Dear valued stakeholders,

We have an important announcement to make regarding the operations of Justly Markets LLC, a Broker-Dealer subsidiary of Ideanomics (IDEX). After careful consideration and a strategic business evaluation, Ideanomics has decided to cease operations of Justly Markets LLC to redirect its focus toward our core business in the electric vehicle (EV) industry.

We want to emphasize that Justly Markets LLC is not currently under investigation for any improprieties by its regulators, the Securities and Exchange Commission (SEC), or the Financial Industry Regulatory Authority (FINRA). This decision is purely strategic, aimed at aligning our efforts with our long-term goals and maximizing our commitment to the EV sector.

We want to extend our heartfelt gratitude to our issuers, investors, third-party vendors, and regulators for their support and collaboration throughout our journey. Your trust and partnership have been instrumental in our growth and success, and we are truly grateful for the relationships we have built.

If you have any inquiries or need further assistance, we kindly request that you direct your communication to Justly Markets LLC CEO/CCO Ricardo Gonzalez via email at rgonzalez@investjustly.com. Mr. Gonzalez and our team will be more than happy to address any questions or concerns you may have.

Once again, we would like to express our sincere appreciation for your ongoing support. We remain committed to our vision of driving innovation and transformation within the EV industry, and we look forward to continuing our journey with you.