NEW YORK, March 10, 2021-- Planet Green Holdings Corp. (the "Company") (NYSE American: PLAG) announced today that on March 9, 2021, the Company has entered into a Share Exchange Agreement with Jilin Chuangyuan Chemical Co., Ltd. ("Target") and each shareholder of the Target (collectively "Sellers"). Pursuant to the Share Exchange Agreement, the Company will acquire 75% of outstanding equity interests of the Target, a company that researches, develops and manufactures formaldehyde, urea formaldehyde adhesive, methylal and clean fuel products and sells such products in China.

Pursuant to the Share Exchange Agreement, the company will issue 3,300,000 shares of common stock of the Company to the Sellers in exchange for the transfer of 75% of the equity interest of the Target. The transaction is subject to closing conditions that are customary for transactions of this type.

Forward Looking Statements

This news release contains "forward-looking statements" within the meaning of the "safe harbor" provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as "anticipate", "believe", "expect", "estimate", "plan", "outlook", and "project" and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on our managements current expectations and beliefs, as well as a number of assumptions concerning future events.