BOE Technology Group Co. Ltd. Interim Report 2022 (Summary)

Stock Code: 000725 200725 Stock Name: BOE-A BOE-B Announcement No. 2022-064

BOE TECHNOLOGY GROUP CO. LTD.INTERIM REPORT 2022 (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 2022 (Summary)

□ Yes □ No

Reason for retrospective restatement:

Change of accounting policy.Change

H1 2021

Item H1 2022 (%)

Before Restated Restated

Operating revenue (RMB) 91610241869.00 107285327026.00 108618018710.00 -15.66%

Net profit attributable to the listed

6595661738.0012762024968.0012917163177.00-48.94%

company’s shareholders (RMB)

Net profit attributable to the listed

company’s shareholders before 4239456093.00 11661616772.00 11816754981.00 -64.12%

exceptional gains and losses (RMB)

Net cash generated from/used in

28112000665.0032745188339.0032787642867.00-14.26%

operating activities (RMB)

Basic earnings per share (RMB/share) 0.166 0.363 0.367 -54.77%

Diluted earnings per share (RMB/share) 0.166 0.363 0.367 -54.77%

Weighted average return on equity (%) 4.80% 13.40% 13.54% -8.74%

Change

31 December 2021

Item 30 June 2022 (%)

Before Restated Restated

Total assets (RMB) 446291365552.00 449726980355.00 450232603405.00 -0.88%

Equity attributable to the listed

143316946650.00142925547899.00143086216558.000.16%

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.

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

Unit: share

Number of ordinary shareholders

1641390 (including 1606920 A-shareholders and 34470 B-shareholders)

at the period-end

Top 10 shareholders

Shares in pledge

Nature of Shareholding Number of Restricted

Name of shareholder marked or frozen

shareholder percentage shares shares

Status Shares

Beijing State-owned Capital

State-owned

Operation and Management 10.57% 4063333333 0 N/A 0

legal person

Company Limited

Hong Kong Securities Clearing Foreign legal

3.75% 1443583683 0 N/A 0

Company Ltd. person

Beijing BOE Investment & State-owned

2.14% 822092180 0 N/A 0

Development Co. Ltd. legal person

Beijing Jing Guorui Soe Reform

Other 1.87% 718132854 718132854 N/A 0

and Development Fund (L.P.)

Hefei Jianxiang Investment Co. State-owned

1.73% 666195772 0 N/A 0

Ltd. legal person

Fuqing Huirong Venture Capital Domestic non- 1.40% 538599640 0 N/A 0

2BOE Technology Group Co. Ltd. Interim Report 2022 (Summary)

Co. Ltd. state-owned

legal person

Sinatay Life Insurance Co. Ltd.-

Other 0.79% 305330128 0 N/A 0

Traditional Product

Beijing Yizhuang Investment State-owned

0.73% 280721832 0 N/A 0

Holdings Co. Ltd legal person

Beijing Electronics Holdings Co. State-owned

0.71% 273735583 0 N/A 0

Ltd. legal person

Domestic non-

Ningxia Risheng High-tech

state-owned 0.67% 257152466 0 N/A 0

Industry Co. Ltd. legal person

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

voting rights as a shareholder.

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

Related or acting-in-concert disposing right and usufruct of the shares of which the rest 30% voting right maintained

unanimous with Beijing Electronics Holdings Co. Ltd. through the agreement according to

parties among the shareholders

Implementation Protocol of Voting Right.above

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.

2. The shares held by Beijing Yizhuang Investment Holdings Co. Ltd. in the Company

increased by 119131000 shares due to securities refinancing.

3. Shareholders Beijing State-owned Capital Operation and Management Company Limited

Shareholders involved in

Beijing BOE Investment & Development Co. Ltd. Beijing Jing Guorui SOE Reform and

securities margin trading (if any)

Development Fund (L.P.) Hefei Jianxiang Investment Co. Ltd. Fuqing Huirong Venture

Capital Co. Ltd. Beijing Electronics Holdings Co. Ltd. and Sinatay Life Insurance Co.Ltd.-Traditional Product were not involved in securities refinancing.

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

shareholder who was involved in securities refinancing.

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

The actual controller remained the same in the Reporting Period.

3BOE Technology Group Co. Ltd. Interim Report 2022 (Summary)

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

Bond Balance Coupon

Bond name Abbr. Date of issue Maturity

code (RMB’0000) rate

2019 Public Offering of Renewable

28 October 29 October

Corporate Bonds of BOE (for 19BOEY1 112741 800000 4.00%

20192022

qualified investors) (Phase I)

2020 Public Offering of Renewable

Corporate Bonds of BOE (for

27 February 28 February

qualified investors) (Phase I) 20BOEY1 149046 200000 3.64%

20202023

(epidemic prevention and control

bonds)

2020 Public Offering of Renewable

Corporate Bonds of BOE (for

18 March 19 March

qualified investors) (Phase II) 20BOEY2 149065 200000 3.54%

20202023

(epidemic prevention and control

bonds)

2020 Public Offering of Renewable

Corporate Bonds of BOE (for

24 April

qualified investors) (Phase III) 20BOEY3 149108 27 April 2023 200000 3.50%

2020

(epidemic prevention and control

bonds)

2022 Public Offering of Renewable

Corporate Bonds of BOE (for 24 March 25 March

22BOEY1 149861 200000 3.50%

professional investors) (Digital 2022 2025

Economy) (Phase I)

