China Display Optoelectronics Technology Holdings Limited 2018

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1 China Display Optoelectronics Technology Holdings Limited 2018

2

3

4 Codan Services Limited Clarendon House 2 Church Street PO Box HM1022 Hamilton HM DX Bermuda E8 Clarendon House 2 Church Street Hamilton HM 11 Bermuda

5 5,281 3, (%) 4.7% 8.1% ,813 2,459 3,133 1,

6 OPPO vivo 13.1% 6, % 8,180 LTPS LCD

7 AMOLED

8 IDC4.1% % IDC OPPO vivo66% 78% LTPS AMOLED AMOLED AMOLED IHS Markit AMOLED ,65050% AMOLEDAMOLED

9 % LCD %LCD %1) 13.1% 6,040 2) 40.5% 68.9% 34.7% % % 8, % % % % % TFT LCD 18, , , , , , % % % TFT LCD 900, ,291, ,380, ,172, ,280, ,464,

10 % % % 737, , ,179, ,178, , , , , ,280, ,464, % 79.1% % LG % TCLTCLTCLHigh Value Ventures Limited % High Value Ventures Limited TCL % TCL 65.05% TCL 1. 64% LTPS29% 64%

11 2. vivo OPPO IDC

12 TrendForce 5% LTPS AMOLED TrendForceWitsView AMOLEDLTPS-AMOLED AMOLED 5G5G

13 %47.6% 1.0% , %19.2% 48,040, ,273,000 80, ,

14 4, ,180, % 77% 26% 70% 2 717% 41% 11% 43%

15 TCL OPPO vivo

16 38 TCL TCL TCLTCL TCL TCL TCL TCL SZ TCL 1249.HK 1777.HK TCL 42 TCL 46 TCL TCL TCL TCL TCL TCL

17 46 TCL TCL SZ 48 TCL TCL TCL TCL TCL 48 TCL TCL EMBA

18 HK 313.HK (NSX) CCH EMBA Strathclyde University

19 43 TCL TCL 43TCL LTPS AMOLED 45 TCL 43 TCLTCL AVTCL TCL

20 LCD F.1.1 Clara SIU (i) TCL (ii) T.C.L.(iii) Taibang Investment Limited Ketai Investment Limited Litai Investment Limited Taigang Investment Limited Liyuan Holdings Limited Gaosheng Holdings Limited Zhuoxian Investment Limited Jinyuan Investment Limited Taihua Investment Limited Shengmao Holdings Limited TCL T.C.L. 70% 30% LCD

21

22 /4 5/6 1/2 4/4 4/6 1/2 4/4 6/6 2/2 4/4 6/6 2/2 0/0 0/0 0/0 3/4 2/6 0/2 4/4 6/6 2/2 4/4 6/6 2/2 4/4 5/6 2/

23

24 3.13 A.4.1 A

25

26 (i) , % (ii) , A.3(a)(i) (i) 10 (ii)

27 1/1 1/1 1/1 1/1 2/2 1/1 1/1 2/2 1/1 1/1 2/2 1/1 1/

28 (a) (b) (c) (d) (e) (f) (g) (h) (i) (j)

29 2. (a) (b) (c) (d)

30 500, ,001 1,000, ,000,001 1,500,

31

32

33 TCL TCL

34 ,400, ,000 Clara SIU

35

36

37 4, :1 9.9% 4, , , :

38 24 P RoHS REACH 28,

39 REACH ROHS

40

41 ,664,0001,518, ,911,000 28,

42 17% 41% 44% 77% TCL 87.80% 5%

43 83(2) 84(1)(3) 84(2) 83(2)

44 XV (i) XV7 8 (ii) 352(iii) ,925,785 11,514,998 31,440, % 14,037,998 9,076,528 23,114, % 10,450,145 2,885,499 13,335, % 260, , % 260, , % 260, , % XV 2,086,718,

45 TCLTCL 1 TCL 2 26,600 26, % 1. TCL 2. TCL TCL 13,549,648,507 TCLTCL TCL1 TCL ,986 44, , , % 1,333 1, % 1. TCL TCL 2. TCL 3. TCL 4. TCL2,335,493,

