Bruce Chan

Karl Birkenfeld

Michael Shlisky

- On **October 23, 2025**, Cenntro Inc. and About Investment Pte. Ltd. entered into an exchange agreement for an outstanding senior secured convertible note.  **[1707919_0001140361-25-039603_ef20057839_8k.htm:1]** **[1707919_0001140361-25-039603_ef20057839_ex10-1.htm:1]** 
- About Investment Pte. Ltd. received a **new secured convertible promissory note** with a principal amount of **$4,000,000**, an **8% annual interest rate**, and a maturity date of **January 19, 2026**.  **[1707919_0001140361-25-039603_ef20057839_8k.htm:1]** **[1707919_0001140361-25-039603_ef20057839_ex4-1.htm:1]** **[1707919_0001140361-25-039603_ef20057839_ex4-1.htm:3]** 
- As of **October 28, 2025**, About Investment Pte. Ltd. has converted the Exchange Note to purchase **12,000,000 shares of common stock** at a conversion price of **$0.10 per share**.  **[1707919_0001140361-25-039603_ef20057839_ex4-1.htm:3]** **[1707919_0001140361-25-039603_ef20057839_8k.htm:4]** 
- In the event of default, the interest rate on the Exchange Note will increase to the lesser of **10% per annum** or the maximum legal rate, and 110% of the outstanding principal plus accrued interest may become immediately due.  **[1707919_0001140361-25-039603_ef20057839_8k.htm:1]** **[1707919_0001140361-25-039603_ef20057839_ex4-1.htm:3]** **[1707919_0001140361-25-039603_ef20057839_ex4-1.htm:7]**

Cenntro Inc. Enters into Exchange Agreement for Convertible Note

- Cenntro Inc. (CENN) has been granted an additional **180-day extension** by Nasdaq to regain compliance with the **minimum $1.00 closing bid price requirement**.  **[1707919_0001140361-25-039274_ef20057690_ex99-1.htm:0]** 
- The new deadline for Cenntro to meet this requirement is **April 20, 2026**.  **[1707919_0001140361-25-039274_ef20057690_ex99-1.htm:0]** **[1707919_0001140361-25-039274_ef20057690_8k.htm:1]** 
- This extension follows an initial notification received on **April 25, 2025**, due to the company's common stock trading below $1.00 per share for thirty consecutive business days.  **[1707919_0001140361-25-039274_ef20057690_ex99-1.htm:0]** **[1707919_0001140361-25-039274_ef20057690_8k.htm:1]** 
- To regain compliance, Cenntro must maintain a closing bid price of at least $1.00 per share for a minimum of ten consecutive business days.  **[1707919_0001140361-25-039274_ef20057690_ex99-1.htm:0]**

Cenntro Granted Nasdaq Minimum Bid Price Extension

- Cenntro Inc. has been granted an additional **180-day extension** by Nasdaq to meet the **$1.00 minimum closing bid price requirement**.  **[1707919_7193ee6c14cd4cad9f24a225750beb0b_0]** 
- The new deadline for Cenntro to regain compliance is **April 20, 2026**.  **[1707919_7193ee6c14cd4cad9f24a225750beb0b_0]** 
- To comply, the company's stock must maintain a closing bid price of at least **$1.00 per share for a minimum of ten consecutive business days** by the extended deadline.  **[1707919_7193ee6c14cd4cad9f24a225750beb0b_0]** 
- This extension follows an initial notification on **April 25, 2025**, and the company's common stock will **continue to trade** on the Nasdaq Capital Market under the symbol "CENN" without immediate effect.  **[1707919_7193ee6c14cd4cad9f24a225750beb0b_0]**

Cenntro (CENN)