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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  BYD Company Limited    1211   CNE100000296

BYD COMPANY LIMITED

(1211)
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BYD : PROPOSED RE-ELECTION OF DIRECTORS AND ELECTION OF NEW DIRECTORS AND PROPOSED RE-ELECTION OF SUPERVISORS AND NOTICE OF EXTRAORDINARY GENERAL MEETING

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08/21/2020 | 08:15am EDT

THIS CIRCULAR IS IMPORTANT AND REQUIRES YOUR IMMEDIATE ATTENTION

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this circular, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this circular.

This circular, for which the directors ("Directors") of BYD Company Limited (the "Company") collectively and individually accept full responsibility, includes particulars given in compliance with the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited for the purpose of giving information with regard to the Company. The Directors, having made all reasonable enquiries, confirm that, to the best of their knowledge and belief, the information contained in this circular is accurate and complete in all material respects and not misleading or deceptive, and there are no other matters the omission of which would make any statement in this circular misleading. All opinions expressed in this circular have been arrived at after due and careful consideration and are founded on bases and assumptions that are fair and reasonable.

If you are in any doubt as to any aspect of this circular or as to the action to be taken, you should consult your licensed securities dealer, other licensed corporation, bank manager, solicitor, professional accountant or other professional adviser.

If you have sold or otherwise transferred all your shares in the Company, you should at once hand this circular and the accompanying form of proxy and the reply slip to the purchaser(s) or transferee(s) or to the bank, licensed securities dealer, licensed corporation, or other agent through whom the sale or transfer was effected for transmission to the purchaser(s) or transferee(s).

比亞 迪股份有限 公司

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

PROPOSED RE-ELECTION OF DIRECTORS AND

ELECTION OF NEW DIRECTORS AND

PROPOSED RE-ELECTION OF SUPERVISORS

AND

NOTICE OF EXTRAORDINARY GENERAL MEETING

A notice convening the extraordinary general meeting (the "EGM") of the Company to be held on Tuesday, 8 September 2020 at 10:00 a.m. at the Company's Conference Room, No. 3009, BYD Road, Pingshan District, Shenzhen, the People's Republic of China, is set out in pages EGM-1 to EGM-4 of this circular. A proxy form (the "Proxy Form") containing the proposed resolutions is enclosed herewith. The Proxy Form is also published on the website of the Hong Kong Stock Exchange (www.hkex.com.hk). Whether or not you are able to attend the EGM, you are requested to complete the accompanying Proxy Form in accordance with the instructions printed thereon and return it as soon as possible and in any event not less than 24 hours before the time appointed for the holding of the EGM (i.e. not later than 10:00 a.m. on Monday, 7 September 2020) or any adjournment thereof. Completion and return of the Proxy Form will not preclude you from attending and voting in person at the EGM or any adjourned EGM should you so wish.

22 August 2020

CONTENTS

Page

Definitions . . . .

. . . .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1

Letter from the Board . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

1.

Introduction

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

3

2.

Proposed Re-election of Directors and Election of New Directors . . . . .

4

3.

Proposed Re-election of Supervisors . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

4.

The EGM. .

. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

5

5.

Recommendations . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

6

Appendix I

-

Details of Directors and Supervisors . . . . . . . . . . . . . . .

7

Notice of Extraordinary General Meeting . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

EGM-1

- i -

DEFINITIONS

In this circular, the following words and expressions shall, unless the context otherwise requires, have the following respective meanings:

"A Share(s)"

ordinary domestic share(s) with a nominal value of

RMB1.00 each in the share capital of the Company which

are listed on the Shenzhen Stock Exchange and traded in

RMB;

"Articles of Association"

the articles of association of the Company, as amended

from time to time;

"Board"

the board of Directors of the Company;

"China" or "PRC"

the People's Republic of China, excluding, for the

purpose of this circular only, Hong Kong, Macau Special

Administrative Region, and Taiwan;

"Company"

BYD Company Limited, a joint stock company

incorporated in the PRC with limited liability;

"Director(s)"

the director(s) of the Company;

"EGM"

the extraordinary general meeting of the Company which

is scheduled to be held at the Conference Room, No.

3009, BYD Road, Pingshan District, Shenzhen, the PRC

on Tuesday, 8 September 2020 at 10:00 a.m.;

"EGM Notice"

notice convening the EGM as set out on pages EGM-1 to

EGM-4 of this circular;

"Group"

the Company and its subsidiaries from time to time;

"H Share(s)"

ordinary overseas listed foreign invested share(s) with a

nominal value of RMB1.00 each in the share capital of

the Company which are listed on the Hong Kong Stock

Exchange and traded in Hong Kong Dollar;

"Hong Kong"

the Hong Kong Special Administrative Region of the

PRC;

"Hong Kong Stock Exchange"

The Stock Exchange of Hong Kong Limited;

- 1 -

DEFINITIONS

"Last Practicable Date"

19 August 2020, being the latest practicable date prior to

the printing of this circular for the purpose of

ascertaining certain information contained herein;

"Listing Rules"

the Rules Governing the Listing of Securities on the

Hong Kong Stock Exchange;

"RMB"

Renminbi, the lawful currency of the PRC;

"SFO"

the Securities and Futures Ordinance (Chapter 571 of the

Laws of Hong Kong);

"Share(s)"

A Share(s) and H Share(s);

"Shareholder(s)"

registered holder(s) of the Shares;

"Shenzhen Stock Exchange"

the Shenzhen Stock Exchange;

"Supervisor(s)"

the supervisor(s) of the Company; and

"Supervisory Committee"

the Supervisory Committee of the Company.

The English names of the Chinese nationals, companies, entities, departments, facilities, certificates, titles and the like are translation of their Chinese names and are included in this circular for identification purpose only and should not be regarded as their official English translation. In the event of any inconsistency, the Chinese name prevails.

- 2 -

LETTER FROM THE BOARD

比亞 迪股份有限 公司

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

Board of Directors:

Registered Office:

Executive Director

LEGAL ADDRESS

Mr. Wang Chuan-fu

No. 1 Yan'an Road

Kuichong Sub-district

Non-executive Directors

Dapeng New District

Mr. Lv Xiang-yang

Shenzhen

Mr. Xia Zuo-quan

Guangdong Province

The PRC

Independent non-executive Directors

Mr. Wang Zi-dong

PRINCIPAL PLACE OF BUSINESS

Mr. Zou Fei

IN HONG KONG

Ms. Zhang Ran

Unit 1712, 17th Floor

Tower 2

Grand Central Plaza

No. 138 Shatin Rural Committee Road

New Territories

Hong Kong

22 August 2020

To the Shareholders

Dear Sir or Madam,

PROPOSED RE-ELECTION OF DIRECTORS AND

ELECTION OF NEW DIRECTORS AND

PROPOSED RE-ELECTION OF SUPERVISORS

AND

NOTICE OF EXTRAORDINARY GENERAL MEETING

1. INTRODUCTION

The purpose of this circular is to provide you with the information in connection with certain resolutions to be proposed at the EGM to enable you to make a decision on whether to vote for or against the relevant resolutions at the EGM, and to give you the notice of the EGM.

