Foton Motor terminates fourth employee stock plan after full share disposal

Beiqi Foton Motor Co. Ltd. announced the full disposal of all 14,409,425 shares held under its fourth employee stock ownership plan, leading to its termination. The plan, which commenced with share transfers on September 7, 2022, had a holding period set to expire on September 8, 2026, with the lock-up period ending on September 8, 2025.

Of the total shares, 12,518,846 were transferred via non-trading methods through the securities registration and settlement institution, while 1,890,579 shares were sold through centralized bidding. The company emphasized that it strictly adhered to market trading rules and regulatory requirements, ensuring no insider trading occurred.

Following the completion of the share disposal, Beiqi Foton Motor will proceed with the liquidation and distribution of assets for the fourth employee stock ownership plan as per relevant regulations.