Hong Kong Exchanges and Clearing : ANNOUNCEMENT DISTRIBUTION OF THE 2018 FINAL DIVIDEND

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

比 亞 迪 股 份 有 限 公 司

BYD COMPANY LIMITED

(a joint stock company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1211)

Website: http://www.byd.com

ANNOUNCEMENT

DISTRIBUTION OF THE 2018 FINAL DIVIDEND

Reference is made to the circular (the "AGM Circular") of BYD Company Limited (the "Company") dated 18 April 2019 in relation to, among others, the distribution of the 2018 final dividend and the announcement of the Company dated 6 June 2019 in relation to poll results of the annual general meeting of the Company (the "AGM") held on 6 June 2019. The Company's shareholders (the "Shareholders") approved the 2018 final profit distribution plan of the Company at the AGM.

DISTRIBUTION OF THE 2018 FINAL DIVIDEND

The board of directors of the Company (the "Board") wishes to inform the Shareholders that details of the distribution of the final dividend for the year ended 31 December 2018 (the "2018 Final Dividend") are as follows:

The Company will distribute a final dividend of RMB0.204 per share of the Company (the "Share(s)") (equivalent to HK$0.23216 per Share) (including tax) to the Shareholders for the year ended 31 December 2018. As set out in the announcement of the Company dated 18 April 2019 on closure of register of members, the 2018 Final Dividend will be paid to Shareholders whose names appeared on the register of members of the Company at the close of business on Tuesday, 18 June 2019 (the "Record Date"). As set out in the AGM Circular, the 2018 Final Dividend payable to the Shareholders shall be denominated and declared in Renminbi. The 2018 Final Dividend payable to the holders of A Shares shall be paid in Renminbi while the 2018 Final Dividend payable to the holders of H Shares shall be paid in Hong Kong dollars. The amount of Hong Kong dollars payable shall be calculated on the basis of the average benchmark exchange rate of Renminbi to Hong Kong dollars as announced by the People's Bank of China for the five business days prior to the declaration of the 2018 Final Dividend at the AGM (RMB0.87869 equivalent to HK$1.00).

The Company has appointed Bank of China (Hong Kong) Trustees Limited as the receiving agent in Hong Kong (the "Receiving Agent") and will pay to such Receiving Agent the 2018 Final Dividend declared for payment to holders of H Shares. The Receiving Agent will distribute the 2018 Final Dividend on Friday, 26 July 2019. Relevant cheques will be dispatched to holders of H Shares entitled to receive such dividend by ordinary post and at their own risk on or around Friday, 26 July 2019.

1

TAXATION ON THE 2018 FINAL DIVIDEND

Non-resident enterprise Shareholders

In accordance with the "Enterprise Income Tax Law of the People's Republic of China" (《中華 人民共和國企業所得稅法》) and the "Rules for the Implementation of the Enterprise Income Tax Law of the People's Republic of China" (《中華人民共和國企業所得稅法實施條例》), both

implemented on 1 January 2008 and the "Notice of the State Administration of Taxation on Issues Relevant to the Withholding of Enterprise Income Tax on Dividend Paid by PRC Enterprises to Offshore Non-resident Enterprise Holders of H Shares" (Guo Shui Han [2008] No. 897) (《關於

中國居民企業向境外H股非居民企業股東派發股息代扣代繳企業所得稅有關問題的通知》(國 稅函[2008]897號)) promulgated on 6 November 2008, the Company is obliged to withhold and pay PRC enterprise income tax on behalf of non-residententerprise Shareholders at a tax rate of 10% from 2008 onwards when the Company distributes any dividend to non-residententerprise Shareholders whose names appear on the register of members of H Shares of the Company. As such, any H Shares of the Company which are not registered in the name(s) of individual(s) (which, for this purpose, includes Shares registered in the name of HKSCC Nominees Limited, other nominees, trustees, or other organisations or groups) shall be deemed to be H Shares held by nonresident enterprise Shareholder(s), and the PRC enterprise income tax shall be withheld from any dividend payable thereon. Non-residententerprise Shareholders may wish to apply for a tax refund (if any) in accordance with the relevant requirements, such as tax agreements (arrangements), upon receipt of any dividend.

