Beiqi Foton Motor to invest in automotive industry fund

Beiqi Foton Motor plans to invest CNY 500 million in the Beijing Anpeng Automotive Industry Fund as a limited partner, aiming to fortify its supply chain and tap into cutting-edge technologies. The fund, managed by Shenzhen Anpeng Equity Investment Fund Management Co., focuses on sectors related to automotive manufacturing, including clean energy, intelligent connectivity, and advanced materials. The investment, approved by Beiqi Foton's board and supervisors, is deemed a related-party transaction due to the involvement of the company’s parent group and will not materially impact the company's financial standing or operations. The investment aligns with Beiqi Foton's strategic objectives to boost competitiveness and profitability within the automotive industry.