ReTo Eco-Solutions announces five-to-one share combination

ReTo Eco-Solutions (RETO) 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.