BOE Technology Group Co., Ltd. Annual Report 2024 (Summary)
`1
`Stock Code: 000725, 200725 Stock Name: BOE -A, BOE-B Announcement No. 2025-024
`BOE TECHNOLOGY GROUP CO., LTD.
`ANNUAL REPORT 2024 (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 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 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 Report ing Period. Based on 37,416,133,303 shares, a cash dividend of RMB0.5
`(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
`listing Shenzhen Stock Exchange
`Previous stock name (if any) N/A
`Contact information Board Secretary Securities Representative
`Name Guo Hong Luo Wenjie
`Office Address 12 Xihuan Middle Road, Beijing Economic-
`Technological Development Area, P.R.China
`12 Xihuan Middle Road, Beijing Economic-
`Technological Development Area, P.R.China
`Fax 010-64366264 010-64366264
`Tel. 010-64318888 010-64318888
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`BOE Technology Group Co., Ltd. Annual Report 2024 (Summary)
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`E-mail address guohong@boe.com.cn luowenjie@boe.com.cn
`2. Principal Operations 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 “To Be the Most Respected Company on Earth” as its vision and, BOE always keeps in mind the mission of “Change Life with
`BOE Display Everywhere”, upholds the core values of “Integrity & Reliability, Dedication to Customers, Being People -oriented,
`Openness and Innovation”, as well as adheres to the business philosophy of “Doing the Right Thing, Innovation and Progress Seeking”.
`In pursuit of high-quality, sustainable development and guided by the strategy of “Empower IoT with Display”, BOE has been forging
`ahead through innovation, as well as accelerating the realisation of high -level collaboration within and outside the industry. BOE has
`grown into a world leader in the semiconductor display industry and a global innovative company in the IoT sector. At present , it has
`a significant number of manufacturing bases in Beijing, Hefei, Chengdu, Chongqing, Fuzh ou, Mianyang, Wuhan, Kunming, Suzhou
`Ordos, etc., with subsidiaries across nearly 20 countries and regions including the United States, Germany, Japan, South Kore a,
`Singapore, India, Brazil, and the United Arab Emirates, as well as a service system that co vers major regions of the world, such as
`Europe, Americas, Asia, and Africa.
`Adhering to a “market -oriented, international, and professional” development approach, the Company keeps in mind the people -
`oriented principle, drives continuous innovations in an intelligent and IoT-based era, as well as provides customers with better products
`and more thoughtful service experience with its well-established global network and a diverse product and service system.
`To embrace the development trends of the industry, 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 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 development, namely the IoT Innovation business, the Sensor business, the M LED
`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 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 and other technologies, focusing on providing customers with high-quality display devices for
`smartphones, tablet PCs, laptops, monitors, TVs, vehicles, 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 solution s for
`segments including smart industrial parks, smart finance, etc.
`3. The Sensor business
`The Sensor business offers integrated design and manufacturing solutions, focuses on FPXD, smart display windows, MEMS, industrial
`sensors, and glass packaging substrates, and provides customers with products and services including back plates for flat panel X -ray
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`BOE Technology Group Co., Ltd. Annual Report 2024 (Summary)
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`detectors (FPXD), intelligent PDLC windows and PDLC system solutions, consumer electronics and industrial application solutions,
`and advanced packaging, among others.
`4. The MLED business
`The MLED business provides LED solutions with integrated R&D, manufacturing and marketing services. Focused on devices and
`solutions, this business renders LED backlight products with high quality and reliability for TVs, monitors, noteb ooks, vehicles, 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 re lation
`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 o n the "N" business, the Company provides hardware and software integrated system solutions for different
`segments, including intelligent car networking , smart energy, industrial IoT, UHD display, etc., which can provide customers with
`multi-functional and smart new experience under IoT scenarios.
`In terms of intelligent car networking , the business integrates DMS, gesture recognition, touch feedback, naked -eye 3D and other
`functions, focuses on the intelligent cockpit "HERO" innovative application scenario s, and promote the continuous upgrading of
`products and solutions in the field of vehicle-mounted display and interaction. One-stop products and services for automotive intelligent
`upgrading are provided, representing a new leading ecosystem of innovative and intelligent travel.
`In terms of the smart energy business, BOE focuses on zero -carbon integrated energy services. With BSEOS as the empowering
`platform, it revolves around various aspects of "source -grid-load-storage-carbon." It offers a zero -carbon implementation path of
`"source decarbonization, process decarbonization, end negative carbon, and intelligent carbon management," providing customers with
`comprehensive energy services and utilization, and zero-carbon solutions.