46 ,606 35, , , % % 1. TCL ,474, , , % 339, , % 364, , % 967, , % 1. TCL 2. 72,009,

47 XV (i) XV7 8 (ii) 352 (iii) TCL 1,357,439, % 1 1,357,439, % 2 1. TCL1,357,439,806High Value Ventures Limited High Value Ventures Limited TCL87.80% 2. 1,357,439,806High Value Ventures Limited High Value Ventures Limited 3. 2,086,718,219 XV

48 ,149, % 27 (i)(ii) 237,330, %

49 4 5 11,514,998 11,514, ,076,528 9,076, ,885,499 2,885, , , , , , , ,361,706 2,683,600 1,630,200 37,047, TCL2 4,059, ,000 3,875, (i) 50% (ii) 30% (iii) 20% 2. TCL 3. (i) (ii) TCL (a) 50% (b) 30% (c) 20% ,630,

50 (i) (ii) 26 6,831,165 6,831, ,831,165 6,831,165 6,831,165 6,831,

51 TCL TCL 14A.73 (a) TCL TCLTCL 1,038,000 (b) TCL Corporate Research (Hong Kong) Co., Limited TCL TCL TCL 222,000 (c) TCL (i) TCL 1,603,965,000 (ii) TCL 2,640,315,000 TCLTCL 50%

52 (d) TCL (e) 1,007,000 (f) TCLTCL Finance (Hong Kong) Co., Limited Finance Company (HK) TCL (i) 523,302,000(ii) 5,750,000(iii) 3314A (i)(ii) (iii) A

53 LTPS LCD LTPS LCDLTPS LCD

54 25%

55

56 LCD LCD 3 6 1,819,415,000 48% (i) (ii) (iii)

57

58

59 Tjenalooi, Michael

60 5 5,280,861 3,464,573 (5,032,604) (3,184,754) 248, , ,515 49,340 (27,226) (42,147) (97,152) (115,194) (1,856) (8,033) (10,469) (901) 7 (18,100) (31,321) 6 137, , (36,081) (20,435) 101, ,128 81, ,734 20,106 (4,606)

61 101, ,128 (670) 2,012 (670) 2,012 (670) 2, , ,140 81, ,746 20,106 (4,606) 101, ,

62 13 602, , ,664 5, ,736 37, ,545 15, , , , , ,145,233 1,114, ,242 90, , ,622 3,126,518 1,938, ,256,864 1,127, , , , ,610 47,557 35,685 3,036,972 1,760,183 89, , , , ,000 24,000 10,357 3, ,341 58, ,698 86, , ,

63 680, , , , , , , , , , , ,

64 , ,758 (77,970) 12,604 4,879 43,633 (3,727) (13,114) 368, ,734 (4,606) 111,128 2,012 2,012 2, ,734 (4,606) 113,140 3,004 (3,004) (4,534) (4,534) 3,818 (3,818) 55,328 55,328 50,874 (50,874) (12,375) (12,375) 4,165 4, ,936 (1,760) 4, , ,000 (35,275) (35,275) (237,632) 237, ,536 55,936 (77,680) 202,357 15,009 5,515 (16,909) 46,637 (1,715) 99, , , ,536 55,936 (77,680) 202,357 15,009 5,515 (16,909) 46,637 (1,715) 99, , , (b) (1,534) (1,534) 169,536 55,936 (77,680) 202,357 15,009 5,515 (16,909) 46,637 (1,715) 98, , ,872 81,782 20, ,888 (670) (670) (670) 81,782 20, ,218 1,309 (1,309) (1,518) (1,518) (80) (5,972) 6, ,144 (658) 1,718 (34,446) (34,446) 169,768 58,000* (77,680)* 167,911* 15,301* 60* (12,375)* 47,946* (2,385)* 178,555* 135, ,336 * 375,333, ,766,

65 137, , ,100 31,321 5 (5,738) (4,195) 6 5, ,013 48, , ,856 8, , , , ,727 3, , ,723 (355,146) 142,401 (1,034,627) (132,088) (38,711) (46,187) 1,129,261 (192,334) 117,450 (2,098) (26) 26 6,947 (2,330) 65,362 46,113 (26,427) (33,705) 38,935 12,408 5,738 4,195 (195,626) (312,533) (1,368) (5,988) 736 (190,520) (314,326) 25 1,718 4,829 (1,518) (4,534) 515, ,137 (544,514) (457,527) (15,203) (27,428) (34,446) (35,275) 120,000 (78,375) 351,202 (229,960) 49, , ,889 (226) (6,551) , ,

