ReTo Announces Receipt of Nasdaq Delisting Determination and Plan to Appeal

Core Viewpoint - ReTo Eco-Solutions, Inc. has received a delisting determination notice from Nasdaq due to its Class A shares trading below the minimum bid price requirement for 30 consecutive business days, with a closing bid price of less than $1 [1] Company Summary - ReTo Eco-Solutions, Inc. is a manufacturer of equipment for the production of eco-friendly materials in China, engaged in research and development, manufacturing, and sales of such equipment [3] - The company provides consultation, design, implementation, installation, engineering support, and technical advice related to its products [3] Delisting Process - The company intends to request a hearing before a Nasdaq hearings panel, which will temporarily stay the delisting process while the appeal is pending [2] - The Class A shares will continue to trade on Nasdaq under the symbol "RETO" during the appeal [2] - There is no assurance that the panel will grant an extension or that the company will regain compliance with Nasdaq's listing requirements [2]