Rito Group Corp. (OTCPK:RTTO) announced a private placement of 12,500 shares at a price of $2 per share for gross proceeds of $25,000 on May 28, 2019. The transaction included participation from individual investor Tang Kam Yau. The company issued shares at a premium having a face value of $0.0001 per share. The company issued share pursuant to Regulation D.