- 3 -

LETTER FROM THE BOARD

2. PROPOSED RE-ELECTION OF DIRECTORS AND ELECTION OF NEW DIRECTORS

In accordance with the Articles of Association, the term of office of the directors and supervisors is 3 years. The term of office of each of the existing Directors, namely Mr. Wang Chuan-fu, Mr. Lv Xiang-yang, Mr. Xia Zuo-quan, Mr. Wang Zi-dong, Mr. Zou Fei and Ms. Zhang Ran, will expire on 8 September 2020.

Mr. Wang Chuan-fu, Mr. Lv Xiang-yang and Mr. Xia Zuo-quan have been nominated as candidates for the Directors of the Company by the Board and the Nomination Committee of the Company, and all of them will be eligible and offer themselves for re-election at the EGM.

Furthermore, according to the Guiding Opinions on Establishing Independent Director System for Listed Companies (《關於在上市公司建立獨立董事制度的指導意見》) issued by the China Securities Regulatory Commission, the term of office of an independent director shall not exceed six years. Independent non-executive Directors Mr. Wang Zi-dong, Mr. Zou Fei and Ms. Zhang Ran showed their intentions to the Board that they will retire as independent non-executive Directors at the EGM.

Each of Mr. Cai Hong-ping, Mr. Jiang Yan-bo and Mr. Zhang Min has been nominated by the Board and the Nomination Committee of the Company as an independent non-executive Director of the Company. In accordance with the Articles of Association, the appointment of a Director is subject to the Shareholders' approval. Therefore, the Board has resolved to submit a proposal as ordinary resolutions at the EGM to approve the appointment of Mr. Cai Hong-ping, Mr. Jiang Yan-bo and Mr. Zhang Min as independent non-executive Directors of the Company. The term of office will be three years from the date of approval of the appointment resolutions by the Shareholders at the EGM.

The above re-election of Directors and election of new Directors are subject to the Shareholders' approval by way of ordinary resolutions at the EGM. In accordance with Article 82 of the Articles of Association, the Directors will be elected at the EGM under cumulative voting system. Accordingly, in respect of proposed appointments of Mr. Wang Chuan-fu, Mr. Lv Xiang-yang and Mr. Xia Zuo-quan, a Shareholder can give all his or her votes to an executive or non-executive Director candidate or divide his or her votes among several executive or non-executive Director candidates. Meanwhile, in respect of proposed appointments of Mr. Cai Hong-ping, Mr. Jiang Yan-bo and Mr. Zhang Min, a Shareholder can give all his or her votes to an independent non-executive Director candidate or divide his or her votes among several independent non-executive Director candidates.

It will be proposed at the EGM that Mr. Wang Chuan-fu, the executive Director, will not receive any director fee. It will also be proposed at the EGM that the annual director fee for each of the non-executive Directors and independent non-executive Directors, namely Mr. Lv Xiang-yang, Mr. Xia Zuo-quan, Mr. Cai Hong-ping, Mr. Jiang Yan-bo and Mr. Zhang Min, be RMB200,000.

- 4 -

LETTER FROM THE BOARD

3. PROPOSED RE-ELECTION OF SUPERVISORS

The respective term of office of the Supervisors being Mr. Dong Jun-qing, Mr. Li Yong-zhao, Ms. Wang Zhen, Mr. Yang Dong-sheng and Mr. Huang Jiang-feng will expire on 8 September 2020. The Supervisory Committee has nominated Mr. Dong Jun-qing and Mr. Li Yong-zhao as candidates for the independent Supervisors of the Company, and both of them will be eligible and offer themselves for re-election at the EGM. Mr. Huang Jiang-feng has been nominated as a Shareholders representative Supervisor and will be eligible and offer himself for re-election at the EGM.

The re-election of Ms. Wang Zhen and Mr. Yang Dong-sheng as a staff representative Supervisor, will be considered and approved by the staff of the Company at a separate meeting to be held on or before the date of the EGM (as applicable).

It will be proposed at the EGM that the annual Supervisor fee for Supervisors who are not staff representatives of the Company, namely Mr. Dong Jun-qing, Mr. Li Yong-zhao and Mr. Huang Jiang-feng be fixed at RMB100,000 and no Supervisor fee will be paid to the staff representative Supervisors, namely Ms. Wang Zhen and Mr. Yang Dong-sheng.

The above re-election of Supervisors is subject to the Shareholders' approval by way of ordinary resolutions at the EGM. In accordance with Article 82 of the Articles of Association, the Supervisors will be elected at the EGM under cumulative voting system. Accordingly, in respect of proposed appointments of Mr. Dong Jun-qing, Mr. Li Yong-zhao and Mr. Huang Jiang-feng, a Shareholder can give all his or her votes to a Supervisor candidate or divide his or her votes among several Supervisor candidates.

At the EGM, resolutions will be proposed to elect the Directors for a term of office of 3 years commencing from the date of the passing thereof (the "Next Term"), to authorize the Board to enter into new service contract or appointment letter (as the case may be) with the elected and re-elected Directors, to re-elect the independent Supervisors and the Shareholders representative Supervisor of the Next Term and to authorize the Board to enter into new service contracts with the re-elected Supervisors.

The biographical details of the candidates proposed to be elected and re-elected as Directors, independent Supervisors and Shareholders representative Supervisor at the EGM and the candidates proposed to be re-elected as staff representative Supervisors at a separate meeting to be held by the staff of the Company are set out in Appendix I to this circular.

4. THE EGM

The EGM is to be held on Tuesday, 8 September 2020 at 10:00 a.m. at the Conference Room, No. 3009, BYD Road, Pingshan District, Shenzhen, the PRC. The EGM Notice dated 22 August 2020 is set out on pages EGM-1 to EGM-4 of this circular.

The Proxy Form for use at the EGM containing the relevant proposed resolutions will be delivered to the Shareholders together with this circular on the same day. The Proxy Form is also published on the website of the Hong Kong Stock Exchange (www.hkex.com.hk).

- 5 -

LETTER FROM THE BOARD

The register of holders of H Shares of the Company will be closed from Thursday, 3 September 2020 to Tuesday, 8 September 2020 (both days inclusive), during which no transfer of H Shares will be effected. Holders of H Shares whose names appear on the register of H Shares of the Company kept at Computershare Hong Kong Investor Services Limited on Tuesday, 8 September 2020 are entitled to attend and vote at the EGM (or any adjournment thereof) following completion of the registration procedures. To qualify for attendance and voting at the EGM (or any adjournment thereof), documents on transfers of H Shares must be lodged with the Company's H Share Registrar and Transfer office, not later than 4:30 p.m. on Wednesday, 2 September 2020.

