Cenntro Inc.

We currently own one facility in Changxing, China, which is approximately 737,413 square feet, and is primarily used for engineering and production of vehicle kits of the Metro® and assembly of certain ECV models for export and logistics operations. We currently lease eleven facilities and offices located in the United States, Germany, Mexico and China. One of our United States facilities located in Howell, New Jersey, is approximately 41,160 square feet and is used primarily for the production of our Logistar™ 300, Logistar™ 400, and Logistar™ 450 model and warehousing. Our second existing facility in Freehold, New Jersey is approximately 2,600 square feet and is used as our corporate headquarters. Our leased China facility is located in Hangzhou, Zhejiang Province, with approximately 15,456 square feet of office space primarily used as regional headquarters, as well as for research and development, supply-chain management, and sales operations.

In January 2022, we established a European Operations Center in Dusseldorf, Germany, which provides marketing support, after-market support and spare-parts warehousing for the European market. Our European Operations Center is approximately 27,220 square feet.

We established a local assembly facility and EV Center in Ontario, California. The assembly factory is where we plan to assemble the Logistar™ 350, Logistar™ 400, Logistar™ 450 and the Teemak™ for eventual sale in the United States West Coast market. We began trial assembling operations at the Jacksonville facility in July 2024. Our California based assembly facility and EV Center is approximately 64,000 square feet and is our flagship EV Center for sales and support functions.

In connection with our acquisition of TME, we utilize TME’s facility in Herne, Germany, where we are expanding local assembly capacity in the European Union for production of our European ECV models, including the Teemak® and Logistar™ series, in addition to the Metro®. In June 2024, we decided to terminate the Herne facility to improve operating efficiency. While, in August 2022, we leased a 3,471 square feet facility in Barcelona, Spain for EV center and spare-parts fulfillment purpose.

In November 2022, we leased a 112,694 square feet manufacturing facility located in the Aero Industrial Park in Monterrey, Mexico that will house our wholly owned Mexican subsidiary, Cennatic Energy, S. DE R.L. DE C.V. (“Cennatic Energy”). Cennatic Energy will manufacture lithium-ion batteries for electric commercial vehicles. The purpose of the facility is to enhance the independence of our supply chain for essential components. At date of the report, we are closing battery manufacturing facility in Monterrey, Mexico and considering relocating the operations to the United States. In addition, in the first quarter 2023, we leased a 26,579 square feet facility in Colombia, and 10,656 square feet facility in Dominic Republic as warehouse and offices, as we try to extend our market into South America