BOE Technology Group Co., Ltd. Annual Report 2022 (Summary)
Stock Code: 000725, 200725 Stock Name: BOE-A, BOE-B Announcement No. 2023-025
BOE TECHNOLOGY GROUP CO., LTD.
ANNUAL REPORT 2022 (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 37,668,177,369 shares, a cash dividend of RMB0.61
(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 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
Tel. 010-64318888 ext. 010-64318888 ext.
E-mail address liuhongfeng@boe.com.cn luowenjie@boe.com.cn
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BOE Technology Group Co., Ltd. Annual Report 2022 (Summary)
2. Principal Activities or Products in the Reporting Period
BOE Technology Group Co., Ltd. is a leading IoT company providing intelligent interface products and professional services for
information interaction and human health. Based on a deep understanding of the intrinsic laws of the market and practical exploration,
and in order to further enhance its value creation capability, BOE has put forward the development strategy of "Screen-Connected IoT"
based on its core genes and capabilities, seizing the ubiquitous growth opportunities of "screen", and fully leveraging its core advantage
of "screen" to integrate screens into more market segments and application scenarios by integrating more functions and deriving more
forms. By doing so, BOE will realize the user perception revolution of "screen as terminal" in the digital era, build an industrial ecology
of "screen as platform and screen as system", and reshape the value growth model. At the same time, based on the strategic design of
"Screen-Connected IoT", BOE will bring a new connotation to the "1+4+N+Ecosystem" development structure under the new
development pattern.
"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 Medical Engineering 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.
The Company's core businesses are summarized as follows:
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, vehicle-mounted, electronic shelf label (ESL), industrial control,
household medical applications, applications on wearable devices, whiteboards, tiled display screens, commercial devices, 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, visual arts, smart public service, smart transportation, etc.
3. The Sensor business
The Sensor business offers integrated design and manufacturing services for system solutions, focuses on medical biological segment,
smart transportation and construction displays, consumer electronics, industrial sensors and other fields, and provides customers with
design and manufacturing of sensor devices and system solution services, with specific products and solutions including back plates
for flat panel X-ray detectors (FPXD), digital microfluidic chips, intelligent PDLC glass and PDLC system solutions, fingerprint
identification sensors and systems, as well as industrial sensors and solutions, among others.
4. The MLED business
The MLED business renders Mini-LED backlight products with high reliability and high partition of dimming for LCD of tablet PCs,
laptops, monitors, TVs, vehicles, wearable devices, etc., as well as Mini/Micro-LED display product solutions 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 Medical Engineering business
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BOE Technology Group Co., Ltd. Annual Report 2022 (Summary)
The Smart Medical Engineering business adopts the professional service model to combine technologies with medicine and integrate
medicine and engineering with innovation, so as to provide people-oriented services for families, communities and hospitals. It connects
testing equipment, healthcare workers and customers through the health IoT platform to build a smart health management ecosystem
where customers enjoy health services including prevention, treatment, therapy and nursing.
Meanwhile, with a specific focus on "N", the Company provides hardware and software integrated system solutions for different
industries, including industrial IoT, smart energy, digital art, and other fields, which can provide customers with all-dimensional, one-
stop and smart new experience under IoT 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.
Unit: RMB
Change of
31
December
31 December 2021 2022 over 31 December 2020
Item 31 December 2022 31
December
2021 (%)
Before Restated Restated Before Restated
Total assets 420,562,103,212.00 449,726,980,355.00 450,232,603,404.00 -6.59% 424,256,806,331.00 424,297,693,499.00
Equity
attributable to the
136,089,410,395.00 142,925,547,899.00 143,204,240,947.00 -4.97% 103,276,766,835.00 103,312,344,036.00
listed company’s
shareholders
2022-
over-2021
2021 2020
Item 2022 change
(%)
Before Restated Restated Before Restated
Operating revenue 178,413,731,179.00 219,309,799,505.00 221,035,718,012.00 -19.28% 135,552,569,729.00 135,552,569,729.00
Net profit
attributable to the
7,550,877,790.00 25,830,935,500.00 25,960,751,646.00 -70.91% 5,035,627,952.00 5,035,627,952.00
listed company’s
shareholders
Net profit
attributable to the
listed company’s
-2,228,652,161.00 23,937,539,752.00 24,067,355,898.00 -109.26% 2,670,454,834.00 2,670,454,834.00
shareholders
before exceptional
gains and losses
Net cash
generated
from/used in 43,021,967,305.00 62,270,556,324.00 62,698,688,556.00 -31.38% 39,251,773,458.00 39,251,773,458.00
operating
activities
Basic earnings per
share 0.19 0.71 0.71 -73.24% 0.13 0.13
(RMB/share)
Diluted earnings -- 0.71 0.71 -- 0.13 0.13
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BOE Technology Group Co., Ltd. Annual Report 2022 (Summary)
per share
(RMB/share)
Weighted average
return on equity 5.45% 23.84% 23.93% -18.48% 5.15% 5.15%
(%)
Reason for accounting policy change and correction of accounting error:
In accordance with the requirements of the Interpretation of Accounting Standards for Business Enterprises No. 15 issued by the
Ministry of Finance, the Group implemented the relevant provisions and retrospectively adjusted the relevant items of the financial
statements at the beginning of the year and the same period of the previous year, and the above changes in accounting policies had no
significant impact on the Company's financial position and operating results.
