Company: RETO
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087644
Chunk: 120

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-09-15
Form: F-1
Chunk 120
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 General Meeting of Shareholders, ReTo (a) redesignated the existing common shares, par value US$0.10 each at that time, as Class A Shares with the same rights as the existing common shares and (b) created an additional 2,000,000 shares each to be designated as Class B Shares, with each share to entitle the holder thereof to 1,000 votes but with transfer restrictions, pre-emption rights and no right to any dividend or distribution of the surplus assets on liquidation. On August 14, 2024, as approved by ReTo’s board of directors and shareholders at the 2024 Annual General Meeting of Shareholders, ReTo issued 1,000,000 Class B Shares to REIT International at par value 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. Mr. Hengfang Li, ReTo’s Chief Executive Officer and Chairman of the Board at that time, Mr. Guangfeng Dai, ReTo’s President, Chief Operating Officer and Chairman of the Board, Mr. Zhizhong Hu, ReTo’s Chief Technology Officer and director, and Mr. Degang Hou, ReTo’s Chief Internal Control Officer, holds 40%, 20%, 20% and 20% ownership, respectively, of REIT International and have the respective voting and investment power with respect to the 3,904 Class A Shares and 1,000,000 Class B Shares held by REIT International. Upon issuance of 1,000,000 Class B Shares, REIT International in the aggregate holds approximately 13.1% of ReTo’s total issued and outstanding Shares and 99.3% of the aggregate voting power of ReTo’s total issued and outstanding Shares at that time. Private Placement in September 2023 On September 29, 2023, we entered into securities purchase agreements (the “Original Private Placement SPA”) for a private placement (the “2023 Private Placement”), in reliance upon Regulation S of the Securities Act, to sell to certain other investors an aggregate of 100,000 Common Shares, at a price per share of $100.00. On March 13, 2024, we entered into an amendment to the Original Private Placement SPA with such investors to change the per share purchase price from $100.00 to $40.00 for the sale of an aggregate of