BEIJING, Aug. 13, 2020 /PRNewswire/ -- ReTo Eco-Solutions,
Inc. (the "Company," "we" or "ReTo") (NASDAQ: RETO), a one-stop,
total technology solutions provider for the healthy improvement of
ecological environments, today announced it has received an
extension notice from Nasdaq stating that the Company has until
October 31, 2020 to file its annual
report on Form 20-F for the year ended December 31, 2019 to regain compliance with
Nasdaq Listing Rule 5250(c)(1), which requires timely filing of
periodic financial reports with the U.S. Securities and Exchange
Commission (the "SEC"). The Company's common shares will continue
to trade on the Nasdaq Capital Market under the symbol "RETO."
As previously disclosed by ReTo in its Form 12b-25 filed with
the Commission on June 12, 2020, the Company was unable to
file its Form 20-F by its original deadline without unreasonable
effort or expense. The Company noted its Form 20-F filing was
delayed due to auditing challenges surrounding COVID-19 in
China. The Company's audit is in process and expected to be
completed in a timely manner in order to allow the filing of its
Form 20-F on or before October 31,
2020.
About ReTo Eco-Solutions, Inc. (NASDAQ: RETO)
Founded in 1999, ReTo (NASDAQ: RETO) is a leader in ecological
innovation, with sustainable environmental priorities and seeks to
empower communities through its proprietary technologies, systems
and solutions, which have been used to bring clean water and
fertile soil to villages and cities worldwide. The Company is
founded on its strategy of Technology Improves Ecology and is
a full spectrum provider 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
health and improvement of ecological environments, such as
ecological soil restoration, through solid waste treatment.
For more information, please visit: http://en.retoeco.com
Forward-Looking Statements
This press release contains forward-looking statements as
defined by the Private Securities Litigation Reform Act of 1995.
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. Specifically, the Company's
statements regarding its ability to timely file its annual
report are 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. These statements are subject to
uncertainties and risks including, but not limited to, the
following: the Company's goals and strategies; the Company's
future business development; product and service demand and
acceptance; changes in technology; economic conditions; the growth
of construction and ecological solutions in China and internationally; reputation and
brand; the impact of competition and pricing; government
regulations; fluctuations in general economic and business
conditions in China and
internationally and assumptions underlying or related to any of the
foregoing and other risks contained in reports filed by the Company
with the Securities and Exchange Commission. For these
reasons, among others, investors are cautioned not to place undue
reliance upon any forward-looking statements in this press release.
Additional factors are discussed 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.
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SOURCE ReTo Eco-Solutions, Inc.