Company: CENN
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001140361-25-011607
Chunk: 55

Company: Cenntro Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 12
Chunk 55
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              25.1

              %

    *

              Represents beneficial ownership of less than 1%.

    1)

              Unless otherwise indicated, the address for each beneficial owner listed in the table above is c/o Cenntro Inc., 501 Okerson Road, Freehold, New Jersey 07728.

    2)

              Consists of (i) 6,539,994 Acquisition Shares held of record by Cenntro Enterprise Limited, (ii) 614,441 Acquisition Shares held of record by Trendway Capital Limited, each of which is wholly owned by Mr.
                Peter Wang, and (iii) 240,625 shares of Common Stock that Mr. Wang has the right to acquire from us within 60 days of March 20, 2025, pursuant to the exercise of stock options granted under the 2023 Plan. Mr. Wang has voting and dispositive
                power over the securities held by each entity and as a result may be deemed to beneficially own the securities of such entities. Each of Cenntro Enterprise Limited and Trendway Capital Limited received such Acquisition Shares presented
                above following the closing of the Combination, pursuant to the Distribution.

    3)

              Consists of 35,219 shares of Common Stock that Mr. Ye has the right to acquire from us within 60 days of March 20, 2025, pursuant to the exercise of stock options granted under the 2023 Plan.

    4)

              Consists of 161,017 shares of Common Stock that Mr. Zhong has the right to acquire from us within 60 days of March 20, 2025, pursuant to the exercise of stock options under the 2023 Plan.

    5)

              Consists of 10,000 shares of Common Stock that Mr. Tong has the right to acquire from us within 60 days of March 20, 2025, pursuant to the exercise of stock options granted under the 2023 Plan

    6)

              Consists of 99,772 shares of Common Stock that Mr. He has the right to acquire from us within 60 days of March 20, 2025, pursuant to the exercise of stock options granted under 2023 Plan.

    7)

              Consists of 29,780 shares of Common Stock beneficially owned by Mr. Ge, and 10,000 shares of Common Stock that Mr. Ge has the right to acquire from us within 60 days of