Company: CENN
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001140361-25-041657
Chunk: 84

Company: Cenntro Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 84
---
 (approximately $17,603) was repaid as of September 30, 2025. On January 23, 2025, the Company entered an agreement with Meiya Xu to borrow RMB400,000 (approximately $56,188), with the interest rate of 3.45% and due on January 23, 2026. On June 20, 2025, the Company entered an agreement with Commas International Holding, LLC to borrow $250,000, with the interest rate of 5.00% and due on June 20, 2026. On August 4, 2025, the Company entered an agreement with Barclays West Corporation to borrow $290,000, with the interest rate of 6.00% and due on August 4, 2026.   

NOTE 12 –SHORT-TERM AND LONG-TERM BANK LOANS

                                 As of September 30, 2025 (Unaudited)       As of December 31, 2024       Bank and other financial institution     Annual Interest Rate       Start     Maturity     Principal       Current portion       Non- current portion       Current portion       Non- current portion       Bank of Multiple Promerica Republic Dominicana (1)       10.00   %     April and June 2024     April and June 2029     $   -       $   -       $   -       $   86,778       $   362,386       Bank of Multiple Promerica Republic Dominicana (2)       10.00   %     June and July 2024     May 2025       -         -         -         162,836         -       Industrial and Commercial Bank of China(3)       2.50   %     May and September 2025     May and September 2026       906,026         906,026         -         -         -       Total borrowings                       906,