Company: RETO
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087644
Chunk: 50

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-09-15
Form: F-1
Chunk 50
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 which is as of the acquisition date of April 25, 2025, has been used to prepare the transaction accounting adjustments in the unaudited pro forma combined balance sheet and unaudited pro forma combined statement of income. Note 4. Notes to Unaudited Pro Forma Combined Balance Sheet The following is a description of the preliminary transaction accounting adjustments reflected in the unaudited pro forma combined balance sheet.

| a. | Represents estimated non-recurring transaction costs of approximately  
 $3,182,000 that were incurred by ReTo subsequent to December 31, 2024. |

| b. | Represents the elimination of the historical accumulated deficit 
 of MeinMalzeBier.                                                |

| c. | Represents the issuance of 4,680,000 Class A ordinary 
 shares in Escrow Account.                             |

| d. | Represents the payment of cash and earnout shares consideration.                                                                            
 Additionally, the Goodwill adjustment reflects the purchase price paid in excess of the preliminary estimated fair value of assets acquired 
 and liabilities assumed. See Note 3 for further details on the purchase price allocation and goodwill.                                      |

Note 5. Notes to Unaudited Pro Forma Combined Statement of Income The following is a description of preliminary transaction accounting adjustments reflected in the unaudited pro forma combined statement of income.

| a. | Represents estimated non-recurring transaction costs of approximately $3,182,000 that were incurred by ReTo subsequent to December 31, 2024. |

31 BUSINESS For a description of our business, please read “ Item 4. Information on the Company — B. Business Overview” in our 2024 Annual Report, which is incorporated by reference into this prospectus. There have been no material changes or developments to our business since the filing of our 2024 Annual Report, except as otherwise set forth in this prospectus. Please see “ Prospectus Summary — Recent Developments.” 32 REGULATIONS For a description of regulations applicable to us, please read “ Item 4. Information on the Company — B. Business Overview — Regulation” in our 2024 Annual Report, which is incorporated by reference into this prospectus. There have been no material changes or developments to the regulations since the filing of our 2024 Annual Report. 33 MANAGEMENT DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS For a description of our management discussion and analysis of financial condition and results of operation, please read “ Item 5. Operating and Financial Review