Stock Code: 000100 Stock Abbr.: TCL TECH. Announcement No.: 2025-023

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

ANNUAL REPORT 2024

(Summary)

April 2025

Embark on the Voyage and Press Ahead Against All Odds

ANNUAL REPORT 2024 Chairman's Statement

In 2024, due to the complex international economic situation and the acceleration of globalsupply chain restructuring, numerous uncertainties occurred to the corporate development. Facedwith a complex external environment, the Company consistently maintained strategic resolve,concentrating on the three core businesses that include display, new energy photovoltaic and othersilicon materials. By dedicating to our own business, the Company aimed to enhance its relativecompetitiveness. In 2024, the Company achieved an operating revenue of RMB 164.8 billion, with anet profit attributable to shareholders of the listed companies of RMB 1.56 billion and an operatingcash flow of RMB 29.5 billion, demonstrating overall stable operations.TCL CSOT maintained a basic balance between supply and demand within the industry for itsdisplay business and seized new business opportunities brought by the trend towards larger-sizedproducts and the expansion of AI applications for continuing to optimize its development strategy,business and product structure, enhancing its relative competitiveness and actively improving itsglobal layout. For display business, the Company achieved an annual operating revenue of RMB

104.3 billion and a net profit of RMB 6.23 billion, showing significant year-on-year improvement.The competitiveness of LCD product business achieved a leading position, with the market share ofTV products firmly ranked in top two globally, and that of commercial display products ranked in thetop three worldwide. The Company acquired LGD's LCD panel and module factory in Guangzhou,thus further strengthening its competitiveness in the LCD industry. The small and medium-sizeddisplay business grew rapidly, with market share in monitors rising to the second globally, and thatin gaming monitors and LTPS laptops and tablets ranked first worldwide. The competitiveness offlexible OLED business was enhanced, with optimized product structure and significantimprovements in performance. The Company will strive to enhance its competitiveness in the NB,vehicle-mounted devices, and specialized display businesses, and actively design the layout of MLED.This year, the Company is confident in maintaining the rapid growth in its display business, andfurther improving operational benefits.

Global installation of new energy photovoltaic devices continues to grow, but competition acrossall segments of the Chinese industrial chain has intensified, with a mismatch between supply anddemand at the market and leading to losses across the entire industry. TZE's photovoltaic business isimpacted by the downturn in the industry cycle, coupled with deviations in its own operationalstrategy, shortcomings in its business structure and some errors in making decisions on businessoperation, resulting in a deterioration of business operation performance. During the reporting period,the Company achieved an operating revenue of RMB 28.4 billion at a year-on-year decline by 52%;and the net profit attributable to shareholders was RMB -9.82 billion. The Company is striving totransform its business philosophy, optimize its organizational processes, advance businesstransformation and reshape its core competencies. In the first quarter of 2025, TZE’s operatingperformance showed sequential improvement and the Company is confident in achieving its growthtargets for the year.

During the reporting period, Zhonghuan Advanced achieved a 30% revenue growth whileexpanding its market share. The Company remains committed to strengthening its competitive edgein the global silicon materials industry. The Company sustained robust operations and made steadyprogress in other business segments.

In 2024, the Company invested RMB 8.87 billion in R&D, accounting for 5.4% of the operatingrevenue. TCL CSOT, focusing on the research in new display technology and materials, achievedbreakthroughs in printed OLED technology, materials and equipment. Leveraging the opportunitiespresented by industrial technology upgrading, TZE has established a new BC cooperation ecosystemby commercializing intellectual property and patents. During the Reporting Period, the Companyfiled 433 new PCT patent applications and 2,582 new invention patent applications.

The adjustment in the global economic and trade landscape has significantly impacted businessoperations. While the effects on display businesses and other silicon materials businesses are expectedto remain largely manageable, the new energy photovoltaic sector is likely to face more substantialchallenges. The Company is adjusting its global industrial layout, strengthening core capabilities totackle challenges.

Looking ahead, the Company aims to achieve global leadership by pursuing a strategy ofinnovation-driven development in advanced manufacturing, and worldwide operations. By focusing

on core businesses and enhancing relative competitiveness, we will embark on the voyage and pressahead against all odds.

