Chijet Reveals Date for Share Consolidation Implementation

Share Consolidation Announcement: Chijet Motor Company, Inc. will implement a 100-for-1 share consolidation of its ordinary shares on November 3, 2025, following shareholder approval at the annual general meeting.

Change of Company Name: The company plans to change its name to "Digital Currency X Technology Inc." pending approval from the Cayman Registrar, alongside the share consolidation.

Impact on Shareholders: The share consolidation will affect all shareholders uniformly, with no action required from those holding shares in book-entry form or through brokers, and no fractional shares will be issued.

Future Expectations: Chijet anticipates that the share consolidation will increase the market price per share of its class A ordinary shares, reflecting the company's ongoing commitment to enhancing shareholder value.