Renavotio Inc (fka RIII)

[PNKBULLSHT]

$RIII RENAVOTIO ANNOUNCES CHANGE IN AUDITORS, MARCUM; LLP APPOINTED AS NEW INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Tulsa, OK – Newsfile Corp. – October 27, 2021 — Renavotio, Inc. (OTCQB: RIII) (the “Company”), an infrastructure investment company focused on opportunities, including medical protective equipment, 5G, ISP, utility construction, utility management, IoT, water, waste management technology, and related industries. The Company announced today the appointment of Marcum LLP (the "Successor Auditor") as its independent registered public accounting firm, effective October 25, 2021, to hold this position until the next annual meeting of the shareholders of the Company. The Successor Auditor was appointed following the resignation of Yichien Yeh, CPA (“Yey” or“ the “Former Auditor”) as the Company’s independent registered public accounting firm. Yey resigned as our independent registered public accounting firm due to an Order by the Public Company Accounting Oversight Board (“PCAOB”) revoking the PCAOB Registration of Yey, which resignation was not due to any disagreements with Yey regarding any matter of accounting principles or practices, financial statement disclosures, audit scope, or audit procedure (the “Resignation”).

All of 2020 will be re-audited along with 2021 and reported in the next 10K to account and prepare and reconstituted beginning balance and income statements. Once completed, the Company plans to file a new S-1 filing along with the additional actions required for a possible up-listing in the future. Preceding the date of the Former Auditor's resignation, there are no reportable events between the Company and the Former Auditor.

The resignation of the Former Auditor and the appointment of the Successor Auditor have been approved by the Company's Board of Directors.

“We are excited to have retained as our auditor a global leader like Marcum who we began working with to audit our acquisitions of Utility Management Corp that included Utility Management Construction, LLC and Cross-Bo Construction, LLC. We are extremely pleased to select Marcum as our independent registered public accounting firm for Renavotio, Inc. with their extensive experience in public audits.,” elaborated Billy Robinson, CEO and Chairman of the Company.