Rito Group Corp. (OTCPK:RTTO) announced that it has entered into a subscription agreement with an individual investor Leung Sui Ping for a private placement of 10,000 shares at a price of $2 per share for gross proceeds of $20,000 on April 3, 2019. The shares are issued at a premium having a par value of $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.