Upon market closure on March 3, BYD successfully issued 129.8 million new H shares at HK$335.2 per share. This financing round garnered US$5.6 billion, marking it as not only the largest equity refinancing initiative in the global automotive industry over the past decade but also setting a new benchmark for the magnitude of accelerated bookbuilds within the sector. It stands as the second-largest accelerated bookbuild in Hong Kong's history and the largest ever recorded in the city's industrial sector. This transaction attracted the active participation of numerous top-tier global long-term investors, sovereign funds, and strategic investors from the Middle East, with subscription orders vastly outstripping the offering size. BYD remarked that this overwhelming response underscores the profound confidence of global investors in the company's development prospects, their acknowledgment of the global competitiveness of China's automotive industry, and their strong endorsement of the electrification and intelligence trends shaping the future of the automotive sector.