THIRD QUARTERLY REPORT 2022

October 2022BOE Technology Group Co. Ltd. Third Quarterly Report 2022

Stock Code: 000725 Stock Name: BOE-A Announcement No. 2022-076

Stock Code: 200725 Stock Name: BOE-B Announcement No. 2022-076

BOE TECHNOLOGY GROUP CO. LTD.THIRD QUARTERLY REPORT 2022

BOE Technology Group Co. Ltd. (hereinafter referred to as the “Company”) and all the

members of the Company’s Board of Directors hereby guarantee that the contents of this

Report are true accurate and complete and free of any misrepresentations misleading

statements or material omissions.Important Notes:

The Board of Directors (or the “Board”) the Supervisory Committee as well as the directors supervisors and

senior management of BOE Technology Group Co. Ltd. (hereinafter referred to as the “Company”) hereby

guarantee the factuality accuracy and completeness of the contents of this Report and shall be jointly and

severally liable for any misrepresentations misleading statements or material omissions therein.All the directors of the Company except for the following attended in person the Board meeting for the review

of this Report.Name Office title Reason for not attending the meeting in person Proxy entrusted to attend the meeting

Wang Duoxiang Independent director Due to work Tang Shoulian

Mr. Chen Yanshun the Company’s legal representative Mr. Gao Wenbao President of the Company Ms. Yang

Xiaoping the Company’s Chief Financial Officer and Mr. Teng Jiao head of the Company’s financial

department (equivalent to financial manager) hereby guarantee that the Financial Statements carried in this

Report are factual accurate and complete.This Report has been prepared in both Chinese and English. Should there be any discrepancies or

misunderstandings between the two versions the Chinese version shall prevail.The financial statements in this Report have not been audited by an independent auditor.

2BOE Technology Group Co. Ltd. Third Quarterly Report 2022

I Key Financial Information

(I) Key Accounting Data and Financial Indicators

Indicate by tick mark whether there is any retrospectively restated datum in the table below.□Yes □ No

Reason for any retrospectively adjustment or restatement

Change of accounting policy

YoY

YoY change

Q3 2021 change Q1-Q3 2021

Item Q3 2022 Q1-Q3 2022 (%) (%)

Before Restated Restated Before Restated Restated

Operating revenue (RMB) 41134145106.00 55993022701.00 56184413318.00 -26.79% 132744386975.00 163278349727.00 164802432028.00 -19.45%

Net profit attributable to the listed

-1304557522.007253390635.007242168422.00-118.01%5291104216.0020015415603.0020159331599.00-73.75%

company’s shareholders (RMB)

Net profit attributable to the listed

company’s shareholders before -2688031763.00 6937108280.00 6925886067.00 -138.81% 1551424330.00 18598725052.00 18742641048.00 -91.72%

exceptional items (RMB)

Net cash generated from/used in

----31030436301.0044751381483.0044793836011.00-30.73%

operating activities (RMB)

Basic earnings per share

-0.0390.1970.196-119.90%0.1280.5600.564-77.30%

(RMB/share)

Diluted earnings per share

-0.0390.1970.196-119.90%0.1280.5590.564-77.30%

(RMB/share)

Weighted average return on equity

-1.15%6.56%6.56%-7.71%3.75%19.76%19.90%-16.15%

(%)

31 December 2021 YoY change (%)

Item 30 September 2022

Before Restated Restated

Total assets (RMB) 430996506952.00 449726980355.00 450232603405.00 -4.27%

Equity attributable to the listed

133304426299.00142925547899.00143086216558.00-6.84%

company’s shareholders (RMB)

Reason for accounting policy change and correction of accounting error:

As required by the Q&A on the Implementation of Fixed Assets Standards and the Interpretation of Accounting Standards for Business Enterprises No. 15 issued by the Ministry of Finance the

Group retrospectively adjusted related items of financial statements of the beginning of the year and those of the same period of last year. The above changes of accounting policies have no

significant influence on the Company’s financial status and operating results.

