SEC Comment Letter 0000000000-24-012492 to Planet Green Holdings Corp. (PLAG)
Planet Green Holdings Corp.
Date: Nov. 8, 2024 · CIK: 0001117057 · Accession: 0000000000-24-012492
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-34449
Letter
November 8, 2024 Lili Hu Chief Financial Officer Planet Green Holdings Corp. 130-30 31st Ave., Suite 512 Flushing, NY 11354 Re:Planet Green Holdings Corp. Form 10-K for the Fiscal Year Ended December 31, 2023 Filed April 1, 2024 File No. 001-34449 Dear Lili Hu: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the Fiscal Year Ended December 31, 2023 Item 1. Business, page 2 We note that the consolidated VIE constitutes a material part of your consolidated financial statements. As we previously requested and you previously provided, please present, in tabular form, condensed consolidating schedules that disaggregate operations and depict financial position, cash flows, and results of operations as of the same dates and for the same periods that audited consolidated financial statements are required. The schedules should present major line items, such as revenue and cost of goods/services, and subtotals and disaggregated intercompany amounts, such as separate line items for intercompany receivables and investment in subsidiary. The schedules should also disaggregate the parent company, the VIE, the WFOE that is the primary beneficiary of the VIE, and an aggregation of other entities that are consolidated. The objective of this disclosure is to allow an investor to evaluate the nature and amounts of assets held by, and the operations of, entities apart from the VIE, as well as the nature and amounts associated with intercompany 1.
November 8, 2024 Page 2 transactions. Any intercompany amounts should be presented on a gross basis and, when necessary, additional disclosure about such amounts should be included in order to make the information presented not misleading. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Dale Welcome at 202-551-3865 or Anne McConnell at 202-551-3709 with any questions. Sincerely, Division of Corporation Finance Office of Manufacturing
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November 8, 2024
Lili Hu
Chief Financial Officer
Planet Green Holdings Corp.
130-30 31st Ave., Suite 512
Flushing, NY 11354
Re:Planet Green Holdings Corp.
Form 10-K for the Fiscal Year Ended December 31, 2023
Filed April 1, 2024
File No. 001-34449
Dear Lili Hu:
We have limited our review of your filing to the financial statements and related
disclosures and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 31, 2023
Item 1. Business, page 2
We note that the consolidated VIE constitutes a material part of your consolidated
financial statements. As we previously requested and you previously provided, please
present, in tabular form, condensed consolidating schedules that
disaggregate operations and depict financial position, cash flows, and results of
operations as of the same dates and for the same periods that audited consolidated
financial statements are required. The schedules should present major line items, such
as revenue and cost of goods/services, and subtotals and disaggregated intercompany
amounts, such as separate line items for intercompany receivables and investment in
subsidiary. The schedules should also disaggregate the parent company, the VIE, the
WFOE that is the primary beneficiary of the VIE, and an aggregation of other entities
that are consolidated. The objective of this disclosure is to allow an investor to
evaluate the nature and amounts of assets held by, and the operations of, entities apart
from the VIE, as well as the nature and amounts associated with intercompany 1.
November 8, 2024
Page 2
transactions. Any intercompany amounts should be presented on a gross basis and,
when necessary, additional disclosure about such amounts should be included in order
to make the information presented not misleading.
In closing, we remind you that the company and its management are responsible for
the accuracy and adequacy of their disclosures, notwithstanding any review, comments,
action or absence of action by the staff.
Please contact Dale Welcome at 202-551-3865 or Anne McConnell at 202-551-3709
with any questions.
Sincerely,
Division of Corporation Finance
Office of Manufacturing