Company: RETO
Filing Date: 2025-07-31
Form Type: F-3
Source: 0001213900-25-070052
Chunk: 29

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-07-31
Form: F-3
Chunk 29
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 the contract. If a personal information processor shall provide personal information to overseas parties, various conditions
shall be met, which includes security evaluation by the national network department and personal information protection certification
by professional institutions. The Personal Information Protection Law raises the protection requirements for processing personal information,
and many specific requirements of the Personal Information Protection Law remain to be clarified by the CAC, other regulatory authorities,
and courts in practice. We may be required to make further adjustments to our business practices to comply with the personal information
protection laws and regulations.

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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 CSRC, the CAC, or any other
governmental agency that is required to approve its current operations. However, if our PRC subsidiaries do not receive or maintain the
approvals, or we inadvertently conclude that such approvals are not required, or applicable laws, regulations, or interpretations change
such that our PRC subsidiaries are required to obtain approval in the future, we may be subject to investigations by competent regulators,
fines or penalties, ordered to suspend our PRC subsidiaries’ relevant operations and rectify any non-compliance, prohibited from
engaging in relevant business or conducting any offering, and these risks could result in a material adverse change in our PRC subsidiaries’
operations, significantly limit or completely hinder our ability to offer or continue to offer securities to investors, or cause such
securities to significantly decline in value or become worthless. As of the date of this prospectus, we and our PRC subsidiaries have
received from PRC authorities all requisite licenses, permissions, or approvals needed to engage in the businesses currently conducted
in China, and no permission or approval has been denied.

On February 17, 2023, CSRC
released the Trial Measures together with five guidelines, which became effective on March 31, 2023. The Trial Measures lay out the filing
regulation arrangement for both direct and indirect overseas listing by PRC domestic companies, and clarify the determination criteria
for indirect overseas listing in overseas markets. Any future securities offerings and listings outside of mainland China by our Company,
including but not limited