Foton Motor concludes fifth employee stock plan after share disposal

Beiqi Foton Motor Co., Ltd. has completed its fifth employee stock ownership plan, with all 1,492,650 shares held by the plan now disposed. The company's board approved the plan on August 12, 2020, and shareholders on September 25, 2020, with shares transferred to a dedicated account on November 8, 2022. The plan’s lock-up period ended on November 9, 2025, after which the company proceeded with the disposal of shares.

The disposal involved 211,145 shares through non-transactional transfer and 1,281,505 shares sold through centralized competitive bidding. The company states that it adhered to market trading rules and regulatory requirements.

Following the full disposal, Beiqi Foton Motor's fifth phase employee stock ownership plan has officially concluded and will proceed with asset liquidation and distribution.