BYD Company Limited announced that As the resolutions in relation to the re-election of (i) Mr. Wang Chuan-fu as an executive Director, (ii) each of Mr. Lv Xiang-yang and Mr. Xia Zuo-quan as a non-executive Director, (iii) each
of Mr. Cai Hong-ping and Mr. Zhang Min as an independent non-executive Director, and the appointment of Ms. Yu Ling as an independent non-executive Director of the eighth session of the Board have been approved by the Shareholders at the EGM, the Company will enter into a service contract with each of the above-mentioned Directors in respect of their positions for a term of office of three years commencing on 19 September 2023 until the date of the expiration of the term of office of the eighth session of the Board. At the conclusion of the EGM, Mr. Jiang Yan-bo has resigned his position as an independent non-executive Director. Mr. Jiang will not hold any position in the Group upon his resignation. The Board would like to take this opportunity to express its sincere gratitude to Mr. Jiang Yan-bo for his contributions to the Company. Mr. Jiang has confirmed that he had no disagreement with the Board and there are no other matters in relation to his resignation that should be brought to the attention of the Shareholders. Mr. Jiang has also confirmed that he does not have any action or claim, existing or pending, against the Company. As a result of the resignation of Mr. Jiang Yan-bo and the appointment of Ms. Yu Ling as an independent non-executive Director, with effect from 19 September 2023, Ms. Yu Ling will be appointed as a chairlady of the nomination committee of the Company, and a member of each of the audit committee and the remuneration committee of the Company, in replace of the positions held by Mr. Jiang Yan-bo. The Board also hereby announces that with effect from 19 September 2023, Mr. Lv Xiang-yang, a non-executive Director, ceased to be a member of the audit committee and Mr. Xia Zuo-quan, a non-executive Director, has been appointed as a member of the audit committee of the Company. As the resolutions in relation to the re-election of each of Mr. Li Yong-zhao and Mr. Huang Jiang- feng as a supervisor of the Company, and the appointment of Ms. Zhu Ai-yun as a Supervisor of the eighth session of the Supervisors have been approved by the Shareholders at the EGM, the Company will enter into a service contract with each of the above-mentioned Supervisors in respect of their positions for a term of office of three years commencing on 19 September 2023 until the date of the expiration of the term of office of the eighth session of the Supervisors. At the conclusion of the EGM, Mr. Dong Jun-qing has resigned his position as a Supervisor. Mr. Dong will not hold any position in the Group upon his resignation. The Supervisory Committee would like to take this opportunity to express its sincere gratitude to Mr. Dong Jun-qing for his contributions to the Company. Mr. Dong has confirmed that he had no disagreement with the Supervisory Committee and there are no other matters in relation to his resignation that should be brought to the attention of the Shareholders. Mr. Dong has also confirmed that he does not have any action or claim, existing or pending, against the Company.
BYD Company Limited specializes in car-making. The group also develops manufacturing and marketing of rechargeable batteries and mobile telephone components activity. Net sales break down by family of products and services as follows:
- electric vehicles (53.4%);
- mobile telephone components (38.7%): housings, keypads, LCD modules, lenses, flexible circuit boards, chargers, etc. The group also provides assembly services;
- rechargeable batteries (7.6%): lithium-ion batteries and nickel batteries primarily for mobile telephones, digital cameras, tools and electric toys;
- other (0.3%).
China/Hong Kong/Macau/Taiwan account for 61.5% of net sales.