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KPMG expands PREVA coverage in the Middle East

KPMG PREVA aims to revolutionize financial operations with technology and automation for increased efficiency and accuracy across the Middle East region

RIYADH, Saudi Arabia, Feb. 17, 2025 /PRNewswire/ — After the successful implementation of KPMG PREVA in the United Arab Emirates and Oman, KPMG is expanding the service to Saudi Arabia, Jordan and Lebanon.

 

KPMG expands PREVA coverage in the Middle East

KPMG PREVA offers an innovative online solution designed for large, medium, and small businesses, and offers a comprehensive suite of online accounting, reporting, payroll, and tax services. Made available for an affordable monthly subscription, it can support entrepreneurs but also international investors looking to open a regional headquarter/branch office in one of the countries in which PREVA operates.

KPMG PREVA is set to transform the way businesses handle their financial operations. By leveraging advanced technology and automation tools, KPMG PREVA ensures increased efficiency and accuracy in routine transaction processing, significantly reducing the need for manual intervention. This allows business owners to focus on growth and strategic decision-making, knowing their financials are in expert hands.

KPMG PREVA combines technology with a team of dedicated accountants, all within a single, easy-to-use online platform. Each client is paired with a dedicated account manager, bookkeeper, and supported by team of accountants who are available via phone, email, or the application. This seamless integration ensures that clients receive timely and accurate financial information through an intuitive dashboard, accessible from any device.

“Traditional accounting software often overlooks the needs of business owners, focusing instead on accountants and tax professionals,” said Tariq Bzai, Partner and Intelligent Accounting Solution Leader at KPMG Middle East. “KPMG PREVA is designed to bridge this gap, providing CEOs, founders and leadership teams with an accounting foundation that scales as their business grows.”

KPMG PREVA simplifies accounting for businesses with streamlined workflows and intelligent automation. Users may benefit from personalized support from account managers, and upload and review of financial documents. While the process of transaction review is automated, accountants perform the final checks. Month-end reconciliations and financial reports are prepared and users may access real-time dashboards for an intuitive view of their financial information.

The solution offers several key advantages for businesses. The service operates under a single, straightforward contract that covers software licensing, hardware, and accounting services. With flat-rate monthly pricing, there are no hourly fees, making it scalable for business growth. The service is available in flexible plans, each tailored to the specific needs of businesses at different stages of growth.

For further information please visit kpmg-preva.com

KPMG expands PREVA coverage in the Middle East
KPMG expands PREVA coverage in the Middle East

HONOR to Unveil New Strategic Initiative HONOR ALPHA PLAN at MWC 2025

BARCELONA, Spain, Feb. 17, 2025 /PRNewswire/ — Global technology brand HONOR today announced that it will unveil its new strategic initiative, the “HONOR ALPHA PLAN”, at Mobile World Congress (MWC) 2025 and showcase its latest AI innovations.


The term “ALPHA” carries profound significance across multiple dimensions. It symbolizes a pioneering spirit in exploration, represents excellence at the highest level, and stands for exceptional performance through innovation and strategic foresight. The HONOR ALPHA PLAN embodies these core values as the company’s new strategic direction.

Through this initiative, HONOR is committed to fostering an open and collaborative environment where innovation thrives through partnership. By leveraging its technological expertise and working closely with global partners, HONOR aims to build a robust AI ecosystem that pushes the boundaries of what is possible.

The keynote presentation will take place in Barcelona at 4:30 PM CET on March 2, 2025. For all upcoming announcements and updates ahead of MWC 2025, please visit https://www.honor.com/global/events/honor-mwc/ .

About HONOR 

HONOR is a leading global provider of smart devices. It is dedicated to becoming a global iconic technology brand and creating a new intelligent world for everyone through its powerful products and services. With an unwavering focus on R&D, it is committed to developing technology that empowers people around the globe to go beyond, giving them the freedom to achieve and do more. Offering a range of high-quality smartphones, tablets, laptops and wearables to suit every budget, HONOR’s portfolio of innovative, premium and reliable products enable people to become a better version of themselves.

For more information, please visit HONOR online at www.honor.com.

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Pre-order Centauri Carbon Now: Elegoo’s First Core-XY 3D Printer for Reliability in Creativity

SHENZHEN, China, Feb. 17, 2025 /PRNewswire/ — Elegoo, a rapidly developing brand in global smart manufacturing, officially launches pre-orders today for its first Core-XY 3D printer, built for top reliability to boost creativity and productivity. Priced at 299.99 USD, it combines high-performance features with an accessible price, breaking down barriers for makers, home users, and professionals across various industries.

