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]