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京东方B:2020年第三季度报告正文(英文版)2020-10-30  

                        BOE Technology Group Co., Ltd.                                 Third Quarterly Report 2020 (Summary)




Stock Code: 200725                  Stock Name: BOE-B                   Announcement No. 2020-066




                     BOE TECHNOLOGY GROUP CO., LTD.
              THIRD QUARTERLY REPORT 2020 (SUMMARY)




                                 Part I Important Notes

The Board of Directors (or the “Board”), the Supervisory Committee as well as the directors,
supervisors and senior management of BOE Technology Group Co., Ltd. (hereinafter referred
to as the “Company”) hereby guarantee the factuality, accuracy and completeness of the
contents of this Report and its summary, and shall be jointly and severally liable for any
misrepresentations, misleading statements or material omissions therein.
All the Company’s directors have attended the Board meeting for the review of this Report
and its summary.
Mr. Chen Yanshun, the Company’s legal representative, Mr. Liu Xiaodong, president of the
Company’s Execution Committee(Chief Executive Officer), Ms. Sun Yun, the Company’s
Chief Financial Officer, and Ms. Yang Xiaoping, head of the Company’s financial department
(equivalent to financial manager) hereby guarantee that the Financial Statements carried in
this Report are factual, accurate and complete.
This Report has been prepared in both Chinese and English. Should there be any
discrepancies or misunderstandings between the two versions, the Chinese version shall
prevail.




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BOE Technology Group Co., Ltd.                                                                Third Quarterly Report 2020 (Summary)




                                    Part II Key Corporate Information

I Key Consolidated Financial Information

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

                    Item                           30 September 2020              31 December 2019                 Change (%)

Total assets (RMB)                                        363,168,000,656.00        340,412,203,308.00                            6.68%

Equity attributable to the listed
                                                          101,109,228,915.00         95,058,129,055.00                            6.37%
company’s shareholders (RMB)

                    Item                           Q3 2020              YoY change (%)             Q1-Q3 2020          YoY change (%)

Operating revenue (RMB)                         40,820,898,656.00                  33.04%        101,687,972,162.00             18.63%

Net profit attributable to the listed
                                                 1,340,387,777.00                629.30%           2,475,838,102.00             33.67%
company’s shareholders (RMB)

Net profit attributable to the listed
company’s shareholders before                   1,064,128,213.00                         -         887,799,628.00                      -
exceptional items (RMB)

Net cash generated from/used in
                                                13,751,838,874.00                178.83%          23,468,514,408.00             42.00%
operating activities (RMB)

Basic earnings per share (RMB/share)                         0.035               600.00%                     0.061              15.09%

Diluted earnings per share (RMB/share)                       0.035               600.00%                     0.061              15.09%

Weighted average return on equity (%)                        1.37%                  1.16%                    2.42%                0.28%

Exceptional gains and losses:
√ Applicable □ Not applicable
                                                                                                                             Unit: RMB

                                        Item                                                    Q1-Q3 2020                 Note

Gain or loss on disposal of non-current assets (inclusive of impairment
                                                                                                      -3,937,719.00         N/A
allowance write-offs)

Tax rebates, reductions and exemptions with ultra vires approval or in lack of
                                                                                                                0.00        N/A
duly approved document

Government subsidies charged to current profit and loss (exclusive of
government subsidies given in the Company’s ordinary course of business at                        1,855,998,083.00         N/A
fixed quotas or amounts as per government’s uniform standards )

Capital occupation charges on non-financial enterprises that are charged to
                                                                                                                0.00        N/A
current gains and losses

Income equal to the amount by which investment costs for the Company to                                         0.00        N/A



                                                                                                                                            2
BOE Technology Group Co., Ltd.                                                         Third Quarterly Report 2020 (Summary)


obtain subsidiaries, associates and joint ventures are lower than the Company’s
enjoyable fair value of identifiable net assets of investees when making
investments

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

Gains and losses on investment or asset management entrustments to other
                                                                                                       0.00      N/A
entities

Allowance for asset impairments due to acts of God such as natural disasters                           0.00      N/A

Gains and losses on debt restructuring                                                                 0.00      N/A

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

Gains and losses on over-fair value amount as a result of transactions with
                                                                                                       0.00      N/A
distinctly unfair prices

Current gains and losses on subsidiaries acquired through business mergers
                                                                                                       0.00      N/A
under same control from period-beginning to merger dates, net

Gains and losses on contingencies that do not arise in the Company’s ordinary
                                                                                                       0.00      N/A
course of business

Gain or loss on fair-value changes in held-for-trading financial assets and
liabilities and derivative financial assets and liabilities & investment income
from disposal of held-for-trading financial assets and liabilities and derivative             41,769,702.00      N/A
financial assets and liabilities, and other debt investments (exclusive of effective
portion of hedges that arise in the Company’s ordinary course of business)

Reversed portion of impairment allowance for accounts receivable and contract
                                                                                               7,805,828.00      N/A
assets which are tested individually for impairment

Gains and losses on loan entrustment                                                                   0.00      N/A

Gains and losses on fair value changes in investment property of which
                                                                                                       0.00      N/A
subsequent measurement is carried out using fair value method

Effects of all adjustments required by taxation, accounting and other applicable
                                                                                                       0.00      N/A
laws and regulations on current gains and losses

Income from charges on entrusted management                                                            0.00      N/A

Non-operating income and expense other than above                                             55,534,652.00      N/A

Other gains and losses that meet definition of nonrecurring gain/loss                                  0.00      N/A

Less: Income tax effects                                                                     123,536,748.00      N/A

     Non-controlling interests effects (net of tax)                                          245,595,324.00      N/A

Total                                                                                      1,588,038,474.00       --

Explanation of why the Company reclassifies as recurrent an exceptional gain/loss item defined or listed in the Explanatory
Announcement No. 1 on Information Disclosure for Companies Offering Their Securities to the Public—Exceptional Gain/Loss
Items:
□Applicable   √Not applicable
No such cases in the Reporting Period.



