Planet Green acquires 66% of Anhui Ansheng Petrochemical Equipment for 4.8M shares

Planet Green Holdings Corp.

Acquired 66% equity interest in Anhui Ansheng Petrochemical, which manufactures insulation explosion-proof refueling equipment and LNG cryogenic equipment in China.
Consideration was 4,800,000 shares of PLAG common stock issued to the sellers.
Transaction closed on July 16, 2021; sellers agreed to a one-year lock-up on shares.
Four-year non-competition and non-solicitation agreements covering the business in China.

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