SEC Info - Cenntro Electric Group Ltd. - ‘20-F’ for 12/31/21

Cenntro Electric Group Ltd. – ‘20-F’ for 12/31/21 – ‘EX-12.1’

On: Monday, 4/25/22, at 4:58pm ET · For: 12/31/21 · Accession #: 1140361-22-15755 · File #: 1-38544

As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/25/22 Cenntro Electric Group Ltd. 20-F 12/31/21 97:12M Edgarfilings Ltd.

Document/Exhibit Description Pages Size 1: 20-F Annual or Annual-Transition Report by a Foreign HTML 2.04M Non-Canadian Issuer 2: EX-2.2 Plan of Acquisition, Reorganization, Arrangement, HTML 40K Liquidation or Succession 3: EX-4.26 Instrument Defining the Rights of Security Holders HTML 175K 4: EX-4.27 Instrument Defining the Rights of Security Holders HTML 40K 5: EX-8.1 Opinion of Counsel re: Tax Matters HTML 29K 8: EX-13.1 Annual or Quarterly Report to Security Holders HTML 26K 6: EX-12.1 Statement re: the Computation of Ratios HTML 31K 7: EX-12.2 Statement re: the Computation of Ratios HTML 31K 9: EX-15.2 Letter re: Unaudited Interim Financial Info HTML 26K 15: R1 Document and Entity Information HTML 98K 16: R2 Consolidated and Combined Balance Sheets HTML 172K 17: R3 Consolidated and Combined Balance Sheets HTML 32K (Parenthetical) 18: R4 Combined Statements of Operations and HTML 144K Comprehensive Loss 19: R5 Combined Statements of Changes in Equity HTML 81K 20: R6 Combined Statements of Cash Flow HTML 170K 21: R7 Organization and Principal Activities HTML 51K 22: R8 Summary of Significant Accounting Policies HTML 112K 23: R9 Accounts Receivable, Net HTML 44K 24: R10 Inventories HTML 33K 25: R11 Prepayment and Other Current Assets, Net HTML 41K 26: R12 Equity Method Investments HTML 36K 27: R13 Plants and Equipment, Net HTML 39K 28: R14 Other Non-Current Assets, Net HTML 38K 29: R15 Accrued Expenses and Other Current Liabilities HTML 38K 30: R16 Income Taxes HTML 89K 31: R17 Leases HTML 48K 32: R18 Share-Based Compensation HTML 83K 33: R19 Ordinary Shares and Restricted Net Assets HTML 29K 34: R20 Net Loss Per Share HTML 38K 35: R21 Concentrations HTML 80K 36: R22 Commitments and Contingencies HTML 37K 37: R23 Related Party Transactions HTML 99K 38: R24 Subsequent Event HTML 30K 39: R25 Summary of Significant Accounting Policies HTML 166K (Policies) 40: R26 Organization and Principal Activities (Tables) HTML 45K 41: R27 Summary of Significant Accounting Policies HTML 77K (Tables) 42: R28 Accounts Receivable, Net (Tables) HTML 44K 43: R29 Inventories (Tables) HTML 33K 44: R30 Prepayment and Other Current Assets, Net (Tables) HTML 41K 45: R31 Equity Method Investments (Tables) HTML 32K 46: R32 Plants and Equipment, Net (Tables) HTML 37K 47: R33 Other Non-Current Assets, Net (Tables) HTML 38K 48: R34 Accrued Expenses and Other Current Liabilities HTML 38K (Tables) 49: R35 Income Taxes (Tables) HTML 85K 50: R36 Leases (Tables) HTML 49K 51: R37 Share-Based Compensation (Tables) HTML 79K 52: R38 Net Loss Per Share (Tables) HTML 37K 53: R39 Concentrations (Tables) HTML 81K 54: R40 Commitments and Contingencies (Tables) HTML 31K 55: R41 Related Party Transactions (Tables) HTML 98K 56: R42 ORGANIZATION AND PRINCIPAL ACTIVITIES, Reverse, HTML 54K Recapitalization (Details) 57: R43 ORGANIZATION AND PRINCIPAL ACTIVITIES, HTML 68K Subsidiaries Combination (Details) 58: R44 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Plants HTML 42K and Equipment, Net (Details) 59: R45 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, HTML 29K Intangible Assets, Net (Details) 60: R46 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Equity HTML 31K Method Investments (Details) 61: R47 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, HTML 54K Revenue Recognition (Details) 62: R48 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, Income HTML 50K Taxes (Details) 63: R49 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, HTML 30K