Phoenix Motor Inc. held its 2025 Annual Meeting of Stockholders on December 23, 2025. At the meeting, stockholders elected five directors to the board. Stockholders also approved the appointment of Summit Group CPAs as the company's independent auditor for the fiscal year ending December 31, 2025. In addition, stockholders approved a reverse stock split of common stock at a ratio of up to 1-for-10 shares and an amendment to the company's certificate of incorporation to reflect the split. A proposal to amend the company's bylaws to reduce the quorum requirement for shareholder meetings to one-third of the shares entitled to vote was also approved.

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