Company: CENN
Filing Date: 2025-11-12
Form Type: 10-Q
Source: 0001140361-25-041657
Chunk: 115

Company: Cenntro Inc.
Filing Date: 2025-11-12
Form: 10-Q
Item: Part II, Item 8
Chunk 115
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920 and the annual increase is 3%.

          37

        On August 4, 2022, we signed a non-cancellable operating lease agreement in Mexico as a facility. For the first 12 months, the rentable area is 58,413 square feet. Starting on the
          month 13 to month 18, the rentable area is 85,554 square feet, and as of month 19 of the Rent Commencement Date and for the remainder of the initial term, the rentable area is 112,694 square feet. The lease period commenced on January, 2023 and
          ends 8.5 years. The monthly rent is $29,225.38 and the annual increase is the higher of a) the consumer price index, or b) 2.5%.

        On September 1, 2024, we signed two non-cancellable operating lease agreements for approximately 5,398,050 square feet as office building and facility in Jiangsu, China. The lease
          period commenced on September 1, 2024 and ends on December 31, 2026. The total monthly rent is approximately $22,435.

        On January 15, 2025, Antric signed a non-cancellable operating lease agreement for approximately 4,392 square feet in Bochum, Germany. The lease has no particular termination
          date. The monthly base rent is €3,616.29 (or approximately $4,243.72).

        On March 25, 2025, we signed a non-cancellable operating lease agreement for approximately 100,860 square feet as a facility in Barstow, California. The lease period commenced on
          June 1, 2025 and ends three years. The base rent for the first year is $12,000 per month. The monthly rent for the following two years is $12,360 and $12,731, respectively.

        On May 19, 2025, we signed a non-cancellable operating lease agreement for approximately 2,906 square feet as a shop in Barcelona, Spain. The lease period commenced on May 19,
          2025 and ends eighteen months. The rent-free period is from May 19, 2025 to June 30, 2025. The monthly rent is €2,154 (or approximately $2,357) and the rent will be adjusted annually based on the Consumer Price Index (CPI)