Whether or not you are able to attend the EGM, you are advised to read the EGM Notice and to complete and return the Proxy Form and the reply slip (which are enclosed in this circular) in accordance with the instructions printed thereon as soon as practicable and in any event not less than 24 hours before the EGM (i.e. not later than 10:00 a.m., on Monday, 7 September 2020) or any adjournment thereof for the Proxy Form and seven days before the EGM (i.e. not later than 10:00 a.m., on Tuesday, 1 September 2020) or any adjournment thereof for the reply slip, respectively . Completion and return of the Proxy Form will not preclude you from attending and voting in person at the EGM or any adjourned EGM should you so wish.

Pursuant to Rule 13.39(4) of the Listing Rules, any vote of the shareholders at a general meeting must be taken by poll. Accordingly, the resolutions to be proposed at the EGM will be voted by poll. An announcement on the poll vote results will be made by the Company after the EGM in the manner prescribed under Rule 13.39(5) of the Listing Rules.

5. RECOMMENDATIONS

The Directors believe that all the resolutions proposed for consideration and approval by Shareholders at the EGM are in the best interests of the Company and the Shareholders as a whole. Accordingly, the Directors recommend that Shareholders vote in favour of all the resolutions to be proposed at the EGM as set out in the EGM Notice.

Yours faithfully,

Wang Chuan-fu

Chairman

- 6 -

APPENDIX I

DETAILS OF DIRECTORS AND SUPERVISORS

Biographical details of the candidates proposed to be elected and re-elected as Directors, independent Supervisors and Shareholders representative Supervisor at the EGM and the candidates proposed to be elected and re-elected as staff representative Supervisors at the separate meeting held by the staff of the Company are set out as follows:

EXECUTIVE DIRECTOR

Mr. Wang Chuan-fu, born in 1966, Chinese national with no right of abode overseas, master's degree holder and senior engineer. Mr. Wang graduated from Central South University of Technology (中南工業大學) (currently Central South University) in 1987 with a bachelor's degree majoring in metallurgy physical chemistry, and then graduated from Beijing Non- Ferrous Research Institute (北京有色金屬研究總院) in the PRC in 1990 with a master's degree majoring in metallurgy physical chemistry. Mr. Wang held positions as vice supervisor in Beijing Non-Ferrous Research Institute, general manager in Shenzhen Bi Ge Battery Co. Limited (深圳市比格電池有限公司). In February 1995, he founded Shenzhen BYD Battery Company Limited (深圳市比亞迪實業有限公司) ("BYD Industries", became BYD Company Limited on 11 June 2002) with Mr. Lv Xiang-yang and took the position of general manager. He is the Chairman, an Executive Director and the President of the Company and is responsible for the general operations of the Group and the development of business strategies for the Group. He is a non-executive director and the chairman of BYD Electronic (International) Company Limited (SEHK Stock Code: 0285), a director of Shenzhen DENZA New Energy Automotive Co., Ltd. (深圳騰勢新能源汽車有限公司) (formerly known as Shenzhen BYD Daimler New Technology Co., Ltd. (深圳比亞迪戴姆勒新技術有限公司)), a director of Tianjin BYD Auto Co., Ltd. (天津比亞迪汽車有限公司), a director of China Railway Engineering Consulting Group Co., Ltd. (中鐵工程設計諮詢集團有限公司), an independent director of Renren Inc., a director of South University of Science and Technology of China (南方科技大 學) and a director of BYD Charity Foundation.

Mr. Wang, being a technology expert, enjoyed special allowances from the State Council. In June 2003, he was awarded Star of Asia by BusinessWeek. He was awarded with Mayor award of Shenzhen in 2004 (二零零四年深圳市市長獎), "The 2008 CCTV Man of the Year China Economy Innovation Award" (二零零八年CCTV中國經濟年度人物年度創新獎), Southern Guangdong Meritorious Service Award (南粵功勛獎) in 2011, and Zayed Future Energy Prize Lifetime Achievement Award (扎耶德未來能源獎個人終身成就獎) in 2014 and Best Business Leader in China (中國最佳商業領袖) in 2015, a founding member of the United Nations Development Programme's "Advisory Council for Sustainable Development" in 2016 (二零一六年聯合國開發計劃署"可持續發展顧問委員會"創始成員), an "Outstanding Private Entrepreneur for the 40th Anniversary of Reform and Opening Up in 2018" (二零一八年改革 開放四十周年傑出民營企業家), an "Outstanding Builder of Socialism with Chinese Characteristics in the Fifth National Non-Public Economic Sector in 2019" (二零一九年第五 屆全國非公有制經濟人士優秀中國特色社會主義事業建設者), and the winner of Xi'an's first "Mayor's Special Award" in 2020 (二零二零年西安市首屆"市長特別獎") and the "Businessman of China" in 2020 awarded by the Fortune Magazine (二零二零年《財富》"年 度中國商人"), etc.

Save as disclosed above, Mr. Wang did not hold any directorship in other listed companies in the past three years or any other positions with the Group.

- 7 -

APPENDIX I

DETAILS OF DIRECTORS AND SUPERVISORS

Mr. Wang is the younger brother of Mr. Wang Chuan-fang, a senior management of the Company, and a younger cousin of Mr. Lv Xiang-yang, a non-executive Director.

As at the Latest Practicable Date, Mr. Wang was interested in 517,351,550 A Shares and 1,000,000 H Shares under Part XV of the SFO.

The term of office of Mr. Wang under the current service contract made between Mr. Wang and the Company will expire on 8 September 2020 and the term will be renewed for further 3 years commencing from the date of the passing of the resolution of appointment upon the Shareholders' approval of re-election of Mr. Wang as an executive Director at the EGM. His emoluments are determined by reference to job responsibilities and prevailing market conditions. For the year ended 31 December 2019, he had not received any director's fee. The Board proposes to fix Mr. Wang's annual emolument as a member of the senior management.

