Financial Performance Review

FinTech and Business Services In billion RMB +15% YOY -0.1% QoQ 48.6 48.7 48.6 42.2 2Q22 2Q23 1Q23 2Q23 FinTech Services • Revenue sustained double-digit YoY growth, mainly benefitting from the recovery of offline and online commercial payment activities • Wealth management users and AUM increased YoY as we provided better investor education and services to meet increased user demand • We have completed self-inspection and corresponding rectification for Tenpay, and upgraded the operational compliance capability of our payment business. We look forward to progressing our business and providing innovative services under the supportive regulatory framework Business Services • Returned to low double digit YoY revenue growth in 2Q23, driven by fees collected on Video Accounts live streaming eCommerce transactions and modest growth of cloud services. Gross margin increased notably YoY due to cost optimisation and new fee-based revenue streams • Launched Tencent Cloud Model-as-a-Service (MaaS) library of models and solutions, which enables enterprises in multiple industries to develop customised large models at higher efficiency and lower cost, leveraging our proprietary vector database and high-performance computing cluster services 14

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