Announcement of Share Split and Partial Amendments to the Articles of Incorporation
in Conjunction with the Share Split

SHIFT Inc. (the “Company”) hereby announces that it has resolved, at a meeting of the Board of Directors held on December 24th, 2024, the Company resolved to conduct a share split and make a partial revision to its Articles of Incorporation in conjunction with the share split.

1.Purpose of Share Split
The purpose of the stock split is to lower the stock price per investment unit to create a more investor-friendly environment, thereby increasing the liquidity of the Company’s stock and expanding its base of investors who sympathize with the Company’s corporate philosophy and business policy and growth strategy.

Please refer to the link below for further information.
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