RETO News & Events

ReTo Eco-Solutions announced that its board of directors approved a combination of its Class A shares, no par value on a five-to-one basis. The Class A Shares will begin trading on a post combination basis on November 3. As a result of the share combination, each five pre-combination Class A Shares will be automatically combined into one Class A Share without any action on the part of the holders, with the number of issued and outstanding Class A Shares reduced from 7,327,491 to approximately 1,465,498. There will be no change to the par value of the Class A Shares, which will remain as no par value following the share combination.

ReTo Eco-Solutions' subsidiary Beijing REIT has partnered with a client in the United Arab Emirates to complete the shipment of the RT18A fully automatic production line. It is reported that this client introduced ReTo's RT15A fully automatic production line as early as 2009. Many years later, the client has once again chosen ReTo, this time purchasing the newly upgraded RT18A large-scale fully automatic production line.

ReTo Eco-Solutions announced that on April 25 it has closed the acquisition of 51% equity interest of MeinMalzeBier Holdings, a British Virgin Islands business company, a company engaged, through its PRC operating subsidiaries, in the marketing and sales of craft beer and craft beer machines in China. Earlier this year, ReTo launched the sales of its proprietary smart craft beer machines, marking a strategic expansion of its intelligent equipment into the beverage market. The acquisition of MeinMalzeBier is expected to create strong synergies with the Company's new product line, leveraging MeinMalzeBier's established sales network and market experience to accelerate product adoption and market penetration. The combination of the two businesses is expected to enhance the Company's market reach, improve cash flow, and contribute positively to its overall financial performance.

ReTo Eco-Solutions received a letter notifying the company that the Nasdaq Hearings Panel has concluded that the company has regained compliance with Nasdaq's minimum bid price requirement. The company will remain on a Discretionary Panel Monitor for a one-year period from the date of the Letter.