Company: CENN
Filing Date: 2025-08-12
Form Type: 10-Q
Source: 0001140361-25-030576
Chunk: 16

Company: Cenntro Inc.
Filing Date: 2025-08-12
Form: 10-Q
Item: Part II, Item 8
Chunk 16
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 Jin, Gregory Hancke Hurzzeitdarlehen, Meiya Xu, Suleiman International and Commas International Holding, LLC. From April 30, 2024 to April 9, 2025 the Company entered into agreements with Aqua Pyro Limited, JCE Partners LLC, Bsquare Realty, Inc. Hongbo Jin and Suleiman International to borrow interest-free loans of $258,832, $200,000, $100,000,$110,000 and $300,000, which were due on April 30, 2026, September 9, 2025, March 31, 2026, March 27, 2026 and April 9, 2026, respectively. On March 5, 2025, the Company entered an agreement with Gregory Hancke Hurzzeitdarlehen to borrow EUR99,000 (approximately $116,523), with interest rate of 7.5% per annum and due on December 31, 2025. On January 23, 2025, the Company entered an agreement with Meiya Xu to borrow RMB400,000 (approximately $55,838), 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.   

NOTE 12 –SHORT-TERM AND LONG-TERM BANK LOANS
     
                           As of June 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)