Company: RETO
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041195
Chunk: 15

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 6
Chunk 15
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 781 Class A Shares held through REIT International. Mr. Dai holds a 20% ownership of REIT International and has the voting and investment power with respect to 20% ...  

  (3)      Represents (i) approximately 781 Class A Shares held through REIT International. Mr. Hu holds a 20% ownership of REIT International and has the voting and investment power with respect to 20% o...  

  (4)      Represents (i) approximately 781 Class A Shares held through REIT International. Mr. Hou holds a 20% ownership of REIT International and has the voting and investment power with respect to 20% ...  

Record Holders

As of May 8, 2025, to our knowledge, we had nine holders of record
of our Class A Shares in the United States, which represented 697,483 Class A Shares, approximately 10.5% of our outstanding Class A Shares
(including Cede & Co., the nominee of the Depositary Trust Company, holding 697,246 Class A Shares, representing approximately 10.5%
of our outstanding Class A Shares). The number of holders of record and the shares they held is based exclusively upon the certified shareholder
list provided by our transfer agent and does not address whether a share or shares may be held by the holder of record on behalf of more
than one person or institution who may be deemed to be the beneficial owner of a share or shares in the Company.

2022 Share Incentive Plan

On December 6, 2022, the Company’s
shareholders approved the 2022 Share Incentive Plan, which initially allowed for issuance of up to 5,000 Class A Shares to employees,
non-employee directors, officers and consultants for services rendered to the Company, with an automatic share reserve increase by a number
equal to the lesser of (i) 5% of the total number of Class A Shares issued and outstanding on December 31 of the calendar year immediately
preceding the date of such increase and (ii) a number of Class A Shares determined by the Compensation Committee.

On March 8, 2023, the Company’s
board of directors approved the issuance of an aggregate of 5,000 Class A Shares to its employees, officers and directors for their services.
As of the date of this annual report, the automatic share reserve increase will permit the Company to issue up to an additional 115,489
shares under the 202