Cenntro Electric Group Limited, an Australia-incorporated electric vehicle technology company, has announced the final voting results of its Scheme Meeting held on January 24, 2024. The meeting was convened to vote on a scheme of arrangement for the company to redomicile from Australia to the United States, becoming a subsidiary of a new corporation, Cenntro Inc., incorporated in Nevada. The Scheme Resolution was passed with 97.5% of votes in favor, representing 71.16% of the voting shareholders. The Scheme is subject to approval by the Supreme Court of New South Wales and other customary conditions. A second court hearing is scheduled for February 14, 2024, with the Scheme's implementation date set for February 27, 2024, if all conditions are met. The company's press release on February 5, 2024, confirmed the favorable shareholder vote and outlined the next steps for the redomiciliation process.

Cenntro Electric Group Limited, an Australia-incorporated electric vehicle technology company, has announced the final voting results of its Scheme Meeting held on January 24, 2024. The meeting was convened to vote on a scheme of arrangement for the company to redomicile from Australia to the United States, becoming a subsidiary of a new corporation, Cenntro Inc., incorporated in Nevada. The Scheme Resolution was passed with 97.5% of votes in favor, representing 71.16% of the voting shareholders. The Scheme is subject to approval by the Supreme Court of New South Wales and other customary conditions. A second court hearing is scheduled for February 14, 2024, with the Scheme's implementation date set for February 27, 2024, if all conditions are met. The company's press release on February 5, 2024, confirmed the favorable shareholder vote and outlined the next steps for the redomiciliation process.