Smart Powerr Corp. Announces a $2 Million Registered Direct Offering

(SeaPRwire) –   XI’AN, China, May 19, 2026 — Smart Powerr Corp. (NASDAQ:CREG) (the “Company”) announced today that it has entered into a definitive agreement with certain investors for the purchase and sale of approximately $2 million in the Company’s Common Stock, par value $0.001 per share (the “Shares”), at a price of $0.45 per share in a registered direct offering (the “Offering”).

The gross proceeds to the Company from this offering are expected to be approximately $2 million. The transaction is anticipated to close on or around May 20, 2026, subject to the fulfillment of customary closing conditions.

Univest Securities, LLC is serving as the exclusive placement agent.

The registered direct offering is being conducted under a shelf registration statement on Form S-3 (File No. 333-281639) previously filed by the Company with the U.S. Securities and Exchange Commission (“SEC”) and declared effective on August 27, 2024. A final prospectus supplement and accompanying prospectus outlining the terms of the offering will be filed with the SEC and made available on the SEC’s website at http://www.sec.gov. Electronic copies of the final prospectus supplement and the accompanying prospectus may be obtained, when available, by contacting Univest Securities, LLC at info@univest.us or by calling +1 (212) 343-8888.

This press release does not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sales of these securities in any jurisdiction where such offer, solicitation, or sale would be unlawful prior to registration or qualification under applicable securities laws. Copies of the prospectus supplement related to the registered direct offering, along with the accompanying base prospectus, will be filed by the Company and, once filed, will be accessible on the SEC’s website at www.sec.gov.

About Smart Powerr Corp.

Smart Powerr Corp. is headquartered in Xi’an, China, and was once a pioneer in waste energy recycling and the development of energy efficiency solutions for various energy-intensive industries in China. Utilizing the Build-Operate-Transfer (“BOT”) model, the Company provides energy-saving and recovery facilities to multiple energy-intensive sectors across China. Its waste energy recycling projects enable customers—who consume substantial amounts of electricity—to capture previously wasted pressure, heat, and gas from their manufacturing processes to generate electricity. The Company is currently transforming and expanding its business into an integrated energy storage solutions provider. It plans to pursue disciplined and targeted expansion strategies into new market segments it does not currently serve. The Company actively seeks and explores opportunities to apply energy storage technologies to high-growth industries or segments, including industrial and commercial complexes, large-scale photovoltaic (PV) and wind power stations, remote islands without reliable electricity, and smart energy cities utilizing multi-energy supply systems.

Forward-Looking Statements

Certain statements contained in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements through words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to,” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent events or circumstances or changes in its expectations, except as required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot guarantee that such expectations will prove correct. The Company cautions investors that actual results may differ materially from anticipated results and encourages them to review other factors that could impact its future performance in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

Smart Powerr Corp.

Adeline Gu

+86-29-8765-1097

4/F, Tower C

Rong Cheng Yun Gu Building, Keji 3rd Road, Yanta District

Xi’an City, Shaanxi Province, China