Rito Group Corp. (OTCPK:RTTO) announced that it has entered into a subscription agreement with individual investor Yeung Wing Yan for a private placement of 7,500 common shares of par value $0.0001 per share issued at $2 per share for gross proceeds of $15,000 on December 31, 2018. 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.