(2) Key Financial Information by Quarter
Unit: RMB
Item Q1 Q2 Q3 Q4
Operating revenue 50,475,809,458.00 41,134,432,411.00 41,134,145,106.00 45,669,344,204.00
Net profit attributable
to the listed company’s 4,388,727,184.00 2,206,934,554.00 -1,304,557,522.00 2,259,773,574.00
shareholders
Net profit attributable
to the listed company’s
shareholders before 3,511,402,963.00 728,053,130.00 -2,688,031,763.00 -3,780,076,491.00
exceptional gains and
losses
Net cash generated
from/used in operating 14,755,368,710.00 13,356,631,955.00 2,918,435,636.00 11,991,531,004.00
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
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
1,545,309 (including Number of ordinary 1,408,195（including
Number of ordinary shareholders at the period- 1,512,990 A-shareholders shareholders at the month-
1,375,930 A-shareholders and
end and 32,319 B- end prior to the disclosure
of this Report 32,265 B-shareholders）
shareholders)
Top 10 shareholders
Sharehold Shares in pledge, marked
Total shares
Nature of ing Restricted or frozen
Name of shareholder held at the
shareholder percentag shares held
period-end Status Shares
e
Beijing State-owned Capital Operation and State-owned
10.64% 4,063,333,333 0 N/A 0
Management Company Limited legal person
Foreign legal
Hong Kong Securities Clearing Company Ltd. 3.80% 1,450,193,281 0 N/A 0
person
Beijing BOE Investment & Development Co., State-owned 2.15% 822,092,180 0 N/A 0
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BOE Technology Group Co., Ltd. Annual Report 2022 (Summary)
Ltd. legal person
Beijing Jing Guorui Soe Reform and
Other 1.88% 718,132,854 718,132,854 N/A 0
Development Fund (L.P.)
State-owned
Hefei Jianxiang Investment Co., Ltd. 1.74% 666,195,772 0 N/A 0
legal person
Domestic
non-state-
Fuqing Huirong Venture Capital Co., Ltd. 1.40% 533,984,340 0 N/A 0
owned legal
person
Domestic
non-state-
Ningxia Risheng High-tech Industry Co., Ltd. 0.92% 350,925,766 0 N/A 0
owned legal
person
Sinatay Life Insurance Co., Ltd.-Traditional
Other 0.80% 305,330,128 0 N/A 0
Product
State-owned
Beijing Yizhuang Investment Holdings Co., Ltd 0.74% 281,295,832 0 N/A 0
legal person
State-owned
Beijing Electronics Holdings Co., Ltd. 0.72% 273,735,583 0 N/A 0
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 parties among the shareholders disposing right and usufruct of the shares, of which the rest 30% voting right
above maintained unanimous with Beijing Electronics Holdings Co., Ltd. through
the agreement according to Implementation Protocol of 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
308,342,066 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 119,705,000 shares due to the return of securities
under securities refinancing.
Shareholders involved in securities margin trading (if any) 3. The shares held by Shareholder Fuqing Huirong Venture Capital Co., Ltd.
in the Company decrease by 4,615,300 shares due to securities refinancing.
