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 NotesThis 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 disclosedtogether 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 applicableBonus 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 misunderstandingsbetween 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 | |
| Office Address | 12 Xihuan Middle Road, Beijing Economic-Technological Development Area, P.R.China | 12 Xihuan Middle Road, Beijing Economic-Technological Development Area, P.R.China | |
| Fax | 010-64366264 | 010-64366264 | |
| Tel. | 010-64318888 ext. | 010-64318888 ext. | |
| E-mail address | liuhongfeng@boe.com.cn | luowenjie@boe.com.cn | |
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 forinformation 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 advantageof "screen" to integrate screens into more market segments and application scenarios by integrating more functions and deriving moreforms. By doing so, BOE will realize the user perception revolution of "screen as terminal" in the digital era, build an industrial ecologyof "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 newdevelopment pattern."1" represents semiconductor display, which is the core capacity and quality resources accumulated by BOE, as well as the source andorigin 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, aswell as the four main fronts of the Company's IoT transformation, namely the IoT Innovation business, the Sensor business, the MLEDbusiness 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 specificfocus of the Company's IoT transformation development.“Ecosystem” is an industrial ecological development circle constructed by the Company in collaboration with many partners and byaggregating 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 interfacedevices applying TFT-LCD, AMOLED, Microdisplay and other technologies, focusing on providing customers with high-qualitydisplay 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/ARdevices, etc.
2. The IoT Innovation business
The IoT Innovation business offers integrated design and manufacturing services for system solutions, and provides customers withcompetitive smart terminal products for TVs, monitors, laptops, tablets, low-power devices, IoT, 3D display, etc. Backed by AI andbig data technologies, it focuses on products and services combining hardware and software, providing integrated IoT solutions forsegments 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 withdesign and manufacturing of sensor devices and system solution services, with specific products and solutions including back platesfor flat panel X-ray detectors (FPXD), digital microfluidic chips, intelligent PDLC glass and PDLC system solutions, fingerprintidentification 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 theseproducts are designed and manufactured in an integrated manner.
5. The Smart Medical Engineering business
The Smart Medical Engineering business adopts the professional service model to combine technologies with medicine and integratemedicine and engineering with innovation, so as to provide people-oriented services for families, communities and hospitals. It connectstesting equipment, healthcare workers and customers through the health IoT platform to build a smart health management ecosystemwhere 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 differentindustries, 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 □ NoReason for retrospective restatement:
Change of accounting policy.
Unit: RMB
| Item | 31 December 2022 | 31 December 2021 | Change of 31 December 2022 over 31 December 2021 (%) | 31 December 2020 | ||
| 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 listed company’s shareholders | 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 |
| Item | 2022 | 2021 | 2022-over-2021 change (%) | 2020 | ||
| 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 listed company’s shareholders | 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 |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses | -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 |
| Net cash generated from/used in operating activities | 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 |
| Basic earnings per share (RMB/share) | 0.19 | 0.71 | 0.71 | -73.24% | 0.13 | 0.13 |
| Diluted earnings | -- | 0.71 | 0.71 | -- | 0.13 | 0.13 |
| 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 theMinistry of Finance, the Group implemented the relevant provisions and retrospectively adjusted the relevant items of the financialstatements at the beginning of the year and the same period of the previous year, and the above changes in accounting policies had nosignificant 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 shareholders | 4,388,727,184.00 | 2,206,934,554.00 | -1,304,557,522.00 | 2,259,773,574.00 |
| Net profit attributable to the listed company’s shareholders before exceptional gains and losses | 3,511,402,963.00 | 728,053,130.00 | -2,688,031,763.00 | -3,780,076,491.00 |
