Recently, Zhengzhou Yifan Machinery Equipment Co., Ltd. and Beijing REIT Technology Development Co., Ltd. signed a block-making machine purchase contract. This cooperation is of great significance, marking that Yifan Machinery and REIT Technology have started a powerful combination of crushing equipment and brick-making equipment and also achieved the complementary advantages of both parties to achieve the purpose of mutual benefit and win-win results.

Zhengzhou Yifan Machinery Equipment Co., Ltd. is a well-known manufacturer of crushing and screening equipment in China. The series of crushing and screening equipment produced is used in the expansion of the Capital Airport, the National Grand Theater, the Baoquan Pumped Storage Power Station, the Zhouba Hydropower Station, and the Sichuan-Chongqing Expressway. It has been widely used in national key projects such as expansion and Beijing-Chengdu Expressway.

Beijing REIT Technology Development Co., Ltd. a subsidiary of ReTo Eco-Solutions, Inc.is China's leading operator of comprehensive utilization of solid waste resources. It has an international leading automatic concrete block production line and has won many national intellectual property rights. Patented, products are exported to more than 30 countries such as the United States, Canada, Russia, South Korea, North Korea, India, Libya, and Algeria. In 2017, RETO Shares was listed on Nasdaq in the United States, which opened a new era of RETO Shares.

Under the current background of carbon neutrality and carbon peaking, the development needs for green buildings, green building materials, and prefabricated buildings are becoming more and more intense, which provides a major opportunity for the development of high-tech and environmentally friendly block industries. The cooperation between Yifan Machinery and REIT Technology is expected to form a development trend of complementary advantages and strong alliances and to create new advantages in market competition in the new development pattern with domestic circulation as the main body and the domestic and international dual circulations promoting each other.