The Company remains committed to delivering shareholder value. For 2024, the Board ofDirectors has proposed a cash dividend of RMB 0.50 per 10 shares, enabling all shareholders tobenefit from the increase in the Company’s value. We are sincerely grateful for the long-term trustand support of all shareholders! Our heartfelt gratitude goes to all our partners for working with us!We extend our deepest thanks to all the employees for their diligent efforts!

April 27, 2025

Part I Important NotesThis summary is based on the full text of the 2024 Annual Report of TCL Technology Group Corporation. To obtaina full picture of the operating results, financial position, and future development plans of the Company, investorsshould carefully read through the annual report released on the media designated by the China Securities RegulatoryCommission.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 any discrepanciesor 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 of Directors?Applicable □Not applicableAny share capital converted from capital reserve or not

□Yes ?No

The profit distribution plan approved by the meeting of the Board of Directors is as follows: For every 10 sharesheld, shareholders will receive a cash dividend of RMB0.5 (including tax) based on the total number of outstandingshares of 18,779,080,767 (any repurchased shares held by the Company upon profit distribution are exclusive ofthe distribution), without bonus shares or shares converted from capital reserve.Board-approved final cash and/or stock dividend plan for preferred shares

□Applicable ?Not applicable

Part II Corporate Information

1. Stock Profile

2. Main businesses or products of the Company during the Reporting PeriodFor a detailed discussion of the Company's business, please refer to Part IV, "Report of the Board of Directors," hereof.

3. Key Accounting Data and Financial Indicators

(1) Key accounting data and financial indicators in the past three years

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

□Yes ?No

(2) Main accounting data by quarter

Unit: RMB

Indicate whether any of the quarterly financial data in the table above or their summations differs materially from what has beendisclosed in the Company's quarterly or interim reports.

□Yes ?No

4. Share capital and shareholders

(1) Table of the total number of ordinary shareholders and preferred shareholders with resumed voting rights as well asshareholdings of the top ten shareholders

Unit: Share

Participation of shareholders holding more than 5%, the top 10 shareholders, and the top 10 non-restricted shareholders in the lendingof shares under the refinancing business? Applicable □ Not applicable

Unit: Share

(2) Total number of preferred shareholders and shareholdings of the top 10 preferred shareholders

□Applicable ?Not Applicable

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

(3) Disclosure of property rights and control relationships between the Company and the actual controller in block diagram

□Applicable ?Not Applicable

5. Existing bonds on the date of approval and disclosure of the annual report? Applicable □ Not applicable

(1) General Information on Corporate Bonds

Note 1: The Sci-Tech Innovation Corporate Bonds (Digital Economy) Publicly Offered by TCL Technology Group Corporation toProfessional Investors in 2024 (Phase 3) (Type 1) have a term of 5 years and will expire on July 8, 2029. The bonds include the issuer'sredemption option, the option to adjust the coupon rate, and the investor's put option at the end of the third year. If the issuer's calloption or investors' put option is exercised, the maturity date of the exercised bonds shall be July 8, 2027.Note 2: Sci-Tech Innovation Corporate Bonds (Digital Economy) Publicly Offered by TCL Technology Group Corporation toProfessional Investors in 2024 (Phase 2) have a term of 5 years and will expire on April 11, 2029. The bonds include the issuer'sredemption option, the option to adjust the coupon rate, and the investor's put option at the end of the third year. If the issuer's calloption or investors' put option is exercised, the maturity date of the exercised bonds shall be April 11, 2027.Note 3: The Sci-Tech Innovation Corporate Bonds (Digital Economy) Publicly Offered by TCL Technology Group Corporation toProfessional Investors in 2024 (Phase 1) will distribute repurchase funds on February 5, 2025 based on the exercise results of investors'put options, and will implement the resale of repurchased bonds from February 6, 2025 to March 5, 2025. After the resale is completed,the outstanding balance will be RMB 1.5 billion, and the maturity date will be February 1, 2026.

