Cenntro Inc. filed SEC Form 8-K: Leadership Update, Financial Statements and Exhibits
$CENN
Auto Manufacturing
Consumer Discretionary
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): March 1, 2024
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Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the
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| Item 5.02 |
Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
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On March 1, 2024, Edmond Cheng, the chief financial officer (“CFO”) of Cenntro Inc. (the “Company”), notified the Board of Directors of the Company (the
“Board”) of his intention not to renew his employment agreement with the Company and his service as CFO to the Company ended March 1, 2024. Mr. Cheng’s decision was not the result of any disagreement between Mr. Cheng and the Company on any matters
relating to the Company’s operations, policies or practices. Mr. Cheng will continue to provide advisory services to the Company until March 31, 2024.
Additionally, on March 1, 2024, the Board appointed Edward Ye, the corporate controller of the Company to serve as the Company’s acting CFO with annual
compensation of US$91,555 to fill the vacancy created by Mr. Cheng effective as of March 1, 2024.
Mr. Ye, age 33, is a seasoned financial executive who joined the Company in 2019 as Financial Director to
the Company before becoming acting CFO. Prior to joining the Company, Mr. Ye was a Senior Associate at Deloitte Touche Tohmatsu Limited (“Deloitte”) from September 2012 to August 2017 where he assisted in the completion of initial public offerings
in the US and Hong Kong. At Deloitte, Mr. Ye served a multitude of clients in industries such as education, manufacturing, energy and resources, retail, customer service, real estate, transportation, and telecommunications. Mr. Ye earned a
Bachelor’s degree in Accounting from Hong Kong Baptist University and a Master of Science in Corporate Finance from Bayes Business School of the City, University of London, (formally known as, the Case Business School).
| Item 9.01. |
Financial Statements and Exhibits.
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(d)
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Exhibits
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Exhibit No.
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Description
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104
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Cover Page Interactive Data File (embedded within the Inline XBRL document).
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly
authorized.
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Dated: March 5, 2024
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Cenntro Inc.
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By: /s/ Peter Z. Wang
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Peter Z. Wang
Chief Executive Officer
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