BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

Stock Code: 000725 200725 Stock Name: BOE-A BOE-B Announcement No. 2024-020

BOE TECHNOLOGY GROUP CO. LTD.ANNUAL REPORT 2023 (SUMMARY)

Part I Important Notes

This Summary is based on the full Annual 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 position and future development plans investors should carefully read the aforesaid full text 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 final cash and/or stock dividend plan:

□ Applicable □ Not applicable

Bonus issue from capital reserves:

□ Yes □ No

The Board has approved a final dividend plan for the Reporting Period. Based on 37652529195 shares a cash dividend of RMB0.3

(tax inclusive) per 10 shares is to be distributed to all the shareholders with no bonus issue from either profit or capital reserves.Board-approved final cash and/or stock dividend plan for preference 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

Shenzhen Stock Exchange

listing

Previous stock name (if any) N/A

Contact information Board Secretary Securities Representative

Name Liu Hongfeng Luo Wenjie

12 Xihuan Middle Road Beijing Economic- 12 Xihuan Middle Road Beijing Economic-

Office Address

Technological Development Area P.R.China Technological Development Area P.R.China

Fax 010-64366264 010-64366264

1BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

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

2. Principal Activities or Products in the Reporting Period

(I) About the Company

In constant pursuit of excellence BOE Technology Group Co. Ltd. is an innovative IoT company dedicated to providing intelligent

interface products and professional services for information interaction and human health.With the vision “To Be the Most Respected Company on Earth” and upholding the values of integrity & reliability dedication to

customers being people-oriented openness and innovation as well as the business philosophy of doing the right thing innovation and

progress seeking BOE has been forging ahead through innovation. Upon three decades of development in the industry BOE has grown

into a world leader in the semiconductor display industry and an innovative company in the IoT sector. At present it has a significant

number of intelligent manufacturing bases in Beijing Hefei Chengdu Chongqing Fuzhou Mianyang Wuhan Kunming Ordos etc.with subsidiaries in the United States Germany Japan South Korea Singapore India Vietnam Mexico Brazil the United Arab

Emirates and other countries and regions as well as a service system that covers multiple regions of the world such as Europe

Americas Asia and Africa. To embrace the development trends of the IoT era BOE has put in place a development architecture of

"1+4+N+Ecosystem" among which:

"1" represents semiconductor display which is the core capacity and quality resources accumulated by BOE as well as the source and

origin of the Company's transformation and development."4" is a high-potential channel and direction of development selected based on BOE's core competence and value chain extension as

well as the four main fronts of the Company's IoT transformation namely the IoT Innovation business the Sensor business the MLED

business and the Smart Engineering Medicine business."N" refers to the subdivided application scenarios of IoT that are continuously explored and cultivated by BOE as well as the specific

focus of the Company's IoT transformation development.“Ecosystem” is an industrial ecological development circle constructed by the Company in collaboration with many partners and by

aggregating the resources of the industrial chain and ecosystem chain.(II) About the Company’s principal operations

1. The Display Devices business

The Display Devices business offers integrated design and manufacturing services for devices and is committed to providing interface

devices applying TFT-LCD AMOLED Microdisplay and other technologies focusing on providing customers with high-quality

display devices for smartphones tablet PCs laptops monitors TVs vehicles VR/AR devices etc.

2. The IoT Innovation business

The IoT Innovation business offers integrated design and manufacturing services for system solutions and provides customers with

competitive smart terminal products for TVs monitors laptops tablets low-power devices IoT 3D display etc. Backed by AI and

big data technologies it focuses on products and services combining hardware and software providing integrated IoT solutions for

segments including smart industrial parks smart finance etc.

3. The Sensor business

The Sensor and Solution business offers integrated design and manufacturing services for glass- and silicon-based system solutions

focuses on smart display windows innovative glass-based sensor devices MEMS sensors industrial sensors consumer electronics and

other fields and provides customers with products and solutions including intelligent PDLC windows and PDLC system solutions

industrial sensors and solutions MEMS sensors and back plates for flat panel X-ray detectors (FPXD) among others.

4. The MLED business

MLED business renders LED backlight products with high quality and reliability for LCD of TVs monitors notebooks vehicles

2BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

VR/AR devices etc. as well as Mini/Micro-LED display products with high brightness high reliability and high contrast for segment

markets of outdoor commercial transparent specialized and other displays. All these products are designed and manufactured in an

integrated manner.

