Stock Code: 000100

Stock Abbr.: TCL TECH.

Announcement No.: 2026-033

TCL科技集团股份有限公司

TCL Technology Group Corporation

First Quarter 2026 Report

April 2026

Content

Section I Important Notices and Definitions....3

Section II Key Financial Information....5

Section III Management Discussion and Analysis....7

Section IV Use of the Capital Raised....12

Section V Shareholder Information....13

Section VI Quarterly Financial Statements....16

Section I Important Notices and Definitions

The Board of Directors (or the "Board"), the directors, and senior management of TCL Technology Group Corporation (hereinafter referred to as the "Company") hereby guarantee that this quarterly report is factual, accurate, and complete, and shall be jointly and severally liable for any misrepresentations, misleading statements, or material omissions therein.

Mr. Li Dongsheng, the person-in-charge of the Company, Ms. Li Jian, the person-in-charge of financial affairs (Chief Financial Officer), and Ms. Jing Chunmei, the person-in-charge of the financial department, hereby guarantee that the financial statements in this Report are factual, accurate, and complete.

All of the Company's directors attended the Board meeting for the review of this First Quarter 2026 Report.

The future plans, development strategies or other forward-looking statements mentioned in this Report shall NOT be considered as promises of the Company to investors. Therefore, investors are kindly reminded to pay attention to possible investment risks.

This Report has not been audited. This Report has been prepared in both Chinese and English. Should there be any discrepancies or misunderstandings between the two versions, the Chinese version shall prevail.

Definitions

Section II Key Financial Information

(I) Key accounting data and financial indicators

Indicate whether there is any retrospectively adjusted or restated datum in the table below □Yes ☑ No

(II) Non-recurring profit and loss items and amount

☑ Applicable □Not applicable

Unit: RMB

Details of other profit and loss items that meet the definition of non-recurring profits and losses:

□Applicable ☑ Not applicable

The Company has no other profit and loss items that meet the definition of non-recurring profits and losses.

Notes on non-recurring profit and loss items that are listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Ofering Their Securities to the Public—Non-Recurring Gain/Loss shall be used to define Recurring Gain/Loss items □Applicable ☑ Not applicable

The Company does not have any non-recurring profit and loss items listed in the Explanatory Announcement No. 1 on Information Disclosure for Companies Ofering Their Securities to the Public—Non-Recurring Gain/Loss that are defined as recurring profit and loss items.

(III) Changes in key accounting data and financial indicators and reasons for such changes

☑ Applicable □Not applicable

Section III Management Discussion and Analysis

I. Overall Operating Performance of the Company During the Reporting Period

Since the start of the year, escalating international geopolitical conflicts and surging upstream energy prices have reignited upward pressure on inflation. Against this backdrop, the momentum of global economic growth has weakened, with macroeconomic uncertainties increasing substantially. In the face of external challenges, the Company focused on three key business pillars, including displays, new energy photovoltaics, and other silicon materials. We continuously strengthened the operations barriers characteristic of high-tech, heavy-asset, and long-cycle industries, anchored our leading strategy, and pursued sustainable high-quality development.

During the Reporting Period, the Company achieved operating revenue of RMB 43.45 billion, represented a year-on-year increase of 8.4%. Net profit attributable to shareholders of the Company amounted to RMB 1.56 billion, represented a substantial year-on-year surge of 53.7%, while operating cash flow reached RMB 11.39 billion. As of the end of the Reporting Period, the Company's debt-to-asset ratio stood at 65.0%, an increase of 0.8 percentage points from the end of the previous reporting period; cash and cash equivalents at the end of the Reporting Period were RMB 20.60 billion.

II. Operations Performance of the Company's Core Businesses During the Reporting Period

The Company was deeply engaged in leading edge manufacturing industries characterized by high technology, heavy assets, and long cycles with displays, new energy photovoltaics, and other silicon materials at its core, and continuously promoted technological innovation and industrial advancement supporting the strategic goals of global leadership.

(I) Display Business

1. TCL CSOT

In Q1 2026, the supply-demand dynamics of the global LCD panel industry improved remarkably. The overall health of the industry enhanced, and it was entering a track of sound development. On the demand side, the market demand remained resilient, supported by inventory stocking in preparation for the FIFA World Cup and the continued implementation of China's trade-in policy. TV panel prices generally rose this quarter, while prices for monitor and notebook panels remained stable. However, following the second round of price increases by smartphone brands, there was a risk of a phased slowdown in end-user demand. On the supply side, the industry maintained a strategy of on-demand production and precise capacity control, effectively aligning with market rhythms and maintaining a dynamic supply-demand balance, laying a solid foundation for stable operation and sustainable development.

