Planet Green Holdings Corp. (NYSEAM:PLAG) entered into a share exchange agreement to acquire 30% stake in Xianning Xiangtian Energy Holding Group Co., Ltd. for CNY 67.3 million on July 15, 2022. Pursuant to the share exchange agreement, Planet will acquire 30% of outstanding equity interests of the Xianning and Planet will issue 12 million shares of common stock of Planet to the shareholders of Xianning in exchange for the transfer of 30% of the equity interest of the Xianning. The transaction is subject to closing conditions that are customary. Planet Green Holdings Corp. (NYSEAM:PLAG) completed the acquisition of 30% stake in Xianning Xiangtian Energy Holding Group Co., Ltd. on July 20, 2022.