UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
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FORM
CURRENT REPORT
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Item 1.01 Entry Into A Material Definitive Agreement.
On September 14, 2022, Planet Green Holdings Corp. (the “Company”) and Hubei Bulaisi Technology Co., Ltd. (the “Purchaser”), a subsidiary of the Company, entered into a Share Purchase Agreement with Xue Wang, a shareholder of Jingshan Sanhe Luckysky New Energy Technologies Co., Ltd. (“Jingshan”), (the “Seller”), pursuant to which, among other things and subject to the terms and conditions contained therein, the Purchaser agreed to effect share purchase from the Seller of 15% of the outstanding equity interests of Jingshan, and the Company shall pay to the Seller an aggregate of U.S. $3,000,000 in exchange for 15% of the issued and outstanding shares. Before the closing of this Share Purchase transaction, the Company owns 85% equity interest of Jingshan through the Purchaser. On September 14, 2022, the Company closed the Share Purchase transaction.
Item 2.01 Completion of Acquisition or Disposition of Assets.
The information set forth in Item 1.01 above relating to the closing of the share purchase transaction is incorporated herein by reference.
Item 9.01 Financial Statements and Exhibits.
(d) | Exhibits. |
Exhibit No. | Description | |
10.1 | Share Purchase Agreement, dated as of September 14, 2022, by and among Planet Green Holdings Corp., Hubei Bulaisi Technology Co., Ltd., and Xue Wang, a shareholder of Jingshan Sanhe Luckysky New Energy Technologies Co., Ltd. | |
104 | Cover Page Interactive Data File (embedded within the Inline XBRL document) |
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.
Dated: September 19, 2022 | PLANET GREEN HOLDINGS CORP. | |
By: | /s/ Bin Zhou | |
Name: | Bin Zhou | |
Title: | Chief Executive Officer and Chairman |
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