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BOE Technology Group Co., Ltd.                                                               Third Quarterly Report 2020 (Summary)


II Total Number of Shareholders and Holdings of Top 10 of Them as at the End of the
Reporting Period

1. Numbers of Ordinary Shareholders and Preference Shareholders with Resumed Voting Rights as well as
Holdings of Top 10 Shareholders

                                                                                                                             Unit: share

Number of ordinary shareholders                      1,207,757 (including 1,168,162 A-shareholders and 39,595 B-shareholders)

                                                        Top 10 shareholders

                                                                                                                Shares in pledge or
                                        Nature of      Shareholding                            Restricted
           Name of shareholder                                           Total shares held                             frozen
                                       shareholder      percentage                               shares
                                                                                                                Status          Shares

Beijing State-owned Capital Operation State-owned
                                                              11.68%        4,063,333,333                   0    N/A                     0
and Management Center                  corporation

Hong Kong Securities Clearing          Foreign
                                                               5.21%        1,812,788,406                   0    N/A                     0
Company Ltd.                           corporation

                                       State-owned
Hefei Jianxiang Investment Co., Ltd.                           3.10%        1,078,869,310                   0    N/A                     0
                                       corporation

Chongqing Ezcapital Opto-electronic    State-owned
                                                               2.92%        1,014,888,138                   0    N/A                     0
Industry Investment Co., Ltd.          corporation

Beijing BOE Investment &               State-owned
                                                               2.36%          822,092,180                   0    N/A                     0
Development Co., Ltd.                  corporation

                                       State-owned
Hefei Jianxin Investment Co., Ltd.                             2.30%          800,000,000                   0    N/A                     0
                                       corporation

Beijing Yizhuang Investment Holdings State-owned
                                                               1.46%          507,008,046                   0    N/A                     0
Co., Ltd                               corporation

Generali China-China Merchants
Bank-Generali Assets-Qihang No. 1 Other                      0.94%          325,728,500                   0    N/A                     0
Asset Management Products

Generali China-China Merchants
Bank-Generali Assets-Chengping       Other                   0.88%          305,643,700                   0    N/A                     0
No. 1 Asset Management Products

China Merchants Bank Co., Ltd.-
Galaxy Innovation Growth Hybrid        Other                   0.87%          303,999,829                   0    N/A                     0
Securities Investment Fund

                                                 Top 10 unrestricted shareholders

                                                       Unrestricted ordinary shares                  Shares by class
                 Name of shareholder
                                                                  held                            Class                    Shares

Beijing State-owned Capital Operation and                             4,063,333,333 RMB-denominated ordinary             4,063,333,333


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BOE Technology Group Co., Ltd.                                                              Third Quarterly Report 2020 (Summary)


Management Center                                                                   share

                                                                                    RMB-denominated ordinary
Hong Kong Securities Clearing Company Ltd.                          1,812,788,406                                   1,812,788,406
                                                                                    share

                                                                                    RMB-denominated ordinary
Hefei Jianxiang Investment Co., Ltd.                                1,078,869,310                                   1,078,869,310
                                                                                    share

Chongqing Ezcapital Opto-electronic Industry                                        RMB-denominated ordinary
                                                                    1,014,888,138                                   1,014,888,138
Investment Co., Ltd.                                                                share

                                                                                    RMB-denominated ordinary
Beijing BOE Investment & Development Co., Ltd.                        822,092,180                                     822,092,180
                                                                                    share

                                                                                    RMB-denominated ordinary
Hefei Jianxin Investment Co., Ltd.                                    800,000,000                                     800,000,000
                                                                                    share

                                                                                    RMB-denominated ordinary
Beijing Yizhuang Investment Holdings Co., Ltd                         507,008,046                                     507,008,046
                                                                                    share

Generali China-China Merchants Bank-Generali                                      RMB-denominated ordinary
                                                                      325,728,500                                     325,728,500
Assets-Qihang No. 1 Asset Management Products                                      share

Generali China-China Merchants Bank-Generali
                                                                                    RMB-denominated ordinary
Assets-Chengping No. 1 Asset Management                              305,643,700                                     305,643,700
                                                                                    share
Products

China Merchants Bank Co., Ltd.-Galaxy Innovation                                   RMB-denominated ordinary
                                                                      303,999,829                                     303,999,829
Growth Hybrid Securities Investment Fund                                            share

                                                      1. After the non-public issuing of BOE in 2014, Hefei Jianxiang Investment
                                                      Co., Ltd. and Chongqing Ezcapital Opto-electronic Industry Investment Co.,
                                                      Ltd., by entering into Implementation Protocol of Voting Right respectively,
Related or acting-in-concert parties among            agreed to maintain all of the shares held by them respectively unanimous
shareholders above                                    with Beijing BOE Investment & Development Co., Ltd. when executing the
                                                      voting rights of the shareholders.
                                                      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.

                                                      The Company’s shareholder Beijing Yizhuang Investment Holdings Co., Ltd.
Top 10 ordinary shareholders involved in securities
                                                      decreased its shareholding in the Company of 46,944,800 shares for involved
margin trading (if any)
                                                      in refinancing business.

Indicate by tick mark whether any of the top 10 ordinary shareholders or the top 10 unrestricted ordinary shareholders of the
Company conducted any promissory repo during the Reporting Period.
□ Yes √ No
No such cases in the Reporting Period.


2. Number of Preference Shareholders and Shareholdings of Top 10 of Them

□ Applicable √ Not applicable




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BOE Technology Group Co., Ltd.                                                                Third Quarterly Report 2020 (Summary)




                                           Part III Significant Events

I Changes in Key Financial Statement Line Items and Explanation of why

√ Applicable □ Not applicable

1. Accounts receivable as at 30 September 2020 rose 42% compared to 31 December 2019, primarily driven by an increase in
amounts due from customers with expanding operating revenue in the Reporting Period.
2. Inventories as at 30 September 2020 rose 31% compared to 31 December 2019, primarily driven by expanding operating revenue
and the mass production in respect of new project in the Reporting Period.
3. Fixed assets as at 30 September 2020 rose 33% compared to 31 December 2019, primarily driven by the transfer of new
construction to fixed assets in the Reporting Period.
4. Construction in progress as at 30 September 2020 declined 38% compared to 31 December 2019, primarily driven by the transfer
of new construction to fixed assets in the Reporting Period.
5. The current portion of non-current liabilities as at 30 September 2020 rose 32% compared to 31 December 2019, primarily driven
by the transfer of long-term borrowings to this item in the Reporting Period.
6. Administrative expense rose 30% during Q1-Q3 2020 compared to Q1-Q3 2019, primarily driven by expanding operating revenue
in the Reporting Period.
7. Finance costs rose 40% during Q1-Q3 2020 compared to Q1-Q3 2019, primarily driven by Q1-Q3 2019 seeing the repayment of
convertible debt by the Company.
8. Return on investment rose 100% during Q1-Q3 2020 compared to Q1-Q3 2019, primarily driven by an increase in the Company’s
share of profit of associates in the Reporting Period.
9. Asset impairment loss rose 51% during Q1-Q3 2020 compared to Q1-Q3 2019, primarily driven by an increase in inventory
valuation allowances, which were made at the lower of cost and net realizable value.
10. Net cash generated from operating activities rose 42% during Q1-Q3 2020 compared to Q1-Q3 2019, primarily driven by an
increase in operating profit as a result of a bigger business size and an increase in tax and levy rebates.


