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 significant omissions.
The second holders' meeting of the 2025 Employee Stock Ownership Plan (hereinafter referred to as "this plan") was recently held via communication. The convening, holding, and voting procedures of this meeting comply with relevant laws and regulations as well as the provisions of the "2025 Employee Stock Ownership Plan (Draft)" and the "2025 Employee Stock Ownership Plan Management Measures."
The meeting reviewed and approved the following proposals:
- "Proposal on Adjusting Matters Related to the Company's 2025 Employee Stock Ownership Plan"
It was agreed to adjust the 2025 Employee Stock Ownership Plan into two sub-plans: the 2025 Partner Stock Ownership Plan (applicable to core management personnel) and the 2025 Mid-to-Long-Term Employee Stock Ownership Plan (applicable to mid-level managers and outstanding core employees). The specific adjustments are as follows:
| Before Adjustment | After Adjustment |
|---|---|
| 2025 Employee Stock Ownership Plan | 2025 Partner Stock Ownership Plan |
| 2025 Mid-to-Long-Term Employee Stock Ownership Plan |
Special Note:
- The "2025 Employee Stock Ownership Plan (Draft)" was formulated by TCL Technology in accordance with the provisions of the Company Law, Securities Law, Guidelines, Self-Regulatory Supervision Guidelines No. 1, and other relevant laws, administrative regulations, rules, normative documents, and the Articles of Association.
- The "2025 Employee Stock Ownership Plan (Partner Stock Ownership Plan) (Draft Revision)" was formulated by TCL Technology in accordance with the provisions of the Company Law, Securities Law, Guidelines, Self-Regulatory Supervision Guidelines No. 1, and other relevant laws, administrative regulations, rules, normative documents, and the Articles of Association, and is a sub-plan of the 2025 Employee Stock Ownership Plan.
- The "2025 Employee Stock Ownership Plan (Mid-to-Long-Term Employee Stock Ownership Plan) (Draft Revision)" was formulated by TCL Technology in accordance with the provisions of the Company Law, Securities Law, Guidelines, Self-Regulatory Supervision Guidelines No. 1, and other relevant laws, administrative regulations, rules, normative documents, and the Articles of Association, and is a sub-plan of the 2025 Employee Stock Ownership Plan.
(Added) 9. This plan intends to sign a "Consistent Action Agreement" with the company's largest shareholder, Mr. Li Dongsheng, agreeing to act in concert with Mr. Li Dongsheng on matters that require shareholders to exercise their rights under Chinese law or the Articles of Association.
Participants, Determination Standards, and Holder Situation of This Plan
| Before Adjustment | After Adjustment |
|---|---|
| (a) Determination Standards for Participants in This Plan | The scope of participants in this plan is core personnel of the company. Specifically, participants include: |
- The company's chairman, directors, chief financial officer (CFO), senior vice presidents, and other senior management personnel of the same level;
- Heads of departments at the company headquarters, deputy heads of departments, professional directors at level 15 and above, and other management and professional personnel of the same level;
- Members of the management team of the company's subsidiaries and other management and professional personnel of the same level;
- Outstanding core personnel who have a direct impact on the company's operational performance and sustainable development. All participants work in the company or its subsidiaries and receive salaries. | (a) Determination Standards for Participants in This Plan | The scope of participants in this plan is mid-level managers and outstanding core employees. Specifically, participants include:
- Heads of various departments at the company headquarters, senior professionals, and other management and professional personnel of equivalent level;
- Management and professional personnel of equivalent level in the company's subsidiaries;
- Outstanding core personnel who play a key role in the company's operational performance and long-term development. All participants work in the company or its subsidiaries and receive salaries.