Partnership Recognition Underscores Rapid Growth of AI-Driven Digital Banking in Malaysia
KUALA LUMPUR, Malaysia, May 14, 2026 /PRNewswire/ — Ant Digital Technologies and Ryt Bank today announced that their partnership has been honoured with the Best AI-Powered Customer Experience and Engagement Initiative in Malaysia for 2026 at The Asian Banker Malaysia Awards. The award recognises the joint achievement of both organisations in deploying enterprise-grade AI technology to deliver personalised, scalable financial services and bring best-in-class customer experiences in Malaysia.
The Asian Banker Malaysia Awards is one of the most established benchmarking programmes in retail, transaction finance, risk management and financial technology, recognising exceptional innovation, leadership, management and performance.
According to The Asian Banker Awards, “The Ryt Bank and Ant Digital Technologies’ application of AI-driven engagement capabilities to deliver personalised, conversational and real-time customer interactions across digital channels positions both organisations as a leading example of how AI can be embedded within banking platforms to enhance customer engagement, improve service responsiveness and support scalable digital experience delivery.”
Ryt Bank, an entity established by YTL Digital Capital Sdn Bhd and Sea Limited, is licensed by Bank Negara Malaysia and positioned as The World’s First AI-powered bank. Since launching in August 2025, Ryt Bank has reached 1.2 million users in just over seven months and processed more than 25 million transactions, with monthly transaction volume growing more than 35 times since launch.The growth reflects strong adoption of Ryt Bank’s core digital banking features, including bill payments, card usage, Ryt PayLater and Ryt AI — its AI-powered banking assistant that enables users to complete transfers and bill payments through simple prompts in the app. Nearly half of Ryt Bank users have engaged with Ryt AI, with adoption seen across all age groups, including users aged 50 and above.
“This award validates our belief in the power of AI to reshape the future of financial services. More importantly, it reflects how Malaysians are embracing a new way of banking — one that is simpler, more intuitive, and built around everyday needs. We are delighted to work alongside Ant Digital Technologies, whose deep expertise in AI and commitment to local market needs have been instrumental in our journey,” said Wilson Soon, interim CEO at Ryt Bank.
“We are honored to receive this recognition together with RYT Bank. Together, we are proving that AI and finance can integrate seamlessly to deliver real value for customers – faster, safer, and more personalised banking experiences,” said Leo Li, President of International Business at Ant Digital Technologies.
Ant Digital Technologies, is the technology subsidiary of Ant Group. In 2025, Ant Digital Technologies established its International Headquarters in Hong Kong. In 2026, the company established an operation center in Malaysia and launched a recruitment drive across Southeast Asia, underscoring its long-term commitment to building local AI ecosystems. The company’s global network has grown to over 300 partners, serving more than 10,000 enterprise customers worldwide.
Sustains >90% on-time performance throughout April, records encouraging passenger demand, and provides flexibility and value for travellers
SYDNEY, May 12, 2026 /PRNewswire/ — Malaysia Airlines continues to focus on operational consistency and customer flexibility amid today’s evolving operating environment.
Malaysia Airlines Maintains Focus on Operational Consistency and Greater Flexibility for Travellers
The airline maintained on-time performance (OTP) above 90% throughout April, marking the second consecutive month of average OTP above the 90% level, while consistently exceeding its 85% target since January 2026. This sustained performance reflects ongoing operational improvements across the network, including enhancements to boarding processes and on-ground support, contributing to a smoother and more dependable travel experience for customers.
Customer demand has also remained encouraging. In March, year-on-year (YoY) passenger traffic increased by 30%, with positive momentum continuing into April as traffic grew by 8% YoY. The sustained growth reflects stable underlying demand for travel across key markets, even as the broader air travel environment continues to evolve.
Bryan Foong, Chief Executive Officer of Airline Business from Malaysia Aviation Group, said, “We recognise that travellers today are navigating a more uncertain environment, and that reliability and flexibility remain important when planning their journeys. Our focus continues to be on delivering safe and dependable operations, while providing our customers the flexibility and support they need as travel patterns continue to evolve. The operational consistency we have seen in recent months, together with continued customer demand across key markets, is an encouraging reflection of the steady progress being made across the airline. Above all, our priority is to ensure customers feel supported and confident throughout their journey with us.”
Recognising that travellers are increasingly seeking both assurance and value, Malaysia Airlines has introduced its “Now Boarding” campaign across key markets. The campaign brings together customer-focused offerings designed to support more flexible and confident travel decisions.
