Geely Auto Announces Employee Share Award Plan

Geely Auto, the largest privately-owned Chinese auto brand, announced their share award scheme to award top performing employees with shares from the company. Geely Automobile Holdings Limited (HK.0175) Board of Directors approved issuance of 350 million shares to be distributed as bonuses in the future. The first batch over 167 million shares has been awarded to 10,884 top performing employees in 2021.

The new profit sharing plan showcases Geely’s commitment to the long-term sustainable development of the company. The expansion of Geely’s profit sharing plan means not only do executives have a stake in the company’s future, so will all employees. Through the policy, Geely aims to motivate employees, create long-term value, and build a shared destiny together.

Profit sharing is only one part of Geely’s expansion of its employee welfare policies. Other employee welfare policies to be announced in detail in the future include employee family health insurance, employee education and training, employee housing purchase assistance, expanded childcare benefits, and expanded maternity leave.