4. Shareholders Beijing State-owned Capital Operation and Management
Company Limited, Beijing BOE Investment & Development Co., Ltd.,
Beijing Jing Guorui SOE Reform and Development Fund (L.P.), Hefei
Jianxiang Investment Co., Ltd., Beijing Electronics Holdings Co., Ltd. and
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BOE Technology Group Co., Ltd. Annual Report 2022 (Summary)
Sinatay Life Insurance Co., Ltd.-Traditional Product were not involved in
securities refinancing.
5. Except for the aforesaid, the Company does not know any other top-10
shareholder who was involved in securities refinancing.
Note：The number of ordinary shareholders at the month-end prior to the disclosure of this Report is for the total number of common
Stockholders of the Company as of March 20, 2023. At the end of the month before the disclosure date (March 31, 2023)，A-
shareholders is 1,332,076; Due to the "T+3" trading rule for B shares, the Company failed to obtain the number of B-shareholders at
the end of the month before the disclosure date from China Securities Depository and Clearing Corporation Limited on the disclosure
date.
(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. Beijing Intelligent Kechuang Technology Development Co., Ltd. (Intelligent Kechuang) is used as a platform for the
Company to implement equity incentives for its core technical and managerial personnel, who are the 20 nominal shareholders of
Intelligent Kechuang. The ratios of their capital contributions to Intelligent Kechuang do not represent their actual equity percentage.
The equities of Intelligent Kechuang are jointly owned by the awardees of the Company’s equity incentive plans. The capital
contribution ratios of the said 20 people are as follows: Wang Dongsheng 20%, Jiang Yukun 10%, Liang Xinqing 10%, Zhao Caiyong
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BOE Technology Group Co., Ltd. Annual Report 2022 (Summary)
6.667%, Shi Dong 6.667%, Chen Yanshun 6.667%, Song Ying 6.667%, Han Guojian 6.667%, Gong Xiaoqing 3.333%, Wang Yanjun
3.333%, Wang Jiaheng 3.333%, Liu Xiaodong 3.333%, Ren Jianchang 1.667%, Sun Jiping 1.667%, Zhang Peng 1.667%, Wang Aizhen
1.667%, Mu Chengyuan 1.667%, Xu Yan 1.667%, Hua Yulun 1.667% and Zhong Huifeng 1.667%.
2. When the Company completed a private offering of shares in 2014, Beijing State-Owned Capital Operation and Management Center
transferred its 70% stake directly held in the Company to Beijing Electronics Holding Co., Ltd. for managing through a Shares
Management Agreement, and Beijing Electronics Holding Co., Ltd. obtained the shareholder’s rights other than the disposal and
earnings rights attached to the 70% stake; and Beijing State-Owned Capital Operation and Management Center agreed in a Voting
Rights Exercise Agreement to align itself with Beijing Electronics Holding Co., Ltd. when exercising its voting rights of the remaining
30% stake directly held by it in the Company.
3. 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
(1) Bond Profile
Balance
Coupon
Bond name Abbr. Bond code Date of issue Maturity (RMB’0,0
rate
00)
2020 Public Offering of
Renewable Corporate Bonds
of BOE (for qualified
20BOEY3 149108 24 April 2020 27 April 2023 200,000 3.50%
investors) (Phase III)
(epidemic prevention and
control bonds)
2022 Public Offering of
Renewable Corporate Bonds
of BOE (for professional 22BOEY1 149861 24 March 2022 25 March 2025 200,000 3.50%
investors) (Digital Economy)
(Phase I)
The interest for the period from 28 February 2021 to 27 February 2022 on 20BOEY1
was paid on 28 February 2022.
The interest for the period from 19 March 2021 to 18 March 2022 on 20BOEY2 was
paid on 21 March 2022.
Bond redemption and interest payment The interest for the period from 27 April 2021 to 26 April 2022 on 20BOEY3 was
during the Reporting Period paid on 27 April 2022.
The Company repaid on 31 October 2022 the principals of the 2019 Public Offering
of Renewable Corporate Bonds of BOE Technology Group Co., Ltd. (for qualified
investors) (Phase I) (bond name: 19BOEY1; bond code: 112741), together with the
interest from 29 October 2021 to 28 October 2022, and delisted the bonds.
(2) Latest Rating and Rating Change
On 30 May 2022, United Credit Ratings Co., Ltd. issued the Follow-up Rating Report of the 2022 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 30 May 2022.
