Cenntro files draft information statement on authorized share increase

• Cenntro shareholders authorized a sharp expansion of share capital, lifting authorized common stock to 3,000,000,000 shares from 16,666,667.
• Authorized preferred stock increased to 100,000,000 shares from 1,666,667.
• Shareholders also authorized a reverse stock split, allowing a ratio anywhere from 1-for-2 to 1-for-250.
• The board will set the final split ratio, with implementation permitted through June 12, 2027.
• The authorized-share increase is slated to take effect on or about July 20, 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Cenntro Inc. (The Corporation) published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001140361-26-025341), on June 16, 2026, and is solely responsible for the information contained therein.