Beiqi Foton Motor Plans to Buy Assets from Loxa's Unit for CNY 292.2 Million

BEIQI FOTON MOTOR CO., LTD. is a China-based company primarily engaged in the manufacturing and sales of automobiles. The Company mainly operates through seven business segments: Light Cars, Large and Medium-sized Passenger Cars, Engines, Overseas Markets, the Management, Research and Development, Heavy Machineries and Others. The Company's main products include light trucks, medium trucks, heavy trucks, light buses, large and medium-sized passenger cars and other commercial vehicles. The Company’s products also include the engines and other parts and components. The Company mainly sells its products under the brands of AUMAN, AUV, OLLIN and other brands.