FF has launched and initiated the pioneering "EAI+Crypto" dual flywheel & dual bridge ecological strategy, starting the first basket index C10 Treasury plan of the top ten cryptocurrency assets in the US stock market and releasing the "C10 Index", promoting the complete Web3 transformation of the transportation industry.

●FF launches the first top ten cryptocurrency asset basket index C10 Treasury plan in the US stock market and releases the "C10 Index"; C10 Treasury accumulates and compounds the global top ten cryptocurrency asset portfolio (excluding stablecoins), aiming to become the primary treasury of the C10 asset portfolio. ●C10 Treasury will adopt a combination configuration of "80% passive + 20% active" to provide potential sustainable returns, funding product innovation, potential stock buybacks, and further asset growth. ● Purchase of encrypted assets through special financing dedicated funds. The first strategic phase includes an asset procurement plan of up to 500-1 billion USD, with the first allocation of 30 million USD expected to enter the implementation phase as early as next week; in subsequent phases, we hope to accelerate the growth of asset scale and reach hundreds of billions of USD as soon as possible. ●FF today announced the first four products of the Crypto flywheel: C10 Index (www.c10index.com), C10 Treasury, Crypto+EAI ecological application, and the future C10 ETF. ● California State Treasurer Fiona Ma expressed her support and endorsement for FF's new strategy through a video speech. ● The company is applying to register its wholly-owned subsidiary FFAI Crypto Treasury and Bridging Holdings Inc., along with its subordinate companies, specializing in cryptocurrency business; it is also exploring the possibility of launching ETF products in the future. ●The Crypto strategy will promote the leapfrog growth of FF, striving to create a pioneer in the era of encryption assets, and becoming the first US-listed company to link on-chain and off-chain assets, as well as the groups of stockholders and chain holders. ● The "Dual Flywheel & Dual Bridge" strategy is a profound practice of the "Shareholders and Investors First" philosophy, aiming to accelerate the maximization of shareholder and investor benefits. Beijing Time, August 17 - Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI), a global shared intelligent electric mobility ecosystem company based in California, USA (hereinafter referred to as "Faraday Future" or "FF" or "the Company"), officially released and launched its pioneering "EAI+Crypto" dual flywheel & dual bridge ecological strategy today, marking the beginning of a new chapter in the integration of intelligent mobility and Web3. FF's major strategy announced at Pebble Beach leverages EAI and Crypto as core driving forces to create a dual-flywheel system, constructing an independently operating, bi-directionally empowering Web2 + Web3 dual-engine cyclical growth system. This forms a robustly operating EAI EV ecosystem characterized by steady accumulation and gradual release, effectively combining it with a rapidly operating, immediate-impact Crypto ecosystem, enabling mutual empowerment. It demonstrates FF's strategic foresight in the new era of global industry and finance. EAI + Crypto dual flywheel, creating a new growth paradigm FF believes that AI represents a new productivity revolution, while Crypto and web3 represent a transformation in production relations. The combination of the two will be a once-in-a-decade transformative opportunity. FF hopes to be a promoter of this super-dimensional integration of AI and Crypto. "The next ten years will be a super long bull market for the Crypto market," said Ian Calderon, co-creator of FF and one of the founders of the California Blockchain Working Group. "FF is building a dual-engine circular growth system that effectively combines the robustly operating EAI EV ecosystem with the rapidly operating Crypto ecosystem. The dual flywheels will empower each other to redefine the market for smart mobility and encrypted assets." "The launch event today by FF is a vivid embodiment of California's pioneering spirit. It tightly integrates smart electric vehicles, blockchain, Web2 and Web3, as well as industry, capital, and technology." California State Treasurer Fiona Ma stated, "This model has the potential to drive our economic development, create high-quality job opportunities, attract top investments, and promote sustainable development on a global scale." Build a bridge linking Web2 and Web3 FF has become one of the first publicly listed companies in the world to directly link real-world business with on-chain assets through the launch of its dual-flywheel strategy, breaking the boundaries between Web2 and Web3. The company plans to launch EAI EV asset on-chain, creating an ecological application of EAI travel + Web3 + blockchain technology + encryption assets. "The dual flywheel & dual bridge strategy reflects our profound insights into the future trends of the global economy," said Jia Yueting, founder and Co-CEO of FF. "FF is not just transitioning to the Web3 era, but is actively building this era. This is precisely how we create new value for our shareholders." The world's first C10 Index and C10 Treasury program FF officially launched the C10 Index, which is the first market encryption asset basket index initiated by publicly listed companies in the US (excluding stablecoins). The base number of this index is 1000, with the base point taken from the data at 0:00 UTC on August 16. The dynamic changes of C10 can be viewed in real-time on FF.com or by downloading the FF App. FF has simultaneously launched the C10 Treasury product configured based on the "C10 Index." The first phase aims to procure a total of $500 million to $1 billion in crypto assets after securing the necessary funds. The initial configuration amount is $30 million. C10 Treasury will adopt a combination configuration of "80% passive + 20% active," aiming to provide sustainable returns, with an expected average annual interest rate of 3%-5% from the custodial lock-up, providing robust interest returns to fund product innovation, potential stock buybacks, and further asset growth. FF plans to jointly build C10 Treasury and FFAI ballast with its fixed income and reserve crypto assets. FF will also explore ETF products based on the C10 Index and apply for licenses as soon as possible. Crypto flywheel will reshape the FF asset structure. The Crypto flywheel business is independently operated by FFAI Crypto Treasury and Bridging Holdings Inc., a wholly-owned subsidiary of the publicly listed company FFAI. Its goal is to enhance stable cash flow, increase positive net assets, achieve a continuous leap in company value, and obtain stable custodial lock-up interest income through on-chain asset reserves and compound interest, reduce reliance on high-cost financing, and reshape the company's asset structure. Dual Flywheel Isolation Mechanism: Independently, Asset Transparency EAI EV business and Crypto business are two independent entities under the listed company FFAI, with the core principles being: legal entity independence, operational independence, account independence, asset transparency, and future governance independence. Crypto assets are held in custody by a third party and are completely isolated from the automotive business in terms of law and capital; the holding situation is publicly transparent and can be verified on-chain. This isolation mechanism ensures that funds and risks are independently controllable, while also allowing industry and capital to work together, ensuring safety, transparency, efficiency, and sustainability. FF, through the linkage of stock and coin, provides investors with the opportunity to enjoy dual returns. This is a deep implementation of the core commitment of "Shareholders and Stockholders First," aiming to significantly accelerate the maximization of the interests of shareholders and stockholders.