Chijet Receives Nasdaq Notification Regarding Minimum Bid Price Compliance

New York, Oct. 20, 2025 — CHIJET MOTOR COMPANY, INC. (NASDAQ: CJET) (“Chijet” or the “Company”) today announced it had received a letter from The Nasdaq Stock Market LLC (“Nasdaq”), informing the Company that it is currently not meeting the minimum bid price requirement outlined in Nasdaq Listing Rule 5550(a)(2). This is because the closing bid price of the Company’s Class A ordinary shares remained below $1.00 per share for a period of 30 consecutive business days. This press release is being issued in accordance with Nasdaq Listing Rule 5810(b), which mandates prompt disclosure upon receipt of a deficiency notification. The notification has no immediate impact on the trading of the Company’s ordinary shares, which will continue to be listed on Nasdaq under the ticker “CJET.”

In line with Nasdaq Listing Rule 5810(c)(3)(A), the Company has a period of 180 calendar days, concluding on April 13, 2026 (the “Compliance Period”), to regain compliance with Nasdaq’s minimum bid price requirement. Should the closing bid price per share of the Company’s Class A ordinary shares reach at least $1.00 for a minimum of 10 consecutive business days at any point during the Compliance Period, Nasdaq will issue the Company a written confirmation of compliance, and the matter will be considered resolved. If the Company fails to regain compliance with the minimum bid price requirement within this period, it may be eligible for additional time, provided no other deficiencies exist.

The Company plans to keep track of the closing bid price of its Class A ordinary shares and, if deemed appropriate, will consider implementing various available options, which may include, but are not limited to, executing a reverse stock split of its ordinary shares, to achieve compliance with the minimum bid price requirement under the Nasdaq Listing Rules.

About Chijet Motor Company, Inc.

Chijet’s primary operations involve the development, manufacturing, sales, and servicing of both traditional fuel vehicles and New Energy Vehicles (NEVs). The Company’s state-of-the-art manufacturing systems and robust supply chain management enable it to deliver high-performance products to consumers at competitive prices. In addition to its substantial modern vehicle production base in Jilin, China, a new factory in Yantai, China, will be dedicated to NEV production once construction is finalized. Chijet benefits from a management team composed of seasoned industry professionals with decades of expertise in engineering and design, general management, corporate finance, industrial production, and financial administration. For more details about Chijet, please visit .

Forward-Looking Statements

This press release incorporates forward-looking statements as defined by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, crafted in accordance with the ‘safe harbor’ provisions of the Private Securities Litigation Reform Act of 1995. These statements, which articulate the Company’s expectations regarding its future financial and operational performance, utilize terms such as ‘believes,’ ‘estimates,’ ‘anticipates,’ ‘expects,’ ‘plans,’ ‘projects,’ ‘intends,’ ‘potential,’ ‘target,’ ‘aim,’ ‘predict,’ ‘outlook,’ ‘seek,’ ‘goal,’ ‘objective,’ ‘assume,’ ‘contemplate,’ ‘continue,’ ‘positioned,’ ‘forecast,’ ‘likely,’ ‘may,’ ‘could,’ ‘might,’ ‘will,’ ‘should,’ ‘approximately,’ and similar phrases to convey the inherent uncertainty of future events or outcomes. These forward-looking statements are grounded in the Company’s current expectations, assumptions, and projections, which involve assessments of future economic conditions, competitive landscapes, market dynamics, and business decisions. Many of these factors are inherently challenging to forecast accurately and are largely beyond the Company’s control. Furthermore, these statements are subject to a multitude of known and unknown risks, uncertainties, and other variables that could lead to significant deviations between the Company’s actual results and those portrayed in any forward-looking statement. Such factors include, but are not limited to, fluctuating economic conditions, competitive pressures, and regulatory changes. Due to these and other risks, uncertainties, and assumptions, undue reliance should not be placed on these forward-looking statements. Moreover, these statements are valid only as of the date of this press release, and, unless mandated by law, the Company undertakes no obligation to publicly revise or update any forward-looking statements for any reason.

Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
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