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JT&N Helped Chijet Motor Complete De-SPAC and List on NASDAQ Main Board

2023-06-07/ RECENT DEALS/

On June 2, 2023, Chijet Motor Company, Inc. (“Chijet Motor”) successfully merged with Jupiter Wellness Acquisition Corp., a special purpose acquisition company (SPAC), and was officially listed on the NASDAQ Main Board with the stock code of CJET.

As Chijet Motor’s China legal advisor, JT&N provided professional and efficient China legal services for the De-SPAC project, including conducting legal due diligence, analyzing and resolving key legal issues, reviewing the content of the transaction documents related to China laws and interests in China, participating in the drafting of the SEC disclosure documents (Form F-4) related to China laws, assisting in responding to regulators’ questions, etc. The project was led by senior partners Yinhong LIU, Yan CHEN, Hua ZHAO, and Pingbao YU, and project members included Qianqian YAO, Dingding MA, Yinan ZHU, Xuan LIU, and Huihui ZHOU.

Chijet Motor, established in 2021, is a new energy vehicle group with Shandong Baoya New Energy Vehicle Co., Ltd. and its holding subsidiary FAW Jilin Automobile Company Ltd. as its main business body. It is mainly engaged in the design, research and development, production, sales, and export of new energy vehicles. FAW Jilin Automobile Company Ltd. has more than 40 years of car manufacturing history, with a total production and sales of 1.57 million vehicles and export destination covering more than 70 countries and regions in Asia, America, Africa, and Europe.

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