Greenland Technologies : Investor Presentation Alpha 2

GREENLAND TECHNOLOGIES HOLDING CORPORATION

NASDAQ: GTEC

Disclaimer

This presentation contains the business information of Greenland Technologies Holding Limited (the "Company"). The information contained in the presentation has not been independently verified. No representation or warranty express or implied is made as to, and no reliance should be placed on, the fairness, appropriateness, accuracy, completeness or reliability of such information (opinions, expectations, projections and valuations contained herein). Any liability for any negligent misstatement in respect of the contents of, or any omission from, the presentation is hereby expressly excluded. It is not the intention to provide, and you may not rely on the presentation as providing, a complete or comprehensive analysis of Company's financial or

trading position or prospects. Past performance is no guarantee of future performance. The information contained in the presentation should be considered in the context of the circumstances prevailing at the time and has not been, and will not be, updated to reflect material developments which may occur after the date of the presentation. None of Company nor any of their respective affiliates, advisers, service providers, representatives, directors, officers and employees or any other person accepts any liability whatsoever (in negligence or otherwise) for the contents of the presentation, or for any loss however arising from any information contained in the presentation or otherwise arising in connection with the presentation.

The slides forming part of this presentation have been prepared for the purposes of providing background information about the Company. This presentation may contain, among other things, information and statistics relating to the transmission industry and related industries in the People's Republic of China ("China"). The Company may have derived such information and data from unofficial sources, without independent verification. Market data and production forecasts contained in this presentation have been obtained from various publicly available sources, product description, as well as from management's good faith estimates, which are derived from management's knowledge of the market, production and independent sources that management believes to be reliable. The Company cannot ensure you that such information is accurate or complete. You should not place undue reliance on statements in this presentation regarding the transmission or other related industries in the China.

This presentation contains financial forecasts and projections relating to the anticipated future financial performance of the Company. Such financial forecasts and projections constitute forward looking information, are for illustrative purposes only and should not be relied upon as necessarily being indicative of future results. The significant assumptions and estimates underlying such financial forecasts and projections are subject to a wide variety of significant business, economic, competitive and other

risks and uncertainties. Actual results may differ materially from the results contemplated by the financial forecasts and projections contained in this presentation, and the inclusion in this presentation should not be regarded as a representation by any

person that the results reflected in such forecasts and projections will be achieved.

This presentation includes financial measures and other non-GAAP financial information that is calculated and presented on the basis of methodologies other than in accordance with generally accepted accounting principles in the United States of America ("GAAP"). Any non-GAAP financial measures and other non-GAAP financial information used in this presentation are in addition to, and should not be considered superior to, or a substitute for financial statements prepared in accordance with GAAP. Non-GAAP financial measures and other non-GAAP financial information is subject to significant inherent limitations. The non-GAAP financial measures and other non-GAAP financial information presented herein may not be comparable to similar non-GAAP measures presented by other companies.

The information contained in this presentation does not constitute an offer or invitation to purchase for any shares of GTEC for sale in the United States (the "U.S.") or anywhere else. The information contained in the presentation has been furnished to you solely for your own use and information and may not be reproduced, redistributed, transmitted or passed on, directly or indirectly, to any other person (whether within or outside your organization/firm) in any manner or published, in whole or in part, for any purpose. By attending this presentation or accepting information contained in the presentation, you agree to be bound by the foregoing limitations. The information contained in the presentation may not be distributed, reproduced, taken or transmitted. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

The information contained in the presentation may be of a price-sensitive nature and the provision of any such information may constitute you and/or your representatives as "insiders" under relevant securities laws. Accordingly, you may not deal in, and will inform your representatives of the restriction against dealing in, any shares in the Company in breach of any applicable laws.

The distribution of information contained in the presentation in other jurisdictions may be restricted by law and persons into whose possession such information comes should inform themselves about, and observe, any such restrictions. By attending this presentation or accepting information contained in the presentation, you agree to be bound by the foregoing instructions. Any failure to comply with these restrictions may constitute a violation of applicable securities laws.

This presentation contains "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. All statements other than statements of historical fact contained herein, including, without limitation, statements regarding the Company's future financial position, business strategy, plans and objectives, are forward-looking statements. Forward-looking statements generally can be identified by the use of forward-looking terminology such as "may," "will," "expects," "intends," "plans," "projects," "estimates," "anticipates," or "believes" or the negative thereof or any variation thereon or similar terminology or expressions. Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from results proposed in such statements. The presentation contains statements that reflect Company's current beliefs and expectations about the future as of the respective dates indicated herein. These forward-looking statements are based on a number of assumptions about Company's operations and factors beyond Company's control and are subject to significant risks, contingencies and uncertainties, and accordingly, actual results may differ materially from these forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, they can provide no assurance that such expectations will prove to have been correct. Important factors that could cause actual results to differ materially from the Company's expectations include, but are not limited to, those factors set forth in the Company's Reports on Form 10-K and Form 10- Q. Except as required by law, the Company assume no obligation to update or revise any forward-looking statements.

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Company Overview

NASDAQ: GTEC

Greenland Technologies Holding Corp is a global publicly-listed company developing emerging technology in the material handling sector. GTEC consists of two divisions, HEVI and Zhongchai Machinery. These divisions develop industry disruptive solutions to capture emerging trends and opportunities to provide value to our associates, partners and shareholders.

ZHONGCHAI MACHINERY

Market leader in the design, manufacture and distribution of drivetrains for material handling vehicles such as forklift trucks. Our expertise has earned the trust of multiple global tier-one vehicle OEMs.

HEVI

Pioneer in the manufacture of electric industrial vehicles such as front loaders, excavators and forklift trucks. Mission to provide clean alternatives to an industry dominated by heavy emission equipment.

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Company Snapshot

Snapshot

• leading designer and manufacturer of drivetrain systems for industry vehicles as well as EVs
• pioneer in the manufacture of electric industrial vehicles such as eLoaders, eExcavators and eForklift trucks

Consistent history of positive profit generation and strong fundamentals

Well-established manufacturing capabilities with a mature supply chain

Financial Overview

GTEC	2006
NASDAQ SYMBOL	FOUNDED
$90.8M	$19.8M
REVENUE FY 2022	GROSS PROFIT FY 2022
13.0M	$2.18
OUTSTANDING SHARES	SHARE PRICE*
$28M	$16.3M
MARKET CAPITALIZATION*	CASH AND EQUIVALENTS

* As of 12/31/2022

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Company History

Completed new factory

Zhongchai Machinery	Upgraded with annual	Construction started
founded producing	capacity of 80,000 units of
high precision gears	transmissions	for a new factory

• Zhongchai merged with SPAC and traded on the NASDAQ as a public company (GTEC); renamed Greenland Technologies Holding Corp
• Began R&D in solutions for sustainable energy products; developed an integrated drivetrain system for lithium forklift trucks

Launched electric industrial vehicles

• Lithium powered all-electric forklift trucks, front loaders and excavators

2006

2008

2011

2013

2015

2018

2019

2020

2021

Began production of	Recognized as an	Sold over 91,000 sets of	Launched integrated
transmission products	industry technology	transmissions to over 100	drivetrain for EVs
	leader in July	global forklift OEMs	● Began development of
			industrial EVs

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