Company: RETO
Filing Date: 2025-07-31
Form Type: F-3
Source: 0001213900-25-070052
Chunk: 27

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-07-31
Form: F-3
Chunk 27
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’s Congress (the “SCNPC”)
which became effective in 2008 and amended and put into effect as from August 1, 2022 (the “Anti-Monopoly Law”), established
additional procedures and requirements that could make merger and acquisition activities by foreign investors more time-consuming and
complex. Such regulation requires, among other things, that the MOFCOM be notified in advance of any change-of-control transaction in
which a foreign investor acquires control of a PRC domestic enterprise or a foreign company with substantial PRC operations, if certain
thresholds under the Provisions of the State Council on the Standard for Declaration of Concentration of Business Operators, issued by
the State Council in 2008 and amended on January 22, 2024, are triggered. Moreover, the Anti-Monopoly Law requires that transactions which
involve the national security, the examination on the national security shall also be conducted according to the relevant provisions of
the State Council. In addition, the PRC Measures for the Security Review of Foreign Investment which became effective in January 2021
require acquisitions by foreign investors of PRC companies engaged in military-related or certain other industries that are crucial to
national security be subject to security review before consummation of any such acquisition.

On July 6, 2021, the relevant
PRC governmental authorities made public the Opinions on Strictly Cracking Down Illegal Securities Activities in Accordance with the Law.
These opinions emphasized the need to strengthen the administration over illegal securities activities and the supervision on overseas
listings by China-based companies and proposed to take effective measures, such as promoting the construction of relevant regulatory systems
to deal with the risks and incidents faced by China-based overseas-listed companies. As official guidance and related implementation rules
on these opinions have not been issued yet, the interpretation of these opinions remains unclear at this stage. See “Item 3. Key Information — D. Risk Factors — Risks Related to Doing Business in China — Approval of the CSRC or other PRC government authorities may be required in connection with our future offerings under PRC law, and if required, we cannot predict whether or for how long we will be able to obtain such approval” in our 2024 Annual Report, which is incorporated by reference into this prospectus.

On December 28, 2021, the
Measures for Cybersecurity Review (2021 Version) was promulgated and became effective on February 15, 2022, which iterates