BYD conducts large-scale placement on the Hong Kong Stock Exchange to raise funds for R&D and overseas business

BYD Co., Ltd. announced on March 3 that it has signed a placing agreement with the placing agent and plans to issue placing shares, which is expected to raise about HK$43.509 billion. If the full amount is placed, after deducting relevant expenses, the expected net amount is about HK$43.383 billion. These funds will be used for the group's R&D investment, overseas business expansion, supplementary operating funds and other general corporate purposes.