II Progress, Influence and Solutions in respect of Significant Events

√ Applicable □ Not applicable
1. On 18 October 2019, the Company disclosed the Announcement on the Company’s Application for CSRC’s Approval for its
Public Issue of Renewable Corporate Bonds (Announcement No. 2019-052), and the Company received the No. [2019] 1801
Approval from CSRC. Based on the approval, the Company could publicly issue the renewable corporate bonds with the nominal
value no more than RMB30 billion to qualified investors. The Company publicly issued renewable corporate bonds (to qualified
investors) (the first issue) (“19BOEY1” for short; Code: 112741) in 2019 with the issue term from 28 October 2019 to 29 October
2019, the issuing scale of RMB8 billion and the bonds’ ultimate nominal interest rate of 4.0%. The Company publicly issued
renewable corporate bonds (to qualified investors) (the first issue) (epidemic prevention and control bonds) (“20BOEY1” for short;
Code: 149046) in 2020 with the issue term from 27 February 2020 to 28 February 2020, the issuing scale of RMB2 billion and the
bonds’ ultimate nominal interest of 3.64%. The Company publicly issued the renewable corporate bonds (to qualified investors) (the
second issue) (epidemic prevention and control bonds) (“20BOEY2” for short; Code: 149065) in 2020 with the issue term from 18
March 2020 to 19 March 2020, the issuing scale of RMB2 billion and the bonds’ ultimate nominal interest of 3.54%. The Company


                                                                                                                                  6
BOE Technology Group Co., Ltd.                                                             Third Quarterly Report 2020 (Summary)


publicly issued the renewable corporate bonds (to qualified investors) (the third issue) (epidemic prevention and control bonds)
(“20BOEY3” for short; Code: 149108) in 2020 with the issue term from 24 April 2020 to 27 April 2020, the issuing scale of RMB2
billion and the bonds’ ultimate nominal interest of 3.50%. 29 October 2020 represented the one-year mark for the renewable
corporate bonds (to qualified investors) (the first issue) publicly issued by the Company in 2019 with the issue term from 28 October
2019 to 29 October 2019. According to the relevant rules, interest is payable annually during the interest period. On 22 October 2020,
the Company disclosed the Announcement No. 2020-065 on the Payment of Interest for “19BOEY1” for 2020 with RMB40.00 (tax
inclusive)/10 bonds.
2. The Company’s wholly-owned subsidiary BOE Technology (HK) Limited filed a lawsuit on the sales contract dispute to the superior
people’s court in Beijing, and the defendants included LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.
(hereinafter referred to as “LETV Mobile”), LETV Holdings (Beijing) Co., Ltd., Le Sai Mobile Technology (Beijing) Co., Ltd. and Jia
Yueting with the claimed amount of USD41.84 million in total. However, Beijing Municipal Superior People’s Court respectively
issued the Notice of Acceptance and the Civil Ruling Paper on Property Preservation on July 6, 2017 and July 31, 2017. LETV Mobile
ever put forward the jurisdiction objection to Beijing Municipal Superior People’s Court, which was rejected, and then launched a
lawsuit on the judgment of the jurisdiction objection to the Supreme People’s Court. Finally, the Supreme People’s Court made the
final ruling, rejected the appeal of LETV Mobile and affirmed the original judgment. On 8 March 2019, the first hearing was held in
Beijing Municipal Superior People’s Court. On 19 February 2020, Beijing Municipal Superior People’s Court issued the first instance
judgment:
(1) The defendant (LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.) shall pay the plaintiff (BOE Technology (HK)
Limited) the owed principal USD36,940,476.77 and the resulting interests (regarding the principal USD12,871,274.5 as the interest
basis from 8 September 2016 to 1 March 2017, USD12,144,001.77 from 2 March 2017 to the actual payment day, USD16,172,935
from October 13, 2016 to the actual payment day, USD8,488,690 from November 10, 2016 to the actual payment day, and US134,850
from 8 December 2016 to the actual payment day; the annual interest rate shall be 6% (365 days)), as well as the liquidated damages
(regarding the principal USD2,052,248.71 as the basis from 30 April 2017 to 1 July 2017, USD2,052,248.71 from 31 May 2017 to 1
July 2017, USD2,052,248.71 from 30 June 2017 to 1 July 2017, and USD36,940,476.77 from 2 July 2017 to the actual payment day;
the penalty standard was 0.03% per day); under the Installment Payment Agreement within 10 days after the judgment took effect;
(2) The defendant LETV Holdings (Beijing) Co., Ltd. shall burden the joint and several guarantee for the debt owed by LETV Mobile
Intelligent Information Technology (Beijing) Co., Ltd. Defined in the judgment (Item I);
(3) After the Defendant LETV Holdings (Beijing) Co., Ltd. burdens the joint and several guarantee related to Item II, LETV Holdings
(Beijing) Co., Ltd. shall have the right to claim compensation from LETV Mobile Intelligent Information Technology (Beijing) Co.,
Ltd.;
(4) The defendant(LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.) shall pay the plaintiff (BOE Technology (HK)
Limited) the owed principal USD2,459,090.91 and the resulting interests (regarding the principal USD2,459,090.91 as the interest
basis from 27 May 2017 to 19 August 2019 with the PBC’s benchmark interest rate for loan during the same period as the standard;
USD2,459,090.91 from August 20, 2019 to the actual payment day with the quoted interest rate of the loan market issued by the
national inter-bank offer center as the standard; the year shall have 365 days) under the Purchase Order with the goods payment
USD2.75 million;
(5) Other claims of the plaintiff (BOE Technology (HK) Limited) shall be rejected.
If the defendant LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LETV Holdings (Beijing) Co., Ltd. fails to
fulfill their payment obligation as scheduled in the judgment, the Defendant shall pay the double debt interests during the delayed
period according to Article 253 of Civil Procedure Law of the People’s Republic of China.
The litigation fee was RMB1,465,371.63, of which, RMB5,371.63 shall be paid by the plaintiff BOE Technology (HK) Limited
(already paid), and RMB1.46 million shall be jointly burdened by LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd.
and LETV Holdings (Beijing) Co., Ltd. (payment within 7 days after the judgment took effect); the preservation fee was RMB5000,



