Company: RETO
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041195
Chunk: 73

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 73
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 these claims and proceedings are related to, or arise from,
lease disputes, commercial disputes, worker compensation complaints, default on guaranteeing third-party lease obligations, and default
on loans. The Company first determines whether a loss from a claim is probable, and if it is reasonable to estimate the potential loss,
the loss will be accrued. The Company discloses a range of possible losses, if a loss from a claim is probable but the amount of loss
cannot be reasonably estimated.

NOTE 15 - RELATED PARTY TRANSACTIONS

The Company records transactions with various
related parties. These related party balances as of December 31, 2024 and 2023 and transactions for the years ended December 31, 2024,
2023 and 2022 are identified as follows:

  (1)      Related parties  
 ────────────────────────────

  Name of Related Party                Relationship to the Company                                                                     
  Mr. Hengfang Li                      Chief Executive Officer and Chairman of the Board of Directors, and shareholder of the Company  
  Q Green Techcon Private Limited      A non-controlling shareholder of disposal subsidiary                                            

  (2)      Due from related parties  
 ─────────────────────────────────────

As of December 31, 2024 and 2023, the balance due from related parties
was as follows:

                              As of             As of  
  Mr. Hengfang Li           $24,048          $358,659  

  (3)      Sales to related party  
 ───────────────────────────────────

                                       For the year      For the year      For the year  
                                              ended      ended             ended         
                                       December 31,      December 31,      December 31,  
                                               2024      2023              2022          
  Q Green Techcon Private Limited          $229,600      $                 $             
 ─────────────────────────────────────────────────────────────────────────────────────────

  (4)      Equity grants  
 ──────────────────────────

On June 4, 2022, the Company issued an aggregate
of1380Common shares to directors under the 2018 Share Incentive Plan and the 2021 Share Incentive Plan (Note 16).

On March 12, 2023, the Company issued an aggregate
of670Common shares to directors under the 2022 Share Incentive Plan (Note 16).

On August 12, 2024, the Company issued an aggregate
of1,100