On May 14, 2024, the Board of Directors of Chijet Motor Company, Inc. (the Company), upon the recommendation of the nominating and corporate governance committee of the Board, appointed Wenbo Wang (Mr. Wang) to the Board to serve as a member of the Board and the audit committee of the Board (Audit Committee) to fill the vacancy created by the resignation of Mr. John Chiang. Mr. Wang will serve a member of the Board and the Audit Committee until his successor is duly elected and qualified. After considering all relevant facts and circumstances, the Board has determined that Mr. Wang qualifies as an independent director under the applicable listing standards of The Nasdaq Stock Market LLC and under the applicable rules of the U.S. Securities and Exchange Commission (the SEC).

Mr. Wang, 50, has extensive expertise in financial management and internal control across various sectors, having held executive roles that enhanced his skills in operational management, risk control, tax planning, and investment financing. From July 2018 until present, Mr. Wang has served as Group Executive President at Century Galaxy Group, an investment company in the medical industry, where he oversees risk control and investment management. From January 2013 to June 2018, he served as Assistant President and General Manager of the Internal Control Management Center at Bybo Medical Group, a dental medical treatment services company, where he was responsible for establishing and refining the group?s risk control systems and internal auditing processes, enhancing operational efficiency and compliance.

Prior to that, from July 2011 to December 2012, Mr. Wang acted as the Deputy General Manager of the Finance Department and CFO for a pre-IPO subsidiary at Tsinghua Unigroup Group, a state-owned Chinese technology and semiconductor company, where he improved financial and internal control systems and implemented effective tax planning strategies. Earlier in his career, from January 2010 to June 2011, he served as the Internal Audit Director at Synutra International Group, an infant nutrition food production company, managing compliance audits and financial system improvements in line with U.S. stock market listing requirements. Mr. Wang holds a Master of Business Administration from Tsinghua University and a Bachelor of Statistics from Shandong University of Finance and Economics.

He is a Certified Public Accountant in China and a Certified Internal Auditor. Mr. Wang?s extensive experience and leadership in finance and risk management make him a valuable asset to board.