ReTo Eco-Solutions, Inc. Returns Compliant with Nasdaq Minimum Bid Price Requirement


BEIJING, November 15, 2021 / PRNewswire / – ReTo Eco-Solutions, Inc. (NASDAQ: RETO) (“ReTo” or the “Company”), a provider of technology solutions for improving green environments, today announced that it has received notification of the Listing Qualifications service. the compliance of the Nasdaq Stock Market (“Nasdaq”) with the minimum bid price requirement of $ 1.00 per share under the Nasdaq listing rules (the “Listing Rules”).

At November 11th 2021, Nasdaq confirmed to the Company that for at least 10 consecutive business days, i.e. from October 28 to November 10, 2021, the closing bid price of the Company’s common shares was 1.00 $ per share or more. As a result, the Company has regained compliance with Listing Rule 5550 (a) (2).

About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)

Founded in 1999, ReTo Eco-Solutions, Inc. (NASDAQ: RETO), through its proprietary technologies, systems and solutions, strives to bring clean water and fertile soils to communities around the world. The Company offers a full range of products and services, ranging from the production of environmentally friendly building materials, environmental protection equipment and manufacturing equipment used to produce environmentally friendly building materials environment, consultation, design and installation of projects for the improvement of ecological environments, such as ecological restoration of soils through the treatment of solid waste. For more information, please visit: http://en.retoeco.com

Forward-looking statements

This press release contains forward-looking statements. Forward-looking statements include statements about future plans, objectives, goals, strategies, events or performance, and underlying assumptions and other statements that are other than statements of historical fact. When the Company uses words such as “may”, “will”, “intend”, “should”, “believe”, “expect”, “anticipate”, “plan”, “estimate” or similar phrases that do not relate solely to historical matters, it makes forward-looking statements. Specifically, the Company’s statements regarding: 1) the ability of additional features and custom configurations on its machines and equipment to attract new customers; 2) the ability of the growth of its activity to resume in the near future; and 3) the continued spread of COVID-19 or the occurrence of another wave of cases and the impact this 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 which may cause actual results to differ materially from the expectations of the Company discussed in the forward-looking statements. These statements are subject to uncertainties and risks, including, but not limited to, the following: the objectives and strategies of the Company; the future business development of the Company; demand and acceptance of products and services; technological changes; 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 risks and other risks contained in reports filed by the Company with the Securities and Exchange Commission. For these and other reasons, investors are cautioned not to place undue reliance on any forward-looking statements contained in this press release. Additional factors are discussed in documents filed by the Company with the United States Securities and Exchange Commission, which can be viewed at www.sec.gov. The Company assumes 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-ten-64827328
[email protected] or [email protected]

Cision

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SOURCE ReTo Eco-Solutions, Inc.


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