power over 2,489,277 shares
of common stock of the Issuer. |
| | | |
| c) | To
the best knowledge of the Reporting Person, except as set forth in this Schedule 13D, the
Reporting Person has not effected any other transactions in any securities of the Issuer
in the past 60 days. |
| | | |
| d) | To
the best knowledge of the Reporting Person, except as set forth in this Schedule 13D, no
person other than the Reporting Person has the right to receive, or the power to direct the
receipt of, dividends from, or the proceeds from the sale of the shares of common stock reported
in Item 5(a). |
| | | |
| e) | Not
applicable. |
Item
6. Contracts, Arrangements, Understandings or Relationships with Respect to Securities of the Issuer.
Other
than as described herein, there are no contracts, arrangements, understandings or relationships (legal or otherwise) between the Reporting
Person and any other person with respect to any securities.
Item
7. Material to be Filed as Exhibits.
SIGNATURES
After
reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete
and accurate.
| August
26, 2022 |
/s/
Shanchun Huang |
| |
Shanchun
Huang |
Grafico Azioni Shineco (NASDAQ:TYHT)
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Da Mag 2024 a Giu 2024
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