AXT stockholders approve 71% increase in authorized common stock to 120M

upon receipt of approval by a majority of stockholders of record entitled to vote at the 2026 Meeting as of the record date, on June 4, 2026, the Company filed a certificate of amendment (the “Amendment”) to its Restated Certificate of Incorporation, as amended (the “Restated Certificate of Incorporation”) with the Secretary of State of the State of Delaware to increase the number of authorized shares of common stock of the Company from 70,000,000 to 120,000,000, effective upon filing.

Proposal 4: Approval of an amendment to the Company’s Restated Certificate of Incorporation, as amended, to increase the authorized shares of common stock from 70,000,000 to 120,000,000 (the “Amendment Proposal”): For Against Abstain 26,991,579 1,870,385 45,259 The Amendment Proposal was approved.

Proposal 1: Election of two (2) Class I directors to hold office for a three-year term and until their successors are elected and qualified: Name of Director For % Withheld % Broker Non-Votes Dr. Morris Young 18,418,094 98.26% 326,349 1.74% 10,162,780 Dr. David Chang 15,937,028 85.02% 2,807,414 14.98% 10,162,780 Dr. Morris Young and Dr. David Chang were duly elected as Class I directors.

Proposal 5: To approve the adjournment of the annual meeting if necessary or advisable to solicit additional proxies in favor of Amendment Proposal if there are insufficient votes at the time of the annual meeting to approve the Amendment Proposal (the “Adjournment Proposal”): For Against Abstain 26,383,217 2,475,288 48,718 The Adjournment Proposal was approved.

Proposal 3: Ratification of the appointment of BPM as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026: For Against Abstain 28,619,471 247,944 39,808 The appointment of BPM as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2026, was ratified.

Proposal 2: Advisory vote on executive compensation: For Against Abstain Broker Non-Votes 18,256,842 410,844 76,757 10,162,780 The compensation of the Company’s named executive officers, as disclosed in the Company’s definitive proxy statement filed with the Securities and Exchange Commission on March 31, 2026, was approved on an advisory basis.