Foreign Currency Translation (Details) 64: R50 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, HTML 38K Segments (Details) 65: R51 SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES, HTML 28K Non-controlling Interest (Details) 66: R52 Accounts Receivable, Net (Details) HTML 45K 67: R53 Inventories (Details) HTML 36K 68: R54 Prepayment and Other Current Assets, Net (Details) HTML 68K 69: R55 Equity Method Investments (Details) HTML 90K 70: R56 Plants and Equipment, Net (Details) HTML 55K 71: R57 Other Non-Current Assets, Net (Details) HTML 43K 72: R58 Accrued Expenses and Other Current Liabilities HTML 55K (Details) 73: R59 INCOME TAXES, Federal Tax Rate (Details) HTML 40K 74: R60 INCOME TAXES, Components of (Loss) Profit Before HTML 41K Income Taxes (Details) 75: R61 INCOME TAXES, Stautory Income Tax Rate to Income HTML 54K Taxes (Details) 76: R62 INCOME TAXES, Deferred Taxes Assets, Net (Details) HTML 41K 77: R63 INCOME TAXES, Valuation Allowance (Details) HTML 70K 78: R64 Leases (Details) HTML 63K 79: R65 SHARE-BASED COMPENSATION, Share Options (Details) HTML 69K 80: R66 SHARE-BASED COMPENSATION, Share Options Activity HTML 92K (Details) 81: R67 SHARE-BASED COMPENSATION, Assumptions (Details) HTML 62K 82: R68 Ordinary Shares and Restricted Net Assets HTML 46K (Details) 83: R69 Net Loss Per Share (Details) HTML 58K 84: R70 Concentrations (Details) HTML 81K 85: R71 COMMITMENTS AND CONTINGENCIES, Litigation HTML 37K (Details) 86: R72 COMMITMENTS AND CONTINGENCIES, Commitment for HTML 49K Operating Leases not Included in Operating Lease Liability (Details) 87: R73 COMMITMENTS AND CONTINGENCIES, Future Minimum HTML 37K Lease Payment (Details) 88: R74 RELATED PARTY TRANSACTIONS, Related Parties HTML 62K (Details) 89: R75 RELATED PARTY TRANSACTIONS, Transactions (Details) HTML 59K 90: R76 RELATED PARTY TRANSACTIONS, Due from Related HTML 91K Parties (Details) 91: R77 RELATED PARTY TRANSACTIONS, Due to Related Parties HTML 72K (Details) 92: R78 Subsequent Event (Details) HTML 43K 95: XML IDEA XML File -- Filing Summary XML 173K 93: XML XBRL Instance -- brhc10036528_20f_htm XML 2.48M 94: EXCEL IDEA Workbook of Financial Reports XLSX 133K 11: EX-101.CAL XBRL Calculations -- cenn-20211231_cal XML 254K 12: EX-101.DEF XBRL Definitions -- cenn-20211231_def XML 898K 13: EX-101.LAB XBRL Labels -- cenn-20211231_lab XML 2.50M 14: EX-101.PRE XBRL Presentations -- cenn-20211231_pre XML 1.38M 10: EX-101.SCH XBRL Schema -- cenn-20211231 XSD 262K 96: JSON XBRL Instance as JSON Data -- MetaLinks 487± 668K 97: ZIP XBRL Zipped Folder -- 0001140361-22-015755-xbrl Zip 623K

Exhibit 12.1

CERTIFICATIONS

I, Peter Z. Wang, certify that:

1. I have reviewed this Annual Report on Form 20-F of Cenntro Electric Group Limited;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the company as of, and for, the periods presented in this report;

4. The company’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under my supervision, to ensure that material information relating to the company, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the company’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and

(d)

Disclosed in this report any change in the company’s internal control over financial reporting that occurred during the period covered by the annual report that has materially affected, or is reasonably likely to materially affect, the company’s internal control over financial reporting; and

5. The company’s other certifying officer(s) and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the company’s auditors and the audit committee of the company’s board of directors (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the company’s ability to record, process, summarize and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the company’s internal control over financial reporting.

