The Company Continues to Take Action in Response to Recently Identified Suspected Illegal Market Manipulation

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future”, “FF” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today shared a weekly business update from YT Jia, Founder and Global Co-CEO of FF.

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Faraday Future Founder and Co-CEO YT Jia Shares Weekly Investor Update: The Company Continues to Take Action in Response to Recently Identified Suspected Illegal Market Manipulation

“Today’s weekly report was supposed to start with a piece of wonderful news: FFAI Headquarters will relocate to Silicon Beach area next weekend, along with two important business updates on the execution of our EAI strategy. However, because we are deeply outraged by the harm that may have been caused by potential illegal market manipulators to the interests of our stockholders, I want to begin instead with FF’s latest actions in its Counterattack Against Potentially Illegal Market Manipulation and Short Selling.

Recently, the progress of our robotics business has far exceeded our expectations, yet our stock price performance has continued to decline. So what might be behind part of this disconnect? We have become aware of suspected organized illegal market manipulation activity targeting FF. In particular, Hua Qixin and their group are suspected of spreading knowingly false statements, fabricating rumors, making defamatory claims, misleading investors, and manipulating the market for improper gain. These suspected illegal manipulative actions may not only be harming FF, but also harming every stockholder who believes in the Company’s long-term value.

But let me say this: FF has never been a company that can be easily brought down by malicious forces. In the past, we successfully fought back. This time, we have even stronger confidence, more evidence, and greater determination to win this Counterattack Against Potentially Illegal Market Manipulation and Short Selling.

At present, we have already communicated with relevant parties, preserved key evidence, and are preparing for the next step of potentially initiating litigation in both China and the U.S. At the same time, we have also initiated related regulatory complaint procedures, including preparing materials in connection with a potential submission to the U.S. Securities and Exchange Commission (SEC). Our goal is clear: to ensure FF operates in a clean, fair, lawful, and compliant capital markets environment, and to ensure that FF’s stock price truly reflects the Company’s operating fundamentals and real value.