TCL科技：2023年半年度报告摘要(英文版)

Stock Code: 000100 Stock Abbr.: TCL TECH. Announcement No.: 2023-055

TCL科技集团股份有限公司TCL Technology Group Corporation

INTERIM REPORT 2023

(Summary)

August 29, 2023

Part I Important NotesThis Summary is based on the full text of 2023 Interim Report of TCL Technology Group Corporation. Toobtain a full picture of the operating results, financial position and future development plans of the Company,investors should carefully read through the interim report released on the media designated by the China SecuritiesRegulatory Commission.

All the Company’s directors attended the Board meeting for the review of this Report and its summary.This Report and its summary have been prepared in both Chinese and English. Should there be anydiscrepancies or misunderstandings between the two versions, the Chinese version shall prevail.Independent auditor’s modified opinion

□ Applicable √ Not applicable

Profit distribution plan or plan to convert capital reserve into share capital approved by the Board ofDirectors

□ Applicable √ Not applicable

The Company has no interim dividend plan, either in the form of cash or stock, nor for the conversion of capitalreserve into share capital.Board-approved final cash and/or stock dividend plan for preferred shareholders

□ Applicable √ Not applicable

Part II Corporate Information

1. Stock Profile

Stock name TCL TECH. Stock code 000100Place of listing Shenzhen Stock Exchange

Contact information Board SecretaryName Liao QianOffice address

10/F, Tower G1, International E Town, TCL Science Park, 1001 Nanshan District,Shenzhen, Guangdong Province, ChinaTel. 0755-33311666Email addressir@tcl.com

2. Principal Activities of the Company during the Reporting Period

The Company focused on the development of the core business of semiconductor display, new energyphotovoltaic and semiconductor materials, and committed to achieving the strategic goal of global leadership.

For detailed discussion on the activities of the Company, please refer to “Part III Management Discussionand Analysis” in the 2023 Interim Report.

3. Key Accounting Data and Financial Indicators

Indicate whether there is any retrospectively adjusted or restated datum in the table below

√ Yes □ No

Earnings per share in the first half of 2022 were adjusted due to the conversion of capital reserves into share capitalduring the Reporting Period

H1 2023

H1 2022 ChangeBefore adjustmentAfter adjustment After adjustmentRevenue (RMB) 85,148,725,60684,522,181,12884,522,181,128 0.74%Net profit attributable to the company’sshareholders (RMB)

340,493,589663,522,871663,522,871 -48.68%Net profits attributable to the company’sshareholders before non-recurring gainsand losses (RMB)

-600,066,840-626,869,385-626,869,385 4.28%Net cash generated from operatingactivities (RMB)

10,416,168,1479,016,635,7439,016,635,743 15.52%Basic earnings per share (RMB/share) 0.0184 0.0489 0.0445 -58.65%Diluted earnings per share (RMB/share) 0.01810.0485 0.0441 -58.96%Weighted average return on equity (%) 0.67 1.71 1.71

Decreased by

1.04 percentage

points year on

year

End of theReporting

Period

December 31, 2022 ChangeBefore adjustmentAfter adjustment After adjustmentTotal assets (RMB) 381,324,490,388359,996,232,668 359,996,232,668 5.92%Owners’ equity attributable to thecompany’s shareholders (RMB)

50,464,207,95850,678,520,477 50,678,520,477 -0.42%Note: The Company converted its capital reserve into share capital in May 2023, at a rate of 1 share for every 10 shares to allshareholders. The Company recalculated the basic earnings per share and diluted earnings per share for the first half of 2022 inaccordance with accounting standards and other regulations.

TCL TECH

Semi-conductordisplay

New energy photovoltaic & Semi-

conductor materials

Industrial finance &investment

OtherTCL CSOT

MokaTechnology

ZhonghuanPhotovoltaic

ZhonghuanAdvanced

TCLFinancial

TCL CapitalHighlyTPC

JuhuaChina Ray

TCLMicrochip

Xinhuan/

Xinhua

4. Total Number of Shareholders and Their Shareholdings

Unit: shareTotal number of ordinary shareholders by theend of the reporting period

667,265

Total number of preferred shareholderswith resumed voting rights by the end ofthe reporting period (if any)

Shareholdings of top 10 shareholders of ordinary sharesName of shareholder

Nature ofshareholder

Shareholdingpercentage (%)

Number ofshares held

Number ofrestricted shares

held

Shares in pledge, marked or frozen

Status SharesLi Dongsheng and hisacting-in-concert party

Domesticindividual/Domestic general legalentity

6.80%1,276,684,768672,868,839

Put in pledge by LiDongsheng

158,032,380Put in pledge byJiutian Liancheng

308,057,743Hong Kong SecuritiesClearing Company Ltd.

