GTEC · Greenland Technologies Holding Corp.

On March 29, 2021, the board of directors of Greenland Technologies Holding Corporation held a meeting, during which the directors uninterested in the transaction unanimously approved the issuance of 2,500 ordinary shares (the "Shares") to Ming Zhao as compensation. The Shares were issued on April 19, 2021.

On March 29, 2021, the board of directors of Greenland Technologies Holding Corporation held a meeting, during which the directors uninterested in the transaction unanimously approved the issuance of 2,500 ordinary shares (the "Shares") to Charles Athle Nelson as compensation. The Shares were issued on April 19, 2021.

On March 29, 2021, the board of directors of Greenland Technologies Holding Corporation held a meeting, during which the directors uninterested in the transaction unanimously approved the issuance of 2,500 ordinary shares (the "Shares") to Bo Shen as compensation. The Shares were issued on April 19, 2021.

On March 29, 2021, the board of directors of Greenland Technologies Holding Corporation held a meeting, during which the directors uninterested in the transaction unanimously approved the issuance of 2,500 ordinary shares (the "Shares") to Peter Zuguang Wang as compensation. The Shares were issued on April 19, 2021 and directly owned by Peter Zuguang Wang.

On March 29, 2021, the board of directors of Greenland Technologies Holding Corporation held a meeting, during which the directors uninterested in the transaction unanimously approved the issuance of 2,500 ordinary shares (the "Shares") to Everett Xiaolin Wang as compensation. The Shares were issued on April 19, 2021.

Represents ordinary shares of the Issuer sold by Cenntro Holding Limited under Rule 144 promulgated under the Securities Act of 1933, as amended.

On November 9, 2020, the board of directors of Greenland Technologies Holding Corporation adopted written resolutions to approve the issuance of 120,000 ordinary shares to Raymond Z. Wang to offset unpaid salary to him in the amount of US$120,833.33. Pursuant to the resolutions, on December 30, 2020, Greenland Technologies Holding Corporation issued 69,000 ordinary shares to Raymond Z. Wang.

On November 9, 2020, the board of directors of Greenland Technologies Holding Corporation adopted written resolutions to approve the issuance of 120,000 ordinary shares to Raymond Z. Wang to offset unpaid salary to him in the amount of US$120,833.33.

On November 9, 2020, the board of directors of Greenland Technologies Holding Corporation adopted written resolutions to approve the issuance of 135,000 ordinary shares to Jing Jin to offset unpaid salary to him in the amount of US$60,000 and a personal loan made by Jing Jin to the Company in the amount of US$75,000.

On December 13, 2019, Welkin Machinery Investment I, L.P ("Welkin") entered into a share purchase agreement with Mr. Peter Wang, pursuant to which Welkin agreed to cancel the indebtedness of Sinomachinery Group Limited ("Sinomachinery") to Welkin in the amount of US$2 million in consideration for 193,051 ordinary shares of Greenland Technologies Holding Corporation (the "Company"). Sinomachinary is a related party of the Company as both entities are under common control by Mr. Peter Wang, the Company's controlling shareholder and chairman of the board of directors. On October 2, 2020, Mr. Peter Wang, through Cennto Holding Limited, transferred 193,051 ordinary shares to Welkin.

Yanming Liu is the managing member of Greenland Asset Management Corporation. Consequently, Mr. Liu may be deemed the beneficial owner of the securities held by Greenland Asset Management Corporation and has sole voting and dispositive control over such securities.

Yanming Liu is the managing member of Greenland Asset Management Corporation. Consequently, Mr. Liu may be deemed the beneficial owner of the securities held by Greenland Asset Management Corporation and has sole voting and dispositive control over such securities.

Yanming Liu is the managing member of Greenland Asset Management Corporation. Consequently, Mr. Liu may be deemed the beneficial owner of the securities held by Greenland Asset Management Corporation and has sole voting and dispositive control over such securities.