Form 8-K

8-K — Planet Green Holdings Corp.

Accession: 0001213900-26-069626

Filed: 2026-06-17

Period: 2026-06-15

CIK: 0001117057

SIC: 2030 (CANNED, FROZEN & PRESERVED FRUIT, VEG & FOOD SPECIALTIES)

Item: Completion of Acquisition or Disposition of Assets

Item: Financial Statements and Exhibits

Documents

8-K — ea0293990-8k_planet.htm (Primary)

EX-99.1 — UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION (ea029399001ex99-1.htm)

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0001117057

2026-06-15

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 205

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities

Exchange Act of 1934

Date of Report (Date of earliest event reported):

June 15, 2026

PLANET GREEN HOLDINGS CORP.

(Exact name of registrant as specified in its charter)

Nevada

001-34449

87-0430320

(State or other jurisdiction

of incorporation)

(Commission File Number)

(IRS Employer

Identification No.)

36-10 Union St. 2nd Floor

Flushing, NY

11354

(Address of principal executive offices)

(Zip Code)

Registrant’s telephone number, including

area code:(347) 370 2352

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box

below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following

provisions (see General Instruction A.2. below):

☐

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐

Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐

Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

☐

Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant

to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which

registered

Common Stock, par value $0.001 per share

PLAG

NYSE American

Indicate by check mark whether

the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule

12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company,

indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial

accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.01 Completion of Acquisition or Disposition of Assets.

On June 15, 2026, Planet Green Holdings Corp. (the “Company”) completed the disposition of its 100% equity interest

in Bless Chemical Co., Ltd. HK (“Bless HK”), the indirect owner of Jingshan Sanhe Luckysky New Energy Technologies Co., Ltd.

(“Jingshan”), to Hongzhang Liang for nominal consideration (the “Disposition”). Mr. Liang is not affiliated with

the Company and has no material relationship with the Company or any of its directors or executive officers.

The Board of Directors (the “Board”) of the Company determined that it was in the best interests of the Company and its stockholders

to discontinue the operations of Jingshan, an indirect wholly owned subsidiary of the Company and dispose of its equity interest in Bless

HK. In approving the Disposition, the Board considered various factors, including Jingshan’s financial condition, existing liabilities

and obligations, operating status, anticipated future funding requirements, and the Company’s strategic objective of focusing its

resources and management attention on its core consumer products and digital advertising businesses. The Board determined that the discontinuation

of Jingshan’s operations and the disposition of Bless HK would streamline the Company’s operations, reduce future funding

commitments and potential liabilities associated with Jingshan, and better align the Company’s business activities with its long-term

strategic objectives. Accordingly, the Board concluded that the Disposition was in the best interests of the Company and its stockholders.

Prior to the Disposition, Jingshan had ceased active operations and was not generating revenue.

Bless HK indirectly held 100%

of the equity interests in Jingshan through Hubei Bulaisi Technology Co., Ltd. and did not own any other operating assets of the Company.

As a result of the Disposition, the Company no longer owns or controls Bless HK or Jingshan, and the assets, liabilities, and results

of operations of Bless HK and Jingshan will no longer be consolidated in the Company’s consolidated financial statements from and

after the closing of the Disposition.

Item 9.01 Financial Statements and Exhibits.

(b) Pro Forma Financial Information.

The unaudited pro forma condensed

consolidated financial information of the Company giving effect to the disposition described in Item 2.01 of this Current Report on Form

8-K is filed as Exhibit 99.1 hereto and is incorporated herein by reference.

(d) Exhibits

Exhibit No.

Description

99.1

Unaudited Pro Forma Condensed Consolidated Financial Information.

104

Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURES

Pursuant to the requirements

of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto

duly authorized.

Dated: June 17, 2026

PLANET GREEN HOLDINGS CORP.

By:

/s/ Bin Zhou

Name:

Bin Zhou

Title:

Chief Executive Officer and Chairman

EX-99.1 — UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL INFORMATION

EX-99.1

Filename: ea029399001ex99-1.htm · Sequence: 2

Exhibit 99.1

UNAUDITED PRO FORMA CONDENSED CONSOLIDATED FINANCIAL

INFORMATION

Introduction

The following unaudited pro forma condensed consolidated balance sheet

as of March 31, 2026 and December 31, 2025, the unaudited pro forma condensed consolidated statements of operations for the three months

ended March 31, 2026 and for the year ended December 31, 2025 present the financial information of the Company after giving effect to

the Disposition and related adjustments.