3BOE Technology Group Co. Ltd. Third Quarterly Report 2022

(II) Exceptional Gains and Losses

□ Applicable □ Not applicable

Unit: RMB

Item Q3 2022 Q1-Q3 2022 Note

Gain or loss on disposal of non-current assets (inclusive

79572579.00 78092447.00 N/A

of impairment allowance write-offs)

Tax rebates reductions and exemptions with ultra vires

0.00 0.00 N/A

approval or in lack of duly approved document

Government grants through profit or loss (exclusive of

government grants continuously given in the Company’s

1711347864.00 4671701492.00 N/A

ordinary course of business at fixed quotas or amounts

as per the government’s policies and standards)

Capital occupation charges on non-financial enterprises

0.00 0.00 N/A

that are charged to current gains and losses

Income equal to the amount by which investment costs

for the Company to obtain subsidiaries associates and

joint ventures are lower than the Company’s enjoyable 0.00 0.00 N/A

fair value of identifiable net assets of investees when

making investments

Gains and losses on non-monetary asset swap 0.00 0.00 N/A

Gains and losses on investment or asset management

0.00 0.00 N/A

entrustments to other entities

Allowance for asset impairments due to acts of God such

0.00 0.00 N/A

as natural disasters

Gains and losses on debt restructuring 0.00 0.00 N/A

Restructuring costs in staff arrangement integration etc. 0.00 0.00 N/A

Gains and losses on over-fair value amount as a result of

0.00 0.00 N/A

transactions with distinctly unfair prices

Current gains and losses on subsidiaries acquired

through business mergers under same control from 0.00 0.00 N/A

period-beginning to merger dates net

Gains and losses on contingencies that do not arise in the

0.00 0.00 N/A

Company’s ordinary course of business

Gain or loss on fair-value changes in held-for-trading

financial assets and liabilities & investment income from

disposal of held-for-trading financial assets and

84341679.00 206664669.00 N/A

liabilities and available-for-sale financial assets

(exclusive of effective portion of hedges that arise in the

Company’s ordinary course of business)

Reversed portion of impairment allowance for accounts

-4467867.00 16060417.00 N/A

receivable which are tested individually for impairment

Gains and losses on loan entrustment 0.00 0.00 N/A

Gains and losses on fair value changes in investment

property of which subsequent measurement is carried 0.00 0.00 N/A

out using fair value method

Effects of all adjustments required by taxation

accounting and other applicable laws and regulations on 0.00 0.00 N/A

current gains and losses

Income from charges on entrusted management 0.00 0.00 N/A

Non-operating income and expense other than above 9333511.00 94814586.00 N/A

Other gains and losses that meet definition of

0.00 0.00 N/A

nonrecurring gain/loss

Less: Income tax effects 35390997.00 127458444.00 N/A

Non-controlling interests effects (net of tax) 461262528.00 1200195281.00 N/A

Total 1383474241.00 3739679886.00 --

Other items that meet the definition of exceptional gain/loss:

□Applicable □ Not applicable

No such cases in the Reporting Period.

4BOE Technology Group Co. Ltd. Third Quarterly Report 2022

Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item listed in the Explanatory Announcement

No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss Items:

□Applicable □ Not applicable

No such cases in the Reporting Period.(III) Changes in Key Financial Statement Line Items and Explanation of why

□ Applicable □ Not applicable

Changes in key line items of the income statement and explanation of why:

1. Finance costs declined 53% during Q1-Q3 2022 compared to Q1-Q3 2021 primarily driven by the decreased net interest

expense during the Reporting Period.

2. Other income rose 206% during Q1-Q3 2022 compared to Q1-Q3 2021 primarily driven by the increased government grants

during the Reporting Period.

3. Gain on changes in fair value rose 93% during Q1-Q3 2022 compared to Q1-Q3 2021 primarily driven by the increased gains

on investments in wealth management products during the Reporting Period.Changes in key line items of the balance sheet and explanation of why:

1. Construction in progress as at 30 September 2022 rose 33% compared to 1 January 2022 primarily driven by new construction

projects yet to be transferred to fixed assets during the Reporting Period.II Shareholder Information

(I) Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well

as Holdings of Top 10 Shareholders

Unit: share

Number of ordinary shareholders 1604066 (including 1571609 A-shareholders and 32457 B-shareholders)

Top 10 shareholders

Shares in pledge

Nature of Shareholding Restricted

Name of shareholder Total shares held marked or frozen

shareholder percentage shares

Status Shares

Beijing State-owned Capital Operation State-owned legal

10.64% 4063333333 0 N/A 0

and Management Company Limited person

Hong Kong Securities Clearing Foreign legal

3.70% 1414248418 0 N/A 0

Company Ltd. person

Beijing BOE Investment & State-owned legal

2.15% 822092180 0 N/A 0

Development Co. Ltd. person

Beijing Jing Guorui Soe Reform and

Other 1.88% 718132854 718132854 N/A 0

Development Fund (L.P.)

