Foton Motor provides $59.91 bn in new guarantees, highlights affiliate support

Beiqi Foton Motor Co., Ltd. announced its guarantee progress as of October 2025, detailing significant financial support for its affiliated entities. The company's total external guarantees, excluding repurchase commitments, reached $59.91 bn for April-October 2025, with an additional $75.00 bn for repurchase commitments. Guarantees for wholly-owned subsidiaries amounted to $11.50 bn, while no guarantees were provided for controlled subsidiaries. Guarantees for controlling shareholders and related parties totaled $48.41 bn.

As of the end of October 2025, the outstanding balance of external guarantees, excluding repurchase commitments, stood at $97.96 bn. Guarantees for wholly-owned subsidiaries accounted for $29.48 bn, while guarantees for controlling shareholders and related parties amounted to $60.70 bn. All guarantees were within the scope of the annual authorization approved by the shareholders' meeting, and the company reported no overdue guarantees.

The guarantees primarily support Beijing Zhongche Xinrong Auto Retail Technology Co., Ltd. and Beijing Foton International Trade Co., Ltd. The purpose is to boost Foton Motor's product sales, facilitate financing for suppliers, and ensure the operational liquidity of its overseas sales subsidiary. These guarantees represent 68.40%, 28.78%, 20.58%, 0.00%, and 42.38% of the company's net assets from the latest audited period, respectively.