Chijet Motor Company Inc. Issues Ordinary Shares to Contingent Value Rights Holders

NEW YORK, Sept. 20, 2024 - Chijet Motor Company, Inc. CJET, a prominent player in the automotive industry, has made a significant announcement today concerning its shareholders. The company, which has earned a reputation for its innovative work in both traditional fuel vehicles and cutting-edge new energy vehicles ('NEV'), has revealed the issuance of ordinary shares to the holders of contingent value rights. This strategic move is indicative of the company's robust growth agenda and its commitment to maximizing shareholder value.

Company Profile

Rooted in the Grand Cayman, Cayman Islands, CJET is at the forefront of automotive innovation. With a focus on the burgeoning market for new energy vehicles, CJET's scope of work encompasses the entire lifecycle of vehicle production including development, manufacturing, sales, and after-sales services. The company's dedication to excellence has cemented its position as a leading name in the global automotive sector.

Strategic Share Issuance

The latest announcement from CJET regarding the issuance of ordinary shares to contingent value rights holders reflects the company's strategic financial decisions aimed at fostering inclusion and recognizing the contributions of various stakeholders. This move is a testament to CJET's commitment to upholding the interests of its investors and supporting its expansive business model that sees significant investment in both traditional and new-age vehicle technologies.

Impact on Shareholders

For shareholders, this issuance represents an opportunity to further align with the company's vision and partake in its future success. By integrating contingent value rights holders into the fold of ordinary share ownership, CJET is reinforcing its investor relations and showcasing a sound corporate governance structure. This decision is expected to resonate within the investment community, potentially catalyzing further interest and investment in CJET's shares.

Future Outlook

The dynamic realm of automobile manufacturing continues to evolve, with companies like CJET leading the charge towards a more sustainable and technologically advanced future. As CJET continues to expand its portfolio of traditional fuel vehicles and NEVs, the company stands well-poised to make significant strides in the global market. The issuance of shares is just one step in CJET's larger strategic plan to sustain growth, drive innovation, and deliver value to their shareholders.

NEV, Automotive, Shares