(2) The latest tracking ratings and rating changes of bonds

No change

(3) Key accounting data and financial indicators of the Company for the past two years as at the end of the reporting period

Part III. Significant EventsDuring the Reporting Period, there were no material changes in the Company's business operations, nor did any events occur thatsignificantly impacted on the Company's operations.Part IV. Report of the Board

(1) Company-related industry outlook during the Reporting PeriodGlobal political unpredictability and volatility persisted in 2024, as geopolitical tensions had notyet subsided, and industry and supply chain restructuring was still intensifying. Meanwhile, highinterest rates and inflation worldwide continued to have an impact on global economic growth. In theface of a challenging external environment, the Company was steadfast in its long-term strategy,focusing on three key business pillars: displays, new energy photovoltaics, and other silicon materials.This was in order to improve operational resilience and promote high-quality and sustainable growth.In 2024, the Company achieved an operating revenue of RMB 164.8 billion, net profits attributableto shareholders of listed companies of RMB 1.56 billion, and a net operating cash flow of RMB 29.5billion, increasing by 16.6% YoY.There were key factors affecting the Company's performance: During the reporting period, thesupply-side structure of the display industry continued to optimize, the demand-side trended towardslarger sizes, and the exploration of AI applications drove the growth of panel demand and added value,further improving the industry's supply-demand relations. As a result, the overall prices ofmainstream products were higher than those in the same period last year. By actively optimizingbusiness strategies and operational structures, the Company's display business achieved a recordannual revenue of RMB 104.3 billion, increasing by 25% YoY, along with a net profit of RMB 6.23billion, increasing by RMB 6.24 billion compared to 2023. The industry downturn had a negative

impact on TZE's photovoltaic industry, since the concentrated release of production capacity in thesector caused long-term price drops across key products in the industry chain, in combination withstrategic misalignment, structural deficiencies in the business model, and incorrect operationaldecision-making, these contributed to a marked deterioration in business performance. TZE's reportedannual revenue of RMB 28.4 billion, and impacted net profit of TCL TECH. attributable to the parentcompany amounted to RMB -2.94 billion. As a more stable and balanced competitive landscape forms,driven by industry self-discipline, leading to a leveling out and recovery of product prices, TZE hasproactively revamped its business philosophy, optimized organizational processes, advanced itsoperational transformation, and rebuilt core competencies. TZE’s operating performance hasachieved a quarter on quarter improvement.The Company has strengthened its proprietary technology portfolio, synergisticallyintegrated AI with industrial automation systems, and elevated end-to-end operationalefficiency across advanced manufacturing processes by adopting technological innovations asthe main driver. In 2024, the Company invested RMB 8.87 billion in R&D, accounting for 5.4% ofthe operating revenue. The Company has strengthened its position as a leader in the display industryby accelerating the development of MLEDs (Micro/Mini-LEDs), and achieving mass production ofinkjet printed OLEDs, which leads the industry commercialization. Meanwhile, it has obtained thesecond-highest number of patents worldwide (2,913 filed patents) in quantum dot displaytechnologies, covering both fundamental materials and process advancements. The Company hascontinuously led autonomous technological innovations and the accumulation of process know-howin the new energy photovoltaic field. The Company is well-positioned to capitalize on opportunitiesin new technology iterations by upgrading photovoltaic materials to N-type and large-size formats,and creating a BC cooperative ecosystem through the commercialization of intellectual property andpatents. Focusing on the integration of artificial intelligence and advanced manufacturing innovation,the Company has systematically improved efficiency, benefits, and comprehensive competitivenessby comprehensively utilizing various AI technologies such as machine vision and large models toreshape R&D design, production manufacturing, and operational processes.

Optimize the layout of production capacity and product structure to consolidate scaleadvantages and industry status. The Company's display business has optimized both production

capacity and product structure, enabling downstream brand customers to develop multiple flagshipproducts across the consumer electronics, automotive, and home appliance sectors. During thereporting period, the Company ranked second globally in terms of TV panel shipments, second inmonitor panel shipments, first in LTPS laptop and LTPS tablet shipments, third in LTPS vehicle-mounted device shipment area, and fourth in flexible OLED smartphone panel shipments. As of thereporting period, the Company's business of new energy photovoltaics increased monocrystallineproduction capacity to 190GW, with photovoltaic material product shipments reaching approximately

125.8GW, an increase of 10.5% YoY, and obtaining a silicon wafer market share of 18.9%, rankedfirst in the industry.

