On September 24, 2025, Chijet Motor Company, Inc. shareholders approved a proposal for a share consolidation of up to 100-for-1 at the annual general meeting. This action is intended to increase the company's share price to meet Nasdaq's minimum bid price requirement.
Shareholders also approved a conditional name change from "CHIJET MOTOR COMPANY, INC." to "Digital Currency X Technology Inc." This change is subject to the approval of the Registrar of Companies in the Cayman Islands and the effectiveness of the share consolidation.
These corporate actions are critical steps in stabilizing the company's corporate structure and aligning its identity with its new strategic direction towards digital currency treasury management.
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