Focus Universal secures voluntary lock-up on ~59.3% of shares until Aug 2023; product refresh underway

FOCUS UNIVERSAL INC.

5%+ shareholders voluntarily locked up ~59.3% of outstanding shares until August 30, 2023.
Company phasing out lower-margin products; new higher-technology product line to launch in phases.
CEO Desheng Wang to ring Nasdaq closing bell on August 30, 2022, marking one-year anniversary.
Inclusion in Russell 2000 index noted as validation of company strength.
No financial results or guidance provided; update is operational and strategic.

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