Cenntro Electric Group Announces 2022 Annual General Meeting and the Nomination of Benjamin Ge as a Class III Director
May 05 2022 - 8:31AM
Business Wire
Management to Host Meeting on Tuesday, May 31
at 8:00 a.m. EDT
Cenntro Electric Group Limited (NASDAQ: CENN) (“Cenntro” or the
“Company”), a leading EV technology company with advanced,
market-validated electric commercial vehicles, today announced that
it will hold its Annual General Meeting on Tuesday, May 31, 2022 at
8:00 a.m. EDT (Tuesday, 31 May, 2022 at 8:00 p.m. Shanghai Time and
Tuesday, 31 May, 2022 at 10:00 p.m. Australian Eastern Time.) at
the Hyatt Regency Jacksonville Riverfront in Jacksonville,
Florida.
Eligible shareholders or their proxies wishing to attend the
Meeting in person are asked to arrive at least 30 minutes prior to
commencement of the Meeting. For those shareholders of the Company
who are not able to attend the Annual General Meeting in person,
the Annual General Meeting will be broadcast via an audio webcast
available at https://web.lumiagm.com/292065436. In order to log
into the audio webcast, you will need your Shareholder Control
Number and the password "cenntro2022". Copies of the Company’s
Notice of Meeting and related materials are available on the
Company’s investor relations website at ir.cenntroauto.com and at
https://www.cstproxy.com/cenntro/2022.
Cenntro also announced today that Mr. Simon Tripp, a Class III
independent director, notified the Board of his intention not to
stand for re-election to the Board at the Annual General Meeting
and to resign effective immediately prior to the Meeting. Cenntro
Electric Group wishes to express its deep appreciation to Mr. Tripp
for his contributions to the Company, including his distinguished
service as a Board member of Naked Brand Group and of Cenntro
Electric Group after last year's successful stock purchase
transaction.
“Simon has played an important part in supporting Cenntro,
serving our shareholders and other stakeholders, and advancing our
mission,” said Peter Wang, CEO of Cenntro Electric Group. “He was a
valued colleague as we worked together to consummate last year’s
transaction and has been integral to our plans to chart a course
for continued growth and success.”
Cenntro further announced today that the Board has nominated Mr.
Benjamin Ge as a Class III director nominee for election at the
Annual General Meeting to serve until the 2025 Annual Meeting. Mr.
Ge has extensive corporate finance and private equity experience.
Since 2019, Mr. Ge has been the Chief Financial Officer of the New
Century Science & Technology Limited. Mr. Ge was a Managing
Director at Citic Capital Holdings Limited from 2016 until 2019 and
was a Regional Head (China) of Sequoia Capital Operations LLC from
2010 through 2016. Mr. Ge was Vice President of JP Morgan’s Global
Special Opportunity Group from 2007 to 2009 and Vice President of
UniCredit China Capital Ltd. from 2005 to 2007.
COVID-19 Measures
The Company may implement certain precautionary measures at the
Annual General Meeting in order to prevent the spread of COVID-19
and to safeguard the health and safety of the Company’s
shareholders and employees. Depending on concerns about and
developments relating to the COVID-19 pandemic, we may impose
additional procedures or limitations on Meeting attendance based on
applicable governmental requirements or recommendations, facility
requirements or other health and safety matters.
About Cenntro Electric Group Ltd.
Cenntro Electric Group Ltd. (or “Cenntro”) (NASDAQ: CENN) is a
leading designer and manufacturer of electric light and medium-duty
commercial vehicles. Cenntro’s purpose-built ECVs are designed to
serve a variety of organizations in support of city services,
last-mile delivery and other commercial applications. Cenntro plans
to lead the transformation in the automotive industry through
scalable, decentralized production, and smart driving solutions
empowered by the Cenntro iChassis. As of December 31, 2021, Cenntro
has sold or put into service more than 3,700 vehicles in over 25
countries across North America, Europe and Asia. For more
information, please visit Cenntro’s website at:
http://www.cenntroauto.com.
Forward-Looking Statements
This communication contains "forward-looking statements" within
the meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995. Forward-looking
statements include all statements that are not historical facts.
Such statements may be, but need not be, identified by words such
as "may,'' "believe,'' "anticipate,'' "could,'' "should,''
"intend,'' "plan,'' "will,'' "aim(s),'' "can,'' "would,''
"expect(s),'' "estimate(s),'' "project(s),'' "forecast(s)'',
"positioned,'' "potential,'' "goal,'' "strategy,'' "outlook'' and
similar expressions. Examples of forward-looking statements
include, among other things, statements regarding assembly and
distribution capabilities, decentralized production and fully
digitalized autonomous driving solutions. All such forward-looking
statements are based on management's current beliefs, expectations
and assumptions, and are subject to risks, uncertainties and other
factors that could cause actual results to differ materially from
the results expressed or implied in this communication. For
additional risks and uncertainties that could impact Cenntro’s
forward-looking statements, please see disclosures contained in
Cenntro's public filings with the SEC, including "Risk Factors" in
Cenntro's Annual Report on Form 20-F filed with the Securities and
Exchange Commission on April 25, 2022 and which may be viewed at
www.sec.gov.
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version on businesswire.com: https://www.businesswire.com/news/home/20220505005411/en/
Investor Relations Contact: Chris Tyson MZ North America
CENN@mzgroup.us 949-491-8235
Company Contact: PR@cenntroauto.com
IR@cenntroauto.com
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