The term of office is nearly 8 months! Senior Vice President of TCL Zhonghuan Resigns!

17, TCL Central issued an announcement of high-level changes.

The announcement shows that the board of directors of TCL Central recently received a written resignation application submitted by Zhang Changxu. Due to job changes, Zhang Changxu applied to resign from the position of SVP (Senior Vice President) of the company.

Zhang Changxu's resignation application shall take effect from the date of delivery to the board of directors of the company. After his resignation, Zhang Changxu still held other positions in the company.

According to the annual report of TCL Central 2025, Zhang Changxu's position column shows that he is the director and SVP of the company. On December 2,

2025, TCL Central announced that the board of directors had recently received a written application from Zhang Changxu to resign as CFO (Chief Financial Officer) of the company and would continue to serve as a director of the company.

At the same time, TCL Zhonghuan announced the appointment of Zhang Changxu as SVP of the company, focusing on power plant business, assisting CEO in managing key strategic projects , and supporting the company's long-term business development and strategic implementation. On the evening of July

17, TCL Central also announced that it would increase its semiconductor business .

The company announced that according to the strategic and business development needs of the company and its holding subsidiary, Central Leading Semiconductor Technology Co., Ltd. Shenzhen Zhonghuan Leading Semiconductor Materials Co., Ltd., a leading subsidiary of Zhonghuan, is proposed to invest in the construction of "Shenzhen Project of Semiconductor Large Silicon Wafers for Integrated Circuits".

The project is located in Guangming District, Shenzhen City, Guangdong Province, with a total investment of about 11.96 billion yuan, covering an area of about 160 mu, and has been implemented for 60 months. The planned products include 12-inch polished wafers, epitaxial wafers and test wafers for integrated circuits, totaling 700,000 wafers per month .

At present, the project is in the preparatory start-up stage . TCL Zhonghuan reminds us that the operation of semiconductor materials industry is still in a loss state , and the above projects may face various technical and business risks in the process of promotion, and there may be uncertainties in the future profitability of the project.