Grant of Restricted Shares Under Big Tree Cloud Holdings Limited 2024 Equity Incentive Plan

Rhea-AI Summary

Big Tree Cloud Holdings (NASDAQ: DSY, DSYWW), a Chinese company focused on personal care products and consumer goods, announced the grant of 9,892,382 restricted shares to certain distributors and employees. The shares were issued under the company's 2024 Equity Incentive Plan, which was established on October 31, 2024.

Positive

• Strategic alignment of distributor and employee interests through equity-based incentives

Negative

• Potential shareholder dilution from issuance of 9,892,382 restricted shares

SHENZHEN, China, Jan. 24, 2025 /PRNewswire/ -- Big Tree Cloud Holdings Limited ("Big Tree Cloud" or the "Company") (NASDAQ: DSY) (NASDAQ: DSYWW), a company devoted to the development, production, and sales of personal care products and other consumer goods in China, today announced that it has granted a total of 9,892,382 restricted shares to certain distributors and employee (the "Participants") under the Big Tree Cloud Holdings Limited 2024 Equity Incentive Plan, which was adopted on October 31, 2024.

About Big Tree Cloud

Big Tree Cloud is a consumer-oriented and mission-driven company dedicated to the development, production and sales of personal care products and other consumer goods in China. Founded in 2020, Big Tree Cloud is committed to delivering high-quality products that cater to the needs of modern, health-conscious, and independent consumers. Big Tree Cloud's innovative approach and strong community engagement set it apart in the industry, making it a trusted brand in the personal care market.

Forward-Looking Statements

This communication contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements generally relate to future events or Big Tree Cloud's future financial or operating performance. In some cases, you can identify forward looking statements because they contain words such as "may," "will," "should," "expects," "plans," "anticipates," "going to," "could," "intends," "target," "projects," "contemplates," "believes," "estimates," "predicts," "potential" or "continue" or the negative of these words or other similar terms or expressions that concern Big Tree Cloud's expectations, strategy, priorities, plans or intentions. By their very nature, forward-looking statements involve inherent risks and uncertainties, both general and specific, and there are risks that the predictions, forecasts, projections and other forward-looking statements will not be achieved. You should understand that a number of factors could cause actual results to differ materially from the plans, objectives, expectations, estimates and intentions expressed in such forward-looking statements, including the risks set forth under "Risk Factors" in our Registration Statement on Form F-4 and our other SEC filings. Big Tree Cloud cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Big Tree Cloud does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations Contact
Ting Yan
Phone: +86 15986815865
Email: yanting@bigtreeclouds.com 

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SOURCE Big Tree Cloud Holdings Limited

FAQ

How many restricted shares did Big Tree Cloud (DSY) grant in January 2024?

Big Tree Cloud (DSY) granted 9,892,382 restricted shares to certain distributors and employees in January 2024.

When was Big Tree Cloud's (DSY) 2024 Equity Incentive Plan adopted?

Big Tree Cloud's 2024 Equity Incentive Plan was adopted on October 31, 2024.

What is the purpose of DSY's restricted share grant in January 2024?

The restricted share grant aims to provide equity-based incentives to distributors and employees under the company's 2024 Equity Incentive Plan.

How will DSY's January 2024 restricted share grant affect shareholders?

The grant of 9,892,382 restricted shares may lead to dilution of existing shareholders' ownership stakes in the company.