5. The Smart Engineering Medicine business

The Smart Engineering Medicine business adopts a professional service model to provide products services and solutions in relation

to medical care smart nursing medical-engineering integration etc. Meanwhile this business is committed to providing a closed loop

of through-life health services with health management as the core medical terminals as the traction and digital hospitals and

recreational communities as the support. It connects testing equipment healthcare workers and customers through the smart health

management ecosystem where customers enjoy professional health services including prevention treatment therapy and nursing.

6. The “N” business

With a specific focus on the "N" business the Company provides hardware and software integrated system solutions for different

segments including smart vehicle connection industrial IoT digital art etc. which can provide customers with all-dimensional one-

stop and smart new experience under IoT scenarios. For example in terms of smart vehicle connection the business integrates DMS

gesture recognition touch feedback naked-eye 3D and other cutting-edge functions focuses on the intelligent cockpit "HERO"

innovative application scenarios that include four dimensions of healthiness entertainment relaxation and office and provides

customers with professional integrated solutions which can bring a new and more intelligent driving experience. The industrial IoT

business provides enterprises with solutions products and services like smart production smart factory and cloud services. Relying

on its self-developed industrial Internet platform it helps realise refined operation and management and achieve cost reduction and

efficiency enhancement from all procedures of design supply production and sales offering all-dimensional one-stop and smart

industrial IoT solutions to customers and empowering customers in their digital transformation. In the field of digital artworks the

business adheres to "culture + technology" cross-field integration and innovation launches the "one million digital culture experience

scenario programme" around International Standard H.629.1 for digital art display and join hands with ecosystem partners at the

content- technology- and application-ends so as to empower culture with display products and solutions with more functions and

forms and better experience.

3. Key Financial Information

(1) Key Financial Information of the Past Three Years

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

Reason for retrospective restatement:

Change of accounting policy.Unit: RMB

Change of

31

December

31 December 2022 2023 over 31 December 2021

Item 31 December 2023

31

December

2022(%)

Before Restated Restated Before Restated

Total assets 419187099795.00 420562103212.00 420567865936.00 -0.33% 449726980355.00 450232603404.00

Equity

129428307067.00136089410395.00136086175204.00-4.89%142925547899.00143204240947.00

attributable to the

3BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

listed company’s

shareholders

2023-over-

2022 2022 change 2021

Item 2023 (%)

Before Restated Restated Before Restated

Operating revenue 174543445895.00 178413731179.00 178413731179.00 -2.17% 219309799505.00 221035718012.00

Net profit

attributable to the

2547435360.007550877790.007541423198.00-66.22%25830935500.0025960751646.00

listed company’s

shareholders

Net profit

attributable to the

listed company’s

-632561344.00-2228652161.00-2238106753.0071.74%23937539752.0024067355898.00

shareholders

before exceptional

gains and losses

Net cash

generated

from/used in 38301826884.00 43021967305.00 43021967305.00 -10.97% 62270556324.00 62698688556.00

operating

activities

Basic earnings per

share 0.06 0.19 0.19 -68.42% 0.71 0.71

(RMB/share)

Diluted earnings

per share 0.06 0.19 0.19 -68.42% 0.71 0.71

(RMB/share)

Weighted average

return on equity 1.89% 5.45% 5.45% -3.56% 23.84% 23.93%

(%)

Reason for accounting policy change and correction of accounting error:

As required by Interpretations No. 16 and No. 15 for the Accounting Standards for Business Enterprises issued by the Ministry of

Finance the Group has retrospectively restated relevant financial statement items at the beginning of the year and in the same period

of last year. The said changes of accounting policies have no significant impact on the Company’s financial condition and operating

results.

