Planet Green Holdings Corp. (NYSEAM:PLAG) entered into a share exchange agreement to acquire Allinyson Ltd. from Hideharu Kaneko, Li Xiao, Liyun Xiao and Chong Li for $6.5 million on April 8, 2022. Pursuant to the share exchange agreement, in exchange for the acquisition of 100% of the ordinary shares issued and outstanding of Allinyson, Planet Green Holdings issued an aggregate of 7.5 million shares of its common stock to the sellers. As reported, Hideharu Kaneko, Li Xiao, Liyun Xiao and Chong Li sold 52.63%, 31.57%, 11.57% and 2.89% respectively, in Allinyson Ltd. In case of termination of the agreement, the breaching party shall pay to the other party a termination fee, the cap of which shall be $0.3 million. The transaction is subject to closing conditions that are customary for transactions of this type including all consents required to be obtained from or made with any Governmental Authority in order to consummate the transactions contemplated by this agreement, shall have been obtained or made; the consents required to be obtained from or made with any third person shall have each been obtained or made; There shall not be any pending action brought by a third-party non-affiliate to enjoin or otherwise restrict the consummation of the closing; the Non-Competition and Non-Solicitation Agreements and Lock-Up Agreement shall be duly executed and delivered; duly executed written resolutions of the board of directors of Allinyson approving: the transfer of the shares and the appointment of such persons as directors and/or officers of the Allinyson as Planet Green Holdings may request prior to closing. Bill Huo and Steven Glauberman of Becker & Poliakoff LLP acted as legal advisors to Planet Green Holdings.