Peter Z. Wang
Managing Director and Chairman of the Board of Directors

Peter Z. Wang founded CAG, the parent company of Cenntro, and served as its Chief Executive officer since 2013. Mr. Wang began serving as Managing Director, Chairman of the Board, and Chief Executive Officer of Cenntro since it has been listed on Nasdaq in December 2021. Mr. Wang is an entrepreneur and investor in the electric vehicle and technology industries, and has founded or co-founded a number of companies in his career, including UTStarcom (a global telecom infrastructure provider), which went public in 2000, World Communication Group, an international telecommunication company, and Sinomachinery Group, a diesel power system (engine and transmission) manufacturer. Mr. Wang was named one of the Outstanding 50 Asian Americans in Business by Asian American Business Development Center in 2004, one of China’s 100 Most Innovative Businessmen by Fast Company Magazine in 2017, and one of the Most Intriguing Entrepreneurs by Goldman Sachs in 2019. Mr. Wang is also the chairman of the board of directors of Cenntro Enterprise Limited, a principal stockholder of the Company, and Greenland Technologies Holding Corp. (NASDAQ: GTEC), a transmission products manufacturing company. Mr. Wang holds Bachelor of Science degrees in Computer Science and Math, as well as a Master of Science degree in Electrical Engineering, from the University of Illinois at Chicago. Mr. Wang also holds a Master of Business Administration from Nova Southeastern University. We believe Mr. Wang is qualified to serve on our board of directors due to his extensive leadership and management experience, including his experience serving as founder and Chairman and Chief Executive Officer of CAG.

Chairman of the Board
Benjamin B. Ge
Independent Director
Benjamin Ge became a member of the board of directors since Cenntro’s Annual General Meeting on Tuesday, May 31, 2022. Mr. Ge has extensive corporate finance and private equity experience. Since 2019, Mr. Ge has been the Chief Financial Officer of the New Century Science & Technology Limited. Mr. Ge was a Managing Director at Citic Capital Holdings Limited from 2016 until 2019 and was a Regional Head (China) of Sequoia Capital Operations LLC from 2010 through 2016. Mr. Ge was Vice President of JP Morgan’s Global Special Opportunity Group from 2007 to 2009 and Vice President of UniCredit China Capital Ltd. from 2005 to 2007.
Member of the Audit Committee
Member of the Compensation Committee
Member of the Nominating Committee
Chris Thorne
Independent Director
Chris Thorne became a member of the board of directors since Cenntro has been listed on Nasdaq on December 30, 2021, and serves on each of our audit committee, compensation committee and nominating committee. Mr. Thorne has served as Chairman of the Board of Broadline Capital, a global private equity firm focused on growth capital and impact investments primarily in Asia and North America, since 2005. Mr. Thorne has been the Chairman of the Board for Cytonus Therapeutics since November 2019, Endosphere, Inc. since December 2010 and has been the Chairman of the Board of Powermers, Inc. since January 2010. Mr. Thorne received his Juris Doctor from Harvard Law School with honors, Master of Business Administration from Harvard Business School with final year honors, and a Bachelor’s degree from Harvard University, magna cum laude, where he founded the Harvard Negotiation Law Review and served as president of the university-wide student government. We believe Mr. Thorne is qualified to serve on our board of directors due to his substantial private equity and board of directors experience.
Chair of the Audit Committee
Member of the Compensation Committee
Member of the Nominating Committee
Joe Tong
Independent Director

Joe Tong became a member of the board of directors since Cenntro has been listed on Nasdaq on December 30, 2021, and serves on each of our audit committee, compensation committee and nominating committee. Mr. Tong co-founded MeetChina, a leading B2B e-commerce website for China in 1998 and served as its Chief Executive Officer and Director from 1998 to 2003. In 2007, Mr. Tong joined TELSTRA Sensis as its President of China, and helped build Fang.com (NASDAQ: SFUN), a leading real-estate company website in China, and Autohome Inc. (NYSE: ATHM), a leading automotive company website. In 2016, Mr. Tong joined Ford Motor Company as its Head of Smart Mobility, China. Mr. Tong holds a Bachelor’s degree in Computational Mathematics from Nanjing University, and a Master of Business Administration in Finance and Strategic Marketing from the University of Pennsylvania’s Wharton School of Business. We believe Mr. Tong is qualified to serve on our board of directors due to his past experience with business-to-business enterprises and in the automotive industry.

Member of the Audit Committee
Chair of the Compensation Committee
Chair of the Nominating Committee
Justin Davis-Rice
Director
Justin Davis-Rice has been a member of NBG’s board of directors since its formation in May 2017 and has served as its Executive Chairman from April 2019 until December 2021. Prior to becoming Executive Chairman, Mr. Davis-Rice served as NBG’s Chief Executive Officer and as the Chief Executive Officer of Bendon (commencing in May 2010). As Chief Executive Officer of NBG, he transformed the company through an operational restructuring and a re-engineering of key functional and operational aspects of the business including, supply chain, human resources, design and development, sourcing, wholesale and retail sales. Mr. Davis-Rice resigned from all director and officer positions with us as of the closing of the Combination, other than continuing as a director of the Company. Prior to joining the Company, Mr. Davis-Rice co-founded Pleasure State, an intimate apparel company which he merged with Bendon Limited in May 2010. Mr. Davis-Rice helped turn Pleasure State into a business with multi-million-dollar earnings. The Company believes Mr. Davis-Rice’s experience as a former chief executive officer makes him well suited to serve as a member of the board of directors.

 

Board Diversity Matrix for Cenntro Electric Group Limited

As of 08/02/2022

To be completed by Foreign Issuers (with principal executive offices outside of the U.S.) and

Foreign Private Issuers

Country of Principal Executive Offices

U.S.A.

Foreign Private Issuer

 

Yes

Disclosure Prohibited Under Home Country Law

No

Total Number of Directors

5

 

 

Female

 

Male

 

Non-Binary

 

Did Not Disclose Gender

Part I: Gender Identity

Directors

0

5

0

0

Part II: Demographic Background

Underrepresented Individual in Home Country Jurisdiction

 

4

LGBTQ+

0

Did Not Disclose Demographic Background

0