State-owned legal

Hefei Jianxiang Investment Co. Ltd. 1.74% 666195772 0 N/A 0

person

Domestic non-

Fuqing Huirong Venture Capital Group

state-owned legal 1.41% 538599640 0 N/A 0

Co. Ltd.person

Sinatay Life Insurance Co. Ltd.-

Other 0.80% 305330128 0 N/A 0

Traditional Product

Beijing Yizhuang Investment Holdings State-owned legal

0.74% 281295832 0 N/A 0

Co. Ltd person

Domestic non-

Ningxia Risheng High-tech Industry

state-owned legal 0.72% 275196266 0 N/A 0

Co. Ltd. person

5BOE Technology Group Co. Ltd. Third Quarterly Report 2022

State-owned legal

Beijing Electronics Holdings Co. Ltd. 0.72% 273735583 0 N/A 0

person

Top 10 unrestricted shareholders

Shares by class

Name of shareholder Unrestricted ordinary shares held

Class Shares

Beijing State-owned Capital Operation

4063333333 RMB-denominated ordinary share 4063333333

and Management Company Limited

Hong Kong Securities Clearing

1414248418 RMB-denominated ordinary share 1414248418

Company Ltd.Beijing BOE Investment &

822092180 RMB-denominated ordinary share 822092180

Development Co. Ltd.Hefei Jianxiang Investment Co. Ltd. 666195772 RMB-denominated ordinary share 666195772

Fuqing Huirong Venture Capital Group

538599640 RMB-denominated ordinary share 538599640

Co. Ltd.Sinatay Life Insurance Co. Ltd.-

305330128 RMB-denominated ordinary share 305330128

Traditional Product

Beijing Yizhuang Investment Holdings

281295832 RMB-denominated ordinary share 281295832

Co. Ltd

Ningxia Risheng High-tech Industry

275196266 RMB-denominated ordinary share 275196266

Co. Ltd.Beijing Electronics Holdings Co. Ltd. 273735583 RMB-denominated ordinary share 273735583

Xu Lili 236248998 RMB-denominated ordinary share 236248998

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

of Beijing Electronics Holdings Co. Ltd.

2. Beijing Electronics Holdings Co. Ltd. held 66.25% equities of Beijing BOE Investment &

Development Co. Ltd. and was its controlling shareholder.

3. After the non-public issuing of BOE in 2014 Hefei Jianxiang Investment Co. Ltd. by entering

into Implementation Protocol of Voting Right agreed to maintain all of the shares held by them

respectively unanimous with Beijing BOE Investment & Development Co. Ltd. when executing

the voting rights of the shareholders.

4. After the non-public issuing of the Company in 2014 Beijing State-owned Capital Operation

and Management Company Limited handed over 70% of the shares directly held by it to Beijing

Electronics Holdings Co. Ltd. for management through Stock Management Protocol and Beijing

Electronics Holdings Co. Ltd. gained the incidental shareholders’ rights except for disposing right

and usufruct of the shares of which the rest 30% voting right maintained unanimous with Beijing

Related or acting-in-concert parties Electronics Holdings Co. Ltd. through the agreement according to Implementation Protocol of

among the shareholders above Voting Right.

5. During the non-public issuing of the Company in 2021 Beijing Jing Guorui Soe Reform and

Development Fund (L.P.) signed the Acting-in-Concert Agreement with Beijing Electronics

Holdings Co. Ltd.

6. 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 Management Co. Ltd. is the general partner of Beijing Jing Guorui Soe

Reform and Development Fund (L.P.). In addition among the nine members of the Investment

Decision-Making Committee of Beijing Jing Guorui Soe Reform and Development Fund (L.P.)

three are nominated by Beijing State-owned Capital Operation and Management Company

Limited.

