Cenntro Inc. 8-K

What Happened

• Cenntro Inc. announced that Gang “Gavin” Lin resigned as an independent director and member of the Audit Committee, effective December 23, 2025. The Board appointed Charles Athle Nelson to fill the vacancy and to serve as an independent director and Audit Committee member, effective December 23, 2025.

Key Details

• Resignation effective date: December 23, 2025 (notice given Dec 22, 2025).
• New director: Charles Athle Nelson — ~35 years in capital markets, experience in equity and investment banking and financings across fintech, healthcare and bio-pharma; BA from Villanova, MBA from Rutgers.
• Independence: Board determined Mr. Nelson qualifies as an “independent director” under Nasdaq Listing Rule 5605(a)(2).
• Compensation and terms: annual fee of US$25,000, payable quarterly in arrears; standard director indemnification provided.
• Other: Company states Mr. Lin’s resignation was for personal reasons and not due to any disagreement; no related-party transactions or special arrangements reported for Mr. Nelson. Offer letter is filed as Exhibit 10.1 (portions redacted).

Why It Matters

• Board composition and independent oversight affect corporate governance and investor confidence. The appointment fills the Audit Committee vacancy ahead of the next annual meeting, maintaining the Board’s independent representation. The disclosed annual fee and absence of related-party ties indicate a routine, non-executive board appointment with no immediate material financial impact disclosed.