UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549



FORM 10-K/A

(Amendment No.1)



☒ANNUAL REPORT PURSUANT TO SECTION
13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



FOR THE FISCAL YEAR ENDED DECEMBER 31, 2019



☐ TRANSITION REPORT PURSUANT TO
SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934



FOR THE TRANSITION PERIOD FROM ______ TO ______



COMMISSION FILE NUMBER 000-26731



GREENLAND TECHNOLOGIES HOLDING CORPORATION

(Exact name of Registrant as specified in its
charter)



|British Virgin Islands                                         |  | 001-38605                           
|-------------------------------------------------------------- |  | ------------------------------------
|(State or other jurisdiction of
incorporation or organization) |  | (I.R.S. Employer
Identification No.)



|11-F, Building #12, Sunking Plaza, Gaojiao
        Road
        Hangzhou, Zhejiang
        People’s Republic of China |  | 311122    
|--------------------------------------------------------------------------------------------------------------------- |  | ----------
|(Address of principal executive offices)                                                                              |  | (Zip Code)



REGISTRANT’S TELEPHONE NUMBER, INCLUDING
AREA CODE: (86) 010-53607082



SECURITIES REGISTERED PURSUANT TO SECTION 12(b)
OF THE ACT:



|Title of each class           |  | Trading Symbol(s) |  | Name of each exchange on
which registered
|----------------------------- |  | ----------------- |  | -----------------------------------------
|Ordinary shares, no par value |  | GTEC              |  | The NASDAQ Stock Market LLC              



SECURITIES REGISTERED PURSUANT TO SECTION 12(g)
OF THE ACT:

NONE

(Title of Class)



Indicate by check mark if the registrant is
a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒



Indicate by check mark if the registrant is
not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒



Indicate by check mark whether the registrant
(1) has filed all reports required to be filed be Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding
12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes ☒ No ☐



Indicate by check mark whether the registrant
has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section
232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit
and post such files). Yes ☒ No ☐



Indicate by check mark whether the registrant
is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting Company, or an emerging growth Company.
See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting Company,”
and “emerging growth Company” in Rule 12b-2 of the Exchange Act.



| | Large accelerated filer | ☐                       | Accelerated filer         | ☐
| | ----------------------- | ----------------------- | ------------------------- | -
| | Non-accelerated filer   | ☒                       | Smaller reporting Company | ☒
| |                         | 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. ☐



Indicate by check mark whether the registrant
has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial
reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared
or issued its audit report. 	☐



Indicate by check mark whether the registrant
is a shell Company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒



As of June 28, 2019, the last business day
of the registrant’s most recently completed second fiscal quarter, the aggregate market value of the ordinary shares outstanding
held by non-affiliates of the registrant, computed by reference to the closing sales price for the ordinary shares of $3.9, as
reported on the Nasdaq Capital Market, was approximately $39.08 million.



As of May 8, 2020, there were 10,021,142 shares
of the registrant’s ordinary shares outstanding.









EXPLANATORY NOTE

Greenland Technologies Holding Corporation
(the “Company”) is filing this amendment (the “Amendment”) to its Annual Report on Form 10-K
filed on April 3, 2020 (the “Original Form 10-K”) solely to disclose that the Company had filed the Original
Form 10-K after the March 30, 2020 deadline applicable to the Company for the filing of a Form 10-K in reliance on the 45-day extension
provided by an order issued by the Securities and Exchange Commission (the “SEC”) pursuant to Section 36 of
the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (Release Nos. 34-88318 dated March 4, 2020
and Release Nos. 34-88465 dated March 25, 2020) (the “Order”).

On March 30, 2020, the Company filed
a Current Report on Form 8-K to indicate its intention to rely on the Order for such extension. Consistent with the Company’s
statements made in the Form 8-K, the Company was unable to file the Original Form 10-K prior to the prescribed March 30, 2020 filing
date because the Company’s operations and business have experienced significant disruptions due to the new coronavirus ("COVID-19")
pandemic. The transportation restriction enforced in Zhejiang Province, where the Company’s headquarters and business operations
located, had caused difficulties for a third-party appraiser engaged by the Company to complete the asset evaluation report of
Zhongchai Holding (Hong Kong) Limited, a wholly owned subsidiary of the Company. Such evaluation report was necessary for the Company’s
auditor to complete its annual audit of the Company. Further, from late January 2020 until recently, the Company’s employees
were asked to work remotely. As a result, the Company’s books and records were not easily accessible, resulting in delay
in preparation and completion of its financial statements. The Company relied on the Order because it could not cope with the aforementioned
challenges in finalizing the Original Form 10-K by the prescribed filing date without incurring unreasonable effort or expenses.

As required by Rule 12b-15 under the
Exchange Act, the Company is including in this Amendment certifications from its Principal Executive Officer and Principal Financial
Officer as required by Rule 13a-14(a) or Rule 15d-14(a) of the Exchange Act as exhibits to this Amendment. Because no financial
statements have been included in this Amendment and this Amendment does not contain or amend any disclosure with respect to Items
307 and 308 of Regulation S-K, paragraphs 3, 4 and 5 of the certifications have been omitted. We are not including the certifications
under Section 906 of the Sarbanes-Oxley Act of 2002 as no financial statements are being filed with this Amendment.

Except as described above, this Amendment
does not modify or update disclosures in, or exhibits to, the Original Form 10-K. Furthermore, this Amendment does not change any
previously reported financial results, nor does it reflect events occurring after the filing of the Original Form 10-K. Accordingly,
this Amendment should be read in conjunction with the Original Form 10-K and the Company’s filings with the SEC subsequent
to the filing of the Original Form 10-K.









EXHIBIT INDEX

|Exhibit |  | Exhibit Description                                                                                                                                                                                            
|------- |  | ---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------
|31.1    |  | Certification pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Principal Executive Officer
|31.2    |  | Certification pursuant to Rule 13a-14(a) or 15d-14(a) under the Securities Exchange Act of 1934, as amended, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002 – Principal Financial Officer











SIGNATURES



Pursuant to the requirements of Section 13
or 15(d) of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by the undersigned,
thereunto duly authorized, on May 8, 2020.



| | GREENLAND TECHNOLOGIES HOLDING CORPORATION
| | ------------------------------------------
| |                                           
| | By:                                       
| | Name:                                     
| | Title:                                    



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