ReTo Eco-Solutions’ board approves 10 to 1 combination of its common shares

ReTo Eco-Solutions announced that on February 1 its board of directors approved a combination of its common shares on a ten-to-one basis. The Company’s common shares will begin trading on a post combination basis on March 1. As a result of the Share Combination, each ten pre-combination common shares of the Company will be automatically combined into one common share without any action on the part of the holders, with par value of the common shares of the Company being changed from 1c per share to 10c per share, and the Company’s issued and outstanding common shares will be reduced from 37,451,882 to approximately 3,745,189. The Company’s common shares will continue to trade on the Nasdaq Capital Market under the symbol “RETO” under a new CUSIP number – G75271125. The Share Combination is intended to increase the market price per share of the Company’s common shares to allow the Company to maintain its Nasdaq listing.