Company: CENN
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001140361-25-011607
Chunk: 38

Company: Cenntro Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 10
Chunk 38
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, the Company believes that one or more Form 3
            and 4 filings required under Section 16(a) were not timely filed during the fiscal year ended December 31, 2024. The Company is in the process of gathering information regarding the specific transactions and dates involved and intends to file
            the necessary reports once the details have been confirmed.

Code of Ethics

The Company adopted a Code of Ethics applicable to its directors, officers, and employees. This includes our principal executive officer, principal financial officer, and principal accounting
        officer or controller, or persons performing similar functions. The full text of our Code of Ethics is posted on our website at https://ir.cenntroauto.com/static-files/fd697ea5-17b6-4536-bfe2-5539e84305f3 .

Compensation Recovery Policy

Under the Sarbanes-Oxley Act, in the event of misconduct that results in a financial restatement that would have reduced a previously paid incentive amount, we can recoup those
        improper payments from our executive officers. The SEC also recently adopted rules which direct national stock exchanges to require listed companies to implement policies intended to recoup bonuses paid to executives if the company is found to have
        misstated its financial results.

Our Board s approved the adoption of the Executive Compensation Recovery Policy (the “Recovery Policy”) in order to comply with the clawback rules adopted by the SEC under the
        rule, and the listing standards, as set forth in the Nasdaq Listing Rule 5608 (the “Recovery Rules”).

The Recovery Policy provides for the mandatory recovery of erroneously awarded incentive-based compensation from our current and former
        executive officers as defined in Rule 10D-1 under the Exchange Act (“Covered Officers”) in the event that we are required to prepare an accounting restatement, in accordance with the Recovery Rules. The recovery of such compensation applies
        regardless of whether a Covered Officer engaged in misconduct or otherwise caused or contributed to the requirement of an accounting restatement. Under the Recovery Policy, our Board may recoup from the Covered Officers erroneously awarded
        incentive compensation received within a lookback period of the three completed fiscal years preceding the date on which we are required to prepare an accounting restatement.