BEIJING, April 25, 2025 /PRNewswire/ — ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (“ReTo” or the “Company”), a manufacturer of ecological environment protection equipment and intelligent equipment in China, today announced that on April 25, 2025, it has closed the acquisition of 51% equity interest of MeinMalzeBier Holdings Limited, a British Virgin Islands business company (“MeinMalzeBier”). MeinMalzeBier, a company engaged, through its PRC operating subsidiaries, in the marketing and sales of craft beer and craft beer machines in China.  

Earlier this year, ReTo launched the sales of its proprietary smart craft beer machines, marking a strategic expansion of its intelligent equipment into the beverage market. The acquisition of MeinMalzeBier is expected to create strong synergies with the Company’s new product line, leveraging MeinMalzeBier’s established sales network and market experience to accelerate product adoption and market penetration. The combination of the two businesses is expected to enhance the Company’s market reach, improve cash flow, and contribute positively to its overall financial performance.

“We believe that integrating MeinMalzeBier’s business into our operations has strong potential to accelerate our expansion of our intelligent equipment market,” said Hengfang Li, Chief Executive Officer of ReTo. “This acquisition marks an important milestone in our ongoing strategy to diversify and strengthen our business portfolio. MeinMalzeBier’s market expertise is complementary to our existing operations, and we expect to realize meaningful synergies that will bolster our long-term financial health and market competitiveness.”

About ReTo Eco-Solutions, Inc.

Founded in 1999, ReTo Eco-Solutions, Inc., through its operating subsidiaries in China, is engaged in the research and development, manufacture and sales of ecological environment protection equipment and intelligent equipment. The Company provides consultation, design, implementation and installation of its equipment and related parts, as well as engineering support and technical advice and services. For more information, please visit: http://en.retoeco.com. 

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company’s actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including market conditions, regulatory developments, and the Company’s ability to successfully integrate the acquired business. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company’s business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

ReTo Eco-Solutions, Inc.
Tel: +86-10-64827328
Email: ir@retoeco.com or 310@reit.cc

BEIJING, April 25, 2025 /PRNewswire/ — Baijiayun Group Ltd (“Baijiayun” or the “Company”) (NASDAQ: RTC), a one-stop AI video solution provider, announced a Letter to Investors, in which Baijiayun CEO Mr. Yi Ma stated that following its partnership with Xinlantian, the company plans to invest tens of millions of dollars over the next five years to establish new ecosystem for autism rehabilitation.

Baijiayun CEO Mr. Yi Ma stated that over the past decade, Baijiayun has continuously deepened its presence in the education sector, possessing a strong technological moat and ecological synergy. Leveraging its experience and advantages in technological research and development, platform construction, and market operations, Baijiayun is confident in achieving significant results in the field of autism rehabilitation, creating new growth points for the company’s performance, bringing new possibilities for more “children of the stars” in the field of special education, and achieving a win-win situation for both corporate and social values.

According to data from the 2023 China Disability Census Report, the number of autistic patients in China has exceeded 13 million, making it the leading cause of mental disabilities among Chinese children. Currently, there are approximately 2 million children with autism aged 0-14 nationwide, with an annual increase of about 160,000. The latest report released by the US Centers for Disease Control and Prevention (CDC) in April this year also shows that about 1 in 31 US children is affected, indicating that the significant increase in the incidence of autism has become a global issue.

The full text of the open letter is as follows:

Letter to Investors: Explanation and Prospects on Partnerships in the Field of Autism Rehabilitation

Dear Investors and Partners,

Firstly, we sincerely thank you for your continued attention and support for our company. Last week, after the company announced its in-depth collaboration with Xinlantian in the field of autism rehabilitation, we received enthusiastic encouragement and valuable suggestions from investors, partners, and various sectors of society. And a large number of positive discussions emerged on social media platforms.

We understand that this attention stems from the deep expectations of investors and various sectors of society regarding technology empowering social issues. We feel a great social responsibility for this and therefore wish to interpret the motivations, planning, and future actions of the partnership, and we looking forward to witnessing the long-term value of this cause with you.

