Phoenix Motor Inc. 2025 Annual Meeting of Stockholders Summary

Phoenix Motor Inc. held its 2025 Annual Meeting of Stockholders on December 23, 2025, with approximately 82.38% of outstanding shares represented. Stockholders voted on four proposals. All five director nominees were elected. The appointment of Summit Group CPAs as the independent registered public accounting firm for the fiscal year ending December 31, 2025, was ratified. Stockholders approved a reverse stock split of up to 1-for-10 shares and a corresponding amendment to the charter of incorporation, primarily to meet Nasdaq listing requirements. Additionally, a bylaw amendment reducing the quorum requirement for shareholder meetings to one-third of the shares entitled to vote was ratified. The meeting was presided over by CEO and Chairman of the Board, Xiaofeng Denton Peng.