Robo.ai Inc. applies to participate in Pre-Restructuring of JIDU Auto

Robo.ai officially submitted its application to the provisional administrator of Shanghai JIDU Automobile Co. seeking to participate in its pre-restructuring. Robo.ai has completed application submission. In accordance with the formal legal procedures, the company will proceed with the due diligence process as well as the submission and negotiation of the Pre-Restructuring Investment Plan, following due diligence deposit payment. The company cautions this submission represents a preliminary step in the pre-restructuring process. The final outcome of the restructuring is subject to the review and negotiations with the provisional administrator and relevant creditors of Jidu, and the approval of the court.