Phaos Technology Holdings (Cayman) Limited Provides Updated Response to Unusual Market Action

SINGAPORE, June 03, 2026 (GLOBE NEWSWIRE) -- Phaos Technology Holdings (Cayman) Limited, (NYSE: POAS), (“the Company”), an advanced microscopy solutions headquartered in Singapore, announced today that the Company had become aware of unusual trading activity in its class A ordinary shares on the New York Stock Exchange American (the "NYSE") from May 29, 2026 to June 1, 2026. The Company is issuing this updated press release pursuant to Section 401(d) of the NYSE Company Guide. The Company has made inquiries and has been unable to determine whether corrective actions are appropriate at this time. The Company is further announcing that there has been no material development in its business and affairs not previously disclosed or, to its knowledge, any other reason to account for the unusual market action.