FF与中东Master投资集团签署协议 在阿联酋设立行政中心、开发及运营枢纽

- FF与阿联酋拉斯海马的Sheikh Abdulla Al Qassimi 的Master投资集团签署协议，标志着公司在该区域的业务拓展和全球影响力提升方面迈出了关键一步。

- 该协议的签署标志着FF在阿联酋建立运营、销售和生产制造业务方面取得了重要进展。

北京时间2024年10月25日（美国加州10月24日）——总部位于美国加州的全球共享智能电动出行生态公司Faraday Future Intelligent Electric Inc.（纳斯达克：FFIE）（"Faraday Future "、"FF"或 "公司"）今天正式宣布，与Sheikh Abdulla Al Qassimi的Master投资集团达成共同投资协议。Sheikh Abdulla Al Qassimi是拉斯海马酋长国皇家家族成员兼海关副主席。此次合作旨在开发公司未来位于阿联酋备受关注的拉斯海马总部。标志着FF自去年11月启动中东战略以来，正式进入了运营阶段，为公司在阿联酋的运营和销售活动奠定了基础。Master 投资集团计划于今年年底开始在拉斯海马的建设工作，FF预计将在2025年底或2026年初入驻。

FF中东负责人莫翠天代表FF中东公司签署了与拉斯海马经济区（RAKEZ）的租赁协议，用于设立包含办公空间和工程车间在内的业务场所。FF全球CEO Matthias Aydt签署了预订协议，预订了正在建设中的面积达108,000平方英尺的场所和设施，该设施将作为FF中东未来的运营枢纽。

拉斯海马位于阿联酋七个酋长国中的最北端，为众多重要公司和组织的经济枢纽，涵盖制造业、旅游业等多个领域。拉斯海马占据战略地理位置，位于欧洲、亚洲和非洲的交汇处，使其成为FF区域拓展的理想地点。

“我们一直积极推进在拉斯海马开展业务的战略，感谢酋长国对我们的热情欢迎，”FF全球CEO Matthias Aydt表示。“作为重要的工业中心，拉斯海马是建立我们业务的理想之地，共同打造出最极致的AIEV产品和技术。我们很荣幸能够参与其中。”

“很高兴能与FF签署这一协议，进一步帮助他们在阿联酋这一地理位置优越、充满潜力的地区推进业务，”Master投资集团首席执行官Sheikh Abdulla Al Qassimi表示。“该协议不仅彰显了我对FF的承诺，也展示了拉斯海马和阿联酋吸引创新电动车及技术领先企业的承诺。”

Faraday Future Signs Agreements for Ras Al Khaimah Development, Office and Engineering Space, and an Operational Hub

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·      The agreement with Master Investment Group, led by Sheikh Abdulla Al Qassimi of Ras Al Khaimah, UAE, underscores Faraday Future's efforts to expand regionally while simultaneously enhancing its global business stature.

·      It marks a significant advancement in Faraday Future's strategy to establish its operations, sales, and potential manufacturing capabilities within the UAE.

Los Angeles, CA. (Oct. 24, 2024) -- Faraday Future Intelligent Electric Inc. (Nasdaq: FFIE) (“FF”, “Faraday Future”, or “the Company”), a California-based leader in the shared intelligent electric mobility ecosystem, has officially announced a co-investment agreement with Master Investment Group, owned by Sheikh Abdulla Al Qassimi, a member of the royal family and Deputy Chairman of Customs in Ras Al Khaimah. This collaboration is for the development of the Company's future headquarters in Ras Al Khaimah, a region highly sought after within the United Arab Emirates (UAE). This development signifies the progression of Faraday Future into the operational phase following the launch of its Middle East Strategy last November, facilitating operational and sales activities within the UAE. Master Investment Group aims to commence construction in Ras Al Khaimah by the end of this year and the Company aims to occupy the premises by late 2025 or early 2026.

Tin Mok, the Head of FF UAE, representing Faraday Future Middle East FZ-LLC, has signed a lease agreement with the Ras Al Khaimah Economic Zone (RAKEZ) for a business location that will include office space and an engineering workshop. Matthias Aydt, the global CEO of Faraday Future, has signed a reservation agreement with RAKEZ for an in-construction facility of 108,000 square feet, which will serve as a future operational hub.