Central to this is the airline’s Flex fare family, which allows unlimited flight changes with no extra fees, providing greater peace of mind should plans evolve. For families planning their holidays, Malaysia Airlines also offers child fares alongside dedicated onboard activity packs for young travellers, helping create a more enjoyable and seamless travel experience for families. Customers who book directly via the Malaysia Airlines website or official mobile app can also enjoy exclusive benefits*, including 5% savings on flights for Enrich members, up to AUD 75 off with Amex and PayPal Pay in 4 services, ensuring they get more value out of their journey.
The airline’s progress is further reflected in the continued growth of its brand value. In the latest Airlines 50 2026 report by Brand Finance, Malaysia Airlines recorded the highest brand value growth among Malaysian carriers. Brand value increased by 27% to USD771 million, with the airline climbing four places to rank 41st globally, supported by sustained recovery and a continued focus on delivering a premium, customer-centric experience.
Malaysia Airlines will continue building on these efforts as it strengthens the overall travel experience for customers across its network.
*Terms and conditions apply. For more information and to book your flights, visit www.malaysiaairlines.com
About Malaysia Airlines
Malaysia Airlines is the national carrier of Malaysia, offering premium and full-service travel options to, from, and within the country. As the gateway to Asia and beyond, the airline carries up to 40,000 guests daily on memorable journeys inspired by Malaysia’s diverse heritage. Malaysia Airlines embodies the nation’s rich traditions, cultures, and cuisines, delivering an unparalleled experience through its signature Malaysian Hospitality across every customer touchpoint.
Since September 2015, the airline has been owned and operated by Malaysia Airlines Berhad. It is part of the Malaysia Aviation Group (MAG) – a global aviation organisation comprising a range of aviation and lifestyle travel solution portfolios aimed at serving global air travel needs.
As a member of the oneworld® alliance, Malaysia Airlines offers enhanced connectivity to more than 900 destinations in 170 territories worldwide. For more information, visit www.malaysiaairlines.com or download the Malaysia Airlines app for the latest promotions at your fingertips.
Three new Laguna Phuket developments – spanning lakeside living, golf-front design and Angsana-branded luxury – to be showcased at Fairmont Singapore on 23–24 May
SINGAPORE – Media OutReach Newswire – 14 May 2026 – Banyan Group Residences is bringing three of its most anticipated new residential launches to Singapore this month, with a two-day sales exhibition taking place at Fairmont Singapore, Orchard Room (4F) on Saturday 23 and Sunday 24 May 2026, from 11:00 am to 6:00 pm. The event offers Singapore buyers a rare opportunity to explore and invest in some of Phuket’s most compelling new addresses, with dedicated sales teams on hand for private consultations.
Angsana Golf Residences Topaz
The exhibitions follow a year of record residential sales for Banyan Group Residences, as growing numbers of global investors look to Phuket as a safe haven for capital – drawn by the island’s political stability, strong rental yields, year-round lifestyle appeal, and the relative value it continues to offer against comparable markets. Demand has been particularly robust from buyers across Asia, the Middle East, and Europe, with Singapore consistently ranking among the Group’s top source markets worldwide.
The three projects on show represent some of the most exciting new additions to Laguna Phuket – Asia’s premier integrated resort destination – and span a range of living concepts, price points, and design inspirations, united by the hallmark quality and hospitality expertise of Banyan Group Residences, Asia’s leading branded residential developer by volume.
“Singapore has long been one of our most important buyer markets, and we’re delighted to be returning with what we believe is our strongest line-up yet,” said Stuart Reading, Managing Director of Banyan Group Residences. “Whether you’re looking for a holiday retreat, a permanent base in a world-class resort community, or a smart long-term investment, this exhibition offers something genuinely compelling. High-quality property in a prime location at Laguna Phuket still represents outstanding value compared to equivalent homes in Singapore or other major cities.”
Bellaguna Lake Residences
Brand new blocks of Bellaguna Lake Residences will be revealed for the first time at the exhibition. Set beside a shimmering lake within Laguna Phuket – steps from Bang Tao Beach – the development takes its design cues from the sleek lines of a contemporary luxury yacht. Five elegantly elongated buildings feature dark wave-like façades and warm, light-filled interiors, with generous private terraces overlooking the lagoon. Residences include one- to three-bedroom condominiums and two- to three-bedroom penthouses with private rooftop pools, as well as a brand new category of two-bedroom residences with private pool.
