Reto Eco-Solutions Inc. (China)

The Company, through its subsidiaries, is engaged in manufacture and distribution of eco-friendly construction materials and equipment used for the production of these eco-friendly construction materials and related consultation and technological services; consultation, design, project implementation and construction of urban ecological protection projects; roadside assistance services; and software development services.
The Company 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, the Company provide consultation, design, project implementation and construction of urban ecological protection projects through its operating subsidiaries in China. The Company also provide parts, engineering support, consulting, technical advice and service, and other project-related solutions for its manufacturing equipment and environmental protection projects. As more fully described below under the heading “Our Products and Services,” through the newly acquired subsidiaries, the Company expand its product and service offerings to include RSA services, and software development services and solutions utilizing Internet of Things (“IoT”) technologies.
The Company currently provide a full spectrum of products and services related to recycling and reuse of solid wastes, from producing eco-friendly construction materials and manufacturing equipment used to produce construction materials, to project installation. The Company differentiate it from its competitors through strong research and development capabilities and advanced technologies and systems.
The Company s products are eco-friendly, as they contain approximately 70 of reclaimed iron tailings in place of traditional cement. The use of reclaimed iron tailings assists in the protection of the environment by saving space in landfills used for the disposal of these materials, and assisting in the remediation and reclamation of abandoned or closed mining sites.
The Company s clients are located throughout mainland China, and internationally in Middle East, Southeastern Asia, Africa, Europe and North America. The Company is actively pursuing additional clients for its products, equipment and projects, internationally in the Bangladesh, North America and in additional provinces of China. The Company seek to establish long-term relationships with its clients by producing and delivering high-quality products and equipment and then providing technical support and consulting services after equipment is delivered and projects are completed.
The Company s business consists of four business segments, including machinery and equipment sales, construction materials sales, municipal construction projects and technological consulting and other services.
HISTORY
2015 The Company is a limited liability company established under the laws of the British Virgin Islands on August 7, 2015 as a holding company to develop business opportunities in the People's Republic of China.
2017 The Company's Common Shares have been listed on the Nasdaq Capital Market since November 29, 2017 under the symbol “RETO.”
2020 The Company incorporated Guangling REIT Ecological Cultural Tourism Co., Ltd. (“Guangling REIT”) in mainland China as a wholly owned subsidiary of REIT Ordos in December 2020.
2021 Beijing REIT and REIT Holdings entered into an equity transfer agreement to sell 100 equity interest in REIT Changjiang to the purchasers, in exchange for a total consideration of RMB 60,000,000 (approximately 9.4 million) in cash on November 12, 2021. The Company owns 100 equity interest of REIT Holdings, a limited liability company established in Hong Kong. Beijing REIT was established on May 12, 1999 under the laws of PRC.
REIT Technology acquired 100 equity interest of REIT Mingde, as more fully described under the heading “Recent Developments” below on December 27, 2021. As a result of this acquisition, the Company also acquired, indirectly through RETI Mingde, 100 of the equity interest of Yangpu Fangyuyuan and 61.548 of the equity interest of Hainan Yile IoT, which, in turn, owns 90 of the equity interest of IoV Technology Research, 85 of the equity interest of Shanxi Global Travel Co., Ltd. and 45 of the equity interest of Hainan Beiqi Yinjian Yile Smart Travel Technology Co., Ltd. Yangpu Fangyuyuan is engaged in facilitating logistic services through its cloud based platform in China. IoV Technology Research provides RSA services in Hainan Province, China.