Greenland Technologies (GTEC) Registration filing summary

Company overview and business model

• Designs, develops, manufactures, and sells transmission products for forklift trucks and electric industrial vehicles, serving over 100 forklift manufacturers in China and globally.

• Operates through subsidiaries in the U.S., PRC, and Hong Kong, with the majority of operations in China.

• HEVI Corp., the U.S. subsidiary, focuses on electric industrial vehicles but has suspended operations since 2025 due to tariff policy uncertainty.

• Corporate structure includes a British Virgin Islands holding company with no material operations of its own.

Financial performance and metrics

• Sold 166,317 sets of transmission products in 2025 and 149,597 in 2024.

• As of March 25, 2026, public float is approximately $43.05 million, with one-third ($14.35 million) available for primary offerings under Form S-3 rules.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, capital optimization, acquisitions, and other business purposes.

• Proceeds may be temporarily invested in interest-bearing securities or money market instruments.