Cenntro (CENN) Proxy Filing summary

Executive summary

• Annual meeting scheduled for December 19, 2024, to be held virtually, with voting available online and by proxy.

• Shareholders will vote on electing four directors, ratifying the independent auditor, and approving potential adjournment to solicit more proxies.

• Board unanimously recommends voting in favor of all proposals.

• Proxy materials are provided via internet to reduce costs and environmental impact.

Voting matters and shareholder proposals

• Proposals include: (1) election of four directors, (2) ratification of GGF CPA LTD as independent auditor for 2024, (3) approval of adjournment if needed.

• Each proposal requires a majority of votes cast to pass; abstentions and broker non-votes have no effect.

• No cumulative voting; each share equals one vote per proposal.

• No appraisal or dissenter rights for any proposal.

Board of directors and corporate governance

• Board consists of four directors, all nominated for re-election: Peter Z. Wang, Jiawei "Joe" Tong, Benjamin B. Ge, and Yi Zeng.

• Board committees: Audit, Compensation, and Nominating/Corporate Governance, all with independent members.

• Board diversity: all male, all Asian, with a focus on diversity of thought and experience.

• Board met 7 times in 2023; all directors attended all meetings.

• Code of Business Conduct and Ethics applies to all directors, officers, and employees.