BDStar Navigation plans employee stock ownership program

Beijing BDStar Navigation (SZSE:002151) announced the approval of its 2025 employee stock ownership plan at its seventh board meeting. The plan aims to improve corporate governance and team cohesion. Six directors voted in favor, with related director Huang Lei abstaining. The plan, along with its management methods, requires shareholder approval. The board also approved opening a dedicated fund account for its subsidiary, Xinhewu (Shanghai) Technology. The company plans to hold its first extraordinary general meeting for 2025 on April 7th. The board approved the meeting and is seeking shareholder authorization for the employee stock plan.