`In terms of the industrial internet business, BOE is committed to providing industrial software, intelligent manufacturing solutions for
`the pan -semiconductor industry. Leveraging over three decades of industry experience, BOE offers pan -semiconductor industrial
`software, smart factory services, industrial AI, and other products and services, continuously driving high-quality development across
`the industry.
`The ultra-high-definition display business has entered a new development stage with key ultra-high-definition technologies driving the
`industrial chain of ultra -high-definition front-end capture, transmission, distribution, and terminal display, connecting the 8K ultra -
`high-definition video industry content production chain, and promoting the application of ultra-high-definition in visual arts and other
`digital scenarios.
`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.
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`BOE Technology Group Co., Ltd. Annual Report 2024 (Summary)
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`
`Item 31 December 2024
`31 December 2023
`Change of
`31
`December
`2024 on
`31
`December
`2023 (%)
`31 December 2022
`Before Restated Restated Before Restated
`Total assets
`(RMB) 429,978,221,541.00 419,187,099,795.00 419,187,099,795.00 2.57% 420,562,103,212.00 420,567,865,936.00
`Equity
`attributable to the
`listed company’s
`shareholders
`(RMB)
`132,937,555,308.00 129,428,307,067.00 129,428,307,067.00 2.71% 136,089,410,395.00 136,086,175,204.00
`Item 2024
`2023
`2024-on-
`2023
`change
`(%)
`2022
`Before Restated Restated Before Restated
`Operating revenue
`(RMB) 198,380,605,661.00 174,543,445,895.00 174,543,445,895.00 13.66% 178,413,731,179.00 178,413,731,179.00
`Net profit
`attributable to the
`listed company’s
`shareholders
`(RMB)
`5,323,248,974.00 2,547,435,360.00 2,547,435,360.00 108.97% 7,550,877,790.00 7,541,423,198.00
`Net profit
`attributable to the
`listed company’s
`shareholders
`before exceptional
`gains and losses
`(RMB)
`3,837,124,867.00 -632,561,344.00 -632,561,344.00 706.60% -2,228,652,161.00 -2,238,106,753.00
`Net cash
`generated
`from/used in
`operating
`activities (RMB)
`47,737,577,379.00 38,301,826,884.00 38,301,826,884.00 24.64% 43,021,967,305.00 43,021,967,305.00
`Basic earnings per
`share
`(RMB/share)
`0.14 0.06 0.06 133.33% 0.19 0.19
`Diluted earnings
`per share
`(RMB/share)
`0.14 0.06 0.06 133.33% 0.19 0.19
`Weighted average
`return on equity
`(%)
`4.05% 1.89% 1.89% 2.16% 5.45% 5.45%
`Reason for accounting policy change and correction of accounting error:
`As required by Interpretations No. 17 and No. 18 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
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`BOE Technology Group Co., Ltd. Annual Report 2024 (Summary)
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`of last year. The said changes of accounting policies have no significant impact on the Company ’s financial condition and operating
`results. The said changes of accounting policies have no significant impact on the above key accounting data and financial indicators.
`(2) Key Financial Information by Quarter
`Unit: RMB
`Item Q1 Q2 Q3 Q4
`Operating revenue 45,887,570,444.00 47,498,671,188.00 50,345,285,330.00 54,649,078,699.00
`Net profit attributable
`to the listed company’s
`shareholders
`983,812,692.00 1,300,238,662.00 1,025,714,296.00 2,013,483,324.00
`Net profit attributable
`to the listed company’s
`shareholders before
`exceptional gains and
`losses
`596,689,345.00 1,016,714,036.00 694,457,953.00 1,529,263,533.00
`Net cash generated
`from/used in operating
`activities
`16,230,705,070.00 8,648,264,222.00 8,990,282,788.00 13,868,325,299.00
`Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs materially f rom what
`have been disclosed in the Company’s quarterly or interim reports.
`□ Yes  No
`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
`shareholders at the period-
`end
`1,165,289 (including 1,134,281 A-
`shareholders and 31,008 B-shareholders)
`Number of ordinary
`shareholders at the month-
`end prior to the disclosure of
`this Report
`1,081,604 (including 1,051,184 A-
`shareholders and 30,420 B-shareholders)
`Top 10 shareholders (exclusive of shares lent in refinancing)
`Name of shareholder Nature of
`shareholder
`Shareholding
`percentage
`Total shares
`held at the
`period-end
`Restricted
`shares held
`Shares in pledge,
`marked or frozen
`Status Shares
`Beijing State-owned Capital Operation and
`Management Company Limited
`State-owned
`legal person 10.79% 4,063,333,333 0 N/A 0
`Hong Kong Securities Clearing Company Ltd. Foreign legal
`person 7.08% 2,666,365,885 0 N/A 0
`Beijing BOE Investment & Development Co.,
`Ltd.
