Business Context and Reporting Period
This Form 6-K filing by Chijet Motor Company, Inc. (hereinafter referred to as Digital Currency X Technology Inc. pending regulatory approval) covers the Annual General Meeting held on September 25, 2025. The registrant is a foreign private issuer headquartered in Yantai, Shandong, China, and files annual reports under Form 20-F.
Key Financial Metrics
The filing text does not provide specific numerical values for revenue, profit, cash flow, margins, debt, or liquidity. While the Company presented financial information for the fiscal year ended December 31, 2024, to shareholders during the meeting, the specific figures are not disclosed within this document.
Material Changes and Corporate Actions
- Share Consolidation: Shareholders approved a share consolidation ratio of up to 100-for-1 for both Class A and Class B ordinary shares. The exact ratio within this range will be determined by the Board of Directors. Par value will adjust from US$0.003 to not more than US$0.3 per share.
- Change of Name: Subject to approval by the Cayman Islands Registrar of Companies, the Company will change its name from "Chijet Motor Company, Inc." to "Digital Currency X Technology Inc."
- Charter Amendment: The Company will adopt a Third Amended and Restated Memorandum and Articles of Association, contingent upon the effectiveness of the share consolidation and name change.
Guidance, Outlook, and Risks
The filing does not contain forward-looking guidance, management commentary on future performance, or specific risk factors beyond the standard contingencies associated with the proposed corporate actions. The implementation of the share consolidation and name change is conditional upon regulatory approvals and Board discretion regarding the exact consolidation ratio.
Investor Verification Checklist
- Verify the exact share consolidation ratio once announced by the Board of Directors.
- Confirm the official effective date of the name change with the Cayman Islands Registrar of Companies.
- Review the full financial statements for the fiscal year ended December 31, 2024, which were presented at the meeting but not detailed in this filing.
- Monitor the treatment of fractional shares resulting from the consolidation to understand potential minor adjustments to ownership percentages.