During the Reporting Period, TCL CSOT achieved steady growth driven by its balanced business layout. In the first quarter, it recorded operating revenue of RMB 25.18 billion and net profit of RMB 1.85 billion, with net profit attributable to shareholders of TCL TECH. reached RMB 1.56 billion.

In the large-sized display field, TCL CSOT maintained a leading global position in comprehensive competitiveness and profitability, with its status as an industry leader further consolidated. The Company continued to promote high-end TV solutions centered on HVA Ultra technology, leading the ultra-large-sized and high-end markets with picture quality that transcended the limits of human visual perception.

In the medium-sized display segment, the business maintained rapid growth, with both market share and core competitiveness enhanced simultaneously. MNT maintained its global No. 2 ranking, with its market share rising by 3% year-on-year; meanwhile, its e-sports monitors continued to hold the world's No. 1 position. Leveraging its technological advantages in HVA and HFS, the Company has been the official strategic display equipment partner of the Intel Master Challenge for three consecutive years. The notebook and vehicle-mounted segments also achieved robust growth. Global notebook panel shipments rose to No. 4 worldwide, while LTPS vehiclemounted panel shipment area surged to No. 1 globally, marking a leapfrog breakthrough.

In the small-sized display sector, the Company focused on the mid-to-high-end market with continuously enhanced product competitiveness. Boasting high image quality and low power consumption, Super Pixel technology has been widely adopted in the flagship models of the world's leading smartphone brands on a large scale, and was rapidly expanding to cover a broader range of product lines.

The specialized display business further optimized its industrial layout through mergers, acquisitions and strategic cooperation. TCL CSOT completed the strategic acquisition of Chuangke Photoelectrics, integrated superior resources, and drove integrated innovation in display and optoelectronic technologies. Joining forces with partners such as DKE, it advanced the e-paper module projects, thereby filling gaps in the medium-sized specialized display portfolio and accelerating the large-scale, standardized application of e-paper across diverse scenarios.

In terms of cutting-edge technology layout, the industrialization process of two strategic tracks — printed OLED and MLED — advanced steadily.

The construction of Guangzhou G8.6 printed OLED production line (t8 Project) progressed as planned. The main factory building is expected to be topped out in the second quarter, with the move-in of main equipment to commence in the fourth quarter. The yield and quality of products from the Wuhan G5.5 printed OLED production line (t12) continued to improve. Medical display products have already achieved stable mass production, and IT category products will enter mass production in the third quarter. In addition, the Company, in partnership with a world-leading brand, unveiled a rollable display concept notebook. Its 16-inch screen can be seamlessly extended to 21.5 or 23.8 inches, fully demonstrating the enormous potential of printed OLED technology in driving next-generation display form factor innovation.

The full-chain layout of MLED was further improved. During the Reporting Period, the equity transfer between the Company and Fujian Electronics & Information (Group) Co., Ltd. for Fujian Zhaoyuan Optoelectronics Co., Ltd. was completed successfully, which was renamed Fuzhou Huazhao Optoelectronics Co., Ltd. This acquisition enables vertical integration from LED chips to display modules, which will further accelerate the large-scale implementation and penetration of Mini/Micro LED in scenarios such as ultra-large-screen TVs, commercial displays and intelligent vehicle-mounted cockpits.

During the Reporting Period, TCL CSOT continuously optimized its global industrial layout and built a highly resilient and reliable global supply chain system, with overseas business maintaining steady growth. Operations at the Indian base for TV and vehicle-mounted displays have advanced steadily, with ongoing improvements in operating efficiency. At the Vietnamese base, IT products have entered stable mass production and shipment, further enhancing overseas delivery capacity and customer service standards.

Looking ahead, as industry concentration continues to rise and the supply-side landscape keeps optimizing, the industry's ability to maintain stable profitability will be further strengthened. As an industry leader, TCL CSOT will uphold the dual‑ engine strategy of "technological innovation" and "brand value", continuously strengthen its leading position in the global display industry, and drive high‑ quality development across the sector.

2. Moka Technology

Moka Technology specializes in the ODM business for intelligent display terminal products such as TVs, monitors, and commercial displays, and is the world's largest TV ODM manufacturer. In Q1 2026, Moka Technology achieved operating revenue of RMB 4.58 billion.

Its shipment volume of TV ODM business remained the top globally; the shipment volume of monitor ODM increased by 12% year on year, ranking fourth globally.

(II) New Energy Photovoltaics Business

During the Reporting Period, the Company's photovoltaic materials business focused on enhancing its competitive edge by aligning production with actual demand, pursuing stringent cost efficiency, and further optimizing its flexible supply chain system. It achieved cost reductions through technological iteration and process improvement, while tightly controlling manufacturing expenses and various period costs by implementing end-to-end lean organizational processes. By further deepening cooperation with strategic customers and strengthening product differentiation advantages, the Company's photovoltaic materials achieved a shipment volume of 25GW.

