Rito Group Corp. (OTCPK:RTTO) announced a private placement of 7,500 common shares at an issue price of $2 per share for gross proceeds of $15,000 on February 8, 2019. The transaction involved participation from individual investor, Lai Hoi Lam. The company announced that it has entered into a subscription agreement with the investor. 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.