Beiqi Foton Motor receives substantial government subsidies

Beiqi Foton Motor Co., Ltd. disclosed on August 29, 2025, that it has received government subsidies totaling CNY 34,828,000. This substantial amount represents 43.24% of the company's net profit attributable to shareholders of listed companies, as audited for the 2024 fiscal year.

In accordance with relevant regulations, particularly Article 16 of the Accounting Standards for Business Enterprises concerning government subsidies, these funds are categorized as income-related government subsidies. The company anticipates that this subsidy will positively impact its profit for the 2025 fiscal year.

The precise accounting treatment and the ultimate effect on the company's 2025 profit and loss will be subject to confirmation during the annual audit by its accountants. Investors are advised to exercise caution and be aware of potential investment risks.