---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-24-039555"
form_type: "8-K"
ticker: "GTEC"
cik: "0001735041"
company_name: "Greenland Technologies Holding Corp."
filed_at: "2024-05-03T23:59:59+00:00"
generated_at: "2026-06-02T23:13:55.791175+00:00"
event_type: "litigation"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Greenland Technologies hit with derivative suit seeking $38M+ damages and spin-off injunction

## Summary
- Derivative action filed Apr. 26 in NJ federal court against all directors, CEO, and controlling shareholder Cenntro Holding.
- Complaint alleges breach of fiduciary duties, waste, and Section 16(a) violations; seeks at least $38,060,365 in damages.
- Plaintiffs seek to block proposed spin-off and restrict Chairman Peter Wang from selling shares until Cenntro pays company.
- Audit committee dismissed WWC and engaged Enrome as auditor for FY2024; no prior disagreements or reportable events.

## SEC filing metadata
- accession: 0001213900-24-039555
- form_type: 8-K
- ticker: GTEC
- cik: 0001735041
- company_name: Greenland Technologies Holding Corp.
- filed_at: 2024-05-03T23:59:59+00:00
- event_type: litigation
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 4.01, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1735041/000121390024039555/0001213900-24-039555-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1735041/000121390024039555/ea0205234-8k_greenland.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-039555
- JSON: https://secwatch.observer/filing/0001213900-24-039555.json
- Plain text: https://secwatch.observer/filing/0001213900-24-039555.txt

## Key facts
- Auditor Changes
  Greenland Technologies Holding Corp. dismissed WWC P.C. as its auditor.
  - Action: dismissal
  - Auditor: WWC P.C.
  source text: the audit committee of the board of directors of Greenland Technologies Holding Corporation (the "Company") approved the dismissal of WWC P.C., an independent registered public accounting firm ("WWC")
  evidence_url: https://www.sec.gov/Archives/edgar/data/1735041/000121390024039555/0001213900-24-039555-index.htm
- Auditor Changes
  Greenland Technologies Holding Corp. engaged Enrome LLP as its auditor.
  - Action: engagement
  - Auditor: Enrome LLP
  source text: approved and ratified the engagement of Enrome LLP ("Enrome") to serve as the independent registered public accounting firm of the Company for the fiscal year ending December 31, 2024
  evidence_url: https://www.sec.gov/Archives/edgar/data/1735041/000121390024039555/0001213900-24-039555-index.htm

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