Bellaguna is Banyan Group Residences’ newest residential brand, conceived specifically for premium year-round living outside of hotel inventory – yet fully supported by the Group’s renowned hospitality management standards.
Bellaguna Golf Residences
Set on land that once formed part of Phuket’s historic tin-mining landscape, Bellaguna Golf Residences draws its design identity from that heritage – soft horizontal lines and sculpted contours reinterpreted through a contemporary tropical lens. Low-rise buildings unfold amid lush gardens and a signature free-form pool, overlooking the fairways of the championship Laguna Golf Phuket course. A brand new block has also just been released for this project, which features a compact one-bedroom configuration, alongside one- to three-bedroom condominiums and two- to three-bedroom penthouses with private pools and sunset golf views.
Angsana Golf Residences Topaz
Inspired by the clarity and elegance of the topaz gemstone, Angsana Golf Residences Topaz comprises three gracefully curved low-rise buildings set within Laguna Phuket, with Sino-Portuguese design accents that subtly reference Phuket’s cultural heritage. The development offers two- and three-bedroom residences and exclusive penthouses with private rooftop pools, all enjoying panoramic views of the golf course, mountains, and the Andaman Sea. A signature rooftop ring-shaped pool completes the picture.
Show units are now available for all three projects at the Laguna Property Sales Gallery.
Banyan Living
Banyan Group has recently launched Banyan Living, a residential rental and marketing platform created to support owners of branded residences across the Group’s portfolio, while offering guests a professionally managed alternative to traditional home‑sharing platforms.
Developed as a structured, hospitality-led rental ecosystem, Banyan Living enables private owners to generate income from their residences, while providing guests who rent the properties assurance of the design integrity and professional service standards associated with Banyan Group.
Why Phuket, Why Now
Phuket continues to attract growing international interest as both a lifestyle destination and an investment market. Within Laguna Phuket, nationals of some 70 countries have chosen to make the resort community their home, drawn by year-round tropical living, world-class amenities, international schools, medical facilities, and a level of quality and security that is difficult to match elsewhere in the region.
Banyan Group Residences anticipates launching up to USD 1 billion in new luxury residential projects in Phuket over the next two to three years, reflecting the Group’s confidence in the market and the enduring strength of demand from international buyers.
Prospective buyers are welcome to visit the exhibition at Fairmont Singapore, Orchard Room (4F), on Saturday 23 and Sunday 24 May 2026, between 11:00 am and 6:00 pm. Private appointments can be arranged in advance by contacting the team directly. Hashtag: #BanyanGroup #BanyanGroupResidences #LagunaPhuket
The issuer is solely responsible for the content of this announcement.
About Banyan Group
Banyan Group (“Banyan Tree Holdings Limited” or the “Group” – SGX: B58) is an independent, global hospitality company with purpose. The Group prides itself on its pioneering spirit, design-led experiences and commitment to responsible stewardship. Its extensive portfolio spans more than 100 properties, over 140 spas and galleries, and 20-plus branded residences in over 20 countries. Comprising 12 global brands, including the flagship Banyan Tree, each distinct yet united under the experiential membership programme with Banyan. The founding ethos of “Embracing the Environment, Empowering People” is embodied through the Banyan Global Foundation and Banyan Management Academy. Banyan Group is committed to remaining the leading advocate of sustainable travel, with a focus on regenerative tourism and innovative programmes that elevate the guest experience.
About Laguna Phuket
Laguna Phuket is Asia’s premier integrated resort destination, set against the stunning backdrop of the Andaman Sea. Spanning over 1,000 acres, the resort features six luxury hotels, an award-winning 18-hole golf course, fine dining, luxury spas, and branded residences. Guests benefit from complimentary shuttle services, a cashless payment system, and access to world-class recreational and wellness facilities.
About Banyan Group Residences
Banyan Group Residences is the property development arm of leading hospitality pioneer Banyan Group, listed on the stock exchange of Singapore. With over 35 years of development experience and an impressive portfolio of residential brands to suit different lifestyles and budgets, it is Thailand’s leading lifestyle property developer with a strong and increasingly international pipeline of projects. The Group’s main residential brands include the flagship luxury Banyan Tree Residences, Angsana Residences, Dhawa Residences, Garrya Residences, Laguna Residences, Cassia Residences, Skypark, Laguna Lakelands, and Bellaguna.
BANGKOK, THAILAND – Media OutReach Newswire – 14 May 2026 – Charoen Pokphand Foods Public Company Limited (CPF) and NH Foods Ltd. today announced that their joint venture, CPF NH Foods Co., Ltd., has officially commenced production at its modern manufacturing facility in Chachoengsao, Thailand, alongside the launch of a new premium brand, CP Nippon.
