Company: RETO
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087644
Chunk: 93

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-09-15
Form: F-1
Chunk 93
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 with generally accepted accounting principles of the PRC (“PRC GAAP”). Appropriations to the statutory surplus reserve are required to be at least 10% of the after-tax net income determined in accordance with PRC GAAP until the reserve is equal to 50% of the entity’s registered capital. Appropriations to the discretionary surplus reserve are made at the discretion of the Board of Directors. The restricted amounts as determined pursuant to PRC laws totaled $ 1,072,895and $ 1,072,895as of December 31, 2024 and 2023, respectively. Common Shares ReTo was established on August 7, 2015 under the laws of the British Virgin Islands. Share redesignation. On August 4, 2024, the board of directors and our shareholders at the 2024 Annual General Meeting of Shareholders (the “2024 Annual Meeting”) approved the amendment and restatement of its amended Memorandum and Articles of Association (the “Amended and Restated Memorandum and Articles of Association”) to, among other things, (a) redesignate the existing common shares, par value $ 0.10each, as Class A shares, par value $ 0.10each (the “Class A Shares”), with the same rights as the existing common shares, including the right to onevote at a meeting of the Shareholders or on any Resolution of Shareholders; the right to an equal share in any dividend paid by the Company; and the right to an equal share in the distribution of the surplus assets of the Company on its liquidation, and (b) create an additional 2,000,000shares each to be designated as Class B shares, par value $ 0.01each (the “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. The Company has retroactively reflected the above changes made to the Company’s capital structure in the consolidated financial statements as of the earliest period presented. Immediately after the share redesignation, the Company has an unlimited authorized number of Class A shares with par value of $ 0.10each and 2,000,000authorized Class B shares with par value of $ 0.01each. Issuance of Class B shares On August 14, 2024, as approved by the Company’s board of directors and on the 2024