BYD Company Limited announced its 2024 employee stock ownership plan (draft), which aims to establish and improve a mechanism for sharing benefits between the company and employees, attract and retain talent, and promote the company's long-term development. The participants of the plan are mid-level management personnel and key core employees of the group, with a participation limit of no more than 150 people. The total number of shares in the employee stock ownership plan does not exceed 0.22 billion shares, with a subscription price of 1 RMB per share, and the total amount of funds involved does not exceed 0.22 billion RMB. The source of the stocks will be purchased through the secondary market, and the total number of shares held by...Show More

BYD Company Limited announced its 2024 employee stock ownership plan (draft), which aims to establish and improve a mechanism for sharing benefits between the company and employees, attract and retain talent, and promote the company's long-term development. The participants of the plan are mid-level management personnel and key core employees of the group, with a participation limit of no more than 150 people. The total number of shares in the employee stock ownership plan does not exceed 0.22 billion shares, with a subscription price of 1 RMB per share, and the total amount of funds involved does not exceed 0.22 billion RMB. The source of the stocks will be purchased through the secondary market, and the total number of shares held by the employee stock ownership plan will not exceed 10% of the company's total share capital. The plan has a duration of 72 months, and the stocks will be unlocked in five phases. The plan still needs to be approved by the shareholders' meeting before implementation, and it has already been reviewed and approved by the company's board of directors on October 18, 2024.