The board of directors of BYD Company Ltd. announced that Mr. Wu Jing-sheng has resigned as company secretary and authorised representative of the company with effect from October 29, 2012. The Board announced that Mr. Li Qian has been appointed as the company secretary and authorised representative of the company with effect from October 29, 2012. Mr. Li received his Bachelor's Degree in Economics, with specialization in Real Property Management, from Jiangxi University of Finance and Economics, China, in 1997.

He worked as an auditor and business consultant at PricewaterhouseCoopers and Arthur Andersen from July 1998 to August 2001. From August 2001 to August 2005, Mr. Li held managerial position at ZTE Corporation and was responsible for its securities affairs. He joined the Group in August 2005.

He served as the head of the investor relations department of the Group since August 2005 and as one of the joint company secretaries of BYD Electronic (International) Company Limited.