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BYD COMPANY LIMITED

(a joint stock company incorporated in the People’s Republic of China with limited liability)

(Stock code: 1211)

Website: http://www.byd.com.cn

ANNOUNCEMENT

DELAY IN APPOINTMENT OF

AN INDEPENDENT NON-EXECUTIVE DIRECTOR

Reference is made to the circular of BYD Company Limited (the “Company”) dated

21 April 2011 (the “Circular”). Unless otherwise indicated, capitalized terms in this announcement shall have the same meanings as those defined in the Circular.

As at the date of this announcement, the Board has not yet identified a suitable candidate to fill the vacancy as the new independent non-executive director upon Mr. Lin You-ren (“Mr. Lin”)’s retirement at the forthcoming AGM to be held on Friday,

10 June 2011.

Following Mr. Lin’s retirement at the AGM, the Company will have two independent non-executive directors, which falls below the minimum number of independent non-executive directors required under Rule 3.10(1) of the Listing Rules. The Company will use its best endeavour to search and appoint a suitable candidate to fill the vacancy as soon as practicable and in any event within the time period set forth in Rule 3.11 of the Listing Rules.

A circular of the Company containing details of the new independent non-executive director proposed by the Board to be approved by the Shareholders will be despatched to the Shareholders as soon as practicable to ensure compliance with the Listing Rules.

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Further, the Board would like to make clarification with respect to inadvertent clerical errors contained in paragraph 8 of the proxy form which was dispatched to the Shareholders together with the Circular and the years 2010 and 2011 mentioned in the said paragraph 8 should be replaced by 2011 and 2012 respectively.

Hong Kong, 25 May 2011

By order of the Board of BYD Company Limited Wang Chuan-fu

Chairman

As at the date of this announcement, the Board of Directors of the Company comprises Mr. Wang Chuan-fu being the executive Director, Mr. Lu Xiang-yang and Mr. Xia Zuo-quan being the non-executive Directors, and Mr. Lin You-ren, Ms. Li Dong and Mr. Wu Chang-qi being the independent non-executive Directors.

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