Company: RETO
Filing Date: 2025-07-31
Form Type: F-3
Source: 0001213900-25-070052
Chunk: 19

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-07-31
Form: F-3
Chunk 19
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 other foreign exchange. These risks could result in a material
adverse change in our operations and the value of our Class A Shares, significantly limit or completely hinder our ability to continue
to offer securities to investors, or cause the value of such securities to significantly decline. For a detailed description of risks
relating to doing business in China, see “Item 3. Key Information — D. Risk Factors — Risks Related to Doing Business in China” in our 2024 Annual Report, which is incorporated by reference into this prospectus.

The PRC government’s
significant discretion and authority in regulating our operations and its oversight and control over offerings conducted overseas by,
and foreign investment in, China-based issuers could significantly limit or completely hinder our ability to offer or continue to offer
securities to investors. Implementation of industry-wide regulations in this nature may cause the value of our securities to significantly
decline or become worthless. For more details, see “Item 3. Key Information — D. Risk Factors — Risks Related to Doing Business in China — The PRC government’s significant oversight and discretion over the conduct of our business and may intervene or influence our operations at any time which could result in a material adverse change in our operation and/or the value of our Class A Shares” in our 2024 Annual Report, which is incorporated by reference into this prospectus.

Risks and uncertainties arising
from the legal system in China, including risks and uncertainties regarding the enforcement of laws and quickly evolving rules and regulations
in China, could result in a material adverse change in our operations and cause our Class A Shares to decrease in value or become worthless.
For more details, see “Item 3. Key Information — D. Risk Factors — Risks Related to Doing Business in China — There are uncertainties regarding the interpretation and enforcement of PRC laws, rules and regulations. The rules and regulations in China can change quickly with little advance notice and uncertainties in the interpretation and enforcement of PRC laws, rules and regulations could limit the legal protections available to you and us” in our 2024 Annual Report, which is incorporated by reference into
this prospectus.

Cash and Other Assets Transfers between the Holding Company and Its Subsidiaries

For
the fiscal year ended December 31, 2022, 2023 and 2024, funds equivalent to approximately $4.2 million, $0.1 million, and $29.4 million,
respectively, were provided to the PRC subsidiaries as shareholder loans