Greenland Technologies Holding Corp. — Director's Dealing 2021

Apr 22, 2021

SEC Form 4 — Statement of Changes in Beneficial Ownership

Issuer: Greenland Technologies Holding Corp. (GTEC)
CIK: 0001735041
Period of Report: 2020-10-02

Reporting Person: WANG PETER (Director)

Non-Derivative Transactions

Date	Security	Code	Shares	Price	A/D	Holdings After	Ownership
2020-10-02	Ordinary Shares	J	193051	—	Disposed	7306949	Indirect
2021-04-13	Ordinary Shares	S	50000	$12.21	Disposed	7256949	Indirect
2021-04-19	Ordinary Shares	A	2500	—	Acquired	2500	Direct

Footnotes

F1: On December 13, 2019, Welkin Machinery Investment I, L.P ("Welkin") entered into a share purchase agreement with Mr. Peter Wang, pursuant to which Welkin agreed to cancel the indebtedness of Sinomachinery Group Limited ("Sinomachinery") to Welkin in the amount of US$2 million in consideration for 193,051 ordinary shares of Greenland Technologies Holding Corporation (the "Company"). Sinomachinary is a related party of the Company as both entities are under common control by Mr. Peter Wang, the Company's controlling shareholder and chairman of the board of directors. On October 2, 2020, Mr. Peter Wang, through Cennto Holding Limited, transferred 193,051 ordinary shares to Welkin.

F2: On March 29, 2021, the board of directors of Greenland Technologies Holding Corporation held a meeting, during which the directors uninterested in the transaction unanimously approved the issuance of 2,500 ordinary shares (the "Shares") to Peter Zuguang Wang as compensation. The Shares were issued on April 19, 2021 and directly owned by Peter Zuguang Wang.