ReTo Eco-Solutions Wins RMB 1.25 Million Equipment Supply Contract
ReTo Eco-Solutions, Inc. (NASDAQ: RETO) has secured a RMB 1.25 million contract with Honghe Litu Technology Co. Ltd for a sewage and garbage treatment project in Yinma Township, Yunnan Province. The project, commencing in August, aims to enhance waste management for over 300 residents. CEO Li Hengfang highlighted the company's commitment to ecological improvements in rural areas, planning to address sewage and garbage issues for 30,000 residents in Yunnan. This contract underscores ReTo's technological prowess and reputation in the industry.
- Secured a RMB 1.25 million contract, enhancing revenue potential.
- Project addresses sewage and garbage treatment for over 300 residents.
- Plans to improve waste management for 30,000 rural residents in Yunnan.
- None.
BEIJING, June 2, 2021 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a provider of technology solutions for the improvement of ecological environments, today announced that its wholly-owned Beijing Reit Technology Development Co., Ltd., has signed an equipment supply contract (the "Contract") worth RMB 1.25 million with Honghe Litu Technology Co.Ltd for sewage and garbage treatment project (the "Project") in Yinma Township, Honghe County, Yunnan Province. The Project, expected to start in August this year, is designed to provide sewage and garbage treatment equipment and effectively solve the problems related to daily sewage and garbage disposal for more than 300 local residents, and is expected to start in August this year.
Mr. Li Hengfang, ReTo's Chairman and Chief Executive Officer, commented, "We are excited to get the Contract to supply the equipment. The Contract affirms the Company's advanced technology, quality products and high reputation in the industry. As a one-stop provider of technology solutions for the improvement of ecological environment in China, the Company is always actively participating in rural construction to provide local residents with practical and feasible environmental improvement solutions. ReTo had sent a team of experts in the past six months to conduct a thorough on-site investigation in Yunnan, which is known for its mountainous landscape, and the team had devised a blueprint specifically tailored for Yunnan's geographical predicament. Looking forward, the Company will gradually solve the domestic sewage and garbage disposal problems of 30,000 rural residents and continue to improve the rural living condition in Yunnan."
About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Founded in 1999, ReTo (NASDAQ: RETO), through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide. The Company offers a full range 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 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. 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. Specifically, the Company's statements regarding: 1) the ability of additional features and customized configurations on its machinery and equipment products to attract new customers; 2) the ability of the growth of its business to resume in the near future; and 3) the further spread of COVID-19 or the occurrence of another wave of cases and the impact it may have on the Company's operations are 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 the construction industry in China; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in China 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
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SOURCE ReTo Eco-Solutions, Inc.
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