7. 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. held 232612566 shares in the

Company via its credit securities account and shareholder Xu Lili held 229814698 shares in the

Top 10 ordinary shareholders involved

Company via her credit securities account.in securities margin trading (if any)

2. Except for the aforesaid the Company does not know any other top-10 ordinary shareholder

who was involved in securities refinancing.Note: As of the end of the Reporting Period among the top 10 shareholders BOE Technology Group Co. Ltd. held 528186052

A-shares of the Company via its special repurchase security account accounting for 1.38%.

6BOE Technology Group Co. Ltd. Third Quarterly Report 2022

(II) Number of Preference Shareholders and Shareholdings of Top 10 of Them

□Applicable □ Not applicable

III Other Significant Events

□ Applicable □ Not applicable

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.Bond name Abbr. Bond code Date of issue Maturity

2019 Public Offering of Renewable Corporate Bonds

19BOEY1 112741 28 October 2019 29 October 2022

of BOE (for qualified investors) (Phase I)

2020 Public Offering of Renewable Corporate Bonds

of BOE (for qualified investors) (Phase I) (epidemic 20BOEY1 149046 27 February 2020 28 February 2023

prevention and control bonds)

2020 Public Offering of Renewable Corporate Bonds

of BOE (for qualified investors) (Phase II) (epidemic 20BOEY2 149065 18 March 2020 19 March 2023

prevention and control bonds)

2020 Public Offering of Renewable Corporate Bonds

of BOE (for qualified investors) (Phase III) (epidemic 20BOEY3 149108 24 April 2020 27 April 2023

prevention and control bonds)

2022 Public Offering of Renewable Corporate Bonds

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

(Phase I)

On 9 September 2022 the Company disclosed the Announcement on Not Exercising the Issuer’s Renewal Option for the 2019

Public Offering of Renewable Corporate Bonds (for Qualified Investors) (Phase I) (Announcement No. 2022-067). 19BOEY1

will reach its maturity of three years on 28 October 2022. As per the relevant Prospectus and Listing Announcement the Company

has decided not to exercise the issuer’s renewal option on 19BOEY1 and will fully redeem the said bonds instead. On 27 October

2022 the Company disclosed the Announcement on the Redemption of Corporate Bonds “19BOEY1” with Interest & the

Delisting of the Bonds (Announcement No. 2022-073). The Company will repay on 31 October 2022 the principals of the said

bonds together with the interest from 29 October 2021 to 28 October 2022 and delist the bonds.

2. Following the approval of the Proposal on the Repurchase of Domestically Listed Foreign Shares (B-shares) at the 39th Meeting

of the 9th Board of Directors and the 2021 Annual General Meeting the Company disclosed the Announcement No. 2022-030 on

the Plan for the Repurchase of Domestically Listed Foreign Shares (B-shares) on 31 March 2022 and the Report on the Repurchase

of Domestically Listed Foreign Shares (B-shares) (Announcement No. 2022-046) on 10 May 2022. The Company carried out the

first repurchase on 27 June 2022 and disclosed the Announcement No. 2022-050 on the First Repurchase of Domestically Listed

Foreign Shares (B-shares) on 28 June 2022. On 6 September 2022 the Company disclosed the Announcement No. 2022-065 on

the Completion of the Implementation of the Share Repurchase Plan & the Repurchase Results. As of 2 September 2022 all the

repurchased shares had been settled with the total amount used reaching the upper limit of the repurchase amount. The Company

has implemented the repurchase of the Company's shares by means of centralized bidding through a special securities account for

the repurchase and the cumulative number of B-shares repurchased was 243229361 accounting for approximately 25.9829% of

the Company's B-shares and 0.6327% of the Company's total share capital with the highest transaction price of HKD4.32 per

share and the lowest transaction price of HKD3.65 per share. The total amount paid was HKD999999946.81 (inclusive of

transaction costs). The above repurchase of the Company was in line with the requirements of relevant laws and regulations as

well as the established repurchase programme of the Company. On 22 September 2022 the Company disclosed the Announcement

on the Completion of the Cancellation of Repurchased Shares & Share Changes (Announcement No. 2022-071). The aforesaid

7BOE Technology Group Co. Ltd. Third Quarterly Report 2022

243229361 repurchased shares have been cancelled on 20 September 2022 with the Shenzhen branch of China Securities

Depository and Clearing Co. Ltd. with the cancelled number of shares date of completion and term of retirement all in compliance

with the applicable laws and regulations.

