公告日期：2024-06-29

Stock Code: 688007 Stock Short Name: Appotronics
Appotronics Corporation Limited

Annual Report 2023

April 2024

本报告为深圳光峰科技股份有限公司自愿披露的《2023 年年度报告（英文版）》，对本报告的中英文版本理解上发生歧义时，以中文版本为准。

This is 2023 Annual Report (English version) voluntarily disclosed by Appotronics
Corporation Limited. In the event of any discrepancy between the English and Chinese
versions of this report, the Chinese version shall prevail.

Forge Ahead with Determination

Dear all shareholders of Appotronics:

I am glad to talk with you at this time each year. The year 2023 witnessed the successful
transformation of Appotronics. Despite the various challenges we experienced in this year
full of uncertainty in the external environment, we not only withstood the pressure but also
achieved a successful transformation to stand on a bigger stage. I am especially grateful for
your long-lasting trust and partnership during this process.

With the firm belief in the power of persistence when facing various internal and
external challenges, we persisted in the development strategy of “core technologies + core
devices + application scenarios” in the path of transformation. The “fundamental businesses”,
including the cinema and dedicated display, and the “growth businesses”, including the
automotive business, are highly complementary to each other in building a combination of
“aggressive and defensive” fort for the Company, which created a very stable business
structure for Appotronics. Despite the objective huge growth potential of the automotive
business, there will be a stage of intense competition prior to the maturity of the automotive
business. Under such circumstance, the cinema and dedicated display businesses stood out
by the value they created. More importantly, without reducing our efforts for existing
businesses, we have been developing new growth poles for mature businesses to greatly
improve the speed and ……
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