In relation to the re-election of Mr. Wang as an executive Director, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

NON-EXECUTIVE DIRECTORS

Mr. Lv Xiang-yang, born in 1962, Chinese national with no right of abode overseas and economist. Mr. Lv worked at Chaohu Centre Branch of the People's Bank of China (中國人民 銀行巢湖中心分行). In February 1995, he founded BYD Industries with Mr. Wang Chuan-fu. He is the Vice Chairman and a non-executive Director of the Company and also the chairman of Youngy Investment Holding Group Co., Ltd. (融捷投資控股集團有限公司), chairman of Youngy Co., Ltd (融捷股份有限公司), chairman of Youngy Health Technology Co., Ltd. (融捷 健康科技股份有限公司), chairman of Onyx International Inc. (廣州文石信息科技有限公司), chairman of Manqian Network Technology Limited (慢錢科技控股集團有限公司), chairman of Nanjing Regenecore Biotechnology Co., Ltd. (南京融捷康生物科技有限公司), chairman of Guangdong Youngy Financing Renting Company Limited (廣東融捷融資租賃有限公司), a director of Anhua Agricultural Insurance Company Limited (安華農業保險股份有限公司), honorary chairman of Anhui Chamber of Commerce in Guangdong province (廣東省安徽商會), honorary chairman of Guangdong Manufacturers Association (廣東省製造業協會), honorary chairman of Guangdong Association for the Promotion of Industrial Development (廣東省產業 發展促進會) and vice chairman of BYD Charity Foundation.

Save as disclosed above, he did not hold any directorship in other listed companies in the past three years or any other positions with the Group.

Mr. Lv is the elder cousin of Mr. Wang Chuan-fu, the Chairman, an executive Director and the President of the Company and the younger cousin of Mr. Wang Chuan-fang, senior management of the Company.

- 8 -

APPENDIX I

DETAILS OF DIRECTORS AND SUPERVISORS

As at the Latest Practicable Date, Mr. Lv was interested in 401,910,480 A Shares, including personal interest of 239,228,620 A Shares and corporate interest of 162,681,860 A Shares held through Youngy Investment Holding Group Co., Ltd. (融捷投資控股集團有限公 司) which was owned as to 89.5% by Mr. Lv and 10.5% by Mr. Lv's spouse within the meaning of Part XV of the SFO.

The term of office under the current appointment letter made between Mr. Lv and the Company will expire on 8 September 2020 and the term will be renewed for further 3 years commencing from the date of the passing of the resolution of appointment upon the Shareholders' approval of re-election of Mr. Lv as a non-executive Director at the EGM. His emoluments are determined by reference to job responsibilities and prevailing market conditions. For the year ended 31 December 2019, he received a director's emolument of RMB200,000. The Board proposes to fix Mr. Lv's annual director's emolument at RMB200,000, subject to the approval of the Shareholders at the EGM.

In relation to the re-election of Mr. Lv as a non-executive Director, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

Mr. Xia Zuo-quan, born in 1963, Chinese national with no right of abode overseas, master's degree holder. Mr. Xia studied computer science in Beijing Institute of Iron and Steel Engineering (北京鋼鐵學院) (now known as University of Science & Technology of Beijing (北京科技大學)) from 1985 to 1987 and he graduated from Guanghua School of Management of Peking University (北京大學光華管理學院) with an MBA in 2007. Mr. Xia worked in the Hubei branch of The People's Insurance Company (中國人民保險公司) and joined BYD Industries in 1997 and held positions as an executive Director and Vice President of the Company. He is a non-executive Director of the Company and chairman of Shenzhen Zhengxuan Investment (Holdings) Co., Ltd (深圳市正軒投資有限公司), Shenzhen Zhengxuan Qianhai Equity Investment Fund Management Co., Ltd (深圳正軒前海股權投資基金管理有限 公司) and Beijing Zhengxuan Investment Co., Ltd (北京正軒投資有限責任公司), a director of Shenzhen UBTECH Robotics Co., Ltd. (深圳市優必選科技有限公司), a director of Shenzhen UniFortune Supply Chain Service Co., Ltd. (深圳市聯合利豐供應鏈管理有限公司), a director of Beijing Lingyi Space Technology Limited (北京零壹空間科技有限公司), chairman of Annuo Youda Gene Technology (Beijing) Co. Ltd. (安諾優達基因科技(北京)有限公司), independent director of China Baofeng (International) Limited (formerly known as Mastercraft International Holdings Limited) (中國寶豐國際有限公司, 前稱馬仕達國際控股有限公司), independent director of China Yuhua Education Corporation Limited (中國宇華教育集團有限 公司), chairman of Shenzhen Zhengxuan Qianzhan Venture Capital Co. Ltd. (深圳市正軒前瞻 創業投資有限公司), vice chairman of BYD Charity Foundation and vice chairman of Shenzhen Lianxia Charity Foundation (深圳市蓮夏慈善基金會).

Save as disclosed above, he did not hold any directorship in any listed companies in the past three years or any other positions with the Group.

Mr. Xia is not related to any Director, Supervisor, senior management or substantial or controlling Shareholder of the Company.

- 9 -

APPENDIX I

DETAILS OF DIRECTORS AND SUPERVISORS

As at the Latest Practicable Date, Mr. Xia was interested in 94,577,432 A Shares and 500,000 H Shares, including personal interest of 195,000 H Shares and corporate interest of 305,000 H Shares held through Sign Investments Limited, which was wholly owned by by Mr. Xia within the meaning of Part XV of the SFO.

The term of office under the current appointment letter made between Mr. Xia and the Company will expire on 8 September 2020 and the term will be renewed for further 3 years commencing from the date of the passing of the resolution of appointment upon the Shareholders' approval of re-election of Mr. Xia as a non-executive Director at the EGM. His emoluments are determined by reference to job responsibilities and prevailing market conditions. For the year ended 31 December 2019, he received a director's emolument of RMB200,000. The Board proposes to fix Mr. Xia's annual director's emolument at RMB200,000, subject to the approval of the Shareholders at the EGM.

In relation to the re-election of Mr. Xia as a non-executive Director, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

INDEPENDENT NON-EXECUTIVE DIRECTORS

Mr. Cai Hong-ping,born in 1954, Chinese (Hong Kong) national, bachelor's degree holder. Mr. Cai graduated from Fudan University (復旦大學) in 1988 with a bachelor's degree in mass communications. Mr. Cai served as an office director of Sinopec Shanghai Petrochemical Company Limited (中國石化上海石油化工股份有限公司), member of the Overseas Listing Team for Chinese Enterprises under the Restructuring Committee of the State Council (國務院國家體改委中國企業海外上市指導小組), the chairman of the Joint Committee of Board Secretaries for H Share Companies in the PRC (中國H股公司董事會秘書聯席會議), managing director of the investment banking division of Peregrine Investments Holdings Limited (百富勤), chairman of the investment banking division of UBS AG (瑞士銀行) in Asia and chairman of Deutsche Bank (德意志銀行) in the Asia Pacific region. He currently serves as the chairman and founding partner of AGIC (漢德資本), and an independent director of China Eastern Airlines Corporation Limited (中國東方航空股份有限公司), COSCO SHIPPING Development Co., Ltd. (中遠海運發展股份有限公司) and Shanghai Pudong Development Bank Co., Ltd. (上海浦東發展銀行股份有限公司).

