Greenland Technologies Operations Unaffected by Francis Scott Key Bridge Collapse in Baltimore, MD; Company Reaffirms April 2024 Sales Delivery Plan

Core Viewpoint - Greenland Technologies Holding Corporation expresses condolences regarding the Francis Scott Key Bridge collapse and reassures that its operations are currently unaffected while monitoring supply chain impacts due to port closures [1]. Group 1: Company Operations - Greenland is a developer and manufacturer of electric industrial vehicles and drivetrain systems for material handling machinery [2]. - The company plans to deliver its HEVI GEL-5000 all-electric front loader to Maryland's Port of Baltimore in April 2024, as part of a contract won in 2023 to support the port's electrification efforts [1]. Group 2: Supply Chain Management - The company is prepared to explore contingency options, such as utilizing alternative ports, to minimize supply chain disruptions and maintain commitments to customers [1].