SEC Form 3 · accession 0001657784-16-000001

Planet Green Holdings Corp. · PLAG

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Table I — non-derivative securities

Table II — derivative securities

Remarks

EXHIBIT A to Form 3 Explanation of Responses The Reporting Person DEG- Deutsche Investitions- und Entwicklungsgesellschaft mbH is the lender under that certain full recourse Loan Agreement, dated May 31, 2010, (the "Loan Agreement"), by and among the Reporting Person, the Issuer, its subsidiary Junan Hongrun Foodstuff Co., Ltd. ("Junan Hongrun" and together with the Issuer, the "Borrower") and the Issuer's chief executive officer, Mr. Si Chen, pursuant to which the Reporting Person made a loan (the "Loan") of approximately $15 million to the Borrower. Mr. Chen initially pledged 5,313,574 shares of Common Stock for the benefit of the Reporting Person in order to secure the obligations of the Borrower under the Loan Agreement pursuant to that certain Share Pledge Agreement dated as of October 19, 2010 (the "Pledge Agreement"). Pursuant to a letter agreement, dated November 15, 2012, Mr. Chen subsequently pledged an additional 5,480,492 shares of Common Stock to the Reporting Person under the Pledge Agreement. By written notice dated September 7, 2016, the Reporting Person notified the Agent under the Pledge Agreement that the Borrower was in default under the Loan Agreement and that the Reporting Person was exercising its right under the Pledge Agreement to have the pledged shares registered in its name. Under the Pledge Agreement, the Reporting Person has the right to sell the shares and apply the proceeds to the repayment of the Loan. The Reporting Person is joined by its parent entity (Kreditanstalt fur Wiederaufbau) as an additional beneficial owner in filing its own Form 3.