TCL Technology Group Co., Ltd. and all members of the board guarantee that the content of this announcement is true, accurate, and complete, without false records, misleading statements, or major omissions.
TCL Technology Group Co., Ltd. (hereinafter referred to as "the Company" or "TCL Technology") disclosed the "Draft Report on Issuing Shares and Paying Cash to Purchase Assets and Raising Supporting Funds" on March 31, 2026. The Company plans to issue shares and pay cash to acquire a 45.00% equity stake in Guangzhou Huaxing Optoelectronics Semiconductor Display Technology Co., Ltd. (hereinafter referred to as "Guangzhou Huaxing Semiconductor") and intends to issue shares to no more than 35 qualified specific investors to raise supporting funds (hereinafter referred to as "this transaction"). Upon completion of this transaction, the listed company will directly and indirectly control a total of 100.00% of the equity in Guangzhou Huaxing Semiconductor. The share issuance and cash payment for the asset purchase project are progressing normally, with the cash consideration portion already initiated through self-owned funds.
Considering the interests of all shareholders and the positive trend in the Company's operational development, the Company held the 23rd meeting of the 8th Board of Directors on June 1, 2026, where it reviewed and approved the proposal to cancel the fundraising arrangement for the asset purchase (hereinafter referred to as "this adjustment"). The relevant situation is announced as follows: