Summary by Futu AI
BYD Company Limited announced on July 15, 2024 that the second lock-up period of its 2022 employee shareholding plan has expired and the unlocking conditions have been met. The plan was approved by the shareholders' meeting in 2022 and completed non-trading transfer on July 14 of the same year, transferring 5,511,024 shares of the company's stock to a dedicated account. At the end of the second lock-up period, 1,653,307 shares can be unlocked, accounting for 0.057% of the total share capital of the company. The company's revenue growth rate was 42.04% in 2023, exceeding the performance target of 20%. Employee individual performance evaluation will be carried out according to the company's regulations, and the actual unlocked shares will be determined based on the evaluation results. BYD will continue to fulfill its information disclosure obligations in a timely manner in accordance with laws and regulations.