Core Viewpoint - Guangdong TCL Smart Home Co., Ltd. will participate in an online investor collective reception day to enhance interaction with investors [1][2] Group 1: Event Details - The online event will be held on September 19, 2025, from 15:30 to 17:00 [1] - Investors can participate through the "Panorama Roadshow" website [1] - The event is organized by the China Securities Regulatory Commission Guangdong Supervision Bureau and the Guangdong Listed Companies Association [1] Group 2: Company Participation - Key company representatives, including Chairman Peng Pan, Independent Director Liu Ning, General Manager and CFO Wang Hao, and Board Secretary Wen Xiaorui, will engage with investors [2] - The company will address common investor concerns regarding performance, governance, strategic development, and operational status during the event [2] - The company encourages active participation from investors [2]

Group 1: Electronic Industry Performance - The electronic industry is experiencing a strong sales season, with major companies predicting continued growth in the second half of 2025 due to increased market demand [2][3] - Industrial Fulian reported a net profit of 12.113 billion yuan, a year-on-year increase of 38.61%, driven by the sales of specific customer models [2] - Other leading companies such as Luxshare Precision, Shenghong Technology, and BOE A also reported significant profit growth, with increases of 23.13%, 366.89%, and 42.15% respectively [2] Group 2: Outlook for Electronic Industry - Major electronic companies maintain an optimistic outlook for the second half of the year, with Industrial Fulian highlighting trends in high-end smartphones and new growth drivers from GenAI and foldable devices [2] - Hikvision anticipates a sequential increase in performance, particularly in innovative sectors like robotics and automotive electronics [2][3] Group 3: Nonferrous Metals Industry Insights - The nonferrous metals industry is seeing strong performance, with companies like Zijin Mining and Luoyang Molybdenum providing forecasts on market dynamics and price trends for gold, copper, cobalt, molybdenum, and lithium [4][5] - Shandong Gold expects gold prices to remain high due to strong investment demand and geopolitical factors, while Luoyang Molybdenum predicts changes in copper supply dynamics due to U.S. tariffs [4][5] Group 4: Consumer Sector Growth - The consumer sector is showing positive performance, with companies like BYD predicting increased market penetration for new energy vehicles supported by government policies [7] - Leading companies in various consumer segments, including livestock and home appliances, are forecasting growth driven by seasonal demand and market trends [7]

Core Viewpoint - The announcement details the judicial auction of shares held by a major shareholder of TCL Smart Home, indicating a significant change in shareholding structure without affecting the company's control or governance [3][4][8]. Group 1: Auction Details - The major shareholder, Wuhan Zhuxin Ruikang Technology Co., Ltd., had 35 million shares (3.23% of total shares) auctioned successfully from July 22 to July 23, 2025, with a total transaction amount of 320,309,220.00 yuan [3][5]. - The initial auction held from July 1 to July 2, 2025, was unsuccessful, leading to a second auction where all shares were sold [4][5]. Group 2: Shareholding Changes - Following the auction, Zhuxin Ruikang's shareholding will decrease to 22.5 million shares (2.08% of total shares), thus no longer qualifying as a major shareholder (holding over 5%) [3][6]. - The company will continue to monitor the situation regarding payment and transfer of shares, as the final outcome remains uncertain until all legal procedures are completed [3][8]. Group 3: Impact on Company Governance - The auction of shares will not lead to any change in the company's control or governance structure, as Zhuxin Ruikang is neither the controlling shareholder nor the largest shareholder [3][8]. - The company emphasizes that the auction results will not impact its ongoing operations or governance [8].

Financial Performance - In Q1 2025, the company achieved revenue of 4.6 billion RMB, a year-on-year increase of 9.58%, marking nine consecutive quarters of positive growth [2] - The net profit attributable to shareholders reached 302 million RMB, up 33.98%, with 15 consecutive quarters of double-digit year-on-year growth [2] - The net cash flow from operating activities was 578 million RMB, reflecting a year-on-year growth of 33.33% [3] Market Position - According to third-party data, the company’s Oma refrigerator ranks second or third in export market share [2] - In 2024, the export sales of Oma refrigerators to France and Brazil increased by over 100%, significantly outpacing industry growth [2] - The company has maintained its position as the leading exporter of refrigerators from China to Europe for 17 consecutive years [3] Product Development - The company launched the TCL Ice Kirin series refrigerators, featuring advanced technologies such as deep freezing at -40°C and new molecular preservation technology [3] - The TCL AI Super Tube Washing Machine achieved a wash ratio of 1.31, utilizing the TCL Fuxi AI model for enhanced user experience [3] Expansion Plans - The company plans to establish a production base in Southeast Asia, with an initial investment of up to 80 million RMB for a cold cabinet production line, expected to add 300,000 units of annual capacity [3] - The second phase of the Southeast Asia project includes purchasing land for a new refrigerator production line, with an investment budget of up to 600 million RMB, aiming for an additional 1.4 million units of annual capacity [3] Dividend Policy - The company currently has negative retained earnings and does not meet the profit distribution conditions as per the Company Law and Articles of Association [4] - The company is committed to enhancing profitability and will actively consider returning value to shareholders once conditions are met [4] Business Strategy - The company focuses on AI smart home appliances and aims to become a global leader in this sector [5] - There are no current plans to expand into air conditioning, as the main business remains in refrigerators, freezers, and washing machines [5]

Group 1 - The event organized by Japanese companies in Shenzhen aimed to enhance cooperation between the Shenzen Guangming District and Japanese enterprises through investment environment assessments and industry-specific matchmaking [1][3] - Participating Japanese companies included Toshiba (China) Co., Ltd., Mizuho Bank (China) Co., Ltd., and others, covering sectors such as semiconductors, high-end manufacturing, smart home appliances, urban design, finance, and consulting [3] - The delegation visited leading companies in Guangming District, including Betterray New Materials Group, a top global supplier of lithium-ion battery anode materials, and Nuoan Intelligent Co., Ltd., a specialized manufacturer of gas sensors and detection instruments [3] Group 2 - Guangming District has previously hosted a delegation from the UK-China Trade Association, which included representatives from notable institutions and foreign enterprises, indicating a growing interest in the district's innovative technologies and strong industrial foundation [4] - In the first half of the year, Guangming District actively sought connections with foreign companies, including Panasonic and Victoria's Secret, to strengthen its international presence and attract foreign investment [5] - The district has engaged in various promotional activities, resulting in over 70 foreign enterprises visiting and establishing strategic partnerships, including with Alstom and the Australian Doner Group [5]