Reto eco-solutions, inc. announces executive changes

Effective november 20, 2019, bin li tendered his resignation for personal reasons as the chief financial officer (cfo) of reto eco-solutions, inc. the decision was by mutual agreement between mr. li and the company and is not related to a dispute or disagreement with the company or related to the company’s financial condition, operating results, financial disclosure or accounting practices. effective november 20, 2019, xingchun wang, one of the company’s then acting independent class b directors tendered his resignation to the company as director in order to become the company’s cfo, and the company’s board of directors appointed mr. wang to succeed mr. li as cfo. effective november 20, 2019 as the company’s board of directors appointed shuhua ma as a class b director in order to fill the vacancies on the company’s board of directors, compensation, audit and nominating committees. the board of directors determined dr. ma to be independent under the rules of the nasdaq capital market (“nasdaq”) and qualified to serve on the board of directors audit, compensation, and nominating committees. dr. ma is currently a professor, institute of process engineering at the china academy of sciences (the “academy”), where she oversees 6 ph.d. students, 25 master’s students and 1 post-doctorate student. from 2011 to 2016 she was an associate professor at the academy and from 2009-2010 an assistant professor at the academy.
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