Greenland Technologies (Zhongchai) (Greenland Acquisition) ^{Priced, Nasdaq: GTEC}

We will seek to capitalize on the comprehensive industry experience and network of our executive officers in consummating an initial business combination in sectors that we believe have strategic significance to the Chinese economy, including but not limited to the new technology-enabled service sector ("TES") in China, a key growth sector within China’s shifting economy. We intend to focus on target companies with the following characteristics: mid-market companies with a market value between $150 million and $250 million and high growth potential; companies that have strategic significance to the Chinese economy; companies that we believe can leverage favorable demographic, political, and economic trends; companies operating in a competitive landscape without a dominant State-Owned-Enterprise presence in China; companies with strategic financial backers; companies that intend to expand their businesses overseas; and companies with a management team that has a history of strong corporate governance and ambition to pursue a disciplined growth.