Summary by Futu AI
The twelfth meeting of the eighth Board of Directors of BYD Company Limited was held on December 26, 2024, where all directors unanimously passed the proposal on authorizing the company management to formulate the . The resolution aims to enhance the company's investment value, strengthen and regulate market cap management behavior, and protect the legitimate rights and interests of the company and its investors.The Board of Directors agreed to authorize the company management to formulate the Market Cap Management System, and will fulfill the information disclosure obligations as required by the Shenzhen Stock Exchange. This move complies with the relevant regulations of the China Securities Regulatory Commission's "Guidelines for the Regulation of Listed Companies No. 10 - Market Cap Management" and considers the actual situation of the company. The proposal does not need to be submitted to the company's shareholders' meeting for review, demonstrating the company's proactive actions in enhancing market value.
