TCL Electronics is one of the leading players in the global TV and mobile devices industries, and is engaged in the research and development, manufacturing and distribution of consumer electronic products. Through a new product-and-user-oriented business model that focuses primarily on a "double +" strategy which includes "smart + Internet" and "products + services" as the main direction, TCL Electronics strives to build a comprehensive ecosystem composed of smart TVs, smart commercial displays and smart mobile devices, providing users with smart and healthy living products and services, and is dedicated to becoming a global leading smart technology company.

The stock code is 1070.HK. It is a public company listed on the main board of Hong Kong Stock Exchange (listed in November 1999).。

TCL Technology Group Corporation （"TCL Technology", formerly known as "TCL Corporation"）had completed its restructuring in March 2019, and sold all of its business and assets of smart devices to TCL Industries Holdings Co., Ltd. ("TCL Holdings"). Both sides have improved the process of organization and resource allocation with their industrial characteristics respectively. After that, TCL Holdings has become the controlling shareholder of TCL Electronics. However, TCL Electronics still maintains strong business ties to TCL China Star Optoelectronics Technology Co., Ltd (CSOT, a subsidiary of TCL Technology).

A. Market Leading Position

• In 2020 Q2, the sales volume of TCL brand TV ranked second in the global TV market. (Data source: Omdia)
• In the first half of 2020, the market share of TCL brand TV in terms of sales volume ranked top 5 in 19 countries across the world, including ranking of No. 1 Pakistan, No. 2 in the U.S., Australia and Philippine, No.3 in Canada, France and Italy, and No.4 in Brazil, Argentina, Thailand and Vietnam . (Data source: NPD & GfK)

B. Vertical Integration Advantage and Global Layout

• TCL Electronics is the only Chinese TV enterprise which possesses a complete vertically integrated industrial chain spanning panel, module and assembly.
• Manufacturing bases in the PRC, Mexico and Vietnam, establishing globalized manufacturing layout capacity to effectively mitigate the risk brought by China-US trade dispute. The production capacity of TCL brand TV in global increases to 27 million sets per year.
• Committed to the implementation of high standard intelligent factory and automated manufacturing, adopting Industry 4.0 through Tonghu Project (with total capacity reaching 35 million sets), aiming to achieve synergy with CSOT, lower costs and raise production efficiency.

C. Innovative Products and R&D Capability

• Innovative products: cutting-edge technologies such as quantum dot (QLED), Mini LED, and 8K; equipped with various innovative functions, such as the most updated AI, replacing traditional graphic interaction via GUI (graphical user interface) with voice interaction via VUI (voice user interface), enabling multiple rounds of natural dialogues, hands-free control, etc.
• Highly recognized by the industry: TCL products received numerous accolades and awards from various prestigious institutions, including PCMAG's "Readers' Choice Awards" for two years in a row, CNET News's "Best TVs" Award, CNET's "Editor's Choice Award", CES's "8K QLED TV Gold Award 2019-2020", EISA's "Best Buy LCD TV" award, and "Home Theater Gold Award" by IFA and IDG in 2019.
• Leading R&D capability: established a joint A.I. design center with TCL Technology to accelerate R&D and application of A.I. technology.

D. Diversified Business and Strategic Transformation

• Internet TV business reinforced "1+1+N" strategic cooperation with greater monetization capability.
• Acquired CI Tech to explore B2B business and enter the blue ocean market of commercial display.
• Set up an open smart home system with smart TVs as terminal.

2020 is a year of change, with drastic shifts in lifestyle and consumption habits, brought by the turbulent international environment and the global coronavirus disease 2019 ("COVID-19"), new opportunities brought by the reshuffling in the upstream panel industry and the rapid development of 5G and "AI x IoT" technology, all of which are leading the TV industry into the era of smart display. TCL Electronics continues to focus on smart display, vigorously promotes the "AI x IoT" strategy and strives to create an all-scenario smart healthy-living experience for its users and become a global leading smart technology company.

The Group is committed to seizing the opportunity presented by fast development of 5G and pioneering the overall smart upgrade of the display industry via actively promoting large-screen TV and smart technology. At the extraordinary general meeting of the Company held on 28 July 2020, an overwhelming majority of the shareholders voted in support for the Company’s spin-off of the TV ODM business and acquisition of the global business of TCL Communication Technology Holdings Limited ("TCL Communication") and its subsidiaries. On top of focusing on brand business and enriching product and business portfolio, the Group also strives to further develop new Internet value-added service business, offering its users an all-scenario smart display ecosystem. The ecosystem, technically driven by 5G+8K+AI, contains three key scenarios: smart home, mobile services and commercial displays.

The second quarter of 2020 saw accelerated spread of the COVID-19 pandemic and a series of black swan events in the global market. Given that, we have responded rapidly and proactively to the market changes, seized the opportunities and recorded growth against the downward trend. Benefitting from its leading positions in integrated supply chain, global channels, production capacity layout, hardware, software and content, TCL Electronics, as the brand driving force of the entire TCL display industry chain and a user-centric company, managed to expand its market share amid negative trend by shortening the time needed for balancing supply and demand, optimising the channel structures, seizing opportunities to cut costs and adjusting its model to reduce expenses.

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Contact number: +852 2437 7300