BYD completes 2025 employee stock ownership plan purchase

BYD Co., Ltd. (SZSE:002594) announced the completion of its 2025 Employee Stock Ownership Plan, after securing shareholder approval earlier this year. As of the announcement date, the plan has acquired 10,714,990 shares of the company, representing 0.3526% of BYD's total share capital. The average transaction price was approximately CNY372.18 per share, totaling CNY3,987,912,042.01 (excluding transaction costs). The funding came from incentive funds, employee compensation, and employee contributions. The employee stock ownership plan will be unlocked in three phases, 30% after 12 months, 30% after 24 months, and the remaining 40% after 36 months. The plan's duration is 48 months. BYD affirms adherence to market regulations and insider trading rules throughout the implementation.