Guangdong TCL Smart Home Appliances (002668.SZ): Completion and Commencement of Production of the Southeast Asia Production Base Project

Guangdong TCL Smart Home Appliances (002668.SZ) announced that the first-phase production line with an annual capacity of 300,000 chest freezers at its Thailand production base was completed and put into operation in early 2026, and has basically achieved full-capacity operation following trial production and capacity ramp-up. Recently, the second-phase project with an annual capacity of 1.4 million refrigerators at its Thailand production base has been successfully completed and entered the trial production stage. Going forward, the company will, in an orderly manner and in accordance with project capacity ramp-up, order demand, and market conditions, advance production operations, supply chain coordination, and market development, so as to realize the project's capacity benefits as soon as possible. The commencement of production of the second-phase project at the Thailand production base is an important measure for the company to advance its globalization strategy and improve its overseas capacity layout. It will help further optimize the company's product mix, better meet the needs of global market expansion, and consolidate and expand market share; at the same time, it will further optimize the company's capacity layout, improve its supply guarantee capability and order response capability in overseas markets, enhance its ability to respond to changes in the international trade environment, and strengthen its risk resistance and core competitiveness.