Phoenix Motor shareholders approve reverse stock split authorization and increased share reserve for equity plan

PHOENIX MOTOR INC.

All five director nominees elected with over 23.2M votes for each.
Ratification of Yu CPA as auditor for FY2024 approved; 23.2M for, 16.2K against.
Advisory say-on-pay passed; 21.67M for, 1.60M against.
2021 Equity Incentive Plan amended to increase authorized shares to 20% of fully diluted outstanding; 20.2M for.
Reverse stock split (1:1.5 to 1:5) authorized to maintain Nasdaq listing; 22.16M for, 1.15M against.

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