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.
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