If the filing person has previously
filed a statement on Schedule 13G to report the acquisition which is the subject of this Schedule 13D, and is filing this schedule because
of Rule 13d-1(e), 13d-1(f) or 13d-1(g), check the following box ☐
The information required on
the remainder of this cover page shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange
Act of 1934 (“Act”) or otherwise subject to the liabilities of that section of the Act but shall be subject to all other provisions
of the Act (however, see the Notes).
1
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Name of Reporting Person
Cenntro Holding Limited
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2
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Check the Appropriate Box if a Member of a Group
(a) ☒
(b) ☐
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3
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SEC Use Only
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4
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Source of Funds
OO
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5
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Check the Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e)
☐
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6
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Citizenship or Place of Organization
Hong Kong Special Administrative Region of the People’s Republic
of China (“Hong Kong”)
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
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Sole Voting Power
0
|
6
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Shared Voting Power
7,231,949 (1)
|
7
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Sole Dispositive Power
0
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8
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Shared Dispositive Power
7,231,949 (1)
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
7,231,949 (1)
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10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐
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11
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Percent of Class Represented by Amount in Row 9
68.79% (2)
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12
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Type of Reporting Person
FI
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|
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|
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(1)
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Represents
7,231,949 ordinary shares held by Cenntro Holding Limited, a Hong Kong company (“Cenntro Holding”), which is directly and
wholly owned by Cenntro Enterprise Limited, a Hong Kong company (“Cenntro Enterprise”), which is directly and wholly owned
by Peter Zuguang Wang, the chairman of the board of directors of the Issuer.
|
|
(2)
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The
beneficial ownership percentage is calculated based on 10,513,327 ordinary shares of the Issuer issued and outstanding as of the date
of this filing.
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1
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Name of Reporting Person
Cenntro Enterprise Limited
|
2
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Check the Appropriate Box if a Member of a Group
(a) ☒
(b) ☐
|
3
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SEC Use Only
|
4
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Source of Funds
OO
|
5
|
Check the Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e)
☐
|
6
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Citizenship or Place of Organization
Hong Kong
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
|
Sole Voting Power
0
|
6
|
Shared Voting Power
7,231,949 (1)
|
7
|
Sole Dispositive Power
0
|
8
|
Shared Dispositive Power
7,231,949 (1)
|
9
|
Aggregate Amount Beneficially Owned by Each Reporting Person
7,231,949 (1)
|
10
|
Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐
|
11
|
Percent of Class Represented by Amount in Row 9
68.79% (2)
|
12
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Type of Reporting Person
FI
|
|
|
|
|
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(1)
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Represents
7,231,949 ordinary shares directly held by Cenntro Holding, which is directly and wholly owned by Cenntro Enterprise, which is directly
and wholly owned by Peter Zuguang Wang, the chairman of the board of directors of the Issuer.
|
|
(2)
|
The
beneficial ownership percentage is calculated based on 10,513,327 ordinary shares of the Issuer issued and outstanding as of the date
of this filing.
|
1
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Name of Reporting Person
Peter Zuguang Wang
|
2
|
Check the Appropriate Box if a Member of a Group
(a) ☒
(b) ☐
|
3
|
SEC Use Only
|
4
|
Source of Funds
OO
|
5
|
Check the Box if Disclosure of Legal Proceedings is Required Pursuant
to Item 2(d) or 2(e)
☐
|
6
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Citizenship or Place of Organization
United States of America
|
Number of
Shares
Beneficially
Owned by
Each
Reporting
Person With
|
5
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Sole Voting Power
2,500 (1)
|
6
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Shared Voting Power
7,231,949 (2)
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7
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Sole Dispositive Power
2,500 (1)
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8
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Shared Dispositive Power
7,231,949 (2)
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9
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Aggregate Amount Beneficially Owned by Each Reporting Person
7,234,449 (1)(2)
|
10
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Check if the Aggregate Amount in Row (9) Excludes Certain Shares ☐
|
11
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Percent of Class Represented by Amount in Row 9
68.81% (3)
|
12
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Type of Reporting Person
IN
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|
|
|
|
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(1)
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Represents
2,500 ordinary shares directly held by Peter Zuguang Wang.
|
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(2)
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Represents
7,231,949 ordinary shares directly held by Cenntro Holding, which is directly and wholly owned by Cenntro Enterprise, which is directly
and wholly owned by Peter Zuguang Wang, the chairman of the board of directors of the Issuer.
|
|
(3)
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The
beneficial ownership percentage is calculated based on 10,513,327 ordinary shares of the Issuer issued and outstanding as of the date
of this filing.