`State-owned
`legal person 2.18% 822,092,180 0 N/A 0
`Beijing Jing Guorui Soe Reform and
`Development Fund (L.P.) Other 1.91% 718,132,854 0 N/A 0
`Hefei Jianxiang Investment Co., Ltd. State-owned
`legal person 1.77% 666,195,772 0 N/A 0
`Industrial and Commercial Bank of China Other 1.69% 637,914,147 0 N/A 0
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`BOE Technology Group Co., Ltd. Annual Report 2024 (Summary)
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`Co., Ltd.- Huatai-Pinebridge CSI 300
`Exchange-Traded Fund
`Fuqing Huirong Venture Capital Co., Ltd.
`Domestic non-
`state-owned
`legal person
`1.43% 538,599,640 0 In pledge 45,000,000
`China Construction Bank Co., Ltd.- E Fund
`CSI 300 Initiating Exchange-Traded Fund Other 1.17% 440,075,023 0 N/A 0
`Abu Dhabi Investment Authority Foreign legal
`person 0.94% 354,248,920 0 N/A 0
`Perseverance Asset Management-
`Perseverance Xiaofeng No.2 Zhixin Fund Other 0.93% 349,000,000 0 N/A 0
`Related or acting-in-concert parties
`among the shareholders above
`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 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.
`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.
`Shareholders involved in securities
`margin trading (if any)
`1.The shares held by Industrial and Commercial Bank of China Co., Ltd. - Huatai-Pinebridge CSI 300
`Exchange-Traded Fund in the Company increased by 140,700 shares due to refinancing shares return during
`the Reporting Period.
`2.The shares held by Fuqing Huirong Venture Capital Co., Ltd. in the Company increased by 3,297,100
`shares due to refinancing shares return during the Reporting Period.
`3. The shares held by China Construction Bank Co., Ltd.- E Fund CSI 300 Initiating Exchange-Traded Fund.
`in the Company increased by 127,200 shares due to refinancing shares return during the Reporting Period.
`4. 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
`Full name of
`shareholder
`Shares in the common account and credit
`account at the period-begin
`Shares lent in
`refinancing and not
`yet returned at the
`period-begin
`Shares in the
`common account and
`credit account at the
`period-end
`Shares lent in
`refinancing and not yet
`returned at the period-
`end
`Total shares As % of total share capital Total
`shares
`As %
`of
`total
`share
`capital
`Total shares
`As %
`of
`total
`share
`capital
`Total
`shares
`As % of total
`share capital
`Industrial and
`Commercial Bank of
`China Co., Ltd.-
`Huatai-Pinebridge CSI
`300 Exchange-Traded
`Fund
`279,619,047 0.74% 140,700 0.00% 637,914,147 1.69% 0 0.00%
`Fuqing Huirong
`Venture Capital Co.,
`Ltd.
`535,302,540 1.42% 3,297,100 0.01% 538,599,640 1.43% 0 0.00%
`China Construction
`Bank Co., Ltd.- E
`Fund CSI 300
`Initiating Exchange-
`Traded Fund
`105,023,223 0.28% 127,200 0.00% 440,075,023 1.17% 0 0.00%
`Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with th e prior
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`BOE Technology Group Co., Ltd. Annual Report 2024 (Summary)
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`period
`□Applicable  Not applicable
`(2) Number of Preferred Shareholders and Shareholdings of Top 10 of Them
`□ Applicable  Not applicable
`No preferred shareholders in the Reporting Period.
`(3) Ownership and Control Relations between the Actual Controller and the Company
`
`Notes: 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 St ock
`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., Lt d.
`through the agreement according to Implementation Protocol of V oting 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.
