According to Faraday Future, the 2023 Annual General Meeting of Shareholders will be held at 9:00 am on April 14, 2023, Pacific Time. The AGM will be held online as a virtual meeting. The company also announced a change in the board of directors. Effective March 13, 2023, Mr. Matthias Aydt will no longer serve as a member of the FF board of directors. The board of directors has also appointed Ms. Han Li to replace Mr. Matthias Aydt. Mr. Matthias Aydt will continue as Executive Senior Vice President, Global Products and will focus his full attention on the upcoming FF 91 Futurist.
Since January 2022, Ms. Li Han has served as the General Counsel of Mirana Corp., a global investment firm focused on third-generation Internet (Web3) technologies. Ms. Li Han is an experienced business consultant and practical lawyer who has led multi-billion dollar mergers and acquisitions and capital raising transactions, venture capital, private equity and fund investments, and supervised information disclosure of listed companies in the judicial field, Extensive experience in governance and corporate compliance programs. Ms. Han Li was a partner in the Hong Kong office of O’Melveny & Myers, and she was also the former general counsel of Shanda Group. Additionally, Ms. Li Han has practiced as an attorney at Sullivan & Cromwell LLP and Davis Polk & Wardwell LLP, among other positions. She holds a Juris Doctor degree from Columbia University, a Master of Arts degree from Peking University, and a Bachelor of Arts degree from Fudan University.
The following issues will be discussed at FF’s annual general meeting:
- Election of the seven directors named in the accompanying proxy statement for a term through the 2024 Annual Meeting of Stockholders.
- Approves the selection of Mazars US LLP as the Company’s independent registered public accounting firm through December 31, 2023.
- To consider other matters that may be properly submitted to the annual general meeting for consideration.
The above items are more fully described in the company’s proxy statement filed with the SEC on March 17, 2023.
Faraday Future recently stated that FF plans to start production at its manufacturing plant “FF ieFactory California” in Hanford, California on March 30, 2023, subject to timely receipt of funds from the company’s investors and suppliers meeting supply chain requirements. The flagship model FF 91 Futurist, the first cars will roll off the assembly line in early April 2023 and be delivered to customers by the end of April 2023.
According to reports, through the Product and Technology Generation 2.0 (PT Gen 2.0) project, FF is completing the final testing and verification of the FF 91 Futurist. The upgrade from PT 1.0 to PT 2.0 includes major upgrades of systems and core components in the fields of vehicles and I.A.I. (Core Advanced Systems, i.e. Intelligence, Autonomous Driving and Internet). PT 2.0 is achieved through 26 major system and component upgrades, with 13 key upgrades spanning powertrain, battery, charging, chassis and interior, and another 13 from computing, sensing, communications, user interaction and FF 91 Futurist performance.
