Company: CENN
Filing Date: 2025-06-27
Form Type: DEF 14A
Source: 0001140361-25-023970
Chunk: 29

Company: Cenntro Inc.
Filing Date: 2025-06-27
Form: DEF 14A
Chunk 29
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 Qin are “independent” as that term is defined by Nasdaq Rule 4200(a)(15); accordingly, we satisfy or will satisfy the “independent director” requirements, which requires that a majority of a company’s directors be independent. Compensation Committee Our compensation committee consists of Mr. Benjamin B. Ge and Mr. Guangguang “Steve” Qin. Mr. Qin is the chairperson of the compensation committee. The Board has determined that the composition of the compensation committee meets the requirements for independence under the current Nasdaq listing rules and SEC rules and regulations. Each member of the committee is a non-employee director, as defined in Rule 16b-3 promulgated under the Exchange Act. The compensation committee is responsible for, among other things:

| • | reviewing, approving and determining, or making recommendations to the Board regarding, the compensation of our executive officers, including the Chief Executive Officer; |

| • | making recommendations regarding non-employee director compensation to our full Board of Directors; |

| • | administering our equity compensation plans and agreements with our executive officers; |

| • | reviewing, approving and administering incentive compensation and equity compensation plans; and |

| • | reviewing and approving our overall compensation philosophy. |

The compensation committee operates under a written charter, which satisfies the applicable rules of the SEC and the listing standards of Nasdaq. Nominating Committee Our nominating and corporate governance committee consists of Mr. Benjamin Ge and Mr. Guangguang “Steve” Qin. The Board has determined that the composition of the nominating and corporate governance committee meets the requirements for independence under the current Nasdaq listing rules and SEC rules and regulations. The nominating and corporate governance committee is responsible for, among other things:

| • | identifying, evaluating and selecting, or making recommendations to the Board regarding nominees for election to the Board of Directors and its committees; |

| • | considering and making recommendations to the Board regarding the composition of the Board of Directors and its committees; |

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| • | developing and making recommendations to the Board regarding corporate governance guidelines and matters; |

| • | overseeing our corporate governance practices; |

| • | overseeing the evaluation and the performance of the Board and individual directors; and |

| • | contributing to succession planning. |

The nominating and corporate governance committee operates under a written charter, which satisfies the applicable rules of the SEC and the Nasdaq listing rules. Annual Meetings of The Board and Its Committees The Board met (or took action through written resolutions)