Foreign legalentity

4.39%823,982,122Huizhou InvestmentHolding Co., Ltd.

State-ownedlegal entity

3.88%728,193,724Wuhan Optics ValleyIndustrial InvestmentCo., Ltd.

State-ownedlegal entity

2.88%540,632,616China SecuritiesFinance CorporationLimited

Domestic generallegal entity

2.19%410,554,710CITIC Securities Co.,Ltd.

State-ownedlegal entity

2.12%397,627,664GF Securities Co., Ltd.

Domestic generallegal entity

1.16%218,691,155Perseverance AssetManagementPartnership (LimitedPartnership) - GaoyiXiaofeng No. 2 ZhixinFund

Fund, wealthmanagementproduct, etc.

1.05%197,236,701Bank of China Limited -Huatai-Pinebridge CSIPhotovoltaic IndustryTrading Open IndexSecurities InvestmentFund

Fund, wealthmanagementproduct, etc.

0.93%175,414,610China Life AssetManagement - Bank ofChina - China LifeAsset - PIPE2020Insurance AssetManagement Product

Fund, wealthmanagementproduct, etc.

0.69%128,654,970Note on the above shareholders’ associationsor concerted actions

Mr. Li Dongsheng, one of the top 10 shareholders, and Ningbo Jiutian Liancheng Equity InvestmentPartnership (Limited Partnership) became persons acting in concert by signing the Agreement on ConcertedAction, holding 1,276,684,768 shares in total and becoming the largest shareholder of the Company.Statement on shareholders engaging insecurities margin trading (if any)

As at the end of the Reporting Period, Huizhou Investment Holding Co., Ltd., one of the top 10 shareholdersof the Company, decreased the number of registered shares by 89,260,000 shares due to their participationin the refinancing business; the shareholder Wuhan Optical Valley Industrial Investment Co., Ltd. decreasedthe number of registered shares by 61,000,000 shares due to its participation in the refinancing business.

5. Change of the Controlling Shareholder or the Actual Controller

Change of controlling shareholders and actual controller during the Reporting Period

□ Applicable √ Not applicable

Mr. Li Dongsheng and Ningbo Jiutian Liancheng Equity Investment Partnership (Limited Partnership)became persons acting in concert by signing the Agreement on Concerted Action, holding 1,276,684,768 sharesin total and becoming the largest shareholder of the Company.

6. Total number of preferred shareholders and top 10 preferred shareholders

□ Applicable √ Not applicable

During the Reporting Period, the Company did not have any preferred stock shareholder.

7. Existing bonds on the date of approval and disclosure of the interim report

√ Applicable □ Not applicable

(1) General Information on Corporate Bonds

Bond name Abbr. Bond code

Date ofissuance

Maturity

Outstanding

balance(RMB'0,000)

Coupon

rateTCL Corporation Corporate Bonds PubliclyOffered in 2019 to Qualified Investors (Tranche 3)

19TCL03 112983

October 17,2019

October 21,

2024

44,000 2.95%TCL Corporation Corporate Bonds PubliclyOffered in 2019 to Qualified Investors (Tranche 2)

19TCL02 112938July 19, 2019

July 23,2024

100,000 3.05%TCL Corporation Corporate Bonds PubliclyOffered in 2019 to Qualified Investors (Tranche 1)

19TCL01 112905May 17, 2019

May 20,

2024

100,000 3.15%TCL Corporation Corporate Bonds PubliclyOffered in 2018 to Qualified Investors (Tranche 2)

18TCL02 112747

August 17,2018

August 20,

2023

200,000 3.55%

(2) Financial Indicators as at the End of the Reporting Period

Unit: RMB'0,000Item End of the Reporting Period December 31, 2022Current ratio 1.09 1.09Debt/asset ratio 63.4% 63.3%Quick ratio 0.8 0.8

H1 2023 H1 2022Net profit before non-recurring gains and losses 49,891 54,269Debt to EBITDA ratio 6.82% 6.99%Interest coverage ratio 1.70 1.46Cash coverage ratio 4.76 4.90EBITDA coverage ratio 6.01 6.45Debt repayment ratio 100% 100%Interest payment ratio 100% 100%

III. Significant Events

During the Reporting Period, the Company did not have any significant changes in operation. For details,

please see the Company’s 2023 Interim Report.

TCL Technology Group Corporation

August 29, 2023