Planet Green Holdings Corp. (PLAG): M&A transaction — Planet Green deconsolidates Ansheng; receives RMB 6M VIE termination fee

among and between Jiayi, the Shareholder and Ansheng on February 11, 2022. As consideration to the termination of the VIE Agreements, the Shareholder shall pay RMB 6,000,000 to Jiayi upon execution and delivery of the Termination Agreement. As a result of the completion of the transaction, the Company no longer consolidates Ansheng’s financial

On December 16, 2022, Jiayi Technologies (Xianning) Co., Ltd. (the “ Jiayi ”), a whole owned subsidiary of Planet Green Holdings Corp. (the “ Company ”), entered into a Termination Agreement (the “ Termination Agreement ”) with Xiaodong Cai (the “ Shareholder ”) and Anhui Ansheng Petrochemical Equipment Co., Ltd. (the “ Ansheng ”), pursuant to which, among other things and subject to the terms and conditions contained therein, Jiayi, the Shareholder and Ansheng agreed to terminate all of the rights and obligations under the Amended and Restated Business Cooperation Agreement, the Consultation and Service Agreement, the Equity Option Agreement, the Equity Pledge Agreement, the Voting Rights Proxy and Financial Supporting Agreement and the Power of Attorney (collectively, the “VIE Agreements”) entered among and between Jiayi, the Shareholder and Ansheng on February 11, 2022.