TCL Tech: Display Focus Intensifies With Bylaw, Fund Changes

TCL Technology Group Corp. reported a total provision for asset impairment of CNY 3,355,853 thousand for the first half of 2025. This will increase the net profit attributable to shareholders by CNY 32,770 thousand and owner’s equity by CNY 32,770 thousand by June 30, 2025. This includes provisions for bad debts, inventory depreciation, and long-term asset impairments.

Concurrently, the company is investing in the ultra-high-definition video display industry by contributing CNY 60,000 thousand to a new private equity fund. This fund aims to enhance the development and technological advancement of the display industry supply chain in Shenzhen.

Furthermore, TCL Technology is updating its Articles of Association to streamline corporate governance, abolish the Board of Supervisors, and adjust several provisions related to shareholder rights, board responsibilities, and financial management. These changes are effective upon approval by the general meeting of shareholders.