Foton Motor： Release the financial business risk disposal plan.

On January 10th, the financial sector reported that Foton Motor announced that in order to effectively prevent, timely control and resolve the financial business risks of the company and its holding subsidiaries in BAIC Group Finance Co., Ltd. and ensure the safety and liquidity of funds, the financial business risk disposal plan was formulated. The financial business risks in the plan include deposit risk, credit risk of financial companies, compliance operation risk and reputation risk. The Company has set up a leading group for financial risk prevention and disposal, which is responsible for the prevention and disposal of the risks of funds associated with the Company and financial companies. The leading group is headed by the chairman of the company, with the chief financial officer as the deputy head. Other members include the secretary of the board of directors, the heads of the financial planning department, the audit department, the legal department and the financial management department. The office of the leading group is located in the financial planning department, with the company’s chief financial officer as the office director and the chief financial planning officer as the deputy director, responsible for timely monitoring and evaluating the financial company’s business qualifications, business and risk status, and starting the emergency response plan according to the emerging risk status.