Subsidiary of ReTo Eco-Solutions Signs Contract to Supply Block Production Lines for an Infrastructure Engineering Firm in Jilin Province

Rhea-AI Summary

ReTo Eco-Solutions, Inc. (Nasdaq: RETO) has announced a contract through its subsidiary, Beijing REIT Technology Development Co., Ltd., to supply two RT10 Block Production Lines to Jilin Jiada Municipal Landscape Engineering Co. in Jilin Province, China. The RT10 model, developed using specialized technologies, caters to diverse production needs while ensuring quality and efficiency. CEO Hengfang Li stated that these machines will produce environmentally friendly materials, aligning with the company's eco-centric mission. ReTo aims to support urban development and modernization in Jilin, contributing to the integration of comprehensive facilities.

Positive

• Contract signed with Jilin Jiada for supplying RT10 Block Production Lines.
• RT10 model enhances production quality and operational efficiency.
• Supports the production of environmentally friendly materials, aligning with eco-friendly mission.

Negative

• None.

BEIJING, Feb. 28, 2023 /PRNewswire/ --  ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the "Company") today announced that its subsidiary, Beijing REIT Technology Development Co., Ltd. ("Beijing REIT"), has signed contract to supply professional  Block Production Lines to Jilin Jiada Municipal Landscape Engineering Co. ("Jilin Jiada"), an infrastructure engineering firm that participated in the construction of major highways in Jilin Province, China.

Pursuant to the contract signed, Beijing REIT will supply two model RT10 Block Production Lines to Jilin Jiada. The model RT10 is the latest model developed by Beijing REIT utilizing its specialized technologies, which can meet the need of production for different clients while ensure high product quality and efficient operation.

Mr. Hengfang Li, Chairman and CEO of the Company, commented: "The machines we supply to Jilin Jiada will be used for the manufacturing of environmentally friendly materials, which coincides with the Company's motto of promoting the concept of 'utilizing technology to improve ecology'. RETO will continue our efforts in innovation and help our clients including Jilin provincial government to achieve the integration of comprehensive facilities that aim at empowering the urban development and modernization of the city, achieving the next level of development with regard to building a digitalized city."

About ReTo Eco-Solutions, Inc.

Founded in 1999, ReTo, through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide. The Company, through its operating subsidiaries in China, is engaged in the manufacture and distribution of eco-friendly construction materials (aggregates, bricks, pavers and tiles), made from mining waste (iron tailings), as well as equipment used for the production of these eco-friendly construction materials. In addition, the Company provides consultation, design, project implementation and construction of urban ecological protection projects and parts, engineering support, consulting, technical advice and service, and other project-related solutions for its manufacturing equipment and environmental protection projects. The Company also offers roadside assistance services and software development services utilizing Internet of Things technologies. 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. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company's goals and strategies, including those related to the EOD Project,  the Company's future business development such as municipal construction projects; product and service demand and acceptance; changes in technology; economic conditions; the growth of the industries in China in which the Company operates; 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 uncertainties and risks contained in reports filed by the Company with the Securities and Exchange Commission (the "SEC"). 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 SEC, 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.
Angela Hu
Beijing Phone: +86-010-64827328
ir@retoeco.com or 310@reit.cc

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SOURCE ReTo Eco-Solutions, Inc.

FAQ

What contract did ReTo Eco-Solutions sign on February 28, 2023?

ReTo Eco-Solutions signed a contract to supply two RT10 Block Production Lines to Jilin Jiada Municipal Landscape Engineering Co.

What is the significance of the RT10 Block Production Lines supplied to Jilin Jiada?

The RT10 Block Production Lines will be used for producing environmentally friendly materials, supporting urban development in Jilin.

Who commented on the contract signed by ReTo Eco-Solutions?

Hengfang Li, the Chairman and CEO of ReTo Eco-Solutions, commented on the significance of the contract.

How does ReTo Eco-Solutions aim to contribute to urban development?

ReTo aims to contribute by supplying equipment that facilitates the manufacturing of eco-friendly construction materials.

What is the ticker symbol for ReTo Eco-Solutions?

The ticker symbol for ReTo Eco-Solutions is RETO.