(2) Key Financial Information by Quarter

Unit: RMB

Item Q1 Q2 Q3 Q4

Operating revenue 37973495034.00 42204380186.00 46337198045.00 48028372630.00

Net profit attributable to the listed

247315140.00488494469.00286347794.001525277957.00

company’s shareholders

Net profit attributable to the listed

company’s shareholders before -1667931828.00 83491537.00 92352417.00 859526530.00

exceptional gains and losses

Net cash generated from/used in

10122426068.006121243055.006815610632.0015242547129.00

operating activities

Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs materially from what

have been disclosed in the Company’s quarterly or interim reports.□ Yes □ No

4BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

4. Share Capital and Shareholder Information at the Period-End

(1) Numbers of Ordinary Shareholders and Preferred Shareholders with Resumed Voting Rights as well as

Holdings of Top 10 Shareholders

Unit: share

Number of ordinary

Number of ordinary1262795 (including 1231014 A- shareholders at the month- 1189106（including 1157510 A-shareholders at theshareholders and 31781 B-shareholders) end prior to the disclosure period-end shareholders and 31596 B-shareholders）

of this Report

Top 10 shareholders (exclusive of shares lent in refinancing)

Total shares Shares in pledge marked

Shareholding Restricted

Name of shareholder Nature of shareholder held at the or frozen

percentage shares held

period-end Status Shares

Beijing State-owned Capital

State-owned legal

Operation and Management Company 10.79% 4063333333 0 N/A 0

person

Limited

Hong Kong Securities Clearing

Foreign legal person 6.05% 2278498375 0 N/A 0

Company Ltd.Beijing BOE Investment & State-owned legal

2.18% 822092180 0 N/A 0

Development Co. Ltd. person

Beijing Jing Guorui Soe Reform and

Other 1.91% 718132854 0 N/A 0

Development Fund (L.P.)

State-owned legal

Hefei Jianxiang Investment Co. Ltd. 1.77% 666195772 0 N/A 0

person

Fuqing Huirong Venture Capital Co. Domestic non-state-

1.42% 535302540 0 In pledge 15000000

Ltd. owned legal person

Perseverance Asset Management-

Perseverance Xiaofeng No.2 Zhixin Other 0.93% 349999919 0 N/A 0

Fund

Ningxia Risheng High-tech Industry Domestic non-state-

0.90% 339525766 0 N/A 0

Co. Ltd. owned legal person

Xu Lili Foreign natural person 0.89% 336599581 0 N/A 0

FOTIC-Foreign Trade Trust-

Perseverance Xiaofeng Hongyuan Other 0.88% 329988907 0 N/A 0

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 Management Co. Ltd. is

the general partner of Beijing Jing Guorui Soe Reform and Development Fund (L.P.). In addition among the

Related or acting-in-concert parties

nine members of the Investment Decision-Making Committee of Beijing Jing Guorui Soe Reform and

among the shareholders above

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 339525766 shares in the Company

among which 42583700 shares were held via its general securities account and 296942066 shares via its

customer credit transactions secured securities account in Ping An Securities Co. Ltd.

2. Shareholder Xu Lili totally held 336599581 shares in the Company among which 10657200 shares were

held via its general securities account 248713498 shares via its customer credit transactions secured

Shareholders involved in securities securities account in GF Securities Co. Ltd. and 77228883 shares via its customer credit transactions secured

margin trading (if any) securities account in Ping An Securities Co. Ltd.

3. The shares held by Shareholder Fuqing Huirong Venture Capital Co. Ltd. in the Company increase by

1318200 shares due to securities refinancing.

4. Except for the aforesaid the remaining top 10 ordinary shareholders were not involved in securities

refinancing.

5BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

Note: 1. 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.

2.The number of ordinary shareholders at the month-end prior to the disclosure of this Report is as of 20 March 2024. At the month-

end prior to the disclosure of this Report (29 March 2024) the number of A-shareholders is 1150568. Due to the "T+3" trading rule

for B-shares the Company had had no access by the date of this Report’s disclosure to the number of its B-shareholders at the month-

end prior to the disclosure of this Report from China Securities Depository and Clearing Corporation Limited.Top 10 shareholders involved in refinancing shares lending

□ Applicable □ Not applicable

Unit: share

Top 10 shareholders involved in refinancing shares lending

Shares in the common

Shares lent in refinancing Shares in the common Shares lent in refinancing

account and credit

and not yet returned at the account and credit account and not yet returned at the

account at the period-

period-begin at the period-end period-end

Full name of shareholder begin

As % of As % of As % of As % of

Total shares total share Total shares total share Total shares total share Total shares total share

capital capital capital capital

Fuqing Huirong Venture

5339843401.40%46153000.01%5353025401.42%32971000.01%

Capital Co. Ltd.Changes in shares that the top 10 shareholders lend in refinancing compared with the prior period

