Cenntro effects 1-for-60 reverse stock split to address Nasdaq bid price compliance

Cenntro Inc.

1-for-60 reverse split effective April 13, 2026; shares outstanding reduced from ~87.9M to ~1.47M.
Authorized common shares cut from 1B to ~16.7M; preferred from 100M to 1.67M.
Split targets Nasdaq minimum $1.00 bid price under Listing Rule 5550(a)(2).
No fractional shares issued; stockholders of record receive one whole share for any fraction.
CUSIP changes to 150964302; stock continues trading as CENN.

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