BOE Technology Group Co. Ltd. Interim Report 2024 (Summary)

Stock Code: 000725 200725 Stock Name: BOE-A BOE-B Announcement No. 2024-050

BOE TECHNOLOGY GROUP CO. LTD.INTERIM REPORT 2024 (SUMMARY)

Part I Important Notes

This Summary is based on the full Interim Report of BOE Technology Group Co. Ltd. (together with its consolidated subsidiaries

the “Company” except where the context otherwise requires). In order for a full understanding of the Company’s operating results

financial condition and future development plans investors should carefully read the aforesaid full report which has been disclosed

together with this Summary on the media designated by the China Securities Regulatory Commission (the “CSRC”).All the Company’s directors have attended the Board meeting for the review of this Report and its summary.Independent auditor’s modified opinion:

□ Applicable □ Not applicable

Board-approved interim cash and/or stock dividend plan for ordinary shareholders:

□ Applicable □ Not applicable

The Company has no interim dividend plan either in the form of cash or stock.Board-approved interim cash and/or stock dividend plan for preferred shareholders:

□ Applicable □ Not applicable

This Report and its summary have been prepared in both Chinese and English. Should there be any discrepancies or

misunderstandings between the two versions the Chinese versions shall prevail.Part II Key Corporate Information

1. Stock Profile

Stock name BOE-A BOE-B Stock code 000725 200725

Stock exchange for stock listing Shenzhen Stock Exchange

Changed stock name (if any) N/A

Contact information Board Secretary Securities Representative

Name Liu Hongfeng Luo Wenjie

12 Xihuan Middle Road Beijing 12 Xihuan Middle Road Beijing

Office address Economic-Technological Development Economic-Technological Development

Area P.R.China Area P.R.China

Tel. 010-64318888 ext. 010-64318888 ext.E-mail address liuhongfeng@boe.com.cn luowenjie@boe.com.cn

2. Key Financial Information

Indicate by tick mark whether there is any retrospectively restated datum in the table below.

1BOE Technology Group Co. Ltd. Interim Report 2024 (Summary)

□ Yes □ No

Item H1 2024 H1 2023 Change (%)

Operating revenue (RMB) 93386241632.00 80177875220.00 16.47%

Net profit attributable to the listed company’s

2284051354.00735809609.00210.41%

shareholders (RMB)

Net profit attributable to the listed company’s

shareholders before exceptional gains and losses 1613403381.00 -1584440291.00 201.83%

(RMB)

Net cash generated from/used in operating

24878969292.0016243669123.0053.16%

activities (RMB)

Basic earnings per share (RMB/share) 0.06 0.02 200.00%

Diluted earnings per share (RMB/share) 0.06 0.02 200.00%

Weighted average return on equity (%) 1.75% 0.50% 1.25%

Item 30 June 2024 31 December 2023 Change (%)

Total assets (RMB) 422367862387.00 419187099795.00 0.76%

Equity attributable to the listed company’s

130834067578.00129428307067.001.09%

shareholders (RMB)

3. Shareholders and Their Holdings as at the End of the Reporting Period

Unit: share

Number of ordinary shareholders at the period-

1134173 (including 1102840 A-shareholders and 31333 B-shareholders)

end

Top 10 shareholders (exclusive of shares lent in refinancing)

Nature of Shares in pledge marked

Shareholding

Name of shareholder shareholde Number of shares Restricted shares or frozen

percentage

r Status Shares

State-

Beijing State-owned Capital

owned

Operation and Management 10.79% 4063333333 0 N/A 0

legal

Company Limited

person

Foreign

Hong Kong Securities Clearing

legal 8.01% 3015216738 0 N/A 0

Company Ltd.person

State-

Beijing BOE Investment & owned

2.18% 822092180 0 N/A 0

Development Co. Ltd. legal

person

Beijing Jing Guorui Soe Reform

Other 1.91% 718132854 0 N/A 0

and Development Fund (L.P.)

