Recent Updates — SEII

Sharing Economy International Inc. consummated a transaction on August 11, 2026, issuing one share of newly designated Series B Preferred Stock to Chairman and CEO Ximing Huang under a Non-Employee Director Agreement. This preferred share carries voting power equal to 51% of all outstanding common stock, granting Mr. Huang approximately 83.1% total voting control when combined with his existing 65.6% common equity ownership. The filing also details the July 11, 2026 amendment to the Articles of Incorporation designating this blank check preferred stock and highlights risks related to concentrated control, potential exclusion from major stock indices, and anti-takeover provisions. Sharing Economy International Inc. operates in the sharing economy sector.

Sharing Economy International Inc. completed a reverse acquisition of Light Across, Inc., an electric vehicle engineering, design, and manufacturing company, on August 2, 2026. The Company issued 4,998,838,436 shares of common stock to acquire all outstanding shares of Light Across, representing 80% of the combined entity's post-transaction equity. CEO Ximing Huang acquired approximately 65.6% beneficial ownership, and CFO Johnny Chen acquired 11.5%. Light Across had $99,372 in cash and a stockholders' deficit of $(626,068) as of March 31, 2026. The company operates in the electric vehicle industry.