FF stock price fluctuates; Jia Yueting: Firmly opposes reverse stock split, implements four major measures to combat malicious short selling

Glonghui, February 9th｜According to Phoenix Technology, on February 9th, FF founder Jia Yueting responded to the company's abnormal stock price fluctuations in the latest weekly report. Jia Yueting stated that after the release of the FF EAI robot product, FFAI's stock price experienced abnormal volatility, with the closing price falling below $1 in the past two days. Jia Yueting said that shareholder communication will be strengthened, and emphasized that the EAI robot business is an upgrade of the overall strategy. Not only does it not affect car manufacturing, but it can also empower the automotive business from multiple aspects such as business and capital, accelerating the large-scale delivery of Super One. In response to the current capital market situation, FF has proposed four measures: firmly opposing reverse stock splits and prudently handling additional share issuance; emphasizing the robot business as a new growth curve; accelerating the mutual empowerment of the "car and robot" dual business; and strengthening transparent communication with shareholders. The company stated that its original FF Par sales model has attracted the attention of some US dealers, the robot business is planned to start deliveries at the end of February, and will initially focus on high-frequency scenarios such as 4S store reception and home security.