Company: CENN
Filing Date: 2025-04-01
Form Type: 10-K
Source: 0001140361-25-011607
Chunk: 36

Company: Cenntro Inc.
Filing Date: 2025-04-01
Form: 10-K
Item: Item 10
Chunk 36
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 Contents

Term of Office

Our directors are appointed for a one-year term to hold office until the next annual general meeting of our stockholders or until removed from office in accordance with our bylaws. Our officers
        are appointed by our board of directors and hold office until removed by the board.

Board Committees

We have established three committees under the board of directors: an audit committee, a compensation committee and a nominating committee. We have adopted a charter for each of the three
        committees. Copies of our committee charters are posted on our corporate investor relations website.

Each committee’s members and functions are described below.

Audit Committee. Our Audit Committee consists of  Yi Zeng, Jiawei “Joe” Tong and Benjamin B. Ge. Mr. Ge is the chairman of our audit committee. We have
        determined that these directors satisfy the “independence” requirements of NASDAQ Rule 5605 and Rule 10A-3 under the Securities Exchange Act of 1934. Our board of directors has determined that Mr. Ge qualifies as an audit committee financial expert
        and has the accounting or financial management expertise as required under Item 407(d)(5)(ii) and (iii) of Regulation S-K. The audit committee will oversee our accounting and financial reporting processes and the audits of the financial statements
        of our company. The audit committee is responsible for, among other things:

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              appointing the independent auditors and pre-approving all auditing and non-auditing services permitted to be performed by the independent auditors;

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              reviewing with the independent auditors any audit problems or difficulties and management’s response;

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              discussing the annual audited financial statements with management and the independent auditors;

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              reviewing the adequacy and effectiveness of our accounting and internal control policies and procedures and any steps taken to monitor and control major financial risk exposures;

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              reviewing and approving all proposed related party transactions;

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              meeting separately and periodically with management and the independent auditors; and

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              monitoring compliance with our code of business conduct and ethics, including reviewing the adequacy and effectiveness of our procedures to ensure proper compliance.

Compensation Committee. Our Compensation Committee consists of  Jiawei “Joe” Tong and Benjamin B. Ge. Mr. Tong is the chairman of our compensation
        committee. The compensation committee assists the board in reviewing and approving the compensation structure, including all forms of compensation, relating to our directors and executive officers.