| Schedule of Financial Statements |
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 | % | | Beijing ReTo Hengda Technology Co., Ltd. (“Reto Hengda”)* | | Beijing, China | | | 100 | % | | Beijing REIT Equipment Technology Co., Ltd. (“REIT Equipment”) | | Beijing, China | | | 100 | % | | Honghe ReTo Ecological Technology Co., Ltd. (“Honghe ReTo”) | | Yunnan, China | | | 100 | % | | Beijing ReTo Hengye Technology Co., Ltd., (“ReTo Hengye”)* | | Beijing, China | | | 100 | % |
| ● | * On April 8, 2025, Sunoro Hengda (Beijing) Technology Co., Ltd. was
renamed to “Beijing ReTo Hengda Technology Co., Ltd.” * On April 10, 2025, Senrui Bochuang (Beijing) Technology Co., Ltd.
was renamed to “Beijing ReTo Hengye Technology Co., Ltd.,” |
| ● | ** On January 29, 2024, the Company registered a new subsidiary in
Hong Kong named “New REIT” |
|