FF has taken formal legal action against Hua Qixin and his gang for alleged illegal short selling, continuing evidence collection and publicly soliciting leads from the public.
· The company has issued legal letters to multiple relevant platforms demanding the preservation of evidence and cooperation with legal investigations. One of the largest platforms has responded positively and removed the false information.
· The company has engaged the law firm Paul Hastings and has initiated regulatory complaint procedures, including preparing to submit potential complaint materials to the U.S. Securities and Exchange Commission (SEC).
· The company is now publicly soliciting clues and evidence related to suspected illegal short selling, dissemination of false information, and market manipulation.
On March 13, Beijing time, Faraday Future Intelligent Electric Inc. (Nasdaq: FFAI) (“Faraday Future,” “FF,” or “the Company”), a California-based global shared intelligent electric mobility ecosystem company, today announced that in response to recently identified suspected illegal short selling and the dissemination of false, misleading information to manipulate the market for improper gains, the Company has taken formal legal action and is continuing to advance evidence collection, regulatory complaints, and litigation preparations.
Recently, the Company discovered that Hua Qixin and his associates are suspected of spreading false statements, disseminating misleading content, and coordinating with related market trading activities to interfere with market perception, damage the Company's reputation, and cause severe negative impacts on the Company's stock price performance and the interests of shareholders and investors. The Company strongly condemns these actions.
To effectively safeguard the interests of shareholders and investors, FF has taken new substantive legal measures against the related suspected illegal short selling and market manipulation, including:
1. The Company has sent legal letters to relevant platforms, formally demanding the preservation of evidence and cooperation with legal investigations.
2. The Company has engaged the law firm Paul Hastings to evaluate relevant legal options and has initiated related regulatory complaint procedures, including preparing to submit potential complaint materials to the U.S. Securities and Exchange Commission (SEC) and related preparations for potential legal proceedings in the U.S. and/or China.
3. The Company has engaged professional law firms to advance related work. Currently, preliminary litigation materials have been completed. Subsequent evidence collection, fact-finding, and investigation work is ongoing in preparation for the next step of formal litigation.
4. In response to the suggestions and demands of the majority of shareholders and investors and to protect their interests, the Company is now publicly soliciting related clues and evidence. Anyone with information related to suspected illegal short selling, malicious dissemination of false information, market manipulation, etc., is welcome to send it to the Company's investor relations email: cn-ir@faradayfuture.com. The Company will handle all valid clues prudently in accordance with the law.
FF always adheres to the “Shareholders First” principle and maintains a zero-tolerance attitude towards any actions suspected of harming the Company, misleading the market, or infringing upon investor interests. The Company will continue to take all necessary legal and regulatory measures to resolutely uphold fair market order and the legitimate rights and interests of the Company and all shareholders and investors.
The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
