Jupiter wellness Forum: Community User: 00000

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HALT ✋ Chijet Motor Company, Inc. entered into a business combination agreement with Jupiter Wellness Acquisition Corp. to become a public company to advance its electric vehicle business and sales of gasoline vehicles in China and Southeast Asia ⚠️ Business combination agreement with Jupiter Wellness Acquisition Corp. values Chijet's operating companies at $1.6 billion, subject to downward revision of up to $674 million based on certain post-Closing financial performance or stock price metrics Achieving the public listing milestone would enable Chijet to accelerate its electric vehicle development, manufacturing and sales, while expanding sales and production of conventional gas-fueled hybrid vehicles, leveraging its relationships with more than 300 dealerships in China and Southeast Asia and current annual production capacity of 240,000 vehicles at its existing 13.85 million-square-foot production base in Jilin City, China. • Expected proceeds will be approximately $140.2 million before payment of transaction expenses (assuming no redemptions by JWAC public shareholders) will enhance Chijet's production capacity, new product research and development, working capital and expansion in Southeast Asia. • Mr. Hongwei Mu, Chairman of Chijet, and the existing leadership team will lead the combined company.