Item 5.02
| Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers. |
On
May 3, 2022, Mr. Simon Tripp, the Class III director of Cenntro Electric Group Limited ACN 619 054 938 (the
“Company”), notified the board of directors of
the
Company (the
“Board”) of his intention to resign as a director, effective immediately prior to the Annual General Meeting of
the Company, to be held on
May 31, 2022. Mr. Tripp was appointed as a non-executive director on
January 19, 2021 and was then appointed as a non-executive Class III director on
December 30, 2021 pursuant to resolutions adopted at
the Company’s Extraordinary General Meeting held on
December 21, 2021 in connection with the stock purchase transaction of
the Company (formerly Naked Brand
Group Limited) with respect to the three entities that comprise the Cenntro Automotive Group.
On
May 3, 2022, the Nominating Committee of the Board considered and recommended to the Board that it nominate Mr. Benjamin Ge for election as the Class III director to serve until the 2025 annual general meeting of shareholders of
the Company. In addition, on
May 3, 2022, the Board approved the nomination of Mr. Ge as the Class III director and recommended that the shareholders approve the election of Mr. Ge as the Class III director.
Mr. Tripp’s
resignation was not the result of any dispute or disagreement with
the Company or the Board or any matter relating to the operation, policies or practices of
the Company.
On
May 5, 2022,
the Company issued a
press release announcing that
it is convening its Annual General Meeting on
May 31, 2022 at 8:00 a.m. (Eastern Daylight Time) (8:00 p.m. Shanghai Time and 10:00 p.m. Australian Eastern Time), to be held at the Hyatt Regency Jacksonville Riverfront in Jacksonville, Florida.
The Notice of Meeting and Explanatory Memorandum for the Annual General Meeting and proxy card are furnished herewith as
Exhibit 99.1 and 99.2, respectively, to this Report of Foreign Private Issuer on Form 6-K.
The
Company’s Annual Report on Form 20-F for the year ended
December 31, 2021, filed with the Securities and Exchange Commission on
April 25, 2022 (Eastern Daylight Time) and
the Company’s Annual Report for the year ended
December 31, 2021, prepared in accordance with the Australian Corporations Act 2001 (Cth), as lodged with the Australian Securities and Investments Commission on
April 26, 2022 (Australian Eastern Time) are available on
the Company’s investor relations
website at ir.cenntroauto.com
and at
https://www.cstproxy.com/cenntro/2022. Alternatively, shareholders may request copies of such materials from
the Company’s transfer agent, Continental Stock Transfer & Trust Company, by emailing
proxy@continentalstock.com.
