Greenland to Hold its 2022
Annual General Meeting of Shareholders on Tuesday, January 31, 2023
EAST
WINDSOR, N.J., Jan. 9, 2023
/PRNewswire/ -- Greenland Technologies Holding Corporation
(NASDAQ: GTEC) ("Greenland" or the
"Company") today announced that on January
4, 2023, it received a notification (the "Notification")
from The Nasdaq Stock Market LLC ("Nasdaq") that the Company no
longer satisfies Nasdaq Listing Rule 5620(a) because the company
failed to hold an annual shareholders meeting within twelve months
of the Company's fiscal year ended December
31, 2021. The Notification has no immediate effect on the
listing of the Shares, and the Shares continue to trade on the
Nasdaq Capital Market under the symbol "GTEC".
Accordingly, the Company will hold its 2022 Annual General
Meeting of Shareholders on Tuesday, January
31, 2023. The meeting will be held in a virtual-only format
and will begin at 9:30 a.m. ET. While
shareholders will be able to attend the meeting online through a
live audio webcast, there will not be a physical location for the
annual meeting.
Pursuant to Nasdaq Listing Rules, the Company has 45 calendar
days to submit a plan to regain compliance and if accepted, has up
to 180 calendar days from the fiscal year end or until June 29, 2023 to regain compliance under the
Nasdaq Listing Rules.
The meeting will focus on shareholder voting on formal business
and proxy proposals. Shareholders may vote their shares
electronically, online, by mail or by phone prior to 11:59 p.m. Eastern time on January 29, 2023. Shareholders entitled to vote
at the meeting may also vote their shares online during the
meeting.
The record date for shareholders entitled to vote at the virtual
meeting is Friday, December 30, 2022.
The Company's preliminary proxy statement was filed on Friday, January 6, 2023 and includes details
confirming how shareholders can access the January 31 virtual meeting and vote shares before
or during the meeting. The public will also be able to listen to
the Annual General Meeting, without the option to vote, through
www.virtualshareholdermeeting.com/GTEC2023.
About Greenland Technologies Holding Corporation
Greenland Technologies Holding Corporation (NASDAQ: GTEC) is a
developer and a manufacturer of drivetrain systems for material
handling machineries and electric vehicles, as well as electric
industrial vehicles. Information on the Company's clean industrial
heavy equipment division can be found at HEVI Equipment.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking statements." Such statements reflect Greenland's current views with respect to
future events and are subject to such risks and uncertainties, many
of which are beyond the control of Greenland, including those set forth in the
Risk Factors section of Greenland's Annual Report on Form 10-K and
Definitive Proxy Statement on Schedule 14A filed with the
Securities and Exchange Commission ("SEC"). Copies are available on
the SEC's website, www.sec.gov. Words such as "expect," "estimate,"
"project," "budget," "forecast," "anticipate," "intend," "plan,"
"may," "will," "could," "should," "believes," "predicts,"
"potential," "continue," and similar expressions are intended to
identify such forward-looking statements. These forward-looking
statements include, without limitation, Greenland's expectations with respect to
future performance. In addition, there is uncertainty about the
further spread of the COVID-19 virus or the occurrence of another
wave of cases and the impact it may have on the Company's
operations, the demand for the Company's products, global supply
chains and economic activity in general. Should one or more of
these risks or uncertainties materialize, or should assumptions
underlying the forward-looking statements prove incorrect, actual
results may vary materially from those described herein as
intended, planned, anticipated or expected. Statements contained in
this news release regarding past trends or activities should not be
taken as a representation that such trends or activities will
continue in the future. Greenland
does not intend and does not assume any obligation to update these
forward-looking statements, other than as required by law.
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SOURCE Greenland Technologies Holding Corporation