Item 1.02 Termination of a Material Definitive Agreement

On December 30, 2019, Green Power Environment Technology (Shanghai) Co., Ltd. And Wuxi Huayang Dye Machinery Co. Ltd. Entered into a VIE Termination Agreement relating to the termination of the Consulting Services Agreement, Operating Agreement, Equity Pledge Agreement, Option Agreement, Voting Rights Proxy Agreement dated October 12, 2007. The foregoing description of the VIE Termination Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Agreement, which is incorporated herein by reference and attached hereto as exhibit 10.1.

On December 30, 2019, Green Power Environment Technology (Shanghai) Co., Ltd. And Wuxi Huayang Heavy Machinery Co. Ltd. Entered into a VIE Termination Agreement relating to the termination of the Consulting Services Agreement, Operating Agreement, Equity Pledge Agreement, Option Agreement, Voting Rights Proxy Agreement dated October 12, 2007. The foregoing description of the VIE Termination Agreement does not purport to be complete and is qualified in its entirety by reference to the complete text of the Agreement, which is incorporated herein by reference and attached hereto as exhibit 10.2.

Item 9.01. Financial Statements and Exhibits.





 (d) Exhibits




Exhibit No.   Description

10.1            VIE Termination Agreement dated December 30, 2019 by and between Green
              Power Environment Technology (Shanghai) Co., Ltd. And Wuxi Huayang Dye
              Machinery Co. Ltd

10.2            VIE Termination Agreement dated December 30, 2019 by and between Green
              Power Environment Technology (Shanghai) Co., Ltd. And Wuxi Huayang Heavy
              Machinery Co. Ltd




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