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Organization and Description of Business
 6 Months Ended
Jun. 30, 2022
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 subsidiaries 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 June 30, 2022, the accompanying unaudited condense 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%
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 Ordos”)*  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. (“Fangyuyuan”)  Haikou, China   90%
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, (“IoV Technology Research”)  Haikou, China   90%

 

*Previously known as “REIT Yangcheng”