Phoenix Motor Inc. CFO Michael Yung resigns; CEO Denton Peng assumes interim CFO role

PHOENIX MOTOR INC.

CFO Michael Yung resigned effective August 2, 2025, for personal reasons, with no disagreements.
CEO Denton Peng will serve as interim principal financial officer and principal accounting officer.
Board will conduct a search for a new CFO, evaluating internal and external candidates.

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