11:51 AM EDT, 08/07/2025 (MT Newswires) -- Shineco ( SISI ) said Thursday its board approved a one-for-50 reverse stock split of the company's issued and outstanding common stock, effective Monday, as it aims to comply with the minimum bid price requirement for continued listing on Nasdaq.

The reverse stock split is expected to reduce the number of shares outstanding to about 914,455 shares from 45.7 million shares, the company said.

Shares of the company fell 2.8% in recent trading.