66 1. Clarendon House, 2 Church Street, Hamilton HM 11, Bermuda 22E8 LCD High Value Ventures Limited TCL

67 1. * 231,900, ,900, LCD * 400,000, ,000, LCD *^ 20,000,000 20,000, Taijia Investment Limited 10,000 10, TCL Display Technology (Hong Kong) Limited TCL Intelligent Display Electronics Limited TCL Display Technology (BVI) Limited Taixing Investment Limited 10,000 10, * ^

68 2.1 (a) (b) (c) (i)(ii) (iii) (i) (ii)(iii)

69 (a) 2 (b)

70 2.2 (b) (i) L&R 1 1,114,507 (2,045) 1,112,462 AC 2 L&R 88,199 88,199 AC L&R 507, ,622 AC FVPL FVPL 1,711,054 (2,045) 1,709,009 15, ,844 2,459,686 (1,534) 2,458,152 AC 1,127,603 1,127,603 AC AC 127, ,118 AC AC 389, ,610 AC AC 24,000 24,000 AC AC 58,506 58,506 AC FVPL FVPL 1,727,589 1,727, ,846,280 1,846,280 1 L&R 2 AC 3 FVPL

71 2.2 (b) (i) (c) ,033 2,045 10, ,616 9 (2,045) ,

72 2.2 (c)

73 2.2 (c) (i) LCD 15 (ii) ,157, ,548,000 (d)

74

75 ,773,000 9,773,

76 (i) (ii)(iii) (iv)

77

78 2.4 (a) (i) (ii) (iii)

79 2.4 (b) (i) (ii) (iii) (iv) (v) (vi) (a) (vii) (a)(i) (viii) 14%-33% 14%-33% 20%-33%

80

81 2.4 9 SPPI

82

83

84

85

86

87

88

89 LCD (a) (b)

90 2.4 (a) (b) (c)

91

92

93

94 3. 5% 10% 223,601,000161,124,000 11,180,0008,056,

95 3. 602,543, ,204, ,206,000 19, ,000 1,521,

96 4. LCD (a) * 4,179,043 2,178,586 1,101,818 1,285,987 5,280,861 3,464,573 * (b) 2,580,597, ,206,

97 5. 5,280,861 3,464,573 (i) LCD 5,280,861 4,179, , ,524 4,783 2,202 5,280,861 5,280,861 (ii) LCD

98 5. 5,738 4,195 * 7,749 39,817 21,337 4,504 1, ,471 49,366 8,044 (26) 44,515 49,340 *

99 6. * 5,032,604 3,184, ,013 48, , ,168 1,150 ^ 34,792 34,545 12,702 8, , , , ,328 ** 45,762 23, , ,244 2,727 3, ,856 8,033 *** 5, , ^ * 321,408, ,112,000 ** ***

100 7. 11,667 16,125 6,433 15,196 18,100 31, (1)(a) (b) (c) (f) ,989 1, ,495 13, ,535 16,354 2,991 16,

101 (a)

102 8. (b) * ** ** * , ,526 1, ,526 * **

103 8. (b) ,644 6, ,394 5, ,377 4, , ,462 13,415 16,321 1, ,462 13,415 16,

104 , ,118 6,351 1,000, ,500,001 3,000, ,500,001 5,000,

105 % 16.5% 41,036 30,249 (3,073) (12,226) 24 (1,882) 2,412 36,081 20,435 % % % % 100,652 44,183 (6,866) 137,969 25, , , (1,217) (2.7) (1,217) (0.9) 9, , (3,016) (3.0) (57) (0.1) (3,073) (2.2) (3,788) (3.8) (3,788) (2.7) 1, , , , ,

106 10. % % % % 13, ,612 (10,462) 131,563 3, , , (190) (0.2) (190) (0.2) 4, , (12,468) (93.0) (12,226) (9.3) , , (1,277) (9.5) 21, , ,016,000 4,910,000 2,366,000 7,683,000 14,209,

107 11. 34,446 35, ,491 34,446 69, ,782, ,734,0002,070,804,618 2,011,524,418 81,782, ,734,000 2,070,804,6182,011,524, ,907 2,192,659 18,128,633 81, ,734 2,070,804,618 2,011,524, ,907 2,192,659 18,128,633 2,070,974,525 2,031,845,

