BYD Electronic (00285.HK) announced that, on 30 November 2011, it entered into asset sale and purchase agreements with its controlling shareholder, BYD Company . The transactions under the agreements constitute connected transactions of BYD Electronic.

Under the agreements, BYD Electronic will sell to BYD Company production equipment - such as injection molding machines, robots and punch machines, and will buy from BYD Company production equipment - such as machining center, milling machine and certain equipment for inspection.