Rito Group Corp. (OTCPK:RTTO) announced a private placement of 15,000 common shares at an issue price of $2 per share for gross proceeds of $30,000 on January 31, 2019. The transaction involved participation from individual investors Qi Wen Juan and Or Sau Bing for 7,500 shares each. The company announced that it has entered into a subscription agreement with the investor. The shares are issued at a premium. 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.