108 ,873 25,210 58, , ,332 (151,981) (12,018) (34,129) (198,128) 247,892 13,192 24, , , ,892 13,192 24, , , ,474 18,813 12,878 74, ,376 (5,187) (67) (770) (6,024) (54,711) (5,764) (11,538) (72,013) 229,420 13,559 (1,498) (241,481) 528,888 39,733 23,163 10, , ,466 56,185 68,925 10, ,335 (164,578) (16,452) (45,762) (226,792) 528,888 39,733 23,163 10, , ,373 5,653 60,803 1, ,646 (117,457) (3,629) (29,279) (150,365) 157,916 2,024 31,524 1, , ,916 2,024 31,524 1, ,281 27,713 11,113 2, , ,890 (28) (18) (289) (335) (34,747) (2,520) (10,787) (48,054) 97,038 2, (106,171) (5,578) 247,892 13,192 24, , , ,873 25,210 58, , ,332 (151,981) (12,018) (34,129) (198,128) 247,892 13,192 24, , ,

109 14. 5,597 1,368 (1,301) 5,664 8,558 (2,894) 5, ,578 (458) 5,597 7,190 (1,593) 5,

110 , ,569 63,540 27, ,287 39, , , ,819, , , ,276 (11,934) (8,033) 2,145,233 1,114, ,658,000 57,768, , , , , , , , ,499 2,145,233 1,114,

111 16. (8,033) 9 (2,045) (10,078) (1,856) (8,033) (11,934) (8,033) % 98.42% 0.66% 1,811,237 8,178 1,819,415 3,886 8,048 11, ,033,000 80,333,

112 ,003, , ,042, ,040, ,273, ,000, ,876,

113 17. 60,736 37,500 18,862 2, ,380 88, ,242 90, ,044,000 26, , ,168 2,817 5, , , , ,

114 19. TCL221,392,899478,199,989 TCL 0.42% 0.42% ,256,864 1,127, ,795, , , , , , ,985 21,568 2,256,864 1,127,

115 21. 8,157 (a) 62,548 82,402 42,840 23,804 26,897 14,820 11,923 (b) 187, , , , ,533 (a) 62,548 8,157 LCD LCD 8,157,000 (b)

116 22. (%) (%) , , , , , , , , , , , , ,610 24,000 24, , ,610 (a) 3,495,224,000 2,647,300,000546,921,000 1,074,784,000 (b) 48,040, ,273, ,683, ,610,000 (c) 0.44% (d) 3.80%38,265,000 71,876,

117 % 24. 2,897 8,435 1,127 5,105 17, , (735) (4,003) 188 (2,231) 4,910 8, , , ,421 8, , , ,404 (949) (178) 1,612 (188) 1,701 6,825 7, ,714 17, (181) 11,180,000 8,056,

118 25. 4,000,000,000 4,000,000, , ,000 2,086,718,219 2,083,850, , , , ,536 2,083,850, ,536 55,936 (a) (80) (b) 2,867, ,144 2,086,718, ,768 58,000 2,031,368, , ,758 (c) 44,813,829 3,818 (a) 50,874 (b) 7,667, , (237,632) 2,083,850, ,536 55,

119 25. (a) 5,972,000 50,874,000 6,052,000 (b) 2,867,6007,667, ,867,600 7,667,9901,718,000 4,829, ,000 1,760,000 (c) 44,813, (i) (ii) (i) 10%172,149,980(ii) 3%51,644,994 3%

120 26. A 9751,644,994A(i) (ii) B ,813,829 6,831,165 B ,364,499 6,831 25,823 51,645 (6,831) (70,293) (344) 6,831 6,831 (6,831) ,831 (6,831) 45,332, ,000 55,328,

121 26. 20,856 25,823 6,831 25,823 * 84, ,505 15,689 20,856 6,831 * 84,548 84,548 6,831 44, ,831 70,293 (a) 1,664 5,168 44,814 15,344 (a) 1,518,000 4,534,000 1,664,0005,168,000 * 10%

122 27. 10%10% 30%12 1% 0.1% % 5,000, (i) (ii)(iii)

123 , , (2,868) 0.74 (7,668) (1,100) 0.74 (1,630) 0.74 (873) , ,678 65, ,502, ,000 4,165,000 65,180,430 65,180,430 6,518,000 41,715, ,149, % 60,152, %

