Chijet Motor Company Annual General Meeting; Reverse Split Approved

Core Points - Chijet Motor Company held its annual shareholder meeting on June 28, 2024, where significant corporate actions were approved [1] - A reverse stock split was approved, consolidating every 30 shares into 1 share, changing the par value from US$0.0001 to US$0.003 [1] - The authorized share capital was increased from US$50,000 to US$30,000,000, allowing for 10,000,000,000 authorized ordinary shares at a par value of US$0.003 [1] - The company presented financial information for the fiscal year ended December 31, 2023, and allowed shareholders to discuss company affairs with management [3]