Foton Motor details guarantee plan progress for subsidiaries

Beiqi Foton Motor Co., Ltd. has disclosed its guarantee progress for September 2025, reporting a total new guarantee amount of 11.53615 bn yuan for its subsidiaries. As of September 2025, the actual guarantee balance provided by the company stands at 57.80 bn yuan. Foton Motor confirmed these guarantees fall within the previously approved annual guarantee plan and are backed by counter-guarantees from the respective entities.

The total outstanding external guarantees by the company and its controlled subsidiaries reached 94.65 bn yuan as of September 2025, with repurchase obligations totaling 39.76 bn yuan. Guarantees to wholly-owned subsidiaries amounted to 29.05 bn yuan, while guarantees to controlled subsidiaries were zero. Guarantees to the controlling shareholder and its related parties totaled 57.80 bn yuan, representing 40.36% of the company’s most recent audited net assets.

These guarantees primarily aim to support sales and financing for Foton Motor's products and suppliers, enhancing supply chain competitiveness. The company emphasizes that associated risks are manageable due to the profitability and solvency of the guaranteed entities, along with existing counter-guarantees. All guarantees are within the scope of authority granted by the annual general meeting, and there are no overdue guarantees.