The board of BYD Electronic has approved the creation of a Strategy and Sustainable Development Committee, effective 27 March 2026.

The new committee will comprise at least three directors, all appointed and removable at the board’s discretion. A chairman, nominated by the board chairman and confirmed by the full board, will lead the body, while the company secretary will serve as its secretary.

Mandated authority includes access to external independent professional advice at the company’s expense and allocation of sufficient internal resources to fulfil its responsibilities.

Key responsibilities: • Evaluate and recommend long-term strategic plans, major investment and financing proposals, and large-scale capital or asset operations that require board approval. • Shape the group’s sustainable development strategy, set goals and policy guidelines, and oversee associated risk assessments. • Confirm priority ESG issues, supervise progress against sustainability objectives, and review the completeness and accuracy of annual ESG disclosures and other public statements. • Report implementation progress and any findings directly to the board and handle additional assignments delegated by the board.

Procedurally, the committee will meet at least once a year, with additional sessions convened as needed. Resolutions require a majority vote or unanimous written consent, and meetings may be held in person, by telephone, or via video conference. Minutes will be circulated to members promptly after each meeting.

The full terms of reference—English version prevailing—will be published on both the Hong Kong Stock Exchange and BYD Electronic’s websites.