Management Change/Compensation (Form 8-K)

Item 5.02.

Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

On December 22, 2025, Mr. Gang "Gavin" Lin, the independent director of the Company notified the Board of Directors (the "Board") of Cenntro Inc., a Nevada Corporation (the "Company") of his decision to resign his position as an independent director and a member of the Audit Committee of the Board, effective on December 23, 2025. Mr. Lin's decision was made solely for personal reasons and not due to any disagreement with the Company or the Board on any matter relating to the Company's operations, policies, or practices.

To fill the vacancy created by Mr. Lin's resignation until the Company's next annual general meeting called for the election of directors, the Board appointed Charles Athle Nelson to serve as an independent director and a member of the Audit Committee of the Board, effective on December 23, 2025.

Mr. Charles Athle Nelson has been active in the capital markets for the past 35 years. He began his financial career as a market representative with American International Group and in 1979 joined Dean Witter Reynolds as a Financial Advisor, working with high net worth and institutional clients. In 1980, he joined Drexel Burnham and Lambert, and subsequently, at Ladenberg Thalmann and then at Auerbach Pollack and Richardson originated equity and investment banking transactions. Over the last 20 years, Mr. Nelson has been involved with financing companies in the fintech, healthcare and bio-pharma spaces through private equity and public financing including listings on the Nasdaq and the NYSE. Mr. Nelson holds a bachelor's degree in arts from Villanova University and an MBA from Rutgers University.

There are no arrangements or understandings between Mr. Nelson and any other persons pursuant to which he was selected as a director, and there are no related party transactions involving Mr. Nelson requiring disclosure pursuant to Item 404(a) of Regulation S-K under the Securities Exchange Act of 1934, as amended. The Board has determined that Mr. Nelson is an "independent director" as defined under Nasdaq Listing Rule 5605(a)(2).

The Company agrees to pay Mr. Nelson an annual compensation of US$25,000, payable in arrears, in equal installments quarterly. The director offer letter also provides indemnification between the Company and Mr. Nelson in the Company's standard form for officers or directors of the Company.

The foregoing description of the director offer letter does not purport to be complete and is qualified in its entirety by reference to such agreement, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated herein by reference.