Company: RETO
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087644
Chunk: 75

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-09-15
Form: F-1
Chunk 75
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 in the PRC are determined using Renminbi (“RMB”),
the local currency, as the functional currency. ReTo, New REIT and Sunoro Holdings use U.S. Dollars (“US$”) as their functional
currency. The Company’s financial statements are reported using U.S. Dollars. The results of operations and the consolidated statements
of cash flows denominated in foreign currency are translated at the average rate of exchange during the reporting period. Assets and liabilities
denominated in foreign currencies at the balance sheet date are translated at the applicable rates of exchange in effect at that date.
The equity denominated in the functional currency is translated at the historical rate of exchange at the time of capital contribution.
Because cash flows are translated based on the average translation rate, amounts related to assets and liabilities reported on the consolidated
statements of cash flows will not necessarily agree with changes in the corresponding balances on the consolidated balance sheets. Translation
adjustments arising from the use of different exchange rates from period to period are included as a separate component of accumulated
other comprehensive income (loss). Gains and losses from foreign currency transactions are included in the results of operations.

The value of RMB against US$ (“$”)
and other currencies may fluctuate and is affected by, among other things, changes in the PRC’s political and economic conditions.
Any significant revaluation of RMB may materially affect the Company’s financial condition in terms of US$ reporting.

|                                              |     | December 31,                     
 2024                             |     | December 31,    
 2023            |     | December 31,    
 2022            |
|:---------------------------------------------|:----|:---------------------------------|:----|:----------------|:----|:----------------|
| Year-end spot rate                           |     | US$1=RMB 7.2993                  |     | US$1=RMB 7.0999 |     | US$1=RMB 6.8972 |
| Year-end spot rate (discontinued operations) |     | US$1= Indian Rupee (“INR”) 85.55 |     | US$1=INR 83.19  |     | US$1=INR 82.72  |
| Average rate                                 |     | US$1=RMB 7.1957                  |     | US$1=RMB 7.0809 |     | US$1=RMB 6.7290 |
| Average rate (discontinued operations