Foton Motor: Beiqi Yin Valley plans to raise a total of no more than 6 billion yuan. The company plans to subscribe for up to 2.5 billion yuan of its shares.

Foton Motor announced that the company plans to subscribe for the issuance of shares to specific entities by BAIC BluePark in an amount not exceeding 2.5 billion yuan. BAIC BluePark plans to raise a total of no more than 6 billion yuan, with BAIC Group intending to subscribe for no more than 500 million yuan, and the remaining amount to be subscribed by other issuing entities in cash. This transaction constitutes a related party transaction and does not constitute a major asset restructuring.