ReTo Eco-Solutions Subsidiary Selected as a Member of the Hainan Petroleum, Natural Gas and Chemical Industry Federation

BEIJING, March 3, 2022 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (NASDAQ: RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments in China, announced today that its subsidiary, ReTo Technology Development Co., Ltd., has been selected to become a member enterprise of the Hainan Petroleum, Natural Gas and Chemical Industry Federation (the "PNC Industry Federation").

The PNC Industry Federation is the first non-profit organization created by enterprises and institutions in the oil, natural gas, and chemical industries in Hainan, China whose members include enterprises, research and development institutions, and engineering design firms from these industries. The PNC Industry Federation is a platform for communication and information exchange between member enterprises. The federation not only provides support to members such as integrating upstream and downstream industry resources, offering business opportunities and standardizing the operation process, but also creates a healthier development environment for the oil, natural gas, and chemical industries and assists the government in the planning and construction of the Hainan Free Trade Port, China's largest free trade pilot zone launched in 2018 which is under construction and currently over 940,000 entities have settled in the Port including 28 Fortune 500 companies.    

Mr. Hengfang Li, Chairman and CEO of ReTo, commented: "Since the favorable policies of the Hainan Free Trade Port have attracted many leading domestic petrochemical enterprises to Hainan, the resulting increase in demand for environmental protection solutions and services provides us a lot of business opportunities to deploy our smart environmental protection technologies. ReTo Technology Development Co. Ltd. is honored to be selected as the one of enterprise member specializing in Internet of Things ("IoT") smart environmental solutions in the PNC Industry Federation which enables us to participate in more informatization projects in Hainan and to access more resources through the federation platform. We are committed to service the federation members as well as other businesses in the oil, natural gas, and chemical industries with our advanced IoT technologies and smart environmental protection technologies." 

About ReTo Eco-Solutions, Inc.

Founded in 1999, ReTo Eco-Solutions, Inc., through its proprietary technologies, systems and solutions, is striving to bring clean water and fertile soil to communities worldwide. The Company offers a full range of products and services, ranging from the production of environmentally-friendly construction materials, environmental protection equipment, and manufacturing equipment used to produce environmentally-friendly construction materials, to project consulting, design, and installation for the improvement of ecological environments, such as ecological soil restoration through solid waste treatment. Through its subsidiary Yile IoT Technology Co., Ltd., a high-tech enterprise in Hainan Province and focusing on the research, development and application of IoT technologies, the Company provides products and scenario-based solutions and products for clients primarily in the automobile rental, ride sharing and logistic sectors in China. For more information, please visit: https://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. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company's expectations discussed in the forward-looking statements. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Discussions of the uncertainties and risks are included in the Company's filings with the U.S. Securities and Exchange Commission, 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.

Giorgio Zhao

Beijing Phone: +86-010-64827328

ir@retoeco.com  or 310@reit.cc

View original content:https://www.prnewswire.com/news-releases/reto-eco-solutions-subsidiary-selected-as-a-member-of-the-hainan-petroleum-natural-gas-and-chemical-industry-federation-301494711.html

SOURCE ReTo Eco-Solutions, Inc.