                                                                                                                                    7
BOE Technology Group Co., Ltd.                                                            Third Quarterly Report 2020 (Summary)


which shall be jointly burdened by LETV Mobile Intelligent Information Technology (Beijing) Co., Ltd. and LETV Holdings (Beijing)
Co., Ltd. (payment within 7 days after the judgment took effect).
On 17 March 2020, BOE Technology (HK) Limited received the petition for appeal submitted by LETV Holdings (Beijing) Co., Ltd. to
the court. LETV Holdings (Beijing) Co., Ltd. failed to pay the fee for the appeal it had instituted. On 8 July 2020, the Supreme
People’s Court ruled that the appellant LETV Holdings (Beijing) Co., Ltd. was deemed to have withdrawn its appeal and that the
first-instance judgment take into effect upon its arrival to the appellant. BOE Technology (HK) Limited has filed an Application for
Enforcement to Beijing Higher People’s Court, and the court has accepted the application for further handling. The Company has
calculated corresponding bad-debt provision for the account receivables equaling the above-mentioned claimed amount according to
the accounting standards, which has uncertain influence on the Company.
3. On 29 August 2020, the Company disclosed the Announcement No. 2020-047 on the Resolutions of the 15th Meeting of the 9th
Board of Directors, the Plan for the Grant of Share Options and Restricted Shares for 2020 and other relevant announcements. As
such, the Company intended to carry out an equity incentive plan, which would comprise a share option incentive and a restricted
share incentive. The shares needed would be sourced from RMB-denominated ordinary shares (A-shares) of the Company
repurchased from the secondary market. The total shares under the plan would not exceed 981,150,000 shares, which included
639,900,000 share options and 341,250,000 restricted shares, together representing around 2.82% of the Company’s total share
capital of 34,798,398,763 shares at the time when the draft of the equity incentive plan was disclosed in an announcement. The share
option and restricted share incentive plan of 2020 is still subject to approval of the State-Owned Assets Supervision and
Administration Commission of People’s Government of Beijing Municipality and of the Company’s general meeting.

                          Summary of the significant event                              Date of disclosure      Index to disclosure

Announcement on the Acquisition of a 16.67% Interest in BEHC Industrial
                                                                                    24 July 2020               www.cninfo.com.cn
Investment from NAURA & the Related-Party Transaction

Announcement on the Intension to Acquire Interests in Nanjing CEC Panda FPD
                                                                                    24 September 2020          www.cninfo.com.cn
Technology Co., Ltd. and Chengdu CEC Panda Display Technology Co., Ltd.

Progress of any share repurchase:
√ Applicable □ Not applicable
Following the approval of the Proposal on the Repurchase of Certain Public Shares at the 15th Meeting of the 9th Board of Directors,
the Company disclosed the Announcement No. 2020-049 on the Plan for the Repurchase of Certain Public Shares dated 29 August
2020. The Company carried out the first repurchase on 2 September 2020 and disclosed the Announcement No. 2020-056 on the First
Repurchase of Certain Public Shares dated 3 September 2020. On 4 September 2020, the Company disclosed the Announcement No.
2020-057 on Progress of the Repurchase of Certain Public Shares and the Announcement No. 2020-058 on the Completion of the
Share Repurchase Plan & the Repurchase Results. As such, as of 3 September 2020, the Company repurchased, through its securities
account for repurchase and by way of centralized bidding, a total of 349,999,933 A-shares, accounting for approximately 1.03% of
the Company’s total A-shares and approximately 1.01% of the Company’s total shares. With the highest trading price being
RMB5.79/share and the lowest being RMB5.54/share, this repurchase cost a total of RMB1,998,774,693.72 (including commissions
and other fixed fees). As such, the number of shares repurchased reached the upper limit of the repurchase plan, marking the
completion of the implementation of the plan.

Progress of any reduction of the repurchased shares through centralized bidding:

□ Applicable √ Not applicable




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                                                                   BOE Technology Group Co., Ltd.                                                              Third Quarterly Report 2020 (Summary)


      III Commitments that the Company’s Actual Controller, Shareholders, Related Parties, Acquirers, the Company Itself or Other Parties,
      Failed to Fulfill on Time during the Reporting Period

      √ Applicable □ Not applicable

                                                                                                                                                                            Date of
                                                 Type of                                                                                                                                   Term of
         Commitment               Promisor                                                          Details of commitment                                               commitment                        Fulfillment
                                             commitment                                                                                                                                   commitment
                                                                                                                                                                            making

Commitments made in share
                              -              -             -                                                                                                            -             -                   -
reform

Commitments made in
acquisition documents or
                              -              -             -                                                                                                            -             -                   -
shareholding alteration
documents

Commitments made in time
                              -              -             -                                                                                                            -             -                   -
of asset restructuring

Commitment made in IPO
                              -              -             -                                                                                                            -             -                   -
or refinancing

Commitment made in stock
                              -              -             -                                                                                                            -             -                   -
ownership incentive

                                                           According to the Announcement on the Commitment of Part of Directors, Supervisors and Senior                               During the term
                                                           Managers Not to Reduce Shareholding of the Company disclosed on 22 February 2020                                           as director,
                              Part of
                                                           (Announcement No.: 2020-001), the Company’s directors, supervisors and senior managers, based on                          supervisor or
                              directors,
                                                           their confidence in the Company’s future development and their recognition of the corporate value,                        senior manager,
Other commitments made to supervisors        Other                                                                                                                      21 February
                                                           promise not to reduce or transfer any shares held in BOE (A shares), not to entrust others to manage                       and in six months Ongoing
minority shareholders         and senior     commitment                                                                                                                 2020
                                                           specific shares, not to authorize others to execute their voting right by means of any agreement, trust or                 after the
                              managers of
                                                           other arrangements and not to require the Company to repurchase any specific shares during the terms                       expiration of the
                              the Company
                                                           of office and within 6 months after their tenures expire so as to promote the Company’s continuous,                       term (the term
                                                           stable and healthy development and maintain the rights and interests of the Company and all                                determined when
                                                                                                                                                                                                              9
                                                                          BOE Technology Group Co., Ltd.                                                                Third Quarterly Report 2020 (Summary)
                                                                shareholders. For any newly-added shares derived from the assignment of rights and interests including                     taking office).
                                                                the share donation and the reserved funds converted into share capital during the period (corresponding
                                                                to the specific shares), they shall still keep their promises till the commitment period expires.