| Net cash generated from/used in operating activities | 14,755,368,710.00 | 13,356,631,955.00 | 2,918,435,636.00 | 11,991,531,004.00 |
Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs materially from whathave 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 asHoldings of Top 10 Shareholders
Unit: share
| Number of ordinary shareholders at the period-end | 1,545,309 (including 1,512,990 A-shareholders and 32,319 B-shareholders) | Number of ordinary shareholders at the month-end prior to the disclosure of this Report | 1,408,195（including 1,375,930 A-shareholders and 32,265 B-shareholders） | ||||
| Top 10 shareholders | |||||||
| Name of shareholder | Nature of shareholder | Shareholding percentage | Total shares held at the period-end | Restricted shares held | Shares in pledge, marked or frozen | ||
| Status | Shares | ||||||
| Beijing State-owned Capital Operation and Management Company Limited | State-owned legal person | 10.64% | 4,063,333,333 | 0 | N/A | 0 | |
| Hong Kong Securities Clearing Company Ltd. | Foreign legal person | 3.80% | 1,450,193,281 | 0 | N/A | 0 | |
| Beijing BOE Investment & Development Co., | State-owned | 2.15% | 822,092,180 | 0 | N/A | 0 | |
| Ltd. | legal person | |||||
| Beijing Jing Guorui Soe Reform and Development Fund (L.P.) | Other | 1.88% | 718,132,854 | 718,132,854 | N/A | 0 |
| Hefei Jianxiang Investment Co., Ltd. | State-owned legal person | 1.74% | 666,195,772 | 0 | N/A | 0 |
| Fuqing Huirong Venture Capital Co., Ltd. | Domestic non-state-owned legal person | 1.40% | 533,984,340 | 0 | N/A | 0 |
| Ningxia Risheng High-tech Industry Co., Ltd. | Domestic non-state-owned legal person | 0.92% | 350,925,766 | 0 | N/A | 0 |
| Sinatay Life Insurance Co., Ltd.-Traditional Product | Other | 0.80% | 305,330,128 | 0 | N/A | 0 |
| Beijing Yizhuang Investment Holdings Co., Ltd | State-owned legal person | 0.74% | 281,295,832 | 0 | N/A | 0 |
| Beijing Electronics Holdings Co., Ltd. | State-owned legal person | 0.72% | 273,735,583 | 0 | N/A | 0 |
| Related or acting-in-concert parties among the shareholders above | 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 disposing right and usufruct of the shares, of which the rest 30% voting right maintained unanimous with Beijing Electronics Holdings Co., Ltd. through the agreement according to Implementation Protocol of Voting Right. 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. | |||||
| Shareholders involved in securities margin trading (if any) | 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. 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 | |||||
Sinatay Life Insurance Co., Ltd.-Traditional Product were not involved insecurities 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 commonStockholders 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 atthe end of the month before the disclosure date from China Securities Depository and Clearing Corporation Limited on the disclosuredate.
(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 theCompany to implement equity incentives for its core technical and managerial personnel, who are the 20 nominal shareholders ofIntelligent 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 capitalcontribution ratios of the said 20 people are as follows: Wang Dongsheng 20%, Jiang Yukun 10%, Liang Xinqing 10%, Zhao Caiyong
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 Centertransferred its 70% stake directly held in the Company to Beijing Electronics Holding Co., Ltd. for managing through a SharesManagement Agreement, and Beijing Electronics Holding Co., Ltd. obtained the shareholder’s rights other than the disposal andearnings rights attached to the 70% stake; and Beijing State-Owned Capital Operation and Management Center agreed in a VotingRights Exercise Agreement to align itself with Beijing Electronics Holding Co., Ltd. when exercising its voting rights of the remaining30% 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 theActing-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
| Bond name | Abbr. | Bond code | Date of issue | Maturity | Balance (RMB’0,000) | Coupon rate |
| 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase III) (epidemic prevention and control bonds) | 20BOEY3 | 149108 | 24 April 2020 | 27 April 2023 | 200,000 | 3.50% |
| 2022 Public Offering of Renewable Corporate Bonds of BOE (for professional investors) (Digital Economy) (Phase I) | 22BOEY1 | 149861 | 24 March 2022 | 25 March 2025 | 200,000 | 3.50% |
| Bond redemption and interest payment during the Reporting Period | 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. The interest for the period from 27 April 2021 to 26 April 2022 on 20BOEY3 was 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 Bondsof BOE Technology Group Co., Ltd. According to the Report, the issuer was still granted with a corporate long-term credit rating ofAAA with rating outlook rated as Stable; the bond credit rating remained AAA. The Follow-up Rating Report was published onhttp://www.cninfo.com.cn/ and the website of United Ratings at www.unitedratings.com.cn on 30 May 2022.
