Bochuang (Hubei) New Energy Co., Ltd. and Hubei Yunhong Trading Co., Ltd. entered into a Share Purchase Agreement to acquire 19.96% stake in Planet Green Holdings Corp. (NYSEAM:PLAG) for $4.1 million on May 19, 2022. As per the terms of the transaction, Bochuang and Hubei Yunhong shall acquire 5 million shares respectively of Planet Green at $0.41 per share.

The transaction is subject to customary closing conditions.