Defying gravity, redefining printing

The Centauri Carbon distinguishes itself from Elegoo’s previous models with its sleek space-gray metal design and fully enclosed integrated die-cast frame, offering superior safety, aesthetics, and high-temperature printing performance. Unlike traditional Cartesian printers that require extensive assembly, the Centauri Carbon delivers a “print out of the box” experience, ensuring seamless and reliable operation right from the start.

With a build volume of 256 × 256 × 256 mm, the Centauri Carbon achieves printing speeds up to 500mm/s and an acceleration of 20,000 mm/s². Its 1000W (at 220V) AC heated bed quickly reaches optimal temperatures, saving users time and eliminating the long wait for heating. According to Elegoo Lab, a custom smartphone stand can be printed in just 30 minutes.

Elegoo opens pre-orders for the Centauri Carbon, its first Core-XY 3D printer, on February 17, 2025.
Elegoo opens pre-orders for the Centauri Carbon, its first Core-XY 3D printer, on February 17, 2025.

“3D printing has been around for decades, but its shift into the consumer space has only gained momentum in recent years,” says Chris Hong, CEO of Elegoo. “The Centauri Carbon aims to be a breakthrough, lowering the barriers to creativity and enabling more people to tap into the power of this technology.”

High-temp printing for the stars

The Centauri Carbon is a versatile 3D printer built for high-performance printing. It supports a wide range of filaments, including PLA, PETG, TPU, ABS, ASA, and carbon-fiber-infused materials, with a nozzle that reaches 320°C for durable, high-temperature prints. Its 60W ceramic heater and optimized melting chamber ensure fast heat-up times and precise filament flow, while a robust cooling system maintains print quality at high speeds. The dual-sided magnetic build plate (textured PEI and PLA-optimized) ensures easy removal and reduces warping.

The enclosed chamber enhances temperature control, improving print quality and strength. A 1000W AC-heated bed heats rapidly, cutting preparation time. Advanced features like Vibration Compensation and Pressure Advance Compensation reduce ripples and ensure smooth extrusion. With precision, speed, and reliability, the Centauri Carbon is the ultimate tool to print dreams to the stars.

Seamless workflow, infinite possibilities

Bed leveling has long been a pain point for entry-level 3D printer users, often requiring time-consuming calibration – but not with the Centauri Carbon. Featuring auto bed leveling powered by four pressure sensors and a proprietary algorithm, it achieves a perfect first layer with just a single click. Automatic Z-axis compensation before printing eliminates defects caused by uneven surfaces, removing the need for manual adjustments. The intuitive 4.3-inch capacitive touchscreen ensures effortless navigation, while Wi-Fi and USB connectivity offer flexible printing options.

At its core, the Centauri Carbon runs on the advanced ELEGOO OS, supported by a high-speed motherboard. It enables OTA firmware updates and provides 8GB of ROM for extensive model storage. Silent stepper drivers ensure quiet operation, while a built-in camera allows for time-lapse recording, letting users capture and monitor every step of the print. The enclosed chamber features LED lighting for easy monitoring in low-light environments, and thoughtful additions like a filament waste bin and a silicone nozzle cleaning brush keep the machine clean and ensure flawless print quality.

Open-Source Compatibility

The ElegooSlicer, the software used for slicing and preparing 3D models, is based on Orca Slicer and is open-source, empowering the community to innovate and customize. The code is available here.

For Orca Slicer users, the Centauri Carbon profile can be added manually via this link. The profile is expected to be officially included in the next Orca Slicer update, ensuring seamless integration for all users.

Price and availability

Pre-orders for the Centauri Carbon are now open, with prices (excluding shipping) listed as follows:

US: 299.99 USD 
UK: 299.99 GBP
EU: 329.99 EUR 
CA: 449.99 CAD
AU: 699.99 AUD 
JP: 60000 JPY

To pre-order and learn more, please visit the Elegoo official store. The Centauri, the base model of the Centauri series, is also available for a limited pre-order. For more details, please visit here.

