**Movella Holdings Inc. Completes Corporate Restructuring** *Los Angeles, CA - May 6, 2025* - Movella Holdings Inc. has announced the successful completion of its corporate restructuring process. The restructuring involved Movella Inc., a wholly-owned subsidiary, and its secured lenders. As part of the restructuring, a Restructuring Agreement was reached with FP Credit Partners II AIV, L.P., FP Credit Partners Phoenix II AIV, L.P., and related entities. This agreement addressed ongoing defaults under a previous Note Purchase Agreement from 2022. Movella Holdings Inc. has been released from its guaranty obligations, and the FP Noteholders have exchanged their existing obligations for 100% equity in Movella and a new $50 million replacement note. The equity is now owned by Movella Holdings NewCo, LP, affiliated with the FP Shareholders. Additionally, an Earnout Agreement has been established, allowing potential future payments to Movella Holdings Inc. based on certain conditions over a seven-year period. The restructuring has led to Movella Holdings Inc. rebranding as MVLA Holdings, Inc. The process has not affected the ownership interests in the company, with all prior equity holders retaining their stakes.