Resolutely no share consolidation, fighting for shareholders; tomorrow FX CEO will communicate with White House decision-makers on tariff issues, bridge strategy helps FX navigate tariff chaos, FF launches five measures to start 'illegal short-selling 阻击战', winning the dream realization battle.

· FF will continue to optimize its capital structure and make every effort to maintain the company's listing status without reverse stock splits.

· Regarding opportunities and initiatives under the new tariff policy, FX brand CEO Max and his core team have arrived in Washington, D.C. in the FF 91 and will meet with key White House decision-makers this Thursday. This is not just a business exchange but also reflects our deep role as a "bridge between the Chinese and American automotive industries" in shaping future policies.

· The FX project is accelerating, with the goal of rolling out the first vehicle by year-end, now entering the final sprint phase.

· Deepen organizational reforms to fully unleash execution and organizational efficiency.

· On April 24, FF will host the "FF Shareholder Community & FX Developer Co-Creation Day" event in Los Angeles.

Beijing Time, April 17, 2025 (April 16 in California, U.S.) — Faraday Future Intelligent Electric Inc. (hereinafter referred to as "FF" or the "Company," Nasdaq: FFAI) today announced the launch of five core initiatives to defend shareholder value and confidence, marking the official start of the "Dream Realization Battle: Counterattack Against Potential Illegal Short Selling."

Following the Company’s submission of a Form D filing yesterday, a series of rumors quickly spread in the market—including false claims that the Form D indicated executives were selling shares, that the stock price falling below $1 would immediately trigger a reverse stock split, and that new tariff uncertainties would disrupt the FX strategy and the progress of the "bridge model." FFAI’s stock price subsequently experienced abnormal volatility and closed below $1.

In response, the Company solemnly declares: FF stands firmly with all shareholders. We strongly oppose reverse stock splits and are fully committed to maintaining our Nasdaq listing status. Through the implementation of these initiatives, we firmly believe we can remain compliant without reverse stock splits, accelerate value recovery, and create even greater miracles.

The five initiatives are:

1. Capital-Level Initiative Combo:

First, the Company will continue to optimize its capital structure and firmly reject reverse stock splits unless absolutely necessary to maintain its Nasdaq listing. At the same time, we will strictly control share issuance under prudent principles. Any share issuance will solely support business development, ensuring minimal dilution for maximum value.

Second, the Company has initiated investigations into key institutions involved in the previous round of potential illegal short selling and has sent cease-and-desist letters to some entities suspected of illegal operations. A new investigation into potential illegal short selling has also been launched. We do not rule out legal action against relevant institutions—we will no longer remain silent!

Third, FF plans to launch a new round of insider share purchase plans during the next legally permitted trading window (currently not open), with broader participation from the management team. Formal execution will depend on legally permitted timeframes and other necessary conditions. We also emphasize that Form D is a routine compliance disclosure and by no means a "liquidation signal." No FF executives have sold a single share recently, and directors and employees remain under lock-up periods. Illegal short sellers exploiting such public information is a classic example of misleading manipulation.

Over the past year, FF has seen explosive growth in trading volume, stock price, and U.S. retail investor participation, becoming the only meme stock capturing the attention of both Chinese and American retail investors. With FX, the bridge strategy, and operational fundamentals all making breakthroughs, we are on the verge of achieving major milestones, and the release of capital market value has only just begun.

2. Opportunities and Initiatives Under the New Tariff Policy

Regarding recent tariff issues, we acknowledge that tariffs may temporarily impact our FX strategy in the short term. However, in the medium to long term, this presents a significant opportunity. We are in close communication with the U.S. government, proactively offering recommendations for the automotive industry—particularly regarding tariffs and policies between China and the U.S.—while formally expressing our specific requests for FF and FX’s development path in the U.S.

Following FF Global President Jerry’s in-depth discussion with Eric Trump last week on EV industry trends, FX CEO Max and his core team have arrived in Washington in the FF 91 and will hold critical meetings with key White House decision-makers tomorrow. This is not just corporate communication but also our deep involvement as a "bridge between the Chinese and American automotive industries" in shaping future industry policies.

3. FX Strategy Accelerates, Countdown to First Vehicle Rollout by Year-End

FX is making comprehensive progress, with the countdown to the first vehicle rollout by year-end now in its final sprint phase.

Additionally, we have secured public road testing permits for FX prototypes and will officially begin multi-vehicle testing in complex public road environments next week, including autonomous driving system evaluations.

FX’s first model, the Super One, is expected to debut by late June, with paid pre-orders opening soon. We continue to receive inquiries and partnership requests from U.S. consumers, large fleet operators, rental companies, and other channels, with market feedback far exceeding expectations. Substantial orders or partnership progress will be announced shortly.

4. Enhanced Transparency with Shareholders: "FF Shareholder Community & FX Developer Co-Creation Day" Next Thursday

We will further strengthen market engagement, proactively releasing information to bridge gaps and swiftly addressing shareholder concerns. This ensures the market understands FF’s positive developments and reduces misunderstandings caused by information asymmetry. We stand united with our shareholders.

On April 24, we will host the "FF Shareholder Community & FX Developer Co-Creation Day" in Los Angeles, inviting investors, co-creation officers, and owner representatives to engage directly and participate in FX’s full lineup co-creation activities. This will help more people truly understand our strategy, value, and potential.

5. Deep Organizational Reform to Resolve Fundamental Constraints on Growth and Value

Next, we will launch a series of deep governance and management reforms to eliminate long-standing obstacles, maximize organizational efficiency, and accelerate company growth and value explosion. An all-hands meeting will be held next week to announce these restructuring plans.

"In the face of illegal short selling, market rumors, and external uncertainties, FF will always stand with all shareholders and investors, firmly opposing reverse stock splits and fully committed to maintaining our Nasdaq listing. This is not just a defense of company value but also a declaration of our dreams and long-term vision. We believe true value will ultimately cut through the noise and return to the market," said FF Global President Jerry Wang. "The unwavering support of our shareholders saved FF and helped us win the Dream Defense Battle. Moving forward, we will stand even firmer with you, fighting for shareholder interests. I am fully confident that we can achieve compliance without reverse stock splits, accelerate value recovery, significantly narrow the gap between capital value and true value, and even create greater miracles."

$Faraday Future Intelligent Electric(FFAI.US)