   Fulfill on time or not           Yes

   Specific reasons for failing
   to fulfill commitments on
                                    None
   time and plans for next step
   (if any)


         IV Financial Investments

         1. Securities Investments

         √ Applicable □ Not applicable
                                                                                                                                                                                                           Unit: RMB

                                                                                             Gain/loss on      Cumulative       Purchased
                                                             Accounting        Opening                                                                          Gain/loss in    Closing
    Type of       Code of         Name of       Initial                                        fair-value       fair-value         in the       Sold in the                                    Accounting        Funding
                                                             measurement       carrying                                                                         the current     carrying
   securities    securities    securities investment cost                                    changes in the changes through       current      current period                                      title          source
                                                               method          amount                                                                               period      amount
                                                                                             current period       equity          period

                                                                                                                                                                                             Other equity
Domestic and                  Electronic                     Fair value
                 SH600658                    90,160,428.00                   72,585,692.00            0.00    -15,375,169.00            0.00            0.00 1,842,137.00 74,785,259.00 instrument              Self-funded
overseas stock                Zone                           method
                                                                                                                                                                                             investment

                                                                                                                                                                                             Other equity
Domestic and                  Bank of                        Fair value
                 HK01963                    120,084,375.00                  105,407,103.00            0.00    -31,306,873.00            0.00            0.00 5,877,804.00 88,777,502.00 instrument              Self-funded
overseas stock                Chongqing                      method
                                                                                                                                                                                             investment

                                                                                                                                                                                             Other equity
Domestic and                  China                          Fair value
                 HK06066                     70,041,364.00                   68,545,920.00            0.00       6,144,610.00           0.00 70,041,364.00               0.00          0.00 instrument          Self-funded
overseas stock                Securities                     method
                                                                                                                                                                                             investment

                                                                                                                                                                                                                  10
                                                                               BOE Technology Group Co., Ltd.                                                         Third Quarterly Report 2020 (Summary)

                                 New                                                                                                                                                           Other equity
Domestic and                                                      Fair value
                  HK01518 Century               140,848,850.00                    53,586,259.00             0.00 -122,572,847.00          0.00          0.00          0.00 18,276,003.00 instrument              Self-funded
overseas stock                                                    method
                                 Healthcare                                                                                                                                                    investment

Other securities investments held at the
                                                          0.00         --                   0.00            0.00             0.00         0.00          0.00          0.00              0.00            --                 --
period-end

Total                                           421,135,017.00         --        300,124,974.00             0.00 -163,110,279.00          0.00 70,041,364.00 7,719,941.00 181,838,764.00                --                 --

Disclosure date of the announcement
about the board’s consent for the              N/A
securities investment

Disclosure date of the announcement
about the general meeting’s consent for        N/A
the securities investment (if any)


          2. Investments in Derivative Financial Instruments

          √ Applicable □ Not applicable
                                                                                                                                                                                                  Unit: RMB’0,000

                                                                                                                                                                                            Ending
                                                                                                                                     Purchased                                             investment        Actual
                         Relationship Related-party                            Initial                                                             Sold in      Impairment
             Operating                                     Type of                                                       Beginning      in                                     Ending      as % of the gain/loss in
                           with the      transaction                        investment Beginning date Ending date                                Reporting      allowance
               party                                      derivative                                                     investment Reporting                                investment Company’s Reporting
                          Company             or not                           amount                                                              Period        (if any)
                                                                                                                                      Period                                               ending net        Period
                                                                                                                                                                                               assets

                                                       Foreign
          Financial      Not a                         exchange                                           30 September
                                       No                                      78,133.44 1 January 2020                  78,133.44 134,273.58       92,617.36               - 119,789.66         0.78%         683.17
          institutions related party                   forwards                                           2020
                                                       contract

          Total                                                                78,133.44       --                --      78,133.44 134,273.58       92,617.36               - 119,789.66         0.78%         683.17
                                                                                                                                                                                                                      11
                                                                  BOE Technology Group Co., Ltd.                                                             Third Quarterly Report 2020 (Summary)

Funding source                                                  Self-funded

Legal matters involved (if applicable)                          N/A

                                                                As of the end of the reporting period, the financial derivatives held by the company are foreign exchange forward contracts, and the
Analysis of risks and control measures associated with
                                                                risks faced are related to the uncertainty of the foreign exchange market in the future. The company's control measures for the financial
derivative investments held in            Reporting Period
                                                                derivatives are as follows: the company controls the types of derivative transactions, reasonably matches the scale of derivative
(including but not limited to market risk, liquidity risk,
                                                                transactions, and the transactions must match the company's production, operation and development planning, mainly for the purpose
credit risk, operational risk, legal risk, etc.)
                                                                of cost locking and risk prevention.

Changes in market prices or fair value of derivative
investments in Reporting Period (fair value analysis The fair value of the invested derivatives at the end of the reporting period shall be determined by reference to the market quotation of
should include measurement method and related the external financial institutions.
assumptions and parameters)

Major changes in accounting policies and specific
accounting principles adopted for derivative investments No major changes
in Reporting Period compared to last reporting period

Opinion     of   independent      directors   on   derivative
                                                                N/A
investments and risk control




                                                                                                                                                                                                      12
  BOE Technology Group Co., Ltd.                                                                Third Quarterly Report 2020 (Summary)




  V Progress of Projects Financed with Raised Funds

  √ Applicable □ Not applicable
                                                                                                                           Unit: RMB’0,000

                                                                                      Total investment of raised funds in
Amount of raised funds (Note 1)                             1,392,266                                                        646,796
                                                                                      the Reporting Period

Amount with usage changed of raised funds during the
                                                            ——
Reporting Period

Accumulative amount with usage changed of raised                                      Total accumulative investment of
                                                            ——                                                             1,392,266
funds                                                                                 raised funds

Proportion of total accumulative amount with usage
                                                            0%
changed of raised funds

                                                 Total           Total
                              Projects has                                              Accumulative         Progress of      Whether major
                                               committed investment
  Committed investment      been changed or                              Investment in investment as of investment as of        changes occur
                                               investment        after
          projects           not (including                                  Q1-Q3     the period-end the period-end (3)            in project
                                                of raised   adjustment
                            partial changes)                                                   (2)            =(2)/(1)            feasibility
                                                 funds            (1)

19BOEY1

Capital increase to
                            No                 450,000      445,600      50,130       445,600           100%                 ——
subsidiries

Repayment                   No                 350,000      350,000      -            350,000           100%                 ——

Subtotal of committed investment projects      800,000      795,600      50,130       795,600           100%                 ——

20BOEY1

Capital increase to
                            No                 200,000      198,900      198,900      198,900           100%                 ——
subsidiries

Subtotal of committed investment projects      200,000      198,900      198,900      198,900           100%                 ——

20BOEY2

Capital increase to
                            No                 200,000      198,878      198,878      198,878           100%                 ——
subsidiries

Subtotal of committed investment projects      200,000      198,878      198,878      198,878           100%                 ——

20BOEY3

Capital increase to
                            No                 180,000      180,000      180,000      180,000           100%                 ——
subsidiries

Supplement to working
                            No                 20,000       18,888       18,888       18,888            100%                 ——
capital

Subtotal of committed investment projects      200,000      198,888      198,888      198,888           -                    ——



                                                                                                                                           13
  BOE Technology Group Co., Ltd.                                                           Third Quarterly Report 2020 (Summary)


Total committed investment projects            1,400,000 1,392,266    646,796      1,392,266         -                 ——

Situation and reasons for not meeting schemed progress
                                                          No
or anticipated income

Note to major changes in project feasibility              No

Amount, usage and progress of over-raised funds           No

Changes in implementation place of projects financed
                                                          No
with raised funds

Adjustment of implementation method of projects
                                                          No
financed with raised funds

                                                          As of 30 September 2020, the Company has replaced RMB4,515 million of
                                                          up-front investment of committed investment projects by raised funds, of which
                                                          RMB785 million was replaced for up-front investment projects of raised funds
Up-front investment and replacement of projects           by 2019 initial renewable corporation bonds, RMB1,600 million was replaced
financed with raised funds                                for up-front investment projects of raised funds by 2020 first renewable
                                                          corporation bonds, and RMB1,200 million was replaced by 2020 second
                                                          corporation bonds and RMB930 million was replaced by 2020 third corporation
                                                          bonds.

