Foton Motor updates on August 2025 guarantee progress

Beiqi Foton Motor Co., Ltd. provided an update on its guarantee activities as of August 2025. The company's board of directors and shareholders previously approved annual guarantee plans, including various limits for subsidiaries, related parties, and external entities. Through August 2025, the company made new guarantees for Beijing CRRC Xinchuang Financial Leasing Co., Ltd. totaling CNY 245.45 million and for dealers totaling CNY 7 billion.

The total outstanding guarantee balance (excluding repurchase obligations) for Foton Motor and its controlled subsidiaries reached CNY 8.664 billion by the end of August 2025. Additionally, the outstanding balance for repurchase obligations was CNY 3.972 billion. Guarantees for the company's wholly-owned subsidiaries amounted to CNY 2.653 billion, while those for its controlled subsidiaries were CNY 0.

Guarantees for controlling shareholders, actual controllers, and their related parties amounted to CNY 5.238 billion. These guarantees represent significant percentages of the company's most recent audited net assets: 60.50%, 27.73%, 18.53%, 0%, and 36.57% respectively. All reported guarantees fall within the scope of the annual shareholder meeting's authorization, and there are no overdue guarantees.