Foton Motors: Received 124 million yuan in national subsidies for the promotion of new energy vehicles.

Foton Motor announced on the evening of May 21 that the company has recently received 124 million yuan in central subsidies for the promotion of new energy vehicles transferred by the Beijing Municipal Finance Bureau. The subsidy received this time will not affect the current period's profit, and will directly offset the company's accounts receivable for new energy subsidies, positively impacting the company's cash flow and reducing the amount of funds tied up.