Shulou(Shulou.com)11/24 Report--

On the evening of September 26, Faraday Future (Chinese name "Faraday Future, hereinafter referred to as" FF ") issued an announcement announcing that it had reached a final agreement with the company's major shareholder FF Top (FF Global partner) on financing and board restructuring. According to the agreement, while FF received up to US $100 million in financing from Daguan and US ATW Partners investors, FF Top, a major shareholder of FF, formally reached a package of governance restructuring agreements with FFIE, including restructuring the board of directors. According to the FFIE announcement, the current executive chairman Sue Swenson and the former chairman (current director) Brian Krolicki will take the blame and resign. Jia Yueting and a team of partners regained control of FF.

The announcement shows that after the resignation of Sue Swenson and Brian Krolicki, FF's board of directors will undergo a major restructuring after the annual shareholders' meeting, and the original nine board seats will be changed to seven.

According to the relevant agreements, in order to ensure the smooth progress and transition of the reorganization of the board of directors of FF, Adam He has formally joined the board of directors of FFIE and served as a member of the audit committee, nomination and corporate governance committee of the board of directors, participated in the final implementation of the reorganization of the governance structure of the board of directors and assisted the company in completing the follow-up large amount of financing. Jordan Vogel, the former independent director of FFIE board of directors, resigned as a member of FFIE board of directors and corporate governance committee on September 23.

The FF announcement also shows that FF will receive more than $100 million in financing from Daguan and ATW. FF said that the mass production delivery of the FF 91 Futurist is still in progress, and all the plant equipment at FF ieFactory California in Hanford, California, is being tested, and the 381-mile range of the FF 91 Futurist has also been officially certified by the US EPA.

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