Company: CENN
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001140361-25-041657
Chunk: 95

Company: Cenntro Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 95
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 Z. Wang, the CEO of the Company     Hangzhou Hezhe     An entity significantly influenced by Hangzhou Ronda Tech Co., Limited, the Company’s subsidiary since June 23, 2021. On May 8, 2024, Hangzhou Hezhe become a subsidiary of the Company.   

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                  CENNTRO INC.
                  NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

            NOTE 19 - RELATED PARTY TRANSACTIONS AND BALANCES (CONTINUED)

            Related party transactions

            During the nine months ended September 30, 2025 and 2024, the Company had the following material related party transactions for the continuing operation.

                       For the Nine Months Ended September 30,              2025       2024             (Unaudited)       (Unaudited)       Interest income from a related party                 Zhejiang RAP     $   -       $   22,220                             Interest expense to a related party                     Zhongchai       33,575         -                             Interests-bearing loan from a related party                     Zhongchai       1,000,000         -                             Repayment of Interests-bearing loan to a related party                     Zhongchai       160,000         -                             Interests-bearing loan to a related party                     Greenland       27,701         -                             Repayment of interests-bearing loan principal and interest from a related party                     Greenland       28,174         -                             Prepayment of operating fund to a related party                     Billy Rafael Romero Del Rosario (1)       25,378         413,437                             Reimbursement from a related party