BYD Company recently released the Audit Committee's review comments on the 2024 employee stock ownership plan, which aims to establish and improve the mechanism for the sharing of interests between workers and owners, enhance corporate governance, and strengthen employee cohesion and competitiveness. After reviewing relevant data and conducting discussions and analysis, the Audit Committee confirmed that the employee stock ownership plan complies with the relevant laws and regulations such as the Company Law, Securities Law, as well as the provisions of the Company's Articles of Association, and does not violate any laws or regulations prohibiting implementation. The plan has been solicited for employee opinions by the company's labor union federation and will be submitted for approval at the...Show More

BYD Company recently released the Audit Committee's review comments on the 2024 employee stock ownership plan, which aims to establish and improve the mechanism for the sharing of interests between workers and owners, enhance corporate governance, and strengthen employee cohesion and competitiveness. After reviewing relevant data and conducting discussions and analysis, the Audit Committee confirmed that the employee stock ownership plan complies with the relevant laws and regulations such as the Company Law, Securities Law, as well as the provisions of the Company's Articles of Association, and does not violate any laws or regulations prohibiting implementation. The plan has been solicited for employee opinions by the company's labor union federation and will be submitted for approval at the shareholders' meeting. The Audit Committee believes that this plan is beneficial for attracting and retaining outstanding management talents and achieving the company's sustainable development. The review process of the plan is legal and effective, will not harm the interests of the company and shareholders, does not compel employees to participate, or provide financial support to employees. The conditions for plan holders are in compliance, helping to stimulate employee initiative and creativity. The Audit Committee unanimously agreed to implement the plan on October 18, 2024.