FFR has completed its acquisition of FFAI’s robotics business and issued and delivered common shares and non-voting convertible preferred shares to Smart Technology Holdings Ltd. , a subsidiary of FFAI, as transaction consideration. Following the October 23, 2026 closing, FFR shares trading on Nasdaq represent a company that now includes FF Robotics’ business and assets. Following the transaction, FFR continues trading on Nasdaq as a pure-play humanoid and bionic Physical AI robotics ecosystem company built around “Four-Core Full-Stack AI.” FFR believes it has become the No. 1 in K–12 robotics education in the U.S ., FFR’s next goal is to become the No. 1 company in robotics education nationwide, rank among the top three in the Physical AI robotics industry and become one of the most valuable companies in the Physical AI era. FFR has completed changes to its Board and management team, appointing YT Jia as CEO, Jerry Wang as Executive Chairman, and Chen Shi as Lead Independent Director, and Jason E. Dodier as independent director. FFR announced three new strategic partnerships: with well-known California -based professional services company KYA GROUP, California Science and Technology University , and with Pinnacle, one of Southern California’s leading real estate brokerages. FFR issued full-year 2026 guidance for the first time, expecting sales and shipments of approximately 2,000 robots for the acquired robotics business on a standalone full-year basis, with continued positive unit gross margins on robot deliveries. The guidance reflects management’s confidence in near-term performance and growth prospects, and its determination to accelerate efforts to maximize value for stockholders. NEW YORK --(BUSINESS WIRE)-- Faraday Future Intelligent Electric Inc. (NASDAQ: FFAI) (“FFAI” or “Faraday Future”), a California -based global Embodied AI (EAI) ecosystem company, today provided an update following FF EAI Robotics Ecosystem Inc. (NASDAQ: FFR) (“FFR”), a U.S .-based Embodied AI robotics company, announced at the deal closing and its first Investor Day event in New York that it had completed its acquisition of FFAI’s robotics business and related assets on October 23, 2026 . The related business operations and assets have been transferred to FFR, and FFR has issued and delivered common shares and non-voting convertible preferred shares to Smart Technology Holdings Ltd. , a subsidiary of FFAI, as transaction consideration. Following the transaction, FFR continues trading on Nasdaq as a pure-play company focused on humanoid and bionic Physical AI robotics within a “Four-Core Full-Stack AI” ecosystem. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20261026032491/en/ Faraday Future Announces Completion of FFR’s Acquisition of FFAI Robotics Business, Establishing a Nasdaq-Listed Humanoid and Bionic Robotics Platform October Robot Sales Expected to Exceed 300 Units; Unveils FF OmniMind, a Unified AI Brain for All Robots Watch Video: https://youtu.be/RmJ-wYDK_9Y FFR Completes Board and Management Changes; YT Jia Appointed CEO FFR has completed changes to its Board and management team. YT Jia will serve as CEO, Jerry Wang as Executive Chairman, and Chen Shi as Lead Independent Director, and Jason E. Dodier as independent director. YT Jia has voluntarily chosen not to increase his cash compensation in connection with his new role at this stage, as a step to align his personal interests with those of FFR and its stockholders. As the first U.S . company to deliver both humanoid and bionic robots, FFR is working to turn its first-mover advantage into a competitive lead. In less than a year, FFR has taken initial steps toward building a complete “Four-Core Full-Stack AI” ecosystem and developing distinct EAI technology strengths, including its “One Brain, All Robots; Multi-Forms , Multi-Capabilities” approach. FFR has completed Phase One of its “Built in USA” Acceleration Program, and FF Robot World 2.0 is now complete. “We believe FFR has become the No. 1 provider of K–12 robotics education in the United States , and will soon become the No. 1 company in robotics education nationwide. Over the next five years, our goal is to rank among the top three companies in the Physical AI robotics industry overall and to become one of the most valuable EAI companies in the Physical AI era,” said YT Jia, CEO of FFR and Global CEO of FFAI. FFR Unveils FF OmniMind, a Unified AI Brain Powering All Robotic Forms Under “One Brain, All Robots; Multi-Forms , Multi-Capabilities” FFR’s four-core ecosystem is advancing across the EAI Brain and Developer Platform, EAI Devices, Industry Productivity Solutions, and EAI Data Factory . FFR is also advancing development across its four industry ecosystems: Education and Research; Security and Inspection; Industrial and Logistics; and Commercial and Services. FFR announced that the brand name for FF Brain is FF OmniMind. Guided by the “One Br