Beijing Automotive Group Finance Co., Ltd.

Beijing Automotive Group Finance Co., Ltd. is a non-bank financial institution approved by the China Banking Regulatory Commission in October 2011. It was jointly established by four shareholders: Beijing Automotive Group Co., Ltd., Beijing Automotive Investment Co., Ltd., Beiqi Foton Motor Co., Ltd., and Beijing Hainachuan Automotive Parts Co., Ltd., with a registered capital of RMB 5 billion. Its functional positioning is to strengthen the centralized management of group funds, improve the efficiency of fund utilization, achieve optimal allocation of funds within the group, and reduce the cost of fund use. It serves as the platform for centralized fund management and operation within BAIC Group, primarily providing settlement, credit, and financial management consulting services to member units within the group. Subsequently, it will gradually be developed into the group's internal centralized fund management platform, financing service platform, automotive finance platform, and investment and financing management platform. Currently, the approved business scope includes: (1) providing financial and financing consulting, credit verification, and related consulting and agency services to member units; (2) assisting member units in the receipt and payment of transaction funds; (3) approved insurance agency business; (4) providing guarantees for member units; (5) handling entrusted loans among member units; (6) handling bill acceptance and discounting for member units; (7) handling internal transfer settlement among member units and corresponding settlement and clearing plan design; (8) absorbing deposits from member units; (9) providing loans and financial leasing to member units; (10) engaging in interbank lending.