Rito Group Corp. (OTCPK:RTTO) announced that it has entered into a subscription agreement with an individual investor Cheung Kwok Sin for a private placement of 7,500 common shares at an issue price of $2 per share for gross proceeds of $15,000 on March 29, 2019. The shares are issued at a premium. The par value of shares is $0.0001 per share. The company did not pay any finder’s, broker’s or agent’s fees or commissions in connection with the transaction. The company issued securities pursuant to exemption provided under exemption from registration under Section 4(a)(2), Regulation D, and/or Regulation S.