BYD Company Limited (SEHK:1211) commences share repurchases on April 25, 2024, under the program mandated by the shareholders in the Extraordinary General Meeting held on April 19, 2024. As per the mandate, the company is authorized to repurchase A shares up to worth RMB 400 million. The purchase price will not exceed RMB 270 per share.

The repurchased shares will be used for implementing the employee stock ownership plan. The program will be funded from the company?s own funds. The program shall be valid till 12 months from the date of the EGM.

As at April 19, 2024, the company had 2,911,142,855 shares in issue, consisting of 1,813,142,855 A Shares and 1,098,000,000 H Shares.