Chief Operating Officer — Bill Bauer: Bill Bauer was promoted to Chief Operating Officer.

Other Events. On November 4, 2025, the Board of Directors of Franklin Wireless Corp. (the “Company”) declared a cash dividend of $0.04 per share of the Company’s common stock. The dividend is payable on December 2, 2025 to stockholders of record as of November 14, 2025. The declaration and payment of any future dividends will be at the discretion of the Board of Directors and will depend upon the Company’s financial condition, results of operations, capital requirements, and other factors the…

Entry into a Material Definitive Agreement. On May 8, 2025 the Company entered into an agreement with OC Kim, its Chief Executive Officer and a director, by which the Company agreed to repurchase fully-vested options to purchase 200,000 shares of the Company’s Common Stock from Mr. Kim for $746,066.67. The options had been granted under the Company’s 2020 Stock Option Plan. The transaction is scheduled to close on May 15,2025. 2 SIGNATURE Pursuant to the requirements of the Securities Exchang…

Director — Gary Nelson: Mr. Gary Nelson resigned from the Board of Directors, and Ira Greenstein was appointed to replace him.

Interim Chief Financial Officer — Reid Granados: Bill Bauer resigned as acting Chief Financial Officer but continues in other roles, and Reid Granados was appointed as Interim Chief Financial Officer.

Entry into a Material Definitive Agreement. On October 2, 2024, the Board of Directors (the “Board”) of Franklin Wireless Corp. (the “Company”) approved a form of Indemnification Agreement and authorized the Company to enter into such Indemnification Agreements with each of the directors and officers of the Company. These indemnification agreements require the Company to indemnify its directors and officers for certain expenses, including reasonable attorneys’ fees, judgments, fines, penaltie…

Entry into a Material Definitive Agreement. Definitive Settlement Agreements Executed in Settlement of Derivative Litigation Background As previously disclosed, a legal action was filed in the U.S. District Court, Southern District of California (San Diego) against Franklin, as a nominal defendant, Nosirrah Management LLC v. Franklin Wireless et al. (Case # 3:21-cv-01316-CAB-JLB), on or about July 22, 2021, claiming that our Chief Executive Officer, OC Kim, violated Section 16(b) of the Secur…

Entry into a Material Definitive Agreement. On May 14, 2024, the Company entered into an Agreement for Formation of Corporation (the “Agreement”) with MeiG Smart Technology Co., Ltd. (“MeiG”), a leading supplier of cellular modules, IoT terminals and wireless data solutions. Under the terms of the Agreement, the Company and MeiG will form a Nevada corporation to be owned 60% by Franklin and 40% by MeiG. Franklin will contribute $3,000,000 to the new corporation and MeiG will contribute $2,000…

Changes in Registrant's Certifying Accountant. (a) Resignation of Independent Registered Public Accounting Firm. On October 20, 2023, Kreit & Chiu CPA LLP (“K&C”) was dismissed as independent registered public accounting firm for Franklin Wireless Corp. (the “Company”). The audit reports of K&C on the consolidated financial statements of the Company for each of the two most recent fiscal years ended June 30, 2023 and June 30, 2022 did not contain an adverse opinion or a disclaimer of opinion…

Senior Vice President of Sales — David Lee: David Lee was internally promoted to Senior Vice President of Sales.

Entry into a Material Definitive Agreement. Definitive Settlement Agreements Executed in Settlement of Class Action Litigation Background As previously disclosed, on April 16, 2021, an action was filed in the United States District Court for the Southern District of California against the Company and two of its officers relating to the timing of the disclosure of a recall of certain Jetpack products supplied by the Company to Verizon. On September 15, 2021, the court appointed a lead plaintif…

Chief Financial Officer — David Brown: David Brown resigned as acting Chief Financial Officer to pursue other opportunities.

Entry into a Material Definitive Agreement. On March 21, 2022, Franklin Wireless Corp. (the “Company”) entered into a Loan Agreement with Franklin Technology Incorporation, a Republic of Korea corporation (“FTI”), under which the Company agreed to loan US$10,000,000 to FTI. The Company owns a majority of the outstanding equity of FTI. FTI’s primary business is providing design and development services to the Company for our wireless products. As part of the loan transaction, FTI delivered a $…

The filing details the renewal of management and change of control agreements, which are routine administrative matters.

Director — Mr. Joon Won Jyoung: Mr. Joon Won Jyoung resigned from the Board of Directors and was replaced by Ms. Kristina Kim.

Changes in Registrant's Certifying Accountant. (a) Dismissal of Independent Registered Public Accounting Firm. On October 9, 2020 Haskell & White LLP (“H&W”) was dismissed as independent registered public accounting firm for Franklin Wireless Corp. (the “Company.”) The audit reports of H&W on the consolidated financial statements of the Company for each of the two most recent fiscal years ended June 30, 2020 and June 30, 2019 did not contain an adverse opinion or a disclaimer of opinion and w…

The filing details the renewal of existing Change in Control Agreements for senior executives.

Entry into a Material Definitive Agreement. On September 10, 2020, Franklin Wireless Corp. (the “Company”) entered into Subscription Agreements with two accredited investors (the “Investors”), pursuant to which the Company sold and issued to the Investors an aggregate of 923,078 shares of Common Stock at a purchase price of $6.50 per share. The $6,000,007 aggregate purchase price for these Units was paid in cash to the Company. No commissions or fees were paid as part of these transactions.

Unregistered Sales of Equity Securities. The information disclosed in

Director and Audit Committee Member — Ms. Heidy Chow: Ms. Heidy Chow was appointed to the Board of Directors and Audit Committee.