Save as disclosed above, he did not hold any directorship in other listed companies in the past three years or any other positions with the Group.

Mr. Cai is not related to any Director, Supervisor, senior management or substantial or controlling Shareholder of the Company.

As at the Latest Practicable Date, Mr. Cai did not have any interest in the Shares of the Company which is discloseable pursuant to Part XV of the SFO.

- 10 -

APPENDIX I

DETAILS OF DIRECTORS AND SUPERVISORS

Subject to the Shareholders' approval, Mr. Cai will be appointed by the Company as an independent non-executive Director for a term of three years starting from the date on which the resolution regarding Mr. Cai's appointment is passed at the EGM. The Company will enter into an appointment letter with Mr. Cai. His emoluments are determined by reference to job responsibilities and prevailing market conditions. The Board proposes to fix Mr. Cai's annual director's emolument at RMB200,000, subject to the approval of the Shareholders at the EGM.

In relation to the election of Mr. Cai as an independent non-executive Director, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

Mr. Jiang Yan-bo,born in 1966, Chinese national with no right of abode overseas, doctoral degree holder, professor of law. Mr. Jiang graduated from Jiangxi College of Finance and Economics (江西財經學院) (now known as Jiangxi University of Finance and Economics (江西財經大學)) with a bachelor's degree in economics in 1987, from China University of Political Science and Law (中國政法大學) with a second bachelor's degree in law in 1989, and from Jiangxi University of Finance and Economics with a doctoral degree in economics in 2007. Mr. Jiang is currently a professor at the Law School of Jiangxi University of Finance and Economics and an independent director of Guangdong Dowstone Technology Co., Ltd. (廣東 道氏技術股份有限公司) and Shenzhen Pagoda Industrial (Group) Corporation Limited (深圳百 果園實業(集團)股份有限公司).

Save as disclosed above, he did not hold any directorship in other listed companies in the past three years or any other positions with the Group.

Mr. Jiang is not related to any Director, Supervisor, senior management or substantial or controlling Shareholder of the Company.

As at the Latest Practicable Date, Mr. Jiang did not have any interest in the Shares of the Company which is discloseable pursuant to Part XV of the SFO.

Subject to the Shareholders' approval, Mr. Jiang will be appointed by the Company as an independent non-executive Director for a term of three years starting from the date on which the resolution regarding Mr. Jiang's appointment is passed at the EGM. The Company will enter into an appointment letter with Mr. Jiang. His emoluments are determined by reference to job responsibilities and prevailing market conditions. The Board proposes to fix Mr. Jiang's annual director's emolument at RMB200,000, subject to the approval of the Shareholders at the EGM.

In relation to the election of Mr. Jiang as an independent non-executive Director, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

- 11 -

APPENDIX I

DETAILS OF DIRECTORS AND SUPERVISORS

Mr. Zhang Min, born in 1977, Chinese national with no right of abode overseas, doctoral degree holder and professor of accounting. Mr. Zhang graduated from Beijing Wuzi University (北京物資學院) in 1999 with a bachelor's degree in management majoring in accounting, from Zhongnan University of Economics and Law (中南財經政法大學) in 2005 with a master's degree in management majoring in accounting, and from Renmin University of China (中國人 民大學) in 2008 with a doctoral degree in management majoring in accounting. He also completed his post-doctoral training in Peking University Guanghua School of Management (北京大學光華管理學院) in 2010. Mr. Zhang was elected as the 4th session of "National Leading (Reserve) Talent in Accounting (Academics)" (第四屆"全國會計(學術類)領軍(後備) 人才") by the Ministry of Finance in 2011 and currently serves as the accounting professor, supervisor for Ph.D. candidates and accounting director of Business School, Renmin University of China as well as an independent director of various companies listed on the Shenzhen Stock Exchange and Shanghai Stock Exchange, including Shanghai Fullhan Microelectronics Co., Ltd. (上海富瀚微電子股份有限公司), Beijing HanjianHeshan Pipeline Co., Ltd. (北京韓建河山管業股份有限公司), SDIC Capital Co., Ltd. (國投資本股份有限公司) and Beijing SPC Environment Protection Tech Co., Ltd. (北京清新環境技術股份有限公司).

Save as disclosed above, Mr. Zhang did not hold any directorship in any listed companies in the past three years or any other positions with the Group.

Mr. Zhang is not related to any Director, Supervisor, senior management or substantial or controlling Shareholder of the Company.

As at the Latest Practicable Date, Mr. Zhang did not have any interest in the Shares of the Company which is discloseable pursuant to Part XV of the SFO.

Subject to the Shareholders' approval, Mr. Zhang will be appointed by the Company as an independent non-executive Director for a term of three years starting from the date on which the resolution regarding Mr. Zhang's appointment is passed at the EGM. The Company will enter into an appointment letter with Mr. Zhang. His emoluments are determined by reference to job responsibilities and prevailing market conditions. The Board proposes to fix Mr. Zhang's annual director's emolument at RMB200,000, subject to the approval of the Shareholders at the EGM.

In relation to the election of Mr. Zhang as an independent non-executive Director, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

- 12 -

APPENDIX I

DETAILS OF DIRECTORS AND SUPERVISORS

INDEPENDENT SUPERVISORS

Mr. Dong Jun-qing, born in 1934, Chinese national with no right of abode overseas, bachelor's degree holder, and a senior engineer at professor level. Mr. Dong graduated from Non-Ferrous Metal and Gold Faculty in Moscow, USSR in 1959, with a bachelor's degree majoring in aluminium and magnesium metallurgy, and obtained the title of USSR engineer. Mr. Dong lectured at Non-Ferrous Metallurgy Faculty of the Northeast University (東北大學 有色冶金系) in the PRC and researched at Beijing Non-Ferrous Research Institute (北京有色 金屬研究總院) and was engaged in research and development work in our Company. He has been a Supervisor and the chairman of the Supervisory Committee since July 2002.

Save as disclosed above, he did not hold any directorship in any listed companies in the past three years or any other positions with the Group.

Mr. Dong is not related to any Director, Supervisor, senior management or substantial or controlling Shareholder of the Company.

As at the Latest Practicable Date, Mr. Dong did not have any interest in the Shares of the Company which is discloseable pursuant to Part XV of the SFO.

The term of appointment of Mr. Dong under the current service contract made between Mr. Dong and the Company will expire on 8 September 2020 and the term will be renewed for further 3 years commencing from the date of the passing of the resolution of appointment upon the Shareholders' approval of re-election of Mr. Dong as a Supervisor at the EGM. His emoluments are determined by reference to job responsibilities and prevailing market conditions. For the year ended 31 December 2019, he received a supervisor's emolument of RMB100,000. The Supervisory Committee proposes to fix Mr. Dong's annual supervisor's emolument at RMB100,000, subject to the approval of the Shareholders at the EGM.