About Elegoo

Founded in 2015, Elegoo is a rapidly developing brand in the global smart manufacturing industry, specializing in R&D, manufacturing, and sales of consumer-grade 3D printers, laser engravers, STEM kits, and other smart technology products. Located in Shenzhen, the Silicon Valley of China, the company has sold millions of products across more than 90 countries and regions. In 2024, the company’s total sales revenue surpassed 200 million USD, with close to 700 employees and nearly 30,000 square meters of office and manufacturing area. With a focus on programming and 3D printing technology, Elegoo provides unique and smart creation spaces for diverse consumers to enhance personalized experiences.

Reolink Makes Wireless Security Camera Systems Accessible to All Homes

LOS ANGELES, Feb. 17, 2025 /PRNewswire/ — Every homeowner deserves peace of mind when it comes to home security. Reolink, an innovative leader in intelligent visual technology for the home, brings the Wireless Security Camera System specifically designed for beginners. With two easy-to-install battery-powered Wi-Fi cameras, two solar panels, and a central home hub, this all-in-one wireless system makes a convenient and reliable experience accessible to everyone.

Subscription-Free for Local Storage & Multi-Device Management

Reolink Home Hub serves as the central control unit for up to eight Reolink cameras (excluding 4G models), and users can easily access live feeds and playbacks of high-definition main streams from multiple cameras. Once any connected cameras are triggered, the Reolink Home Hub will sound an alarm immediately. It comes with a 64GB microSD card and expandable up to 2×512GB with two microSD card slots, providing secure and privacy management without monthly fees.

Argus 4 Pro Wireless Security System for Day & Night Vibrant Color

The Reolink Home Hub system includes two of Reolink’s award-winning Argus 4 Pro cameras – the world’s first 4K battery-powered camera with 180° panoramic view, and two 6-watt solar panels for comprehensive security coverage. Each camera features ColorX Technology, delivering vibrant, crystal-clear footage even in low-light conditions, without relying on infrared lights. Starting today, the Argus 4 Pro wireless security system is on sale for $629.99 on the Reolink website, minus an extra 5% discount with the code “hub021705”.

Argus PT Ultra Wireless Security System for 360° All-Around Coverage

Pairing two 4K pan-tilt standalone Reolink Argus PT Ultra cameras with two 6-watt solar panels, this system offers flexible and reliable security for users at home. The Argus PT Ultra features an impressive 355-degree pan and 140-degree tilt, ensuring a blindspot-free viewing experience. Customers can buy it on the Reolink website and Amazon for $499.99, minus an extra 5% discount with the code “hub021705”.

In addition to these two systems, Reolink also offers Home Hub bundles paired with other battery-powered Wi-Fi cameras to meet different home security needs. For more information, please visit the Reolink website.

About Reolink

Reolink offers smart security solutions for homes and businesses, aiming for a seamless security experience with its wide range of products. Serving millions globally, it provides video surveillance and protection, standing out for its commitment to security technology innovation.

InCred Group Acquires Arrow Capital DIFC, Expanding Its Footprint in the Middle East

DUBAI, UAE and SINGAPORE, Feb. 17, 2025 /PRNewswire/ — The diversified financial services firm ‘InCred Group’ today announced the acquisition of Arrow Capital (DIFC) Limited, a leading boutique financial services firm based in Dubai.

https://laotiantimes.com/wp-content/uploads/2025/02/srikantan_selvamani.jpg
https://laotiantimes.com/wp-content/uploads/2025/02/srikantan_selvamani.jpg

Arrow Capital, founded in 2016 and regulated by the Dubai Financial Services Authority (DFSA), has established itself as a trusted advisor to ultra-high net worth individuals, families, trusts, and corporate entities worldwide. The firm’s comprehensive suite of services spans wealth management, investment advisory, corporate finance, and asset management, aligning perfectly with InCred’s vision to provide holistic financial solutions to its global clientele. This strategic move marks a significant expansion of InCred’s global capabilities across wealth management, investment banking, and asset management, while strengthening its presence in the Middle East and Africa. 

Following the acquisition, InCred Global Wealth, with offices in Dubai, Singapore, and London, will manage assets exceeding USD 2 billion, a remarkable milestone for a firm that began operations just over three years ago.

Bhupinder Singh, Founder and CEO of InCred Group, said, “The acquisition of Arrow Capital marks a significant milestone in InCred’s journey toward becoming a global leader in diversified financial services. Arrow’s deep understanding of the Middle Eastern and African markets, combined with its strong client relationships and broad service offerings, will significantly enhance our ability to serve the sophisticated needs of clients across various segments.” 

