BEIJING, Feb. 24,
2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc.
(Nasdaq: RETO) ("ReTo") today announced that its subsidiary, Yangpu
Fangyuyuan United Logistics Co. ("Yangpu Fangyuyuan"), has entered
into a joint venture agreement (the "Agreement") with Hainan
Yonghuiju Technology Co. ("Hainan Yonghuiju"), an agricultural
products logistics company in China, to jointly develop internet of things
and logistics business.
Pursuant to the Agreement, Yangpu Fangyuyuan and Hainan
Yonghuiju will collaborate on the digitalization of online
logistics platform and supply chain system to support the sales and
delivery of Hainan Yonghuiju's fresh fruit products as the first
project. The parties will also work together on the upgrade and
advancement of the platform to optimize its operation and
efficiency.
Backed by ReTo, Yangpu Fangyuyuan will provide platform
management and supply chain financing and digitalization services.
Hainan Yonghuiju will utilize industry experience and resources in
the logistics sector. Yangpu Fangyuyuan and Hainan Yonghuiju are
committed to building a platform that empowers logistics company
clients with new technologies and business models to offer better
services for their customers of various sizes. The joint venture
will serve as a hub that coordinates different resources and
relationships to construct a scalable and efficient delivery
service network for logistics companies.
Mr. Hengfang Li, Chairman and CEO of ReTo, commented: "The
commitment from Hainan Yonghuiju is another example of how we are
playing an essential role in helping our clients achieve the goal
of digitalization in the logistics and transportation sector. We
hope to expand our presence in the dynamic and growing logistics
industry, better positioning ourselves to take advantage of new
opportunities. At ReTo, we'll grow our logistics service
network in China to meet
customers' demands, as well as building our intermodal shipping
capacity."
About Hainan Yonghuiju Technology Co.
Hainan Yonghuiju Technology Co. is responsible for the operation
of "Sanya Municipal Government Agricultural Products Distribution
Office" in Zhengzhou and has a
stable sales network of agricultural products in East China,
North China and Southwest China. It has been expanding into
new areas and markets based on local resources and advantages with
strong support from the municipal government and the bureau of
agricultural reclamation. At present, Hainan Yonghuiju provide
agricultural products LTL transportation services covering
Beijing, Zhengzhou, Jinan, Shanghai, Jiaxing, Hangzhou, Chongqing, Chengdu, Guangzhou and other large and medium-sized
cities where it has a sales office in each city.
About ReTo Eco-Solutions, Inc.
Founded in 1999, ReTo, through its proprietary technologies,
systems and solutions, is striving to bring clean water and fertile
soil to communities worldwide. ReTo, through its operating
subsidiaries in China, is engaged
in the manufacture and distribution of eco-friendly construction
materials (aggregates, bricks, pavers and tiles), made from mining
waste (iron tailings), as well as equipment used for the production
of these eco-friendly construction materials. In addition, ReTo
provides consultation, design, project implementation and
construction of urban ecological protection projects and parts,
engineering support, consulting, technical advice and service, and
other project-related solutions for its manufacturing equipment and
environmental protection projects. ReTo also offers roadside
assistance services and software development services utilizing
Internet of Things technologies. For more information, please
visit: http://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 ReTo 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. These statements are subject to uncertainties and risks
including, but not limited to, the following: ReTo's goals and
strategies, including those related to ReTo's future business
development such as supply chain service offering; product and
service demand and acceptance; changes in technology; economic
conditions; the growth of the industries in China in which ReTo operates; 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 and other
uncertainties and risks contained in reports filed by ReTo with the
Securities and Exchange Commission (the "SEC"). 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 ReTo's filings with the SEC,
which are available for review at www.sec.gov. ReTo 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.
Angela Hu
Beijing Phone: +86-010-64827328
ir@retoeco.com or 310@reit.cc
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SOURCE ReTo Eco-Solutions, Inc.