`5. Outstanding Bonds at the Date when this Report Was Authorized for Issue
`□ Applicable  Not applicable
`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 end of this reporting period is as follows:
`Bond name Abbr. Bond code Date of issue Maturity
`2022 Public Offering of Renewable Corporate
`Bonds of BOE (for professional investors)
`(Digital Economy) (Phase I)
`22BOEY1 149861 24 March 2022 25 March 2025
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`BOE Technology Group Co., Ltd. Annual Report 2024 (Summary)
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`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. The Company disclosed the Announcement on the Public
`Offering of Corporate Bonds to Professional Investors Obtaining Registration Approval from the CSRC (Announcement No. 2024-
`052) on 9 October 2024. The Company received the CSRC Permit [2024] No. 1330, which agreed to the Company's public offering of
`corporate bonds with an aggregate nominal value of no more than RMB10 billion to professional investors. The Company disclosed
`the Announcement on Not Exercising the Issuer’s Renewal Option for the 2022 Public Offering of Renewable Corporate Bonds of BOE
`(for professional investors) (Digital Economy) (Phase I) (Announcement No. 2025-008) on 11 February 2025, and the third anniversary
`of 22BOEY1 fell on 25 March 2025. According to the relevant provisions of the Prospectus and the Listing Declaration, the Company
`decides not to exercise the renewal option of bond issuer. That is, the current bonds were to be fully redeemed. As the Compa ny
`disclosed the Announcement on the Redemption of the Principal and Interest of the " 22BOEY1" Corporate Bonds and the De -listing
`of the Bonds (Announcement No. 2025-010) on 21 March 2025, it would pay the interest of the bonds generated between 25 March
`2024 and 24 March 2025, as well as the principal of the bonds, on 25 March 2025, and de-list the bonds.
`2. The Company disclosed the Announcement on Resignation of Director (Announcement No. 2024-001) on 24 January 2024, due to
`the change of work, Mr. Pan Jinfeng applied for resignation as Director and Vice Chairman of the Board and will not hold any position
`in the Company after his resignation. The Company disclosed the Announcement on Resignation of Director (Announcement No. 2024-
`004) on 13 March 2024, due to age, Mr. Liu Xiaodong applied for resignation as Director, Vice Chairman of the Board and M ember
`of Special Committee of the Board and will continue to serve as Member of the Executive Committee in the Company after his
`resignation; Ms. Sun Yun applied for resignation as Director and Member of Special Committee of the Board and will continue t o
`serve as Member of the Executive Committee and Executive Vice President in the Company after her resignation. The Company
`disclosed the Announcement on Election of Non-Independent Directors of the 10th Board of Directors (Announcement No. 2024-018)
`on 2 April 2024. The Company disclosed the Announcement on Resolutions of the 2023 Annual General Meeting (Announcement No.
`2024-023) on 27 April 2024 which reviewed and approved the Proposal on Election of Non-Independent Directors of the 10th Board
`of Directors, and Mr. Feng Qiang, Mr. Zhu Baocheng and Mr. Wang Xiping were elected as non -independent directors of the 10 th
`Board of Directors of the Company. The Company disclosed the Announcement on Resolutions of the 30 th Meeting of the 10th Board
`of Directors (Announcement No. 2024-028) on 28 May 2024 which reviewed and approved the Proposal on Election of Vice Chairman
`of the 10th Board of Directors, and Mr. Feng Qiang and Mr. Zhu Baocheng were elected by the Board as Vice Chai rman of the 10 th
`Board of Directors. The Company disclosed the Announcement on Resignation of Supervisor (Announcement No. 2024-031) on 13
`June 2024, due to job turnover, Mr. Sun Fuqing applied for resignation as a supervisor and will not hold any position in the Company
`after his resignation. The Company disclosed the Announcement on Resignation of Director (Announcement No. 2024-038) on 9 July
`2024, due to the change of work, Mr. Zhu Baocheng applied for resignation as Director and Vice Chairman of the Board and will not
`hold any position in the Company after his resignation. The Company disclosed the Announcement on Resolutions of the 32nd Meeting
`of the 10th Board of Directors (Announcement No. 2024-042) on 25 July 2024 which reviewed and approved the Proposal on Adjusting
`the Composition of the Company’s Executive Committee and Appointing Senior Management . Mr. Feng Qiang, a curren t senior
`management of the Company, was promoted from a member of the Executive Committee and Executive Vice President to Vice
`Chairman of the Executive Committee; and Mr. Liu Zhiqiang was appointed by the Board as a member of the Executive Committee
`and Senior Vice President of the Company. The Company disclosed the Announcement on Resolutions of the 1st Extraordinary General
`Meeting in 2024 (Announcement No. 2024-040) on 25 July 2024 which reviewed and approved the Proposal on Election of Supervisor
`of the 10th Supervisory Committee, and Mr. Song Ligong was elected as a supervisor of the 10th Supervisory Committee. The Company
`disclosed the Announcement on Resignation of Senior Management (Announcement No. 2024-041) on 25 July 2024, due to age, Mr.