In relation to the re-election of Mr. Dong as a Supervisor, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

Mr. Li Yong-zhao, born in 1961, Chinese national with no right of abode overseas, bachelor's degree holder, and a researcher level senior engineer. Mr. Li graduated from Xi'an Institute of Technology (西安工業學院) in August 1982 with a bachelor's degree in mechanical manufacturing technology and equipment. Mr. Li worked as technician, office head, deputy director, director, deputy plant manager and held other posts in state-owned Factory 615 of China Industries Group Corporation (中國兵器工業集團公司). He also acted as the general manager of the Sino-foreign joint venture named Baoji Xingbao Machinery & Electric Co., Ltd. (寶雞星寶機電公司), plant manager of state-owned Factory 843 of China Industries Group Corporation (中國兵器工業集團公司) since May 2002, deputy general manager of China North Industries Group Corporation (西北工業集團有限公司) since October 2010, chairman of Xi'an Northern Qinchuan Company Ltd. (西安北方秦川集團有限公司). He has been a Supervisor of the Company since June 2008 and now serves as the member of science and technology

- 13 -

APPENDIX I

DETAILS OF DIRECTORS AND SUPERVISORS

committee of China North Industries Group Corporation (西北工業集團有限公司), and an executive director, Party secretary and general manager of Xi'an Northern Qinchuan Company Ltd. (西安北方秦川集團有限公司).

Save as disclosed above, he did not hold any directorship in any listed companies in the past three years or any other positions with the Group.

Mr. Li is not related to any Director, Supervisor, senior management or substantial or controlling Shareholder of the Company.

As at the Latest Practicable Date, Mr. Li did not have any interest in the Shares of the Company which is discloseable pursuant to Part XV of the SFO.

The term of appointment of Mr. Li under the current service contract made between Mr. Li and the Company will expire on 8 September 2020 and the term will be renewed for further 3 years commencing from the date of the passing of the resolution of appointment upon the Shareholders' approval of re-election of Mr. Li as a Supervisor at the EGM. For the year ended 31 December 2019, he received a supervisor's emolument of RMB100,000. The Supervisory Committee proposes to fix Mr. Li's annual supervisor's emoluments at RMB100,000, subject to the approval of the Shareholders at the EGM.

In relation to the re-election of Mr. Li as a Supervisor, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

SHAREHOLDERS REPRESENTATIVE SUPERVISOR

Mr. Huang Jiang-feng, born in 1980, Chinese national with no right of abode overseas, bachelor's degree holder. Mr. Huang graduated from Zhongnan University of Economics and Law (中南財經政法大學) in 2003 with a bachelor's degree in administration. Mr. Huang held positions in Sinopec Chenzhou Petroleum Branch in Hunan (中國石化湖南郴州石油分公司), Dongguan Hsu Fu Chi Foods Co., Ltd. (東莞徐福記食品有限公司) and Guangzhou Office of Guosen Securities (國信證券廣州營業部). He has been working in Youngy Investment Holding Group Co., Ltd. (融捷投資控股集團有限公司) since August 2008, and has been a Supervisor of the Company since September 2014 and now serves as a director and vice president of Youngy Investment Holding Group Co., Ltd. (融捷投資控股集團有限公司), general manager of Shenzhen Qianhai Youngy Financial Services Company Limited (深圳前海融捷金融服務有 限公司), a supervisor of Shenzhen Qianhai Youngy High Technology Investment Company Limited (深圳前海融捷高新技術投資有限公司), a supervisor of Shenzhen Youngy Internet Financial Services Company Limited (深圳融捷互聯網金融服務有限公司), general manager of Shenzhen Qianhai Youngy Supply Chain Factoring Services Co., Ltd (深圳前海融捷供應鏈保 理服務有限公司), director and manager of Guangdong Youngy Financing Renting Company Limited (廣東融捷融資租賃有限公司), manager of Guangdong Youngy Financing Service Company Limited (廣東融捷融資服務有限公司), chairman of Guangdong Youngy Financing Renting Service Company Limited (廣東融捷融資租賃服務有限公司), manager of Guangdong

- 14 -

APPENDIX I

DETAILS OF DIRECTORS AND SUPERVISORS

Youngy Supply Chain Management Co., Ltd (廣東融捷供應鏈管理有限公司), director of Shenzhen Youngy Asset Management Co., Ltd (深圳融捷資產管理有限公司) and chairman of the supervisory committee of Youngy Co., Ltd (融捷股份有限公司).

Save as disclosed above, he did not hold any directorship in any listed companies in the past three years or any other positions with the Group.

Mr. Huang is not related to any Director, Supervisor, senior management or substantial or controlling Shareholder of the Company.

As at the Latest Practicable Date, Mr. Huang did not have any interest in the Shares of the Company which is discloseable pursuant to Part XV of the SFO.

The term of appointment of Mr. Huang under the current service contract made between Mr. Huang and the Company will expire on 8 September 2020 and the term will be renewed for further 3 years commencing from the date of the passing of the resolution of appointment upon the Shareholders' approval of re-election of Mr. Huang as a Supervisor at the EGM. For the year ended 31 December 2019, he received a supervisor's emolument of RMB100,000. The Supervisory Committee proposes to fix Mr. Huang's annual supervisor's emoluments at RMB100,000, subject to the approval of the Shareholders at the EGM.

In relation to the re-election of Mr. Huang as a Supervisor, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

STAFF REPRESENTATIVE SUPERVISORS

Ms. Wang Zhen, born in 1976, Chinese national with no right of abode overseas, bachelor's degree holder. Ms. Wang graduated from Guangdong University of Foreign Studies (廣東外語外貿大學) (formerly known as Guangzhou Institute of Foreign Languages (廣州外國 語學院)) in the PRC in 1998, majoring in Spanish and obtained a bachelor degree. Ms. Wang joined Shenzhen BYD Battery Company Limited (深圳市比亞迪實業有限公司) (became BYD Company Limited on 11 June 2002) in 1998 and served as a manager in overseas Ministry of Commerce, vice president of administrative human personnel of Shenzhen DENZA New Energy Automotive Co., Ltd. (深圳騰勢新能源汽車有限公司) (formerly known as Shenzhen BYD Daimler New Technology Co., Ltd. (深圳比亞迪戴姆勒新技術有限公司)), officer of the President's office, director of the rail transit industry office, Secretary-General of BYD Charity Foundation and general manager of BYD Company (Pingshan District). She is a Supervisor and the general manager of Human Resources Office of the Company, a supervisor of Shenzhen Qianhai Green Transportation Co., Ltd. (深圳市前海綠色交通有限公司), supervisor of East Shenzhen Sky Rail Investment Construction Co., Ltd (深圳東部雲軌投資建設有限公司), supervisor of China Metallurgical New Energy Technology Co., Ltd (中冶瑞木新能源科技有限 公司), supervisor of Chengdu Shudu BYD New Energy Vehicles Co., Ltd (成都蜀都比亞迪新 能源汽車有限公司), supervisor of Yinchuan Sky Rail Operation Co., Ltd. (銀川雲軌運營有限 公司), supervisor of Shantou City Sky Rail Transportation Co., Ltd. (汕頭市雲軌交通有限公 司), supervisor of Jining City Sky Rail Transportation Co., Ltd. (濟寧市雲軌交通有限公司) and the chairman of BYD Charity Foundation.

