BYD repurchased 1.452 million shares of the company for the first time for 433 million yuan to implement the employee stock ownership plan

IT House June 1 news, tonight, BYD issued an announcement saying that it plans to use its own funds to repurchase the RMB ordinary shares (A shares) issued by the company through centralized bidding or other methods approved by the China Securities Regulatory Commission. All for employee stock ownership plans.The total amount of funds for the share repurchase shall not exceed RMB 1.85 billion (inclusive), and shall not be less than RMB 1.8 billion (inclusive).

BYD said that on June 1, 2022, the company repurchased shares for the first time in a centralized bidding transaction through the repurchase special securities account. The number of A shares repurchased was 1,452,084 shares, accounting for 0.04988% of the company’s total shares, and the highest transaction price was 300 yuan / share, the lowest transaction price is 293.37 yuan / share,The total transaction amount was RMB 432,967,997.95 (excluding transaction fees).

BYD said that in order to further activate the company’s technological innovation capabilities, maintain industry competitive advantages, and promote the company’s long-term sustainable development, the company plans to implement share repurchase for the employee stock ownership plan, and continue to improve the long-term incentive and restraint mechanism for mutual benefit and win-win results.Effectively align shareholder interests, company interests and core team and personal interests, enhance the overall value of the company. The repurchase of shares fully combines the company’s operation, finance, research and development, debt performance capabilities and future development. The company’s management believes that this repurchase will not have any significant impact on the company’s operations, finance, research and development, debt performance capabilities and future development. Negative Effects.