Cenntro shareholders approve director nominees and auditor at annual meeting

Cenntro Inc. (NASDAQ:CENN) reported Friday that shareholders approved all proposals at the company’s annual meeting, according to a press release statement and SEC filing.

At the meeting, holders of common stock elected four directors to the board. Peter Z. Wang received 23,224,310 votes in favor and 546,618 votes withheld. Benjamin B. Ge received 22,817,046 votes for and 953,882 withheld. Gang “Gavin” Lin was elected with 23,224,173 votes for and 546,755 withheld. Guangguang “Steven” Qin received 23,223,682 votes for and 547,246 withheld.

Shareholders also ratified the appointment of GGF CPA LTD as Cenntro’s independent registered public accounting firm for the fiscal year ending December 31, 2025. The proposal received 27,879,363 votes in favor and 880,850 against.

In addition, shareholders approved the possibility to adjourn the annual meeting if there were not enough votes to approve the director election or auditor appointment proposals. This adjournment proposal received 27,499,102 votes for and 1,453,825 against.

A total of 29,108,119 votes were present at the meeting, representing a quorum. All proposals were approved.

The information in this article is based on a press release statement and the company’s Form 8-K filing with the Securities and Exchange Commission.

In other recent news, Cenntro Inc. has announced a strategic partnership with Electricove Maroc to assemble electric vehicles in Morocco for the North African market. This agreement will see Cenntro supply vehicle assembly kits and provide technical support to establish local assembly capabilities. Cenntro also reported receiving 260 orders for its new Logistar 210 electric vehicle, primarily for European and Southeast Asian markets. Additionally, Cenntro has received U.S. Environmental Protection Agency certification for its second-generation hydrogen fuel cell semi-truck, the BM860H, developed by its subsidiary Bison Motors Inc.

The company has launched the Avantier Commuter, an all-electric four-seat passenger vehicle with EU M1 type approval, allowing it to be sold across all EU countries. Furthermore, Cenntro has delivered 71 special edition Logistar 450P electric buses to Spanish mobility provider QEV Technologies. These buses, part of a larger order, have received European Union M2 Type Approval for short-distance shuttle and public transportation services. These developments mark significant strides in Cenntro’s expansion into international markets and product offerings.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.