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Greenland Acquisition Corporation (GLAC) related to its combination with Zhongchai Holding. Pursuant to the terms of the Agreement, Greenland will acquire 100% of the issued and outstanding capital stock of Zhongchai Holding in exchange for the issuance of 7,500,000 Greenland shares to the Zhongchai Equity Holder. As a result of the Proposed Transaction, Greenland’s current public stockholders will own only approximately 33.6% of Greenland’s outstanding shares.