Deepen the global operating system, actively explore global markets, and improve theglobal industrial layout. In the display business, the Company actively established an overseas salesand service network, expanding its global market presence by deepening customer collaboration. TheCompany created localized service ecosystems to further seize global market opportunities byutilizing foreign module production bases to integrate regional capacity. For the new energyphotovoltaic business, the Company firmly carried forward a globalization strategy, activelyevaluated and explored industrial opportunities in key countries or regions worldwide to enhanceglobal production and sales capabilities as well as brand image.The Company consistently improves its comparative competitive edge, maximizes synergiesacross essential components, and creates a globally dominant industry flywheel by adhering tolong-term strategic guidance and utilizing its business scale and market position. The Company'slarge-size display business fully utilized the technical advantages of G11 high-generation lines,increasing the proportion of ultra-large, ultra-high-definition, and high-refresh-rate products. Withthe help of the synergistic integration of Oxide, LTPS, and A-Si technologies, as well as a wideportfolio of products, the medium-sized display business constantly improved its layout, securing aleading position and rapidly growing its market share. The Company concentrated on premium OLEDsolutions and customized offers for strategic clients of small-sized displays. The Company's newenergy photovoltaic business strengthened its cost moat through large-scale intelligent manufacturingof crystal wafers, expanded its product portfolio of solar modules while revitalizing its brand,improved its business layout, and collaborated with strategic partners to jointly build a sustainable

development ecosystem for the industry.

(2) Main businesses of the Company during the Reporting PeriodThe Company focused on the development of the core business of displays and new energyphotovoltaics and other silicon materials, and was committed to achieving the strategic goal of globalleadership.

(I) Display BusinessThe retail demand for LCD TVs stayed steady worldwide in 2024. The trend toward largerscreens was further fueled by international sporting events and China's "home appliance replacement"policy, which increased the average TV size by roughly 1 inch annually and maintained the surge inthe demand area for panels. The orderly exit of outdated production capacity on the supply side hasfurther optimized the industry's competitive landscape, bringing the supply-demand relationshiptowards equilibrium and ensuring the industry's healthy and sound development. TV panel pricesexperienced a mild increase in the first half of 2024, a slight decrease in the third quarter, andstabilized by the year-end, with production line utilization rates and average annual prices continuingto rise YoY.In the business of small and medium-sized displays, technological innovation drove structuralgrowth opportunities, with trends such as AIPC, autonomous driving, and foldable screens fuelingthe expansion of high-end display demand. Robust demand growth was driven by the rapid adoptionof flexible OLED panels in the mid-range smartphone market and their expanding use in medium-sized display applications. Prices for small and medium-sized display products have remained overallstable.

By leveraging its strengths in terms of scale and efficient operation, TCL CSOT has consistentlyoptimized its business and product mix with favorable price increases for key products, andsignificantly boosted operating performance. During the reporting period, the display business

TCL TECH.Display

TCL CSOT

ZhonghuanPhotovoltaics

TCL Capital

achieved operating revenue of RMB 104.3 billion, a year-on-year increase of 25%; net profitreached RMB 6.23 billion, improving by RMB 6.24 billion YoY; and the annual operating cashflow increased by 36% YoY to RMB 27.4 billion.In the segment of large-sized products, TCL CSOT leveraged its advantages in terms ofthe capacity of high-gen production lines and client structure, and led the larger and high-enddevelopment of large-sized TV panels. Leveraging the manufacturing efficiency and processadvantages of high-generation production lines, TCL CSOT has led the advancement in picturequality and energy-saving innovations for large-sized products. By collaborating with strategiccustomers, the Company continues to enhance the penetration rate of ultra-large and high-end TVproducts. During the reporting period, the Company's product structure was continuously optimized.The proportion of TV panel product area in the sizes of 55 inches and above increased to 82%, whilethe proportion of those in 65 inches and above rose to 56%. Products of 85 inches and 98 inchesexperienced a rapid growth in volume. In addition, the Company's TV panel market share remainedfirmly among the top two globally, with 55-inch, 65-inch, and 75-inch products ranking firstworldwide. In the commercial display business, the competitiveness of products, such as interactivewhiteboards and advertising machines was strengthened, with market share ranking among the topthree globally.

