Smart Powerr Corp. (NASDAQ: CREG) ("CREG" or "the Company"), today announced that it has resolved to effect a reverse stock split of the Company's outstanding common stock, par value $0.001 per share (the "Common Stock")

Smart Powerr Corp. (NASDAQ:CREG) ("CREG" or "the Company"), today announced that it has resolved to effect a reverse stock split of the Company's outstanding common stock, par value $0.001 per share (the "Common Stock") with the split ratio set at 1-for-10 (the "Reverse Stock Split").

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. However, there can be no assurance that the Company will be able to timely regain or maintain compliance with Nasdaq's continued listing requirement. CREGs Common Stock is traded under the symbol "CREG."

Upon the effectiveness of the Reverse Stock Split, every ten shares of issued and outstanding Common Stock before the close of business on June 15, 2026 will be combined into one issued and outstanding share of Common Stock, with no change in par value per share. The Company's Common Stock will open for trading on NASDAQ on June 16, 2026 on a post-split basis. The new CUSIP number for the Company's Common Stock post-Reverse Stock Split is 168913507.

The Company has decided to round up to the next full share of the Company's Common Stock any fractional shares resulting from the Reverse Stock Split. Accordingly, this adjustment will reduce the total number of issued and outstanding shares of the Company's Common Stock from approximately 27.5 million to approximately 2.75 million.

The Reverse Stock Split will affect all issued and outstanding shares of the Company's Common Stock, as well as the number of shares of Common Stock available for issuance under the Company's outstanding stock options and warrants. The Reverse Stock Split will reduce the number of shares of Common Stock issuable upon the exercise of stock options or warrants outstanding immediately prior to the Reverse Stock Split and correspondingly increase the respective exercise prices. The Reverse Stock Split will affect all stockholders uniformly and will not alter any stockholder's percentage interest in the Company's equity, except to the extent that the Reverse Stock Split results in some stockholders experiencing an adjustment of a fractional share as described above.