□ Applicable □ Not applicable

Unit: share

Changes in shares that the top 10 shareholders lend in refinancing compared with the end of the prior period

Shares in the common account and credit

Increase/dec Shares lent in refinancing and not yet account plus shares lent in refinancing and

rease in the returned at the period-end

Full name of shareholder not yet returned at the period-end

Reporting

Period As % of total share As % of total Total shares Total shares

capital share capital

Perseverance Asset Management-

Increase 0 0.00% 349999919 0.93%

Perseverance Xiaofeng No.2 Zhixin Fund

Xu Lili Increase 0 0.00% 336599581 0.89%

FOTIC-Foreign Trade Trust- Perseverance

Xiaofeng Hongyuan Assembled Fund Trust Increase 0 0.00% 329988907 0.88%

Plan

Sinatay Life Insurance Co. Ltd.-Traditional

Decrease 0 0.00% 305330128 0.81%

Product

Beijing Electronics Holdings Co. Ltd. Decrease 0 0.00% 273735583 0.73%

Beijing Yizhuang Investment Holdings Co.Decrease 0 0.00% 109295841 0.29%

Ltd

(2) Number of Preferred Shareholders and Shareholdings of Top 10 of Them

□ Applicable □ Not applicable

No preferred shareholders in the Reporting Period.

6BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

(3) Ownership and Control Relations between the Actual Controller and the Company

Note: 1. 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 Electronics Holdings Co. Ltd.through the agreement according to Implementation Protocol of Voting Right.

2. 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.

3. Beijing BOE Investment & Development Co. Ltd. completed the capital reduction on 1 December 2023 and became the wholly-

owned subsidiary of Beijing Electronics Holdings Co. Ltd.

5. 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’000

rate

0)

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)

The 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors)

(Phase I) (Epidemic Prevention and Control Bonds) (bond name: 20BOEY1; nominal

value: RMB2 billion) were redeemed in full on 28 February 2023.Bond redemption and interest The 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors)

payment during the Reporting Period (Phase II) (Epidemic Prevention and Control Bonds) (bond name: 20BOEY2; nominal

value: RMB2 billion) were redeemed in full on 20 March 2023.The 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors)

(Phase III) (Epidemic Prevention and Control Bonds) (bond name: 20BOEY3; nominal

7BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

value: RMB2 billion) were redeemed in full on 27 April 2023.

(2) Latest Rating and Rating Change

On 26 May 2023 United Credit Ratings Co. Ltd. issued the Follow-up Rating Report of the 2023 for the Renewable Corporate Bonds

of BOE Technology Group Co. Ltd. According to the Report the issuer was still granted with a corporate long-term credit rating of

AAA with rating outlook rated as Stable; the bond credit rating remained AAA. The Follow-up Rating Report was published on

http://www.cninfo.com.cn/ and the website of United Ratings at www.unitedratings.com.cn on 26 May 2023.United Credit Ratings Co. Ltd. is expected to issue the Follow-up Rating Report of the 2024 for the Renewable Corporate Bonds of

BOE Technology Group Co. Ltd. in May 2024. The Company will disclose the follow-up rating analysis report to investors on

http://www.cninfo.com.cn/ in time.

(3) Selected Financial Information of the Company for the Past Two Years

Unit: RMB'0000

Item 2023 2022 Change

Debt/asset ratio 52.81% 51.96% 0.85%

Net profit before exceptional

-63256-22381171.74%

gains and losses

EBITDA/debt ratio 27.05% 25.57% 1.48%

Interest cover (times) 1.45 1.01 43.56%

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. Among them the redeemed and delisted bonds are detailed in the table below:

Redemption

Bond Date of

Bond name Abbr. Maturity and delisting Disclosure index

code issue

date

2019 Public Offering of Renewable

28 October 29 October 31 October

Corporate Bonds of BOE (for qualified 19BOEY1 112741

201920222022

investors) (Phase I)

2020 Public Offering of Renewable

2728

Corporate Bonds of BOE (for qualified 28 February

20BOEY1 149046 February February

investors) (Phase I) (epidemic 2023

20202023

prevention and control bonds)

2020 Public Offering of Renewable www.cninfo.com.cn

Corporate Bonds of BOE (for qualified 18 March 19 March 20 March

20BOEY2 149065

investors) (Phase II) (epidemic 2020 2023 2023

prevention and control bonds)

