ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the “Company” or “ReTo”) today announced that after the approval of experts from the Hainan Provincial Department of Science and Technology, the Hainan Provincial Department of Finance and the Hainan Provincial Taxation Bureau of the State Administration of Taxation, "its subsidiary "Hainan Yile Vehicle Networking Technology Research Institute Co., Ltd." successfully passed the high-tech enterprise audit and won the title of "National High-tech Enterprise".

The title of "National High-tech Enterprise" is one of the important honors of China's science and technology innovation enterprises, and is the highest recognition of the country for leading enterprises in China with strong technological innovation ability, standardized management, outstanding performance and development level in different industries.

The selection criteria for high-tech enterprises mainly focus on four aspects: intellectual property rights, transformation ability of scientific and technological achievements, management level of research and development organizations, and enterprise growth, and the selection is long and very stringent.

The title of "National High-tech Enterprise" is another important milestone in the company's development history, the company will pay more attention to technological innovation, management innovation, service innovation on the future development road, continue to deepen the application field of Internet of Vehicles technology, through the introduction of talents, strengthen foreign cooperation, achievement transformation and application, and continuously improve the core competitiveness of the enterprise market, and create new achievements!

Founded in 2019, Hainan Yile IoV Technology Research Institute Co., Ltd. (the "Company") is a state-level high-tech enterprise integrating the research and development of IoV technology and digital operation of IoV under ReTo Eco-Solutions, Inc.(Nasdaq: RETO). The company focuses on the research of digital application platform and intelligent vehicle terminal of the Internet of Vehicles, and through independent innovation, the company has achieved the application of vehicle intelligent hardware (OBD, EDR, Beidou positioning, etc.), road assistance service platform, socialized emergency rescue platform, vehicle scheduling big data platform, government and enterprise vehicle management platform, etc., which can provide digital application services and Internet of Vehicles technology solutions for various vehicle scenarios such as government and enterprise vehicles, logistics and distribution, road assistance, and vehicle scheduling.