Smart Powerr announces effective date of reverse stock split

Smart Powerr (CREG) announced that it has resolved to effect a reverse stock split of the Company’s outstanding common stock, par value $0.001 per share with the split ratio set at 1-for-10. The Reverse Stock Split is primarily intended to bring the Company into compliance with the minimum bid price requirement for maintaining its listing on the Nasdaq Capital Market. Upon the effectiveness of the Reverse Stock Split, every ten shares of issued and outstanding Common Stock before the close of business on July 17, 2025 will be combined into one issued and outstanding share of Common Stock, with no change in par value per share.