FF Announces Key Initiatives of Its Capital Value Restoration Plan: Conversion Price Floor Freeze, Standalone Robotics Financing Exploration, and Weekly Convertible Note Conversion Disclosures

· The Q3 “Four-Core Full-Stack AI” Robotics Capital Value Return Sub-Campaign is grounded in business fundamentals and value creation. Through a series of core initiatives, it aims to restore the Company’s market capitalization to the level at the time of its 2021 Nasdaq listing within two years, supported by sustained improvements in the underlying business.

· Under such Sub-Campaign, the Company intends to adjust the minimum conversion floor price to no less than $5.00 per share for all existing convertible notes, so long as such limitation is allowed within relevant contractual obligations and applicable law.

· Subject to applicable laws and regulations, the Company plans to establish a weekly disclosure mechanism covering conversion activity for existing convertible notes, providing ongoing visibility into conversion amounts and changes in shares outstanding and enhancing transparency around its capital structure.

· The Company aims to, subject to negotiation with applicable counterparties, accelerate efforts to explore equity financing structure instead of convertible note financings, as well as standalone financing for its robotics business to further reduce equity dilution at the FFAI level. It also anticipates allocating a substantial majority of any newly raised funds primarily for the development of its robotics business rather than repayment of historical liabilities.

· The Company plans to accelerate its liability optimization efforts in accordance with its previously disclosed plans.

· These measures are intended to address market concerns about uncertainty surrounding potential conversions and demonstrate the Company’s commitment to protecting stockholders and stabilizing its stock price. More details on the Capital Value Return plan and specific actions are expected to be included in the upcoming earnings call for the second quarter of 2026.

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