Company: RETO
Filing Date: 2025-09-15
Form Type: F-1
Source: 0001213900-25-087644
Chunk: 64

Company: ReTo Eco-Solutions, Inc.
Filing Date: 2025-09-15
Form: F-1
Chunk 64
---
 | $ |           - |   |
| Non-Cash Investing Activities                                                             |     |                                 |             |   |     |   |             |   |     |   |             |   |
| Right-of-use assets obtained in exchange for operating lease obligations                  |     |                                 |           - |   |     |   |      42,367 |   |     |   |           - |   |
| Addition to intangible assets through long term account payable                           |     | $                               |     389,121 |   |     | $ |           - |   |     | $ |           - |   |
| Common shares issued for conversion of debt                                               |     | $                               |           - |   |     | $ |   4,111,080 |   |     | $ |   1,799,314 |   |

The accompanying notes are an integral part of these consolidated financial statements. F-7 RETO ECO-SOLUTIONS, INC. AND SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTE 1 – ORGANIZATION AND DESCRIPTION OF BUSINESS

ReTo Eco-Solutions, Inc. (“ReTo”)
is a business company established under the laws of the British Virgin Islands on August 7, 2015 as a holding company to develop business
opportunities in the People’s Republic of China (the “PRC” or “China”). ReTo and its subsidiaries are collectively
referred to as the Company. ReTo, through its subsidiaries, is engaged in manufacture and distribution of ecological environment protection
equipment, intelligent mining equipment and related consultation and technological services for the years ended December 31, 2024,2023
and 2022.

As of December 31, 2024, the consolidated financial
statements of the Company reflected the principal activities of the entities listed below. All inter-company balances and transactions
have been eliminated upon consolidation.

| Name of the Entity                                             |     | Place of               
 Incorporation          |     | Ownership  
 Percentage |        |   |
| ReTo Eco-Solutions, Inc.                                       |     | British Virgin Islands |     |            | Parent |   |
| New REIT International Co., Limited (“New REIT”)**             |     | Hong Kong, China       |     |            |    100 | % |
| Sunoro Holdings Limited (“Sunoro Holdings”)                    |     | Hong Kong, China       |     |            |    100 | %