Cenntro Electric Group Announces Adjourned Second Court Hearing and Revised Scheme Timetable - Seite 2

Updated Scheme timetable

The key dates for implementation of the Scheme are set out below:

Expected date*

Event

Friday, February 16, 2024 at 9:15am

Second Court Hearing to obtain orders approving the Scheme

Friday, February 16, 2024

Lodgement by Cenntro with ASIC of the Court orders approving the Scheme

Thursday, February 22, 2024 at 7:00pm

Record Date

Tuesday, February 27, 2024

Implementation Date

Thursday, February 29, 2024

Commencement of dispatch to Scheme Shareholders of statements confirming the issue of HoldCo Shares

*All dates and times listed in the table above are in Australian Eastern Daylight Time and are indicative only and subject to change. Cenntro, in consultation with HoldCo, may vary any or all of these dates and times and will provide reasonable notice of any such variation. Certain times and dates are conditional on the conditions precedent to the Scheme, including approval of the Scheme by the Court, being satisfied or waived (as applicable). Any changes will be announced by Cenntro to Nasdaq and published on Cenntro’s website at www.cenntroauto.com.

About Cenntro Electric Group Ltd.

Cenntro Electric Group Ltd. (NASDAQ: CENN) is a leading maker and provider of electric commercial vehicles (“ECVs”). Cenntro's purpose-built ECVs are designed to serve a variety of commercial applications inclusive of its line of class 1 to class 4 trucks. Cenntro is building a globalized supply-chain, as well as the manufacturing, distribution, and service capabilities for its innovative and reliable products. Cenntro continues to evolve its products capabilities through advanced battery, powertrain, and smart driving technologies. For more information, please visit Cenntro's website at: http://www.cenntroauto.com/.