BYD Auto Finance Company Limited announced that it intends to complete a private placement of common shares for gross proceeds of receive CNY 2,500,000,000 in a round of funding on October 28, 2021. The transaction will include participation from returning investors, Bank of Xi'an Co.,Ltd. for CNY 500,000,000 to hold 20% stake in the company, BYD Company Limited for CNY 1,925,000,000 to hold 77% stake in the company, Byd Precision Manufacture Company Limited for CNY 75,000,000 to hold 3% stake in the company. The transaction has been approved at the 51st meeting of the 5th board of directors do not need to be submitted to the general meeting of shareholders for review and approval.

The transaction is subject to the approval of the regulatory authorities.