Dated: April 25, 2022

	By:	/s/ *Peter Z. Wang*
		Peter Z. Wang
		Chairman and Chief Executive Officer
		(Principal Executive Officer)

This ‘20-F’ Filing

Date

Other Filings

Filed on:

4/25/22

None on these Dates

For Period end:

12/31/21

List all Filings

As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/01/24 Cenntro Inc. 10-K 12/31/23 117:14M Broadridge Fin’l So… Inc 7/06/23 Cenntro Electric Group Ltd. 10-K/A 12/31/22 105:14M Broadridge Fin’l So… Inc 6/30/23 Cenntro Electric Group Ltd. 10-K 12/31/22 107:14M Broadridge Fin’l So… Inc 9/29/22 Cenntro Electric Group Ltd. 424B3 1:589K Broadridge Fin’l So… Inc 9/19/22 Cenntro Electric Group Ltd. F-3/A 2:785K Broadridge Fin’l So… Inc 8/10/22 Cenntro Electric Group Ltd. F-3 8/09/22 5:663K Broadridge Fin’l So… Inc 8/05/22 Cenntro Electric Group Ltd. 20-F/A 12/31/21 90:11M Broadridge Fin’l So… Inc

As Of Filer Filing For·On·As Docs:Size Issuer Filing Agent 4/04/22 Cenntro Electric Group Ltd. 6-K 4/04/22 2:26K Broadridge Fin’l So… Inc 3/09/22 Cenntro Electric Group Ltd. 6-K 3/09/22 3:403K Broadridge Fin’l So… Inc 1/05/22 Cenntro Electric Group Ltd. 6-K 1/05/22 25:4.6M Broadridge Fin’l So… Inc 11/08/21 Cenntro Electric Group Ltd. 6-K 11/08/21 14:8.6M M2 Compliance LLC/FA 4/30/21 Cenntro Electric Group Ltd. 6-K 4/30/21 6:1.9M M2 Compliance LLC/FA 6/14/19 Cenntro Electric Group Ltd. 20-F 1/31/19 178:53M M2 Compliance LLC/FA

Cenntro Electric Group Ltd. – ‘20-F’ for 12/31/21 – ‘EX-12.1’

On: Monday, 4/25/22, at 4:58pm ET · For: 12/31/21 · Accession #: 1140361-22-15755 · File #: 1-38544

Previous ‘20-F’: ‘20-F’ on 5/18/21 for 1/31/21 · Next & Latest: ‘20-F/A’ on 8/5/22 for 12/31/21 · 13 References:

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer — Form 20-F — SEA’34

Filing Table of Contents

‘EX-12.1’ — Statement re: the Computation of Ratios

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein

7 Subsequent Filings that Reference this Filing

6 Previous Filings that this Filing References

Cenntro Electric Group Ltd. – ‘20-F’ for 12/31/21 – ‘EX-12.1’

On: Monday, 4/25/22, at 4:58pm ET · For: 12/31/21 · Accession #: 1140361-22-15755 · File #: 1-38544

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer — Form 20-F — SEA’34Filing Table of Contents

‘EX-12.1’ — Statement re: the Computation of Ratios

This Exhibit is an HTML Document rendered as filed. [ Alternative Formats ]

Dates Referenced Herein

7 Subsequent Filings that Reference this Filing

6 Previous Filings that this Filing References

Annual or Annual-Transition Report by a Foreign Non-Canadian Issuer — Form 20-F — SEA’34

Filing Table of Contents