Company: CENN
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001140361-25-011607
Chunk: 37

Company: Cenntro Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 10
Chunk 37
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 Our chief executive officer may not be present at
        any committee meeting during which his compensation is deliberated. The compensation committee is responsible for, among other things:

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              reviewing and approving, or recommending to the board for its approval, the compensation for our chief executive officer and other executive officers;

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              reviewing and recommending to the shareholders for determination with respect to the compensation of our directors;

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              reviewing periodically and approving any incentive compensation or equity plans, programs or similar arrangements; and

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              selecting compensation consultant, legal counsel or other adviser only after taking into consideration all factors relevant to that person’s independence from management.

Nomination Committee. Our Nomination Committee consists of Jiawei “Joe” Tong and Benjamin B. Ge. Mr. Tong is the chairman of our nomination committee. The
        nomination committee assists the board of directors in selecting individuals qualified to become our directors and in determining the composition of the board and its committees. The nomination committee is responsible for, among other things:

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              selecting and recommending to the board nominees for election by the shareholders or appointment by the board;

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              reviewing annually with the board the current composition of the board with regards to characteristics such as independence, knowledge, skills, experience and diversity;

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              making recommendations on the frequency and structure of board meetings and monitoring the functioning of the committees of the board; and

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              advising the board periodically with regards to significant developments in the law and practice of corporate governance as well as our compliance with applicable laws and regulations, and making
                recommendations to the board on all matters of corporate governance and on any remedial action to be taken.

Family Relationships

There are no family relationships between any of our directors or executive officers.

Certain Legal Proceedings

To our knowledge, no director, nominee for director, or executive officer of the Company has been a party in any legal proceeding material to an evaluation of his ability or integrity during the
        past ten years.

        Section 16(a) Beneficial Ownership Reporting Compliance

Section 16(a) of the Securities Exchange Act of 1934 requires the Company’s directors, executive officers,
            and beneficial owners of more than 10% of any class of the Company’s equity securities to file reports of ownership and changes in ownership with the Securities and Exchange Commission. These individuals are also required to furnish the Company
            with copies of all such filings.

          Based solely on a review of the reports filed with the SEC