ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (the “Company” or “ReTo”) today announced that on January 3, 2023, Hengfang Li, Chairman of RETO, and Kehui Xu, Member of the Standing Committee of the Prefecture Party Committee and Vice Governor of the People's Government of Xishuangbanna Dai Autonomous Prefecture (hereinafter referred to as "Xishuangbanna Prefecture People's Government"), signed the "Cooperation Framework Agreement", Jingfeng Luo, Member of the Standing Committee of Xishuangbanna Prefecture Party Committee and Executive Vice Governor, Xiangjing Hu, Vice Governor of Xishuangbanna Prefecture, Fang Tian, Director of Xishuangbanna Investment Promotion Bureau, Xinyang Li, Assistant President of RETO, and other relevant leaders attended the signing ceremony.

At the signing ceremony, both partners said that under the background of the vigorous development of the digital economy, the application of smart agricultural machinery in the development of digital agriculture will become more and more extensive. The two sides will solidly implement various policies to benefit farmers, accelerate grassroots environmental improvement, promote the transformation and upgrading of agricultural machinery intelligent equipment, and promote the coordinated development of information and agricultural machinery equipment.

Hengfang Li, chairman of RETO especially emphasized that the signing of this cooperation framework agreement is a smart empowerment, so that agricultural machinery has plugged in the wings of agriculture, RETO will rely on the accumulation of technology in Honghe Prefecture, Gansu, Inner Mongolia and other places in Yunnan, through the dual drive of smart agricultural machinery and smart agriculture, to help the People's Government of Xishuangbanna Prefecture build a digital planting demonstration base with leading technology, and realize the green industrial breakthrough in rural environmental protection equipment manufacturing and intelligent agricultural machinery production in Xishuangbanna. Promote the rapid development of digital agriculture in Xishuangbanna and contribute agricultural machinery wisdom to rural revitalization.