Rito Group Corp. (OTCPK:RTTO) announced that it has entered into a subscription agreement for a private placement of 45,000 common shares at a price of $2 per share for gross proceeds of $90,000 on April 12, 2019. The shares were issued at premium over the par value of $0.0001. The transaction included participation from individual investors Leung Lop Yan Larry, Hau Yuen Ping Tany, Ling Lai Ngor Lisa, Tsang Hor Chiu for 7,500 shares each, and Yu Ka Wai for 15,000 shares. The company has not incurred 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.