Rito Group Corp. (OTCPK:RTTO) announced that it has entered into a subscription agreement with individual investor Chan Kin Wai for a private placement of 22,500 shares at a price of $2 per share for gross proceeds of $45,000 on June 27, 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.