Company: RETO
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041195
Chunk: 8

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 6
Chunk 8
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employment agreement with Mr. Hou on May 11, 2024 (the “ Hou Employment Agreement”), pursuant to which Mr. Hou serves as the
Chief Internal Control Officer of the Company for a term from May 11, 2024 to December 31, 2025, subject to successive, automatic one-year
extensions unless either party gives notice of non-extension to the other party at least 30 days prior to the expiration of the applicable
term. Pursuant to the Hou Employment Agreement, Mr. Hou is entitled to annual compensation of RMB 700,000 (approximately $102,000), and
other discretionary equity bonus or benefits as determined by the Company from time to time.

Under each of the Li Employment
Agreement, the Dai Employment Agreement, the Hu Employment Agreement, and the Hou Employment Agreement, we may terminate their employment
for cause, at any time, without notice or remuneration, for certain acts, such as conviction or plea of guilty to a felony or grossly
negligent or dishonest acts to our detriment, or misconduct or a failure to perform agreed duties. In such case, the executive officer
will not be entitled to receive payment of any severance benefits or other amounts by reason of the termination, and his right to all
other benefits will terminate, except as required by any applicable law. We may also terminate the executive officer’s employment
without cause immediately and without prior written notice upon the removal of the executive officer pursuant to the exercise of any power
contained in the memorandum and articles of association of the Company or upon 30 days’ advance written notice. In such case of
termination by us, we are required to pay the executive officer a cash payment of three months of base salary as of the date of such termination.
The executive officer may terminate his employment at any time with 30 days’ advance written notice if there is a material reduction
in his authority, duties and responsibilities, without his consent, or a material reduction in his annual salary. In such case, the executive
officer will be entitled to receive compensation equivalent to three months of his base salary. In addition, if we or our successor terminates
the employment agreements upon a merger, consolidation, or transfer or sale of all or substantially all of our assets with or to any other
individual(s) or entity, the executive officer shall be entitled to the following severance payments and benefits upon such termination:
(1) a lump sum cash payment equal to three months of base salary at a rate