BEIJING, June 16, 2021 / PRNewswire / – ReTo Eco-Solutions, Inc. (NASDAQ: RETO) (“ReTo” or the “Company”), a provider of technology solutions for improving green environments, today announced that the Company, through its owned subsidiary REIT Ecological Technology Co., Ltd., cooperated with the Guangling County government in the northwest Shanxi Province participate in a project called Cultural Tourism and Ecological Restoration of Shuishentang in Guangling County, Shanxi Province (the Project “). In preparation for the Project, the Shuishentang Ecological Restoration Project (the” Sub-Project “) was initiated in May 2021 with a budget of 600 million RMB. Construction has started and is expected to be completed in 4 years.
The sub-project is designed to restore wetlands in the Huliu River Basin in the Shuishentang region. Such ecological restoration efforts include, but are not limited to, the construction of reservoir dikes, roads, landscaping and support facilities. As a result, the Shuishentang Cultural Relics Protection Site will be transformed into a Level 4A Scenic Site, requiring a budget of 80 million RMB under construction and should be completed in 2021 according to the government plan.
Mr. Li Hengfang, Chairman and CEO of ReTo, attended the inauguration ceremony and said, “As a provider of technological solutions for improving the ecological environment, the company actively participates in ecological governance. and rural revitalization of the county, and the project is within our efforts. The project includes four sub-projects, namely the Shuishentang Ecological Restoration Project, the Municipal Utility Facilities Project, the Old Town Reconstruction Project, and the Health and Culture Tourism Real Estate Project. The last three will be implemented one after the other. The realization of these projects will undoubtedly benefit the local society and economy, and bring lasting and substantial benefits to the company. “
About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Founded in 1999, ReTo (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
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.
Beijing Phone: + 86-010-64827328
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SOURCE ReTo Eco-Solutions, Inc.