iPower (IPW) EGM 2026 summary

Opening remarks and agenda

• Meeting called to order at 10:01 A.M. Eastern Time on September 21, 2026, with a virtual format to increase inclusivity.

• Agenda and order of business provided to all attendees; introduction of board and key executives.

• Stockholders instructed on Q&A procedures and meeting recording policies.

Specific resolutions to be voted on

• Proposal 1: Approval for issuance of more than 20% of outstanding common stock for potential private placement or registered offering.

• Proposal 2: Approval of an amendment for a reverse stock split at a ratio up to 1:250, at the board's discretion, to maintain Nasdaq compliance.

• Proposal 3: Approval of a Third Amended and Restated 2020 Equity Incentive Plan, increasing reserved shares to 50 million and adding a 5% annual evergreen increase for 10 years.

• Proposal 4: Approval to adjourn the meeting if necessary due to insufficient votes or lack of quorum.

• Proposal 5: Approval to transact any other business properly presented at the meeting.

Board and executive committee updates

• Board member Bennet Tchaikovsky and Corporate Controller Alice Wu introduced as present.

• Alice Wu appointed as Inspector of Election and meeting secretary.