Background and Opportunities for the Company’s In-Depth Exploration of the Autism Field

Autism, as a neurodevelopmental disorder, is increasingly becoming a global public health concern. According to relevant data, the global incidence of autism is on the rise year by year.

According to data from the 2023 China Disability Census Report, the number of individuals with autism in China has exceeded 13 million, making it the leading cause of mental disabilities among Chinese children. Currently, there are approximately 2 million children with autism aged 0-14 nationwide, with an annual increase of about 160,000. The latest report released by the US Centers for Disease Control and Prevention (CDC) in April this year also shows that about 1 in 31 US children is affected, indicating that the significant increase in the incidence of autism has become a global issue.

At the same time, society’s acceptance and awareness of children with autism remain low, and many public places lack special facilities and services for them. Such a large patient population not only imposes a heavy mental and economic burden on families but also has a profound impact on social development.

The growing population of individuals with autism lacks corresponding relief pathways. On the one hand, there is an insufficient number of professional child rehabilitation institutions, especially in grassroots and rural areas. On the other hand, among existing rehabilitation institutions, there are significant differences in service levels and treatment outcomes. Due to technological and personnel quality limitations, some institutions struggle to provide high-quality rehabilitation plans that meet the individual needs of children.

In addition to the relative scarcity of quality rehabilitation services, high rehabilitation costs, limited training resources, and inconsistent training programs also place a heavy burden on many families. Many “children of the stars” thus miss the best intervention opportunities due to ignorance or helplessness.

Care for vulnerable groups and marginalized populations often reflects the level of civilization in a society. The issue of autism urgently needs more attention and emphasis from various sectors of society.

As a US-listed company, we have always believed that enterprises are not only entities pursuing economic interests but should also shoulder social responsibilities. Children with autism, as a vulnerable group in society, their growth and development are related to the happiness and future of countless families. By engaging in the field of autism rehabilitation, we hope to use our technological advantages to light up a beacon of hope for these children, help them approach the life state of normal children as much as possible, and integrate into society. This is not only a feedback to society but also our mission as an enterprise.

Founded in 2014, Xinlantian has deep professional expertise in the field of rehabilitation training for children with autism. It has not only meticulously crafted a mature and comprehensive training system for children with autism, covering curriculum development and textbook research, but also established a comprehensive teacher and parent education and training system. Xinlantian’s independently developed “Targeted Neural Training Method” has achieved remarkable results after years of practical verification. This method targets the neurodevelopmental characteristics of children with autism and effectively improves their language expression and social interaction abilities through scientific training methods.

The partnership between Baijiayun and Xinlantian aims to use products and AI technology to enter this challenging field, empower autism rehabilitation services, help more “children from the stars” live like normal children, and enable more individuals with autism and their families to lead better lives.

Why can Baijiayun shoulder this mission? The answer lies in our technological moat and ecological synergy. Over the past decade, Baijiayun has continuously deepened its presence in the education sector, providing users with comprehensive audio-visual solutions centered around knowledge dissemination and educational service delivery, serving tens of thousands of online education enterprises and public schools. The rehabilitation training of children with autism is actually a highly personalized one-on-one scenario, which coincides with Baijiayun’s advantages in online teaching and the integration of online and offline products. With the continuous development of AI technology, Baijiayun has also continuously deepened its application in the field of educational technology, developing multiple AI products, intelligent agents, and technical tools, converting technological potential into educational effectiveness, and facilitating the realization of large-scale personalized teaching. Professional fields require vertical deepening, and these experiences and products can also be applied in the field of special education, bringing new possibilities for more children of the stars.

In the AI era, we can better bridge the characteristics and limitations between personalization and scalability in traditional education, which are like the two ends of a scale, making “scalable and personalized teaching and learning” possible. Regarding the measure of Baijiayun’s layout in the field of special education, Li Haoying, the current Vice President of the Education Innovation and Evaluation Branch of the Chinese Society for Futures Studies, stated: Achieving personalized rehabilitation training through technological means will greatly enhance rehabilitation outcomes and bring new hope to children with autism and their families. Their efforts are expected to help millions of individuals with autism lead happier and more dignified lives, alleviate societal burdens, and promote harmonious social development.

