Chijet Announces Effective Date of Share Consolidation
Chijet (NASDAQ: CJET) will effect a 100-for-1 share consolidation of its issued and unissued ordinary shares, effective November 3, 2025, with consolidation-adjusted trading beginning at the open on that date. The board resolved to implement the 100-for-1 ratio after shareholder approval of an up-to-100-for-1 range. A new CUSIP G4465R129 has been assigned. The Company said no action is required for shareholders holding shares in book-entry or through brokers; positions will be automatically adjusted and fractional shares will be rounded up to whole shares. The Company also proposed a name change to Digital Currency X Technology Inc., subject to Cayman Registrar approval.
Chijet (NASDAQ: CJET) effettuerà una consolidazione azionaria 100 per 1 delle proprie azioni ordinarie emesse e non emesse, efficace dal 3 novembre 2025, con la negoziazione adeguata alla consolidazione all'apertura del giorno. Il consiglio ha deciso di implementare il rapporto 100 a 1 dopo l'approvazione degli azionisti su una fascia fino a 100 per 1. È stato assegnato un nuovo CUSIP G4465R129. L'azienda ha dichiarato che non è richiesta alcuna azione per gli azionisti che detengono azioni in libro o tramite broker; le posizioni saranno automaticamente adeguate e le azioni frazionarie saranno arrotondate all'intero. L'azienda ha anche proposto un cambio di nome in Digital Currency X Technology Inc., soggetto all'approvazione del Cayman Registrar.
Chijet (NASDAQ: CJET) llevará a cabo una consolidación de acciones de 100 a 1 de sus acciones ordinarias emitidas y no emitidas, con efecto el 3 de noviembre de 2025, y el comercio ajustado por la consolidación comenzará en la apertura de esa fecha. La junta resolvió implementar la relación 100 a 1 tras la aprobación de los accionistas de un rango de hasta 100 a 1. Se ha asignado un nuevo CUSIP G4465R129. La empresa dijo que no se requiere ninguna acción para los accionistas que poseen acciones en registro o a través de corredores; las posiciones se ajustarán automáticamente y las acciones fraccionarias se redondearán al alza a acciones completas. La empresa también propuso un cambio de nombre a Digital Currency X Technology Inc., sujeto a la aprobación del Cayman Registrar.
Chijet (NASDAQ: CJET)은 발행 및 발행되지 않은 보통주에 대해 100 대 1 주식 합병를 시행하며, 2025년 11월 3일에 효력을 발생하고 그 날짜의 시가 개장 시 합병 조정 거래를 시작합니다. 이사회는 주주 승인을 받은 후 100 대 1 비율를 시행하기로 결정했습니다. 새 CUSIP G4465R129가 할당되었습니다. 회사는 명의주나 중개인을 통해 주제를 보유한 주주에게 추가 조치가 필요 없다고 밝혔으며; 포지션은 자동으로 조정되고 소수점 주식은 전주로 반올림됩니다. 또한 회사는 Cayman Registrar의 승인을 조건으로 Digital Currency X Technology Inc.로의 사명 변경을 제안했습니다.
Chijet (NASDAQ : CJET) procédera à une consolidation d'actions de 100 pour 1 de ses actions ordinaires émises et non émises, effective le 3 novembre 2025, avec une négociation ajustée à la consolidation à l'ouverture de cette date. Le conseil a résolu d'appliquer le ratio 100 pour 1 après l'approbation des actionnaires sur une plage allant jusqu'à 100 pour 1. Un CUSIP G4465R129 a été attribué. La société a déclaré qu'aucune action n'était requise pour les actionnaires détenant des actions par enregistrement ou par le biais de courtiers ; les positions seront ajustées automatiquement et les actions fractionnaires seront arrondies à des actions entières. La société a également proposé un changement de nom en Digital Currency X Technology Inc., sous réserve de l'approbation du Cayman Registrar.
Chijet (NASDAQ: CJET) wird eine 100-für-1-Aktienzusammenlegung ihrer ausgegebenen und unangegebenen Stammaktien durchführen, wirksam zum 3. November 2025, wobei der Handel entsprechend der Konsolidierung ab Handelsbeginn dieses Datums angepasst wird. Der Vorstand beschloss, das Verhältnis 100 zu 1 nach der Zustimmung der Aktionäre zu einem Bereich von bis zu 100 zu 1 umzusetzen. Eine neue CUSIP G4465R129 wurde zugeteilt. Das Unternehmen erklärte, dass für Aktionäre, die Aktien im Buch führen oder über Broker halten, keine Maßnahmen erforderlich seien; Positionen würden automatisch angepasst und Bruchteile würden auf ganze Aktien aufgerundet. Das Unternehmen schlug außerdem eine Namensänderung in Digital Currency X Technology Inc. vor, vorbehaltlich der Genehmigung des Cayman Registrar.
Chijet (NASDAQ: CJET) ستنفذ دمج أسهم بنسبة 100 إلى 1 لأسهمها العادية القائمة وغير القائمة، ساري المفعول في 3 نوفمبر 2025، مع بدء التداول المعدل وفقاً للدمج عند الافتتاح في ذلك التاريخ. قررت المجلس التنفيذي تطبيق نسبة 100 إلى 1 بعد موافقة المساهمين على نطاق حتى 100 إلى 1. تم تخصيص CUSIP G4465R129 جديد. قالت الشركة إنه لا حاجة لاتخاذ إجراء من قبل المساهمين الذين يحوزون الأسهم في التسجيل أو من خلال الوسطاء؛ ستتم تعديل المواقع تلقائياً وسيتم تقليل الأسهم الكسريّة إلى أسهم كاملة. كما اقترحت الشركة تغيير الاسم إلى Digital Currency X Technology Inc.، رهناً بموافقة سجل كايمان.
