Cenntro (CENN) investor relations material

Company overview and business model

• Designs, manufactures, distributes, and services commercial vehicles powered by electricity or hydrogen, targeting fleet and municipal organizations for city services and last-mile delivery.

• Developed six commercial vehicle models and a programmable smart chassis platform for autonomous applications, with operations in the US, Australia, Europe, Mexico, Hong Kong, the Dominican Republic, and China.

• Employs an asset-light, distributed manufacturing model, distributing unassembled vehicle kits for local assembly to reduce capital needs and improve margins.

• Transitioned from reliance on third-party channel partners to a hybrid distribution model combining wholly-owned EV Centers and local dealer networks.

Financial performance and metrics

• As of January 26, 2026, one-third of public float is approximately $5.0 million, based on 80,728,616 shares held by non-affiliates and a per share price of $0.1865.

• No dividends have been declared or paid; intends to retain earnings for business operations and expansion.

• Cash transfers within the company in the nine months ended September 30, 2025, totaled $2.0 million, with $1.4 million in other asset transfers; $17.1 million in total material cash transfers in 2024.

• Restrictions on PRC subsidiaries' net assets were $37.7 million (48% of consolidated net assets) as of December 31, 2024, and $29.5 million (39%) as of September 30, 2025.

Use of proceeds and capital allocation

• Net proceeds from securities sales will be used for general corporate purposes, including working capital, capital optimization, acquisitions, and other business needs.

• Proceeds may be temporarily invested in interest-bearing securities or money market instruments until applied.