BOE’s net profit increased by more than 1,000% year-on-year in the first half of 2021

2. Pre-audit of the performance forecast

This performance forecast has not been pre-audited by a certified public accountant.

3. Explanation of reasons for performance changes

1. In the first half of 2021, the semiconductor display industry continued to maintain high prosperity. Benefiting from the continued strong demand and the continued tight supply caused by the shortage of raw materials such as driving ICs, the industry is in a situation of shortage of supply, and the prices of various products such as IT and TV have increased to varying degrees.

2. In the first half of the year, the company's mature production lines maintained full production and sales, the market share of LCD mainstream applications continued to lead, the product structure further improved, the proportion of high-end products increased significantly, profitability continued to increase, the growth in operating performance was significantly higher than the price increase, and the industry's leading advantage was further reflected.

3. Since 2021, the company has further promoted the establishment of the "1+4+N" aircraft carrier business group framework, including display business, sensor and solution business, Mini-LED business, smart system innovation business and smart phone business. Hui Medical Industry has developed rapidly and continues to extend to the semiconductor display industry chain and the value chain of various application scenarios of the Internet of Things.

4. Other relevant instructions

Specific data on the company's 2021 semi-annual operating performance will be disclosed in detail in the 2021 semi-annual report. Investors are advised to pay attention to investment risks.

Announcement is hereby made.

BOE Technology Group Co., Ltd.

Board of Directors

July 13, 2021