The unaudited pro forma condensed

consolidated balance sheet presents the unaudited balance sheet of the Company as of March 31, 2026, giving effect to the Disposition

as if it had been completed on March 31, 2026.

The unaudited pro forma condensed consolidated

balance sheet presents the audited balance sheet of the Company as of December 31, 2025, giving effect to the Disposition as if it had

been completed on December 31, 2025.

The unaudited pro forma condensed

consolidated statements of operations for the three months ended March 31, 2026 presents the unaudited statement of operations of the

Company for three months ended March 31, 2026, giving effect to the Disposition as if it had occurred on January 1, 2026, the beginning

of the earliest period presented.

The unaudited pro forma condensed

consolidated statements of operations for the year ended December 31, 2025 presents the audited statement of operations of the Company

for the year ended December 31, 2025, giving effect to the Disposition as if it had occurred on January 1, 2025, the beginning of the

earliest period presented.

The unaudited pro forma condensed

consolidated financial information has been presented for illustrative purposes only and does not necessarily reflect what the company’s

financial condition or results of operations would have been had the Disposition occurred on the dates indicated.

Description of the Disposition

On June 15, 2026,

Planet Green Holdings Corp. (the “Company”) completed the disposition of its 100% equity interest in Bless Chemical Co.,

Ltd. HK (“Bless HK”) , the indirect owner of Jingshan Sanhe Luckysky New Energy Technologies Co., Ltd.

(“Jingshan”), to Hongzhang Liang for nominal consideration. Mr. Liang is not affiliated with the Company and has no

material relationship with the Company or any of its directors or executive officers.

Bless HK indirectly held 100%

of the equity interests in Jingshan through Hubei Bulaisi Technology Co., Ltd. (“Hubei Bulaisi”) and did not own any other

operating assets of the Company. As a result of the Disposition, the Company no longer owns or controls Bless HK or Jingshan, and the

assets, liabilities, and results of operations of Bless HK and Jingshan will no longer be consolidated in the Company’s consolidated

financial statements from and after the closing of the Disposition.

Unaudited Pro Forma Condensed Consolidated Balance

Sheet

As of March 31, 2026

Balance Sheet

as of March 31,

2026

Transaction

Accounting

Adjustments

Note

Pro forma

Balance Sheet

(Unaudited)

Assets

Current assets:

Cash

$ 5,470,815

$ (1,290 )

(1)

$ 5,468,075

(1,450 )

(2)

Accounts receivables, net

1,384,819

(46,620 )

(1)

1,338,199

Inventories, net

609,838

(139,921 )

(1)

469,917

Advance to suppliers, net

1,009,092

(962,564 )

(1)

46,528

Other receivables, net

2,716

Other receivables–related parties

3,081,792

(3,081,792 )

(1)

Prepaid expenses

24,841

(24,820 )

(1)

Total current assets

11,583,913

(4,258,457 )

7,325,456

Non-current assets

Plant and equipment, net

4,579,355

(1,876,194 )

(1)

2,703,161

Intangible assets, net

701,208

(7,978 )

(1)

693,230

Goodwill

15,329

Total non-current assets

5,295,892

(1,884,172 )

3,411,720

Total assets

$ 16,879,805

$ (6,142,629 )

$ 10,737,176

Liabilities and Stockholders’ Equity

Current liabilities

Loans-current

$ 3,618,850

$ (3,616,990 )

(1)

$ 1,860

Accounts payable

6,633,495

(648,339 )

(1)

5,985,156

Advance from customers

212,899

(61,355 )

(1)

151,544

Taxes payable

884,752

Other payables and accrued liabilities

1,951,020

(153,709 )

(1)

1,797,311

Other payables–related parties

3,180,701

290,478

(1)

3,471,179

Total current liabilities

16,481,717

(4,189,915 )

12,291,802

Loans-noncurrent

2,045,520

(2,045,520 )

(1)

Total liabilities

18,527,237

(6,235,435 )

12,291,802

Commitments and contingencies

Stockholders’ equity (deficit)

Preferred stock: $0.001 par value, 100,000,000 shares authorized; none issued or outstanding as of March 31, 2026

Common stock: $0.001 par value, 1,500,000,000 shares authorized; 14,232,714 shares issued and outstanding as of March 31, 2026

14,233

Additional paid in capital

170,190,324

Accumulated deficit

(174,717,437 )

42,830

(1)

(174,674,607 )

(1,475 )

(2)

(1,475 )

Accumulated other comprehensive income

2,680,006

51,426

(1)

2,731,457

(2)

Non-controlling interests

185,442

Total stockholders’ deficit

(1,647,432 )

92,806

(1,554,626 )

Total liabilities and stockholders’ equity (deficit)

$ 16,879,805

$ (6,142,629 )

$ 10,737,176

(1) Reflects the disposal of Jingshan;

(2) Reflects the disposal of Hubei Bulaisi.

