ReTo Eco-Solutions approves four-to-one share combination

ReTo Eco-Solutions (RETO) approved a combination of its Class A shares, no par value, on a four-to-one basis. The Class A Shares will begin trading on a post combination basis on May 18. As a result, each four 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 13,079,201 to approximately 3,269,801. There will be no change to the par value of the Class A Shares. The Class A Shares will continue to trade on Nasdaq under the symbol “RETO” under a new CUSIP number – G75271406. The Share Combination is intended to increase the market price per share of the Class A Shares to allow the company to maintain its Nasdaq listing.