United Credit Ratings Co., Ltd. is expected to issue the Follow-up Rating Report of the 2023 for the Renewable Corporate Bonds ofBOE Technology Group Co., Ltd. in May 2023. The Company will disclose the follow-up rating analysis report to investors onhttp://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 gains and losses | -222,865 | 2,406,736 | -109.26% |
| 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 PublicIssue of Renewable Corporate Bonds (Announcement No. 2019-052), and the Company received the No. [2019] 1801 Approval fromCSRC. Based on the approval, the Company could publicly issue the renewable corporate bonds with the nominal value no more thanRMB30 billion to qualified investors.
| Bond name | Abbr. | Bond code | Date of issue | Maturity |
| 2019 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase I) | 19BOEY1 | 112741 | 28 October 2019 | 29 October 2022 |
| 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase I) (epidemic prevention and control bonds) | 20BOEY1 | 149046 | 27 February 2020 | 28 February 2023 |
| 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase II) (epidemic prevention and control bonds) | 20BOEY2 | 149065 | 18 March 2020 | 19 March 2023 |
| 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase III) (epidemic prevention and control bonds) | 20BOEY3 | 149108 | 24 April 2020 | 27 April 2023 |
| 2022 Public Offering of Renewable Corporate Bonds of BOE (for professional investors) (Digital Economy) (Phase I) | 22BOEY1 | 149861 | 24 March 2022 | 25 March 2025 |
The Company disclosed 2022 "20BOEY1" Interest Payment Announcement (Announcement No. 2022-006) on 24 February 2022. Theinterest payment plan was RMB36.40 (including tax) every ten bonds. The Company disclosed 2022 "20BOEY2" Interest PaymentAnnouncement (Announcement No. 2022-013) on 17 March 2022. The interest payment plan was RMB35.40 (including tax) per tenbonds. 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 theAnnouncement 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 on19BOEY1 and will fully redeem the said bonds instead. On 27 October 2022, the Company disclosed the Announcement on theRedemption of Corporate Bonds “19BOEY1” with Interest & the Delisting of the Bonds (Announcement No. 2022-073). The Companywill 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 PublicOffering 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
relevant provisions of the Prospectus and the Listing Declaration, the Company decides not to exercise the renewal option of bondissuer. That is, the current bonds are to be fully redeemed. The Company disclosed the Announcement on Not Exercising the Issuer’sRenewal Option for the 2020 Public Offering of Renewable Corporate Bonds of BOE (for qualified investors) (Phase II) (epidemicprevention and control bonds) (Announcement No. 2023-002) on 31 January 2023, and the third anniversary of 20BOEY2 falls on 18March 2023. According to the relevant provisions of the Prospectus and the Listing Declaration, the Company decides not to exercisethe renewal option of bond issuer. That is, the current bonds are to be fully redeemed. As the Company disclosed the Announcementon the Redemption of the Principal and Interest of the "20BOEY1" Corporate Bonds and the De-listing of the Bonds (AnnouncementNo. 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 NotExercising 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 of20BOEY3 falls on 27 April 2023. According to the relevant provisions of the Prospectus and the Listing Declaration, the Companydecides not to exercise the renewal option of bond issuer. That is, the current bonds are to be fully redeemed. As the Company disclosedthe 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 March2023, as well as the principal of the bonds, on 20 March 2023, and de-list the bonds. The Company disclosed 2023 "22BOEY1" InterestPayment 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 whichthe Company intends to make a non-public offering of A-shares to no more than 35 specific investors including Jing Guorui Fund. Thenet 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 (announcementNo. 2021-058), along with other relevant announcements. 