Company: RETO
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041195
Chunk: 14

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 6
Chunk 14
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 M& A.

Insofar as indemnification
for liabilities arising under the Securities Act may be permitted for our directors or officers under the foregoing provisions, we have
been informed that in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is
therefore unenforceable as a matter of United States law.

  Employees.  

As of December 31, 2024, we
had a total of 46 full-time employees. Among these employees, we had nine employees in management, three employees in sales and marketing,
18 employees in research and development, four employees in manufacturing and installation and 12 employees in administration/finance.
We had a total of 46 and 103 full-time employees as of December 31, 2024 and 2023, respectively. We did not hire any part-time employees
during the fiscal years ended December 31, 2024, 2023, and 2022. All of our employees are located at our offices or facilities in Beijing,
Xi’an, and Hebei, China. Our employees are not represented by a labor organization or covered by a collective bargaining agreement.

We participate in various
employee social security plans that are organized by municipal and provincial governments, including housing, pension, medical insurance
and unemployment insurance, as required by laws and regulations in China. We are required under PRC law to make contributions to employee
benefit plans at specified percentages of the salaries, bonuses and certain allowances of our employees, up to a maximum amount specified
by the local government from time to time.

We typically enter into standard
labor contracts with our employees. We also enter into standard confidentiality and non-compete agreements with our senior management
and research and development personnel. These contracts involve a covenant that prohibits them from engaging in any activities that compete
with our business within certain agreed period after the termination of their employment with us, and during such non-competition period.
We believe we maintain a good working relationship with our employees, and we have not experienced any material labor disputes or any
difficulty in recruiting staff for our operations.

  Share ownership.  

The following tables set forth certain information with respect to
the beneficial ownership of our Shares as of May 8, 2025, for:

  each of our directors and named executive officers; and  

  all of our directors and executive officers as a group.  

We have determined beneficial
ownership in accordance with the rules of the SEC. Except as indicated by the foot