Phoenix Motor implements 1-for-5 reverse stock split effective July 31, 2025

PHOENIX MOTOR INC.

Reverse split ratio 1-for-5, effective 4:01 PM ET July 31, 2025; trading on split-adjusted basis on OTC Pink (PEVM) Aug 1, 2025.
Shares outstanding will decrease from approx. 49.5M to approx. 9.9M; par value unchanged at $0.0004.
No fractional shares issued; holders with paper certificates may exchange via transfer agent VStock Transfer.
New CUSIP number 71910P 302; stockholder percentage ownership unchanged except for fractional share rounding.

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