Beiqi Foton Motor updates on guarantee plan progress

Beiqi Foton Motor (SSE:600166) has released an announcement detailing the progress of its guarantees within the scope of its annual guarantee plan, as per Shanghai Stock Exchange requirements. As of May 2025, guarantees provided to Foton International Trade amounted to CNY 650 million, bringing the outstanding guarantee balance to CNY 2.32 billion. Additionally, guarantees to China Railway Trust, an affiliate, totaled CNY 738.17 million, resulting in an outstanding balance of CNY 4.52 billion. The announcement highlights that these guarantees fall within the authorization granted by the annual shareholders' meeting. Investors are reminded that China Railway Trust's asset-liability ratio exceeds 70%, warranting attention to potential investment risks. The announcement also details the resolutions passed by the board of directors and shareholders' meetings regarding the 2025 guarantee plans for non-affiliated and affiliated parties.