Core Viewpoint - The company has decided to extend the duration of its 2022 employee stock ownership plan by 12 months, now set to expire on April 18, 2027, to support the interests of plan participants and reflect confidence in the company's future stability [1][4]. Group 1: Meeting Details - The company's 11th Board of Directors held its sixth meeting on February 4, 2026, with all 9 directors present, and the meeting complied with relevant laws and regulations [1][2]. - The resolution to extend the employee stock ownership plan was passed with 6 votes in favor, while 3 directors, who are also plan participants, abstained from voting [2]. Group 2: Employee Stock Ownership Plan Overview - The employee stock ownership plan was initially approved in 2022, with a lock-up period of 12 months, during which 55,187,637 shares were transferred to the plan, representing 5.01% of the company's total shares at that time [4][5]. - As of the announcement date, the plan still holds 37,608,299 shares, accounting for 3.04% of the company's total shares [5]. Group 3: Extension Rationale - The extension of the employee stock ownership plan was based on the confidence in the company's ongoing stable development and the need to protect the interests of the plan participants [4][5]. - A meeting of the plan participants was held on February 3, 2026, where the extension proposal was approved before being submitted to the Board for final approval [5].

Group 1 - The employee stock ownership plan (ESOP) of the company will expire on July 29, 2026, with a total duration of 48 months starting from the last transfer of shares to the ESOP account on July 30, 2022 [3][6] - The ESOP was approved during the board and shareholder meetings held in July 2022, allowing the company to implement the plan [1][2] - As of January 28, 2026, the ESOP holds 772,650 shares, representing 0.0408% of the company's total share capital [3] Group 2 - The ESOP shares will be unlocked in three phases: 30% after 12 months, 30% after 24 months, and 40% after 36 months from the last transfer date [2] - If the shares are not fully sold or transferred 15 days before the expiration of the ESOP, the duration can be extended with the approval of two-thirds of the participating holders [4][5] - The ESOP can be terminated early if all shares are sold before the expiration date, or if the holders approve an extension [5]

Group 1 - The core point of the news is that BYD has completed the sale of all shares held under its 2022 employee stock ownership plan through centralized bidding, in compliance with relevant regulations [1] - The employee stock ownership plan was approved in meetings held on April 22, 2022, and May 27, 2022, with details disclosed in various announcements [1] - The first lock-up period of the employee stock ownership plan ended on July 15, 2023, with performance indicators met, and subsequent lock-up periods are scheduled for July 15, 2024, and July 15, 2025 [1] Group 2 - The company aims to attract and retain talented management and key personnel through the establishment of long-term incentive mechanisms and employee benefit-sharing mechanisms, with new employee stock ownership plans approved for 2024 and 2025 [2]

Core Points - The employee stock ownership plan (ESOP) of Shanghai Kaizhong Materials Technology Co., Ltd. is set to expire on January 5, 2026 [2][3] - The company has transferred 2.18 million shares to the ESOP account at a price of 8.51 yuan per share, with a total of 2.9939 million shares currently held in the plan, representing approximately 11.15% of the total share capital [2][3] Summary by Sections Employee Stock Ownership Plan Status - The ESOP was approved in meetings held on October 25, 2022, and November 15, 2022 [1] - As of the announcement date, the ESOP holds 2.9939 million shares after adjustments for rights distributions [2] Arrangements Before Expiration - The management committee will decide on the compliant disposal of rights before the expiration of the ESOP [3] - The ESOP can be extended if approved by the board and shareholders [3] Changes and Termination of the Plan - Any changes to the ESOP require a two-thirds majority approval from the holders and subsequent board and shareholder approval [3] - The ESOP can be terminated early with similar approval [3] Other Information - The company will continue to monitor the implementation of the ESOP and fulfill disclosure obligations as required by law [3]