3. On 16 January 2021 the Company disclosed the Announcement on the Resolution of the 21st Meeting of the 9th Board of

Directors (Announcement No.2021-001) and the Plan for Non-Public Offering of A-Shares in 2021 and other related

announcements in which the Company intended to make a non-public offering of A-shares to no more than 35 specific investorsincluding Jing Guorui Fund. The net funds raised were expected to be no more than RMB20 billion which would be used for “theacquisition of a 24.06% stake in Wuhan BOE Optoelectronics” “a capital increase to Chongqing BOE Display and the constructionof the BOE Chongqing 6th-generation AMOLED (flexible) production line project” “a capital increase to Yunnan ChuangshijieOptoelectronics and the construction of the 12-inch OLED on silicon project” “a capital increase to Chengdu BOE Hospital andthe construction of the Chengdu BOE Hospital project” “the repayment of the loan of Fuzhou Urban Construction InvestmentGroup” and “supplementation of working capital”. On 19 August 2021 the Company disclosed the Summary of the Report on the

Non-public Offering of A-shares by BOE Technology Group Co. Ltd. & the Announcement on the Listing of these Shares

(announcement No. 2021-058) along with other relevant announcements. 3650377019 new shares were issued in the non-public

offering which were listed on the Shenzhen Stock Exchange on 20 August 2021. According to the Report on the Non-public

Offering of A-shares by BOE Technology Group Co. Ltd. & the Announcement on the Listing of these Shares of the net funds

raised in the 2021 non-public offering of A-shares RMB1 billion would be used for a capital increase to Yunnan Chuangshijie

Optoelectronics Technology Co. Ltd. and the construction of the 12-inch OLED on silicon project. The investment in the 12-inch

OLED on silicon project would be implemented in three stages. In the first stage the Company invested with its own funds and

the project has delivered small shipments in 2021. Due to unexpected developments in the target markets the Company considered

the risk of changing techniques and market demand and thus initiated the second and third stages of the project gradually. As of

the date of this Report the raised funds intended for the 12-inch OLED on silicon project have yet to be used and will be used

subsequently according to market conditions.IV Quarterly Financial Statements

(I) Financial Statements

1. Consolidated Balance Sheet

Prepared by BOE Technology Group Co. Ltd.Unit: RMB

Item 30 September 2022 1 January 2022

Current assets:

Monetary assets 77192968702.00 80986835088.00

Settlement reserve 0.00 0.00

Loans to other banks and financial institutions 0.00 0.00

Held-for-trading financial assets 15641783823.00 10028172853.00

Derivative financial assets 0.00 0.00

Notes receivable 141378056.00 217734298.00

Accounts receivable 27612286124.00 35503414820.00

Receivables financing 0.00 0.00

Prepayments 820470779.00 1112880007.00

Premiums receivable 0.00 0.00

Reinsurance receivables 0.00 0.00

Receivable reinsurance contract reserve 0.00 0.00

Other receivables 1078640384.00 1922828378.00

Including: Interest receivable 133333.00 0.00

8BOE Technology Group Co. Ltd. Third Quarterly Report 2022

Dividends receivable 0.00 2414503.00

Financial assets purchased under resale agreements 0.00 0.00

Inventories 28515432821.00 27805161436.00

Contract assets 138740600.00 75698324.00

Assets held for sale 0.00 0.00

Current portion of non-current assets 8535996.00 7700735.00

Other current assets 1770172092.00 3578919710.00

Total current assets 152920409377.00 161239345649.00

Non-current assets:

Loans and advances to customers 0.00 0.00

Debt investments 0.00 0.00

Other debt investments 0.00 0.00

Long-term receivables 26803942.00 29918542.00

Long-term equity investments 6572843071.00 6040948317.00

Investments in other equity instruments 578519766.00 519088146.00

Other non-current financial assets 606895447.00 606895447.00

Investment property 1127201030.00 1158365401.00

Fixed assets 209332092998.00 227141366885.00

Construction in progress 42654771984.00 32099711879.00

Productive living assets 0.00 0.00

Oil and gas assets 0.00 0.00

Right-of-use assets 729795962.00 753164237.00

Intangible assets 10625134718.00 11209498406.00

Development costs 0.00 0.00

Goodwill 1130006987.00 1130006987.00

Long-term prepaid expense 575371150.00 636530502.00

Deferred income tax assets 176436625.00 190335524.00

Other non-current assets 3940223895.00 7477427483.00

Total non-current assets 278076097575.00 288993257756.00

Total assets 430996506952.00 450232603405.00

Current liabilities:

Short-term borrowings 3249578667.00 2072057332.00

Borrowings from the central bank 0.00 0.00

Loans from other banks and financial institutions 0.00 0.00

Held-for-trading financial liabilities 0.00 0.00

Derivative financial liabilities 0.00 0.00

Notes payable 612435907.00 827958031.00

Accounts payable 26202233035.00 32455830694.00

Advances from customers 87414783.00 146140084.00

Contract liabilities 3264466226.00 3765081554.00

Financial assets sold under repurchase agreements 0.00 0.00

Customer deposits and deposits from other banks and

0.000.00

financial institutions

Payables for acting trading of securities 0.00 0.00

Payables for underwriting of securities 0.00 0.00

Employee benefits payable 3292286676.00 5133155237.00

Taxes and levies payable 1448575226.00 2200249305.00

Other payables 20420070649.00 23835374942.00

Including: Interest payable 145025.00 126701.00

Dividends payable 6388156.00 6561972.00

Fees and commissions payable 0.00 0.00

Reinsurance payables 0.00 0.00

Liabilities directly associated with assets held for sale 0.00 0.00

Current portion of non-current liabilities 33114135520.00 28874958714.00

Other current liabilities 3430794665.00 4051532509.00

Total current liabilities 95121991354.00 103362338402.00

Non-current liabilities:

9BOE Technology Group Co. Ltd. Third Quarterly Report 2022

Insurance contract reserve 0.00 0.00

Long-term borrowings 122129964187.00 116078666587.00

Bonds payable 358293368.00 359586437.00

Including: Preference shares 0.00 0.00

Perpetual bonds 0.00 0.00

Lease liabilities 719428159.00 669130264.00

Long-term payables 349671479.00 906592838.00

Long-term employee benefits payable 0.00 0.00

Provisions 0.00 0.00

Deferred income 4931684980.00 6416089611.00

Deferred income tax liabilities 1562101464.00 1525622873.00

Other non-current liabilities 3035963580.00 3535809876.00

Total non-current liabilities 133087107217.00 129491498486.00

Total liabilities 228209098571.00 232853836888.00

Owners’ equity:

Share capital 38202517121.00 38445746482.00

Other equity instruments 8108390917.00 14146997427.00

Including: Preference shares 0.00 0.00

Perpetual bonds 8108390917.00 14146997427.00

Capital reserves 54631964183.00 53804309393.00

Less: Treasury stock 3547452575.00 3415768207.00

Other comprehensive income -967662394.00 113551147.00

Specific reserve 0.00 0.00

Surplus reserves 2890218539.00 2889590205.00

General reserve 0.00 0.00

Retained earnings 33986450508.00 37101790111.00

Total equity attributable to owners of the Company as the

133304426299.00143086216558.00

parent

Non-controlling interests 69482982082.00 74292549959.00

Total owners’ equity 202787408381.00 217378766517.00

Total liabilities and owners’ equity 430996506952.00 450232603405.00

Legal representative: Chen Yanshun President of the Company’s Execution Committee: Gao Wenbao

Chief Financial Officer: Yang Xiaoping Head of the Company’s Financial Department: Teng Jiao

