PhoneX Holdings, Inc. Announces Board Change and Adoption of Long-Term Incentive Plan

New York, NY, November 25, 2025 (GLOBE NEWSWIRE) — PhoneX Holdings, Inc. (“PhoneX” or the “Firm”) (OTC Pink: PXHI) at the moment introduced that it has appointed Vijay Ganapathy to its Board of Administrators, efficient November 20, 2025. Mr. Ganapathy succeeds Scott Tepfer, who has resigned from his place as President and Govt Vice President of the corporate.

Mr. Ganapathy is at the moment the corporate’s Chief Innovation Officer and beforehand served as Chief Know-how Officer for over 13 years. Mr. Tepfer stays with We Promote Mobile LLC (“We Promote Mobile”) after Itochu Company bought a majority stake in We Promote Mobile from the corporate earlier this yr for $47.7 million.

Approval of a long-term bonus incentive plan

The Board of Administrators has accepted and adopted a complete Lengthy-Time period Money Bonus Incentive Plan (the “Plan”), which establishes a performance-based money bonus program designed to align worker and repair supplier incentives with the creation of long-term shareholder worth.

The Plan gives bonus funds solely upon the achievement of measurable value-creating occasions, together with main company transactions and shareholder distributions. A replica of the Plan might be posted on the Firm’s disclosure web page on the OTC Markets web site: https://www.otcmarkets.com/stock/PXHI/disclosure.

Beneath the Plan, eligible contributors (“Individuals”) could also be chosen by the Plan Administrator to obtain Money Bonus Award funds. These rewards aren’t assured and can solely develop into payable if the Firm completes a qualifying “Transaction” – together with a dividend distribution, merger, consolidation or sale of property or inventory – that ends in combination distributions to shareholders (“Combination Distributions”) in extra of the predetermined Distribution Thresholds. The whole distributions don’t embrace the particular dividend the corporate paid earlier this yr.

As of the date of this press launch, money bonuses awarded to Individuals symbolize roughly 5% of Whole Distributions at decrease transaction thresholds and are rising progressively, with Individuals receiving as much as 15% of Whole Distributions for extraordinary outcomes.

About PhoneX Holdings, Inc.

PhoneX Holdings, Inc. is a expertise firm that drives the worldwide wholesale of second-hand cellular units. The main SaaS platform helps carriers, producers and distributors handle stock, optimize gross sales and increase buyer networks. By driving effectivity, transparency and scale, PhoneX allows companions to maximise worth within the cellular secondary market.

Contact

Jayme White
PhoneX Holdings, Inc.
Cellphone: (336) 408-9637
E-mail: jayme@phonexinc.com