Rohit Nanani, Founder and CEO of Arrow Capital, commented, “Joining forces with InCred presents an exciting opportunity to leverage our combined strengths and offer an even more robust suite of services to our clients. InCred’s innovative approach and Arrow’s expertise across multiple financial domains create a powerful synergy that will drive growth and deliver exceptional value to our clients.”

Srikantan Selvamani, CEO, InCred Global Wealth Pte. Ltd. (Singapore), said, “The Middle East represents one of the fastest-growing wealth markets globally. I am excited to have Rohit lead and grow our existing efforts in the region; with a focus on expanding into new markets, attracting talent and further broadening and deepening our platform, driving us towards our goal of being the most respected financial services firm in the region.”

The acquisition will integrate Arrow Capital into InCred’s global operations, further strengthening its international presence in Dubai, alongside existing offices in Singapore and London. This move is expected to accelerate InCred’s growth trajectory across multiple business lines.

Bhupinder Singh Founder Group CEO InCred Group
Bhupinder Singh Founder Group CEO InCred Group

 

Rohit Nanani Founder and CEO of Arrow Capital
Rohit Nanani Founder and CEO of Arrow Capital

 

 

Triller CEO Sean Kim to Unveil Industry-Changing Innovations & Creator Economy Trend Forecast at Web Summit Qatar 2025

Big Announcements, Star Power & the Future of Social Media—Triller is Taking Over Web Summit Qatar

LOS ANGELES, Feb. 17, 2025 /PRNewswire/ — Riding the wave of an unprecedented comeback, Triller is poised to continue to reshape the creator economy. The short-form video app’s CEO Sean Kim will take center stage at Web Summit Qatar 2025 to unveil game-changing product updates, exclusive partnerships, and a brand-new community project launch.

The highly anticipated keynote, “AI and the New Era of the Creator Economy,” is set for February 24 at 3:20 p.m. at the Doha Exhibition and Convention Center (DECC).

Kim will be joined by A-list influencers and celebrities, reflecting Triller’s unique positioning at the intersection of music, culture, and cutting-edge technology. With brand new features and exclusive creator collaborations, Triller is doubling down on its mission to redefine how creators connect, engage, and monetize their craft.

Sean Kim’s keynote promises to be the ultimate deep dive into the future of social media, the creator economy, and the role of AI in this ever-changing landscape. From the rise of AI-powered content creation to the transformative role of influencer marketing and the evolution of digital communities, attendees can expect bold insights, exclusive reveals, and a clear vision for how Triller is leading the charge in the creator economy with its all-in-one solution for creator success.

“We’ve been working relentlessly to redefine innovation in the social media landscape and Web Summit Qatar is the perfect place to unveil our latest updates and partnerships in front of innovators and leaders from around the globe,” said Sean Kim. “We are excited to share our vision for the future of social media and explore new partnerships that will enhance the Triller experience for our users.”

With Web Summit Qatar 2025 shaping up as a dynamic hub for tech, culture, and creativity, Triller is ready to make a lasting impact. Attendees will get exclusive access to the platform’s latest service offerings, plus the opportunity to connect with top influencers and industry leaders at the forefront of digital transformation.

Save the date—February 24, 3:20 p.m., DECC Centre Stage. The creator economy’s future starts here, and Triller is leading the way.

Follow the conversation and stay updated at #TrillerAtWebSummit.

About Triller Group Inc.

NASDAQ: ILLR. Triller Group is a US-based company that operates two main businesses: the newly merged US- based social media operations (Triller Corp.), and the legacy operations of the Company in Hong Kong (“AGBA”).

Triller Corp. is a next generation, AI-powered, social media and live-streaming event platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller Corp. uses proprietary AI technology to push and track content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller Corp. additionally owns Triller Sports, Bare-Knuckle Fighting Championship (BKFC); Amplify.ai, a leading machine-learning, AI platform; and TrillerTV, a premier global PPV, AVOD, and SVOD streaming service. For more information, visit www.triller.co.

Established in 1993, AGBA is a leading, multi-channel business platform that offers a broad set of financial services and healthcare products to consumers through a tech-led ecosystem, enabling clients to unlock the choices that best suit their needs. The Group is organized into four market- leading businesses: Platform Business, Distribution Business, Healthcare Business, and Fintech Business. For more information, please visit www.agba.com.

