Does Beiqi Foton Motor Co., Ltd. have any mergers and acquisitions?

Yes On September/0/5, 2022, CITIC Jiantou Securities Co., Ltd. was entrusted as the financial consultant of Beijing Automotive Group Co., Ltd., and did not make an offer to acquire Beiqi Foton Motor Co., Ltd., and the continuous supervision period was from the date when the listed company announced the acquisition report of Beiqi Foton Motor Co., Ltd. to/0/2 months after the completion of the acquisition. Buyers and their concerted parties hold more than 30% of the shares of listed companies, which leads BAIC Group to subscribe for the non-public offering of shares of listed companies and triggers the obligation of tender offer stipulated in the Measures for the Administration of Acquisition of Listed Companies.