FOR IMMEDIATE RELEASE – New York, September 19, 2025 (GLOBE NEWSWIRE) — Chijet Motor Company, Inc. (NASDAQ: CJET) (“Chijet” or the “Company”) is pleased to announce the immediate appointment of Jason Miller to the position of Chief Operating Officer (COO). Mr. Miller’s primary focus will be leading the company’s strategic shift towards embracing the digital currency landscape.
This strategic maneuver will see Chijet exploring the integration of leading cryptocurrencies, including Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), directly into its corporate treasury. Mr. Miller’s extensive background will be instrumental in fostering greater financial stability, implementing smarter capital allocation strategies, and enabling Chijet to actively participate in the burgeoning decentralized finance (DeFi) sector. This aligns perfectly with the increasing acceptance of digital assets among institutional investors.
Mr. Miller brings over two decades of invaluable expertise in blockchain technology, digital identity solutions, and other emerging technologies. He has a proven track record of successfully scaling Web3 organizations and nurturing innovation. His previous experience includes holding key strategic roles at various blockchain and AI companies, serving as an advisor to prominent decentralized autonomous organizations (DAOs), overseeing operational aspects of blockchain advocacy initiatives, and providing consulting services to leading global technology and media enterprises. His comprehensive skill set makes him exceptionally well-suited to guide Chijet’s entry into the realm of digital asset treasury management, with a strong emphasis on secure custody, maximizing yield opportunities, and mitigating potential risks.
“Jason’s extensive experience in crafting and executing blockchain strategies makes him the perfect individual to spearhead our transformation,” stated Melissa Chen, Chief Executive Officer of Chijet. “We anticipate that, under his guidance, we will establish a strong and reliable presence in the digital asset custody and wallet space, capitalizing on the growing institutional interest, evolving regulatory environments, and the rising demand for trustworthy cryptocurrency solutions.”
As part of its transition, Chijet has defined a detailed operational plan for its Digital Currency Treasury Strategy:
- Q4 2025: Execute initial purchases of Bitcoin and Ethereum to build the Company’s preliminary treasury positions.
- Q1 2026: Implement a complete treasury management infrastructure, encompassing risk management protocols, yield optimization techniques, and comprehensive auditing procedures.
- Q2 2026: Investigate opportunities to engage in DeFi protocols and staking programs to boost treasury returns.
“We are seeing a major shift as institutions embrace digital assets, and companies that strategically incorporate digital asset treasury management are reaping the rewards through increased shareholder value,” commented Jason Miller. “Chijet is presented with a unique opportunity to become a significant player in the corporate Bitcoin strategy arena while the market is still relatively nascent. I am thrilled to leverage my expertise in blockchain to help position Chijet as a leader in this exciting new era of corporate finance.”
About Chijet Motor Company, Inc.
Chijet Motor Company, Inc. is primarily involved in the development, production, sales, and servicing of both traditional fuel vehicles and New Energy Vehicles (NEVs). The Company’s commitment to utilizing advanced manufacturing processes and maintaining a stable supply chain enables it to offer consumers high-performance vehicles at competitive prices. In addition to its expansive, modern vehicle production facility in Jilin, China, Chijet is constructing a dedicated NEV manufacturing plant in Yantai, China, which will commence operations upon completion. Chijet’s leadership team comprises seasoned industry professionals with decades of experience in engineering, design, management, finance, industrial production, and financial management. For more in-depth information about Chijet, please visit www.chijetmotors.com.
Safe Harbor Statement
This press release includes certain statements that constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, as amended. These statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These forward-looking statements represent the Company’s beliefs regarding future events and often contain words such as “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” “predict,” “project,” “seek,” “should,” “will,” and similar expressions. Forward-looking statements are subject to numerous risks and uncertainties, including, but not limited to: general economic conditions, competitive conditions, dependence on third parties, market acceptance, and changes in laws and regulations. Actual results could differ materially from those expressed in, or implied by, the forward-looking statements. The Company undertakes no obligation to update any forward-looking statements to reflect events or circumstances after the date hereof, except as may be required by law.
Investor Relations Contact:
Matthew Abenante, IRC
President
Strategic Investor Relations, LLC
Tel: 347-947-2093
Email: matthew@strategic-ir.com
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