GAITHERSBURG, Md., Jan. 5, 2021 /PRNewswire/ -- Planet Green
Holdings Corp. (the "Company") (NYSE American: PLAG) announced
today that on January 4, 2021, the
Company has entered into a Share Exchange Agreement with Jingshan
Sanhe Luckysky New Energy Technologies Co., Ltd. ("Target") and
each shareholder of the Target (collectively "Sellers"). Pursuant
to the Share Exchange Agreement, the Company will acquire 85% of
outstanding equity interests of the Target. The Company closed the
acquisition transaction on January 4,
2021. The Target is engaged in researching, developing,
manufacturing and selling ethanol fuel and fuel additive products
in China.
At the closing, the Company issued an aggregate of 2,200,000
shares of common stock of the Company to the original shareholders
of Target in exchange for the transfer of 85% of the equity
interests of the Target to the Company.
Forward Looking Statements
This news release contains "forward-looking statements" within
the meaning of the "safe harbor" provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements may be identified by the use of words such as
"anticipate", "believe", "expect", "estimate", "plan", "outlook",
and "project" and other similar expressions that indicate future
events or trends or are not statements of historical matters. These
statements are based on our management's current expectations and
beliefs, as well as a number of assumptions concerning future
events.
Such forward-looking statements are subject to known and unknown
risks, uncertainties, assumptions and other important factors, many
of which are outside of our control and all of which could cause
actual results to differ materially from the results discussed in
the forward-looking statements. Accordingly, forward-looking
statements should not be relied upon as representing our views as
of any subsequent date, and we do not undertake any obligation to
update forward-looking statements to reflect events or
circumstances after the date they were made, whether as a result of
new information, future events or otherwise, except as may be
required under applicable securities laws. Factors that could cause
actual results to differ materially from those expressed or implied
in forward-looking statements can be found in our reports filed
with the Securities and Exchange Commission, which are available,
free of charge, on the SEC's website at www.sec.gov.
For more information please contact:
Ms. Lili Hu
Chief Financial Officer
Phone: 202 891 8907
Email: hulili@planetgreenholdings.com
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SOURCE Planet Green Holdings Corp.