On February 14, 2024, Cenntro Electric Group Limited, a leading electric vehicle technology company, announced the rescheduling of a second court hearing with the Supreme Court of New South Wales, Australia. The hearing, initially set for February 14, 2024, has been moved to February 16, 2024, to allow the Court to consider the company's proposed scheme of arrangement. This scheme involves Cenntro Electric's redomiciliation from Australia to the United States, where it will become a subsidiary of Cenntro Inc., a newly incorporated Nevada company. Shareholders have the right to appear and be heard at the hearing, and if they wish to oppose the scheme, they must file a notice of appearance and any supporting affidavit with the Court at least one day before the...Show More

On February 14, 2024, Cenntro Electric Group Limited, a leading electric vehicle technology company, announced the rescheduling of a second court hearing with the Supreme Court of New South Wales, Australia. The hearing, initially set for February 14, 2024, has been moved to February 16, 2024, to allow the Court to consider the company's proposed scheme of arrangement. This scheme involves Cenntro Electric's redomiciliation from Australia to the United States, where it will become a subsidiary of Cenntro Inc., a newly incorporated Nevada company. Shareholders have the right to appear and be heard at the hearing, and if they wish to oppose the scheme, they must file a notice of appearance and any supporting affidavit with the Court at least one day before the hearing. The scheme's implementation is planned for February 27, 2024, assuming court approval and no further delays. The company has provided an updated timetable for the scheme's key events, including the court hearing, lodgement with ASIC, record date, and the commencement of dispatch to shareholders of statements confirming the issue of HoldCo Shares.