The invention discloses a transplanting mechanism for forming holes in rice pot seedling film, and belongs to the agricultural machinery. A planetary shaft is fixedly installed on a planetary wheel ofa non-circular gear planetary gear train mechanism, a conjugate cam is rotatably mounted on the planetary shaft, and the planetary shaft is fixedly connected with a transplanting arm housing; a leftspring clip and right spring clip are fixedly installed on two sides of the transplanting arm housing separately, and the transplanting arm housing is separately provided with a transplanting mechanism body and a film hole-forming mechanism in a matched mode, wherein the transplanting mechanism body comprises a shifting fork shaft, a transplanting shifting fork, a transplanting shifting fork chainlink, a seedling pushing rod, the left spring clip, the right spring clip, a U-shaped clamp, a seedling pushing claw and a compression spring, and a film hole-forming mechanism comprises the shiftingfork shaft, a hole-forming shifting fork, a hole-forming shifting fork chain link, a hole-forming rod, a hole-forming chain link, a hole-forming device and an extension spring. The structure of the mechanism is novel, reasonable, simple and compact, cooperation between hole forming in the film and pot seedling transplanting is good, and the mechanism has stable operation, an outstanding operationeffect and a high work efficiency.