Faraday Future Submits Regulatory Referral Letter to the SEC, Advancing Fight Against Alleged Illegal Short Selling and Market Manipulation Including Alleged Conduct by Hua Qixin and Associates

Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“Faraday Future,” “FF,” or the “Company”), a California-based global Embodied AI (EAI) ecosystem company, today announced a significant development in its ongoing effort to combat alleged illegal short selling and market manipulation. The Company has formally submitted a Regulatory Referral Letter to the U.S. Securities and Exchange Commission (SEC), requesting that the SEC review and investigate alleged illegal and violative conduct identified by the Company.

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Faraday Future Submits Regulatory Referral Letter to the SEC, Advancing Fight Against Alleged Illegal Short Selling and Market Manipulation Including Alleged Conduct by Hua Qixin and Associates

In the course of its sustained efforts against alleged illegal short selling, FF has identified and preserved relevant evidence. The Company believes this information indicates the continued presence of potential illegal market manipulation targeting FF’s stock performance — including alleged conduct by Hua Qixin and associates involving the dissemination of false information, defamatory statements, investor misdirection, and deliberate market panic. The Company believes such activities are designed to distort investor understanding of FF’s true business fundamentals and long-term value, while causing material harm to the Company and its stockholders.

The submission of this Regulatory Referral Letter to the SEC represents a key component of the upgraded five transformation initiatives the Company has been driving since YT Jia was acknowledged and appointed as Global CEO. Internally, FF is accelerating its comprehensive transformation across five areas: strategy; product, technology and business; finance; capital; and FF's AI operating system. Externally, the Company will pursue increasingly decisive, proactive, and systematic legal and regulatory actions to combat alleged illegal short selling, disinformation, and market manipulation, putting “Stockholders First” into concrete practice.

“We have the confidence, the evidence, and the determination to continue protecting the interests of the Company, our stockholders, and long-term investors through lawful and compliant means,” said YT Jia, Faraday Future’s Founder and Global CEO. “The Company will continue to employ every necessary judicial and regulatory tool to safeguard an open, fair, and law-abiding capital market environment, so that FF's market value more accurately reflects the Company's business fundamentals and long-term value.”

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