2020 Public Offering of Renewable

Corporate Bonds of BOE (for qualified 24 April 27 April

20BOEY3 149108 27 April 2023

investors) (Phase III) (epidemic 2020 2023

prevention and control bonds)

The bond outstanding as of the disclosure date of this Report is as follows:

Bond name Abbr. Bond code Date of issue Maturity

8BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

2022 Public Offering of Renewable

Corporate Bonds of BOE (for

22BOEY1 149861 24 March 2022 25 March 2025

professional investors) (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 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. The Company disclosed the Suggestive Announcement on Relieving

Restricted Non-publicly Offered A Shares in 2021 (Announcement No. 2023-004) on 17 February 2023. A total of 718132854

restricted shares of the Company's non-publicly offered A shares in 2021 were relieved on 20 February 2023 and could be traded on

the market thereafter. The number of the relieved restricted shares accounted for 1.9324% of the Company's non-restricted shares and

1.8801% of the Company's total share capital.

3. The Company disclosed the Announcement on Resignation of Senior Management (Announcement No. 2023-006) on 2 March 2023

due to the change of work Mr. Miao Chuanbin applied for resignation as Senior Vice President and Chief Culture Officer and will not

hold any position in the Company after his resignation. The Company disclosed the Announcement on Resignation of Senior

Management (Announcement No. 2023-013) on 1 April 2023 due to personal reasons Mr. Xie Zhongdong applied for resignation as

Senior Vice President Chief Audit Officer and Chief Risk Control Officer and will not hold any position in the Company after his

resignation. The Company disclosed the Announcement of Resolutions of the 13th Meeting of the 10th Board of Directors

(Announcement No. 2023-014) on 4 April 2023 at the 13th Meeting of the 10th Board of Directors the Company considered and

approved the Proposal on the Appointment of Senior Management of the Company and Adjustment of the Composition of the Executive

Committee of the Company the Board of Directors appointed Mr. Feng Qiang as a member of the Executive Committee and Executive

Vice President Mr. Guo Huaping as Senior Vice President and Chief Cultural Officer; and to adjust the current senior management of

the Company Ms. Yang Xiaoping from Senior Vice President and Chief Financial Officer to a member of the Executive Committee

Executive Vice President and Chief Financial Officer. The Company disclosed the Announcement of Resolutions of the 15th Meeting

of the 10th Board of Directors (Announcement No. 2023-028) on 29 April 2023. At the 15th Meeting of the 10th Board of Directors

of the Company the Proposal on the Appointment of Senior Management of the Company was reviewed and approved and the Board

of Directors appointed Mr. Yue Zhanqiu as Senior Vice President and Chief Audit Officer of the Company.

4. On 31 May 2023 the Company disclosed the Announcement No. 2023-034 on the Distribution of the 2022 Fial Dividend. As the

2022 Final Dividend Plan had been approved at the 2022 Annual General Meeting on 5 May 2023 the Company distributed a 2022

final dividend of RMB0.61 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.

5. On 25 July 2023 the Company disclosed the Announcement on the Resolutions of the 17th Meeting of the 10th Board of Directors

(Announcement No. 2023-037) that Mr. Wu Lishun was nominated by the Company’s de facto controller Beijing Electronics Holdings

Co. Ltd. as a non-independent director for the 10th Board of Directors of the Company. On 15 August 2023 the Company disclosed

the Announcement on the Resolutions of the 1st Extraordinary General Meeting of 2023 (Announcement No. 2023-041) at which the

Proposal on the Election of Non-independent Director of the 10th Board of Directors of the Company was deliberated and approved

and Mr. Wu Lishun was elected as a non-independent director of the 10th Board of Directors of the Company.