3,650,377,019 new shares were issued in the non-public offering, whichwere listed on the Shenzhen Stock Exchange on 20 August 2021. On 18 February 2022, the Company disclosed the SuggestiveAnnouncement 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 numberof the relieved restricted shares accounted for 8.5058% of non-restricted shares of the Company, and 7.6270% of the total share capitalof the Company. The Company disclosed the Suggestive Announcement on Relieving Restricted Non-publicly Offered A Shares in2021 (Announcement No.: 2023-004) on 17 February 2023. A total of 718,132,854 restricted shares of the Company's non-publiclyoffered A shares in 2021 were relieved on 20 February 2023 and could be traded on the market thereafter. The number of the relievedrestricted 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 Companycarried out the first repurchase on 2 September 2021 and disclosed the Announcement No. 2021-077 on the First Repurchase of SomePublic Shares on 3 September 2021. On 2 March 2022, the Company disclosed the Announcement on the Completed Implementationof 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 securitiesaccount 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 shareand the lowest transaction price of RMB4.68 per share. The total amount paid was RMB2,620,105,418.52 (including other fixedexpenses such as commissions). The above repurchase of the Company was in line with the requirements of relevant laws andregulations, as well as the established repurchase programme of the Company. The total fund of this share repurchase didn't exceed theamount proposed to be used in the repurchase programme, and the number of shares repurchased has reached the cap of shares underthe repurchase programme. So far, this share repurchase has been implemented and completed as planned.
4. Following the approval of the Proposal on the Repurchase of Domestically Listed Foreign Shares (B-shares) at the 39th Meeting ofthe 9th Board of Directors and the 2021 Annual General Meeting, the Company disclosed the Announcement No. 2022-030 on thePlan for the Repurchase of Domestically Listed Foreign Shares (B-shares) on 31 March 2022 and the Report on the Repurchase ofDomestically Listed Foreign Shares (B-shares) (Announcement No. 2022-046) on 10 May 2022. The Company carried out the firstrepurchase on 27 June 2022 and disclosed the Announcement No. 2022-050 on the First Repurchase of Domestically Listed ForeignShares (B-shares) on 28 June 2022. On 6 September 2022, the Company disclosed the Announcement No. 2022-065 on the Completionof the Implementation of the Share Repurchase Plan & the Repurchase Results. As of 2 September 2022, all the repurchased shareshad been settled, with the total amount used reaching the upper limit of the repurchase amount. The Company has implemented therepurchase of the Company's shares by means of centralized bidding through a special securities account for the repurchase, and thecumulative 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 priceof HKD3.65 per share. The total amount paid was HKD999,999,946.81 (inclusive of transaction costs). The above repurchase of theCompany was in line with the requirements of relevant laws and regulations, as well as the established repurchase programme of theCompany. On 22 September 2022, the Company disclosed the Announcement on the Completion of the Retirement of RepurchasedShares & Share Changes (Announcement No. 2022-071). The aforesaid 243,229,361 repurchased shares have been retired on 20September 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 Companydistributed a 2021 final dividend of RMB2.10 per 10 shares (dividend to B-shareholders paid in HKD according to the central parityrate of RMB and HKD declared by the People’s Bank of China on the first working day immediately after the date of the relevantgeneral 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 (Limited Partnership) and the Related-party Transaction | 15 March 2022 | www.cninfo.com.cn |
| Announcement on the Receipt of Equity Interests in Hefei BOE Display Technology Co., Ltd. and the Related-party Transaction | 20 July 2022 | www.cninfo.com.cn |
| Announcement on Investment in the Project of BOE 6th Generation of New Semiconductor Display Device Production Line | 31 October 2022 | www.cninfo.com.cn |
| Announcement on Subscription in A-Shares Issued by HC Semitek Corporation to Specific Objects | 7 November 2022 | www.cninfo.com.cn |
| Announcement on Capital Increase to BEHC Industrial Investment Co., Ltd. and the Related-party Transaction | 17 November 2022 | www.cninfo.com.cn |
| 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 Technology Co., Ltd. and the Related-party Transaction | 30 December 2022 | www.cninfo.com.cn |
Chairman of the Board (signature): Mr. Chen Yanshun
Date of the Board’s approval of this Report: 31 March 2023