Solidion Technology, Inc. announced on August 31, 2026, that it has expanded its Board of Directors from four to seven members and appointed three new independent directors. The company also updated the composition of its board committees and confirmed that it has regained compliance with Nasdaq listing standards.

The newly appointed directors are Mark Schwartz, Kimi L. Ellen, and Dante W. Robinson. The Board determined that each of these individuals is independent under applicable SEC and Nasdaq rules and qualifies as an "audit committee financial expert." Their appointments are intended to strengthen the financial, audit, and governance expertise of the Board.

Mark Schwartz has been appointed as a Class I director and will serve as the Chair of the Compensation Committee. He brings over 36 years of leadership experience in the consumer, technology, and healthcare industries. Mr. Schwartz previously served on the board of Starbucks Corporation and currently serves as Chair of the Audit Committee and a member of the Compensation Committee at Onfolio Holdings, Inc.

Kimi L. Ellen has been appointed as a Class II director. She is the Managing Partner and CEO of Benford Brown & Associates, LLC, a certified public accounting firm. Ms. Ellen is a CPA and an NACD Certified Director. She will serve on the Compensation Committee and the Audit Committee.

Dante W. Robinson has been appointed as a Class III director. He is a financial and audit leader with more than 30 years of experience, currently serving as Chief of Internal Affairs at the State Compensation Insurance Fund. Mr. Robinson will serve on the Nominating and Corporate Governance Committee and the Audit Committee.

In connection with these appointments, the Board restated the composition of its committees. The Audit Committee will be chaired by Karin-Joyce Tjon and include Ms. Ellen and Mr. Robinson. The Compensation Committee will be chaired by Mr. Schwartz and include Ms. Ellen and John Davis. The Nominating and Corporate Governance Committee will be chaired by Mr. Davis and include Mr. Robinson and Ms. Tjon.

The Board also adopted non-employee director compensation arrangements. Each non-employee director is set to receive an annual grant of restricted stock units (RSUs) valued at $100,000, vesting in one-third increments over three years. Additionally, quarterly cash compensation will be provided for committee service, with amounts varying by committee role.

As a result of the Audit Committee appointments, Solidion has regained compliance with Nasdaq Rule 5605(c)(2)(A), which requires the Audit Committee to be composed of at least three directors.