Stock Code: 000725, 200725

Stock Name: BOE-A, BOE-B

Announcement No. 2026-016

BOE TECHNOLOGY GROUP CO., LTD.ANNUAL REPORT 2025 (SUMMARY)

Part I Important Notes

This 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 report, which has been disclosed together 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 dividend and/or bonus issue plans:

 Applicable □ Not applicable

Bonus issue from capital reserves:

□ Yes  No

The Board has approved a final dividend plan for the Reporting Period. Based on 37,044,328,064 shares, a cash dividend of RMB0.56 (tax inclusive) per 10 shares is to be distributed to all the shareholders, with no bonus issue from either profit or capita 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 misunderstandings between the two versions, the Chinese versions shall prevail.

Part II Key Corporate Information

1. Stock Profile

2. Principal Operations or Products in the Reporting Period

(I) About the Company

In constant pursuit of excellence, BOE Technology Group Co., Ltd. is an innovative IoT company dedicated to providing intelligent interface products and professional services for information interaction and human health.

With “To Be the Most Respected Company on Earth” as its vision and, BOE always keeps in mind the mission of “Change Lif with BOE Display Everywhere”, upholds the core values of “Integrity & Reliability, Dedication to Customers, Being Peopleoriented, Openness and Innovation”, as well as adheres to the business philosophy of “Doing the Right Thing, Innovation and Progress Seeking”. It has been continuously strengthening the construction of its industrial ecosystem and enhancing its value creation capabilities. Upon decades of relentless efforts, BOE has grown into a world leader in the display industry and a global innovative company in the IoT sector. Adhering to a “market-oriented, international, and professional” development approach, it has built a significant number of intelligent manufacturing bases in Beijing, Hefei, Chengdu, Chongqing, Fuzhou, Mianyang, Wuhan, Kunming, Ordos, Nanjing, etc., with subsidiaries across many countries and regions including the United States, Germany, Japan, South Korea, Singapore, India, Brazil, and the United Arab Emirates, as well as a business network that covers major regions of the world, such as Europe, Americas, Asia, and Africa. BOE aims to provide customers with better products and more thoughtful service experience with its well-established global network and a diverse product and service system.

To adapt to an IoT era, BOE has put forward the development strategy of “Empower IoT with Display” in its IoT transformation. Taking into account market conditions and business characteristics, BOE has put in place a business development architecture of “1+4+N+Ecosystem” to ensure the execution and implementation of its strategies. Specifically:

“1” represents display, which is the core capacity and quality resources accumulated by BOE, as well as the source and origin of the development strategy of “Empower IoT with Display”.

“4” refers to IoT Innovation, Sensor, MLED, and Smart Engineering Medicine. These are the high-potential tracks chosen by BOE based on its core strengths and value chain extension, representing the development directions of the development strategy of “Empower IoT with Display”.

“N” refers to the subdivided application scenarios of IoT that are continuously explored and cultivated by BOE, as well as the specific focus of the development strategy of “Empower IoT with Display”.

“Ecosystem” is an enabling platform for the collaborative development of BOE’s innovative ecosystem and an important guarantee for the development strategy of “Empower IoT with Display”.

(II) About the Company’s principal operations

1. The Display Devices business

The Display Devices business offers integrated design and manufacturing services for devices, and is committed to providing interface devices applying TFT-LCD, AMOLED and other technologies, focusing on providing customers with high-quality display devices for smartphones, tablet PCs, laptops, monitors, TVs, vehicles, etc.

2. The IoT Innovation business

The IoT Innovation business offers integrated design and manufacturing services for system solutions, and provides customers with competitive smart terminal products for tablets, laptops, monitors, TVs, low-power devices, IoT, 3D display, etc. By integrating AI and big data capabilities, BOE provides innovative IoT products and services that combine software and hardware.

3. The Sensor business

The Sensor business offers integrated design and manufacturing solutions, focuses on FPXD, smart display windows, industria sensors, MEMS, and glass packaging substrates, and provides customers with products and services including back plates for flat panel X-ray detectors (FPXD), intelligent PDLC windows and PDLC system solutions, consumer electronics and industria application solutions, and advanced packaging substrates, among others

4. The MLED business

The MLED business provides LED solutions with integrated R&D, manufacturing and marketing services. Focused on devices and solutions, this business renders LED backlight products with high quality and reliability for TVs, monitors, notebooks, vehicles, etc., as well as Mini/Micro-LED display products with high brightness, high reliability and high contrast for segment markets of outdoor, commercial, transparent, specialized and other displays.

5. The Smart Engineering Medicine business

The Smart Engineering Medicine business adopts a professional service model to provide products, services and solutions in relation to medical care, smart nursing, medical-engineering integration, etc. Meanwhile, this business is committed to providing a closed loop of through-life health services with health management as the core, medical terminals as the traction, and digital hospitals and recreational communities as the support. It connects testing equipment, healthcare workers and customers through the smart health management ecosystem where customers enjoy professional health services including prevention, treatment, therapy and nursing

6. The “N” business

With a specific focus on the "N" business, the Company provides hardware and software integrated system solutions for different segments, including intelligent car networking, smart energy, industrial IoT, UHD display, etc., which can provide customers with multi-functional and smart new experience under IoT scenarios.