Future Development Plans

We fully understand investors’ attention on direction focus, business implementation feasibility, and return cycles. Here, we announce that the company will invest tens of millions of dollars over five years to build new ecosystem for autism rehabilitation, hoping to showcase our determination and efforts in deepening our work.

Firstly, Baijiayun will continuously increase investment in technological research and development, further refine the intelligent diagnostic assistance platform, and promote the application of new technologies such as AI large models and VR in the field of autism rehabilitation. Combining Baijiayun’s previous technological achievements, the company will deeply explore and develop an intelligent diagnostic assistance platform focused on the field of autism rehabilitation. Through big data analysis and machine learning algorithms, it will thoroughly analyze the specific symptoms and past training records of each child with autism, accurately generating personalized rehabilitation training plans. For example, if the platform data analysis finds that a child is making slow progress in language training, the system will automatically increase the duration and intensity of relevant training content or adjust the training methods to ensure that each child receives the most effective rehabilitation training in the shortest time possible.

Secondly, Baijiayun will allocate these funds to the development of standardized curriculum systems, the construction of professional teacher training systems, the output of clinical intervention methodologies, and the digital adaptation of service processes. A scientific and systematic curriculum system is the cornerstone of rehabilitation training. In curriculum and service system construction, Baijiayun will collaborate with Xinlantian’s professional team to develop standardized curricula based on the different developmental stages and symptom characteristics of children with autism, ensuring that rehabilitation training in different regions and institutions adheres to unified high-quality standards. At the same time, it will strengthen professional training for rehabilitation trainers, enhance their professional skills, and ensure that every trainer can proficiently apply advanced intervention methods.

Finally, Baijiayun plans to empower rehabilitation institutions and establish standardized models through the integration of “technology + service.” Over the past decade, Baijiayun has deepened its presence in the field of AI and audio-visual technology, being the most knowledgeable AI application service provider in education. Our one-stop products and services can fully support the construction of digital platforms, covering aspects such as store management, service process optimization, traffic distribution, AI tools, and data platforms. With the SaaS system, Baijiayun plans to subsequently output mature standards to more regions, providing franchisors with comprehensive empowerment including brand support, technical training, and operational guidance.

From a market perspective, the autism rehabilitation market size is showing explosive growth trends. Data shows that the global autism spectrum disorder market size was approximately $6.94 billion in 2024 and is expected to reach $13.14 billion by 2033, with a compound annual growth rate (CAGR) of 8.5% from 2024 to 2033. In China, with the continuous improvement of society’s awareness of autism and the growing demand for rehabilitation training from families, the autism rehabilitation market size is expected to reach hundreds of billions of yuan level.

Such a vast market size provides us with broad development space. Leveraging our experience and advantages in technological research and development, platform construction, and market operations, we are confident in achieving significant results in this field, creating new growth points for the company’s performance, and achieving a win-win situation for both corporate and social values.

Lastly, we would like to thank all investors again for their trust and support in us. We believe that the true value of an enterprise lies in solving social problems through commercial methods and promoting social progress with professional capabilities. Although we are well aware that there will be many challenges on the road to exploring the field of autism rehabilitation, we are confident and determined to overcome difficulties and achieve our goals.

We will continue to pay attention to the feedback and suggestions from partners. We firmly believe that by moving forward together, we will surely be able to create a brighter future!

Investor Relations Department

April 24, 2025

About Baijiayun Group Ltd 

Baijiayun is a one-stop AI video solution provider with core expertise in SaaS/PaaS solutions. Baijiayun is committed to delivering reliable, high-quality video experiences across devices and localities and has grown rapidly since its inception in 2017. Premised on its industry-leading video-centric technologies, Baijiayun offers a wealth of video-centric technology solutions, including Video SaaS/PaaS, Video Cloud and Software, and Video AI and System Solutions. Baijiayun caters to the evolving communications and collaboration needs of enterprises of all sizes and industries. For more information, please visit ir.baijiayun.com.