`Liu Xiaodong applied for resignation as a member of the Executive Committee of the Company and will continue to work in the
`Company responsible for promoting major projects of the Company. The Company disclosed the Announcement on Resignation of
`Senior Management (Announcement No. 2024-051) on 21 September 2024, due to job transfer, Mr. Zhang Yu applied for resignation
`as a member of the Executive Committee and Executive Vice President and will not hold any position in the Company after his
`resignation. The Compan y disclosed the Announcement on Resignation of Director (Announcement No. 2024 -053) on 16 October
`2024, due to work arrangement, Mr. Wu Lishun applied for resignation as director and the relevant positions of Special Committee of
`the Board in the Company and will not hold any position in the Company after his resignation. The Company disclosed the
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`Announcement on Resolutions of the 38 th Meeting of the 10th Board of Directors (Announcement No. 2024-054) on 31 October 2024
`which reviewed and approved the Proposal on Appointment of Senior Management of the Company , and both Mr. Liu Jing and Mr.
`Yun Xiangnan were appointed by the Board as a member of the Executive Committee and Vice President. The Company disclosed the
`Announcement on Resolutions of the 2 nd Extraordinary General Meeting in 2024 (Announcement No. 2024 -069) on 16 November
`2024 which reviewed and approved the Proposal on Election of Non -Independent Directors of the 10 th Board of Directors, and Mr.
`Guo Chuan was elected as a non-independent director of the 10 th Board of Directors of the Company. The Company disclosed the
`Announcement on Resolutions of the 1 st Extraordinary General Meeting in 2025 (Announcement No. 2025-002), Announcement on
`Resolutions of the 1st Meeting of the 11th Board of Directors (Announcement No. 2025-005) and Announcement on Resolutions of the
`1st Meeting of the 11 th Supervisory Committee (Announcement No. 2025 -006) on 15 January 2025, which reviewed and approved
`proposals related to general election and completed the general election. For more details, please refer to relevant announcements.
`3. On 13 June 2024, the Company disclosed the Announcement on the Distribution of the 2023 Final Dividend (Announcement No.
`2024-030). 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 af ter the date of the relevant
`general meeting resolution), with no bonus issue from either profit or capital reserves.
`4. Following the approval of the Proposal on the Repurchase of Some Public Shares at the 38th Meeting of the 10th Board of Directors,
`the Company disclosed the Announcement on the Repurchase of Some Public Shares (Announcement No. 2024-061) on 31 October
`2024. On 14 November 2024, the Company disclosed the Voluntary Information Disclosure Announcement on Receiving a Letter of
`Loan Commitment and Obtaining Financing Support for Share Repurchase (Announcement No. 2024-066). The Company received
`a Letter of Loan Commitment issued by Beijing Branch of Industrial and Commercial Bank of China Co., Ltd., committing to provide
`the Company with a spec ial loan of RMB700 million (not exceeding 70% of the repurchase transaction price) for share repurchase.
`The Company carried out the first repurchase on 22 November 2024 and disclosed the Announcement on the First Repurchase of Some
`Public Shares (Announcement No. 2024-072) on 23 November 2024. On 3 January 2025, the Company disclosed the Announcement
`on the Completed Implementation of Share Repurchase Programme and Repurchase Implementation Results (Announcement No.:
`2025-001). As at 31 December 2024, 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 228,882,900,
`accounting for approximately 0.62% of the Company's A Shares and 0.61% of the Company's total share capital, with the highest
`transaction price of RMB4.46 per share and the lowest transaction price of RMB4.22 per share. The total amount paid was
`RMB999,872,378 (exclusive 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.
`Overview of significant event Disclosure date Disclosure website
`Announcement on Investing in Beijing Electric Control Integrated Circuit
`Manufacturing Co., Ltd. and the Related-party Transaction 16 November 2024 www.cninfo.com.cn
`Announcement on BEHC Industrial Investment Co., Ltd.’s Intention to Invest
`in Beijing Xianzhi Chain Phase II Venture Investment Fund (Limited
`Partnership) and Beijing Xianzhi Chain Enterprise Management Center
`(Limited Partnership) and the Related-party Transaction
`24 December 2024 www.cninfo.com.cn
`
`
`Chairman of the Board (signature): Mr. Chen Yanshun
`
`
`Date of the Board’s approval of this Report: 18 April 2025
`
`Optronic Sciences LLC, Ex. 2024
`OPTRONIC SCIENCES LLC v. BOE Technology Group Co