State-

Hefei Jianxiang Investment Co. owned

1.77% 666195772 0 N/A 0

Ltd. legal

person

Domestic

non-state-

Fuqing Huirong Venture Capital

owned 1.43% 538599640 0 In pledge 15000000

Co. Ltd.legal

person

Industrial and Commercial Bank

of China Co. Ltd.- Huatai-

Other 1.16% 436417047 0 N/A 0

Pinebridge CSI 300 Exchange-

Traded Fund

Perseverance Asset Management- Other 0.94% 352999919 0 N/A 0

2BOE Technology Group Co. Ltd. Interim Report 2024 (Summary)

Perseverance Xiaofeng No.2

Zhixin Fund

Domestic

non-state-

Ningxia Risheng High-tech

owned 0.88% 331487366 0 N/A 0

Industry Co. Ltd. legal

person

FOTIC-Foreign Trade Trust-

Perseverance Xiaofeng

Other 0.88% 329988907 0 N/A 0

Hongyuan Assembled Fund Trust

Plan

1. Beijing State-owned Capital Operation and Management Company Limited indirectly held 100%

equities of Beijing Jingguorui Investment Management Co. Ltd. and directly held 77.5918% shares

of Beijing Jing Guorui Soe Reform and Development Fund (L.P.); Beijing Jingguorui Investment

Related or acting-in-concert Management Co. Ltd. is the general partner of Beijing Jing Guorui Soe Reform and Development

parties among the shareholders Fund (L.P.). In addition among the nine members of the Investment Decision-Making Committee of

above Beijing Jing Guorui Soe Reform and Development Fund (L.P.) three are nominated by Beijing

State-owned Capital Operation and Management Company Limited.

2. Except for the above relationships the Company does not know any other connected party or

acting-in-concert party among the top 10 shareholders.

1. Shareholder Ningxia Risheng High-tech Industry Co. Ltd. totally held 331487366 shares in the

Company via the customer credit transactions secured securities account in Orient Securities Co.Shareholders involved in

Ltd.securities margin trading (if any)

2. Except for the aforesaid as of the end of the Reporting Period no shareholder among the top-10

ordinary shareholders of the Company was involved in securities refinancing.

5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending

□ Applicable □ Not applicable

Unit: share

5% or greater shareholders top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending

Shares in the common Shares lent in Shares lent in

Shares in the common

account and credit refinancing and not refinancing and not

account and credit

account at the period- yet returned at the yet returned at the

account at the period-end

begin period-begin period-end

Full name of shareholder As %

As % of As % of

of As % of

total Total total Total

Total shares total Total shares total share

share shares share shares

share capital

capital capital

capital

Fuqing Huirong Venture Capital Co.

5353025401.42%32971000.01%5385996401.43%00.00%

Ltd.Industrial and Commercial Bank of

China Co. Ltd.- Huatai-Pinebridge CSI 279619047 0.74% 140700 0.00% 436417047 1.16% 0 0.00%

300 Exchange-Traded Fund

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the

prior period

□Applicable □ Not applicable

4. Change of the Controlling Shareholder or the Actual Controller in the Reporting Period

Change of the controlling shareholder in the Reporting Period:

□ Applicable □ Not applicable

The controlling shareholder remained the same in the Reporting Period.Change of the actual controller in the Reporting Period:

□ Applicable □ Not applicable

3BOE Technology Group Co. Ltd. Interim Report 2024 (Summary)

The actual controller remained the same in the Reporting Period.

5. Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable □ Not applicable

No preferred shareholders in the Reporting Period.

6. Outstanding Bonds at the Date when this Report Was Authorized for Issue

□ Applicable □ Not applicable

(1) Bond Profile

Balance Coupon

Bond name Abbr. Bond code Date of issue Maturity

(RMB’0000) rate

2022 Public Offering of

Renewable Corporate Bonds

of BOE (for professional 22BOEY1 149861 24 March 2022 25 March 2025 200000 3.50%

investors) (Digital Economy)

(Phase I)

