ReTo Eco-Solutions, Inc. announced a new iron tailings project (the "Project") in the Hainan Province with a three-million-ton treatment capacity, which is expected to yield approximately RMB 280 million (approximately USD 43.7 million) annual sales after reaching production. ReTo will design, build and manage a facility in the Hainan Province and this latest project will be responsible for the largest volume of iron tailings in Hainan. ReTo was selected by the local government based on its patented technology, ability to implement and manage secondary sorting of iron tailings, selection and use of iron ore, and expertise in recycling the remaining ore and processing it into environmentally friendly building materials. The Company expects to generate RMB 131 million (approximately USD 20.4 million) of gross profit from the Project. The company adopts the world's most advanced, mature and reliable technologies for production by adopting various systems such as three-stage crushing, two-stage screening, sand making and beneficiation. The remaining material from the Company's production can also be used as an aggregate to produce building materials. Iron ore tailings, one of the most common solid wastes in the world, are a byproduct of the beneficiation process of iron ore concentrate. The volume of this type of waste has accelerated in China in recent years due to its rapid economical growth, and expansion in iron and steel industries.  The high volume of waste generated creates a significant environmental and economic cost due to its massive land occupation and ecological damage, which result in safety hazard. Therefore, there is a greater need than ever for effective waste management systems and solutions.