BYD Company Limited announced that all 11 resolutions presented at its 9 June 2026 Annual General Meeting (AGM) in Shenzhen were approved by poll, clearing the way for fresh equity mandates, a new debt-financing framework and other corporate actions.
Record turnout • The AGM covered 9.12 billion issued shares (5.43 billion A-shares; 3.68 billion H-shares). • Each of the six board directors attended in person. • Computershare Hong Kong Investor Services acted as scrutineer.
Key ordinary resolutions passed 1. FY 2025 Board Report, audited financial statements and annual report were approved with support exceeding 95% of votes cast. 2. The FY 2025 profit-distribution plan secured 99.85% approval. Details of the distribution were not disclosed in the meeting summary. 3. Ernst & Young Hua Ming LLP was re-appointed as sole external auditor and internal-control auditor for FY 2026, endorsed by 93.14% of votes. 4. The Group received shareholder consent (93.20% in favour) to provide corporate guarantees. 5. Amendments to the “Remuneration Management Policy for Directors and Senior Management” passed with 99.80% support. 6. Purchase of liability insurance for directors and senior managers, capped at RMB100 million aggregate annual indemnification, was backed by 99.13% of eligible votes after interested directors abstained.
Special mandates secured • H-share issuance: Shareholders granted a 12-month general mandate allowing the Board to issue new H-shares (including treasury share disposal) up to 20% of existing H-share capital; 76.93% voted in favour. • BYD Electronic (International) Company Limited: A similar 20% share-issuance mandate for the subsidiary passed with 76.73% approval. • Debt instruments: The Board obtained a mandate (77.43% approval) to determine and launch new debt-financing instruments.
Governance and compliance All resolutions met the Hong Kong Listing Rules’ thresholds—ordinary resolutions required simple majority approval, while special resolutions needed at least a two-thirds majority. No shareholders were required to vote against or abstain on any resolution except for Resolution 11, where 15 interested directors and related parties abstained.
Implications Approval of broad capital-raising mandates and debt-issuance authority provides BYD with additional financial flexibility ahead of FY 2026, while the reappointment of Ernst & Young Hua Ming ensures continuity in audit oversight. The overwhelming support across resolutions signals shareholder confidence in management’s strategic direction.