Chijet Motor to acquire up to $1B in EdgeAI tokens

CHIJET MOTOR (CJET) COMPANY signed a definitive agreement with EdgeAI Frontier Technologyto acquire up to $1 billion in EdgeAI tokens at an exclusive 20% discount to prevailing market prices. The Agreement builds on the previously announced strategic alignment and represents a meaningful expansion of the partnership into the digital asset space, delivering immediate economic benefits while positioning Chijet as a meaningful participant in decentralized intelligence and blockchain-enabled technologies. The discounted purchase structure is expected to generate approximately $200 million in upfront value for Chijet relative to current market rates, while establishing a robust cryptocurrency treasury. EdgeAI will act as the Company’s primary advisor on digital assets, offering expertise in token acquisition strategies, treasury management, and risk mitigation. Under the Agreement, Chijet will also serve as a validator node on the EdgeAI blockchain network, enabling the Company to earn staking rewards and generate recurring revenue. The parties intend to explore additional opportunities, including the potential joint development of a multi-strategy digital asset investment vehicle. The partnership has an initial term of five years. All token acquisitions, custody solutions, and related activities will be implemented in full compliance with Chijet’s internal governance policies and applicable regulatory requirements.