Jia Yueting announced that he will establish a trust for creditors to deal with domestic debts.

Jia Yueting once again made a statement about "repaying debts." On September 20th, he proposed to establish a second creditors' trust, where half of his potential personal future income will be used to repay debts under the Chinese legal system. The details of the trust establishment, operation, and execution will be announced gradually. The aforementioned potential future income consists of two parts. One is the equity incentive he may receive after becoming co-CEO of Faraday Future. The other part is the potential income that may come from his investment in Qualigen Therapeutics through borrowing.