Safe Harbor Statement

This press release contains certain “forward-looking statements.” These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the parties’ perspectives and expectations, are forward-looking statements. The words “will,” “expect,” “believe,” “estimate,” “intend,” and “plan” and similar expressions indicate forward-looking statements.

Such forward-looking statements are inherently uncertain, and shareholders and other potential investors must recognize that actual results may differ materially from the expectations as a result of a variety of factors. Such forward-looking statements are based upon management’s current expectations and include known and unknown risks, uncertainties, and other factors, many of which are hard to predict or control, that may cause the actual results, performance, or plans to differ materially from any future results, performance or plans expressed or implied by such forward-looking statements. The forward-looking information provided herein represents the Company’s estimates as of the date of this press release, and subsequent events and developments may cause the Company’s estimates to change.

The Company specifically disclaims any obligation to update the forward-looking information in the future. Therefore, this forward-looking information should not be relied upon as representing the Company’s estimates of its future financial performance as of any date subsequent to the date of this press release.

A further list and description of risks and uncertainties can be found in the documents the Company has filed or furnished or may file or furnish with the U.S. Securities and Exchange Commission, which you are encouraged to read. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Accordingly, you are cautioned not to place undue reliance on these forward-looking statements. Forward-looking statements relate only to the date they were made, and the Company undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

For investor and media enquiries, please contact:

Company Contact:
Ms. Fangfei Liu 
Chief Financial Officer, Baijiayun Group Ltd
Phone: +86 25 8222 1596
Email: ir@baijiayun.com

URUMQI, China, April 25, 2025 /PRNewswire/ — Through systematic upgrades, State Grid Xinjiang Information & Telecommunication Company has significantly improved the reliability of its power supply system, laying a robust foundation for digital transformation.

With the continuous expansion of business systems, the power demand for computer room operations has surged, posing potential risks of overload to the existing power supply infrastructure. To address this challenge, the company established a dedicated technical team focused on core indicators such as cabinet power consumption, uninterruptible power supply (UPS) configuration, and battery health. Using high-precision internal resistance testers, technicians conducted comprehensive assessments of all batteries and optimized the operational parameters of the UPS hosts, achieving an 18.6% increase in system efficiency.

To mitigate the issue of excessive power consumption in individual cabinets, the team innovatively implemented a “dynamic load allocation + intelligent PDU management” model. By migrating and reconfiguring equipment while leveraging intelligent power distribution strategies, the power consumption of individual cabinets was reduced by 21%. Following the renovation, the overall power supply margin of the computer rooms increased to 40%, and the backup power supply’s sustainable operation time was extended by 35%. During this process, a total of 12 potential hazards were identified and rectified, including issues such as aging cables and suboptimal grounding. Additionally, an equipment health record management system was established to ensure ongoing monitoring and maintenance.

This renovation effort incorporated advanced digital twin technology to construct a three-dimensional visualization monitoring platform, enabling real-time status perception and early warning of anomalies in the power supply system. As a result, intelligent monitoring coverage for core computer rooms has been fully realized, with fault location efficiency reaching the minute level. The company also enhanced its emergency response plan system, conducting six scenario-based drills, including dual power supply switching, which reduced system recovery times to industry-leading levels. 

Looking ahead, the company plans to deepen the application of intelligent operation and maintenance systems for computer rooms. Within the year, it aims to complete standardized renovations for 14 node computer rooms across Xinjiang and establish a three-tiered guarantee mechanism encompassing “prevention, early warning, and rapid response.” This initiative will provide highly reliable digital infrastructure support for the development of the new power system.

FOSHAN, China, April 25, 2025 /PRNewswire/ — The Midea Group welcomed a delegation of international tech media journalists to its global headquarters today for an exclusive tour of the Midea smart home innovations. The visit offered these journalists a first-hand look at the latest smart home integrations and cutting-edge air conditioning technology from Midea.

