Company: RETO
Filing Date: 2025-05-09
Form Type: 20-F
Source: 0001213900-25-041195
Chunk: 79

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-05-09
Form: 20-F
Item: Item 19
Chunk 79
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,580common shares to the sellers, based on a price of $610per share and the exchange
rate of RMB6.39per USD 1 on February 22, 2022.

Private Placements

Private placement in 2022

On May 25, 2022, the Company issued5,970common shares
to Hainan Tashanshi Digital Information Co., Ltd. at $600per share for aggregate gross proceeds of $3,582,000.

Private placement in 2023

On May 18, 2023, the Company entered into a securities
purchase agreement. Pursuant to the agreement, the Company issued20,000common shares at $330per share for aggregate gross proceeds
of $6,600,000, which were issued on May 25, 2023.

Private placements in 2024

On September 29, 2023, the Company entered into a securities purchase
agreement to sell an aggregate of150,000common shares at a price of $100.0per share to certain investors (the “ September 2023
Offering”). On March 13, 2024, the Company entered into an amendment to the September 2023 Offering with such investors to change
the subscription price from $100.0to $40.0and to change the terms of the closing of the October 2023 Offering, and the Company closed
the October 2023 Offering with gross and net proceeds of $6,000,000. In addition, in a concurrent private placement (the “ Concurrent
Private Placement”) on September 29, 2023, the Company agreed to sell to certain other investors an aggregate of100,000common
shares, par value $1.0, at $100.0per share. On March 13, 2024, the Company entered into an amendment to the Concurrent Private Placement
with such investors to change the subscription price from $100.0to $40.0, and the Company closed the Concurrent Private Placement with
gross proceeds of $4,000,000and net proceeds of $3,939,062.

On August 30, 2024, the Company entered into an
offering agreement. Pursuant to the agreement, the Company issued1,409,520common shares at $13.8per share for aggregate gross and net
proceeds of $19,451,376. The shares were issued on September 6, 2024