Company: RETO
Filing Date: 2025-07-31
Form Type: F-3
Source: 0001213900-25-070052
Chunk: 4

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-07-31
Form: F-3
Chunk 4
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 Nasdaq continued listing standard,
we will not be permitted to provide the Staff with a plan of compliance with respect to such deficiency and the Staff will not be permitted
to grant additional time for us to regain compliance with respect to any deficiency, nor will we be afforded an applicable cure or compliance
period. Rather, the Staff will issue a delisting determination letter. As of July 30, 2025, the closing sale price of our Class A Shares
was US$2.25.

ReTo is a business company incorporated in the British Virgin Islands (“BVI”). As a holding company with no material operations of its own, ReTo conducts substantially all of its operations through its subsidiaries established in the People’s Republic of China (the “PRC” or “China”). Investors in the Class A Shares should be aware that they may never directly hold equity interests in the Chinese operating entities, but rather purchasing equity solely in ReTo, our BVI holding company, which does not directly own substantially all of our business in China conducted by our subsidiaries. Class A Shares registered under this prospectus are shares of our BVI holding company instead of shares of our subsidiaries in China. When used herein, the references to laws and regulations of “mainland China” are only to such laws and regulations of mainland China, excluding, for the purpose of this prospectus only, Taiwan, Hong Kong and Macau. “China” or the “PRC” refers to the People’s Republic of China and the term “Chinese” has a correlative meaning for the purpose of this prospectus only.

As we conduct substantially
all of our operations in China, we are subject to legal and operational risks associated with having substantially all of our operations
in China, which risks could result in a material change in our operations and/or the value of the securities we are registering for sale
or could significantly limit or completely hinder our ability to offer or continue to offer our securities to investors and cause the
value of our securities to significantly decline or be worthless. The PRC government initiated a series of regulatory actions and made
a number of public statements on the regulation of business operations in China with little advance notice, including cracking down on
illegal activities in the securities market, enhancing supervision over China-based companies listed overseas, adopting new measures to
extend the scope of cybersecurity reviews, and expanding efforts in anti-monopoly enforcement. We have relied on the opinion of our PRC
counsel, Yuan Tai Law Offices, that as of the date of this prospectus,