Foton Motor's fifth employee stock plan lock-up period ending

Beiqi Foton Motor Co., Ltd. (Foton Motor) announced that the lock-up period for its fifth employee stock ownership plan, holding 1,492,650 shares, will expire on November 9, 2025. The shares were transferred to the plan's dedicated securities account on November 8, 2022, initiating a 36-month lock-up period. This plan was approved by the board on August 12, 2020, and by shareholders on September 25, 2020, with further resolutions passed by the board on October 13, 2022.

Following the expiration, the plan's management committee will decide on the disposition of the shares, adhering strictly to market trading rules and regulatory restrictions. These restrictions include blackout periods before annual, semi-annual, and quarterly reports, as well as during significant events. The entire plan has a maximum duration of 48 months, ending on November 9, 2026, though it may terminate earlier if all assets are distributed or be extended under specific circumstances, such as trading halts.

Foton Motor emphasized its commitment to continuously monitor the plan's progress and fulfill information disclosure obligations, advising investors to be aware of potential investment risks.