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Explanatory Note
This
amendment No. 2 (the “Amendment”) to the 13D is filed to amend and supplement the statement on Schedule 13D, initially filed
with the Securities and Exchange Commission (the “SEC”) on November 4, 2019 (together with any amendments thereto filed with
the SEC, the “Schedule 13D”).
This
Schedule 13D (this “Schedule 13D”) is being filed on behalf of Cenntro Holding
Limited, a Hong Kong company (“Cenntro Holding”), Cenntro Enterprise Limited,
a Hong Kong company (“Cenntro Enterprise”) the sole director and shareholder of Cenntro
Holding, and Peter Zuguang Wang, the sole director and shareholder of Cenntro Enterprise (collectively, the “Cenntro
Holding Group” or “Reporting Persons”), relating to ordinary shares, no par value (“Ordinary Shares”) of
Greenland Technologies Holding Corporation, a British Virgin Islands company (the “Issuer”).
This
Amendment is being filed because the Ordinary Shares beneficially owned by the Reporting Persons has decreased by an amount in excess
of one percent of the total number of Ordinary Shares outstanding. Except as otherwise set forth in this Amendment, the information set
forth in the Schedule 13D remains unchanged and is incorporated herein by reference to the extent relevant to the items in this Amendment.
This Amendment should be read together with the Schedule 13D.
Item 1. Security and Issuer
Securities acquired:
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Ordinary Shares, no par value per share
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Issuer:
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Greenland Technologies Holding Limited
11-F, Building #12, Sunking Plaza, Gaojiao Road
Hangzhou, Zhejiang, China, 311122
|
Item 2. Identity and Background
(a)-(b)
This Schedule 13D is jointly filed by Cenntro Holding, Cenntro Enterprise, and Peter Zuguang Wang. Because Cenntro Enterprise is
the director and sole shareholder of Cenntro Holding, Peter Zuguang Wang is the director and sole shareholder of Cenntro Enterprise (with
Cenntro Holding, Cenntro Enterprise, and Peter Zuguang Wang hereinafter referred to as the “Controlling Persons”), the Controlling
Persons may be deemed, pursuant to Rule 13d-3 of the Act, to be the beneficial owners of all of the Ordinary Shares held by Cenntro Holding.
Each
of the persons identified in this Schedule 13D is sometimes referred to as a “Reporting Person” and, collectively, as the
“Reporting Persons.” Each of the Reporting Persons is a party to that certain Joint Filing Agreement attached hereto
as Exhibit 99.1.
The
principal place of business for each of the Reporting Persons is 11-F, Building #12, Sunking Plaza, Gaojiao Road, Hangzhou, Zhejiang,
China, 311122.
(c)
The principal occupation of Peter Zuguang Wang is the chairman of the Board of Directors of the Issuer, as well as serving as the director
and sole shareholder of Cenntro Enterprise. The principal business of Cenntro Enterprise is to be the director and the sole shareholder
of Cenntro Holding and make security investment in other companies. The principal business of Cenntro Holding is to be a shareholder of
the Issuer.
(d)
During the last five years, none of the Reporting Persons have been convicted in a criminal proceeding (excluding traffic violations or
similar misdemeanors).
(e)
During the last five years, none of the Reporting Persons have been a party to a civil proceeding of a judicial or administrative body
of competent jurisdiction and, as a result of such proceeding, were or are subject to a judgment, decree or final order enjoining future
violations of, or prohibiting or mandating activities subject to, federal or state securities laws or finding any violation with respect
to such laws.
(f)
Cenntro Holding and Cenntro Enterprise are organized under the laws of Hong Kong. Peter Zuguang Wang is a citizen of the United States.
Item 3. Source and Amount of Funds
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 the Issuer. Sinomachinary is a related party of
the Issuer as both entities are under common control by Peter Zuguang Wang, the Issuer’s controlling shareholder and chairman of
the board of directors. On October 2, 2020, Peter Zuguang Wang, through Cennto Holding Limited, transferred 193,051 Ordinary Shares
to Welkin.
On
April 13, 2021, the Reporting Persons, through Cenntro Holding Limited, sold 50,000 Ordinary Shares under Rule 144.
