Phoenix Motor shareholders approve all five proposals at 2023 annual meeting

Stockholders approved and ratified the appointment of Marcum Asia CPAs, LLP to serve as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2023. The voting results were as follows: For Against Abstentions 18,993,427 1,058 1,802

Stockholders approved the Nasdaq Proposal for the potential issuance of shares of common stock to the holders of certain convertible promissory notes and warrants in excess of 19.99% of the Company’s outstanding shares of common stock pursuant to the Nasdaq Listing Rules. The voting results were as follows: For Against Abstentions 17,804,820 142,345 1,271

Stockholders approved on an advisory basis, the compensation paid to the Company’s named executive officers, as disclosed in the Company’s proxy statement pursuant to Item 402 of Regulation S-K, including the compensation tables and accompanying narrative disclosure. The voting results were as follows: For Against Abstentions 17,703,726 243,218 1,492

Stockholders elected the Company’s five nominees for director each to serve until the 2024 annual meeting of stockholders or until their respective successor is elected and qualified. The voting results were as follows: For Withheld Xiaofeng Denton Peng 17,941,921 6,515 HoongKhoeng Cheong 17,941.531 6,905 John F. Perkowski 17,944,546 3,890 Steven E. Stivers 17,940,736 7,700 Sam Van 17,939,629 8,807

Stockholders approved an amendment to the terms of the Company’s 2021 Omnibus Incentive Plan (the “2021 Plan”) to provide for an additional 1,800,000 shares to be issued in connection with awards granted thereunder. The voting results were as follows: For Against Abstentions 17,564,441 382,858 1,137