BYD Company Limited announced that it will launch an employee stock ownership plan (draft) in 2024, aiming to enhance employee cohesion and company competitiveness through stock-based incentives, and promote the long-term healthy development of the company. The plan will target middle management and core staff of the group, with a maximum of 150 participants. The total share of the employee stock ownership plan does not exceed 0.22 billion shares, with a subscription price of 1 yuan per share, and the total amount of funds involved does not exceed 0.22 billion yuan. The source of funds comes from legal employee compensation, self-raised funds, and other legal means, and the company does not provide financial assistance or loan guarantees. Stocks will be sourced through the secondary market, with a duration of 72 months and a phased unlock mechanism. The plan can only be implemented after approval by the shareholders' meeting and has been reviewed and approved by the board of directors. Chairman Wang Chuanfu of BYD Company Limited issued this announcement on October 18, 2024.

BYD Company Limited announced that it will launch an employee stock ownership plan (draft) in 2024, aiming to enhance employee cohesion and company competitiveness through stock-based incentives, and promote the long-term healthy development of the company. The plan will target middle management and core staff of the group, with a maximum of 150 participants. The total share of the employee stock ownership plan does not exceed 0.22 billion shares, with a subscription price of 1 yuan per share, and the total amount of funds involved does not exceed 0.22 billion yuan. The source of funds comes from legal employee compensation, self-raised funds, and other legal means, and the company does not provide financial assistance or loan guarantees. Stocks will be sourced through the secondary market, with a duration of 72 months and a phased unlock mechanism. The plan can only be implemented after approval by the shareholders' meeting and has been reviewed and approved by the board of directors. Chairman Wang Chuanfu of BYD Company Limited issued this announcement on October 18, 2024.