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BOE Technology Group Co., Ltd. Annual Report 2022 (Summary)
United Credit Ratings Co., Ltd. is expected to issue the Follow-up Rating Report of the 2023 for the Renewable Corporate Bonds of
BOE Technology Group Co., Ltd. in May 2023. 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'0,000
Item 2022 2021 Change
Debt/asset ratio 51.96% 51.72% 0.24%
Net profit before exceptional
-222,865 2,406,736 -109.26%
gains and losses
Debt/EBITDA ratio 25.57% 50.40% -24.83%
Interest cover (times) 1.01 7.72 -86.92%
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.
Bond name Abbr. Bond code Date of issue Maturity
2019 Public Offering of Renewable Corporate Bonds of
19BOEY1 112741 28 October 2019 29 October 2022
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)
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 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. 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 of BOE
(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. The Company disclosed the Announcement on Not Exercising the Issuer’s Renewal Option for the 2020 Public
Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase I) (epidemic prevention and control bonds)
(Announcement No. 2023-001) on 7 January 2023, and the third anniversary of 20BOEY1 falls on 27 February 2023. According to the
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BOE Technology Group Co., Ltd. Annual Report 2022 (Summary)
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 are to be fully redeemed. The Company disclosed the Announcement on Not Exercising the Issuer’s
Renewal Option for the 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase II) (epidemic
prevention and control bonds) (Announcement No. 2023-002) on 31 January 2023, and the third anniversary of 20BOEY2 falls on 18
March 2023. 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 are to be fully redeemed. As the Company disclosed the Announcement
on the Redemption of the Principal and Interest of the "20BOEY1" Corporate Bonds and the De-listing of the Bonds (Announcement
No. 2023-005) on 24 February 2023, it will pay the interest of the bonds generated between 28 February 2022 and 27 February 2023,
as well as the principal of the bonds, on 28 February 2023, and de-list the bonds. The Company disclosed the Announcement on Not
Exercising the Issuer’s Renewal Option for the 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors)
(Phase III) (epidemic prevention and control bonds) (Announcement No. 2023-008) on 15 March 2023, and the third anniversary of
20BOEY3 falls on 27 April 2023. 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 are to be fully redeemed. As the Company disclosed
the Announcement on the Redemption of the Principal and Interest of the "20BOEY2" Corporate Bonds and the De-listing of the Bonds
(Announcement No. 2023-009) on 16 March 2023, it will pay the interest of the bonds generated between 19 March 2022 and 18 March
2023, as well as the principal of the bonds, on 20 March 2023, and de-list the bonds. The Company disclosed 2023 "22BOEY1" Interest
Payment Announcement (Announcement No. 2023-010) on 23 March 2023. 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. 3,650,377,019 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,
2,932,244,165 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. 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 718,132,854 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. 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 499,999,919, 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 RMB2,620,105,418.52 (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.
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BOE Technology Group Co., Ltd. Annual Report 2022 (Summary)
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 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 243,229,361, 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 HKD999,999,946.81 (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 Retirement of Repurchased
Shares & Share Changes (Announcement No. 2022-071). The aforesaid 243,229,361 repurchased shares have been retired on 20
September 2022 with the Shenzhen branch of China Securities Depository and Clearing Co., Ltd., with the retired number of shares,
date of completion and term of retirement all in compliance with the applicable laws and regulations.
5. On 29 April 2022, the Company disclosed the Announcement on the Resolutions of the 2021 Annual General Meeting
(Announcement No. 2022-041), the Announcement on the Resolutions of the First Meeting of the 10th Board of Directors
(Announcement No. 2022-043), and the Announcement on the Resolutions of the First Meeting of the 10th Supervisory Committee
(Announcement No. 2022-044). 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 on the Distribution of the 2021 Final Dividend (Announcement No.
2022-048). 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 Center
15 March 2022 www.cninfo.com.cn
(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
Announcement on Investment in the Project of BOE 6th Generation of New
31 October 2022 www.cninfo.com.cn
Semiconductor Display Device Production Line
Announcement on Subscription in A-Shares Issued by HC Semitek Corporation
7 November 2022 www.cninfo.com.cn
to Specific Objects
Announcement on Capital Increase to BEHC Industrial Investment Co., Ltd.
17 November 2022 www.cninfo.com.cn
and the Related-party Transaction
Announcement on Selling Some Stocks of Subsidiaries 30 November 2022 www.cninfo.com.cn
Announcement on the Receipt of Equity Interests in Hefei BOE Display
30 December 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: 31 March 2023
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