FREEHOLD, N.J.--( BUSINESS WIRE )-- Cenntro Electric Group Limited (NASDAQ: CENN) ("Cenntro" or "the Company"), a leading electric vehicle technology company with advanced, market-validated electric commercial vehicles, today announced it received a written notices (the "Notices") from The Nasdaq Stock Market LLC ("Nasdaq") on July 11, 2023 stating that subsequent to the filing of our form 10-K for the fiscal year ended December 31, 2022 (the "Form 10-K") with the United States Securities and Exchange Commission (the "SEC") on June 30, 2023, Nasdaq has (i) determined that for the purposes of the submission of the Company's Form 10-K the Company complies with Nasdaq listing rule 5250(c)(1) (the "Rule"), and (ii) granted us an exception to enable the Company to regain compliance with the Rule. The exception to the Rule grants the Company additional time to submit its quarterly financial results on form 10-Q for the periods ended March 31, 2023 and June 30, 2023 (the "10-Q Results") on or before August 15, 2023.