TCL Technology completes share transfer for 2025 employee stock plan

TCL Technology Group Corp has announced the completion of the non-trading transfer of shares for its 2025 employee stock ownership plan. The plan, approved on July 17, 2025, involved 174,747,985 shares sourced from the company's buyback program. These shares, acquired at an average price of CNY 4.58 per share, totaling approximately CNY 800 million, were transferred to the dedicated securities account on November 6, 2025. This transfer represents approximately 0.84% of the company's total share capital.

The shares acquired under this plan will be subject to a 12-month lock-up period, commencing from the announcement date of the successful transfer and purchase. During this period, no transactions involving these shares will be permitted. The plan covers up to 3,600 participants, including six company directors and senior management personnel.

The company confirmed that the employee stock ownership plan does not involve any associated relationships or concerted actions with its largest shareholder or other directors and senior management.