In the business of medium-sized products, TCL CSOT has diversified its business layoutin IT and vehicle-mounted devices. By deepening strategic cooperation with key customers, ithas enhanced product competitiveness and market share. The t9 production line remains onschedule with both capacity ramp-up and brand customer acquisition, while the 6th-generation LTPSline has accelerated its business restructuring. With the improvement of capacity layout, the Companyhas achieved full technology coverage in the IT display field, including A-Si, OXIDE, LTPS, andOLED, meeting customers' diverse and differentiated needs. The Company's overall monitorshipment ranking has risen to the second in the world, including the gaming monitor market sharewhich is ranked first globally; The shipment volume of laptop and tablet products has shown steadygrowth, including that of the LTPS laptops and tablets ranked first globally; In the business of vehicle-mounted devices, the Company has seized the trend of large screens and high-end models, supplyingvehicle-mounted LTPS displays to several leading car manufacturers for their high-end models, with

the shipment area rising to the third globally.In the small-sized display business, TCL CSOT focuses on the high-end market,continuously optimizing its product and customer structure, with a significant increase inshipments of flexible OLED products. The Company ranks second globally in LTPS mobile panelshipments, and its market share of flexible OLED mobile panels has risen to the fourth placeworldwide. The Company completed the capacity upgrade of LTPO and Tandem in the t4 productionline, thus advancing the technological iteration of lower power consumption products, increasing theproportion of high-end products, with LTPO product shipments growing by 185% YoY, and theshipment share of foldable screens rising to third globally. For new technologies such as flexibleOLED folding, Pol-Less low power consumption, and FIAA ultra-narrow bezels, the Company hasreached an industry-leading level, supplying flagship smartphones to top-tier clients. The Companydrives the improvement of its small-sized display business operations through productpremiumization, process optimizations, and yield enhancements.TCL CSOT drives business development through technological innovation, increasingR&D investment and product development in cutting-edge technologies such as printed OLEDand MLED. TCL CSOT launched the new APEX technology brand, continuously investing inimproving display quality and reducing power consumption, with annual R&D investment exceedingRMB 7 billion. The Company had dedicated itself to original innovation in the field of cutting-edgetechnologies. The mass production and shipment of its 21.6-inch inkjet printed OLED medicaldisplays marked the world’s first commercialization of this next-generation display technology underthe leadership of a Chinese enterprise. The Company had also achieved notable advancements insilicon-based Micro-LEDs, Mini-LED direct displays, and Micro-LED technologies. The Companyhas also actively collaborated with customers to expand applications for AR glasses, Mini-LEDproducts, and other solutions across various business sectors.TCL CSOT, actively seizing the opportunity for the transformation and upgrade broughtby the AI tech revolution in the display industry, has deeply integrated AI tech withmanufacturing scenarios, and started moving towards a new stage of intelligent and efficientdevelopment. TCL CSOT has spearheaded the deep integration of AI technology into manufacturingoperations by utilizing its network of world-class panel production lines. It now leads the industry in

AI-powered intelligent manufacturing capabilities with extensive industrial data assets and provenapplication expertise. Currently, AI large models primarily serve the Company's R&D andmanufacturing operations, while also expanding into supply chain, quality, sales, HR, and other fields.AI large models have achieved comprehensive application from R&D design to productionmanufacturing, systematically enhancing the efficiency and competitiveness across the entirebusiness chain through the integrated application of various AI algorithms.Recently, TCL CSOT has completed the acquisition of 100% equity in LG Display (China)Co., Ltd. and LG Display (Guangzhou) Co., Ltd. Such acquisition will be included in theconsolidated financial statements starting from the second quarter of 2025. Upon the completionof this transaction, TCL CSOT will achieve diverse upgrades in its display technology matrix,broaden its customer base, and enhance scale effects and operational efficiency throughmanufacturing synergy.

From a long-term perspective, the global market for display terminals maintained a steady pace,and the increasing demand for larger sizes will continue to fuel growth in the overall display segment.As a core upstream component of global consumer electronics, display products, benefiting from thewave of AI terminal innovation, continue to evolve and upgrade, along with the continuous expansionof the market for emerging application scenarios. A clustering effect has emerged among industryleaders on the supply side. Leading enterprises build significant competitive advantages through scaleeconomies, technological skills, financial strengths, and full-industry-chain synergies. This hasgenerated a robust ecosystem defined by a dynamic supply-demand equilibrium. As the marketreturns to a rational return cycle, the profitability of major manufacturers has entered a stage of steadyrecovery. TCL CSOT will continue to promote the upgrading of the display industry's valuechain, thus achieving improvements in both business operational efficiency and industrial value.