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; the outcome of any legal proceedings that may be instituted against us following the consummation of the business combination; expectations regarding our strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and our ability to invest in growth initiatives and pursue acquisition opportunities; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic and business conditions in Hong Kong and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the SEC, the length and severity of the recent coronavirus outbreak, including its impacts across our business and operations. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward–looking statements to reflect events or circumstances that arise after the date hereof.

SHEIN SPREADS SMILES WORLDWIDE WITH LAUNCH OF NEWMOJI® AND SMILEYWORLD® COLLECTIONS

Let Your Style and Space Smile With SHEIN’s Fun-Filled Collections With The Smiley® Company

SINGAPORE, Feb. 17, 2025 /PRNewswire/ — Get ready to smile big! Global fashion and lifestyle online retailer SHEIN has teamed up with The Smiley® Company to launch two extensive collections featuring the Newmoji® and SmileyWorld® brands. Designed to spread positivity, these collections bring a pop of personality to everything from fashion to accessories and home décor.

Logos
Logos

“We’re thrilled to launch a new range of Newmoji® products with SHEIN and build on the SmileyWorld® product offering,” said Janet Wilson, Chief Product Officer – Lifestyle Consumer Products at The Smiley® Company. “This collection centers on fun and positivity, allowing customers to express their emotions and individuality. SHEIN is a fantastic partner with a vast global reach, and we can’t wait to see how people engage with these products.”

The SHEIN x Newmoji Collection brings everyone’s favorite digital icons to life, creating a collection that captures the playfulness of digital expression. From quirky accessories to statement apparel, these items are packed with personality. The SHEIN x SmileyWorld Collection features iconic Smiley designs that deliver a jolt of color, positivity, and energy to any look or space. Both collections offer something for everyone with items at a range of price points.

The Newmoji® and SmileyWorld® brands created by Nicolas Loufrani showcase innovative emoticons. Building on the success of SmileyWorld, which was created to capture emotional expression during the digital revolution, Loufrani introduced Newmoji®. Newmoji features hyperrealistic and 3D icons that reimagine emoticons with hand-drawn designs and animated styles.

The SHEIN x Newmoji Collection and the SHEIN x SmileyWorld Collection are now available globally on www.shein.com. SHEIN is calling on fans to share their favourite pieces from the collections on social media using the hashtags #NewmojixSHEIN and #SmileyWorldxSHEIN.

About SHEIN

SHEIN is a global fashion and lifestyle online retailer, offering SHEIN branded apparel and products from a global network of vendors, all at affordable prices. Headquartered in Singapore, SHEIN remains committed to making the beauty of fashion accessible to all, promoting its industry-leading, on-demand production methodology, for a smarter, future-ready industry.

About The Smiley® Company

Founded in 1972, The Smiley® Company is a global lifestyle brand that has become a universal symbol of happiness, positivity, and optimism. With its iconic Smiley face, the company has influenced pop culture, fashion, and art for over five decades. Beyond its signature design, The Smiley® Company is dedicated to spreading joy through innovative collaborations, products, and experiences that inspire a sense of community and well-being around the world.

About Newmoji®

Newmoji® is a design-focused brand with a unique approach to iconography that improves the way we communicate through emoticons, complementing our sense of style and fun, enriching, and intensifying our interactions. Newmoji® will evolve how we use emoticons, innovating and transforming them to create new, fresh, and design focussed icons that enhance our experience even further, from digital communication to trending products.

 

TCLE (01070.HK) Announces Positive Profit Alert

Expects Adjusted Profit attributable to Owners of the Parent in 2024 to Grow by Approximately 62% to 112% YoY 

HONG KONG, Feb. 17, 2025 /PRNewswire/ — TCL Electronics Holdings Limited (“TCL Electronics” or the “Company”, 01070.HK) published a positive profit announcement. Based on a preliminary review of the unaudited management accounts of the Company for the Year 2024 and the information currently available to the Board, it is expected that the Company’s adjusted profit attributable to owners of the parent[1] in the Year 2024 will be in the range of approximately HK$1.3 billion to HK$1.7 billion, representing an increase of approximately 62% to 112% as compared with the corresponding period in 2023.

