Company: RETO
Filing Date: 2025-07-31
Form Type: F-3
Source: 0001213900-25-070052
Chunk: 24

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-07-31
Form: F-3
Chunk 24
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 for three consecutive
years, the Company’s securities will be prohibited from trading on a national exchange.

On December 2, 2021, the SEC
adopted final amendments to its rules implementing the HFCAA. Such final rules establish procedures that the SEC will follow in (i) determining
whether a registrant is a “Commission-Identified Issuer” (a registrant identified by the SEC as having filed an annual report
with an audit report issued by a registered public accounting firm that is located in a foreign jurisdiction and that the PCAOB is unable
to inspect or investigate completely because of a position taken by an authority in that jurisdiction) and (ii) prohibiting the trading
of an issuer that is a Commission-Identified Issuer for three consecutive years under the HFCAA. The SEC began identifying Commission-Identified
Issuers for the fiscal years beginning after December 18, 2020. A Commission-Identified Issuer is required to comply with the submission
and disclosure requirements in the annual report for each year in which it was identified. If a registrant is identified as a Commission-Identified
Issuer based on its annual report for the fiscal year ended, for example, September 30, 2021, the registrant will be required to comply
with the submission or disclosure requirements in its annual report filing covering the fiscal year ended September 30, 2022.

On December 16, 2021, the
PCAOB issued its determination that the PCAOB is unable to inspect or investigate completely PCAOB-registered public accounting firms
headquartered in mainland China and in Hong Kong, because of positions taken by PRC authorities in those jurisdictions, and the PCAOB
included in the report of its determination a list of the accounting firms that are headquartered in mainland China or Hong Kong. This
list did not include YCM CPA INC., our current auditor. Our auditor, as an auditor of companies that are traded publicly in the United
States and a firm registered with the PCAOB, is subject to laws in the United States pursuant to which the PCAOB conducts regular inspections
to assess its compliance with the applicable professional standards. On August 26, 2022, the PCAOB signed a Statement of Protocol with
the CSRC and MOF, taking the first step toward opening access for the PCAOB to inspect and investigate registered public accounting firms
headquartered in mainland China and Hong Kong without any limitations on scope. However, uncertainties exist with respect to the implementation
of