The start of operations follows the successful establishment of the joint venture in late 2025, combining CPF’s fully integrated supply chain and regional distribution network with NH Foods’ advanced food processing technologies and product development expertise. The facility now serves as the production hub for a new generation of high-quality processed meat products, targeting both domestic and export markets including Japan, Hong Kong, Singapore, and other key Asian destinations.
Prasit Boondoungprasert, Chief Executive Officer of CPF, said “Starting production and introducing CP Nippon brand mark an important milestone in our partnership with NH Foods. This collaboration enables us to move beyond primary production to premium processed products, creating greater value for Thailand’s pork industry while strengthening its position as a key exporter across Asia.”
The manufacturing facility integrates advanced production systems and stringent quality assurance processes aligned with international standards, reinforcing both companies’ commitment to food safety, traceability, and sustainability. By leveraging CPF’s high-quality raw material sourcing and NH Foods’ precision manufacturing know-how, the joint venture aims to set new benchmarks in processed meat production.
Fumio Maeda, President and Chief Executive Officer of NH Foods, added “The commencement of production represents a key milestone in our collaboration with CPF. By combining our strengths in technology and product innovation with CPF’s operational excellence, we are bringing together the rich culinary traditions of Japan and Thailand to deliver refined, high-quality food experiences to consumers across Asia.”
The product range under CP Nippon brand reflects NH Foods’ Japanese culinary expertise—rooted in the craftsmanship of ryōrinin—combined with CPF’s strength in high-quality sourcing and production.
Beyond product innovation, CPF NH Foods is committed to sustainable manufacturing practices, including efficient resource utilization and environmentally responsible operations, in line with CPF’s “Kitchen of the World” vision and both companies’ long-term sustainability goals.
The issuer is solely responsible for the content of this announcement.
About Charoen Pokphand Foods Plc (CPF)
Charoen Pokphand Foods Plc (CPF) is a leading global agro-industrial and food company, operating in 17 countries and exporting to more than 50 markets worldwide. Guided by its “Kitchen of the World” vision, CPF focuses on delivering safe, high-quality, and nutritious food through a vertically integrated business model. The company integrates technology and innovation across its operations while advancing sustainability and working toward a low-carbon, resilient food system that supports global food security.
About NH Foods NH Foods Ltd., operates in the food industry with a focus on meat products and related processed foods. The group conducts its business globally, and targets both domestic and international markets for its diversified protein and food solutions portfolio.
SAN FRANCISCO, May 14, 2026 /PRNewswire/ — Pinegrove Credit Partners, backed by Brookfield and HRTG Partners, and Temasek announced a strategic partnership focused on venture debt. The partnership will focus on supporting venture debt financing for growth-stage companies in the innovation economy.
The partnership brings together Temasek and Pinegrove to extend flexible, minimally dilutive financing solutions to growth-stage technology and life sciences companies. Pinegrove Credit Partners is the venture debt and private credit business of Pinegrove.
Temasek’s partnership with Pinegrove reflects a joint view that venture debt plays a growing role in funding the next wave of innovation. As capital markets evolve and equity financing becomes increasingly selective, venture debt is playing a more important role in supporting high-quality companies seeking scale while preserving ownership and balance sheet flexibility.
Pinegrove Credit Partners provides secured loans to venture capital-backed companies, with a focus on businesses operating at the forefront of innovation, including AI and compute infrastructure, defense, space, energy, and robotics technologies, as well as enterprise software, healthcare, and life sciences.
Pinegrove maintains a long-standing relationship with Silicon Valley Bank (SVB), a division of First Citizens Bank, one of the most established institutions in venture banking. Pinegrove has worked alongside SVB’s venture lending platform since 2012 and in December 2024, the parties formalized a strategic lending relationship.
Across multiple venture and credit cycles, Pinegrove Credit Partners’ funds have deployed over $4.5 billion across approximately 580 loans to more than 450 growth-stage companies since inception in 2012. Since March 2025, existing fund vehicles have closed or signed term sheets on 37 loans totaling approximately $700 million in commitments.
“Pinegrove’s platform is built on deep connectivity across the innovation ecosystem, including long-standing relationships with banking partners, sponsors, and company leadership teams,” said Jim Ellison, Managing Partner and Head of Pinegrove Credit Partners. “This positioning drives differentiated origination and allows us to deploy capital with a high degree of selectivity.”
