Foton Motor details significant guarantee progress, billions committed

Beiqi Foton Motor Co., Ltd. (Foton Motor) has disclosed significant updates regarding its annual guarantee plan as of November 2025. The company provided a guarantee of 1.72306 bn yuan to Beijing Anpeng Zhongrong Auto New Retail Technology Co., Ltd. and its subsidiaries, with the actual outstanding guarantee balance reaching 6.492 bn yuan by the end of November. Additionally, a 200 m yuan guarantee was issued to Beijing Foton International Trade Co., Ltd., resulting in an actual outstanding guarantee balance of 2.847 bn yuan. All these guarantees are within the pre-approved limits.

The cumulative external guarantee amount (excluding repurchase obligations) for the period of April to November 2025, made by Foton Motor and its controlled subsidiaries, totaled 79.14 bn yuan (occurrence amount). The external guarantee balance (excluding repurchase obligations) as of the end of November 2025 reached 101.22 bn yuan. Guarantees to the controlling shareholder and actual controller, and their related parties, amounted to 65.64 bn yuan (occurrence amount) and 64.92 bn yuan (outstanding balance), respectively.

These outstanding guarantees represent a significant portion of the company’s net assets, with guarantees to the controlling shareholder and actual controller, and their related parties, accounting for 45.83% and 70.68% of the latest audited net assets, respectively. Foton Motor stated that all guarantees fall within the scope of annual authorization approved by the shareholders' meeting and that there are no overdue guarantees.