Company: RETO
Filing Date: 2025-10-24
Form Type: 424B5
Source: 0001213900-25-102262
Chunk: 30

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-10-24
Form: 424B5
Chunk 30
---
 POLICY We have never declared or paid any cash dividends on our Class A Shares. We anticipate that we will retain any earnings to support operations and to finance the growth and development of our business. Therefore, we do not expect to pay cash dividends in the foreseeable future. Any future determination relating to our dividend policy will be made at the discretion of our board of directors and will depend on a number of factors, including future earnings, capital requirements, financial conditions, and future prospects and other factors the board of directors may deem relevant. S-20

DILUTION If you invest in our Class A Shares, your interest will be diluted to the extent of the difference between the price per share you pay in this offering and the net tangible book value per share immediately after this offering. Our net tangible book value of our Class A Shares as of October23, 2025 was approximately $32,484,088, or approximately $4.15 per Share based on 7,827,491shares outstanding at that time. “Net tangible book value” is total assets minus the sum of liabilities and intangible assets. “Net tangible book value per share” is net tangible book value divided by the total number of shares outstanding. After giving effect to the sale of 1,373,625 Class A Shares in this offering at an offering price of $1.04 per share, and after deducting the estimated offering expenses that we will pay, our pro forma as adjusted net tangible book value as of October23, 2025 would have been approximately $33,881,658, or approximately $3.68 per share. This represents an immediate increase in net tangible book value of $ -0.47 per share to our existing shareholders and an immediate dilution in net tangible book value of approximately $2.64 per share to new investors participating in this offering, as illustrated by the following table:

| Offering price per share                                                                                            
 Historical net tangible book value per share as of October 23, 2025                                                 
 Pro forma increase in net tangible book value per share attributable to October 23, 2025 Registered Direct Offering |     |   |  1.04 
  4.15 
 -0.47 |
|:--------------------------------------------------------------------------------------------------------------------|:----|:--|------:|
| Increase in pro forma net tangible book value per share attributable to this offering                               |     |   | -0.47 |
| Pro form as adjusted net tangible book value per share as of October 23, 2025