In terms of intelligent car networking, BOE focuses on the intelligent cockpit "HERO" innovative application scenarios, joins hands with global partners to provide new experience of intelligent cockpit scenarios, and promotes the continuous upgrading o full-scenario intelligent solutions, representing a new leading ecosystem of innovative and intelligent travel.

In terms of the smart energy business, BOE focuses on zero-carbon integrated energy services. With BES as the empowering platform, it revolves around various aspects of "source-grid-load-storage-carbon." It offers a zero-carbon implementation path of "source decarbonization, process decarbonization, end negative carbon, and intelligent carbon management," providing customers with comprehensive energy services and utilization, and zero-carbon solutions.

In terms of the industrial IoT business, BOE is committed to providing industrial software, intelligent manufacturing solutions for the pan-semiconductor industry. Leveraging over three decades of industry experience, BOE offers pan-semiconductor industrial software, industrial AI, smart factory services, and other products and services, continuously driving high-quality development across the industry.

The UHD display business adheres to the "UHD × digitalization" strategy, continuously promoting the wide application of UHD technology in fields such as smart government and enterprise services, finance, transportation, industrial parks, and visual arts. It is committed to embedding UHD into more scenarios, providing a better experience, achieving higher efficiency, and creating more value. It has independently designed and built the world's first 8K+5G+22.2 UHD 3D sound broadcasting vehicle, representing a pioneering breakthrough in the domestic 8K UHD complete production and broadcasting system.

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  No

Unit: RMB

(2) Key Financial Information by Quarter

Unit: RMB

Indicate by tick mark whether any of the quarterly financial data in the table above or their summations differs materially from what have 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 as Holdings of Top 10 Shareholders

Note: The total number of ordinary shareholders at the month-end prior to the disclosure of this Report is the total number of ordinary shareholders of the Company as at 20 March 2026.

5% or greater shareholders, top 10 shareholders and Top 10 unrestricted shareholders involved in refinancing shares lending □ Applicable  Not applicable

Changes in top 10 shareholders and top 10 unrestricted shareholders due to refinancing shares lending/return compared with the prior period

□Applicable  Not applicable

(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

2. 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

5. Outstanding Bonds at the Date when this Report Was Authorized for Issue

 Applicable □ Not applicable

(1) Bond Profile

Unit: RMB'0,000

(2) Latest Rating and Rating Change

On 27 June 2025, China Lianhe Credit Rating Co., Ltd. issued the Follow-up Rating Report 2025 for BOE Technology Group Co., Ltd. (Lianhe [2025] No. 4433). According to the Report, the issuer was granted with a corporate long-term credit rating of AAA with a “Stable” outlook.

(3) Selected Financial Information of the Company for the Past Two Years

Part III Significant Events

1. The Company disclosed the Announcement on Not Exercising the Issuer’s Renewal Option for the 2022 Public Offering of Renewable Corporate Bonds of BOE (for professional investors) (Digital Economy) (Phase I) (Announcement No. 2025-008) on 11 February 2025, and the third anniversary of 22BOEY1 fell on 25 March 2025. According to the relevant provisions of the Prospectus and the Listing Declaration, the Company decides not to exercise the renewal option of bond issuer. That is, the current bonds were to be fully redeemed. As the Company disclosed the Announcement on the Redemption of the Principal and Interest o the "22BOEY1" Corporate Bonds and the De-listing of the Bonds (Announcement No. 2025-010) on 21 March 2025, it would pay the interest of the bonds generated between 25 March 2024 and 24 March 2025, as well as the principal of the bonds, on 25 March 2025, and de-list the bonds.

2. The Company disclosed the Announcement on the Public Offering of Corporate Bonds to Professional Investors Obtaining Registration Approval from the CSRC (Announcement No. 2024-052) on 9 October 2024. The Company received the CSRC Permit [2024] No. 1330, which agreed to the Company's public offering of corporate bonds with an aggregate nominal value of no more than RMB10 billion to professional investors.

