BYADY CO., LTD. (“BYADI”) HAS ISSUED ITS 2023 RESULTS FORECAST THAT NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF LISTED COMPANIES WILL REACH RMB290 BILLION TO $310 BILLION FOR THE FULL YEAR, AN INCREASE OF 74.46% TO 86.49% COMPARED TO THE SAME PERIOD LAST YEAR. Net profit is expected to be RMB274 billion to $297 billion after excluding non-recurring losses. Basic earnings per share are expected to be RMB9.98 to $10.67. The company noted that sales of new energy vehicles hit an all-time high, with increased brand strength, overseas business growth and increased industrial chain cost control as key reasons for the significant improvement in profitability. In addition, the mobile phone parts and assembly business also grew profitably as overseas customer share increased and demand warmed. THE COMPANY REMINDS THAT THIS PERFORMANCE ANNOUNCEMENT DATA IS A PRELIMINARY ASSESSMENT AND HAS NOT BEEN AUDITED BY AUDITORS OR AUDIT COMMITTEES, AND SPECIFIC ANNUAL RESULTS WILL BE DISCLOSED IN THE ANNUAL REPORT.

BYADY CO., LTD. (“BYADI”) HAS ISSUED ITS 2023 RESULTS FORECAST THAT NET PROFIT ATTRIBUTABLE TO SHAREHOLDERS OF LISTED COMPANIES WILL REACH RMB290 BILLION TO $310 BILLION FOR THE FULL YEAR, AN INCREASE OF 74.46% TO 86.49% COMPARED TO THE SAME PERIOD LAST YEAR. Net profit is expected to be RMB274 billion to $297 billion after excluding non-recurring losses. Basic earnings per share are expected to be RMB9.98 to $10.67. The company noted that sales of new energy vehicles hit an all-time high, with increased brand strength, overseas business growth and increased industrial chain cost control as key reasons for the significant improvement in profitability. In addition, the mobile phone parts and assembly business also grew profitably as overseas customer share increased and demand warmed. THE COMPANY REMINDS THAT THIS PERFORMANCE ANNOUNCEMENT DATA IS A PRELIMINARY ASSESSMENT AND HAS NOT BEEN AUDITED BY AUDITORS OR AUDIT COMMITTEES, AND SPECIFIC ANNUAL RESULTS WILL BE DISCLOSED IN THE ANNUAL REPORT.