On April 8, 2024, the Board of Directors of Chijet Motor Company, Inc., upon the recommendation of the nominating and corporate governance committee of the Board, appointed Huimin Li to the Board to serve as a director until her successor is duly elected and qualified. After considering all relevant facts and circumstances, the Board has determined that Ms. Li qualifies as an independent director under the applicable listing standards of The Nasdaq Stock Market LLC and as an ?audit committee financial expert? under the applicable rules of the U.S. Securities and Exchange Commission (the ?SEC?).

In addition, the Board appointed Ms. Li to serve as a member of the Board?s Audit Committee. Ms. Li, 44, has over 20 years of experience in financial planning and analysis, operations finance, accounting, mergers and acquisitions, and equity investments and financing. Since March 2021, Ms. Li has been serving as the Vice President and Head of Finance at PingCAP, a Series D Cloud Infrastructure Software entity, where she spearheads a global finance team, steering the company towards fast growth, operational efficiency and IPO readiness activities.

From March 2020 to February 2021, Ms. Li managed her family?s investments. From September 2017 to February 2020, she served as the Assistant General Manager at Tencent, a multinational technology conglomerate and holding company, where she developed a global team responsible for the international gaming and cloud business. From September 2014 to August 2017, Ms. Li served as Finance Manager III/Controller at Cisco Systems, Inc. (Nasdaq: CSCO), where she advised on critical financial strategies concerning acquisitions, investments, and partnerships.

Her early professional experiences include roles as an accounting manager and site controller at China CAMC Engineering Co., Ltd, a construction engineering company, contributing to the company?s successful IPO in 2006. Ms. Li received a Bachelor of Arts in Finance from Renmin University of China and an MBA focusing on Finance and Strategy from UCLA Anderson School of Management, where she graduated with honors.