Chijet Motor Company Annual General Meeting; Reverse Split Approved – Notice Important Internet

NEW YORK, June 28, 2024 (GLOBE NEWSWIRE) — Chijet Motor Company, Inc. (NASDAQ: CJET) (the “Company” or “Chijet”), a high-tech project geared in the development, manufacture, sales, and assist of tralatitious render vehicles and newborn forcefulness vehicles (“NEV”), is entertained to foretell that the Company’s period investor gathering was held on June 28, 2024. At the meeting, the Company’s shareholders approved: (1) a alter have separate (a “share consolidation” low Cayman Islands law) pursuant to which every 30 issued and unissued mediocre shares of the Company, par continuance US$0.0001 per share, is today consolidated into 1 mediocre deal of the Company, par continuance US$ 0.003 per share; (2) an process in the Company’s commissioned deal top from US$50,000.00 separated into 16,666,667 commissioned mediocre shares, par continuance of US$ 0.003 per share, to US$30,000,000.00 separated into 10,000,000,000 commissioned mediocre shares, par continuance US$0.003 per share; and (3) an revised and restated note and articles of connexion of the Company reflecting the foregoing clauses (1) and (2).

The Company also presented to its shareholders business aggregation for the business assemblage ended Dec 31, 2023 and afforded the possibleness to handle Company concern with management.

Chijet Contact:
2888 Donshan Street
Gaoxin Automobile Industrial Park
Jilin City, JL. P.R.China
400-606-8888
EMAIL: info@chijetmotors.com

Investor Relations Contact:
Skyline Corporate Communications Group, LLC
Scott Powell, President
One philanthropist Plaza, 11th Floor
New York, NY 10020
Office: (646) 893-5835 x2
Email: info@skylineccg.com

Forward-Looking Statements

This advise promulgation contains “forward-looking statements” within the message of the “safe harbor” viands of the Private Securities Litigation Reform Act of 1995. Chijet’s actualised results haw dissent from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of forthcoming events. Words much as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and kindred expressions are witting to refer much forward-looking statements. These forward-looking statements include, without limitation, statements regarding Chijet’s activity team, Chijet’s continuing ontogeny and business and effective improvements, along with those another risks described low the way “Risk Factors” in the catalogue Chijet filed with the Securities and Exchange Commission (the “SEC”) on March 30, 2023, and those that are included in some of Chijet’s forthcoming filings with the SEC. These forward-looking statements refer momentous risks and uncertainties that could drive actualised results to dissent materially from due results. Most of these factors are right of the curb of Chijet and are arduous to predict. Should digit or more of these risks or uncertainties materialize, or should inexplicit assumptions establish incorrect, actualised results haw depart materially from those indicated or expected by much forward-looking statements. Readers are cautioned not to locate unreasonable certainty upon some forward-looking statements, which intercommunicate exclusive as of the fellow made. Chijet undertakes no obligation to update forward-looking statements to emit events or circumstances after the fellow they were prefabricated eliminate as required by accumulation or practical regulation.

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