M&A - Greenland Technologies Holding Corp.

Form Type: SCHEDULE 13D/A

Filing Date: 2025-04-24

Corporate Action: Acquisition

Type: Update

Accession Number: 000121390025034902

Filing Summary: On April 2, 2025, Cenntro Holding Limited sold 6,211,740 ordinary shares of Greenland Technologies Holding Corporation to Trendway Capital Limited for USD $1.00, with the transfer occurring on April 22, 2025. This transaction was initiated as part of a stock purchase agreement, and as a result, Cenntro Holding ceased to be the beneficial owner of the Issuer on the transfer date. The principal business of Cenntro Holding prior to the sale was as a shareholder of the Issuer, but after the transaction, its focus shifted to holding ownership interests in other companies. The beneficial ownership of Trendway Capital Limited now stands at 45.693% of the Issuer's outstanding shares, while Peter Zuguang Wang holds a total of 45.711% of the shares, comprising direct and indirect holdings. Peter Zuguang Wang remains active in his capacity as chairman of the board and may engage in corporate communications regarding the Issuer, though he does not currently have specific plans that could influence the Issuer's governance or activities.