Beijing, China – September23, 2022 – ReTo Eco-Solutions, Inc.(NASDAQ: RETO)today announced that its subsidiary Hainan Yile IoT Technology Co., Ltd. ("Yile IoT") won the title of "National Intellectual Property Advantage Enterprise in China, 2022".

"National Intellectual Property Advantage Demonstration Enterprise" is the highest honor awarded by the state to enterprises with outstanding performance in intellectual property creation, utilization, protection, management, etc. Key enterprises, as well as enterprises with certain influence in industrial development.

As the first comprehensive service solution provider for the Internet of Vehicles industry in Hainan, Yile IoT is an innovative high-tech enterprise focusing on the Internet of Vehicles operation service platform and the field of intelligent Internet-connected terminals. The company has always attached great importance to independent innovation and self-owned Intellectual property cultivation, and unswervingly regard intellectual property protection as an important pillar of enterprise development.After years of development and accumulation, Yile IoT now has more than 60 independent intellectual property rights such as inventions, utility model patents, software copyrights, etc., 51 invention patents are being applied for, 10 PCT applications, and 2 have entered the national stage, and undertake a number of national, provincial and municipal science and technology projects.

Mr. Xiaoping Li,CEO of Yile IoT commented, "This time, it was awarded the "National Intellectual Property Advantage Enterprise", which further shows that the national authoritative organization's recognition of Yile IoT's innovation ability and intellectual property protection will further promote the implementation of the company's innovation-driven developmentstrategy and strengthen intellectual property management. Provide strong support for the company's transformation and upgrading, quality and efficiency improvement."