---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-22-080502"
form_type: "8-K"
ticker: "PLAG"
cik: "0001117057"
company_name: "Planet Green Holdings Corp."
filed_at: "2022-12-16T23:59:59+00:00"
generated_at: "2026-06-21T03:08:17.587183+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Planet Green deconsolidates Ansheng; receives RMB 6M VIE termination fee

## Summary
- Terminated VIE agreements with Anhui Ansheng Petrochemical Equipment Co., Ltd. effective December 16, 2022.
- Shareholder Xiaodong Cai pays RMB 6,000,000 (~$850,000) termination consideration to subsidiary Jiayi.
- Planet Green will no longer consolidate Ansheng's financial statements.
- VIE agreements originally entered on February 11, 2022; shareholder owned 86.58% of Ansheng.

## SEC filing metadata
- accession: 0001213900-22-080502
- form_type: 8-K
- ticker: PLAG
- cik: 0001117057
- company_name: Planet Green Holdings Corp.
- filed_at: 2022-12-16T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1117057/000121390022080502/0001213900-22-080502-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1117057/000121390022080502/ea170314-8k_planetgreen.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-22-080502
- JSON: https://secwatch.observer/filing/0001213900-22-080502.json
- Plain text: https://secwatch.observer/filing/0001213900-22-080502.txt

## Key facts
- M&A Transactions
  Planet Green Holdings Corp. completed a disposition involving Xiaodong Cai and Anhui Ansheng Petrochemical Equipment Co., Ltd. for RMB 6,000,000 (closed 2022-12-16).
  - Action: disposition
  - Counterparty: Xiaodong Cai and Anhui Ansheng Petrochemical Equipment Co., Ltd.
  - Consideration: RMB 6,000,000
  - Closing: 2022-12-16
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1117057/000121390022080502/0001213900-22-080502-index.htm
- Material Agreements
  Planet Green Holdings Corp. terminated Termination Agreement with Xiaodong Cai and Anhui Ansheng Petrochemical Equipment Co., Ltd. valued at RMB 6,000,000 (effective 2022-12-16).
  - Action: termination
  - Counterparty: Xiaodong Cai and Anhui Ansheng Petrochemical Equipment Co., Ltd.
  - Value: RMB 6,000,000
  - Effective: 2022-12-16
  source text: 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1117057/000121390022080502/0001213900-22-080502-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.