The Company's photovoltaic cell and module business pursued a dual approach of organic growth and external acquisitions to continuously enhance its business capabilities. During the Reporting Period, the Company's module shipment reached 2.9GW, a year-on-year increase of over 50%. The Company was successively shortlisted and won bids for centralized procurement projects of central state-owned enterprises, making certain breakthroughs in the central and stateowned enterprise business sector. Meanwhile, the Company actively seized opportunities at the bottom of the industry cycle, promoted the vertical extension and horizontal expansion of its industrial chain through external acquisitions, thereby addressing business shortcomings.

(III) Other Silicon Materials Business

In line with its strategic goal of global leadership, the Company's silicon materials business actively responded to key industrial transformation opportunities. It consolidated the competitive advantages of its power products, bolstered the competitiveness foundation for high-value products, and actively expanded overseas business to create differentiated competitiveness. During the Reporting Period, the production and sales scale of the silicon materials business continued to expand, achieving operating revenue of RMB 1.44 billion, a year-on-year increase of 8.5%, with all operational activities advancing steadily.

(IV) Non-core business

During the Reporting Period, Tianjin Printronics Circuit and Highly maintained stable operations across their core businesses, while their financial and investment segments continued to generate steady earnings.

Facing a severe and complex external environment, the Company will embrace the spirit of "Forging Ahead to Conquer New Challenges". By adhering to the operational philosophy of "Strategic Leadership, Innovation-Driven, Advanced Manufacturing, and Global Operations", the Company will seize the historic opportunities presented by the advancement of the leading edge manufacturing industry and transformation of the global energy structure to achieve sustainable high-quality development and move toward global leadership.

Section IV Use of the Capital Raised

□Applicable ☑ Not applicable

There was no instance of utilization of raised capital during the Reporting Period.

Section V Shareholder Information

(I) Table of the total number of ordinary shareholders and the number of preferred shareholders with resumed voting rights as well as the shareholdings of the top 10 shareholders

Unit: share

Note: The shareholder listed above as TCL Technology Group Corporation-2025 Employee Stock Ownership Plan represents the securities accoun for the Company's employee stock ownership plan. The shares held under this account are subject to a 12-month lock-up period commencing from November 6, 2025, during which no trading shall be conducted. Participation of shareholders holding more than 5%, the top 10 shareholders, and the top 10 non-restricted shareholders in th lending of shares under the refinancing business □Applicable ☑ Not applicable

Change in the top 10 shareholders and the top 10 non-restricted shareholders due to securities lending/returning under refinancing as compared to the previous period

□Applicable ☑ Not applicable

(II) Total number of preferred shareholders and shareholdings of the top 10 preferred shareholders □Applicable ☑ Not applicable

IV. Other Significant Events

☑ Applicable □Not applicable

1. The Company plans to acquire the 45% equity interest in Guangzhou China Star Optoelectronics Bandaoti Display Technology Co., Ltd. held in aggregate by Guangdong Hengjian Investment Holding Co., Ltd., Guangzhou Chengfa Xingguang Investment Partnership (Limited Partnership) and Science City (Guangzhou) Investment Group, by way of share issuances and cash payments.

On March 30, 2026, the Company convened the 21st meeting of the 8th Board of Directors, at which it reviewed and approved proposals including the Report (Draft) on Asset Purchase via Share Issuance and Cash Payment and Raising of Supporting Funds of TCL Technology Group Corporation. The Company proposes to acquire, through share issuance and cash payment, the 45% equity interest in Guangzhou China Star Optoelectronics Bandaoti Display Technology Co., Ltd. (corresponding to a registered capital of RMB 7.875 billion) held by Guangdong Hengjian Investment Holding Co., Ltd., Guangzhou Chengfa Xingguang Investment Partnership (Limited Partnership) and Science City (Guangzhou) Investment Group Co., Ltd., and to raise supporting funds concurrently.

The above matters were reviewed and approved at the Company's 2025 Annual General Meeting held on April 24, 2026, and the Company is proceeding with the relevant matters in an orderly manner.

Section VI Quarterly Financial Statements

(I) Financial statements

1. Consolidated Balance Sheet

Prepared by: TCL Technology Group Corporation

Unit: RMB

2. Consolidated Income Statement

Unit: RMB

3. Consolidated Cash Flow Statement

Unit: RMB

(II) Adjustments to financial statement items at the beginning of the year of the first implementation of the new accounting standards, which have been implemented since 2026

□Applicable ☑ Not applicable

(III) Auditor's Report

Whether the First Quarter Financial Report has been audited or not? □Yes ☑ No

The Company's First Quarter Financial Report has not yet been audited.

TCL Technology Group Corporation The Board of Directors April 29, 2026