ReTo Eco-Solutions, Inc. Announces $15 Million Registered Direct Offering and $10 Million Concurrent Private Placement

BEIJING, Oct. 2, 2023 /PRNewswire/ -- ReTo Eco-Solutions, Inc. (Nasdaq:RETO) ("ReTo" or the "Company"), a provider of technology solutions and operation services for intelligent ecological environments and internet of things technology development services in China and other countries, today announced that it has entered into a securities purchase agreement, dated as of September 29, 2023, with certain purchasers, for the sale of an aggregate of 15,000,000 common shares, par value US$0.01 per share, of the Company (the "Shares"), at a purchase price of US$1.00 per share, for an aggregate purchase price of US$15,000,000, in a registered direct offering (the "Offering"). These Shares are offered by means of the Company's registration statement on Form F-3 (File No. 333-267101), which was initially filed with the Securities and Exchange Commission (the "SEC") on August 26, 2022, as amended and declared effective on December 9, 2022, the accompanying base prospectus, dated December 6, 2022, and a prospectus supplement, which the Company expects to file with the SEC on or about October 3, 2023. Electronic copies of the prospectus supplement, when available, and the accompanying base prospectus may be obtained on the SEC's website at http://www.sec.gov and may also be obtained by contacting Angela Hu, at the Company, using her contact information at the end of this press release.