Company: RETO
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041195
Chunk: 75

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 75
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 on liquidation. The Company has retroactively reflected the above changes made to the Company’s capital structure in the
consolidated financial statements as of the earliest period presented.

Immediately after the share redesignation, the
Company has an unlimited authorized number of Class A shares with par value of $0.10each and2,000,000authorized Class B shares with
par value of $0.01each.

Issuance of Class B shares

On August 14, 2024, as approved by the Company’s
board of directors and on the 2024 Annual Meeting, the Company issued1,000,000Class B Shares to REIT International Development (Group)
Co., Limited for a total consideration of $10,000. The issuance of the Class B Shares was in reliance on the registration exemption contained
in Section 4(a)(2) of the Securities Act of 1933, as amended.

Share Combinations

On May 9, 2023, the Company implemented a combination of its authorized,
issued and outstanding common shares at a ratio of ten-for-one so that every ten shares (or part thereof) authorized and issued were combined
into one share (with the fractional shares rounding up to the next whole share) (the “2023 Share Combination”). The Company’s
common shares began trading on a post-combination basis on May 12, 2023. As a result of the 2023 Share Combination, the Company’s
authorized shares were changed from200,000,000common shares, par value $0.001per share, to20,000,000common shares, par value $0.01per share.

On July 31, 2023, the Company’s board of
directors approved a change of the maximum number of shares that the Company is authorized to issue from20,000,000shares of a single
class each with a par value of $0.01to an unlimited number of shares of a single class each with a par value of $0.01, effective July
31, 2023.

On February 1, 2024, the Company’s board
of directors approved another combination of common shares on a ten-to-one basis (the “2024 Share Combination”). The Company’s
common shares began trading on a post combination basis on March 1, 2024. As a result of the 2024 Share Combination, each ten pre-combination
common shares of the Company were automatically combined into one