BYD Co. Ltd. Warrant

BYD Co. Ltd. Warrant is a derivative financial instrument, specifically a call warrant, linked to the shares of BYD Company Limited, a leading manufacturer in China’s electric vehicle and battery sectors. This warrant provides holders the right, but not the obligation, to purchase BYD Company shares at a predetermined strike price of HKD 476.08 prior to its expiry on August 11, 2025. Each warrant represents an entitlement ratio of 100, typically requiring 100 warrants for the right to acquire one underlying share, and trades in lots of 5,000 units. Primarily designed for experienced investors seeking leveraged exposure, the BYD Co. Ltd. Warrant amplifies the effects of price movements in the underlying stock—offering high effective gearing and sensitivity to market volatility. It plays a significant role in the structured products segment of Hong Kong’s financial market, allowing market participants to express tactical views, hedge, or pursue trading strategies around BYD’s share price performance without directly owning the shares.