ReTo Eco-Solutions Regains Nasdaq Compliance
ReTo Eco-Solutions, Inc. (NASDAQ: RETO) has announced that it has regained compliance with Nasdaq Listing Rule 5250(c)(1), which mandates timely filing of financial reports with the SEC. This follows the submission of its Annual Report on Form 20-F on October 30, 2020, and a subsequent close-out letter from Nasdaq on November 2, 2020. The Company emphasizes its commitment to ecological innovation and sustainable environmental solutions, aiming to provide products and services that improve ecological health through technology.
- Regained compliance with Nasdaq Listing Rule 5250(c)(1) enhances investor confidence.
- Filed Annual Report on Form 20-F, indicating transparency and regulatory adherence.
- None.
BEIJING, Nov. 3, 2020 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (the "Company," "we" or "ReTo") (NASDAQ: RETO), a one-stop, total technology solutions provider for the healthy improvement of ecological environments, today announced it received notice from Nasdaq stating that the Company has regained compliance with Nasdaq Listing Rule 5250(c)(1), which requires timely filing of periodic financial reports with the U.S. Securities and Exchange Commission (the "SEC").
On October 30, 2020, the Company filed its Annual Report on Form 20-F with the SEC and subsequently received a close-out letter from Nasdaq on November 2, 2020, which alerted the Company that it had regained compliance under Rule 5250(c)(1).
About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Founded in 1999, ReTo (NASDAQ: RETO) is a leader in ecological innovation, with sustainable environmental priorities and seeks to empower communities through its proprietary technologies, systems and solutions, which have been used to bring clean water and fertile soil to villages and cities worldwide. The Company is founded on its strategy of Technology Improves Ecology and is a full spectrum provider of products and services, ranging from the production of environmentally-friendly construction materials, environmental protection equipment and manufacturing equipment used to produce environmentally-friendly construction materials, to project consulting, design and installation for the health and improvement of ecological environments, such as ecological soil restoration, through solid waste treatment. For more information, please visit: http://en.retoeco.com
Forward-Looking Statements
This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as "may," "will," "intend," "should," "believe," "expect," "anticipate," "project," "estimate" or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies; the Company's future business development; product and service demand and acceptance; changes in technology; economic conditions; the growth of construction and ecological solutions in China and internationally; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China and internationally and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company's filings with the U.S. Securities and Exchange Commission, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.
For more information, please contact:
ReTo Eco-Solutions, Inc.
Giorgio Zhao
Beijing Phone: +86-010-64827328
ir@retoeco.com or 310@reit.cc
Global IR Partners
David Pasquale
New York Phone: +1-914-337-8801
RETO@globalirpartners.com
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SOURCE ReTo Eco-Solutions, Inc.
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