DCX · Chijet Motor Company, Inc.

On March 18, 2026, Chijet Motor Company, Inc. (formerly Digital Currency X Technology Inc.) entered into an agreement to dispose of its entire new energy vehicle business, Chijet Inc. and its subsidiaries, to an unrelated third party for nominal cash consideration of US$1. The transaction closed on March 20, 2026. The disposed group represented substantially all of the company's historical revenues and constituted a strategic shift. The unaudited pro forma financial information reflects the deconsolidation of the disposed group as if it occurred on December 31, 2025 for the balance sheet and January 1, 2023, 2024, and 2025 for the statements of operations. The pro forma combined balance sheet as of December 31, 2025 shows total assets of $405.9 million, primarily consisting of $402.0 million in cryptocurrencies, and no liabilities from continuing operations. The pro forma combined statements of operations for the years ended December 31, 2025, 2024, and 2023 show net income attributable to the company of $325.9 million, $188.8 million, and $310.6 million, respectively, driven by gains from disposal of discontinued operations. The company's continuing operations consist solely of digital currency activities, with no revenues and minimal operating expenses. This disposition marks a complete exit from the automotive industry and a pivot to a digital currency-focused entity.