Chijet (NASDAQ: CJET) 将实施其已发行和未发行普通股的 100 对 1 股合并，自 2025 年 11 月 3 日起生效，按该日开盘时开始按合并调整的交易。董事会决定在股东通过至多 100 对 1 的范围后实施 100 对 1 的比例。已分配新的 CUSIP G4465R129。公司表示，持有记账股份或通过经纪商持股的股东无需采取任何行动；头寸将自动调整，整数股将向上四舍五入到整股。公司还提出将名称更改为 Digital Currency X Technology Inc.，需卡曼登记处批准。
- 100-for-1 consolidation effective November 3, 2025
- New CUSIP G4465R129 assigned for post-consolidation shares
- Shareholders no action required; broker positions auto-adjusted
- Proposed name change to Digital Currency X Technology Inc. is conditional on Cayman Registrar approval
- Shareholders previously approved an up-to-100-for-1 range with board discretion on exact ratio
Insights
Chijet is effecting a 100-for-1 share consolidation effective
The Share Consolidation will convert every up to one hundred class A and class B ordinary shares into one post-consolidation share and assigns a new CUSIP G4465R 129. The consolidation affects all issued and outstanding shares uniformly, requires no action from brokers' clients, and the transfer agent will act as exchange agent. Registered holders need no action; street-name positions will be adjusted automatically.
Dependencies and risks include the board's implementation mechanics and the Cayman Registrar approval for the Change of Name; the name change and amended charter documents are explicitly conditional on those approvals. The company states no fractional shares will be issued and that fractional entitlements will be rounded up, which changes the usual treatment of fractional shares and could slightly increase post-consolidation share counts for affected holders.
Concrete items to watch: the effective date
New York, Oct. 29, 2025 (GLOBE NEWSWIRE) -- CHIJET MOTOR COMPANY, INC. (NASDAQ: CJET) (“Chijet” or the “Company”) today announced that it will effect a one hundred (100)-for-one (1) share consolidation of its issued and unissued ordinary shares, par value US
On September 24, 2025, the Company’s shareholders voted and approved at the annual general meeting (1) that the Company shall undertake an up to 100 for 1 share consolidation of the issued and unissued shares of the Company (the “Range”), such that (i) every up to one hundred (100) class A ordinary shares of a par value of US
The Company anticipates that beginning with the opening of trading on November 3, 2025, the Company’s class A ordinary shares will trade on the Nasdaq Capital Market on a consolidation-adjusted basis. A new CUSIP number, G4465R 129, has been assigned to the Company’s class A ordinary shares as a result of the Share Consolidation.
The Share Consolidation affects all issued and outstanding ordinary shares of the Company. The Company’s transfer agent, Equiniti Trust Company, LLC., is acting as the exchange agent for the Share Consolidation. Shareholders who hold their shares in book-entry form or in “street name” (i.e., through a broker, bank or other holder of record) are not required to take any action. The Share Consolidation will affect all shareholders uniformly and will not alter any shareholder’s percentage interest in the Company’s equity. No fractional shares will be issued; instead, shareholders who would otherwise be entitled to a fractional share will have their entitlement rounded up to the nearest whole share.
The Company anticipates that the Share Consolidation will increase the market price per share of the Company’s class A ordinary Shares.
Registered shareholders holding pre-consolidated shares of the Company are not required to take any action to receive post-consolidated shares. Shareholders owning shares via a broker, bank, trust or other nominee will have their positions automatically adjusted to reflect the share consolidation, and will not be required to take any action in connection with the share consolidation.
About Chijet Motor Company, Inc.
The primary business of Chijet is the development, manufacture, sales, and service of traditional fuel vehicles and NEVs. State-of-the-art manufacturing systems and stable supply chain management enable the Company to provide consumers with products of high performance at reasonable prices. In addition to its large modern vehicle production base in Jilin, China, a factory in Yantai, China will be dedicated to NEV production upon completion of its construction. Chijet has a management team of industry veterans with decades of experience in engineering and design, management, financing, industrial production, and financial management. For additional information about Chijet, please visit www.chijetmotors.com.
Forward-Looking Statements
This press release contains forward-looking statements as defined under Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, formulated in accordance with the ‘safe harbor’ provisions of the Private Securities Litigation Reform Act of 1995. These statements, reflecting the Company’s projections about its future financial and operational performance, employ terms like ‘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 expressions to convey the uncertainty of future events or outcomes. These forward-looking statements are based on the Company’s current expectations, assumptions, and projections, involving judgments about future economic conditions, competitive landscapes, market dynamics, and business decisions, many of which are inherently challenging to predict accurately and are largely beyond the Company’s control. Additionally, these statements are subject to a multitude of known and unknown risks, uncertainties, and other variables that could significantly diverge the Company’s actual results from those depicted in any forward-looking statement. These factors include, but are not limited to, varying economic conditions, competitive pressures, and regulatory changes. Because of these and other risks, uncertainties and assumptions, undue reliance should not be placed on these forward-looking statements. In addition, these statements speak only as of the date of this press release and, except as may be required by law, the Company undertakes no obligation to revise or update publicly any forward-looking statements for any reason.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
FAQ
When does Chijet (CJET) complete its 100-for-1 share consolidation?
Will Chijet shareholders need to take action for the CJET share consolidation?
What is the new CUSIP for Chijet class A ordinary shares after the consolidation?
Does the Chijet 100-for-1 consolidation change shareholder ownership percentages?
Is Chijet changing its name after the consolidation and when will it take effect?
What happens to fractional shares from the CJET share consolidation?
