DCX · Chijet Motor Company, Inc.

The Fifth Amended and Restated Memorandum and Articles of Association reflect significant shareholder-approved changes to the company's capital structure, transitioning from a high par value of US$3.6 per share to a nominal US$0.0001, dramatically expanding authorized shares from approximately 833 million to 3 billion. This provides substantial flexibility for equity issuances, potential financings, or incentive programs without further shareholder approvals. The reduction creates a distributable reserve from cancelled paid-up capital, enabling loss offsets or other permitted distributions, enhancing financial maneuverability. Board authorization for consolidations up to 4000:1 over three years offers tools to manage share count and compliance amid prior 12-for-1 reverse split. These governance updates, effective post-EGM, signal preparation for growth or market requirements while maintaining Cayman Islands exempted company status with unrestricted objects.