ReTo Eco-Solutions, Inc. (Nasdaq: RETO) announced that its board of directors approved a 20-for-one share consolidation of its Class A shares, with trading on a post-combination basis set to begin Oct. 2, 2026.

The consolidation will reduce the number of issued and outstanding Class A shares from 145,814,975 to approximately 7,290,749. The company stated the consolidation is intended to increase the market price per share to allow it to maintain its Nasdaq Capital Market listing.

Each 20 pre-combination Class A shares will be automatically converted into one Class A share, with no action required from shareholders. The par value of the shares will remain unchanged. Shares will continue to trade under the symbol "RETO" with a new CUSIP number, G75271158.

No fractional shares will be issued. Shareholders holding a number of Class A shares not evenly divisible by 20 will automatically receive one additional share in lieu of a fractional share.

The consolidation was approved by the board without a shareholder vote, as shareholder approval is not required under British Virgin Islands law. VStock Transfer, LLC will serve as the exchange agent for the transaction.