Chijet Motor Company, Inc. issued 640,850 class A ordinary shares to holders of contingent value rights on record as of July 22, 2025. Two shareholders surrendered 640,850 ordinary shares due to unmet earnout milestones, leading to their cancellation. Each CVR holder is entitled to 0.492694 ordinary shares, rounded down to the nearest whole share if a fraction is involved. Chijet is a high-tech enterprise focused on traditional fuel vehicles and NEVs, with modern manufacturing facilities in China. The company’s management team has extensive experience in various aspects of the automotive industry. More information can be found on their website.

Read more at GlobeNewswire: Chijet Motor Company Inc. Announces Issuance of Ordinary