Item 1.01 Entry Into A Material Definitive Agreement

Pacific Green Technologies, Inc. (the "Company" or "PGTK", (OTCQB:PGTK)) has entered into a Battery Energy Storage System Strategic Manufacturing Framework Agreement (the "Framework Agreement") with Shanghai Electric Gotion New Energy Technology Co., Ltd. ("SEG").

Under the terms of the Framework Agreement, the parties will work together towards the development of various lithium-ion Battery Energy Storage System (BESS) projects around the world. PGTK, through its wholly owned subsidiary, Pacific Green Energy Storage Technologies, Inc., will manage each project's overall execution, including system design, integration and commercial optimization, while SEG will produce the battery technology as the equipment manufacturer.

Item 7.01 Regulation FD Disclosure.

On January 14, 2021 the Company issued a news releases regarding the Battery Energy Storage System Strategic Manufacturing Framework Agreement with Shanghai Electric Gotion New Energy Technology Co., Ltd.

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