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FF appointed Brian Krolicki as Chairman of the Board

· FF's board also added Edwin Goh, a veteran of internet, investment banking and technology.

· The FF Board of Directors is made up of experts from different fields such as technology, automotive, finance, government and regulation, transportation and energy.

· Board members include FF Global CEO Carsten Breitfeld, Brian Krolicki, Matthias Aydt, Edwin Goh, Lee Liu, Sue Swenson, Jordan Vogel, Scott Vogel and Bob Ye.

LOS ANGELES, August 17, 2021 – Faraday Future Intelligent Electric Inc., a global shared intelligent mobility ecosystem based in California, U.S. ("FF") (NASDAQ transaction code: FFIE) announced today that Brian Krolicki, a member of the FF Board of Directors, has been formally appointed Chairman of the FF Board. FF's newly formed nine-member board of directors was completed on July 21 with Property Solutions Acquisition Corp. ("PSAC") was formed after the merger transaction.

FF's shares are currently traded on the NASDAQ exchange under the ticker symbol "FFIE". Among them, I stands for Intelligent and Internet, and E stands for Ecosystem and Electric. FF's flagship electric model, the FF 91, is scheduled to launch within 12 months of the merger transaction. Mr. Krolicki's leadership and board members' many years of deep experience in corporate affairs and the public sector will help FF achieve its vision of creating cutting-edge products and technologies for the market. The key external perspectives, innovative ideas and rich industry accumulation and knowledge brought by each board member will help FF achieve its mission and strategic objectives.

FF appointed Brian Krolicki as Chairman of the Board

Brian Krolicki, Chairman of the Board of Directors of FF

Mr. Brian Krolicki, Chairman of the Board of Directors of FF "I am honoured that FF and esteemed Board members have entrusted me with guiding the development of FF during this exciting and vital period of development", said Mr. Krolicki, "We are all deeply involved in advancing FF's cause of delivering FF 91 to users on time next year. "

Brian Krolicki is a veteran of the private banking sector and an expert in municipal finance. He began his career on Wall Street and worked for high-profile companies such as Smith Barney and Bankers Trust Company. During his 24-year career in public service, Brain won four landslide victories over Nevada's Lieutenant Governor and State Treasury Secretary. During his tenure as Nevada Treasury Secretary, Brian was elected chairman of the U.S. Association of Treasury Secretaries (NAST) and formed the NAST Corporate Governance Committee. He has served as President of the NAST Foundation, which promotes financial knowledge and education across the United States. He also served as Vice Chairman of the Nevada Department of Transportation (NDOT). Brian is currently an independent director on the FF Board of Directors and a board member of Vislink Technologies, Inc. and Nevada Nanotech Systems.

FF's global board members also include:

Dr. Carsten Breitfeld – Dr. Bifukang is the global CEO of FF and a world-renowned expert in the electric mobility industry, with a PhD in mechanical engineering.

Edwin Goh – Has extensive investment experience in the technology and internet industries. Mr. Goh has over 10 years of experience with Barclays in Europe and Asia, most recently as Head of Technology, Media and Telecommunications (TMT) for Barclays Asia Pacific. Prior to joining Barclays, Mr. Goh worked at Goldman Sachs in London and Bain & Company in Singapore and Los Angeles.

Lee Liu – is an experienced executive of a high-tech and Internet company and a human resources expert. He was the Senior Vice President of Human Resources and Chairman of Baidu Cloud Business. Prior to joining Baidu, Liu held various management positions in various regions and countries at Motorola, including Vice President of Global Human Resources.

Sue Swenson - Brings to FF extensive experience in leading global technology companies, having served as Chairman and CEO of Inseego Corporation (formerly Novatel Wireless), President and CoO of T-Mobile USA, President of Leap Wireless International, CEO of Cricket Communications, and Sage CEO of North America. Her public board experience includes Sonim Technologies Inc., Vislink Technologies, Inc., and Harmonic, Inc., among others.

Jordan Vogel - Previously served as Chairman, Co-CEO and Secretary of Property Solutions Acquisition Corp. Mr. Vogel has been active in the real estate investment and management sector in New York since 2001 and is also a co-founder and managing member of Benchmark Real Estate Group, LLC.

Scott Vogel - is a managing member of Vogel Partners, LLC, a private investment and consulting firm. Prior to joining Vogel Partners, Mr. Scott Vogel was a Managing Director of Davidson Kempner Capital Management from 2002 to 2016, investing in a variety of industries. He has also worked at MPF Investors, LLC and Chase Securities, Inc. He works in the Investment Banking Department. Mr. Vogel also serves on the public boards of Avaya, CBL, Alpha Metallurgical Resources and a number of private companies.

Matthias Aydt - Currently responsible for FF's product definition and business development team.

Bob Ye - Currently responsible for business development and capital related work in FF Asia and China.

FF 91 Futurist Alliance Edition and FF 91 Futurist Edition as the only intelligent Internet electric vehicle products representing the next generation, all-round cars, super car robots, and the third Internet living space, with extreme technology, extreme user experience and complete ecology. Both models have industry-leading 1,050 horsepower, the industry's largest 130 kWh battery pack with immersion liquid battery cooling technology, 100 km/h acceleration in less than 2.4 seconds, and the world's first three-motor electric vectoring torque in 2017, with dual rear-wheel dual motors independently controlled and rear-wheel steering.

At the same time, these two models also have a unique super mobile AP to achieve "speed of light" Internet connection, co-driver streaming media video display technology, rear intelligent Internet system, in-car video conferencing system, intelligent seamless entry technology, FFID face recognition technology, multi-finger blind control technology, with the industry's largest 150 degree elevation angle of zero gravity seats.

FF's 300 limited edition FF 91 Futurist League Edition has all been booked. Users can now pre-order the FF 91 Futurist version via the FF Intelligent APP or FF.com.