2. Consolidated Income Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2022 Q1~Q3 2021

1. Revenues 132744386975.00 164802432028.00

Including: Operating revenue 132744386975.00 164802432028.00

Interest income 0.00 0.00

Insurance premium income 0.00 0.00

Fee and commission income 0.00 0.00

2. Costs and expenses 132516593803.00 133758624223.00

Including: Cost of sales 114557562318.00 113370797266.00

Interest expense 0.00 0.00

Fee and commission expense 0.00 0.00

Surrenders 0.00 0.00

Net insurance claims paid 0.00 0.00

Net amount provided as insurance contract

0.000.00

reserve

Expenditure on policy dividends 0.00 0.00

Reinsurance premium expense 0.00 0.00

Taxes and levies 951347871.00 1098484767.00

Selling expense 2656477233.00 3411026739.00

Administrative expense 4654091569.00 5028571370.00

10BOE Technology Group Co. Ltd. Third Quarterly Report 2022

R&D expense 8399773016.00 8116730026.00

Finance costs 1297341796.00 2733014055.00

Including: Interest expense 2278171212.00 3645968371.00

Interest income 1015483608.00 741952363.00

Add: Other income 4688391574.00 1534520440.00

Return on investment (“-” for loss) 576119809.00 560152073.00

Including: Share of profit or loss of joint ventures

400596521.00487008937.00

and associates

Income from the derecognition of financial assets

0.000.00

at amortized cost (“-” for loss)

Exchange gain (“-” for loss) 0.00 0.00

Net gain on exposure hedges (“-” for loss) 0.00 0.00

Gain on changes in fair value (“-” for loss) 125006673.00 64613098.00

Credit impairment loss (“-” for loss) -25742411.00 -43202700.00

Asset impairment loss (“-” for loss) -5251448489.00 -3332862567.00

Asset disposal income (“-” for loss) 7913154.00 151124296.00

3. Operating profit (“-” for loss) 348033482.00 29978152445.00

Add: Non-operating income 135467497.00 64533897.00

Less: Non-operating expense 48767454.00 20810474.00

4. Gross profit (“-” for loss) 434733525.00 30021875868.00

Less: Income tax expense 1769526836.00 4000514020.00

5. Net profit (“-” for net loss) -1334793311.00 26021361848.00

5.1 By operating continuity

5.1.1 Net profit from continuing operations (“-” for net

-1334793311.0026021361848.00

loss)

5.1.2 Net profit from discontinued operations (“-” for net

0.000.00

loss)

5.2 By ownership

5.2.1 Net profit attributable to shareholders of the

5291104216.0020159331599.00

Company as the parent (“-” for net loss)

5.2.1 Net profit attributable to non-controlling interests

-6625897527.005862030249.00

(“-” for net loss)

6. Other comprehensive income net of tax -1080248241.00 -16990147.00

Attributable to owners of the Company as the parent -1074930204.00 3830238.00

6.1 Items that will not be reclassified to profit or loss -67403720.00 -72663515.00

6.1.1 Changes caused by remeasurements on defined

0.000.00

benefit schemes

6.1.2 Other comprehensive income that will not be

-51358569.00-30395334.00

reclassified to profit or loss under the equity method

6.1.3 Changes in the fair value of investments in other

-16045151.00-42268181.00

equity instruments

6.1.4 Changes in the fair value arising from changes

0.000.00

in own credit risk

6.1.5 Other 0.00 0.00

6.2 Items that will be reclassified to profit or loss -1007526484.00 76493753.00

6.2.1 Other comprehensive income that will be

73424.000.00

reclassified to profit or loss under the equity method

6.2.2 Changes in the fair value of other debt

0.000.00

investments

6.2.3 Other comprehensive income arising from the

0.000.00

reclassification of financial assets

6.2.4 Credit impairment allowance for other debt

0.000.00

investments

6.2.5 Reserve for cash flow hedges 0.00 0.00

6.2.6 Differences arising from the translation of

-1007599908.0076493753.00

foreign currency-denominated financial statements

6.2.7 Other 0.00 0.00

Attributable to non-controlling interests -5318037.00 -20820385.00

7. Total comprehensive income -2415041552.00 26004371701.00

7.1 Attributable to owners of the Company as the parent 4216174012.00 20163161837.00

7.2 Attributable to non-controlling interests -6631215564.00 5841209864.00

11BOE Technology Group Co. Ltd. Third Quarterly Report 2022

8. Earnings per share

8.1 Basic earnings per share 0.128 0.564

8.2 Diluted earnings per share 0.128 0.564

Where business combinations under common control occurred in the current period the net profit achieved by the acquirees before

the combinations was RMB0.00 with the amount for the same period of last year being RMB0.00 .Legal representative: Chen Yanshun President of the Company’s Execution Committee: Gao Wenbao

Chief Financial Officer: Yang Xiaoping Head of the Company’s Financial Department: Teng Jiao

