Beijing, September 29th / PRNewswire / -- ReTo Eco - Solutions , Inc. (Nasdaq ticker: RETO) (hereinafter referred to as “ReTo” or “the Company”) announced today that its board of directors has approved a 20-for-1 merger of its par value-free Class A shares (hereinafter referred to as “share merger”). Class A shares will begin trading at the merged share capital starting from October 2, 2026.
According to this share consolidation, every 20 shares of Class A stock before the consolidation will automatically merge into 1 share of Class A stock, and shareholders do not need to take any action. The number of issued and tradable Class A shares will decrease from 145,814,975 to approximately 7,290,749 shares. The par value of Class A shares will not change; after the consolidation, they will still have no par value. Class A shares will continue to be traded on the NASDAQ market (“Nasdaq”), and the stock code will remain “RETO”, but a new identifier “CUSIP” – “G75271158” will be used. The company stated that this share consolidation is aimed at increasing the market price per share of Class A stock in order to help the company maintain its listing status on NASDAQ.
This share merger will not result in the issuance of fractional shares. Shareholders who are entitled to fractional shares due to the number of Class A shares they hold not being divisible by 4 will automatically receive an additional 1 Class A share.
This share merger does not require a vote from the company's shareholders, as British Virgin Islands law does not mandate shareholder approval.
The company's transfer agencies, VStock Transfer and LLC, will act as the agents for share exchange. For Class A shares held in the form of physical stock certificates, if adjustments are needed, the certificates can be returned to the transfer agencies for processing. For more information, please contact VStock Transfer and LLC, telephone: (212) 828-8436.
Regarding ReTo Eco - Solutions, Inc.
ReTo Eco - Solutions, Inc. Established in 1999, it is primarily engaged in the research and development and sales of ecological environment protection equipment, intelligent mining equipment, and intelligent craft beer brewing machines through its operating subsidiaries in China. The company also provides consultation, design, implementation, and installation services for related equipment and parts, as well as engineering support, technical advice, and related services. For more information, please visit: http :// en.retoeco.com.
Forward-looking Statements
This press release contains forward-looking statements. Forward-looking statements include statements regarding plans, objectives, purposes, strategies, future events or performance, and their underlying assumptions, as well as other statements other than statements of historical facts. Due to various factors and uncertainties, the actual results of the company may differ significantly and adversely from those expressed in any forward-looking statements. Reports submitted by the company to the U.S. Securities and Exchange Commission discuss these and other important factors and risks that may affect the company's business, operating results, and financial condition. Therefore, investors should not rely excessively on any forward-looking statements contained in this press release. The company does not assume any obligation to publicly revise these forward-looking statements as a result of changes in events or circumstances after the date of this press release.