Non-resident individual Shareholders

In accordance with the "Circular on Certain Issues Concerning the Policies of Individual Income Tax" (Cai Shui Zi [1994] No.020) (《關於個人所得稅若干政策問題的通知》(財稅字[1994]020號))

promulgated by the Ministry of Finance and the State Administration of Taxation on 13 May 1994, overseas individuals are, as an interim measure, exempted from the PRC individual income tax for dividend or bonuses received from foreign-invested enterprises. In accordance with the "Letter of the State Administration of Taxation concerning Taxation Issues of Dividends Received by Foreign Individuals Holding Shares of Companies Listed in China" (Guo Shui Han Fa [1994] No. 440)

(《外籍個人持有中國境內上市公司股票所取得的股息有關稅收問題的函》(國稅函發[1994] 440 號)) as promulgated by the State Administration of Taxation on 26 July 1994, dividends (capital bonuses) received by foreign individuals holding B shares or overseas shares (including H shares) from Chinese enterprises issuing such B shares or overseas shares are temporarily exempted from individual income tax. Accordingly, in the payment of 2018 Final Dividend, the Company will not withhold and pay the individual income tax on behalf of individual Shareholders when the Company distributes the 2018 Final Dividend to individual Shareholders whose names appear on the register of members of H shares of the Company.

Investors of Southbound Trading

For investors investing in the H Shares of the Company listed on The Stock Exchang of Hong Kong Limited (the "Hong Kong Stock Exchange") through the Shenzhen Stock Exchange (including enterprises and individuals) (the "Southbound Trading"), the Company has entered into the Agreement on Appropriation of Cash Dividends of H Shares for Southbound Trading (《港 股通H股股票現金紅利派發協議》) with the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited, pursuant to which, China Securities Depository and Clearing Corporation Limited, as the nominee of the holders of H Shares for Southbound Trading, will receive the cash dividends distributed by the Company and distribute the cash dividends to the

2

relevant investors of H Shares of Southbound Trading through its depositary and clearing system. The cash dividends for the investors of H Shares of Southbound Trading will be paid in Renminbi. Pursuant to the relevant requirements under the "Notice on the Tax Policies Related to the Pilot Program of the Shenzhen- Hong Kong Stock Connect" (Cai Shui [2016] No. 127) (《關於深港股 票市場交易互聯互通機制試點有關稅收政策的通知》(財稅[2016]127號)) for dividends received by domestic investors from investing in H shares listed on the Hong Kong Stock Exchange through Southbound Trading, the H shares company shall withhold and pay individual income tax at the rate of 20% on behalf of the investors. For dividends received by domestic securities investment funds from investing in H shares listed on the Hong Kong Stock Exchange through Southbound Trading, the tax payable shall be the same as that for individual investors. The H shares company will not withhold and pay the income tax of dividends for domestic enterprise investors and those domestic enterprise investors shall report and pay the relevant tax themselves.

Investors of Northbound Trading

For investors (including enterprises and individuals) investing in the A shares of the Company listed on the Shenzhen Stock Exchange through the Hong Kong Stock Exchange (the "Northbound Trading"), their dividends will be distributed in Renminbi by the Company through the Shenzhen Branch of China Securities Depository and Clearing Corporation Limited to the account of the nominees holding such shares. The Company will withhold and pay income taxes at the rate of 10% on behalf of those investors and will report to the tax authorities for such withholding. For investors of Northbound Trading who are tax residents of other countries and whose country of domicile is a country which has entered into a tax treaty with the PRC stipulating a dividend tax rate of lower than 10%, those enterprises and individuals may apply to the competent tax authorities for the entitlement of the rate under such tax treaty by themselves. Upon approval by the tax authorities, the paid amount in excess of the tax payable by such enterprises and individuals based on the tax rate according to such tax treaty will be refunded.

Shareholders are recommended to consult their tax advisors regarding the ownership and disposal of H Shares of the Company in the PRC and in Hong Kong and other tax effects.

By order of the Board of

BYD Company Limited

Wang Chuan-fu

Chairman

18 July 2019, Shenzhen, PRC

As at the date of this announcement, the Board comprises Mr. Wang Chuan-fu being the executive director, Mr. Lv Xiang-yang and Mr. Xia Zuo-quan being the non-executive directors, Mr. Wang Zi- dong, Mr. Zou Fei and Ms. Zhang Ran being the independent non-executive directors.

3