SHENZHEN, China , Oct. 31,
2024 /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 its board of
directors has approved the adoption of the Big Tree Cloud Holdings
Limited 2024 Equity Incentive Plan (the "Plan"). Under the Plan,
the Company will be permitted to grant share options,
restricted shares, restricted share units, and similar equity-based
compensation for the purpose of attracting, retaining, and
incentivizing qualified directors, employees, franchisees and other
individuals. The maximum number of shares which may be issued or
issuable under the Plan is limited to 20% of the
Company's issued and outstanding ordinary shares as of the
date of the approval of the Plan, to be increased on the first day
of each fiscal year of the Company during the term of the Plan
commencing with the fiscal year beginning July 1, 2024, by an amount equal to 1.0% of the
total number of issued and outstanding ordinary shares on the last
day of the immediately preceding fiscal year.
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