 SHANGHAI, July 26, 2021 PRNewswire -- Greencity Acquisition Corporation the Company or Greencity NASDAQ: GRCY the Company today announced that the Companys sponsor, Cynthia Management Corporation the Sponsor, has deposited into the Companys trust account the Trust Account an aggregate of 133,334, representing 0.033 per public share of the Company, in order to extend the period of time the Company has to consummate a business combination by one month to August 28, 2021. The Sponsor plans to extend such period of time additional eight times to complete its initial business combination as necessary, each by an additional one months, up to April 28, 2022, by depositing an aggregate of an additional 1,066,666 into the Trust Account, representing an additional 0.267 per public share, in connection with such additional extensions. 