- 15 -

APPENDIX I

DETAILS OF DIRECTORS AND SUPERVISORS

Save as disclosed above, she did not hold any directorship in any listed companies in the past three years or any other positions with the Group.

Ms. Wang is not related to any Director, Supervisor, senior management or substantial or controlling Shareholder of the Company.

As at the Latest Practicable Date, Ms. Wang did not have any interest in the Shares of the Company which is discloseable pursuant to Part XV of the SFO.

The term of appointment of Ms. Wang under the current service contract made between Ms. Wang and the Company will expire on 8 September 2020 and the term will be renewed for further 3 years commencing from the date of the passing upon the approval of re-election of Ms. Wang as a Supervisor at the separate meeting held by the staff of the Company. As a staff representative Supervisor, she is not entitled to Supervisor's emolument.

In relation to the re-election of Ms. Wang as a Supervisor, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

Mr. Yang Dong-sheng, born in 1979, Chinese national with no right of abode overseas, master's degree holder, senior engineer. Mr. Yang graduated from Northeastern University (東 北大學) with a master's degree in March 2005. Mr. Yang joined the Company in 2005 and has held positions including senior engineer in Automotive Engineering Research Institute, vice manager in the Chassis Division of the Automotive Engineering Research Institute, senior business secretary of the President, general manager of the Product and Technical Planning Division, and is presently a Supervisor of the Company and the dean of the Company's Product Planning and New Automotive Technology Research Institute.

Save as disclosed above, he did not hold any directorship in any listed companies in the past three years or any other positions with the Group.

Mr. Yang is not related to any Director, Supervisor, senior management or substantial or controlling Shareholder of the Company.

As at the Latest Practicable Date, Mr. Yang did not have any interest in the Shares of the Company which is discloseable pursuant to Part XV of the SFO.

The term of appointment of Mr. Yang under the current service contract made between Mr. Yang and the Company will expire on 8 September 2020 and the term will be renewed for further 3 years commencing from the date of the passing upon the approval of re-election of Mr. Yang as a Supervisor at the separate meeting held by the staff of the Company. As a staff representative Supervisor, he is not entitled to Supervisor's emolument.

In relation to the re-election of Mr. Yang as a Supervisor, save as disclosed above, there is no information which is discloseable pursuant to any of the requirements of the provisions under paragraphs 13.51(2)(h) to 13.51(2)(v) of the Listing Rules, and there is no other matter which needs to be brought to the attention of the Shareholders.

- 16 -

NOTICE OF EXTRAORDINARY GENERAL MEETING

比亞 迪股份有限 公司

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

Notice of Extraordinary General Meeting

NOTICE IS HEREBY GIVEN that an extraordinary general meeting (the "EGM") of BYD Company Limited (the "Company") will be held at 10:00 a.m. on Tuesday, 8 September 2020 at the Company's Conference Room, No. 3009, BYD Road, Pingshan District, Shenzhen, the People's Republic of China to consider and, if thought fit, pass the following resolutions:

By way of ordinary resolutions

1. To consider and approve the resolutions in respect of the election of new session of the Board of the Company:

  1. the re-election of Mr. Wang Chuan-fu as an executive Director with effect from 8 September 2020 for a term of 3 years and the Board be and is hereby authorized to enter into a service contract with Mr. Wang Chuan-fu upon such terms and conditions as the Board shall think fit and to do all such acts and things to give effect to such re-election;
  2. the re-election of Mr. Lv Xiang-yang as a non-executive Director with effect from 8 September 2020 for a term of 3 years and the Board be and is hereby authorized to enter into a letter of appointment with Mr. Lv Xiang-yang upon such terms and conditions as the Board shall think fit and to do all such acts and things to give effect to such re-election;
  3. the re-election of Mr. Xia Zuo-quan as a non-executive Director with effect from 8 September 2020 for a term of 3 years and the Board be and is hereby authorized to enter into a letter of appointment with Mr. Xia Zuo-quan upon such terms and conditions as the Board shall think fit and to do all such acts and things to give effect to such re-election;
  4. the election of Mr. Cai Hong-ping as an independent non-executive Director with effect from 8 September 2020 for a term of 3 years and the Board be and is hereby authorized to enter into a letter of appointment with Mr. Cai Hong-ping upon such terms and conditions as the Board shall think fit and to do all such acts and things to give effect to such election;

- EGM-1 -

NOTICE OF EXTRAORDINARY GENERAL MEETING

  1. the election of Mr. Jiang Yan-bo as an independent non-executive Director with effect from 8 September 2020 for a term of 3 years and the Board be and is hereby authorized to enter into a letter of appointment with Mr. Jiang Yan-bo upon such terms and conditions as the Board shall think fit and to do all such acts and things to give effect to such election;
  2. the election of Mr. Zhang Min as an independent non-executive Director with effect from 8 September 2020 for a term of 3 years and the Board be and is hereby authorized to enter into a letter of appointment with Mr. Zhang Min upon such terms and conditions as the Board shall think fit and to do all such acts and things to give effect to such election;

2. To consider and approve the resolutions in respect of the election of new session of the Supervisory Committee of the Company:

(a)

the re-election of Mr. Dong Jun-qing as a Supervisor with effect from

8 September 2020 for a term of 3 years and the Board be and is hereby

authorized to enter into a service contract with Mr. Dong Jun-qing upon such

terms and conditions as the Board shall think fit and to do all such acts and

things to give effect to such re-election;

(b)

the re-election of Mr. Li Yong-zhao as a Supervisor with effect from

8 September 2020 for a term of 3 years and the Board be and is hereby

authorized to enter into a service contract with Mr. Li Yong-zhao upon such

terms and conditions as the Board shall think fit and to do all such acts and

things to give effect to such re-election;

  1. the re-election of Mr. Huang Jiang-feng as a Supervisor with effect from 8 September 2020 for a term of 3 years and the Board be and is hereby authorized to enter into a service contract with Mr. Huang Jiang-feng upon such terms and conditions as the Board shall think fit and to do all such acts and things to give effect to such re-election;
  2. the Board be and is hereby authorized to enter into a service contract with Ms. Wang Zhen and Mr. Yang Dong-sheng upon such terms and conditions as the Board shall think fit and to do all such acts and things to give effect to such re-election;

- EGM-2 -

NOTICE OF EXTRAORDINARY GENERAL MEETING

  1. To consider and approve the resolution in respect of the fixing the remunerations of the Directors of the seventh session of the Board and allowances of independent Directors; and
  2. To consider and approve the resolution in respect of the fixing the remunerations of the Supervisors of the seventh session of the Supervisory Committee.