(II) New Energy Photovoltaic and Other Silicon Material Business

In 2024, the installation of global photovoltaic terminals continued to grow. However, with theconcentrated release of production capacity across the main industry chain links, the product pricescontinued to decline, resulting in losses across the entire industry. By the fourth quarter, industryplayers had jointly promoted self-regulation practices, improving competitive dynamics and

stabilizing prices across the value chain. The gradual transformation from extensive scale competitionto competition based on operational quality, efficiency, technology, and channels across the industryposed a comprehensive challenge to the Company's management efficiency, technological innovationcapabilities, and product and channel capabilities.During the reporting period, TZE achieved an operating revenue of RMB 28.4 billion,decreasing by 52% YoY, a net profit attributable to its shareholders of RMB -9.82 billion, and a netoperating cash flow of RMB 2.839 billion. The main factors affecting the Company's performanceinclude: The core materials business experienced a shift to negative gross margins starting in thesecond quarter due to continued price declines and inventory write-downs; due to the lack ofdifferentiated competitiveness, the cell and module business exacerbated performance fluctuations atthe bottom of the industry cycle; Maxeon, the overseas subsidiary, underwent a period oftransformation, during which operational losses compounded by asset impairment further draggeddown the Company's performance. In response to the challenges in the operation faced by theCompany, from the second half of 2024, the Company strove to shift its operational philosophy,optimized its organizational processes, advanced its business transformation, and rebuilt its corecapabilities. In the first quarter of 2025, the Company has already achieved a QoQ improvement inoperational performance and is confident in achieving growth in 2025.TZE will firmly keep advancing its corporate transformation, turning technologicaladvantages into product strengths, thereby enhancing relative competitiveness. In the crystalwafer sector, by leveraging technological innovations and lean manufacturing, the Company hasestablished a competitive edge with ongoing efforts to enhance silicon material utilization, reducefurnace costs, and increase wafer output per kilogram, which are guiding the industry’s transition toN-type and larger-sized products. During the reporting period, the Company's silicon wafer shipmentsincreased by 10.5% YoY to 125.8GW, maintaining an 18.9% market share in the overall silicon wafersector, thus maintaining its leading position in the industry; the Company is firmly advancing thetrend towards larger silicon wafers, establishing a 210 ecosystem, and has shipped 60.4GW of large-sized (210 series) products. With the cell and module business positioned with a dual-brand modulestrategy, the Company rebuilt the global marketing system, upgraded the capacity of Topcon and BC

modules, continuously refined the product portfolio, achieved efficient product combinations, andenhanced its value creation capabilities through global industrial synergy.TZE will continue to advance its globalization strategy and, by leveraging its Industry 4.0smart manufacturing capabilities, accelerate the local manufacturing layout in global barriermarkets. In collaboration with RELC, fully owned by Saudi Arabia’s Public Investment Fund (PIF),and Vision Industries, the Company built the world's largest overseas crystal wafer plant to bolsterits global competitiveness. As Maxeon is facing certain operational pressures due to its owntransformation and various external factors, the Company will continue to facilitate improvements inMaxeon's capital structure, business, and operations.The Company believes that the Matthew effect within the photovoltaic industry will contributeto a more optimized long-term market structure, enhance profitability, and has confidence that it canbuild a lasting competitive advantage in the industry downturn.

Looking ahead, the display panels, as information interaction carriers, are becoming more andmore important, and will continue to accelerate development based on the vast application scenariosof global consumer electronics, automobiles and home appliances; Benefiting from macro policieslike expanding domestic demand and boosting consumption, as well as industry trends like large-sized displays and AI, the Company's display business is expected to sustain its growth and improveprofitability. As the photovoltaic industry is gradually emerging from the bottom, and the pricesacross the supply chain are stabilizing and recovering, the Company’s new energy photovoltaicbusiness will enhance its relative competitive advantages to smoothly navigate the industry cycles.By upholding the spirit of "Embark on the Voyage and Press Ahead Against All Odds", andbeing guided by the principles of "Strategic Leadership, Innovation-Driven, AdvancedManufacturing and Global Operations", the Company will firmly seize opportunities presented by thetrend of AI, the upgrading of technology manufacturing and the transformation of global energystructure, thus achieving sustainable high-quality development and advancing toward a globally-leading status.

TCL Technology Group CorporationThe Board of Directors

April 28, 2025