EAST WINDSOR, N.J., Jan. 29, 2026 — Greenland Technologies Holding Corporation (Nasdaq: GTEC) (“Greenland” or the “Company”), which is a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles, announced today the completion of its previously announced underwritten public offering of 5,083,330 units (the “Units”) at a public offering price of $1.20 per Unit. Each Unit is composed of one ordinary share of the Company (each, an “ordinary share” and collectively, the “ordinary shares”) and four – fifths of one warrant (each, a “warrant” and collectively, the “warrants”), where each whole warrant can be exercised to obtain one ordinary share.

The Units were not issued as certificated or stand – alone securities. The ordinary shares and warrants included in the Units could be immediately separated and were issued separately in the offering. The warrants can be exercised right after issuance, have an exercise price of $1.20 per share, or can be exercised at zero price, and will expire three years from the issuance date. There is no established trading market for the Units or the warrants, and the Company has no intention to list the Units or the warrants on any securities exchange or other trading market. The ordinary shares are listed on The Nasdaq Capital Market under the symbol “GTEC.”

The total proceeds from the offering were approximately $6.1 million before subtracting the underwriting discounts and other offering expenses that the Company has to pay. The Company plans to use the net proceeds from the offering for working capital and general corporate purposes.

The offering was carried out on a firm commitment basis. Joseph Stone Capital, LLC served as the sole underwriter for the offering. Hunter Taubman Fischer & Li LLC acted as the U.S. securities counsel for the Company, and Sichenzia Ross Ference Carmel LLP acted as the U.S. securities counsel for Joseph Stone Capital, LLC in relation to the offering.

The offering was made in accordance with a registration statement on Form S – 1, as amended (File No. 333 – 292412) (the “Registration Statement”), which was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on January 26, 2026. The offering was made only through a prospectus that is part of the effective registration statement. A final prospectus related to the offering has been filed with the SEC and is available on the SEC’s website at . Electronic copies of the final prospectus can be obtained from Joseph Stone Capital, LLC, by sending a standard mail to Joseph Stone Capital, LLC, 585 Stewart Ave, Suite L60 – C, Garden City, NY 11530, via email at , or by calling at +1 (888) 302 – 5548.

This press release does not constitute an offer to sell or a solicitation of an offer to buy the securities described here, and there will be no sale of these securities in any state or jurisdiction where such an offer, solicitation, or sale would be illegal before registration or qualification under the securities laws of that state or jurisdiction.

About Greenland Technologies Holding Corporation

Greenland Technologies Holding Corporation (Nasdaq: GTEC) is a technology developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machineries and vehicles. For more information, please visit the Company’s website at .

Forward – Looking Statements

This press release contains forward – looking statements as defined by the Private Securities Litigation Reform Act of 1995. All statements other than those of historical facts are forward – looking statements, including statements about the expected use of proceeds from the offering. These forward – looking statements involve both known and unknown risks and uncertainties and are based on the Company’s current expectations and projections regarding future events and financial trends that it believes may impact its financial condition, operating results, business strategy, and financial needs. Investors can recognize these forward – looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “potential,” “continue” or other similar expressions. The Company is not obligated to update forward – looking statements to reflect subsequent events or circumstances, or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward – looking statements are reasonable, it cannot guarantee that these expectations will be correct, and the Company warns investors that actual results may differ significantly from the anticipated results and encourages investors to review other factors that may affect its future results in the Registration Statement, the Company’s quarterly report on Form 10 – Q, filed with the SEC on November 7, 2025, and other filings with the SEC.

SOURCE Greenland Technologies Holding Corporation