BYD (002594.SZ) plans to promote 2024 employee stock ownership plan

According to the Zhitong Finance App, BYD (002594.SZ) released the 2024 employee stock ownership plan (draft). The employee stock ownership plan uses “shares” as the subscription unit. The subscription price for each share is 1.00 yuan. The total share of the shareholding plan is no more than 220 million shares, and the total capital involved is no more than 220 million yuan. The source of shares in the shareholding plan is to obtain company shares through secondary market purchases (including but not limited to centralized bidding transactions, bulk transactions, agreement transfers, etc.) as permitted by laws and regulations.

The total number of employees participating in the shareholding plan is no more than 150. The duration of the shareholding plan is 72 months, starting from the date the employee's shareholding plan is reviewed and approved by the shareholders' meeting and the company announced the completion of the final share purchase. Before the expiration of the term of the employee's shareholding plan, the term of the employee's shareholding plan can be extended after the shareholders' meeting is approved by at least 2/3 of the shares held by the holders and submitted to the board of directors of the company for consideration and approval.