Company: RETO
Filing Date: 2025-07-31
Form Type: F-3
Source: 0001213900-25-070052
Chunk: 5

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-07-31
Form: F-3
Chunk 5
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 we are not directly subject to these regulatory actions or statements,
as we have not implemented any monopolistic behavior and our business does not involve large-scale collection of user data, implicate
cybersecurity, or involve any other type of restricted industry. None of our PRC subsidiaries currently operates in an industry that prohibits
or limits foreign investment. As a result, as advised by our PRC counsel, Yuan Tai Law Offices, other than those requisite for a domestic
company in mainland China to engage in the businesses similar to those of our PRC subsidiaries, none of our PRC subsidiaries is required
to obtain any permission from Chinese authorities, including the China Securities Regulatory Commission (the “CSRC”), the
Cyberspace Administration of China (the “CAC”), or any other governmental agency that is required to approve its current operations.

On February 17, 2023, the
CSRC released the Trial Administrative Measures of Overseas Securities Offering and Listing by Domestic Companies (the “Trial Measures”),
effective on March 31, 2023, which requires the filing with the CSRC of the overseas offering and listing plans and the follow-on offering
plans by PRC domestic companies under certain conditions, and the filing with the CSRC by their underwriters associated with such companies’
overseas securities offering and listing. The Company is required to file with CSRC for the MeinMalzeBier acquisition that was completed
in April 2025 and for the Offering. The filing for the MeinMalzeBier acquisition has been submitted to the CSRC and is under review. The
Company is in the process of preparing for the filing for the Offering. The failure of the Company to submit the filing with CSRC timely
may subject the Company to sanctions by the CSRC or other PRC regulatory agencies, which may include fines and penalties on our operations
in China, limitations on our operating privileges in China, restrictions on or prohibition of the payments or remittance of dividends
by our PRC subsidiary in China, or other actions that could have a material and adverse effect on our business, financial condition, results
of operations, reputation and prospects, as well as the trading price of our Class A Shares. See “Risk Factors — Risks Related to Doing Business in China — We cannot predict whether or for how long we will be able to complete the filing procedure with the CSRC and complete such filing.”

In addition, any actions by
the PRC government to exert more oversight and control over offerings that are conducted