About Pinegrove Credit Partners Pinegrove Credit Partners is the venture debt and private credit business of Pinegrove Venture Partners (“Pinegrove”). Backed by Brookfield and HRTG Partners, and with over $12 billion of assets under management, Pinegrove operates as a diversified venture investment platform operating across the innovation economy, that includes: venture debt (Pinegrove Credit Partners), fund primaries and co-investments (Pinegrove Strategic Partners), and venture secondaries (Pinegrove Opportunity Partners). For more information on Pinegrove Credit Partners, please email info@pinegrove.vc
About Temasek Temasek is a global investment company headquartered in Singapore, with a net portfolio value of S$434 billion (US$324b) as at 31 March 2025. Its Purpose “So Every Generation Prospers” guides it to make a difference for today’s and future generations. Temasek seeks to build a resilient and forward-looking portfolio that will deliver sustainable returns over the long term. It has 13 offices in 9 countries around the world: Beijing, Hanoi, Mumbai, Shanghai, Shenzhen, and Singapore in Asia; and Brussels, London, Mexico City, New York, Paris, San Francisco, and Washington, DC outside Asia. For more information on Temasek, please visit www.temasek.com.sg
SANTA CLARA, Calif., May 14, 2026 /PRNewswire/ — Tuya Inc. (“Tuya” or the “Company”) (NYSE: TUYA; HKEX: 2391), a global leading AI cloud platform service provider, today announced that it will hold an annual general meeting of the Company’s shareholders (the “AGM”) at 2:00 p.m. (Hong Kong time) on Thursday, June 18, 2026 at Huace Center, Building A, 3/F VVIP room, Xihu District, Hangzhou City, Zhejiang Province, 310012, China, for the purposes of considering and, if thought fit, passing each of the Proposed Resolutions as defined and set forth in the notice of the AGM (the “AGM Notice”). The AGM Notice and the form of proxy for the AGM are available on the Company’s website at ir.tuya.com. The board of directors of the Company fully supports the Proposed Resolutions and recommends that shareholders and holders of American depositary shares (“ADSs”) vote in favor of the Proposed Resolutions.
Holders of record of the Company’s ordinary shares as of the close of business on May 22, 2026 (Hong Kong time) are entitled to receive notice of, and to attend and vote at, the AGM or any adjournment or postponement thereof. Holders of record of ADSs as of the close of business on May 22, 2026 (New York time) who wish to exercise their voting rights for the ADSs underlying Class A ordinary shares must give voting instructions directly to The Bank of New York Mellon, the depositary of the ADSs, if ADSs are held directly by holders on the books and records of The Bank of New York Mellon or indirectly through a bank, brokerage or other securities intermediary if the ADSs are held by any of them on behalf of holders.
The Company has filed its annual report on Form 20-F, including its audited financial statements, for the fiscal year ended December 31, 2025, with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s annual report on Form 20-F can be accessed on the Company’s website at ir.tuya.com and on the SEC’s website at http://www.sec.gov.
About Tuya Inc.
Tuya Inc. (NYSE: TUYA; HKEX: 2391) is a global leading AI cloud platform service provider with a mission to build an AI developer ecosystem and enable everything to be smart. Tuya has pioneered a purpose-built AI cloud platform with cloud and generative AI capabilities that delivers a full suite of offerings, including Platform-as-a-Service, or PaaS, AI application & others and Smart home & robot products for developers of smart device, commercial applications, and industries. Through its AI developer platform, Tuya has activated a vibrant global developer community of brands, OEMs, AI agents, system integrators and independent software vendors to collectively strive for smart solutions ecosystem embodying the principles of green and low-carbon, security, high efficiency, agility, and openness.
LETHAM, Scotland, May 14, 2026 /PRNewswire/ — MDJM Ltd. (OTC: UOKAF) (the “Company”), an integrated global culture-driven asset management company, today announced that, through its wholly-owned subsidiary, MANSIONS CATERING AND HOTEL LTD, it has entered into a share purchase agreement to acquire a 75% equity interest in Mirai Co., Ltd. (株式会社みらい) (“Mirai”), a Japan-based company.
The closing of the acquisition is subject to customary closing conditions and other conditions set forth in the share purchase agreement. If completed, the acquisition is expected to mark a significant strategic step in the Company’s efforts to build global animation intellectual property commercialization and distribution capabilities.