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

Unit: RMB'0000

Item 30 June 2022 31 December 2021

Debt/asset ratio 51.81% 51.72%

Item H1 2022 H1 2021

EBITDA-to-interest cover (times) 14.19 14.46

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 Company publicly issued renewable corporate bonds (to qualified investors) (the first issue)

4BOE Technology Group Co. Ltd. Interim Report 2022 (Summary)

(epidemic prevention and control bonds) (“20BOEY1” for short; Code: 149046) in 2020 with the issue term from 27 February 2020 to

28 February 2020. The Company publicly issued the renewable corporate bonds (to qualified investors) (the second issue) (epidemic

prevention and control bonds) (“20BOEY2” for short; Code: 149065) in 2020 with the issue term from 18 March 2020 to 19 March

2020. The Company publicly issued the renewable corporate bonds (to qualified investors) (the third issue) (epidemic prevention and

control bonds) (“20BOEY3” for short; Code: 149108) in 2020 with the issue term from 24 April 2020 to 27 April 2020. The Company

disclosed 2022 "20BOEY1" Interest Payment Announcement (Announcement No. 2022-006) on 24 February 2022. The interest

payment plan was RMB36.40 (including tax) every ten bonds. The Company disclosed 2022 "20BOEY2" Interest Payment

Announcement (Announcement No. 2022-013) on 17 March 2022. The interest payment plan was RMB35.40 (including tax) per ten

bonds. The Company publicly issued renewable corporate bonds (digital economy) to professional investors (the first issue)

(“22BOEY1” for short; Code: 149861) in 2022 with the issue term from 24 March 2022 to 25 March 2022 the issuing scale of RMB2

billion and the bonds’ ultimate nominal interest rate of 3.50%. The Company disclosed 2022 "20BOEY3" Interest Payment

Announcement (Announcement No. 2022-037) on 23 April 2022. The interest payment plan was RMB35.00 (including tax) per ten

bonds.

2. 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 intends to make a non-public offering of A-shares to no more than 35 specific investors including Jing Guorui Fund. The

net fund raised was expected to be no more than RMB20 billion. On 19 August 2021 the Company disclosed 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. On 18 February 2022 the Company disclosed the Suggestive

Announcement on Relieving Restricted Non-publicly Offered A Shares in 2021 (Announcement No.: 2022-005). On 21 February 2022

2932244165 restricted shares of non-publicly offered A shares in 2021 were relieved and could be traded in the market. The number

of the relieved restricted shares accounted for 8.5058% of non-restricted shares of the Company and 7.6270% of the total share capital

of the Company.

3. Following the approval of the Proposal on the Repurchase of Some Public Shares at the 31st Meeting of the 9th Board of Directors

the Company disclosed the Announcement No. 2021-067 on the Repurchase of Some Public Shares on 31 August 2021. The Company

carried out the first repurchase on 2 September 2021 and disclosed the Announcement No. 2021-077 on the First Repurchase of Some

Public Shares on 3 September 2021. On 2 March 2022 the Company disclosed the Announcement on the Completed Implementation

of Share Repurchase Programme and Repurchase Implementation Results (Announcement No.: 2022-007). As at 28 February 2022

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 A Shares repurchased was 499999919 accounting for approximately 1.3330%

of the Company's A Shares and 1.3005% of the Company's total share capital with the highest transaction price of RMB5.96 per share

and the lowest transaction price of RMB4.68 per share. The total amount paid was RMB2620105418.52 (including other fixed

expenses such as commissions). 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. The total fund of this share repurchase didn't exceed the

amount proposed to be used in the repurchase programme and the number of shares repurchased has reached the cap of shares under

the repurchase programme. So far this share repurchase has been implemented and completed as planned.

4. 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 2 July 2022 the Company disclosed the Announcement No. 2022-051 on the Progress of the

Repurchase of Domestically Listed Foreign Shares (B-shares). As at 30 June 2022 the Company has implemented the repurchase of

5BOE Technology Group Co. Ltd. Interim Report 2022 (Summary)

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 24630889 accounting for approximately 2.6312% of the Company's B-shares and 0.0641% of

the Company's total share capital with the highest transaction price of HKD4.10 per share and the lowest transaction price of HKD3.65

per share. The total amount paid was HKD97262535.91 (net 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.

5. On 29 April 2022 the Company disclosed the Announcement No. 2022-041 on the Resolutions of the 2021 Annual General Meeting

the Announcement No. 2022-043 on the Resolutions of the First Meeting of the 10th Board of Directors and the Announcement No.

2022-044 on the Resolutions of the First Meeting of the 10th Supervisory Committee. Re-election proposals were approved at these

meetings. As such the re-election has been completed. For further information see the relevant announcements.

6. On 24 May 2022 the Company disclosed the Announcement No. 2022-048 on the Distribution of the 2021 Final Dividend. As the

2021 Final Dividend Plan had been approved at the 2021 Annual General Meeting on 28 April 2022 the Company distributed a 2021

final dividend of RMB2.10 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.Overview of significant event Disclosure date Disclosure website

Announcement on Capital Increase to Tianjin Xianzhi Chain Investment

15 March 2022 www.cninfo.com.cn

Center (Limited Partnership) and the Related-party Transaction

Announcement on the Receipt of Equity Interests in Hefei BOE Display

20 July 2022 www.cninfo.com.cn

Technology Co. Ltd. and the Related-party Transaction

Chairman of the Board (signature): Mr. Chen Yanshun

Date of the Board’s approval of this Report: 26 August 2022

6