Material Agreement, Private Placement (Form 8-K)

On May 12, 2026, Cenntro Inc., a Nevada corporation (the "Company") entered into securities purchase agreements with certain accredited investors (the "Investors"), pursuant to which the Company agreed to issue and sell, in a private placement (the "Private Placement"), an aggregate of 1,000,000 shares of common stock, par value $0.0001 per share (the "Common Stock") at a purchase price of $3.93 per share, which is the closing price of the shares of Common Stock of the Company on the same day, for gross proceeds of approximately $3,930,000. The Company plans to use the proceeds for working capital and general corporate purposes.

The Private Placement is conducted in compliance with Nasdaq Listing Rule 5635(d), which permits issuances of 20% or more of the outstanding Common Stock without shareholder approval when the offering is priced at or above the "Minimum Price" as defined under Nasdaq rules.

On May 19, 2026, the Company and the Investors entered into an amendment to the securities purchase agreement (the "First Amendment"), pursuant to which the parties agreed to amend the provisions relating to delivery of the shares of Common Stock and purchase price, including availing subscription in stablecoins.

The closing of the Private Placement is subject to the satisfaction of customary closing conditions. As of the date of this report, the closing conditions have not been satisfied, and the Company has not issued any shares of Common Stock pursuant to the securities purchase agreements.

The foregoing descriptions of the Purchase Agreement, and the First Amendment, do not purport to be complete and are qualified in their entirety by reference to the full text of such agreements, copies of which are filed as Exhibits 10.1, and 10.2, respectively, to this Current Report on Form 8-K and incorporated herein by reference.

The information disclosed in Item 1.01 above is incorporated by reference into this Item 3.02.

The Private Placement is exempt from the registration requirements of the Securities Act of 1933, as amended (the "Securities Act"), pursuant to Section 4(a)(2) thereof, and Regulation S promulgated by the U.S. Securities and Exchange Commission (the "SEC") thereunder. Each Sellers was required to represent that it is not a "U.S. person" in accordance with Regulation S under the Securities Act. The Company did not engage in general solicitation or advertising and did not offer securities to the public in connection with the issuance and sale of shares of Common Stock described in this report.

The shares of Common Stock to be issued in the Private Placement have not been registered under the Securities Act and none of such securities may be offered or sold in the United States absent registration or an exemption from registration under the Securities Act and any applicable state securities laws. The shares of Common Stock are subject to transfer restrictions, and the certificates evidencing the securities will contain an appropriate legend stating that such securities have not been registered under the Securities Act and may not be offered or sold absent registration or pursuant to an exemption therefrom.

Neither this Current Report on Form 8-K nor any of the exhibits attached hereto will constitute an offer to sell or the solicitation of an offer to buy shares of Common Stock or any other securities of the Company

This report shall be deemed to be incorporated by reference into the registration statement of the Company on Form S-3 (File No. 333-292994) and to be a part thereof from the date on which this report is filed, to the extent not superseded by documents or reports subsequently filed or furnished.