The transaction is being implemented through a coordinated acquisition structure, with support from Broad Investment Securities LLC, and is structured through a series of agreements, including equity transfer arrangements and post-closing management frameworks.
Strategic Expansion into Global IP Commercialization
If completed, the acquisition is expected to support the Company’s strategic transition from content development toward the establishment of a full-stack IP commercialization capability, aimed at strengthening downstream commercialization and distribution channels.
Expanding Global Market Access Through Japan
Japan remains one of the most mature markets globally for animation, IP merchandising, and cultural product commercialization. By anchoring its commercial capabilities in Japan, the Company expects to enhance its ability to:
Integrate into a developed animation and commercial ecosystem;
Expand IP-driven product offerings across Asia, Europe, and North America; and
Establish long-term relationships with international distribution channels and platforms.
This is expected to enhance the Company’s ability to extend IP value from content creation into sustainable commercial revenue streams.
Financial Consolidation and Revenue Scale Enhancement
Upon completion of the transaction, the Company expects to consolidate Mirai into its financial statements.
Based on historical financial information provided by Mirai, which has not been audited, Mirai has represented an annualized revenue scale of approximately US$30 million, reflecting an established and ongoing operating business.
Such information is derived from historical data currently available to the Company and does not constitute a guarantee or projection of Mirai’s future financial performance, nor should it be interpreted as a forward-looking statement. The relevant financial information will be subject to audit and confirmation in accordance with applicable accounting standards following completion of the transaction.
About Mirai Co., Ltd.
Mirai is a Japan-based supply chain company primarily engaged in the supply of consumer electronics and cosmeceutical products to corporate distributors. Mirai operates through established distribution networks and provides capabilities supporting product commercialization and market expansion.
About MDJM LTD
MDJM LTD is a global culture-driven asset management company focused on transforming historical properties into cultural hubs that integrate modern digital technology with rich historical value. The Company has been expanding its operations in the UK, where it is developing projects such as Fernie Castle in Scotland and the Robin Hill Property in England. These properties are being remodeled into multi-functional cultural venues that will feature fine dining, hospitality services, art exhibitions, and cultural exchange events. Fernie Castle is undergoing comprehensive architectural and landscape renovation planning in design collaboration with renowned architectural firm Kengo Kuma and Associates. As part of its broader strategy, MDJM seeks to position itself as a hub for artisan exchanges, art shows, and sales, leveraging its historical properties as platforms for promoting Eastern and Western cultural exchanges. This initiative reflects the Company’s commitment to furthering its global market expansion and enhancing its cultural business footprint. For more information regarding the Company, please visit https://www.ir-uoka.com/.
Forward-Looking Statements
This announcement contains forward-looking statements. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s annual report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission.
BEIJING, May 14, 2026 /PRNewswire/ — ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (“ReTo” or the “Company“) today announced that its board of directors approved a combination of its Class A shares, no par value (the “Class A Shares“), on a four-to-one basis (the “Share Combination“). The Class A Shares will begin trading on a post combination basis on May 18, 2026.
As a result of the Share Combination, each four (4) pre-combination Class A Shares will be automatically combined into one (1) Class A Share without any action on the part of the holders, with the number of issued and outstanding Class A Shares reduced from 13,079,201 to approximately 3,269,801. There will be no change to the par value of the Class A Shares, which will remain no par value following the Share Combination. The Class A Shares will continue to trade on the Nasdaq Capital Market (“Nasdaq“) under the symbol “RETO” under a new CUSIP number – G75271406. The Share Combination is intended to increase the market price per share of the Class A Shares to allow the Company to maintain its Nasdaq listing.
No fractional shares will be issued as a result of the Share Combination. Shareholders who otherwise would be entitled to a fractional share because they hold a number of Class A Shares not evenly divisible by four will automatically be entitled to receive an additional share of the Class A Shares.
The Share Combination will not be submitted to a vote of the Company’s shareholders as shareholder approval is not required under the laws of the British Virgin Islands.
The Company’s transfer agent, VStock Transfer, LLC, will act as the exchange agent. Adjustments made to Class A shares represented by physical stock certificates can be made upon surrender of the certificate to the transfer agent. Please contact VStock Transfer, LLC for further information at (212) 828-8436.
About ReTo Eco-Solutions, Inc.
Founded in 1999, ReTo Eco-Solutions, Inc., through its operating subsidiaries in China, is primarily engaged in the research and development, and sales of ecological environment protection equipment, intelligent mining equipment and smart craft beer machines. 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. 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: +86-010-64827328 Email: ir@reit.cc