PLANET GREEN HOLDINGS CORP. : Completion of Acquisition or Disposition of Assets (form 8-K)

Item 2.01 Completion of Acquisition or Disposition of Assets.

As previously reported, on December 9, 2021, Planet Green Holdings Corp. (the "Company") and Jiayi Technologies (Xianning) Co., Ltd. (the "Subsidiary"), a subsidiary of the Company, entered into a Share Exchange Agreement (the "Share Exchange Agreement") with Shandong Yunchu Supply Chain Co., Ltd. ("Target"), and each of shareholders of the Target (collectively, the "Sellers"), pursuant to which, among other things and subject to the terms and conditions contained therein, the Subsidiary agreed to effect an acquisition of the Target by acquiring from the Sellers 100% of the outstanding equity interests of the Target (the "Acquisition"). The target is a regional leading beef products importer and distributor in China.

On December 20, 2021, the Parties completed the transaction. Upon the closing of the transaction, the Subsidiary acquired 100% shares outstanding of the Target and the Company issued 5,900,000 shares of common stock to the Sellers.

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