Ideanomics Inc. (Nasdaq: IDEX) has today announced Mr. Steven Fadem has been appointed to its Board of Directors effective immediately. Mr. Fadem will hold this position until the Company's next annual meeting of stockholders. Mr. Fadem replaces Mr. Jin Shi, who recently stepped down after serving on the board for a number of years.

"We are very pleased to welcome Mr. Fadem to our Board of Directors. Steve is a seasoned leader with the experience and acumen necessary for helping the company create shareholder value", said Mr. Alf Poor, CEO of Ideanomics. "In addition to Steve's operational, accounting, and legal expertise he has also overseen cutting-edge technology companies through turn around and product pivot situations – resulting in profit, growth, and acquisition. This type of experience is invaluable to Ideanomics in the coming years, as we look to enter a period of sustained profitability and growth."

"I am extremely excited to be part of this dynamic team which is building a 21st-century market platform utilizing cutting-edge technologies and sophisticated approaches to the debt markets," said Mr. Steven Fadem, Director of Ideanomics.

Mr. Steven Fadem is an innovative executive and thought leader with substantial experience building media, entertainment, technology, information services, big data and cybersecurity companies with experience in the digital transformation of traditional businesses. Mr. Fadem has successfully launched start-ups; turned-around and revitalized complex corporate businesses and created long-term-value for professional services organizations. Steven Fadem was the Chairman of Global Data Sentinel, a cybersecurity firm he co-founded in 2014. In his capacity as Chairman, he has led the company's strategic development and capital formation. Previously, Mr. Fadem ran several private equity-backed companies in the media, energy and financial services areas; the business side of a top-five Am Law firm, Kirkland & Ellis; and a major financial services firm, Geller & Co. which, among other things, possesses a major multifamily office servicing the ultra-high net worth community and is the outsourced CFO for Bloomberg L.P. Mr. Fadem received his JD from Emory University of Law and a B.S. in Economics, Finance, and Political Science from University of Pennsylvania – The Wharton School.

About Ideanomics

Ideanomicsis a global Financial Technology (Fintech) company for transformative industries. Ideanomics combines deal origination and enablement with the application of technologies such as artificial intelligence, blockchain, and others as part of the next- generation of smart financial services. Our projects in New Energy Vehicle markets, Fintech, and advisory services provides our customers and partners better efficiencies, technologies, and access to global markets.

Ideanomics, through its investments and, along with its partners curate innovation around the globe through hubs and centers that foster a pipeline of technological excellence in cleantech, fintech, tradetech, agritech, regtech, insuretech, playtech, healthtech, cyber security, and more.

The company is headquartered in New York, NY, and has offices in Beijing, China. It also has a planned global center for Technology and Innovation in West Hartford, CT, named Fintech Village.