Greenland Technologies Holding Corporation announced it has signed a new distribution agreement with a minimum potential market value of $5 million to $8.4 million. The agreement includes both fixed and adjustable minimum purchase requirements across a multi-year term to accommodate Greenland's expanding electric industrial vehicle product line. If the distribution partner to the agreement were to maintain the minimum purchase requirement used in the second year of the agreement, it would increase the minimum potential market value to approximately $8.4 million.

Under the agreement, the Company's distribution partner, Elive Maroc S.A.R.L. A.U. (Partner), will have the exclusive right to market and sell Greenland's industrial EV vehicles in Morocco. This will include Greenland's GEF-Series Lithium Electric Forklifts, its GEL-Series Lithium Electric Front Loaders and its GEX-Series Lithium Electric Excavators.