Cenntro enters $1M related-party loan with Zhongchai Hong Kong at 7.50%

Cenntro Inc.

Loan agreement dated April 15, 2025, for up to $1.0 million evidenced by a promissory note.
Interest rate 7.50% per annum; maturity date April 14, 2026.
Proceeds to be used for working capital purposes.
Lender Zhongchai Hong Kong is a subsidiary of Greenland Technologies; CEO Peter Zuguang Wang controls both entities.
Audit committee of Cenntro's board (independent directors) approved the related-party transaction.

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