3. Consolidated Cash Flow Statement for Q1~Q3

Unit: RMB

Item Q1~Q3 2022 Q1~Q3 2021

1. Cash flows from operating activities:

Proceeds from sale of commodities and rendering of

149238433709.00162946489854.00

services

Net increase in customer deposits and deposits from other

0.000.00

banks and financial institutions

Net increase in borrowings from the central bank 0.00 0.00

Net increase in loans from other financial institutions 0.00 0.00

Premiums received on original insurance contracts 0.00 0.00

Net proceeds from reinsurance 0.00 0.00

Net increase in deposits and investments of policy holders 0.00 0.00

Interest fees and commissions received 0.00 0.00

Net increase in loans from other banks and financial

0.000.00

institutions

Net increase in proceeds from repurchase transactions 0.00 0.00

Net proceeds from acting trading of securities 0.00 0.00

Tax and levy rebates 15073124057.00 8364815287.00

Cash generated from other operating activities 6776267125.00 4850018898.00

Subtotal of cash generated from operating activities 171087824891.00 176161324039.00

Payments for commodities and services 116214674571.00 107801306841.00

Net increase in loans and advances to customers 0.00 0.00

Net increase in deposits in the central bank and other banks

0.000.00

and financial institutions

Payments for claims on original insurance contracts 0.00 0.00

Net increase in loans to other banks and financial

0.000.00

institutions

Interest fees and commissions paid 0.00 0.00

Policy dividends paid 0.00 0.00

Cash paid to and for employees 15488498730.00 13584382845.00

Taxes and levies paid 4733280889.00 5980745956.00

Cash used in other operating activities 3620934400.00 4001052386.00

Subtotal of cash used in operating activities 140057388590.00 131367488028.00

Net cash generated from/used in operating activities 31030436301.00 44793836011.00

2. Cash flows from investing activities:

Proceeds from disinvestment 62428998594.00 23281402329.00

Return on investment 324649377.00 136429102.00

Net proceeds from the disposal of fixed assets intangible

5500981.0016503309.00

assets and other long-lived assets

Net proceeds from the disposal of subsidiaries and other

0.0088028400.00

business units

Cash generated from other investing activities 918167460.00 2804449647.00

Subtotal of cash generated from investing activities 63677316412.00 26326812787.00

Payments for the acquisition of fixed assets intangible

21617268503.0028852051825.00

assets and other long-lived assets

Payments for investments 68234624848.00 23351349232.00

Net increase in pledged loans granted 0.00 0.00

Net payments for the acquisition of subsidiaries and other 0.00 0.00

12BOE Technology Group Co. Ltd. Third Quarterly Report 2022

business units

Cash used in other investing activities 664476852.00 71264210.00

Subtotal of cash used in investing activities 90516370203.00 52274665267.00

Net cash generated from/used in investing activities -26839053791.00 -25947852480.00

3. Cash flows from financing activities:

Capital contributions received 2701942329.00 28856737400.00

Including: Capital contributions by non-controlling

2701942329.008987230000.00

interests to subsidiaries

Borrowings received 43532798686.00 23470837385.00

Cash generated from other financing activities 17184658.00 1516720582.00

Subtotal of cash generated from financing activities 46251925673.00 53844295367.00

Repayment of borrowings 41856013694.00 35141044729.00

Interest and dividends paid 12400683947.00 8272971303.00

Including: Dividends paid by subsidiaries to non-

42013745.0013580970.00

controlling interests

Cash used in other financing activities 2230559147.00 15579476970.00

Subtotal of cash used in financing activities 56487256788.00 58993493002.00

Net cash generated from/used in financing activities -10235331115.00 -5149197635.00

4. Effect of foreign exchange rates changes on cash and cash

1842700102.00-465908592.00

equivalents

5. Net increase in cash and cash equivalents -4201248503.00 13230877304.00

Add: Cash and cash equivalents beginning of the period 76623486083.00 68064736371.00

6. Cash and cash equivalents end of the period 72422237580.00 81295613675.00

(II) Independent Auditor’s Report

Indicate by tick mark whether the financial statements above have been audited by an independent auditor.□Yes □ No

These financial statements have not been audited by such an auditor.BOE Technology Group Co. Ltd.Board of Directors

28 October 2022

13