BYD Company Limited issued an announcement on October 18, 2024, detailing the explanation from the board of directors regarding the compliance of the 2024 employee stock ownership plan. The plan aims to establish and improve a mechanism for sharing interests between workers and owners, and it will help enhance corporate governance, strengthen employee cohesion, and competitiveness. The announcement pointed out that the employee stock ownership plan complies with the relevant laws and regulations such as the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans for Listed Companies, and the Shenzhen Stock Exchange's Self-Regulatory Guidelines for Listed Companies No...Show More

BYD Company Limited issued an announcement on October 18, 2024, detailing the explanation from the board of directors regarding the compliance of the 2024 employee stock ownership plan. The plan aims to establish and improve a mechanism for sharing interests between workers and owners, and it will help enhance corporate governance, strengthen employee cohesion, and competitiveness. The announcement pointed out that the employee stock ownership plan complies with the relevant laws and regulations such as the Company Law of the People's Republic of China, the Securities Law of the People's Republic of China, the Guiding Opinions on the Pilot Implementation of Employee Stock Ownership Plans for Listed Companies, and the Shenzhen Stock Exchange's Self-Regulatory Guidelines for Listed Companies No. 1. The board of directors of the company has solicited employee opinions and confirmed that the plan is legally valid, will not harm the interests of the company and shareholders, will not force employees to participate, and does not involve any financial assistance programs or arrangements. This plan is beneficial for attracting and retaining outstanding management talents, and achieving sustainable development for the company.