(2) Relevant Financial Information as of the End of the Reporting Period

Unit: RMB'0000

Item 30 June 2024 31 December 2023

Debt/asset ratio 52.52% 52.81%

Item H1 2024 H1 2023

EBITDA-to-interest cover (times) 10.69 8.24

Part III Significant Events

1. On 18 October 2019 the Company disclosed the Announcement on the Company’s Application for CSRC’s Approval for its

Public Issue of Renewable Corporate Bonds (Announcement No. 2019-052) and the Company received the No. [2019] 1801

Approval from CSRC. Based on the approval the Company could publicly issue the renewable corporate bonds with the nominal

value no more than RMB30 billion to qualified investors. The bond outstanding as of the disclosure date of this Report is as

follows:

Bond name Abbr. Bond code Date of issue Maturity

2022 Public Offering of Renewable Corporate

Bonds of BOE (for professional investors) 22BOEY1 149861 24 March 2022 25 March 2025

(Digital Economy) (Phase I)

The Company disclosed 2024 "22BOEY1" Interest Payment Announcement (Announcement No. 2024-005) on 21 March 2024.The interest payment plan was RMB35.00 (including tax) every ten bonds.

2. On 2 April 2024 the Company disclosed the Announcement on the Election of Non-Independent Directors of the Tenth Session

of the Board of Directors (Announcement No: 2024-018). On 27 April 2024 the Announcement of the Resolutions of the 2023

Annual General Meeting was disclosed (Announcement No: 2024-023) where the Proposal on the Election of Non-Independent

Directors of the Tenth Session of the Board of Directors was deliberated and approved. Mr. Feng Qiang Mr. Zhu Baocheng and

Mr. Wang Xiping were elected as non-independent directors of the Tenth Board of Directors. On 28 May 2024 the Company

disclosed the Announcement of the Resolutions of the Thirtieth Meeting of the Tenth Board of Directors (Announcement No: 2024-

028). The Proposal on the Election of Vice Chairman of the Tenth Board of Directors was deliberated and approved where Mr.

4BOE Technology Group Co. Ltd. Interim Report 2024 (Summary)

Feng Qiang and Mr. Zhu Baocheng were elected as the Vice Chairmen of the Tenth Board of Directors. On 13 June 2024 the

Company disclosed the Announcement of the Resignation of Supervisor (Announcement No: 2024-031). Mr. Sun Fuqing

submitted his resignation as a supervisor of the Company due to work arrangement and will not hold any position in the Company

after his resignation. On 9 July 2024 the Company disclosed the Announcement of Resignation of Director (Announcement No:

2024-038). Mr. Zhu Baocheng submitted his resignation as a director and Vice Chairman of the Company due to work

arrangement and will not hold any position in the Company after his resignation. On 25 July 2024 the Company disclosed the

Announcement of the Resolutions of the Thirty-Second Meeting of the Tenth Board of Directors (Announcement No: 2024-042).The Proposal on Adjusting the Composition of the Executive Committee and Appointing Senior Management Personnel was

deliberated and approved. The current senior management member Mr. Feng Qiang was promoted from a member of the

Executive Committee and Executive Vice President to Vice Chairman of the Executive Committee. The Board of Directors

appointed Mr. Liu Zhiqiang as a member of the Executive Committee and Senior Vice President. On 25 July 2024 the Company

disclosed the Announcement of the Resolutions of the First Extraordinary General Meeting of 2024 (Announcement No: 2024-

040). The Proposal on Electing Supervisors of the Tenth Board of Supervisors of the Company was deliberated and approved with

Mr. Song Ligong elected as a supervisor of the Tenth Supervisory Board.

3. On 13 June 2024 the Company disclosed the Announcement No. 2024-030 on the Distribution of the 2023 Final Dividend. As

the 2023 Final Dividend Plan had been approved at the 2023 Annual General Meeting on 26 April 2024 the Company distributed

a 2023 final dividend of RMB0.3 per 10 shares (dividend to B-shareholders paid in HKD according to the central parity rate of

RMB and HKD declared by the People’s Bank of China on the first working day immediately after the date of the relevant general

meeting resolution) with no bonus issue from either profit or capital reserves.Chairman of the Board (signature): Mr. Chen Yanshun

Date of the Board’s approval of this Report: 26 August 2024

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