Supplement to working capital temporarily by idle
                                                          No
raised funds

Surplus amount of raised funds for projects and reasons No

Usage and destination for unused raised funds             No

Problems or others when using raised funds and
                                                          No
disclosing

  Note 1: The amount of raised funds was the net amount after the total amount of raised funds by renewable corporation bonds
  through public issue deducting issuances cost (tax inclusive).


  VI 2020 Annual Operating Performance Forecast

  Warning of a forecast loss on or a forecast significant year-on-year change in the 2020 annual net profit, as well as explanation of
  why:
  □ Applicable √ Not applicable


  VII Significant Contracts Arising from the Company’s Ordinary Course of Business

  □ Applicable √ Not applicable


  VIII Cash Entrusted for Wealth Management

  √ Applicable □ Not applicable




                                                                                                                                   14
BOE Technology Group Co., Ltd.                                                        Third Quarterly Report 2020 (Summary)


                                                                                                                Unit: RMB’0,000

                                                                                                            Unrecovered overdue
                     Type                       Funding source              Amount          Undue amount
                                                                                                                  amount

Bank’s wealth management product and
                                         Self-funded                              716,300        329,937                      0
structured deposit

Total                                                                             716,300        329,937                      0

High-risk wealth management transactions with a significant single amount, or with low security, low liquidity or no principal
protection:
√ Applicable □ Not applicable
Wealth management transactions with possible impairments including an expectedly unrecoverable principal:
□ Applicable √ Not applicable


IX Irregularities in the Provision of Guarantees

□ Applicable √ Not applicable
No such cases in the Reporting Period.


X Occupation of the Company’s Capital by the Controlling Shareholder or any of Its Related
Parties for Non-Operating Purposes

□ Applicable √ Not applicable
No such cases in the Reporting Period.




                                                                                                                              15
   BOE Technology Group Co., Ltd.                                                                      Third Quarterly Report 2020 (Summary)




   XI Communications with the Investment Community such as Researches, Inquiries and
   Interviews Received during the Reporting Period

   √ Applicable □ Not applicable

                                                                                                                    Major
                                                    Type of                                                       discussion        Index to main
                                     Way of
       Date        Place                        communication            Communication party                      content and        information
                               communication
                                                     party                                                        information       communicated
                                                                                                                   provided

                                                                China       Re      Asset,      China     Post
                                                                Securities, China Post Fund, China
                                                                Yingli, BOC International Securities,
                                                                ZTC, CITIC Securities, CITIC New
                                                                Future Fund, CITIC Holdings, China
                                                                Securities, China Fund, Zhong Ou
                                                                AMC, CICC, AVIC Fund, Fortune
                                                                Growth            Captial,         Changjiang
                                                                Securities,       Yinhua      Fund,      CGS,
                                                                Galaxy AMC, Evalueserve, Yansheng 1. 2020
                                                                Investment,  Asia-Pacific   P&C, semi-annual
                                                                Xingzheng Securities, Sinvo Fund, performance of
                                                                New China Fund, Southwest the Company
                                                                Securities,       Minmetals         Securities, and main
              Technology                                        Wanlian           Securities,        DayLing situation of the
              Innovation                                        (Beijing) Investment Management, industry;
1 September   Centre and                                        Tianhong         Fund,      Tian    An    Life, 2. Main          For details, see
                               One-site visit   Institutions
2020          Meeting Room                                      Taikang       Management,            Manulife operating          www.cninfo.com.cn
              of the                                            Teda, Shenzhen Dongfangjunzheng information of
              Company                                           Capitals,     Social        Security     Fund, the Company;
                                                                Shanghai           Lengze          Investment, 3. Innovations
                                                                Kingdom          Capital,    Credit      Suisse of technology
                                                                Founder       Securities,       PICC,     First and products;
                                                                Seafront Fund, Ping An Securities, 4. Future
                                                                Ping        An       Haiguo          (Beijing) strategy layout
                                                                Management, Pengyang AMC, ABC
                                                                Life, Minsheng Securities, Minsheng
                                                                Royal Fund, Kaiyuan Securities,
                                                                Genharmony, JT Asset, Greenwoods
                                                                Asset, Jingjing Investment, Jiangxin
                                                                Fund, CCB Principle, Harvest Fund,
                                                                JYAH Asset, HSBC Jintrust, HSBC
                                                                Securities, China Everwin Asset,
                                                                Huaxi Securities, Huatai Securities,


                                                                                                                                                16
   BOE Technology Group Co., Ltd.                                                              Third Quarterly Report 2020 (Summary)


                                                        Huashang Fund, Huarong Securities,
                                                        Huajin      Kaiyuan,        Hua         Chuang
                                                        Securities,       Hongta           Securities,
                                                        Sequoia       Capital,      Union        Asset,
                                                        Guosen Securities, Guotai Junan,
                                                        China      Life         AMP,       Guosheng
                                                        Securities, Guolian Securities, Gfund
                                                        Management, Guohou AMC, Guodu
                                                        Securities, GF Securities, GF Fund,
                                                        Fengpei          Investment,            Fenghe
                                                        Zhengqin, Founder Securities, Orient
                                                        Securities, Orient Fund, Dong’an
                                                        Investment, Tebon Securities, Damu
                                                        Capital, Dajia Asset, Broad Fund,
                                                        Beixin Ruifeng Fund, Wenboqisheng
                                                        Investment,              Tagee            Asset
                                                        Management, Starock Investment,
                                                        Beijing     Runda        Sheng’an        Asset
                                                        Management, Beijing Huairang Asset
                                                        Management,           Beijing          Richland
                                                        Capital Management, Haiyan Capital
                                                        Mangement, Beijing Chenjun Asset
                                                        Management,             Beijing        Baiquan
                                                        Huizhong Investment, Macau Qixin
                                                        Belt and Road Industrial Fund