The expected significant increase in adjusted profit attributable to owners of the parent is mainly attributable to the following three factors:

  1. Guided by the strategic vision of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”, TCL Electronics has achieved remarkable results in its global capacity building and organisational restructuring. The Company has laid a solid foundation for sustained growth through optimising its product mix, achieving breakthroughs in marketing and retailing, efficient global operation and building a vibrant organisation. 
  2. The Company achieved sustained growth in the global market share and revenue scale of its core businesses. The Company has strengthened its image as a multinational technology company with a premium brand, which has contributed to the continuous enhancement of its brand index, and breakthroughs in retail sales channel; through strengthening the development of cutting-edge technologies, the Company has built up its technological selling points and advantages in its products, thereby achieving continuous optimisation of its product structure. In particular, the proportion of high-end and large-screen products in the core display business increased significantly, and the revenue of TCL’s TV business hit a new record high; the innovative business maintained a high growth trend, with the scale and competitiveness of all-category marketing and photovoltaic businesses continuing to rapidly enhance, which further contributed to the Company’s operating results.
  3. The Company has continued to create optimal cost effectiveness and efficiency advantage by improving its global logistics resources and warehousing network through global localisation of industrial capacity; the Company has driven improvement in cost structure and continued to exercise stringent control over various operating and administrative expenses; the Company has been steadily improving its operational turnaround efficiency by stepping up capacity building in key areas, continuing to push forward digital transformation and implementing quality and efficiency enhancement measures while achieving economies of scale. The Company’s overall expense ratio for the Year 2024 has been effectively reduced.

Looking ahead to 2025, TCL Electronics will place strategic emphasis on fortifying its product excellence. This will encompass substantial enhancements to its global product planning capabilities and a significant increase in investment in cutting-edge technologies, particularly in the field of artificial intelligence (AI). In parallel, the Company will continue to advance its globalisation strategy by fostering multi-centre operations across the globe and cultivating a smart, eco-friendly supply chain that places consumers and clients at its core. By bolstering its global operational prowess, TCL Electronics strives to establish itself as a preeminent smart device enterprise with a robust and genuinely global presence.

[1] Adjusted profit attributable to owners of the parent is a non-HKFRS financial measure adopted by the Company to supplement the Company’s consolidated results prepared and presented in accordance with HKFRS issued by the Hong Kong Institute of Certified Public Accountants as an additional, but not a substitute, financial measure, which is defined by the Company as profit attributable to owners of the parent after adding back the following adjustments: (i) (gain)/loss from investment companies, net; (ii) (gain)/loss on disposal and liquidation of subsidiaries, net; (iii) (gain)/loss related to call options and put options, net; (iv) (gain)/loss on disposal of non-current assets, net; and (v) income tax effect; The management of the Company believes that the adjusted profit attributable to owners of the parent provides useful supplementary information to investors in assessing the results of the Company’s core businesses by excluding the impact of certain non-cash items, investments and non-current assets transactions. However, such definition does not have a standardised meaning prescribed by HKFRS and therefore may differ from similar terminology used by other companies, and may not be comparable to similar measures presented by other companies. Accordingly, the use of such non-HKFRS measure has limitation as an analytical tool, and investors should not consider it in isolation form, or as a substitute for analysis of our results of operations or financial conditions as reported under HKFRS.

About TCL Electronics

TCL Electronics Holdings Limited (01070.HK, incorporated in the Cayman Islands with limited liability) was listed on the mainboard of the Hong Kong Stock Exchange in November 1999. It is engaged in display business, innovative business and internet business. TCL Electronics actively transforms and innovates under the strategy of “Lead with Brand Value, Excel in Global Efficiency, Drive with Technology, Thrive on Global Vitality”. Focusing on the mid-to-high-end markets around the world, the Company strives to consolidate the “Intelligent IoT Ecosystem” strategy and is committed to providing users with an all-scenario smart and healthy life while developing into a world-leading smart technology company. TCL Electronics is part of the Shenzhen-Hong Kong Stock Connect program and is included in the Hang Seng Stock Connect Hong Kong Index, the Hang Seng Composite MidCap & SmallCap Index and the Hang Seng Corporate Sustainability Benchmark Index. Besides, it has received Hang Seng Index’s ESG rating of A for consecutive years since 2018.

For more information, please visit the investor relations web page of TCL Electronics at http://electronics.tcl.com or follow the WeChat Official Page of TCL Electronics investor relations.