Beiqi Foton approves financing, guarantees at shareholder meeting

Beiqi Foton Motor (SSE:600166) announced the resolutions passed at its third extraordinary general meeting of shareholders held on March 28, 2025. Key resolutions included the authorization for the management to handle financing and credit lines for the company during 2025, approval of a guarantee plan for non-related parties, and approval of a related-party guarantee plan. The company confirmed that the meeting adhered to relevant laws and regulations, with voting conducted through a combination of on-site and online methods. The total number of shares with voting rights represented at the meeting was 4,143,307,033, accounting for 52.3316% of the company's total shares with voting rights. The shareholders approved the financing and guarantee plans with substantial majorities, according to the voting results.