124 ,970, ,000 10% 50% 25% 4b(2) 237,632, % 20, ,

125 29. 2,971,774 (2,904,754) 67,020 67,020 1,750, ,745 1,644,201 7,169 (131,686) (76,129) 134, (72,385) , ,610 11,923 (28,926) (15,203) 18,100 2,835 61, ,684 14,

126 30. 62, ,000 8, ,610 (27,428) 31,321 (4,102) 58, ,610 11, ,624 6, ,028 7, , ,

127 33. (a) (i) 1, ,110 (ii) 3,809 3,893 (i) 2,580, ,206 (i) 59,718 1,797 (i) 1,604, ,420 (i) (i) 3,888 (i) 222 6,346 (i) 4,339 4,028 (i) 2,374 7,338 4,256, ,

128 33. (a) (i) (ii) 7.5% (b) 360,683, ,610, (c) ,028 41, ,473 58, , , ,473 58, , ,897 61,341 58, ,473 58, , ,403 61,341,000 13,867,000 33,161,

129 33. (d) 3,423 2, ,863 20,003 3,966 24, ,145, , ,437 2,533,050 1,114,507 88, , ,710,

130 34. 2,256, , ,683 24,000 61,341 2,905,152 1,127, , ,610 24,000 58, ,726,

131 ,000 24,000 24,194 24,088 61,341 58,506 73,722 65, ,341 83,258 97,916 90,

132 36. 20% 36% 12% 52% % 5 (1,730) (5) 1, ,833 (5) (1,833)

133 36. LCD IC LCD 80%68%

134 * 1,819,415 1,819, , ,752 ** 110, , , , ,817 1,819,415 2,544,984 * 16 **

135 36. 2,256,864 2,256, ,207 1, , , ,683 24,000 24,000 8,763 52,578 61,341 2,832,517 78,484 2,911,001 1,127,603 1,127, ,879 5, , , ,169 24,000 24,000 8,358 50,148 58, ,661,761 79,727 1,741,

136 36. 2,256,864 1,127, , , , ,610 24,000 24,000 61,341 58, , ,622 2,627,271 1,219, , ,302 3,172,372 1,717,517 83% 71%

137 37. (a) 48,040, ,273,00035,000, ,876, ,681,000 1,426,342,000 (b) 54,239,

138 , , , , , , , , ,871 84,750 46,229 13,867 9,465 98,617 55,694 24,773 64, , ,099 61,341 58,506 61,341 58, , , , ,536 58,564 92, , ,

139 ,758 12,604 4,879 (175,399) 16,858 95,700 (10,387) (10,387) (13,298) (13,298) (10,387) (13,298) (23,685) (4,534) (4,534) (3,818) (3,818) 55,328 55,328 50,874 (50,874) 4,165 4,165 5,936 (1,760) 4,176 (237,632) 237,632 (35,275) (35,275) 55, ,357 15,009 5,515 (4,534) (185,786) 3,560 92,057 55, ,357 15,009 5,515 (4,534) (185,786) 3,560 92,057 (7,102) (7,102) 6,680 6,680 (7,102) 6,680 (422) (1,518) (1,518) (80) (5,972) 6, ,144 (658) 1,486 (34,446) (34,446) 58, ,911 15,301 (192,888) 10,240 58,

140 5,280,861 3,464,573 3,678,153 2,242,822 2,614,228 (5,032,604) (3,184,754) (3,472,630) (2,103,219) (2,375,713) 248, , , , ,515 44,515 49,340 51,971 31,348 32,911 (27,226) (42,147) (36,267) (32,668) (42,589) (97,152) (115,194) (73,907) (51,525) (53,822) (142,151) (12,325) (8,934) (4,596) (302) (474) (18,100) (31,321) (20,239) (7,851) (7,783) 137, , ,485 (63,546) 166,758 (36,081) (20,435) (31,375) (5,990) (42,088) 101, ,128 91,110 (69,536) 124,670 81, ,734 91,110 (69,536) 124,670 20,106 (4,606) 101, ,128 91,110 (69,536) 124,670 3,813,006 2,459,686 2,120,962 1,334,090 1,224,056 (3,132,670) (1,846,280) (1,752,834) (1,229,151) (1,030,168) (135,235) (115,104) 545, , , , ,

01 cover 42830-03D 0..1

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