The board of directors of BYD Company Limited announced that Mao De-he has resigned as a Vice President of the company with effect from 18 March 2014 due to health and age reasons. Upon his resignation, he will no longer hold any position in the company. Mao has confirmed that he has no disagreement with the Board and that there are no matters with respect to his resignation that need to be brought to the attention of the company's
shareholders.