Ras Al Khaimah is the northernmost Emirate of the seven that constitute the UAE and serves as an economic hub for numerous significant companies and organizations across various sectors, including manufacturing and tourism. Its strategic location at the intersection of Europe, Asia, and Africa positions it as an ideal site for Faraday Future's expansion initiatives.

“We are actively implementing our strategy to establish a presence in Ras Al Khaimah, and we appreciate the warm welcome we have received in the Emirate,” said Matthias Aydt, Global CEO of FF. “As the important center for industry, Ras Al Khaimah is the ideal place for the establishment of our operations to bring the best intelligent electric vehicle product and technology. We are proud to be able to participate in the development.”

“I am excited that were able to sign this agreement with FF to further their ability to continue their start-up operations in a growing, viable and geographically attractive location within the UAE,” said Sheikh Abdullah Al Qassimi, CEO of Master Investment Group. “This agreement signifies not only my commitment to FF but also the RAK and UAE’s commitment to attract new innovative EV and technology-leading companies to the region.”

FORWARD LOOKING STATEMENTS

This release includes “forward looking statements” within the meaning of the safe harbor provisions of the United States Private Securities Litigation Reform Act of 1995. When used in this release the words “estimates,” “projected,” “expects,” “anticipates,” “forecasts,” “plans,” “intends,” “believes,” “seeks,” “may,” “will,” “should,” “future,” “propose” and variations of these words or similar expressions (or the negative versions of such words or expressions) are intended to identify forward-looking statements. These forward-looking statements, which include statements regarding the Company’s Middle East strategy, including establishing operational, sales and manufacturing activities in the region, and development of the Company’s UAE headquarters, involve a number of known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside the Company’s control, which could cause actual results or outcomes to differ materially from those discussed in the forward-looking statements. Important factors, among others, that may affect actual results or outcomes include, among others: t he Company’s ability to secure the necessary funding to execute on the FX strategy and the UAE strategy, which will be substantial; the Company’s Global Automotive Industry Bridge Strategy, which is subject to numerous risks and uncertainties; the Company’s ability to continue as a going concern and improve its liquidity and financial position; the Company’s ability to pay its outstanding obligations; the Company's ability to remediate its material weaknesses in internal control over financial reporting and the risks related to the restatement of previously issued consolidated financial statements; the Company’s limited operating history and the significant barriers to growth it faces; the Company’s history of losses and expectation of continued losses; the success of the Company’s payroll expense reduction plan; the Company’s ability to execute on its plans to develop and market its vehicles and the timing of these development programs; the Company’s estimates of the size of the markets for its vehicles and cost to bring those vehicles to market; the rate and degree of market acceptance of the Company’s vehicles; the Company’s ability to cover future warranty claims; the success of other competing manufacturers; the performance and security of the Company’s vehicles; current and potential litigation involving the Company; the Company’s ability to receive funds from, satisfy the conditions precedent of and close on the various financings described elsewhere by the Company; the result of future financing efforts, the failure of any of which could result in the Company seeking protection under the Bankruptcy Code; the Company’s indebtedness; the Company’s ability to cover

future warranty claims; the Company’s ability to use its “at-the-market” program; insurance coverage; general economic and market conditions impacting demand for the Company’s products; potential negative impacts of a reverse stock split; potential cost, headcount and salary reduction actions may not be sufficient or may not achieve their expected results; circumstances outside of the Company's control, such as natural disasters, climate change, health epidemics and pandemics, terrorist attacks, and civil unrest; risks related to the Company's operations in China; the success of the Company's remedial measures taken in response to the Special Committee findings; the Company’s dependence on its suppliers and contract manufacturer; the Company's ability to develop and protect its technologies; the Company's ability to protect against cybersecurity risks; and the ability of the Company to attract and retain employees, any adverse developments in existing legal proceedings or the initiation of new legal proceedings, and volatility of the Company’s stock price. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of the Company’s Form 10-K filed with the SEC on May 28, 2024, as amended on May 30, 2024, and June 24, 2024, as updated by the “Risk Factors” section of the Company’s first quarter 2024 Form 10-Q filed with the SEC on July 30, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

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