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Cenntro Electric | 8-K: Current report

SEC announcement · Mar 5 16:19

CENN +1.39%

Summary by Moomoo AI

On March 1, 2024, Cenntro Electric, a company listed on the Nasdaq Capital Market under the trading symbol CENN, announced significant changes in its executive team. Edmond Cheng, the Chief Financial Officer (CFO) of Cenntro Inc., informed the Board of Directors of his decision not to renew his employment agreement, effectively ending his service as CFO on the same day. The company clarified that Cheng's departure was not due to any disagreements regarding operations, policies, or practices. Cheng will continue to provide advisory services to the company until March 31, 2024. Concurrently, the Board appointed Edward Ye as the acting CFO. Ye, who has been with Cenntro since 2019 and previously served as a Senior Associate at Deloitte, brings a wealth of experience to his new role. His appointment and annual compensation of US$91,555 were effective immediately on March 1, 2024.

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