Sharing Economy International completes reverse acquisition of Light Across, an EV startup; issues 4.998B shares

SHARING ECONOMY INTERNATIONAL INC.

• Issued 4,998,838,436 shares (80% of post-deal total) to acquire all Light Across shares; Light Across becomes wholly-owned subsidiary.
• Ximing Huang (CEO/Chairman) acquires 65.6% beneficial ownership; Johnny Chen (CFO) acquires 11.5%.
• Light Across has minimal revenue ($80k in 2025), net loss of $102k, and going concern doubt from auditors.
• Light Across is an EV engineering/design company with no commercial vehicle production yet; plans US production.
• Company now has only 2 non-employee officers; expects to need additional funding.