The board of directors of TCL Electronics Holdings Limited announced the following changes in directorate, composition of Board committees, joint company secretaries and senior management: (1) Mr. HU Dien Chien has tendered his resignation as an executive Director, the chief financial officer of the Company and one of the joint company secretaries of the Company and upon the resignation of Mr. HU Dien Chien as an executive Director taking effect, he will also cease to be a member of the remuneration committee of the Company, a member of the nomination committee of the Company and a member of the strategy committee of the Company, all with effect from 1 October 2023; and (2) Mr. PENG Pan has been appointed as an executive Director, the Chief Financial Officer, a member of the Remuneration Committee, a member of the Nomination Committee and a member of the Strategy Committee, all with effect from 1 October 2023. For the purposes of implementing the talent development and position rotation policies of the Group, Mr. HU Dien Chien has started taking charge of the operational aspect of the Group's business since August 2023. As the new position requires more dedication and time commitment, Mr. HU Dien Chien has tendered his resignation as an executive Director, the Chief Financial Officer and one of the Joint Company Secretaries, all with effect from 1 October 2023.

Upon the resignation of Mr. HU Dien Chien as an executive Director taking effect, he will also cease to be a member of the Remuneration Committee, a member of the Nomination Committee and a member of the Strategy Committee, but he will remain as a member of the management team of the Group. Mr. HU Dien Chien confirmed that with respect to the resignation of executive Director, Chief Financial Officer and one of the Joint Company Secretaries, he has no claim whatsoever against the Company for fees, compensation for loss of office, remuneration, severance payments, pension, expenses or otherwise, there is no disagreement with the Board and there is no matter relating to his resignation that needs to be brought to the attention of the shareholders of the Company or The Stock Exchange of Hong Kong Limited (the "Stock Exchange"). Following the resignation of Mr. HU Dien Chien as one of the Joint Company Secretaries, the other Joint Company Secretary, Ms. CHOY Fung Yee, as a person who possesses the qualifications and experience as a company secretary as required under Rule 3.28 of the Rules Governing the Listing of Securities on the Stock Exchange (the "Listing Rules"), will remain in office and act as the sole company secretary of the Company with effect from 1 October 2023.

Mr. PENG Pan, born in February 1976, holds an Executive Master of Business Administration Degree from China Europe International Business School, a Master of Business Administration Degree from Peking University, and a Bachelor of International Accounting Degree from Hunan University. Mr. PENG Pan worked as an analyst in Evergreen Marine (Hong Kong) Limited after graduating from Hunan University in 1998 and then as an accounting supervisor in Yantian International Container Terminals Limited in 2000. Thereafter, he joined TCL in 2005 and served at various finance-related positions in TCL during the period from 2005 to 2019, including finance manager, senior finance manager, head of finance department and finance director.

Since 2019 and prior to joining the Group, he was the head of financial centre and vice president of TCL China Star Optoelectronics Technology Co. Ltd., and associate president and the head of financial operation department of TCL Technology Group Corporation (a joint stock limited company established under the laws of the People's Republic of China (the "PRC"), the shares of which are listed on the Shenzhen Stock Exchange, stock code: 000100.SZ). Since he joined TCL, Mr. PENG Pan has successfully led various large-scale investment projects in relation to the semi-conductor display production plants in Shenzhen, Wuhan and Guangzhou, making valuable contributions to the development of the display industry.

Mr. PENG Pan is currently a director of Tianjin 712 Communication & Broadcasting Co. Ltd. (a joint stock limited company established under the laws of the PRC, the shares of which are listed on the Shanghai Stock Exchange, stock code: 603712.SH) and a director of Highly Information Industry Co. Ltd.