BYD Responds to Market Concerns: Wang Chuanfu Personally Has Not Directly Invested in CXMT

TechFlow news, July 30, according to reports from National Business Daily, in response to market concerns, BYD disclosed that all investments of the company are directly invested by BYD Company Limited, it does not manage third-party funds, nor does it manage funds from any executives personally, therefore Wang Chuanfu did not personally invest directly in ChangXin Memory Technologies; BYD Company Limited indirectly participated in ChangXin Memory Technologies' Series A financing in December 2020 through investing in Guangdong E-Fang Changda Venture Capital Partnership (Limited Partnership).