Beijing – September 29, 2026 -- ReTo Eco-Solutions, Inc. (Nasdaq: RETO) will cut its outstanding Class A share count from 145,814,975 to approximately 7,290,749 through a 20-to-1 reverse share consolidation, with post-combination trading starting October 2, 2026.
Board approves reverse split to lift share price above Nasdaq minimum
ReTo's board approved the combination to raise the market price per Class A share, a move the company states is intended to help it maintain its Nasdaq Capital Market listing. The shares will keep trading under the ticker "RETO" but will carry a new CUSIP number, G75271158.
No par value changes, no shareholder vote required
The par value of the Class A Shares remains unaffected by the consolidation. Because ReTo is incorporated in the British Virgin Islands, the transaction does not require shareholder approval and will proceed automatically without any action from holders.
Fractional shares to be rounded up, transfer agent handles certificate exchange
No fractional shares will result from the combination; holders otherwise entitled to a fractional share will instead receive an additional whole Class A Share. VStock Transfer, LLC will serve as exchange agent, processing adjustments for physical stock certificates upon surrender.