                                                        Zundao        Assets,     ZKI      Insurance,
                                                        Chongqing Boyong Funds, China Re
                                                        Asset, China Post Securities, China
                                                        Post Life Insurance, China Post
                                                                                                          1. Main
                                                        Funds,        BOC          Funds,         BOC
                                                                                                          situation of the
                                                        International         Securities,         BOC
                                                                                                          industry;
                                                        International,           China          Galaxy
                                                                                                          2. Main
                                                        International,          Generali         China,
                                                                                                          operating
                                                        Generali          Asset,          Zhongxuan
24 September                                                                                              information of     For details, see
               Teleconference By phone   Institutions   Investment        Management,            CITIC
2020                                                                                                      the Company;       www.cninfo.com.cn
                                                        Capital, CITIC Securities, China
                                                                                                          3. The
                                                        Securities,      China      Fund,        CITIC
                                                                                                          Company’s
                                                        Prudential, CITIC Prudential Fund,
                                                                                                          participation in
                                                        Zhongtai Securities, Zhong Rong Hui
                                                                                                          industrial
                                                        Xin        Futures,         Zhongrongding
                                                                                                          consolidation
                                                        Investment,       Zhong           Ou      Asset
                                                        Management, CS Richland Asset,
                                                        CICC Asset Management, CICC,
                                                        Bank Of Beijing Scotiabank Asset


                                                                                                                                            17
BOE Technology Group Co., Ltd.                                       Third Quarterly Report 2020 (Summary)


                                 Management, AVIC Fund, China Life
                                 Asset Management, PICC, CSIC
                                 Finance Company, FGC, Zheshang
                                 Securities, Zhejiang Yisheng Asset
                                 Management, China Merchants Fund,
                                 Changxin Fund, Changsheng Fund,
                                 Changjiang Securities, Changjiang
                                 Pension       Insurance,      Great     Wall
                                 Securities,      Great       Wall      Glory
                                 Securities,      Yunshan        Investment,
                                 Yuanhao Capital, COWIN, Winsure
                                 Capital, AIA Asset Management,
                                 Yourong Asset, Maxwealth Fund,
                                 Infore Capital, Yingda Securities,
                                 Yinhua        Fund,        China      Galaxy
                                 Securities, Galaxy AMC, Flying
                                 Tiger,     Evalueserve,       Evalueserve,
                                 Nomura        Securities     Hong      Kong,
                                 Nomura          Orient        International
                                 Securities,     API P&C, Xunchang
                                 Investment,       Xuanbu        Investment,
                                 Industrial         Securities          Asset
                                 Management,            Xingyin         Fund,
                                 Industrial     Securities,    CIB      Fund,
                                 Starlux         Investments,           Cinda
                                 Securities,           Xinyuan          Asset
                                 Management,        Sinvo      Fund,     New
                                 Times      Securities,       New       Power
                                 Capital,       New         China       Assets
                                 Management, New China Asset,
                                 Xishan Capital, Southwest Securities,
                                 Tibet     Eastmoney        Fund,    Western
                                 Securities, Western Leadbank Fund,
                                 Winning Ventures, Windsor Capital,
                                 Future Assets, Wanjia Asset, Tongtai
                                 AMC, Tongben Investment, China
                                 Nature Asset Management, Tiansun
                                 Investment,           Tianhong         Asset
                                 Management, Tianfeng Securities,
                                 Skywind       International, Tianchong
                                 Capital, Tianan Life, Tianan Property
                                 Insurance, First-trust Fund, Taikang
                                 Asset Management, Manulife TEDA
                                 Fund,      Taiping       Asset,       Taiping


                                                                                                       18
BOE Technology Group Co., Ltd.                                       Third Quarterly Report 2020 (Summary)


                                 Pension,      Timewise       International
                                 Capital Corporation, Shunfeng Asset,
                                 Capital     Securities,     Mega      Trust
                                 Investment, Rock Bay Investment,
                                 Shicheng        Holding,          Shenzhen
                                 Zhengyuan       Investment,       Shenzhen
                                 Xinran         Asset        Management,
                                 ShenZhen        Wukong        Investment,
                                 Shenzhen Spruces Capital, Shenzhen
                                 Zhicheng        Haiwei        Investment,
                                 Shenzhen        Rongshu          Investment
                                 Management, Shenzhen Hongchou
                                 Investment, Shenzhen Shandao IMC,
                                 Shenzhen Shanshi Fund, ShenZhen
                                 QianHai Hawking Capital, Shenzhen
                                 Longteng         Assets,          Shenzhen
                                 KingTower,            Shenzhen       Jinyou
                                 Chuangzhi        Asset      Management,
                                 Shenzhen        Guanghuiyuan          Asset
                                 Management,           Shenzhen     Hillview
                                 Capital      Management,          Shenzhen
                                 Orient          Junzheng            Capital
                                 Management, Shenwan Hongyuan
                                 Securities, Shanghai Jurassic Asset
                                 Management,            Shanghai      SHCB
                                 Investment Management, Shanghai
                                 Ztcapital     Management,          Shanghai
                                 Yinshi        Capital       Management,
                                 Shanghai         Yijinghui          Capital
                                 Management, Shanghai Sunsource
                                 Investment, Shanghai Top Capital
                                 Management,            Shanghai      Tanyi,
                                 Shanghai        Elegant       Investment,
                                 Shanghai          Hawthorn            Asset
                                 Management, Shanghai Qunbo Asset
                                 Management,           Shanghai      Mingyu
                                 Asset       Management,            Shanghai
                                 Intewise Capital, Shanghai Kingsun
                                 Investment Management, Shanghai
                                 Trend      Capital,     Shanghai     Hanpu
                                 Investment,       Shanghai          Guoxin
                                 Investment, Shanghai Dingling Asset
                                 Management,           Shanghai      Biaopu
                                 Investment, Sumitomo Mitsui DS


