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Organization and Description of Business

12 Months Ended

Dec. 31, 2021

Organization and Nature of Business [Abstract]

ORGANIZATION AND DESCRIPTION OF BUSINESS

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 subdiaires are collectively referred to as the Company. ReTo, through its subsidiaries, is engaged in (i) manufacture and distribution of eco-friendly construction materials and equipment used for the production of these eco-friendly construction materials and related consultation and technological services; (ii) consultation, design, project implementation and construction of urban ecological protection projects; (iii) roadside assistance services; and (iv) software development services.

As of December 31, 2021, the accompanying 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
REIT Holdings (China) Limited (“REIT Holdings”)	Hong Kong, China		100	%
Beijing REIT Technology Development Co., Ltd. (“Beijing REIT”)	Beijing, China		100	%
Gu’an REIT Machinery Manufacturing Co., Ltd. (“Gu’an REIT”) (1)	Gu’an, China		-	%
REIT MingSheng Environment Protection Construction Materials (Changjiang) Co., Ltd. (“REIT Changjiang”) (2)	Changjiang, China		-	%
Beijing REIT Ecological Engineering Technology Co., Ltd.	Beijing, China		100	%
Hainan REIT Construction Engineering Co., Ltd. (“REIT Construction”)	Haikou, China		100	%
REIT New Materials Xinyi Co., Ltd. (“Xinyi REIT”)	Xinyi, China		70	%
Nanjing Dingxuan Environmental Protection Technology Development Co., Ltd. (“Dingxuan”)	Nanjing, China		100	%
REIT Q GREEN Machines Private Ltd (“REIT India”)	India		51	%
REIT Ecological Technology Co., Ltd. (“REIT Yancheng”)	Yancheng, China		100	%
Datong Ruisheng Environmental Engineering Co., Ltd. (“Datong Ruisheng”)	Datong, China		100	%
Guangling REIT Ecological Cultural Tourism Co., Ltd.	Datong, China		100	%
REIT (Xiong’an, Hebei) Eco Technology Co., Ltd.	Xiong’an, China		100	%
REIT Technology Development Co., Ltd (“REIT Technology”)	Haikou, China		100	%
Hainan REIT Mingde Investment Holding Co., Ltd(“REIT Mingde”)	Haikou, China		100	%
Yangpu Fangyuyuan United Logistics Co., Ltd.	Haikou, China		100	%
Hainan Kunneng Direct Supply Chain Management Co., Ltd.	Haikou, China		51	%
Hainan Yile IoT Technology Co., Ltd (“Hainan Yile IoT”)	Haikou, China		61.6	%
Hainan Yile IoV Technology Research Institute Co., Ltd, (“Yile Vehicles”)	Haikou, China		90	%

(1)

On January 2, 2020, Beijing REIT sold its 100% equity interests in Gu’an REIT to Hebei Huishitong Technology Inc. After the transaction, the Company no longer owns any equity interest in Gu’an REIT as of the date of this report. (See Note 4—Discontinued operations.)

(2)

On November 12, 2021, the Company sold its 100% equity interests in REIT Changjiang to Zhixin Group (Hong Kong) Co., Ltd. and Xiamen Zhixin Building Materials Co., Ltd. After the transaction, the Company no longer owns any equity interest in REIT Changjiang as of the date of this report. (See Note 4—Discontinued operations.)