Company: CENN
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001140361-25-030576
Chunk: 28

Company: Cenntro Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 28
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 court Landgericht Bochum against Delivrium s.r.o., a company in Louny, Czech Republic (“Delivrium”) for a claim arising from a purchase contract by and between Delivrium and CAE for a dispute of € 956,760 under which CAE is requesting payment and acceptance of vehicles previously ordered by Delivrium.

      On April 14, 2025, KW Infrastruktur GmbH filed a lawsuit against Cenntro Automotive Europe GmbH (“CAE”) at the District Court of Bochum, requesting repayment of the purchase price of EUR 158,277.99 plus 9% interest over the base interest rate, against the return of six electric commercial vehicles delivered by CAE on December 23, 2022. As of the date of this report, CAE is preparing documents and arguments to defend.

NOTE 19 - RELATED PARTY TRANSACTIONS AND BALANCES

    The table below sets forth the major related parties and their relationships with the Company:

       Name of related parties:     Relationship with the Company     Zhejiang RAP     An entity significantly influenced by Hangzhou Ronda Tech Co., Limited, the Company’s subsidiary     Hangzhou Hezhe     An entity significantly influenced by Hangzhou Ronda Tech Co., Limited, the Company’s subsidiary as of June 30, 2024. Since May 8, 2024, Hangzhou Hezhe became a subsidiary of the Company.     Billy Rafael Romero Del Rosario     A shareholder who owns 1% equity interest of Cenntro Electric CICS, SRL and is the CEO of Cenntro Electric CICS, SRL as of December 31, 2024. Since April 1, 2025,  Billy Rafael Romero Del Rosario was not a related party of the Company with the disposal of Cenntro Electric CICS, SRL.     Zhongchai Holding (Hongkong) Limited(“Zhongchai”)     An entity ultimately controlled by Peter Z. Wang, the CEO of the Company     Hangzhou Greenland Energy Technologies Co., Ltd.(“Greenland”)     An entity ultimately controlled by Peter Z. Wang, the CEO of the Company   

      24

          CENNTRO INC.
          NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

NOTE 19 - RELATED PARTY TRANSACTIONS AND BALANCES (CONTIN