EAST
WINDSOR, N.J., May 24, 2023
/PRNewswire/ -- Greenland Technologies Holding Corporation (NASDAQ:
GTEC) ("Greenland Technologies" or the "Company"), a technology
developer and manufacturer of electric industrial vehicles and
drivetrain systems for material handling machineries and vehicles,
today announced that its Chief Executive Officer, Mr. Raymond Wang, has purchased an additional 66,500
ordinary shares of the Company's in the open market for
approximately $99,500. Following this
transaction, Mr. Wang holds in aggregate, approximately 3.3% of the
Greenland Technologies' public float.
Mr. Raymond Wang, Chief Executive
Officer of Greenland Technologies, commented, "Over the past year,
we have made significant progress building out our operations and
expanding our footprint in the electric industrial vehicles sector
with our HEVI division. Simultaneously, we've strategically
bolstered our balance sheet with opportunistic financing. My belief
in the vision, strategy and future of Greenland Technologies has
never been stronger and we remain dedicated to maximizing
shareholder value for years to come."
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
Corp.
Safe Harbor Statement
This press release contains statements that may constitute
"forward-looking statements." Such statements reflect Greenland
Technologies' and its Chief Executive Officer'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
Technologies, including those set forth in the Risk Factors section
of Greenland Technologies' Annual Report on Form 10-K filed with
the U.S. Securities and Exchange Commission (the "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 Technologies' 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 Technologies 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