Summary by Futu AI
BYD Company Limited (referred to as BYD) announced on October 30, 2024 that its 2024 employee shareholding plan has been legally supported by the Peking Deheng Law Firm. The plan aims to enhance employees' sense of belonging and motivation towards the company through employee shareholding and has been approved through relevant internal company procedures. According to the review by Peking Deheng Law Firm, BYD's employee shareholding plan complies with the requirements of relevant laws and regulations in China, and provides a legal and compliant way for participation in company financing. The implementation of the plan still requires approval by the board of directors. Members of BYD's board of directors include Executive Director Mr. Wang Chuanfu, Non-Executive Directors Mr. Lu Xiangyang and Mr. Xia Zuquan, as well as Independent Non-Executive Directors Mr. Cai Hongping, Mr. Zhang Min, and Ms. Yu Ling.