By order of the Board

Wang Chuan-fu

Chairman

Shenzhen, the PRC, 22 August 2020

Notes:

  1. In order to determine the list of shareholders of the Company who will be entitled to attend and vote at the EGM, the registers of members of the Company will be closed from Thursday, 3 September 2020 to Tuesday, 8 September 2020, both days inclusive, during which no transfer of H shares in the share capital of the Company with a nominal value of RMB1.00 each, which are traded in Hong Kong dollar and listed on the Hong Kong Stock Exchange ("H Shares"), will be effected.
    Holders of H Shares whose names appear on the registers of members of the Company kept at Computershare Hong Kong Investor Services Limited on Tuesday, 8 September 2020 shall be entitled to attend and vote at the EGM (or any adjournment thereof) following completion of the registration procedures. In order for the holders of H Shares to qualify to attend and vote at the EGM (or any adjournment thereof), all transfer documents accompanied by the relevant share certificates must be lodged with the Company's H Share Registrar and Transfer Office, Computershare Hong Kong Investor Services Limited at Shops 1712-1716, 17th Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong, no later than 4:30 p.m. on Wednesday, 2 September 2020 for registration.
  2. Holders of H Shares intending to attend the EGM (or any adjournment thereof) should complete and return the reply slip for attending the EGM (or any adjournment thereof) personally, by facsimile or by post.
    Holders of H Shares should complete and return the reply slip to the Company's H Share Registrar and Transfer Office by facsimile at (852) 2865 0990 or by post to (or by depositing it at) 17M Floor, Hopewell Centre, 183 Queen's Road East, Hong Kong such that the reply slip shall be received by the Company's H Share Registrar and Transfer Office seven days before the EGM (i.e. on or before Tuesday, 1 September 2020).
  3. Each holder of H Shares may, by completing the form of proxy of the Company, appoint one or more proxies to attend and vote at the EGM (or any adjournment thereof) on his behalf. A proxy need not be a shareholder of the Company.
  4. Holders of H Shares must use the form of proxy of the Company for appointing a proxy and the appointment must be in writing. The form of proxy must be signed by the relevant shareholder of the Company or by a person duly authorized by the relevant shareholder of the Company in writing (a "power of attorney"). If the form of proxy is signed by the person authorized by the relevant shareholder of the Company as aforesaid, the relevant power of attorney and other relevant documents of authorization (if any) must be notarized. If a corporate shareholder of the Company appoints a person other than its legal representative to attend the EGM (or any adjournment thereof) on its behalf, the relevant form of proxy must be affixed with the company seal of the corporate shareholder of the Company or duly signed by the chairman of the board of directors or any other person duly authorized by that corporate shareholder of the Company as required by the articles of association of the Company.
  5. To be valid, the form of proxy and the relevant notarized power of attorney (if any) and other relevant documents of authorization (if any) as mentioned in note (D) above must be delivered to the Company's H Share Registrar and Transfer Office, Computershare Hong Kong Investor Services Limited (address: 17M Floor, Hopewell Centre, 183 Queen's Road East, Wanchai, Hong Kong), not less than 24 hours before the time appointed for the EGM (i.e. not later than 10:00 a.m. on Monday, 7 September 2020) (or any adjournment thereof).

- EGM-3 -

NOTICE OF EXTRAORDINARY GENERAL MEETING

  1. Shareholders may contact the Company's H Share Registrar and Transfer Office, Computershare Hong Kong Investor Services Limited by telephone at (852) 2862 8555 or by email to hkinfo@computershare.com.hk in connection with the EGM.
  2. A shareholder of the Company or his proxy should produce proof of identity when attending the EGM (or any adjournment thereof). If a corporate shareholder's legal representative or any other person duly authorised by such corporate shareholder attends the EGM (or any adjournment thereof), such legal representative or other person shall produce his proof of identity, proof of designation as legal representative and/or the valid authorization document (as the case may be).
  3. The EGM (or any adjournment thereof) is expected to last for a day. Shareholders who attend the EGM (or any adjournment thereof) shall bear their own travelling and accommodation expenses.
  4. As at the date of this notice, the Board of Directors of the Company comprises Mr. Wang Chuan-fu being the executive Director, Mr. Lv Xiang-yang and Mr. Xia Zuo-quan being the non-executive Directors, and Mr. Wang Zi-dong, Mr. Zou Fei and Ms. Zhang Ran being the independent non-executive Directors.

- EGM-4 -

Disclaimer

BYD Company Limited published this content on 21 August 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 August 2020 12:15:38 UTC


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10/15BYD : Brings Zero Emission Refuse Collection to Sunshine State
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09/01WARREN BUFFETT : Why Buffett's bet on Japan could turn on higher inflation, weak..
RE
08/30BYD Co.'s 1st Half Net Profit Rose Sharply
DJ
08/28Electric car maker BYD says profits up as becomes leading mask maker
RE
08/21BYD : Proposed re-election of directors and election of new directors and propos..
PU
08/21BYD : Reply slip for Extraordinary General Meeting
PU
08/19BYD : Closure of register of members
PU
08/14Alibaba, Xiaomi to join Hong Kong's Hang Seng Index
RE
08/06BYD : Voluntary announcement sales volume for july 2020
PU
07/31BYD : Brings its Premium Han EV to Europe
PR
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Financials
Sales 2020 144 B 21 509 M 21 509 M
Net income 2020 3 962 M 593 M 593 M
Net Debt 2020 57 038 M 8 545 M 8 545 M
P/E ratio 2020 92,2x
Yield 2020 0,09%
Capitalization 423 B 54 538 M 63 317 M
EV / Sales 2020 3,34x
EV / Sales 2021 2,89x
Nbr of Employees 229 154
Free-Float 49,1%
Chart BYD COMPANY LIMITED
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Technical analysis trends BYD COMPANY LIMITED
Short TermMid-TermLong Term
TrendsBullishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 26
Average target price 92,53 CNY
Last Close Price 139,90 CNY
Spread / Highest target 12,0%
Spread / Average Target -33,9%
Spread / Lowest Target -76,5%
EPS Revisions
Managers
NameTitle
Chuan Fu Wang Chairman, President & General Manager
Jun Qing Dong Chairman-Supervisory Board
Ya Lin Zhou Chief Financial Officer
Zuo Quan Xia Non-Executive Director
Xiang Yang Lü Vice Chairman
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