                                                                                                       19
BOE Technology Group Co., Ltd.                                           Third Quarterly Report 2020 (Summary)


                                 Asset Management, Credit Suisse
                                 Founder Securities, Credit Suisse
                                 Founder, PICC Asset Management,
                                 Shanghai Quanli Asset Management,
                                 Shanghai         Knight          Investment,
                                 Qingdao Anzhi Capital, First Qianhai
                                 Fund, Cloud Alpha, Pearl Investment,
                                 Zhiling Sanlian Asset Management,
                                 Ping An Asset Management, Ping An
                                 Securities,      Ping       An          Pension
                                 Insurance, Pengyang Fund, Panjing
                                 Investment, Lord Abbett China Asset
                                 Management, ABC Life, ABC-CA
                                 Fund, Ningbo Yuehai Xiehe Asset
                                 Management, Nixi Capital, Monita
                                 Research, Minya Fund, DIB Asset,
                                 Mingyu Asset, Minsheng Securities
                                 Investment Department, Minsheng
                                 Securities,        Minsheng              Trust,
                                 Minsheng Royal Fund, Macquarie
                                 Securities,     Longwin          Investment,
                                 Long Hang Assets, Lowrisk Asset,
                                 Commando Capital, V. Stone Fund,
                                 Kaiding        Investment,           Kaiyuan
                                 Securities,     J.K.    Life,      JT     Asset
                                 Management, Invesco Great Wall,
                                 Greenwoods, Goldstate Securities,
                                 Golden        Eagle     Fund,        BOCOM
                                 Schroder Fund, Winfast Holding,
                                 Kiingsun Investment, CCB Pension
                                 Management, CCB Investment, CCB
                                 Wealth, Harvest Fund, Co-Stone
                                 Asset,     HSBC          Jinxin,        HSBC,
                                 High-flyer Quant, Huaxia Bank Asset
                                 Management         Department,          Huaxia
                                 Future Investment, Huaxi Securities,
                                 Huatai Securities Asset Management,
                                 Huatai Securities, Huatai Baoxing
                                 Fund, Huashang Fund, CR Yuanta
                                 Fund, Huarong Securities, Huaneng
                                 Trust,    Huajin       Securities,       Harfor
                                 Fund,         Huachuang            Securities
                                 Self-support, Huachuang Securities,
                                 Mirae Asset, Hwabao WP Fund,


                                                                                                           20
BOE Technology Group Co., Ltd.                                         Third Quarterly Report 2020 (Summary)


                                 Hubei Dingfeng Asset, Hongsheng
                                 Asset, Honghu Investment, Hongde
                                 Fund,         Hongdao           Investment,
                                 Honggang Asset, Hongyi Horizon
                                 Fund, HSAM, Hengyuan Capital,
                                 Hang Seng Qianhai Fund, Heng An
                                 Standard Life, Union Asset, KWG
                                 Group       Holdings,         Juji      Asset,
                                 Hangzhou Hao Sheng Investment,
                                 Hangzhou Gufu Asset Management,
                                 Korea          Investment,            Haitong
                                 Securities,       Guoyuan          Securities,
                                 Guosen        Securities,     UBS       SDIC,
                                 Guotai      Junan        Securities      Asset
                                 Management,              Guotai          Junan
                                 Securities,          Guotai              Junan
                                 International. Guotai Junan, China
                                 Life AMP, Guosheng Securities,
                                 Guolian       Securities,     CPIC       Fund,
                                 Guohua Life, Sealand Securities,
                                 Guangzhou           Xuanyuan             Asset
                                 Management, Hui Chuang Fu Xiang,
                                 Red Cat Asset, Guangyin Wealth
                                 Management, GF Securities, GF
                                 Fund, Everbright Securities, Sun Life
                                 Everbright        Asset       Management,
                                 Everbright          PGIM,              Everest
                                 Investment, Gaozheng Investment,
                                 Goldman         Sachs,      Fuxi       Capital,
                                 Full-Good Investment, Fusion Fund,
                                 Fupei          Investment,            Fengpei
                                 Investment,         Fenghe         Zhengqin,
                                 Fengcang        Fund,       Founder      Asset
                                 Management,         Founder          Securities
                                 Asset         Management,             Founder
                                 Securities, Founder Fubon Fund,
                                 Fangyuan          Fund,       DH         Fund
                                 Management, Dongxing Securities,
                                 Soochow Securities, Soochow Fund,
                                 Donghai            Securities            Asset
                                 Management, Donghai Fund, Orient
                                 Securities,      Eastmoney         Securities,
                                 Northeast      Securities      Self-support,
                                 Northeast Securities, Dingcheng Life,


                                                                                                         21
   BOE Technology Group Co., Ltd.                                                          Third Quarterly Report 2020 (Summary)


                                                        Diecai Asset, DJ Asset, Elephant
                                                        Asset, Dajia Asset, Pureking Fund,
                                                        TryValue        Asset       Management,
                                                        Chuancai        Securities,        Chengsi
                                                        Investment,      Caitong         Securities,
                                                        Fortune Securities, Brilliance Capital,
                                                        Boze Asset, Boyuan Fund, Bosera
                                                        Asset, Bodu Investment, Broad Fund,
                                                        Botong Investment, Beixin Ruifeng
                                                        Fund, Beijing ZhiKai Investment,
                                                        Beijing       Yunchengtai,          Beijing
                                                        Yongyuan Antai, Beijing Yan Hnag
                                                        Investment,     Beijing        International
                                                        Trust,     Beijing        WenboQisheng
                                                        Investment,        Beijing          Taozhu
                                                        Investment,       Beijing        Shennong
                                                        Capital, Beijing Forest Lake Assets,
                                                        Beijing       Rundasheng’an          Asset
                                                        Management,         Beijing        Qingtian
                                                        Puruiming       Capital     Management,
                                                        Beijing     Heju        Asset,       HZPH
                                                        Investment,        Beijing          Gushan
                                                        Investment, Beijing Dingsa Fund,
                                                        Beijing     Chengyang          Investment,
                                                        Beijing    Chengsheng           Investment,
                                                        Power Pacific, Oscar and Partners
                                                        Capital, Essence Securities Asset
                                                        Management Department, Essence
                                                        Funds,     TX      Capital,      Sherwood
                                                        capital , RWC Partners, Q Fund
                                                        Management,             PAG,        OPPO,
                                                        Oppenheimer&Co , Octo Rivers AM,
                                                        Oberweis      Asset       Mgt,     Morgan
                                                        Stanley, Mighty Divine, Inventio
                                                        Capital, eFusion Capital, Cyber atlas
                                                        capital, Bank of America , Aspex,
                                                        Acuity knowledge partner

                                                                                                       1. Main
                                                                                                       situation of the
                                                                                                       industry;
25 September                                                                                                              For details, see
               Teleconference By phone   Institutions   Orient Securities Asset Management 2. Main
2020                                                                                                                      www.cninfo.com.cn
                                                                                                       operating
                                                                                                       information of
                                                                                                       the Company;


                                                                                                                                         22
BOE Technology Group Co., Ltd.                           Third Quarterly Report 2020 (Summary)


                                                                3. Innovations
                                                                of technology
                                                                and products;
                                                                4. Future
                                                                strategy layout




                                           Chairman of the Board (signature): Chen Yanshun


                                 Date of the Board’s approval of this Report: 29 October 2020




                                                                                           23