On
April 19, 2021, Peter Zuguang Wang acquired 2,500 Ordinary Shares from the Issuer as compensation for his services as a director.
On
April 21, 2021, the Reporting Persons, through Cenntro Holding Limited, sold 25,000 Ordinary Shares under Rule 144.
Item 4. Purpose of the Transaction
The purpose of the acquisition is for investment
only.
As of the date of this filing,
the Reporting Persons do not have any plans or proposals which relate to or would result in:
(a) the acquisition by any
person of additional securities of the Issuer;
(b) an extraordinary corporate
transaction, such as a merger, reorganization or liquidation, involving the Issuer or any of its subsidiaries;
(c) a sale or transfer of
a material amount of assets of the Issuer or of any of its subsidiaries;
(d) any change in the present
board of directors or management of the Issuer, including any plans or proposals to change the number of terms of directors or to fill
any existing vacancies on the board;
(e) any material change in
the present capitalization or dividend policy of the Issuer;
(f) any other material change
in the Issuer’s business or corporate structure;
(g) changes in the Issuer’s
charter, bylaws or instruments corresponding thereto or other actions which may impede the acquisition of control of the Issuer by any
other person;
(h) causing a class of securities
of the Issuer to be delisted from a national securities exchange or to cease to be authorized to be quoted in an inter-dealer quotation
system of a registered national securities association;
(i) a class of equity securities
of the Issuer becoming eligible for termination of registration pursuant to Section 12(g)(4) of the Act; or
(j) any similar action
to those enumerated above.
As
part of ongoing evaluation of their investment in the Issuer and investment alternatives, the Reporting Persons may consider such matters
in the future and, subject to applicable law or other restrictions, may formulate other purposes, plans or proposals regarding the Issuer
or Ordinary Shares that may be deemed to be beneficially owned by the Reporting Persons, or take any other actions that could involve
one or more of the types of transactions or have one or more of the results described in clauses (a) through (j) of Item 4 of Schedule
13D.
Item 5. Interest in Securities of the
Issuer
(a)-(b)
Cenntro Holding beneficially owns 7,231,949 Ordinary Shares, which represents 68.79% of the Issuer’s outstanding Ordinary Shares.
Cenntro
Enterprise, who is the director and sole shareholder of Cenntro Holding, may be deemed to beneficially own the Ordinary Shares held by
Cenntro Holding.
Peter
Zuguang Wang, who is the director and sole shareholder of Cenntro Enterprise, may be deemed to beneficially own the Ordinary Shares held
by Cenntro Holding. In addition, Peter Zuguang Wang directly owns 2,500 Ordinary Shares. Peter Zuguang Wang therefore beneficially owns
7,234,449 Ordinary shares, which represents 68.81% of the Issuer’s outstanding Ordinary Shares.
The
percentage of beneficial ownership of the Reporting Persons, as reported in this Schedule 13D, was calculated by dividing (i) the total
number of Ordinary Shares beneficially owned by each Reporting Person as set forth in this Schedule 13D by (ii) 10,513,327 Ordinary Shares
outstanding as of the date of this filing.
(c)
To the best knowledge of the Reporting Persons, except as disclosed in this Schedule 13D, none of the Reporting Persons has
effected any transactions relating to the Ordinary Shares during the past 60 days.
(d)
To the knowledge of the Reporting Persons, no person other than the Reporting Persons is known to have the right to receive, or the power
to direct the receipt of dividends from, or proceeds from the sale of the Ordinary Shares.
(e)
Not applicable.
Item 6. Contracts, Arrangements, Understandings
or Relationships with Respect the Securities of the Issuer
The
information set forth in Item 4 of this Schedule 13D is hereby incorporated by reference into this Item 6, as applicable.
Other
than the foregoing agreements and arrangements and the Joint Filing Agreement, there are no contracts, arrangements, understandings or
relationships among the persons named in Item 2 hereof and between such persons and any person with respect to any securities of the Issuer.
Item 7. Material to Be Filed as Exhibits
SIGNATURE
After reasonable inquiry and to the best of my
knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.
Dated: April 22, 2021
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Cenntro Holding Limited
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/s/ Peter Wang
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Name:
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Peter Wang
|
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Title:
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Director
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Cenntro Enterprise Limited
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/s/ Peter Wang
|
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Name:
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Peter Wang
|
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Title:
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Director
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/s/ Peter Wang
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Name:
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Peter Wang
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8