BYD Co., Ltd. (01211) plans to implement the 2024 employee stock ownership plan

According to the Zhitong Finance App, BYD Co., Ltd. (01211) announced 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 employee shareholding plan does not exceed 220 million shares, and the total capital involved is no more than 220 million yuan.

The source of shares in the employee's stock ownership plan is the acquisition of 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 scope of participants in this employee stock ownership plan is the middle management and core key employees of the BYD Group. The total number of people participating in the employee stock ownership plan does not exceed 150, and the final number of participants is determined based on the actual payment status of the employees.

After the implementation of the employee's shareholding plan is completed, the total number of shares held by all effective employee stock ownership plans of the company shall not exceed 10% of the total share capital of the company, and the total number of shares corresponding to the employee's share ownership plan held by a single employee shall not exceed 1% of the total share capital of the company. The total number of shares held by the employee stock ownership plan does not include shares acquired by employees before the company's initial public offering, shares purchased on their own through the secondary market, and shares obtained through equity incentives.