TCL Technology Group Co., Ltd. and all members of the board of directors guarantee that the content of this announcement is true, accurate, and complete, without false records, misleading statements, or major omissions.
Important Content Reminder:
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This repurchase plan has been approved by the 23rd meeting of the 8th Board of Directors held on June 1, 2026. According to the "Articles of Association" and other relevant regulations, this matter does not require submission to the shareholders' meeting for deliberation.
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Basic situation of the repurchase plan:
(1) Repurchase amount and source: The company will use its own funds and self-raised funds to repurchase part of the company's issued shares through centralized bidding, with a total repurchase amount not less than RMB 1.1 billion (inclusive) and not exceeding RMB 1.2 billion (inclusive).
(2) Repurchase price: Not exceeding RMB 6.60 per share (inclusive) (not exceeding 150% of the average trading price of the stock in the 30 trading days prior to the board's repurchase resolution).
(3) Repurchase quantity: Under the condition that the repurchase price does not exceed RMB 6.60 per share (inclusive), based on the upper limit of the total repurchase amount of RMB 1.2 billion, it is estimated that approximately 18,181,820 shares can be repurchased, accounting for about 0.87% of the company's current total share capital. The specific repurchase quantity will be based on the actual number of shares repurchased at the end of the repurchase period.
(4) Purpose of repurchase: The repurchased shares will be used for the company's employee stock ownership plan and/or equity incentives.
(5) Repurchase period: The implementation period for the repurchase of shares is within 12 months from the date of approval of this repurchase plan by the 23rd meeting of the 8th Board of Directors. -
Risk Warning:
(1) There is a risk that the stock price may continue to exceed the upper limit of the repurchase price during the repurchase period, which may prevent the smooth implementation of this repurchase plan.
(2) The repurchase may result in the inability to fully allocate the repurchased shares due to reasons such as the incentive targets of the equity incentive plan or employee stock ownership plan waiving their subscription rights, leading to the risk that the repurchased shares may not be transferred to the equity incentive or employee stock ownership plan by the expiration of the repurchase period.
(3) There are risks that significant events affecting the company's stock trading price or the board's decision to terminate this repurchase plan may occur, which could impact the implementation of this plan. The company will make repurchase decisions based on market conditions during the repurchase period. Investors are advised to pay attention to investment risks.
1. Purpose and Use of Repurchased Shares
The company focuses on the core business development of semiconductor displays, new energy photovoltaics, and semiconductor materials, aiming to achieve the goal of "global leadership." To maintain the interests of all shareholders, enhance investor confidence, and stabilize and improve the company's investment value, the company plans to repurchase part of its issued shares through the Shenzhen Stock Exchange trading system with a total amount not less than RMB 1.1 billion (inclusive) and not exceeding RMB 1.2 billion (inclusive), at a price not exceeding RMB 6.60 per share (inclusive). The repurchased shares will be used for the company's employee stock ownership plan and/or equity incentives. If the company fails to use the repurchased shares for the aforementioned purposes within 36 months after the completion of the repurchase, the unused portion will be canceled in accordance with relevant procedures.