BYD COMPANY (01211) plans to discount approximately 7.8% to issue 130 million new H shares, raising approximately HK$43.383 billion in net proceeds.

BYD Company (01211) announced that the company and the placing agent entered into a placing agreement on March 3, 2025. According to the terms and conditions specified in the placing agreement, the company agrees to issue placing shares at the placing price, and the placing agent has agreed to act as the company's agent to use its best efforts to procure placees to purchase the placing shares at the placing price. The placing shares will be issued under the general mandate for placing and issuance. According to the terms and conditions of the placing agreement, the company will issue 130 million new H shares with a par value of RMB 1.00 per share from the company's registered capital. The placing shares represent approximately 10.57% of the total number of H shares already issued after the capital increase, and approximately 4.27% of the total number of shares after the issuance of placing shares. The placing price per share is HK $335.2, which represents a discount of approximately 7.8% compared to the closing price of H shares of HK $363.6 on the Hong Kong Stock Exchange on March 3, 2025. Assuming all the placing shares are fully placed, the net proceeds from the placing, after deducting commissions and estimated expenses, are expected to be approximately HK $43.383 billion. The net proceeds from the placing are intended to be used for the group's research and development investment, overseas business development, supplementing operating funds, and general corporate purposes.