6. On 27 August 2020 the Company held the 15th Meeting of the 9th Board of Directors and approved the Proposal on the Repurchase

of Certain Public Shares of the Company whereby the Company proposed to use its own funds to repurchase a portion of RMB-

denominated ordinary shares (A-Shares) issued by the Company by means of centralized bidding for the purpose of the implementation

of the Company’s equity incentive plan. The implementation of the share repurchase plan of the Company was completed on 3

9BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

September 2020 and 349999933 A-Shares were accumulatively repurchased via centralized bidding. For details please refer to the

Announcement on the Completion of the Implementation of the Share Repurchase Plan and the Results of the Implementation

(Announcement No. 2020-058) disclosed by the Company on 5 September 2020. On 21 December 2020 the Company granted

321813800 restricted shares to 793 incentive targets and details are in the relevant announcement disclosed by the Company on 22

December 2020. On 25 July 2023 the Company disclosed the Announcement on the Resolutions of the 17th meeting of the 10th Board

of Directors (Announcement No.: 2023-037) and the Announcement on the Cancellation of Certain Treasury Shares in the Company’s

Special Securities Account for Repurchase (Announcement No.: 2023-038). In accordance with the Rules for the Repurchase of Shares

by Listed Companies and Shenzhen Stock Exchange Listed Companies Self-Regulatory Guidelines No. 9 - Share Repurchase the

remaining unutilized 28186133 shares in the special securities account for repurchase will expire three years from 5 September 2023

and the Company shall cancelled them and handle relevant cancellation procedures in accordance with regulations. On 15 August 2023

the Company disclosed the Announcement on the Resolutions of the 1st Extraordinary General Meeting of 2023 (Announcement No.

2023-041) that the Proposal on the Cancellation of Certain Treasury Shares in the Company’s Special Securities Account for

Repurchase was deliberated and approved at the meeting. On 31 August 2023 the Company disclosed the Announcement on the

Completion of the Cancellation of Certain Treasury Shares in the Company’s Special Securities Account for Repurchase and Share

Changes (Announcement No.: 2023-050). The aforesaid 28186133 treasury shares have been cancelled on 29 August 2023 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.

7. According to the Proposal of Repurchase of Certain Public Shares by the Company deliberated and adopted in the thirty-first meeting

of the ninth session of the Board of Directors meeting held on 27 August 2021 the Company is allowed to use its own funds to

repurchase certain of its shares for the implementation of the Company’s share incentive plan. On 28 February 2022 the

implementation of the proposal to repurchase certain of its shares through centralised price bidding transactions was completed and

the cumulative number of A shares repurchased amounted to 499999919 details of which are set out in the Announcement on the

Completed Implementation of Share Repurchase Programme and Repurchase Implementation Results (Announcement No. 2022-007)

dated 2 March 2022. On 29 November 2023 the Company disclosed the Announcement of Resolutions of the Twenty-third Meeting of

the Tenth Session of the Board of Directors (Announcement No. 2023-063) and the Announcement on Changing the Purpose of the

Repurchased Shares and Cancelling Them (Announcement No. 2023-065) which stated that according to the actual situation of the

Company and in order to safeguard the interests of the general public of investors the Company intends to change the purpose of the

repurchase of the Company’s shares for the year 2021 from “for the implementation of the Company’s share incentive program” to

“for cancellation and corresponding reduction of registered capital”. On 15 December 2023 the Company disclosed the Announcement

of Resolutions of the Third Extraordinary General Meeting of 2023 (Announcement No. 2023-068) at which the Resolution on

Changing the Use of the Repurchased Shares for the Purposes of the Repurchase and for Cancellation was deliberated and approved.On 27 December 2023 the Company disclosed the Announcement on the Completion of the Retirement of Repurchased Shares &

Share Changes (Announcement No. 2022-071). The aforesaid 499999919 treasury shares have been cancelled on 25 December 2023

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.Overview of significant event Disclosure date Disclosure website

Announcement on the Signing of Supplemental Agreement (III) to the

Cooperation Agreement for the Life Science and Technology Industrial Base 10 June 2023 www.cninfo.com.cn

Project

Announcement on Investment and Construction of BOE Vietnam Project 29 August 2023 www.cninfo.com.cn

Announcement on Participation of Subsidiary in Establishment of Beijing-

Tianjin Joint Development (Beijing) Equity Investment Fund Partnership 31 October 2023 www.cninfo.com.cn

(Limited Partnership) and the Related-party Transaction

Announcement on the Investment for the Development of the Project of the

th 29 November 2023 www.cninfo.com.cn Production Lines of the 8.6 Generation AMOLED

Announcement on Participation of Subsidiary in Establishment of Beijing

29 November 2023 www.cninfo.com.cn

Xianzhilian Phase II Venture Capital Fund (Limited Partnership)

10BOE Technology Group Co. Ltd. Annual Report 2023

(Summary)

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

Date of the Board’s approval of this Report: 29 March 2024

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