The tour included product displays, a tour of production facilities, and an open discussion with the visiting journalists. Midea has put sustainability at the forefront of its smart home innovations, and these energy saving features were on full display.

Beginning in Midea 08 Space showroom, the group was welcomed by a waving robotic arm from KUKA, a global leader in intelligent automation solutions from Germany that was acquired by Midea in 2016. Also in 08 Space showroom, the group was introduced to the group’s brand matrix, including Midea, Little Swan, Toshiba, WAHIN, COLMO, Eureka and more along with their full line of smart home appliances with advanced automated functions including air conditioners, refrigerators, washing machines, air conditioners, and more. This quickly showcased the global scale of Midea’s innovation, production, and market presence.

Dr. Roosevelt Xing, Head of Overseas Product R&D at Midea, highlighted the company’s latest innovations from its Residential Air Conditioner Division—a key global product line driving industry leadership. Among the featured products was the EVOX G3 All-Climate Heat Pump, which leverages advanced energy-saving technology to deliver superior and reliable heating and cooling even in extreme conditions. Also showcased was the PortaSplit, a cutting-edge cooling solution designed for the European market, reflecting Midea’s commitment to engineering products that meet real-world user needs. “These products don’t just provide comfort—they do so efficiently and sustainably, thanks to the advanced technologies we’ve developed at Midea,” said Dr. Xing.

Throughout the visit, Midea executives provided context on how these innovations reflect the company’s broader strategy for a more sustainable future that’s healthier, more convenient, and connected. Even the lunch break at the Midea cafeteria featured advanced automation and intelligent features for serving food.

These innovations are largely due to Midea’s significant R&D investments around the world. Backed by over $14 billion in global R&D spending in the past 10 years, Midea has built one of the strongest innovation engines in the industry. At its core is the Midea Corporate Research Center, located at its headquarters and established in 2014 as Midea’s top research center focusing on strategic, cutting-edge technology to drive industry leadership.

This innovation has led Midea to develop smart home devices that cover the entirety of the home setting. This is on display at Midea Smart Home Innovation Center that replicates the interior of a home fully connected with over 600 smart home devices. Connected through the centralized smart hub, all of the home’s lights, curtains, sensors, and appliances can be centrally controlled while feeding data back into the system for customized automation. This system also integrates an advanced LLM, that allows for logical reasoning, even providing the ability to answer verbal questions and how to operate the system.

Dr. Shang Zhe, General Manager of Smart Home Business further discussed with the group about how these smart home devices and their connectivity have allowed for significant energy savings and reductions in waste. “We design our systems so that technology adapts to people’s lives – not the other way around. The goal is to make smart living intuitive and genuinely helpful, whether through voice-activated scenes or seamless device integration,” he explained.

The tour was part of Shenzhen Global Connect Innovation Week, a technology showcase event organized by iMpact, a communications and business consulting firm helping global companies localize their operations in key markets.

A shared excitement about Midea’s roadmap for the future wrapped up the tour. From intelligent air purification and all-climate heat pumps to holistic smart home ecosystems, Midea demonstrated how it is transforming modern living through innovation. As the company continues to fuse advanced technology with everyday applications, it reaffirms its vision of smart, sustainable living for households worldwide, a future where home life is more convenient, connected, and eco-friendly.

About Midea

The Midea Group, with the vision of “bringing great innovations to life”, has upheld the philosophy of creating a better life through technology since its establishment. Based on 57 years’ of development, Midea has evolved into an international tech-leading company which specializes in six major businesses including Smart Home Business, Industrial Technologies, Building Technologies, Robotics &Automation, Smart Healthcare and Smart Logistics. Over the past 10 years, over RMB 100 billion (USD 14 billion) has been invested in R&D, with 38 R&D centers and 44 major production bases in the world. At present, Midea’s products and services have served more than 500 million customers in over 200 countries and regions. It further forms a brand matrix covering Midea, Little Swan, Toshiba, WAHIN, COLMO, Clivet, Eureka, KUKA, GMCC, Welling, LINVOL, and Wandong.

Contact:
Lori Luo
luory17@midea.com