Subsidiary of reto eco-solutions signs a joint venture agreement to develop internet of things and logistics business

Beijing , feb. 24, 2023 /prnewswire/ -- reto eco-solutions, inc. (nasdaq: reto) ("reto") today announced that its subsidiary, yangpu fangyuyuan united logistics co. ("yangpu fangyuyuan"), has entered into a joint venture agreement (the "agreement") with hainan yonghuiju technology co. ("hainan yonghuiju"), an agricultural products logistics company in china, to jointly develop internet of things and logistics business. pursuant to the agreement, yangpu fangyuyuan and hainan yonghuiju will collaborate on the digitalization of online logistics platform and supply chain system to support the sales and delivery of hainan yonghuiju's fresh fruit products as the first project.
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