3. The Company disclosed the Announcement on Resolutions of the 1st Extraordinary General Meeting in 2025 (Announcement No. 2025-002), Announcement on Resolutions of the 1st Meeting of the 11th Board of Directors (Announcement No. 2025-005) and Announcement on Resolutions of the 1st Meeting of the 11th Supervisory Committee (Announcement No. 2025-006) on 15 January 2025, which reviewed and approved proposals related to general election and completed the general election. For more details, please refer to relevant announcements. The Company disclosed the Announcement on Resignation of Senior Management (Announcement No. 2025-057) on 10 July 2025, due to job transfer, Mr. Guo Huaping applied for resignation as Senior Vice President and Chief Cultural Officer and will not hold any position in the Company or any of its majority-owned subsidiaries after his resignation. On 23 September 2025, the Company disclosed the Announcement on the Election of an Employee Director (Announcement No. 2025-071). On 22 September 2025, the Company’s trade union convened the Company’s Workers Congress, which elected Mr. Li Yang as an employee director of the 11th Board of Directors. On 11 October 2025, the Company disclosed the Announcement on the Resignation of a Director (Announcement No. 2025-074). For personal reasons, Mr. Gao Wenbao applied to resign from his positions as a Director, Vice Chairman and member of the special committees of the Board of Directors. Following his resignation, he no longer holds any position in the Company or its majority-owned subsidiaries. On 31 October 2025, the Company disclosed the Announcement on the Election of the Vice Chairman of the 11th Board of Directors (Announcement No. 2025-078). The Board of Directors elected Mr. Wang Xiping as Vice Chairman of the 11th Board of Directors, with the term of office commencing from the date of election at the Board meeting and ending on the date of expiry of the term of the current session of the Board. On 31 October 2025, the Company disclosed the Announcement on the Election of the Non-Independent Director of the 11th Board of Directors (Announcement No. 2025-077), and on 18 November 2025, the Announcement on the Resolutions of the Third Extraordinary General Meeting of Shareholders in 2025 (Announcement No. 2025-089), announcing the election of Ms. Feng Liqiong as a non-independent director of the 11th Board of Directors.

4. The 4th Meeting of the 11th Board of Directors and the 2024 Annual General Meeting of Shareholders of the Company reviewed and approved the Proposal on Changing the Use of Repurchased Shares and Canceling Them, and on 22 April 2025, th Company disclosed the Announcement on Changing the Use of Repurchased Shares and Canceling Them (Announcement No. 2025-030). The Company intended to change the use of 228,882,900 shares held in the special repurchase securities account from “to be used for the implementation of the Company’s equity incentive plan” to “to be canceled with a corresponding reduction in the Company’s registered capital”, and would proceed with the relevant cancellation procedures in accordance with the applicable regulations. On 3 June 2025, the Company disclosed the Announcement on the Completion of the Cancellation of Repurchased Shares and the Resulting Change in Share Capital (Announcement No. 2025-041). On 29 May 2025, the Company completed the cancellation of 228,882,900 treasury shares with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch. Following the approval of the Proposal on the Repurchase of Some Public Shares at the Fourth Meeting of the 11th Board of Directors and the 2024 Annual General Meeting of Shareholders, the Company disclosed the Announcement on the Repurchas of Some Public Shares (Announcement No. 2025-029) on 22 April 2025, and the Report on the Repurchase of Some Public Share (Announcement No. 2025-045) on 10 June 2025. On 6 June 2025, the Company disclosed the Voluntary Information Disclosure Announcement on Receiving a Letter of Loan Commitment and Obtaining Financing Support for Share Repurchase (Announcement No. 2025-044). The Company received a Letter of Loan Commitment issued by Beijing Branch of China Construction Bank Corporation, committing to provide the Company with a special loan of RMB1.8 billion for share repurchase. The Company carried out the first repurchase on 30 June 2025 and disclosed the Announcement on the First Repurchase of Some Public Shares & Share Repurchase Progress (Announcement No. 2025-055) on 1 July 2025. On 6 January 2026, the Company disclosed the Announcement on the Completion of the Implementation of the Share Repurchase Program and the Result of the Repurchase (Announcement No. 2026-001). The share repurchase was actually carried out during the period from 30 June 2025 to 31 December 2025. As at 31 December 2025, the Company has implemented the repurchase of the Company's shares by means of centralized bidding through a special securities account for the repurchase, and the cumulative number of A Shares repurchased was 369,552,400, accounting for approximately 1.0064% of the Company's A Shares and 0.9877% of the Company's total share capital, with the highest transaction price of RMB4.26 per share and the lowest transaction price o RMB3.83 per share. The total amount paid was RMB1,500,060,240.57 (exclusive of transaction costs). The above repurchase o the Company was in line with the requirements of relevant laws and regulations, as well as the established repurchase program o the Company. On 12 January 2026, the Company disclosed the Announcement on the Completion of the Cancellation o Repurchased Shares and the Resulting Change in Share Capital (Announcement No. 2026-003). On 8 January 2026, the Company completed the cancellation of 369,552,400 repurchased shares with the China Securities Depository and Clearing Corporation Limited Shenzhen Branch.

5. On 19 June 2025, the Company disclosed the Announcement on the Distribution of the 2024 Final Dividend (Announcement No. 2025-053). As the 2024 Final Dividend Plan had been approved at the 2024 Annual General Meeting of Shareholders on 23 May 2025, the Company distributed a 2024 final dividend of RMB0.5 per 10 shares (dividend to B-shareholders paid in HKD according to the central parity rate of RMB and HKD declared by the People’s Bank of China on the first working day immediately after the date of the relevant general meeting resolution), with no bonus issue from either profit or capital reserves.

Chairman of the Board (signature): Mr. Chen Yanshun

Date of the Board’s approval of this Report: 30 March 2026