Unaudited Pro Forma Condensed Consolidated Balance

Sheet

As of

December 31, 2025

Balance Sheet

as of December 31,

2025

Transaction

Accounting

Adjustments

Note

Pro forma

Balance Sheet

Assets

Current assets:

Cash

$ 118,956

$ (101,775 )

(1)

$ 15,751

(1,430 )

(2)

Accounts receivables, net

209,206

(74,876 )

(1)

134,330

Inventories, net

737,970

(138,706 )

(1)

599,264

Advance to suppliers, net

984,566

(946,947 )

(1)

37,619

Other receivables, net

1,610

(572 )

(1)

1,038

Other receivables–related parties

2,736,302

(2,729,917 )

(1)

6,385

Prepaid expenses

20,071

(20,050 )

(1)

Total current assets

4,808,681

(4,014,273 )

794,408

Non-current assets

Plant and equipment, net

4,652,972

(1,933,555 )

(1)

2,719,417

Intangible assets, net

717,311

(8,068 )

(1)

709,243

Construction in progress, net

23,909

Goodwill

7,005

Total non-current assets

5,401,197

(1,941,623 )

3,459,574

Total assets

$ 10,209,878

$ (5,955,896 )

$ 4,253,982

Liabilities and Stockholders’ Equity

Current liabilities

Loans-current

$ 5,255,536

$ (5,183,252 )

(1)

$ 72,284

Accounts payable

2,114,143

(592,016 )

(1)

1,522,127

Advance from customers

213,127

(62,200 )

(1)

150,927

Taxes payable

232,066

(96,155 )

(1)

135,911

Other payables and accrued liabilities

2,140,130

(325,552 )

(1)

1,814,578

Other payables–related parties

1,924,426

1,024,398

(1)

2,948,824

Total current liabilities

11,879,428

(5,234,777 )

6,644,651

Loans-noncurrent

500,493

(428,994 )

(1)

71,499

Total liabilities

12,379,921

(5,663,771 )

6,716,150

Commitments and contingencies

Stockholders’ equity (deficit)

Preferred stock: $0.001 par value, 100,000,000 shares authorized; none issued or outstanding as of December 31, 2025

Common stock: $0.001 par value, 1,500,000,000 shares authorized; 14,232,714 shares issued and outstanding as of December 31, 2025

14,233

Additional paid in capital

170,190,324

Accumulated deficit

(175,029,363 )

(417,719 )

(1)

(175,447,082 )

(1,506 )

(2)

(1,506 )

Accumulated other comprehensive income

2,658,143

127,024

(1)

2,785,243

(2)

Non-controlling interests

(3,380 )

Total stockholders’ deficit

(2,170,043 )

(292,125 )

(2,462,168 )

Total liabilities and stockholders’ equity (deficit)

$ 10,209,878

$ (5,955,896 )

$ 4,253,982

(1) Reflects the disposal of Jingshan;

(2) Reflects the disposal of Hubei Bulaisi.

Unaudited Pro Forma Condensed Consolidated Statement

of Operations

For The Three Months Ended March 31, 2026

For

the

Three Months

Ended

March 31,

2026

Transaction

Accounting

Adjustments

Note

Pro forma

Income

statement

(Unaudited)

Revenue, net

$ 6,357,593

$ (57,217 )

(i)

$ 6,300,376

Cost of revenue

(442,371 )

56,796

(i)

(385,575 )

Promotion cost

(4,385,290 )

Gross profit

1,529,932

(421 )

1,529,511

Operating expenses

Selling and marketing

12,131

(3,414 )

(i)

8,717

General and administrative

951,095

(321,301 )

(i)

629,794

Research and development

12,382

(12,264 )

(i)

118

Total operating expenses

975,608

(336,979 )

638,629

Operating income

554,324

336,558

890,882

Other income (expenses)

Interest income

(4 )

(i)

Interest expense

(49,144 )

48,711

(i)

(433 )

Other expenses

(2,358 )

2,357

(i)

(1 )

Total other expenses

(51,469 )

51,064

(405 )

Income before income taxes

502,855

387,622

890,477

Income tax expenses

Net income from continuing operations

502,855

$ 387,622

$ 890,477

Discontinued operations:

Loss from discontinued operations

(344,792 )

(i)

(346,267 )

(1,475 )

(ii)

Net income

502,855

41,355

544,210

Less: net income attributable to non-controlling interest

190,929

Net income attributable to shareholders of Planet Green Holdings Corp.

311,926

41,355

353,281

Income (loss) per share of common stock - basic and diluted

Continuing operations

$ 0.04

$ 0.06

Discontinued operations

$ -

$ (0.02 )

Basic and diluted weighted average shares outstanding

14,232,714

(i) Reflects the disposal of Jingshan;

(ii) Reflects the disposal of Hubei Bulaisi.

Unaudited Pro Forma Condensed Consolidated Statement

of Operations

For The Year Ended December 31, 2025

For the

Year Ended

December 31,

2025

Transaction

Accounting

Adjustments

Note

Pro forma Income statement

Revenue, net

$ 3,040,616

$ (2,790,407 )

(i)

$ 250,209

Cost of revenue

(2,939,679 )

2,742,658

(i)

(197,021 )

Gross profit

100,937

(47,749 )

53,188

Operating expenses

Selling and marketing

32,302

(14,909 )

(i)

17,393

General and administrative

17,641,990

(1,500,116 )

(i)

16,141,874

Research and development

70,222

(70,222 )

(i)

Total operating expenses

17,744,514

(1,585,247 )

16,159,267

Operating loss

(17,643,577 )

1,537,498

(16,106,079 )

Other income (expenses)

Interest income

139

(136 )

(i)

(1 )

(ii)

Interest expense

(155,538 )

145,090

(i)

(10,448 )

Other income

32,883

(32,883 )

Other expenses

(14,104 )

8,051

(i)

(6,053 )

Total other expenses

(136,620 )

120,121

(16,499 )

Loss before income taxes

(17,780,197 )

1,657,619

(16,122,578 )

Income tax expenses

(11,299 )

Net loss from continuing operations

(17,791,496 )

1,657,619

(16,133,877 )

Discontinued operations:

Loss from discontinued operations

(9,184,214 )

(2,075,339 )

(i)

(11,261,058 )

(1,505 )

(ii)

Net loss

$ (26,975,710 )

$ (419,225 )

$ (27,394,935 )

Loss per share of common stock - basic and diluted

Continuing operations

$ (2.21 )

$ (2.00 )

Discontinued operations

$ (1.14 )

$ (1.40 )

Basic and diluted weighted average shares outstanding

8,061,755

(i) Reflects the disposal of Jingshan;

(ii) Reflects the disposal of Hubei Bulaisi.

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Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14d

-Subsection 2b

+ Details

Name:

dei_PreCommencementTenderOffer

Namespace Prefix:

dei_

Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Title of a 12(b) registered security.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection b

+ Details

Name:

dei_Security12bTitle

Namespace Prefix:

dei_

Data Type:

dei:securityTitleItemType

Balance Type:

Period Type:

duration

- Definition

Name of the Exchange on which a security is registered.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 12

-Subsection d1-1

+ Details

Name:

dei_SecurityExchangeName

Namespace Prefix:

dei_

Data Type:

dei:edgarExchangeCodeItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Exchange Act

-Number 240

-Section 14a

-Subsection 12

+ Details

Name:

dei_SolicitingMaterial

Namespace Prefix:

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Data Type:

xbrli:booleanItemType

Balance Type:

Period Type:

duration

- Definition

Trading symbol of an instrument as listed on an exchange.

+ References

No definition available.

+ Details

Name:

dei_TradingSymbol

Namespace Prefix:

dei_

Data Type:

dei:tradingSymbolItemType

Balance Type:

Period Type:

duration

- Definition

Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef

-Publisher SEC

-Name Securities Act

-Number 230

-Section 425

+ Details

Name:

dei_WrittenCommunications

Namespace Prefix:

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Data Type:

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Balance Type:

Period Type:

duration