BYD Electronics entered into a new supply agreement on October 15, 2024, which will take effect from January 1, 2025 to December 31, 2027, involving supplying products to BYD Group. This agreement requires approval from independent shareholders and will be voted on at the special shareholders' meeting on December 17, 2024. According to the agreement, the expected transaction amounts over the next three years will not exceed RMB 29,840,556,000, 37,255,626,000, and 44,103,680,000 respectively. As BYD is the controlling shareholder of BYD Electronics, holding approximately 65.76% of the shares, the new supply agreement constitutes a continuing related party transaction, requiring compliance with the declaration, announcement, annual review, and independent shareholder approval requirements of Chapter 14A of the Listing Rules. The Independent Directors' Committee and Independent Financial Advisor consider the agreement terms to be fair...Show More

BYD Electronics entered into a new supply agreement on October 15, 2024, which will take effect from January 1, 2025 to December 31, 2027, involving supplying products to BYD Group. This agreement requires approval from independent shareholders and will be voted on at the special shareholders' meeting on December 17, 2024. According to the agreement, the expected transaction amounts over the next three years will not exceed RMB 29,840,556,000, 37,255,626,000, and 44,103,680,000 respectively. As BYD is the controlling shareholder of BYD Electronics, holding approximately 65.76% of the shares, the new supply agreement constitutes a continuing related party transaction, requiring compliance with the declaration, announcement, annual review, and independent shareholder approval requirements of Chapter 14A of the Listing Rules. The Independent Directors' Committee and Independent Financial Advisor consider the agreement terms to be fair and reasonable, in line with the overall interests of the company and shareholders. BYD Group's leading position in the new energy automobile market and the expected growth in demand for BYD Electronics products, especially rotating displays, USB, mainframes, and smart auto parts. The board of directors believes that continuing the unexempted continuing related party transactions will help increase the scale and profitability of the company's business, in line with the company's business plans.